HomeMy WebLinkAbout1997/05/05 - ADMIN - Minutes - Economic Development Authority - RegularMI S o s
Ill "
)
I
M IN U T E S
E C O N O M IC D E V E L O P M E N T A U T H O RI T Y
ST . L O U IS P ARK , MI NNE SO T A
May 5, 1997
I . 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, and Mayor Gail Dorfman.
Also present were the Executive Director (Mr. Meyer) City Attorney (Mr . Scott); Deputy City
Manager (Ms. Kutzler); Economic Development Coordinator (Dave Anderson); Finance Director
(Ms. McBride); Planning Coordinator (Ms. Erickson).
3. Approval of minutes of April 28, 1997
There being no corrections/amendments the minutes were accepted as presented.
4. Approval of agenda for May 5, 1997
'» It was moved by Commissioner Sanger, seconded by Commissioner Dorfman, to approve the agenda.
The motion passed 7-0.
)
5. Reports- None
6. Old business -None
7. New business
a. Proposed resolution to authorize reimbursement to City's Water Utility for
past costs associated with clean-up of contamination at Reilly Tar site
Resolution 97-06
Ms. McBride noted that the transfer referred to in staffs report would actually be reduced by
$900,000.
Commissioner Flanagan assumed the money being transferred would be dedicated and not used for
anything else unless Council action so dictates and inquired whether the S4 million paid by Reilly
included the settlement reached with Reilly.
Ms. McBride said when the transfer is accomplished, there will be a reserve set up in the Water
Utility and any transactions thereafter would need Council approval.
1
In answer to Commissioner Flanagan's second question, Mr. Meyer responded the Consent Decree
set up $1 million to be contributed by Reilly for the purposes of operation/maintenance. In addition,
Reilly took on certain capital obligations which he believed were not dollar amounts, rather estimates
at that time, but in round figures amounting to approximately $3 million. The records indicate that th
City acknowledged it had some continuing obligation for the operation of all parts of the remediation
project. It was anticipated the City would have costs over the 30-year life of the Consent Decree but it
was not anticipated those costs would have been used up within the first 10 years. Future transfers
will be reviewed annually.
Commissioner Brimeyer indicated he would be interested to see what the projections were vs. how
they actually turned out. He believed some capital costs had occurred which were not anticipated in
1985-86.
It was moved by Commissioner Brimeyer, seconded by Commissioner Sanger, to adopt Resolution
97-06 entitled "Resolution to authorize the reimbursement to the City's Water Utility Fund of costs
associated with the cleanup of contamination at the former Reilly Tar site."
The motion passed 7-0.
8a. Communications and bills
a. Vendor claims
It was moved by Commissioner Brimeyer, seconded by Commissioner Young, to approve and
authorize payment. The motion passed 7-0.
b. March financial report
It was moved by Commissioner Brimeyer, seconded by Commissioner Latz, to approve and receive
for filing. The motion passed 7-0.
9. Adjournment
The meeting adjourned at 7:30 on a motion by Commissioner Latz, seconded by Commissioner
Young which passed 7-0.
2