HomeMy WebLinkAbout2016/05/02 - ADMIN - Minutes - Economic Development Authority - Regular111St. Louis Park OFFICIAL MINUTES
MINNESOTA ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
MAY 2, 2016
1. Call to Order
President Mavity called the meeting to order at 7:20 p.m.
Commissioners present: President Anne Mavity, Tim Brausen, Steve Hallfin, Gregg Lindberg,
Thom Miller, Susan Sanger, and Jake Spano.
Commissioners absent: None.
Staff present: Executive Director (Mr. Harmening), Economic Development Coordinator (Mr.
Hunt), Communications Specialist (Ms. Pribbenow), and Recording Secretary (Ms. Batra).
2. Roll Call
3. Approval of Minutes
3a. Economic Development Authority Meeting Minutes March 21, 2016
It was moved by Commissioner Spano, seconded by Commissioner Lindberg, to approve
the EDA minutes as presented.
The motion passed 7-0.
3b. Economic Development Authority Meeting Minutes April 4, 2016
It was moved by Commissioner Lindberg, seconded by Commissioner Spano, to approve
the EDA minutes as presented.
The motion passed 7-0.
4. Approval of Agenda
It was moved by Commissioner Lindberg, seconded by Commissioner Spano, to approve
the EDA agenda as presented.
The motion passed 7-0.
5. Reports
5a. Approval of EDA Disbursements
It was moved by Commissioner Brausen, seconded by Commissioner Spano, to approve
the EDA Disbursements.
The motion passed 7-0.
6. Old Business - None
Economic Development Authority -2- May 2, 2016
7. New Business
7a. Application for Environmental Grant Funds. Resolution Nos. 16-08, 16-09,
16-10, 16-11, 16-12,16-13, and 16-14
Mr. Hunt presented the staff report. The proposed resolutions authorize the submission of
contamination clean up grant applications related to the renovation of The Parkdales and
two proposed new developments - Parkway 25, and Morrie's Automotive. To assist with
cleanup costs, the developers are requesting that the EDA apply for approximately
$2,652,000 in grants on their behalf from Hennepin County, the Metropolitan Council
and DEED. Grant awards are typically announced in July.
President Mavity asked Mr. Hunt to articulate the financial impact these resolutions
would have on the City of St. Louis Park and whether there is a local share. Mr. I-lunt
stated that in applying for these grants the EDA is agreeing to sere as a financial conduit
for the grant awards. The grants do not require a local share from the EDA, and funding
is not being requested from the EDA in connection with these grant applications.
It was moved by Commissioner Spano, seconded by Commissioner Miller, to adopt, EDA
Resolution No. 16-08, authorizing the Executive Director and President to submit a
grant application to the Metropolitan Council Tax Base Revitalization Grant Program on
behalf of the Parkdales project, to adopt EDA Resolution No. 16-09, authorizing the
Executive Director and President to submit a grant application to the Department of
Employment and Economic Development (DEED) Contamination Clean-up Grant
Program on behalf of the Parkway 25 project; to adopt EDA Resolution No. I6 -I0,
authorizing the Executive Director and President to submit a grant application to the
Metropolitan Council Tax Base Revitalization Grant Program on behalf of the Parkway
25 project; to adopt EDA Resolution No. 16.11, authorizing the Executive Director and
President to submit a grant application to the Hennepin County Environmental Response
Fund Program on behalf of the Parkway 25 project; to adopt EDA Resolution No. 16-12,
authorizing the Executive Director and President to submit a grant application to the
Department of'Employment and Economic Development (DEED) Contamination Clean-
up Grant Program on behalf of the Morrie's Automotive project; to adopt EDA
Resolution No. 16-13, authorizing the Executive Director and President to submit a
grant application to the Metropolitan Council Tax Base Revitalization Grant Program on
behalf of the Morrie's Automotive project; and to adopt EDA Resolution No. 16-14,
authorizing the Executive Director and President to submit a grant application to the
Hennepin County Environmental Response Fund Program on behalf of the Morrie's
Automotive project.
Commissioner Brausen asked if Morrie's Automotive is subject to the city's Green
Building Policy. Mr. Hunt responded that it is not. Commissioner Brausen asked what
steps need to occur to make projects like Morrie's Automotive subject to the Green
Building Policy as he would like the council to consider that requirement.
Commissioner Brausen asked if Parkway 25 has requested tax increment financing (TIF),
and Mr. Hunt responded it had not at this time. Commissioner Brausen suggested the
council consider tying an affordable housing component when any public financing is
utilized for a project such as Parkway 25.
Economic Development Authority -3- May 2, 2016
Commissioner Spano clarified that the motion and second was for all seven resolutions.
President Mavity asked if city funding was requested if the Green Building Policy would
then apply. Mr. Hunt responded that most of these projects would likely qualify under the
Policy; however, there are size and funding requirements within the Policy that also must
be met before the Green Building Policy would be applicable to various projects.
The motion passed 7-0.
7b. Third Amendment to Central Park West Redevelopment Contract.
Resolution No. 16-15.
Mr. Hunt presented the staff report. The redevelopment contract assigned to Central Park
West LLC provides that whenever the commencement and completion dates for various
project phases required under the contract will not be met, modification must be
requested. The EDA and the city must formally approve such modifications.
Construction on Phase I due to utility work caused a delay, and it was unable to begin
construction until late November instead of June. This will push back the commencement
dates for Phases I & 11 so extensions have been requested.
Mr. Hunt explained that staff have also received a request to extend the contract dates of
Phases IV & V. The Partners are expected to make formal plans during the summer and
hope to obtain plan approval and start construction in spring of next year. Therefore,
commencement date of Phase IV will need to be extended to April 1, 2017. In allowance
for a reasonable building lease up period, the commencement date for the Phase V is also
requested to be extended until April 1, 2020.
It was moved by Commissioner Brausen, seconded by Commissioner Hallfin, to adopt
EDA Resolution No. 16-15, approving the Third Amendment to the Contract for Private
Redevelopment with Central Park West, LLC.
The motion passed 7-0.
8. Communications - None
9. Adjournment
The meeting adjourned at 7.:31 p.m.
Melfi a Keane y, Secretary
Anne Mavity, President