HomeMy WebLinkAbout2020/07/06 - ADMIN - Minutes - Economic Development Authority - Regular Official minutes
EDA meeting
St. Louis Park, Minnesota
July 6, 2020
1. Call to order
President Harris called the meeting to order at 6:10 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), City Attorney (Mr. Mattick), Planner (Ms. Kramer), Senior Planner (Mr. Walther),
Economic Development Specialist (Ms. Grove), Senior Management Analyst (Ms. Solano), and
Recording Secretary (Ms. Pappas).
3. Approval of minutes
3a. EDA minutes of June 1, 2020
It was moved by Commissioner Spano, seconded by Commissioner Brausen, to approve
the June 1, 2020 EDA minutes as presented.
The motion passed 6-0-1 (Commissioner Mavity absent).
3b. EDA minutes of June 15, 2020
It was moved by Commissioner Spano, seconded by Commissioner Rog, to approve the
June 15, 2020 EDA minutes as presented.
The motion passed 6-0-1 (Commissioner Mavity absent).
4. Approval of agenda and items on EDA consent calendar
4a. Accept for filing EDA disbursement claims for period of May 23, through June 26,
2020.
4b. Adopt EDA Resolution No. 20-16 authorizing the submission of a Livable
Communities Demonstration Account (LCDA) grant application to Metropolitan
Council for proposed Texa-Tonka apartment project.
4c. Moved to 7c.
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It was moved by Commissioner Brausen, seconded by Commissioner Kraft, to approve
the EDA agenda and the items on the consent calendar as amended to move consent
calendar Item 4c to the regular agenda as Item 7c; and to waive reading of all
resolutions and ordinances.
The motion passed 7-0.
5. Reports - none
6. Old business - none
7. New business
7a. Authorization of Metropolitan Council and Minnesota Brownfields grant
applications – Union Park Flats EDA Resolution No. 20-17 EDA Resolution No.
20-18
Ms. Grove presented the staff report.
It was moved by Commissioner Rog, seconded by Commissioner Brausen, to adopt EDA
Resolution No. 20-17, authorizing the submission of a Livable Communities
Demonstration Account (LCDA) grant application to the Metropolitan Council for the
proposed Union Park Flats development; and to adopt EDA Resolution No. 20-18 in
support of an application to the Hennepin County Minnesota Brownfields Gap Financing
Program for proposed Union Park Flats development.
The motion passed 6-0-1 (Commissioner Mavity recused).
7b. Resolution of support for tax increment financing assistance – Union Park Flats
EDA Resolution No. 20-19
Mr. Hunt presented the staff report.
Commissioner Rog asked what the specific anticipated shortfalls might be. Mr. Hunt
stated staff will not know until the project has been through the public financing
process.
Commissioner Brausen asked if the ultimate amount of TIF the city grants will be
calibrated to allow for development to further goals of the project. Mr. Hunt confirmed
this is correct adding that Ehlers concluded this project will need $37 0,000 to be
feasible, but the TIF will allow for more funds in case they are needed .
Commissioner Brausen also asked even if the city awarded TIF of $600,000 would that
be excessive under city guidelines for a project of this size. Mr. Hunt stated this would
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not be a significant amount of TIF when looking at what the EDA has financed in
previous years, adding it fits within parameters of what the EDA has supplied to projects
in the past.
It was moved by Commissioner Brausen, seconded by Commissioner Mohamed, to adopt
EDA Resolution No. 20-19, supporting the provision of tax increment financing
assistance for Project for Pride in Living’s proposed Union Park Flats development in an
amount not to exceed $600,000.
The motion passed 6-0-1 (Commissioner Mavity recused).
7c. Resolution to authorize the submission of a Livable Communities
Demonstration Account (LCDA) grant application to the Metropolitan Council
for the proposed Prince of Peace apartment project; and, Resolution in support
of an application by Prince of Peace Apartments for the Hennepin County
Minnesota Brownfields Gap Financing Program EDA Resolution No. 20-20 EDA
Resolution No. 20-21
Ms. Grove presented the report.
Commissioner Brausen asked which ward the project is in. Ms. Grove stated Ward 2.
Commissioner Harris asked about timing of this action when the project has not been
approved yet. Ms. Grove stated the timing is such because the Metropolitan Council
only offers these grants 1 time per year, and the applications are due in July, with
approvals happening by end of the year. In order to fit the timeline and not push the
project back, this is being brought before the EDA now.
Commissioner Brausen noted that Commissioner Mavity will recuse herself on this
project. He added he supports these grants, adding that each project asking for
assistance is an item the council cares about and supports with its policies. He stated
these projects meet the council’s environmental sustainability, racial equity and
transportation goals, and it is in the city’s best interest to ask the Metropolitan Council
to support this. He stated he will support this project and is happy to do so.
It was moved by Brausen, seconded by Rog, to adopt EDA Resolution 20-20 authorizing
the submission of a Livable Communities Demonstration Account (LCDA) grant
application to the Metropolitan Council for the proposed Prince of Peace apartment
project; and, adopt EDA Resolution 20-21 in support of an application by Prince of Peace
Apartments for the Hennepin County Minnesota Brownfields Gap Financing Program.
The motion passed 6-0-1 (Commissioner Mavity recused).
8. Communications – none
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9. Adjournment
The meeting adjourned at 6:33 p.m.
______________________________________ ______________________________________
Melissa Kennedy, secretary Rachel Harris, president
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