HomeMy WebLinkAbout2000/07/05 - ADMIN - Minutes - Economic Development Authority - RegularAUA CITYOF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
July 5, 2000
1. Call to Order
President Young called the meeting to order at 7: 10 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.
Chris Nelson arrived at 7: 17 p.m.
Also present were the Executive Director (Mr. Meyer); Economic Development Coordinator
(Mr. Kleve); EDA Attorney (Mr. Lindall); Planning Manager (Ms. Jeremiah); Director of
Community Development (Mr. Harmening); and Recording Secretary (Ms. Olson).
3. Approval of Minutes
a. Approval of Economic Development Authority minutes of June 19, 2000
meeting
The minutes were approved as presented.
4. Approval of Agenda
4a. Approval of agenda of July 5, 2000 meeting
It was moved by Commissioner Jacobs, seconded by Commissioner Sanger, to approve the
agenda. The motion passed 6-0.
5. Reports
Sa. Vendor Claim Report
It was moved by Commissioner Jacobs, seconded by Commissioner Latz, to accept the report for
filing. The motion passed 6-0.
6. Old Business - None
7. New Business
7a. Amend the Preliminary Development Agreement for Park Commons
developer
EDA M inutes -2- July 5, 2000
M r. Kleve, Economic Development Coordinator presented a staff report and recomm ended
approval.
Representatives of TOLD Development Com pany were present for questions.
M s. Jerem iah, Planni ng M anager described the pro cess that led to the decision of the new
developer.
It was moved by Commissioner Nelson, seconded by Commissioner Jacobs, to approve the
Second Amendment to the Amended and Restated Preliminary Development Agreement
between TOLD Development Company, the City, and the EDA relating to the Park Commons
East redevelopment project. The motion passed 7-0.
7b. Acquisition of Jennings Properties - 4600, 4608 & 4630 Excelsior Boulevard
Mr. Harmening, Director of Community Development presented a brief staff report.
Mr. Brimeyer asked if the appraisal factored in the cost of waiver of going concern and waiver of
relocation.
Mr. Harmening indicated that it did not.
It was moved by Commissioner Nelson, seconded by Commissioner Brimeyer, to authorize the
execution of a Purchase Agreement for the Red Coach property and an Option Agreement for
Gippers/O'Tooles and Liquor Store. The motion passed 7-0.
8. Communications and Bills - None
9. Adjournment
It was moved by Commissioner Jacobs, seconded by Commissioner Santa, to adjourn the
meeting at 7:26 p.m. The motion passed 7-0.
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