HomeMy WebLinkAbout2020/05/18 - ADMIN - Minutes - Economic Development Authority - Regular Official minutes
EDA meeting
St. Louis Park, Minnesota
May 18, 2020
1. Call to order
President Harris called the meeting to order at 6:00 p.m.
2. Roll call
Commissioners present: President Harris, Tim Brausen, Larry Kraft, Anne Mavity, Nadia
Mohamed, Margaret Rog, and Jake Spano
Commissioners absent: none
Staff present: Executive Director (Mr. Harmening), Economic Development Coordinator (Mr.
Hunt), CIO (Mr. Pires), Community Development Director (Ms. Barton), City Attorney (Mr.
Mattick), Senior Planner (Mr. Walther), Planner (Ms. Kramer), Economic Development Specialist
(Ms. Grove), Housing Supervisor/Deputy Community Development Director (Ms. Schnitker),
EDA Attorney (Ms. Ingram) Assistant Housing Supervisor (Ms. Olson), Senor Management
Analyst (Ms. Solano), and Recording Secretary (Ms. Pappas)
Guests: Kent Dahl, Ehlers
3. Approval of minutes - none
4. Approval of agenda and items on EDA consent calendar - none
5. Reports - none
6. Old business - none
7. New business
7a. Redevelopment contract with Cedar Partners LLC – The Quentin EDA
Resolution No. 20-09
Ms. Grove presented the staff report.
Commissioner Brausen stated the PUD was already approved, noting it seems a
reasonable request, adding 79 units of new housing to the community, 8 of which will
be affordable.
Commissioner Rog asked staff for clarification on pooling of TIF related to Elliot Park and
the Elipse, and how it benefits the city’s tax rolls. Ms. Barton stated the city will use the
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pooled TIF from these two projects as opposed to establishing a new TIF district, which
allows for the full amount to go onto the tax rolls immediately.
Commissioner Rog asked if there are concerns on the market demand now and if there
will be any changes. Ms. Grove stated in staff’s conversations with the developer, no
concerns were evident, and the developer is ready to proceed after getting the approval
from council.
Commissioner Harris asked if the amount of TIF pooled from the other two districts will
supersede future development options in those areas, and if there will be enough TIF
monies in that area if another project comes up later. Ms. Grove stated she is not aware
of any issues with this. Mr. Dahl added the two redevelopment TIF districts are coming
to the end of a 26-year term, so the city will want to utilize pooling dollars here before it
is decertified.
It was moved by Commissioner Brausen, seconded by Commissioner Mavity to adopt
EDA Resolution No. 20-09, approving the redevelopment contract between EDA and
Cedar Partners.
The motion passed 7-0.
7b. Establishment of the Parkway Residences Tax Increment Financing District
EDA Resolution No. 20-10, EDA Resolution No. 20-11
Mr. Hunt presented the staff report.
Commissioner Rog stated she is supportive of the goals and had heard from a number of
residents on pile driving in this area. She stated the noise has been difficult for many
residents to bear in this area and asked if staff can notify her when it will be completed
as she would like to notify residents.
It was moved by Commissioner Rog, seconded by Commissioner Kraft, to adopt EDA
Resolution No. 20-10, approving the establishment of the Parkway Residences Tax
Increment Financing District (a redevelopment district), and to adopt EDA Resolution
No. 20-11, authorizing an interfund loan for advance of certain costs in connection with
the administration of the Parkway Residences TIF District.
The motion passed 7-0.
7c. Redevelopment contract with Sela Group and affiliates – Parkway Residences
EDA Resolution No. 20-12
Mr. Hunt presented the staff report.
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It was moved by Commissioner Rog, seconded by Commissioner Spano, to adopt EDA
Resolution No. 20-12, approving the redevelopment contract between the EDA, Parkway
Place, LLC and other affiliates of Sela Group, LLC.
The motion passed 7-0.
8. Communications – none
9. Adjournment
The meeting adjourned at 6:28 p.m.
______________________________________ ______________________________________
Melissa Kennedy, secretary Rachel Harris, president
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