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HomeMy WebLinkAbout1996/03/04 - ADMIN - Minutes - Economic Development Authority - Regular; I MINUTES ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA March 4, 1996 1. Call to order President Haun called the meeting to order at 7:00 p.m. 2. Roll call The following Commi ssioners were present at roll call: Jeff Jacobs, Robert Young, Gail Dorfman. Jim Brimeyer arrived shortly thereafter. Al so present were the Executive Director (Mr. Meyer); Authority Attorney (Mr. Steilen); Director of Community Development (Mr. Harmening); Economic Development Coordinator (Mr. Anderson). 3. Approval of minutes l ) 2 It was moved by Commissioner Jacobs, seconded by Commissioner Dorfman, to approve the minutes of the February 5, 1996 meeting. The motion passed 4-0. 4 Approval of agenda It was moved by Commissioner Jacobs, seconded by Commissioner Dorfman, to approve the agenda for March 4, 1996. The motion passed 4-0. 5. a. Reports Resolution advancing funds - 4820 Excelsior Blvd. Resolution EDA 96-02 Mr . Meyer said the EDA had previously authorized staff to enter into a contract to manage the property at 4820 Excelsior Blvd., the property recently acquired through tax foreclosure. This resolution allows the Authority to set up a type of escrow account so that expenses associated with the management of the property can be paid out of that account by the management firm. Commissioner Dorfman asked in the event of a charge over $1,000 what would the procedure fo r paym ent be. Mr. M eyer said first it would be looked at very closely and it would be handled like any other disbursement that the EDA would norm ally handle through the vendor claim pro cess after EDA appro val. He said full and complete financial statements will be received on a monthly basis. E D A m in u tes M arch 4 , 19 9 6 It was moved by Commissioner Dorfinan, seconded by Commissioner Jacobs, to adopt Resolution EDA 96-02 entitled "Resolution authorizing disbursements of EDA funds by an agent of the authority." The motion passed 4-0. 5b. Order special meeting for March 18 - Victoria Ponds TIF It was moved by Commissioner Jacobs, seconded by Commissioner Young, to schedule a special EDA meeting for March 18, 1996. The motion passed 4-0. Sc. Purchase of single-family home at 3732 Natchez Ave. So. Mr. Meyer said the Authority has previously given direction to staff that as properties become available in the Excelsior Blvd. area that attempts be made to acquire them through the open market as opposed to getting into a condemnation process as the redevelopment area moves forward. HUD has a home available for sale at 3732 Natchez and staff is asking approval to bid on that property at the scheduled auction. Staff has asked HUD to notify the City whenever parcels become available in the future so the City can negotiate directly with HUD. Commissioner Young asked whether this address was part of the target area for the Excelsior Blvd. redevelopment Mr. Meyer explained the neighborhood had been put on notice some time ago that it was intended this area would be redeveloped. Based on the zoning for that property today, all of the surrounding single-family properties are non-conforming uses. The new zoning calls for high density residential. Commissioner Young asked if the bid is successful would the house be rented out, tom down? Mr . Meyer said this property has lots of problems associated with it. While not able to be absolute, chances are that it would be demolished rather than putting money into the property to fix it up and renting it. Commissioner Jacobs noted a $5,000 charge for legal and transfer fees and asked what that was. Mr. Anderson responded the figures shown are estimates used from past experience. It was shown to give the Authority a general idea of what the costs associated with acquiring this property may be. He said in this particular case there will not be any transfer fees or broker fees. President Haun wanted to point out that with this proposed redevelopment the City would not be going in and taking people's homes; only if they come available will the City take an interest. SCA N NED EDA minutes March 4, 1996 Mr. Meyer said that because the City is the municipality in which the property is located, HUD will afford the City a 10% discount. So if the bid is accepted at $90,000, with the discount the City would pay $81,000. It was moved by Commissioner Jacobs, seconded by Commissioner Dorfman, to authorize a bid up to $90,000 for the purchase of the property and to negotiate and execute the sales contract for the purchase. Commissioner Young suggested bidding it at $81,000 and thereafter getting the 10% discount. Mr. Meyer said if there was a bid higher than $81,000 the City might lose out and trying to negotiate for the property with one of the other bidders might indeed kick in that $5,000 transfer fee. The motion passed 4-0. Commissioner Brimeyer arrived. 6. New business - None., 7. Unfinished business President Haun asked for an update on the lighting project - the walkway lighting - on Excelsior Blvd. Mr. Meyer said he understood that most of the materials - the lighting standards themselves - have been delivered and crews are beginning to install them. He said he would get more definite information and pass it along to the Authority. Mr. Meyer said the Authority has discussed at some length the assisted living project on Park Center Blvd. with G & P Properties. He wanted to update the Authority on recent discussions re the project. He passed out information from Town Planning Cooperative on cherettes. Park Nicollet has expressed strong interest in a whole continuum of care campus including everything from independent living for seniors through assisted living through levels of increasing medical assistance. There have been problems fitting an assisted living project into the zoning ordinance. Park Nicollet and G & P have been asked to sit down with the City in a "mini-cherette" process to look at all the alternatives available for accomplishing what the City wants to see accomplished and address the needs of the assisted living project and its fitting in with the care campus. 8. Communications and bills It was moved by Commissioner Jacobs, seconded by Commissioner Dorfman, to approve and order filed the monthly financial statement. The motion passed 5-0. -1 I EDA minutes March 4, 1996 It was moved by Commissioner Jacobs, seconded by Commissioner Dorfin an, to approve and authorize payment. The motion passed 5-0. 9. Adjournment It was moved by Commissioner Jacobs, seconded by Commi ssioner Dorfin an, to adjourn the meeting at 7:24 p.m. President Haun