HomeMy WebLinkAbout2017/07/17 - ADMIN - Minutes - Economic Development Authority - RegularI1ISt. Louis Park OFFICIAL MINUTES
MINNESOTA ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
JULY 17, 2017
1. Call to Order
President Mavity called the meeting to order at 7:20 p.m.
Commissioners present: President Anne Mavity, Steve Hallfin, Gregg Lindberg, Thom Miller,
and Susan Sanger.
Commissioners absent: Tim Brausen and Jake Spano.
Staff present: Deputy City Manager/I-Iuman Resources Director (Ms. Deno), City Attorney (Mr.
Knutson), Economic Development Coordinator (Mr. I4unt) and Recording Secretary (Ms.
Mullen).
2. Roll Call
3. Approval of Minutes
3a. Economic Development Authority Meeting Minutes June 5, 2017
It was moved by Commissioner Lindberg, seconded by Commissioner Sanger, to approve
the EDA minutes as presented.
The motion passed 5-0 (Commissioners Brausen and Spano absent).
4. Approval of Agenda
It was moved by Commissioner Miller, seconded by Commissioner Lindberg to approve
the EDA agenda as presented.
The motion passed 5-0 (Commissioners Brausen and Spano absent).
5. Reports
5a. Approval of EDA Disbursements
It was moved by Commissioner Miller, seconded by Commissioner Lindberg, to approve
the EDA Disbursements.
The motion passed 5-0 (Commissioner Brausen and Spano absent).
6. Old Business -- None
7. New Business
7a. Early Start Agreement with PLACE E -Generation One, LLC. Resolution No.
17-18
Economic Development Authority -2- July 17, 2017
Mr. Hunt presented the staff report and request for an Early Start Agreement between the
PLACE E -Generation One, LLC and the Economic Development Authority (EDA). He
stated that PLACE has approved plans for a major nixed -use development called Via at
the Southeast quadrant of Hwy 7 and Wooddale. He further stated that PLACE has
requested permission to commence site preparation activities prior to property closing
with the EDA. Under the proposed agreement, PLACE would be allowed to initiate the
site preparations, including building demolitions, soil correction, utility disconnects, and
installation of new utilities. Mr. Hunt stated that preparation activities would begin after
July 28, 2017. He noted that the proposed work would be initiated at no cost to the city,
and site improvements would not be allowed to commence until after the property closing
with the EDA has been completed
Mr. Hunt stated that the proposed agreement requires that PLACE will provide a Letter
of Credit to the EDA, as well as evidence of insurance coverage and liability protection
for the City for work to be completed on the site. He added that the new agreement
includes approval for all early start activities on site, which will enhance the develop
ability of the site. Mr. Hunt stated City staff recommends approval of the Early Start
Agreement as presented.
Commissioner Sanger requested assurance that residents of the Cityscape Apartments
will have full continued roadway access during construction. Mr. Hunt confirmed that
access from the frontage road will be maintained. Commissioner Sanger also requested
confirmation that the City of St. Louis Park will not be responsible for any costs
associated with the Early Start Agreement, regardless of whether construction is started.
Mr. Hunt stated the developer is responsible for any costs associated with the Early Start
Agreement. He added that the grant funds that the EDA obtained from Hennepin County
related to this project could be used to finish any remaining work.
It was moved by Commissioner Lindberg, seconded by Commissioner Miller, to waive the
reading and adopt EDA Resolution No. 17-18 Approving the Early Start Agreement
between the EDA and PLACE E -Generation One, LLC.
The motion passed 5-0 (Commissioners Brausen and Spano absent).
8. Adjournment
The meeting adjourned at 7:25 p.m.
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I'LL?rL
Me4li, a Kenne y, Secretary Anne Mavity, President
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