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HomeMy WebLinkAbout2015/10/19 - ADMIN - Minutes - Economic Development Authority - RegularAlSt. Louis Park OFFICIAL MINUTES M INN ES 0 TA ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA OCTOBER 19, 2015 1. Call to Order President Mavity called the meeting to order at 7:25 p.m. Commissioners present: President Anne Mavity, Tim Brausen, Steve Hallfin, Jeff Jacobs, Gregg Lindberg, Susan Sanger, and Jake Spano. Commissioners absent: None. Staff present: Executive Director (Mr. Hannening), City Attorney (Mr. Mattick), Planning/Economic Development Assistant (Ms. Grove), Economic Development Coordinator (Mr. Hunt), Community Coordinator (Mr. Zwilling) and Recording Secretary (Ms. Staple). 2. Roll Call 3. Approval of Minutes 3a. Economic Development Authority Minutes October 5, 2015 The EDA minutes were approved as presented. The motion passed 7-0. 4. Approval of Agenda The EDA agenda was approved as presented. The motion passed 7-0. 5. Reports W- None G. Old Business - None 7. New Business 7a. Assignment & Subordination Agreement with Urban Land 11 LLC — Hoigaard Village. Resolution No. 15-20. Mr. Hunt presented the staff report and provided background information on the Subordinate Agreement. He explained the terms of the new agreement and noted that the updated agreement would replace the 2007 version. President Mavity received confirmation that there would be no financial impact, positive or negative, to the EDA as a result of this agreement. It was moved by Commissioner Spano, seconded by Commissioner Haluln, to waive the reading and adopt EDA Resolution No. 15-20 approving the Assignment & Economic Development Authority -2- October 19, 2015 Subordination of Contract between the EDA, Union Land II, LLC and Lincoln Benefit Life Company relative to the Hoigaard Village redevelopment project. The motion passed 7-0. 7b. Business District Initiative Grant Application. Resolution No. 15-21 Ms. Grove presented the staff report and provided additional information on the Hennepin County business district initiative grant program, noting an area that has been identified as a good candidate for the grant. She stated staff met with business owners and residents who support this action. She noted that staff intends to file an application by the October deadline and noted that a decision would be made in February, She stated this grant would not require matching funds but noted that applications with matching funds rank higher during the review process. She asked if the EDA would support matching funds of up to $50,000 for implementation of the grant. She stated residents in that area do support the request and also may be willing to contribute toward the implementation of the program. President Mavity stated there has been a lot of discussion regarding the support of small business and the benefits that small businesses provide. She appreciated the efforts of staff. Commissioner Lindberg also thanked staff and stated this topic has brought about an energized discussion about the area, which has great access to the high school and neighborhoods in that area, and therefore he also supports this action. He encouraged the use of matching funds by the EDA to support the revitalization of the area, It was moved by Commissioner Lindberg, seconded by Commissioner Sanger, to waive the reading and adopt EDA Resolution No. I5 -2I authorizing the submission of a grant application to the Hennepin County Housing and Redevelopment Authority (HCHRA) Business District Initiative for Walker/Lalce Streets Business Area, with the agreement that the City is willing to contribute up to $50, 000 in matching funds. Commissioner Sanger stated she supports the revitalization of the area and believed that even if grant is received it would not be enough funding to fully revitalize the area. She wanted to ensure that the historic character was maintained while also making the area more known and updated. Commissioner Hallfin stated he and his wife own a small business in the corridor and asked if that would be a conflict of interest. Mr. Mattick recommended that Commissioner Hallfin abstain from the vote. President Mavity stated there are other small business nodes throughout the community and asked how the information from this program and area could be used to benefit other areas. Ms. Grove stated when the conversation was started with the stakeholders in this area that spurred immediate action by some property owners to invest in their own properties now, She stated if the conversation is started in other areas that could have the same result, Economic Development Authority -3- October 19, 2015 Mr. Harmening agreed that there could be great spin-off possibilities and this could serve as a demonstration. Commissioner Spano stated when the green line was being built in St. Paul there was a robust marketing and revitalization of the areas near the stations and Metro Transit may have additional information that could be useful to the City. The motion passed 6-0-1 (Hallfin abstained). 7c. Authorize Grant Application Submittals for Redevelopment of 4911 Excelsior Boulevard. Resolution No. 15-22 and Resolution No. 15-23 Ms. Grove presented the staff report and explained that the applicant plans to demolish the building at 4911 and redevelop the site for use by a tenant, specifically a paint store. She stated during this process contamination was found in the soils from a previous business and the applicant has requested $170,000 in grant funds from Hennepin County and Metropolitan County to assist in the clean-up of the site. She stated the applications would need to be submit by the EDA but noted that the EDA would not have any financial liability. It was moved by Commissioner Hallfin, seconded by Commissioner Jacobs, to waive the reading and adopt EDA Resolution No. I5-22, authorizing the Executive Director and President to submit a grant application to the Metropolitan Council Tax Base Revitalization Grant Program on behalf of the 4911 Excelsior Boulevard project. The motion passed 7-0. It was moved by Commissioner Hallfin, seconded by Commissioner Jacobs, to waive the reading and adopt EDA Resolution No. I5-23, authorizing the Executive Director and President to submit a grant application to the Hennepin County Environmental Response Fund Program on behalf of the 4911 Excelsior Boulevard project. The motion passed 7-0. 8. Communications — None 9. Adjournment The meeting adjourned at 7: 0 p.m. J Nr� " -c,- Secretary 0 President