HomeMy WebLinkAbout1999/09/21 - ADMIN - Minutes - Economic Development Authority - Regularr
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A~CITYOF
S T. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
September 21, 1999
1. Call to Order
President Young called the meeting to order at 7: 15 p. m.
2. Roll Call
The following Commissioners were present at roll call: Jim Brimeyer, Ron Latz, Jeff Jacobs,
Chris Nelson, Susan Sanger, Sue Santa, and President Robert Young.
Also present were the Executive Director (Mr. Meyer); Economic Development Coordinator
(Mr. Kleve); City Assessor (Mr. Stepnick); and Recording Secretary (Ms. Olson).
3. Approval of Minutes
a. Approval of Economic Development Authority minutes of September 7, 1999
meeting
The minutes were approved as presented.
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4. Approval of Agenda
4a. Approval of agenda of September 21, 1999 meeting
It was moved by Commissioner Jacobs, seconded by Commissioner Sanger, to approve the
agenda. The motion passed 7-0.
5. Reports
Sa. Vendor Claim Report
It was moved by Commissioner Jacobs, seconded by Commissioner Nelson, to accept the report
for filing. The motion passed 7-0.
6. Old Business - None
7. New Business
7a. Parkwood Shores Assisted Living Project -- Phase II
Mr. Kleve, Economic Development Coordinator, presented a brief staff report and recommended
approval He asked that a letter to Mark Ruff, Ehlers and Associates, Inc. from Hennepin County
Financial Analysis and Support Division commenting on the modification to the TIF be entered
into the public record.
EDA Minutes -2- September 21, 1999
It was moved by Commissioner Nelson, seconded by Commissioner Jacobs, to approve a
resolution adopting the modification to the Redevelopment Plan for Redevelopment Project No.
1 and adopting the modification to the Tax Increment Financing Plan for the Park Center
Boulevard Housing Tax Increment Financing District. The motion passed 7-0.
7b. EDA Land Sale at Southwest Corner of Highway 7 and Louisiana Avenue
Mr. Kleve, Economic Development Coordinator presented a brief staff report and recommended
approval.
It was moved by Commissioner Jacobs, seconded by Commissioner Santa, to adopt a resolution
authorizing the sale of EDA owned property located at the southwest corner of Highway 7 and
Louisiana Avenue to DRF L-7LLC subject to approval by the City Council of the 2nd reading of
an ordinance authorizing sale of said property to the EDA and subject to the terms of the
development agreement with DRF L- 7LLC. The motion passed 6-1. Commissioner Sanger
opposed.
7c. Amendment to Development Agreement - Parkwood Shores Assisted Living
Project
Mr. Kleve, Economic Development Coordinator presented a brief staff report and recommended
approval.
Commissioner Sanger asked who would be responsible if another shortfall developed in the
repayments.
Mr. Kleve indicated that the contract states that the developer would make up any shortfall.
Commissioner Nelson asked where in the contract the emergency service issues were addressed.
Mr. Meyer, Executive Director indicated that it was recommended that the issue be dealt with
along with final approval of the project redevelopment agreement.
It was moved by Commissioner Nelson, seconded by Commissioner Jacobs, to authorize the
President and Executive Director to execute the amended Development Agreement with
Silvercrest Properties relating to the Parkwood Shores Assisted Living Project. The motion
passed 7-0.
8. Communications and Bills - None
9. Adjournment
It was moved by Commissioner Nelson, seconded by Commissioner Sanger, to adjourn the
meeting at 7:30 p.m. The motion passed 7-0.
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