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A~C IT Y O F
ST. L O UIS
PARK
O F FICIAL M IN UTES
E C O N O M IC D E VE L O P ME N T AU TH O RI TY
ST . L O U IS PAR K , M IN NESO TA
M ay 15, 2000
1. C all to O rder
President Young called the meeting to order at 7: 15 p.m.
2. R oll C all
The following Commissioners were present at roll call: Jim Brimeyer, Jeff Jacobs, Ron Latz,
Chris Nelson, Susan Sanger, Sue Santa, and President Robert Young.
Ron Latz arrived at 7:20 p.m.
Also present were the Executive Director (Mr. Meyer); Economic Development Coordinator
(Mr. Kleve); Director of Community Development (Mr. Harmening); and Recording Secretary
(Ms. Olson).
3. A pp roval of M inutes
a. A pp roval of E conom ic D evelop m ent A uthority m inutes of M ay 1, 2000
m eeting
The minutes were approved as presented.
) 4. A pproval of A genda
4a. A pp roval of agenda of M ay 15, 2000 m eeting
It was moved by Commissioner Jacobs, seconded by Commissioner Santa, to approve the
agenda. The motion passed 6-0.
5. R eports
Sa. V endor C laim R eport
It was moved by Commissioner Jacobs, seconded by Commissioner Sanger, to accept the report
for filing. The motion passed 6-0.
6. O ld B u sin ess - N one
7. N ew B usiness
7a. F rauensh uh D evelopm ent C on tract A m endm ent
Mr . Kleve, Economic Development Coordinator presented a staff report.
Mayor Jacobs asked what would happen if the EDA didn't grant the amendment as requested.
ED A M inutes -2- M ay 15, 2000
Mr. Kleve stated that this would put Fra uenshuh in defa ult because they didn't m eet the
constru ction start date and that would in tum would kick in som e provisions within the
developm ent agreem ent which could essentially kill the project.
Mr . H arm ening explained that the overa ll goal of the developer was to develop the land.
C ommi ssioner L atz asked if there w as any other developers interested in the land.
Mr. Kleve stated that there was no other active interest.
Mr . H arm ening stated that this pro bably was the case because there was a sign on the property
that stated that the land was under contra ct and constru ction would begin in 2001. H e suspected
that if the C ity actively m arketed the pro perty there would be other developer interest.
C omm issioner L atz asked staff to clarify the date changes in para gra ph 3 of the am endm ent. H e
stated that he would not be in favor of any additional extension requests in the fu ture.
It was moved by C omm issioner Ja cobs, seconded by Commi ssioner Santa, to approve the First
Am endm ent to C ontra ct fo r Private Redevelopm ent between the City of St. Louis Park, the
Economi c D evelopm ent Authority, and D RF L-7 LLC. The m otion passed 7-0.
7b. Excelsior Boulevard Corridor Traffic Study
Mr. H arm ening, Director of Comm unity D evelopm ent presented a staff report explaining the
thr ee com ponents of Phase I of the contra ct with BRW , Inc: Com ponent I- Compilation of
Previous Studies, C om ponent II - Public In put and Com ponent III- Scoping Report and the
pro posed budget fo r all three com ponents.
C ommi ssioner L atz em phasized that there would plenty of opportunity fo r any residents to have
input in the public input of the pro cess.
It was moved by C ommi ssioner N elson, seconded by Commi ssioner Ja cobs, to authorize
execution of a contra ct with BRW, Inc. fo r the Excelsior Boulevard Corri dor Tra ffi c Study with
the understanding that only work relating to the analysis and com pilation of previous tra ffi c
studies and other data is authorized at this tim e. The m otion passed 7-0.
8. Communications and Bills - None
9. Adjournment
It was moved by C omm issioner Ja cobs, seconded by Commi ssioner Latz, to adjourn the m eeting
at 7:33 p.m . The motion passed 7-0.
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