HomeMy WebLinkAbout1997/07/07 - ADMIN - Minutes - Economic Development Authority - RegularAUhCITY O F
ST. L O UIS
PARK
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST LOUIS PARK, MINNESOTA
July 7, 1997
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: Jeff Jacobs, Beverly Flanagan, Sue
Sanger, Ron Latz, Robert Young, Jim Brimeyer and Gail Dorfman.
Also present were the Executive Director (Mr. Meyer); Deputy City Manager (Ms. Kutzler); City
Attorney (Mr. Scott); Director of Community Development (Mr. Harmening); City Clerk (Ms.
Larsen).
3. Approval of minutes -June 16. 1997 meeting
There being no corrections/amendments, the minutes were approved as presented.
4. Approval of agenda for July 7, 1997
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It was moved by Commissioner Dorfman, seconded by Commissioner Sanger to approve the
agenda. The motion passed 7-0.
5. Reports - None
6. Old business - None
7. New business
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a. Purchase of single-family home at 3804 Princeton Ave. So.
Mr. Harmening reported that this property is within the City's Town Center project. Currently
three single-family homes have been acquired in this same area with an additional three property
owners having contacted the City declaring their interest in being acquired by the EDA.
Commissioner Young referenced the purchase price of $130,000. He noted the assessed value
was $91,000 and asked the reason for the disparity.
Mr. Harmening responded that not long after the property was purchased, the owners put a
substantial amount of money into the home -- extensive remodeling, added on the garage, and
various other improvements that increased its value. He was not sure when the pro perty had last
been appra ised by the City Assessor's office. The appraisal referenced in the report was done by
an independent appraiser.
Comm issioner Youn g would prefer to defer this item un til info rm ation on the dispari ty betw een
pur chase price an d appraisal could be pro vided to the Authority.
It was moved by Commissioner Flanagan, seconded by Commissioner Young, to defer any
action until the July 21, 1997 EDA meeting.
The motion passed 6-1 (Commissioner Brimeyer opposed).
8. Communications and bills
a. Vendor claims
It was moved by Commissioner Sanger, seconded by Commissioner Brimeyer, to approve and
authorize payment.
The motion passed 7-0.
9. Adjournment
The meeting adjourned at 7:29 on a motion by Commissioner Dorfman, seconded by
Commissioner Brimeyer which passed 7-0.
/Executive Director7