HomeMy WebLinkAbout2000/12/04 - ADMIN - Minutes - Economic Development Authority - RegularA~CITYOF
ST. LOUIS
PARK
SCANNED
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
DECEMBER 4, 2000
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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,
Susan Sanger, Sue Santa, and President Robert Young.
Also present were the City Manager (Mr. Meyer); Economic Development Coordinator (Mr.
Kleve); and Recording Clerk (Ms. Reichert).
3. Approval of Minutes
a. Approval of Economic Development Authority minutes of
November 20, 2000 meeting
The minutes were approved with the following correction. Delete Jim Brimeyer from
Item 2, Roll Call.
) 4. Approval of Agenda
4a. Approval of agenda of December 4, 2000 meeting
It was moved by Commissioner Jacobs, seconded by Commissioner Santa, to approve
the agenda. The motion passed 6-0.
5. Reports
Sa. Vendor Claims
It was moved by Commissioner-Latz, seconded by Commissioner Jacobs, to accept the
all reports for filing. The motion passed 6-0.
6. Old Business - None
7. New Business
7a. Approval of a Commercial Rehabilitation Loan (CRLP) for Superior Moulding
Corporation expansion
Mr. Kleve, Economic Development Coordinator presented a staff report and
recommended approval.
Mark Fredrickson, President of Superior Moulding was present to answer questions.
EDA M inutes -2- December 4, 2000
It was moved by Commissioner Jacobs, seconded by Commissioner Brimeyer, to
approve a Commercial Rehabilitation Loan in the amount of $50,000 to Mark and
Suzanne Fredrickson and authorize the President and Executive Director to enter into a
participation agreement with Anchor Bank for the financing of the project. The motion
passed 6-0.
7b. Annual Election of Economic Development Authority Officers
It was moved by Commissioner Latz, seconded by Commissioner Jacobs, to elect
Robert Young as President, Susan Sanger as Vice President, and Chris Nelson as
Treasurer. The motion passed 6-0.
8. Communications and Bills - None
9. Adjournment
President Young adjourned the meeting at 7:25 p.m. es
Executive Director President T