HomeMy WebLinkAbout1997/07/21 - ADMIN - Minutes - Economic Development Authority - RegularA~CITY O F
ST. LOUIS
PARK
SCANNr
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
July 21, 1997
1. C all to order
President Jacobs call the m eeting to order at 7:15 p.m .
2. Roll call
T he fo ll ow ing C omm issioners w ere present: Jeff Ja cobs, B everly Flan agan , Sue San ger, Ron Latz,
R obert Y oun g, Jim B rim eyer, an d M ayor G ail D orfm an .
A lso present w ere the Executive D irector (M r. M eyer); D eputy C ity M an ager (M s. Kutzler); C ity
A tt orn ey (M r. Scott); D irector of C omm unity D evelopm ent (Mr . Harm ening); Econom ic Developm ent
C oordin ator (Mr . An derson); C ity A ssessor (M r. Stepnick); C ity C lerk (M s. Larsen).
3. A ppro v al of m inut es of July 7, 19 97 m eeting
T h ere bein g no corr ections/additions, the m inutes w ere received as presented.
4. A ppro val of agenda for Ju ly 21, 1997
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It w as m ov ed by C om m issioner Sanger, seconded by C omm issioner Young, to appro ve the agenda.
T he m otion passed 7-0.
5. R eport s--N one
6. O ld bu sin ess
a. Modification of plans for Redevelopment Project No. 1 and the Excelsior Blvd.,
Oak Park Village and Highway 7 Tax Increment Financing Districts
Resolution EDA 97-09
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R equest to call public hearing regar ding pro posed adoption of m odifications to refe renced item s.
M r. An derson gave a briefr eport on this item . The essence of the pro posed am endm ent is to allocate
doll ar s to the R eill y Tar site rem ediation/cl eanup pro gram an d the W olfe Par k Im provem ent Project.
It w as m oved by C omm ission er Flanagan, seconded by C omm issioner Latz, to adopt Resolution EDA
97-09 entitled "R esolution of the Econom ic D evelopm ent A uthority of the City of St. Louis Park,
M inn esota requestin g the C ity C oun cil of the City of St. Louis Par k to call fo r a public heari ng on the
m od ifi cation of the redevelopm ent plan fo r R edevelopm ent Project N o. 1 an d the m odifi cation of the
T ax In crem ent Fin an cing plan s fo r the Excelsior Blvd., O ak Par k V ill age an d Highw ay 7 Tax
In crem ent Fin an cing D istricts."
T h e m otion passed 7-0.
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7. New business
a. Purchase of a single-family home at 3804 Princeton Ave. S.
Mr. Meyer said that at the last EDA meeting questions had been raised regarding the disparity between
the assessed price and the appraised price, and secondly, what can be expected with other properties in
that neighborhood regarding any disparity. He said Mr. Stepnick's report answered the question re the
appraisal. Also, his report said that numerous improvements had been made to the property since the
last interior inspection which accounts for the difference in price. Mr. Stepnick did not believe such a
situation would arise with other properties in the area.
Commissioner Flanagan asked if building permit requests were not cross-filed in the Assessor's office
so they would be aware of any improvements to be undertaken.
Mr. Meyer said building permits were cross-checked by Assessing. The nature of the improvements to
this property, for the most part, did not require building permits such as upgrade to cabinetry, new
flooring, etc.
It was moved by Commissioner Brimeyer, seconded by Commissioner Flanagan, to authorize the
President and Executive Director to enter into a purchase agreement with the seller and execute other
necessary documents to complete the acquisition.
The motion passed 7-0.
8. Communications and bills
a. Vendor claims
It was moved by Commissioner Flanagan, seconded by Commissioner Sanger, to approve the claims
and authorize payment.
Commissioner Flanagan asked what the claim from Aetna -- Cityscape Apartments -- $55,759.29
was for. Mr. Meyer said it was a pass-through revenue bond.
The motion passed 7-0.
9. Adjournment
The meeting adjourned at 7:29 p.m. on a motion by Commissioner Brimeyer, seconded by
Commissioner Young, which passed 7-0.
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