HomeMy WebLinkAbout2003/11/03 - ADMIN - Minutes - Economic Development Authority - RegularA~CITYOF
ST. LOUIS
PARK
OFFICIAL MINTUES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
November 3, 2003
1. Call to Order
President Brimeyer called the meeting to order at 7:22 p.m.
2. Roll Call.
The following Commissioners were present at roll call: John Basill, Jeff Jacobs, Paul
Omodt, Susan Sanger, Sue Santa, and President Jim Brimeyer.
Commissioner Sally Velick was absent.
Also present were the City Manager (Mr. Meyer); City Attorney (Mr. Scott); Community
Development Director (Mr. Harmening); and Recording Secretary (Ms. Samson).
3. Approval of Minutes
3a. Economic Development Authority Minutes of October 20, 2003
The minutes were approved with the following change.
From Councilmember Sanger: Item 7a, page 2, paragraph2, change seconded by
Commissioner Santa to seconded by Commissioner Omodt.
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 Santa, to approve
vendor claims.
The motion passed 6-0.
6. Old Business: None
7. New Business
7a. Subordination Agreement-Excelsior & Grand Phase II
Community Development Director Tom Harmening reported on the subordination
agreement relating to the Excelsior and Grand Phase II project.
EDA M inutes -2- November 3, 2003
It was moved by Commissioner Basil!, seconded by Commissioner Jacobs, to approve the
Subordination Agreement between US. Bank National Association, the City of St. Louis
Park, and the St. Louis Park Economic Development Authority and Excelsior & Grand IL
LLC relative to the Excelsior and Grand Phase II Project.
The motion passed 6-0.
8. Communications: None
9. Adjournment
President Brimeyer adjourned the meeting at 7:26 p.m.
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