HomeMy WebLinkAbout2004/03/01 - ADMIN - Minutes - Economic Development Authority - RegularAU/;;CITYOF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
March 1, 2004
1. Call to Order
Treasurer Omodt served as Chair and called the meeting to order at 7:25 p.m.
2. Roll Call.
Commissioners present: Paul Omodt, John Basill, Jeff Jacobs, Susan Sanger, Phil
Finkelstein.
Commissioners absent: Susan Santa and Sally Velick.
Others present: City Manager/Executive Director (Mr. Harmening); Economic
Development Coordinator (Mr. Hunt); Planning & Zoning Supervisor (Ms. Jeremiah);
Finance Director (Ms. McGann); and Recording Secretary (Ms. Stroth).
3. Approval of Minutes
3a. Economic Development Authority Minutes of December 15, 2003
The minutes were approved as presented.
) 4. Approval of Agenda
The agenda was approved as presented.
5. Reports
Sa. Motion to accept and file vendor claim report
It was moved by Commissioner Jacobs, seconded by Commissioner Sanger, to approve
vendor claims.
The motion passed 5-0.
6. Old Business: None
7. New Business
7a. Refunding of 1996 General Obligation Tax Increment Bonds
Finance Director Jean McGann reported on the pledge agreement which would pledge tax
increment revenue from three different tax increment districts to the repayment of the
1996 General Obligation refunding Bonds. She stated the bonds were sold today and
would continue to be paid from the three different tax increment districts, the permanent
improvement revolving fund and a portion from the Park & Recreation fund.
EDA Meeting Minutes -2- March 1, 2004
It was moved by Commissioner Jacobs, seconded by Commissioner Bas ill, to approve
EDA Resolution No. 04-01 authorizing execution and approval of a tax increment
pledge agreement.
The motion passed 5-0.
8. Communications: None
9. Adjournment
Acting President Treasurer Omodt adjourned the meeting at 7:30 p.m.
Gartz,, d-
Secretary President