HomeMy WebLinkAbout2000/08/07 - ADMIN - Minutes - Economic Development Authority - RegularAUh CITYOF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
AUGUST 7, 2000
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 City Manager (Mr. Meyer); Economic Development Coordinator (Ms.
McGann); and Recording Secretary (Ms. Olson).
3. Approval of Minutes
a. Approval of Economic Development Authority minutes of July 17, 2000
meeting
The minutes were approved as presented.
4. Approval of Agenda
a. Approval of agenda of August 7, 2000 meeting
It was moved by Commissioner Jacobs, seconded by Commissioner Nelson, to approve the
agenda. The motion passed 7-0.
) Reports
a. Vendor Claims
It was moved by Commissioner Jacobs, seconded by Commissioner Nelson, to accept the all
reports for filing. The motion passed 7-0.
5.
6. Old Business - None
7. New Business
a. CSM Development Agreement Amendment
Tom Kleve, Economic Development Coordinator presented a staff reported and recommended
approval subject to any technical changes which the attorneys might agree to.
It was moved by Councilmember Sanger, seconded by Councilmember Jacobs, to approve the
First Amendment to Contract for Private Redevelopment between the City of St. Louis Park, the
Economic Development Authority, and CSM Hospitality, Inc., subject to any technical changes
which the attorneys might agree to. The motion passed 7-0.
b. Rottlund Development Agreement Amendment
It was moved by Councilmember Sanger, seconded by Councilmember Jacobs, to approve the
First Amendment to Contract for Private Redevelopment between the City of St. Louis Park, the
Economic Development Authority, and the Rottlund Company, Inc., subject to any technical
changes which the attorneys might agree to. The motion passed 7-0.
EDA Minutes -2- August 8, 2000
c. MSP Real Estate Development Agreement Amendment
Tom Kleve, Economic Development Coordinator presented a staff report and stated that the
changes included moving the loan closing deadline from July 1, 2000 to October 1, 2000 and for
the EDA to release grant funds when the financing comm itment is in although they have not
closed on the City parcel and that the TIF note not be issued on October 1, 2000.
It was moved by Councilmember Santa, seconded by Councilmember Latz, to adopt the Second
Am endment to the Contract for Private Redevelopment between the City of St. Louis Park, the
Economic Development Authority and MSP SLP Apartments, LLC. The motion passed 7-0.
8. Communications and Bills - None
9. Adjournment
It was moved by Comm issioner Jacobs, seconded by Comm issioner Brimeyer, to adjourn the
meeting at 7:26 p.m. The motion passed 7-0.
4±Ff 9