HomeMy WebLinkAbout2000/11/06 - ADMIN - Minutes - Economic Development Authority - RegularA(/n CITYOF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
NOVEMBER 6, 2000
1. Call to Order
President Young called the meeting to order at 7 :00 p.m.
2. Roll Call
The following Commi ssioners 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 City Manager (Mr. Meyer); EDA Attorney (Mr. Lindahl); Economi c
Development Coordinator (Mr. Kleve); Director of Comm unity Development (Mr.
Harmening); and City Clerk (Ms. Reichert).
3. Approval of Minutes
a. Approval of Economic Development Authority minutes of
October 16, 2000 meeting
)
The mi nutes were approved with the following correction. Item 2 Change "arrived at
7: 17 p.m." to "arrived at 7:27 p.m."
4. Approval of Agenda
4a. Approval of agenda of November 6, 2000 meeting
It was moved by Commi ssioner Jacobs, seconded by Commi ssioner Santa, to approve
the agenda. The motion passed 7-0.
5. Reports
Sa. Vendor Claims
It was moved by Commi ssioner Brimeyer, seconded by Commi ssioner Nelson, to accept
the all reports for filing. The motion passed 7-0.
6. Old Business - None
7. New Business
7a. Acquisition of 4520 Excelsior Boulevard
Mr. Kleve, Economi c Development Coordinator presented a staff report and
recomm ended approval.
EDA Minutes -2- November 6, 2000
It was moved by Councilmember Latz, seconded by Councilmember Jacobs, to
authorize the execution of a Purchase Agreement for the property at 4520 Excelsior
Boulevard. The motion passed 7-0.
7b. Rottlund TIF Note
Mr. Kleve, Economic Development Coordinator presented a staff report and
recomm ended approval.
It was moved by Councilmember Sanger, seconded by Councilmember Santa, to
approve EDA Resolution No. 00-16 Awarding the Sale of, and providing the Form ,
Term s, Covenants, and Directions for the Issuance of its $1,395,547 Tax Increment
Revenue Note, Series 2000C. The motion passed 7-0.
7c. Purchase of Railroad Property"
Mr . Kleve, Economic Development Coordinator presented a staff report. Staff has been
concerned about agreeing not to sue for any claims arising out of any environmental
law. The railroad will not negotiate this issue. Staff believes that this risk can be
mi nimi zed by having an environmental consultant take samples on the property.
Rottlund agreed to pay for the expense of having Braun Intertec Corporation do the
environmental testing.
Councilmember Sanger asked if the testing comes back showing contami nation, would
that be grounds for the EDA to termi nate the purchase agreement.
Mr. Kleve stated that if the testing comes back showing contami nation, the EDA could
termi nate the purchase agreement. If no contami nation shows up the EDA would
proceed to closing.
It was moved by Councilmember Sanger, seconded by Councilmember Brimeyer, to
authorize the execution of a Purchase Agreement for the property at 6024 W . 16 Street.
The motion passed 7-0.
8. Communications and Bills - None
9. Adjournment
President Young adjourned the meeting at 7:29 p.m.
President