HomeMy WebLinkAbout2017/02/21 - ADMIN - Minutes - Economic Development Authority - Regular11ISt. Louis Park OFFICIAL MINUTES
MINNESOTA ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
FEBRUARY 21, 2017
1. Call to Order
President Pro Tem Brausen called the meeting to order at 7:22 p.m.
Commissioners present: Tim Brausen, Steve Hallfin, Thom Miller, Susan Sanger, and Jake
Spano.
Commissioners absent: Gregg Lindberg and Anne Mavity.
Staff present: Executive Director (Mr. Harmening), City Attorney (Mr. Mattick), Community
Development Director (Mr. Locke), Engineering Director (Ms. Heiser), Deputy City
Manager/Human Resources Director (Ms. Deno), and Recording Secretary (Ms. Pappas).
2. Roll Call
3. Approval of Minutes
3a. Economic Development Authority Meeting Minutes February 6, 2017
It was moved by Commissioner Sanger, seconded by Commissioner Miller, to approve
the February b, 2017 EDA minutes as presented,
The motion passed 5-0.
4. Approval of Agenda
It was moved by Commissioner Brausen, seconded by Commissioner Miller, to approve
the .EDA agenda as presented.
The motion passed S-0.
5. Reports - None
6. Old Business — None
7. New Business
7a. Third Amendment to PLACE Preliminary Development Agreement.
Resolution No. 17-02
Mr. Locke presented the staff report. He noted the project timeline and that the agreement
with PLACE terminates on February 28, 2017, unless it is extended. PLACE has
requested the Preliminary Development Agreement be extended 6 months until August
31, 2017, so as to allow the parties adequate time to successfully complete negotiations
on the contracts and present them for formal consideration. The extension is necessary to
provide PLACE's funding partners with continued assurance of its ability to secure the
subject properties for the proposed development.
Economic Development Authority -2- February 21, 2017
It was moved by Commissioner Rrausen, seconded by Commissioner Spano, to adopt
EDA Resolution No. 17-02, approving the Third Amendment to the Preliminary
Development Agreement with PLACE
The motion passed 4-1 (Councilmember Sanger opposed).
8. Communications — None.
9. Adjournment
The meeting adjourned at 7:26 p.m.
Meli a Kennedy, Secretary Anne Mavity, President