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HomeMy WebLinkAbout1999/09/07 - ADMIN - Minutes - Economic Development Authority - Regular) J ArthCITYOF ST. LOUIS PARK OFFICIA L M IN UTES ECONOMIC DEVELOPMENT AUTHORI TY ST. LOUIS PARK , M IN NESOTA September 7, 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: Jeff Jacobs, Chris Nelson, Susan Sanger, Sue Santa, and President Robert Young. Commissioner Brimeyer arrived at 7:26 p.m. Also present were the Executive Director (Mr. Meyer); Economic Development Coordinator (Mr. Anderson); Director of Public Works (Mr. Rardin); and Recording Secretary (Ms. Olson). ) ) n 3. Approval of Minutes a. Approval of Economic Development Authority minutes of August 16, 1999 meeting The minutes were approved as presented. b. b. Approval of Economic Development Authority minutes of August 23, 1999 special meeting The minutes were approved as presented. 4. Approval of Agenda 4a. Approval of agenda of September 7, 1999 meeting It was moved by Commissioner Santa, seconded by Commissioner Jacobs, to approve the agenda. The motion passed 5-0. 5. Reports 5a. Vendor Claim Report EDA Minutes -2- September 7, 1999 It was moved by Commissioner Jacobs, seconded by Commissioner Sanger, to accept the report for filing. The motion passed 5-0. 6. Old Business - None 7. New Business 7a. Contract for Environmental Assessment Worksheet (EAW) and Indirect Source Permit (ISP) for Phase I of Park Commons Mr. Meyer, City Manager introduced Tom Kleve who was present and will be the City's new Economic Development Coordinator beginning the following week. Mr. Anderson, Economic Development Coordinator presented a brief staff report. It was moved by Commissioner Jacobs, seconded by Commissioner Nelson, to authorize the President and Executive Director to enter into a contract with Ingraham and Associates to complete the EAW and ISP for a cost not to exceed $33,325. The motion passed 6-0. 7b. Approval of Grant Agreements and Contract for Private Redevelopment Relating to Fern Hill Place, 5101 Minnetonka Boulevard Mr. Anderson, Economic Development Coordinator presented a brief staff report and noted that the Commission was being asked to take the first action by approving the resolution that was circulated subsequent to the staff report. Commissioner Sanger asked what would happen in the event that the environmental pollution that needs to be remediated turns out to be significantly greater than what is currently anticipated for this project, and who pays for it and does the City have any liability under those circumstances. Mr. Anderson indicated that the developer would be responsible for those additional costs. One option they may have would be to delay the project, request an extension from the granting agencies and the EDA to attempt to find additional funding sources. The legal agreement states that the City assumes no liability for the contamination that is known or any contamination that is found that is unknown. Commissioner Sanger asked what would happen if the developer didn't complete the project. Mr. Anderson indicated that according to the grant agreements the developer would be tied into repaying those funds and if they didn't follow through with the project it is a default of the contract, therefore there would be an obligation on their part to repay grant proceeds that they received. Commissioner Nelson asked if the City was in any way a guarantor of those obligations. E D A M inutes -3- Septem ber 7, 1999 ·A ' EE ssalibi ; I Mr. An derson indicated that the C ity w as basically passing on all the requirem ents that the State and the M etro politan C ouncil im posed under their gra nt pro gra m on to the developer and that the C ity w as not obligated financially in any w ay. It w as m oved by C om m issioner N elson, seconded by C om m issioner Sanger, to appro ve a resolution and authorize the President and Executive D irector to execute the gra nt agreem ents w ith the M etro politan C ouncil and the M innesota D epart m ent of T ra de and E conom ic D evelopm ent relating to the Fern H ill Place project at 5101 M innetonka B lvd. The m otion passed 5-0. It w as m oved by C om m issioner N elson, seconded by C om m issioner Santa, to authorize the President and E xecutive D irector to execute a contra ct fo r private redevelopm ent betw een the St. L ouis Park E conom ic D evelopm ent Authority and the developer of the Fern Hi ll Place project. The m otion passed 6-0. 8. C om m unications and B ills - N one 9. A djo urn m ent It w as m oved by C om m issioner N elson, seconded by C omm issioner Sanger, to adjourn the m eeting at 7:2 7 p.m. The m otion passed 6-0. ' ) £' t-- l -?