HomeMy WebLinkAbout2020/10/05 - ADMIN - Minutes - Economic Development Authority - Regular Official minutes
EDA meeting
St. Louis Park, Minnesota
Oct. 5, 2020
1. Call to order
President Harris called the meeting to order at 6:20 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), Community Development Director (Ms.
Barton), City Attorney (Mr. Mattick), Building and Energy Director (Mr. Hoffman), Engineering
Director (Ms. Heiser), Assistant Zoning Administrator (Ms. Morrison), Planning and Zoning
Supervisor (Mr. Walther), Associate Planner (Ms. Kramer), Transportation Engineer (Mr.
Manibog), Senior Management Analyst (Ms. Solano), and Recording Secretary (Ms. Pappas)
3. Approval of minutes - none
4. Approval of agenda and items on EDA consent calendar
4a. Accept for filing EDA disbursement claims for the period of August 29 through
September 25, 2020.
4b. Adopt EDA Resolution approving the modification of the tax increment financing
plan for the Shoreham TIF District to allow for additional pooling for eligible
rental housing. (This item was removed from the consent calendar and
considered as regular agenda as item 5a.)
4c. Adopt EDA Resolution approving the modification of the tax increment financing
plan for the Eliot Park TIF District to allow for additional pooling for eligible
rental housing. (This item was removed from the consent calendar and
considered as regular agenda as item 5b.)
Councilmember Brausen requested that consent calendar items 4b and 4c be removed
and placed on the regular agenda to 5a and 5b.
It was moved by Commissioner Brausen, seconded by Commissioner Rog, to approve the
agenda and items listed on the consent calendar as amended to move consent calendar
Item 4b and 4c to the regular agenda as items 5a and 5b, respectively; and to waive
reading of all resolutions and ordinances.
The motion passed 7-0.
DocuSign Envelope ID: 9F69A768-7571-4A42-8493-2DA0A331703C
Economic Development Authority -2- Oct. 5, 2020
5. Reports
5a. Approving the modification of the tax increment financing plan for the
Shoreham TIF District to allow for additional pooling for eligible rental housing.
EDA Resolution No. 20-23
5b. Approve the modification of the tax increment financing plan for the Eliot Park
TIF District to allow for additional pooling for eligible rental housing . EDA
Resolution No. 20-24
Commissioner Brausen pointed out the importance of funding the affordable housing
trust fund, adding the EDA and the community agreed that all affordable housing needs
be addressed as a community. He asked residents to please contact the city council and
staff to let them know how this money should be spent in the future. He noted this will
need more robust discussion and community engagement in the future.
Commissioner Rog asked if this TIF plan will be only for rental housing and not for
affordable home ownership. Ms. Barton confirmed the TIF is limited to rental only.
Commissioner Rog asked if the EDA and council will have an opportunity to revisit
support of the housing fund each year. Ms. Barton stated they can revisit this each year
and change strategy as needed.
Commissioner Harris thanked Ms. Barton for recommending this affordable housing
funding program when she came to St. Louis Park.
It was moved by Commissioner Brausen, seconded by Commissioner Spano, to adopt
EDA Resolution No. 20-23 approving the modification of the tax increment financing plan
for the Shoreham TIF District to allow for additional pooling for eligible rental housing
and adopt EDA Resolution No. 20-24 approving the modification of the tax increment
financing plan for the Eliot Park TIF District to allow for additional pooling for eligible
rental housing.
The motion passed 7-0.
6. Old business - none
7. New business - none
8. Communications – none
9. Adjournment
DocuSign Envelope ID: 9F69A768-7571-4A42-8493-2DA0A331703C
Economic Development Authority -3- Oct. 5, 2020
The meeting adjourned at 6:28 p.m.
______________________________________ ______________________________________
Melissa Kennedy, secretary Rachel Harris, president
DocuSign Envelope ID: 9F69A768-7571-4A42-8493-2DA0A331703C