HomeMy WebLinkAbout1999/03/15 - ADMIN - Minutes - Economic Development Authority - RegularA~CITY OF
ST. LOUIS
PARK
OFFICIAL MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
March 15, 1999
1. Call to Order
President Jacobs called the meeting to order at 7:20 p.m.
2. Roll Call
The following Commissioners were present at roll call: Gail Dorfman, Chris Nelson, Susan
Sanger, Jim Brimeyer and President Jeff Jacobs.
Also present were the Executive Director (Mr. Meyer); City Attorney (Andrea); Economic
Development Coordinator (Mr. Anderson); Director of Community Development (Mr.
Harmening); and Recording Secretary (Ms. Olson).
3. Approval of minutes of March 1, 1999 meeting
The minutes were approved as presented.
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4. Approval of agenda
4a. Approval of agenda of March 15, 1999 meeting
It was moved by Commissioner Nelson, seconded by Commissioner Sanger, to approve the
agenda. The motion passed 5-0.
5. Reports
Sa. Vendor Claim Report
It was moved by Commissioner Nelson, seconded by Commissioner Sanger, to accept the report
for filing. The motion passed 5-0.
6. Old Business - None
7. New Business
7a. Southwest Corner of Highway 7 and Louisiana Avenue Medical Office
Development Proposal; Review of Project Business Points
Mr . Anderson, Economic Development Coordinator, presented a brief overview of the project.
C ommi ssioner B ri m eyer asked if thi s project w ould be com pleted to accomm odate the origin al
request fr om the doctors' gr oup.
T he doctors' gr oup in dicated that the project w as still plann ed as origin all y pro posed.
C ommi ssioner S anger stated that she w ould lik e to see a m edical offi ce buildin g, but w as
concern ed that thi s project requir es a signi fican t am ount of C ity m oney. She believed that the
project vi olates C ity bill boar d policy an d w as opposed to the project.
C ommi ssioner N elson stated that he appreciated C ommi ssioner San ger's concern an d shar ed them
wi th regar d to bill boar ds in general , but on thi s part icular project a polluted site w as bein g
redeveloped an d businesses in the ar ea retai ned. H e stated that if the bill boar d w as rem oved,
there w ould be a gr eater fu ndin g gap. H e asked staff to clari fy the part icipation option as it
related to fo recl osure.
Mr. An derson, E conomi c D evelopm ent C oordinator stated that the goal w as to secure the loan
port ion either thr ough a second m ort gage or a com bin ation of m ort gage an d personal gu ar antee
by the general part ner an d that a part icipation option w ould be treated differently.
It w as m ov ed by C ommi ssioner N elson, seconded by C ommi ssioner B rim eyer, appro vi ng the
prelimin ary business points fo r the devel opm ent of a m edical offi ce building an d restauran t at the
southw est corn er of Hi ghw ay 7 an d L ouisian a Aven : an d authorizi ng staff to begi n negotiatin g a
developm ent agreem ent wi th the developer. The m otion passed 4-1. Councilm em ber San ger
oppo sed.
7b. Purchase of Single Family Home at 3754 Ottawa Avenue South (Gravell
Property)
C ommi ssioner S anger questioned the lar ge discrepancy betw een the pur chase pri ce of the
pro pert y and the assessed evaluation of the pro pert y.
Mr. An derson stated that the m ar ket evaluations have been quite a bit hi gh er than the assessed
eval uations an d there is an attem pt to try to have them al igned.
It w as m oved by C ommi ssioner N elson, seconded by C ommi ssioner B ri m eyer, to authoriz e the
President and E xecutive D irector to enter into a pur chase agr eem ent fo r the pro perty at 3754
O ttaw a Avenue So uth an d to execute al l necessary docum ents to com plete the acquisition. The
m otion passed 5-0.
8. Communications and Bills - None
9. Adjournment
It w as m oved by C ommi ssioner N elson, seconded by C on
m eeting at 7:2 9 p.m . T he m otion passed 5-0. L A~ d/ ~ -P-r--1-s-id---+t,,___.,,_ _ _,_--1-.---..c::..-----