HomeMy WebLinkAbout1997/06/02 - ADMIN - Minutes - Economic Development Authority - RegularAUhCITYOF
ST. LOUIS
PARK
SCANNED
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
June 2, 1997
1. Call to order
President Jacobs called the meeting to order at 7:15 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, Mayor Gail Dorfman.
Also present were the Executive Director (Mr. Meyer); Deputy City Manager (Ms. Kutzler); City
Attorney (Mr. Scott); Director of Comm unity Development (Mr. Harmening); Economic
Development Coordinator (Mr. An derson); Planning Coordinator (Ms. Jeremiah); City Clerk
(M s. Larsen).
3. Approval of minutes of May 19, 1997 meeting
There being no amendments/additions to the minutes, they were approved as presented.
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4. Approval of agenda for June 2, 1997
It was moved by Comm issioner Sanger, seconded by Commissioner Young, to approve the
agenda. The motion passed 7-0.
5. Reports -- None.
6. Old business
a. Commercial Rehabilitation Loan Program
Resolution EDA 97-07
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Mr. Anderson made a few brief comments about the program, i.e. the purpose is to attract new
investment in commercial properties, encourage sound building improvements, to retain business
activity as well as to improve the business capacity oflocal business centers. -- all of the
fo regoing consistent with the City's Strategic Plan.
Commissioner Dorfman asked about flexibility vis-a-vis targeted businesses during the first year
of the program.
Mr. Anderson responded that one of the guidelines of the targeting strategy is that a number of
properties in the area may have some interest in the program presuming that interest was not just
equivalent to the amount of funds available and that there was some flexibility in looking at other
areas in addition.
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Commissioner Dorfman noted the HUBE (Historically Underutilized Business Enterprises)
language and asked if it occurred anywhere else.
Mr. Anderson responded that was a creative touch staff came up with, it was not required
language.
Councilmember Sanger asked for clarification in that in future years the targeting will not
necessarily be to the same business districts.
Mr. Anderson said that was correct and as redevelopment areas are evaluated in the future, the
program certainly could be expanded.
In answer to a question from President Jacobs, Mr. Anderson said the funding was coming from
the City's Development Fund which was created in 1996.
It was moved by Commissioner Brimeyer, seconded by Comm issioner Young, to adopt
Resolution EDA 97-07 entitled "Resolution approving the Comm ercial Rehabilitation Loan
Program, approving program documents, allocating $250,000 in funding to the program for
1997, establishing a program target area and authorizing the President and Executive Director of
the EDA to execute the program, subject to approval by the St. Louis Park City Council."
The motion passed 7-0.
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7.
8.
New Business -- None
Communications and Bills
a. Vendor claims
It was moved by Commissioner Dorfman, seconded by Comm issioner Sanger, to approve and
authorize payment. The motion passed 7-0.
b. Financial report - April 1997
It was moved by Comm issioner Dorfman, seconded by Comm issioner Sanger, to approve and
receive for filing.
9. Adjournment
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The meeting adjourned at 7:25 on a motion by Commissioner Latz, seconded by Comm issioner
Plana n. .,-~
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