HomeMy WebLinkAbout2019/06/17 - ADMIN - Minutes - Economic Development Authority - Regular Official minutes
Economic development authority
St. Louis Park, Minnesota
June 17, 2019
1. Call to order
President Hallfin called the meeting to order at 7:20 p.m.
Commissioners present: President Steve Hallfin, Tim Brausen, Rachel Harris, Anne Mavity, and
Margaret Rog.
Commissioners absent: Thom Miller and Jake Spano
Staff present: Executive Director (Mr. Harmening), Economic Development Coordinator (Mr.
Hunt), Community Development Director (Ms. Barton), City Attorney (Mr. Mattick), Deputy City
Manager/Human Resources Director (Ms. Deno), CFO (Mr. Simon), Senior Management Analyst
(Ms. Carrillo Perez), and Recording Secretary (Ms. Pappas).
2. Roll call
3. Approval of minutes
3a. EDA minutes of May 6, 2019
It was moved by Commissioner Brausen, seconded by Commissioner Mavity, to approve
the May 6, 2019 meeting minutes as presented.
The motion passed 5-0 (Commissioners Miller and Spano absent).
4. Approval of agenda and items on EDA consent calendar
4a. Accept for filing city disbursement for period of April 27-June 7, 2019.
4b. Adopt EDA Resolution No. 19-05 approving the First Amendment to the
Preliminary Development Agreement between the EDA, city, and Sherman
Associates relative to the Beltline Blvd Station Redevelopment Site.
4c. Approve amending the bylaws of the St. Louis Park Economic Development
Authority relating to meeting start times.
It was moved by Commissioner Mavity, seconded by Commissioner Brausen, to approve
the EDA agenda as presented and the items on the consent calendar.
The motion passed 5-0 (Commissioners Miller and Spano absent).
5. Reports - None
6. Old Business - None
7. New Business
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Economic Development Authority -2- June 17, 2019
7a. Fifth Amendment to Purchase and Redevelopment Contract with PLACE E-
Generation One, LLC. EDA Resolution No. 19-06.
Mr. Hunt presented the staff report. He noted the staff report and requirements of a
Fifth Amendment in order to extend the project completion dates .
Commissioner Brausen stated the developer has had financial challenges, which have
continued to be addressed by the developer. He stated substantial progress has been
made on the construction, adding he would like to give the project the opportunity to
succeed and, therefore, this is the reason for the deadline extension.
President Hallfin stated he will be opposed to the Fifth Amendment, adding the city
might be missing opportunities for other developers and at this point, he will say no.
It was moved by Commissioner Mavity, seconded by Commissioner Brausen, to waive the
reading and adopt EDA Resolution No. 19-06, approving Firth Amendment to Purchase
and Redevelopment Contract – PLACE E-Generation One, LLC.
The motion passed 4-1 (President Hallfin opposed, Commissioners Miller and Spano
absent).
8. Communications
9. Adjournment
The meeting adjourned at 7:25 p.m.
______________________________________ ______________________________________
Melissa Kennedy, Secretary President Hallfin
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