HomeMy WebLinkAbout1996/10/07 - ADMIN - Minutes - Economic Development Authority - RegularSCANNE!
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ST. LOUIS
PARK
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
CITY OF ST. LOUIS PARK, MN
October 7, 1996
1. Call to order
President Jacobs called the meeting to order at 7:00 p.m.
2. Roll cal]
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Th e following Comm issioners were present at roll call: Jeff Appelquist, Sue Sanger, Robert
Youn g, Gail Dorfman and Jeff Jacobs.
Also present were the Personnel Officer (Mr. W ysopal); Director of Comm uni ty Development
(Mr . Hann ening); Economic Development Coordinator (Mr . An derson).
3. Approval of minutes
It was moved by Comm issioner Appelquist, seconded by Comm issioner Dorfm an, to approve the
minutes of the September 16, 1996 meeting. The motion passed 5-0
4. Ap proval of agenda
It was moved by Comm issioner Dorfman , seconded by Comm issioner Sanger, to approve the
agenda for October 7, 1996. The motion passed 5-0.
5. Reports -None
6. Old Business-None
7. New Business
a. Modification of the plans for Redevelopment Project #l and the Excelsior Blvd.,
Oak Park Village and Highway 7 Tax Increment Financing Districts.
Resolution EDA 96-08
Mr. An derson gave a presentation on thi s item.
Comm issioner Dorfm an asked if thi s was consistent with the Comprehensive Plan and had the
Planni ng Comm ission given its approval. Mr. Anderson responded yes to each of those
questions.
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EDA minutes
October 7, 1996
Commissioner Sanger asked why this was being undertaken now, noting the Rec Center
Renaissance project triggered changes to the budget and the amendment includes plans for future
developments. Also why is the bonding included. She believed there needs to be approval prior
to the issuance of any bonds. Mr. Anderson addressed each of her concerns.
It was moved by Commissioner Appelquist, seconded by Commissioner Young, to adopt
Resolution EDA 96-08 entitled "Resolution approving the modification to Redevelopment
Project No. 1 and the modification to the Excelsior, Oak Park Village and Highway 7 Tax
Increment Financing Districts and approving and adopting the redevelopment plan and tax
increment financing plans related thereto.
The motion passed 5-0.
b. Assisted Living project (Gould): Request for creation of Housing Tax Increment
Financing District
Resolution EDA 96-09
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Mr. Anderson gave a brief background on this proposed project.
Commissioner Dorfman asked if by creating this Housing TIF District, does it provide the
flexibility for other projects that might be in the Housing TIF. Mr. Anderson responded there
were no pooling restrictions.
Commissioner Dorfman asked if this request is approved, is the City obligated to use the funds
generated on this particular project. Mr. Anderson said no.
It was moved by Commissioner Appelquist, seconded by Commissioner Dorfman, to adopt
Resolution EDA 96-09 entitled "Resolution modifying Redevelopment Project No. 1:
Establishing the Park Center Blvd. Housing Tax Increment Financing District and approving and
adopting the redevelopment plan and tax increment financing plan related thereto."
The motion passed 4-1 (Commissioner Sanger opposed).
c. Purchase of vacant lots at 3741 and 3743 Monterey Drive
Mr. Anderson gave a brief presentation on this item.
It was moved by Commissioner Dorfman, seconded by Commissioner Sanger, to approve the
Purchase Agreement and authorize the President and Executive Director to execute said
document. The motion passed 5-0.
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d. Purchase of single-family home at 3737 Ottawa Ave. So.
It w as m ov ed by C omm issioner A ppel quist, seconded by C omm issioner D orfm an to appro ve th e
Pur chas e A greem ent an d auth orize th e President an d Executive D ir ector to execute said
docum ent.
Th e m otion pas sed 5-0.
8. Communications an d bill s
a. Vendor claims
It w as m oved by C omm issioner D orfm an , seconded by C ommi ssioner A ppelquist, to approve
an d auth ori ze paym ent. Th e m otion pas sed 5-0.
b. Monthly financial report
It w as m oved by C omm issioner San ger, seconded by C omm issioner A ppelquist, to accept the
report fo r fil in g. Th e m otion pas sed 5-0.
9. Adjournment
Th e m eetin g adjourn ed at 7:23 p.m .
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