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HomeMy WebLinkAbout1998/09/22 - ADMIN - Minutes - Economic Development Authority - RegularSCANN ED A~CITYOF ST. LOUIS PARK OFFICIAL MINUTES ECONOMIC DEVELOPMENT AUTHORITY ST.LOUISPARK,MINNESOTA September 22, 1998 ) ) J 1. Call to Order President Jacobs called the meeting to order at 7:00 p.m. 2. Roll Call The followin g Commi ssioners were present at roll call: Jeff Jacobs, Chri s Nelson, Sue San ger, Ron Latz, Robert Young, Jim Brim eyer and Mayor Gail Dorfin an . Also present were the Executive Director (Mr . M eyer), City Attorney (Mr . Lindall), Direct or of Comm unity Development (Mr . Harm ening), and Economi c Development Coordinator (Mr . An derson). 3. Approval of minutes of September 8, 1998 meeting W ith a min or correction, the mi nutes were approved as presented. 4. Approval of agenda of September 18, 1998 meeting It was moved by Commi ssioner Nelson, seconded by Commi ssioner Young, to accept the report for filin g. The motion passed 7-0. 5. Reports - None 6. Old Business - None 7. New Business 7a. Purchase of Single Family Home at 3800 Princeton Ave. S. (Segal/Cook Property) Commi ssioner Brim eyer asked staff to clarify relocation benefits. Mr. An derson explain ed paym ent inform ation and noted an error in the staff report. It was moved by Commi ssioner Nelson, seconded by Commi ssioner Brim eyer, to authoriz e the President and Executive Director to enter into a purchase agreement for the property at 3800 Princeton A venue S and to execute all necessary documents to complete the acquisition. The motion passed 7-0. 7b. Purchase of Single Family Home at 3700 Ottawa Ave. S. (Pickett Property) It was moved by Commi ssioner Nelson, seconded by Commi ssioner San ger, to authoriz e the President and Executive Director to enter into a purchase agreement for the property at 3755 Ottawa A venue S and to execute all necessary documents to complete the acquisition. Th e motion passed 7-0. 7c. Purchase of Commercial Property at 4730 Excelsior Boulevard; Bunny's Bar and Grill Mr . An derson, Economi c Development Coordinator presented a background and summ ary of the tran saction. Commi ssioner San ger asked staff to explain the process involved and how this process would not be used to compare other sales. Mr . Lindall, EDA Attorney explain ed the factors involved in deciding to enter into a stipulation of settlement agreement. Commi ssioner Brim eyer questioned what would happen if the property own er went out of business before the City took possession. Mr . Lindall indicated that either party upon 30 days notice could termi nate the month to month lease an d at anytim e thereaft er the EDA could remove the im provements. He indicated that there was a provision that the seller had asked the EDA to agree that they would not rent or use the existing property fo r either a bar or restaurant aft er acquiring the title and prior to the removal of the improvements. Commi ssioner Dorfin an asked if the City was in a position to sell the property would the new property own er be precluded from the provision. Mr . Lindall indicated that the new property own er would be bound by this restriction of its continuing use. Comm issioner Latz noted that Paragraph 2.21 of the agreement only indicated that the EDA would not rent the property for a bar or restaurant, but appeared to indicate if the City chose to sell it to a third part y there would be no continuing restrictions. Commi ssioner Nelson comm ented that Bunn y's was not closing and encouraged residents to continue to patronize the establishm ent. He noted that Bunn y's had supported a great number of sport and league team s and was a great member of the St. Louis Park Comm unity. It was moved by Commi ssioner Nelson, seconded by Commi ssioner Dorfin an, to authoriz e the President and Executive Director to enter into a stipulation of settlement agreement for the property at 4730 Excelsior Boulevard and to execute all necessary documents to complete the acquisition. The motion passed 7-0. 7d. Department of Trade and Economic Development Redevelopment Grant Program Application " Resolution #98-03 Mr . An derson, Economi c Development Coordinator presented a summ ary of the staff report. Commi ssioner San ger asked if the City could use this program to apply for funds to buy the site where the billboard was located. \ I SCANNED Mr. Anderson stated that this could be considered and that a component of that site would be included in this application for acquisition. Commission Latz was opposed to using public funds to purchase the billboard and asked staff to clarify the status of the project and the billboard. Mr. Anderson clarified that the City could apply for funds for land acquisition and because the !and was part of the project area, there was a need to stimulate the redevelopment. The 1pplication was needed to move the project forward, but not necessarily the acquisition of the billboard. He clarified the status of the project and stated that the billboard site still needed to be acquired. Commissioner Young stated that he was in favor of approving the resolution because it made sense to go forward with the grant, but he was not in support of the underlying project and thought it was a bad deal for everybody concerned. It was moved by Commissioner Latz, seconded by Commissioner Nelson, to approve a resolution authorizing the President and Executive Director to apply to the Department of Trade and Economic Development Redevelopment Grant Program to aid in the redevelopment of the site at the southwest comer of Highway 7 and Louisiana A venue and to execute all necessary contracts and documents to complete the grant program requirements. The motion passed 7-0. 8. Communications and Bills ' ) J a. Vendor Claims It was moved by Commissioner Nelson, seconded by Commissioner Brimeyer, to approve and authorize payment. The motion passed 7-0. b. School Board Update Mr. Anderson, Economic Development Coordinator briefly summarized discussions with the School Board regarding tax abatement. 9. Adjournment It was moved by Commissioner Jacobs, seconded by Commissioner Sanger, to adjourn the meeting at 7:25 p.m. The motion passed 7-0. l ?