HomeMy WebLinkAbout2015/06/15 - ADMIN - Minutes - Economic Development Authority - RegularOfISt. Louis Park OFFICIAL MINUTES
MINNESOTA ECONOMIC DEVELOPMENT AUTHORITY
ST. LOUIS PARK, MINNESOTA
JUNE 15, 2015
1. Call to Order
Vice President Hallfin called the meeting to order at 7:20 p.m.
Commissioners present: Vice President Steve Hallfin, Tim Brausen, Jeff Jacobs, Gregg
Lindberg, Susan Sanger, and Jake Spano.
Commissioners absent: President Anne Mavity.
Staff present: Executive Director (Mr. Harmening), Economic Development Coordinator (Mr.
Hunt), and Recording Secretary (Ms. Hughes).
2. Roll Call
3. Approval of Minutes
3a. Economic Development Authority Meeting Minutes June 1, 2015
The minutes were approved as presented.
4. Approval of Agenda
The agenda was approved as presented.
5. Reports - None
G. Old Business - None
7. New Business
7a. Call for Public Hearing to Consider Establishment of The Shoreham. TIF
District. EDA Resolution No. 15-12.
Mr. Hunt presented the staff report and explained that Bader Development is proposing to
construct a mixed use redevelopment at CSAH 25 and France Avenue and has
determined there are significant extraordinary costs associated with redevelopment of the
site. He stated that Bader Development has applied to the EDA for tax increment
financing assistance to offset a portion of those costs to enable the project to proceed. He
advised that the developer's TIF application was reviewed with Council on June 1, 2015,
where it was favorably received. As a result, staff was directed to call for a public
hearing on the proposed Shoreham TIF District and to draft a formal redevelopment
contract with the developer. He stated the TIF program is administered by the EDA and
in order to create a TIF District, the City Council is required to hold a public hearing and
the EDA must request that the City Council set a public hearing date. He pointed out that
the public hearing was originally scheduled for August 3, 2015, however, that date is not
Economic Development Authority -2- June 15, 2015
feasible and requested that the resolution be amended to schedule the public hearing for
August 17, 2015.
It was moved by Commissioner Sanger, seconded by Commissioner Jacobs, to adopt
Resolution No. 15-12 Requesting the City Council of the City of St. Louis Park to Call
for a Public Hearing on the Modification of Redevelopment Project No. 1 and the
Establishment of The Shoreham Redevelopment Tax Increment Financing District, with
the amendment that the public hearing be called for August 17, 2015.
The motion passed 6-0 (President Mavity absent).
7b. Resolution of Support for Submission of a DEED Job Creation Fund Grant
Application. EDA Resolution No. 15-13.
Mr. Hunt presented the staff report and stated that a St. Louis Park company that has
requested its name remain confidential is proposing to make upgrades to its offices and
the proposed expansion is eligible for the Minnesota Job Creation Fund (JCF) program
administered by DEED and the JCF grant requires that the local government submit an
application and resolution of support on behalf of the company.
It was moved by Commissioner Brausen, seconded by Commissioner Lindberg, to adopt
Resolution No. 15-13 in Support of a Business Applying to the Minnesota Department of
Employment and Economic Development's Job Creation Fund Program.
Commissioner Sanger requested confirmation that the City is not expected to contribute
any money in connection with the submission of the grant application to the State.
Mr. Hunt replied that this was correct.
The motion passed 6-0 (President Mavity absent).
S. Communications - None
9. Adjournment
Vice President Hallfin adjourned the meeting at 7:24 p.m.
a,
Vice President