HomeMy WebLinkAbout2022/09/06 - ADMIN - Minutes - Economic Development Authority - Regular Official minutes
EDA meeting
St. Louis Park, Minnesota
Sept. 6, 2022
1. Call to order
President Rog called the meeting to order at 6:20 p.m.
1a. Roll call
Commissioners present: President Rog, Tim Brausen, Lynette Dumalag, Larry Kraft, Nadia
Mohamed
Commissioners absent: Sue Budd, Jake Spano
Staff present: City Manager (Ms. Keller), Finance Director (Ms. Schmitt), Communications and
Technology Director (Ms. Smith)
2. Approval of agenda
It was moved by Commissioner Dumalag, seconded by Commissioner Brausen, to approve the
EDA agenda as presented.
The motion passed 5-0 (Commissioners Budd and Spano absent).
3. Approval of agenda and items on EDA consent calendar
3a. Accept for filing EDA disbursement claims for the period of July 23 – Aug. 26,
2022.
3b. Adopt EDA Resolution No. 22-38 approving a $200,000 loan from the EDA’s
Revolving Loan Fund to Pie in the Sky Properties LLC, which owns the building
out of which Honey & Rye Bakehouse operates enabling it to grow and expand .
Commissioner Brausen stated the length of the loan is consistent with EDA policy. He
would like to review this policy in the future and support s this proposal.
It was moved by Commissioner Kraft, seconded by Commissioner Dumalag, to approve
the agenda and consent calendar as presented.
The motion passed 5-0 (Commissioners Budd and Spano absent).
4. Approval of EDA minutes
4a. EDA meeting minutes of June 6, 2022
DocuSign Envelope ID: 76C2FAB8-B613-400D-A2D9-F5E897B5138E
Economic Development Authority -2- Sept. 6, 2022
Commissioner Kraft noted on page two, in comments related to the revised green
policy, it should read… “Commissioner Kraft noted that staff report indicated this, and
the developer asked for more TIF to do these things…” He also noted on page five it
should read, “Commissioner Kraft added that these are excellent projects and are
affordable housing investments with TIF and these amounts shoul d be brought in when
budget discussions are taking place with council.”
4b. EDA meeting minutes of June 20, 2022
4c. EDA meeting minutes of July 18, 2022
4d. EDA meeting minutes of Aug. 1, 2022
4f. EDA meeting minutes of Aug. 15, 2022
It was moved by Commissioner Brausen, seconded by Commissioner Dumalag, to
approve the EDA minutes of June 6, 2022, as amended, as well as the EDA minutes of
June 20, 2022; July 18, 2022; Aug. 1, 2022; and Aug. 15, 2022, as presented.
The motion passed 5-0 (Commissioners Budd and Spano absent).
5. Unfinished business - none
6. New business - none
7. Communications – none
8. Adjournment
The meeting adjourned at 6:25 p.m.
______________________________________ ______________________________________
Melissa Kennedy, secretary Margaret Rog, president
DocuSign Envelope ID: 76C2FAB8-B613-400D-A2D9-F5E897B5138E