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HomeMy WebLinkAbout1996/12/16 - ADMIN - Minutes - Economic Development Authority - RegularA(fhCITYOF ST. LOUIS PARK \ \ l sCANNEI M INUTES ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA December 16, 1996 1. Call to order President Jacobs called the meeting to order at 7:00 p.m. 2. Roll call The following Commissioners were present at roll call: Jeff Jacobs, Jeff Appelquist, Sue Sanger, Ron Latz, Robert Young, Gail Dorfman and Jim Brimeyer Also present were the Executive Director (Mr. Meyer); Deputy City Manager (Ms. Kutzler); City Clerk (Ms. Larsen); Director of Comm unity Development (Mr Harmening); Economic Development Coordinator (Mr. Anderson); Finance Director (Ms. McBride) and City Attorney (Mr. Steilen). 3. Approval of minutes of December 2 minutes There being no amendments or corrections, the minutes were approved as presented. l ) 4. Approval of agenda It was moved by Comm issioner Appelquist, seconded by Commissioner Latz, to approve the agenda for December 16. The motion passed 7-0. 5. 6. Reports None Old business a. Contract for private redevelopment between the St. Louis Park Economic Development Authority and Park Shore Assisted Living Resolution EDA 96-11 Mr. Anderson briefly reviewed this item including minor amendments to the resolution. A second action being requested in addition to passage of the resolution of approval would be to approve the plans that are before the Authority. It was moved by Commissioner Young, seconded by Commissioner Latz, to adopt Resolution EDA 96- 11 entitled "Contract for private redevelopment between the St. Louis Park Economic Development Authority and Park Shore Assisted Living" The motion passed 6-1 (Comm issioner Sanger opposed). b. EDA vs Wilkins Pontiac, Inc., et al Mr Steil en clarified for the Authority the language contained in the Release portion of the Agreement. SCANNED \ \ I Commissioner Latz commented that it appeared the EDA's costs oflitigation were covered by the payments that will be received from the three defendants. Mr. Meyer said that was correct. In answer to a question from Commissioner Dorfman as to what sort of legal battle would ensue if the Authority does not authorize execution of the settlement agreement and release, Mr. Steilen said Mr. Popham, who has been conducting the litigation, feels confident he will prevail in that the three defendants are responsible for the contamination and the City is not. The Statute provides that the court may award attorneys' fees and Mr. Popham believes they will in this case. He believed what remained would be trial work and he did not know what that would mean in terms of time. Commissioners Sanger, Latz and Young expressed their concerns that this settlement and release were not in the best interests of the City and that they would be opposing it. It was moved by Commissioner Brimeyer, seconded by Commissioner Appelquist to authorize the Executive Director and EDA President to execute the settlement agreement and release. The motion passed 4-3 on a roll call vote (Commissioners Sanger, Latz and Young opposed). 7. New business a. Proposed EDA budget for 1997; Revised budget for 1996 1 O It was moved by Commissioner Sanger, seconded by Commissioner Young, to approve the proposed EDA budget for 1997 and the revised budget for 1996 . The motion passed 7-0. 8. Communications and bills a. Vendor claims It was moved by Commissioner Appelquist, seconded by Commissioner Dorfman, to approve and authorize payment. The motion passed 7-0. 9. Adjournment It was moved by Commissioner Appelquist, seconded by Commissio at 7:25 p.m. The motion passed 7-0. [ /, I / r, to adjourn the meeting Pre I I '