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A~CITYOF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
APRIL 16, 2001
1. Call to Order
President Young called the meeting to order at 7 :00 p.m.
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2. Roll Call
The following Comm issioners were present at roll call: Jeff Jacobs, Jim Brimeyer, Chris
Nelson, Susan Sanger, Sue Santa, and President Robert Young. (Ron Latz arri ved at 7:20)
Also present were the Executive Director (Mr. Meyer); Economi c Development Coordinator
(Mr. Kleve); and Recording Secretary (Ms. Stroth).
3. Approval of Minutes
a. Economic Development Authority Minutes of February 5, 2001
It was moved by Commi ssioner Nelson, seconded by Commi ssioner Sanger, to approve the
EDA mi nutes of February 5, 2001. The motion passed 6-0.
b. Economic Development Authority Minutes of March 19, 2001
It was moved by Commi ssioner Nelson, seconded by Comm issioner Santa, to approve the
EDA minutes of March 19, 2001. The motion passes 6-0.
4. Approval of Agenda
a. Approval of agenda of April 16, 2001
President Young recommended an Executive Session be held on Item 7b "Acquisition of 4510
Excelsior Boulevard" and that Item 7b be moved to the end of the meeting.
It was moved by Comm issioner Jacobs, seconded by Commi ssioner Sanger, to approve the
agenda as amended. The motion passed 6-0.
5. Reports
a. Vendor Claims
It was moved by Commissioner Nelson, seconded by Commi ssioner Santa, to accept all
reports for filing. The motion passed 6-0.
6. Old Business - None
7. New Business
7a Mill City Grants. EDA Resolution No.'s 01-03 and 01-04
Mr. Kleve, Economic Development Coordinator presented a staff report.
President Young questioned if this request will compete with any other grant requests. Mr .
Kleve stated there are no other fund requests for clean-up being submitted at this time.
EDA Meeting Minutes -2-
It was moved by Comm issioner Santa, seconded by Commi ssioner Jacobs, to adopt EDA
Resolution 01-04 authorizing DTED Contami nation Cleanup Supplemental Grant application
and EDA Resolution No. 01-03 authorizing supplemental application for the Met Council
Tax Base Revitalization Account. The motion passed 6-0.
7c. Tax Increment Pledge Agreement. EDA Resolution No. 01-05
It was moved by Comm issioner Nelson, seconded by Commi ssioner Brimeyer, to adopt EDA
Resolution No. 01-05 authorizing execution of a Tax Increment Pledge Agreement with the
City of St. Louis Park relating to $7,650,000 Taxable General Obligation Tax Increment
Refunding Bonds, Series 2001A. The motion passed 6-0.
7b. Acquisition of 4510 Excelsior Boulevard
Discussion took place regarding adjourning to an Executive Session to discuss Item 7b
Acquisition of 4510 Excelsior Boulevard. Executive Director Meyers stated there is ongoing
litigation relative to this item.
It was moved by Commissioner Nelson, seconded by Comm issioner Jacobs to convene to an
Executive Session. The motion carried 6-0. The EDA meeting convened at 7:09.
The EDA meeting reconvened at 7:25 p.m. Commissioner Ron Latz arr ived at 7:24 p.m.
Mr. Kleve, Economic Development Coordinator presented a staff report.
President Young stated this is the final piece of property to be dealt with for the Park
Commons area.
It was moved by Commissioner Nelson, seconded by Comm issioner Jacobs to approve
acceptance of the Settlement Agreement and Release for the acquisition of the Stoilov
property at 4510 Excelsior Boulevard. The motion passed 6-1. Comm issioner Latz opposed.
8. Communications and Bills - None
9. Adjournment
President Young adjourned the meeting at 7:29 p.m.
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SCAN NED
AUh CITYOF
ST. LOuIS
PARK
O F FICIA L M IN U TES
EXE CU TIV E SE SSIO N
E C O N O M IC D E VE L O P ME N T AU TH O R ITY
ST . LO UI S PA R K , M IN NE SO TA
April 16, 2001
T he m eeting convened at 7:10 p.m .
1. R oll C all
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T he fo ll ow ing C om mi ssioners w ere present: C hris N elson, Sue Santa, Robert Young,
Jim B rim eyer; Sue Sanger, and M ayor Jeff Ja cobs.
O thers present: C harl es M eyer, E xecutive D irector; Jo e Y ung, Kennedy & Gra ven; Tom
K leve, E conomi c D evelopm ent C oordinator; and N ancy Stro th, Deputy C ity C lerk.
2. Executive session to discuss litigation surrounding acquisition of 4510
Excelsior Blvd.
3. Adjournment
It w as m oved by C ommi ssioner N elson, seconded by C omm issioner B rim eyer to adjourn
the E xecutive Session m eeting.
T he m eeting adjourn ed at 7:24 p.m .
President 5