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Home My WebLink About2001/05/21 - ADMIN - Minutes - Economic Development Authority - RegularArtn CITYOF ST. LOUIS PARK SCANNED OFFICIAL MINUTES ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA May 21, 2001 1. Call to order President Young called the meeting to order at 7 :20 p.m. 2. Roll Call The following Commissioners were present at roll call: Jim Brimeyer, Jeff Jacobs, Ron Latz, Chris Nelson, Susan Sanger, Sue Santa, and President Robert Young. Also present were the Executive Director (Mr. Meyer), City Attorney (Mr. Scott), Community Development Director (Mr. Harmening), Economic Development Coordinator (Mr. Kleve), and Deputy City Clerk (Ms. Stroth). 3. Approval of Minutes a. Economic Development Authority Minutes of May 7, 2001 The Economic Development Authority meeting minutes of May 7, 2001 were accepted as presented. ) 4. Approval of Agenda a. Approval of agenda for May 21, 2001 It was moved by Commissioner Nelson, seconded by Commi ssioner Jacobs, to approve the agenda. The motion passed unanimously. 5. Reports a. Vendor Claims It was moved by Commissioner Santa, seconded by Comm ission Sanger, to accept the report for filing. The motion passed unanimously. 6. Old Business - None 7. New Business 7a. Approval of a Commercial Rehabilitation Loan (CRLP) for Texa-Tonka Lanes. Mr. Kleve presented a staff report and stated that staff was comfortable with granting the loan, not to exceed $65, 000, with hopes staff can work with them to see that the proposed improvements meet the requirements to improve the property. President Young inquired if anyone was present from that organization at the meeting and Mr. Kleve replied that there was not. EDA Meeting Minutes -2- May 21, 2001 It was moved by Commissioner Santa, seconded by Commi ssioner Latz, to approve a Commercial Rehabilitation Loan in an amount not to exceed $65,000 to HJKS, Inc. dba Texa-Tonka Lanes and authorizing the President and Executive Director to enter into a participation agreement with First National Bank of the Lakes for the financing of the project. The motion passed unanimously. 8. Communications and bills - None 9. Adjournment President Young adjourned the meeting at 7:26 p.m.