HomeMy WebLinkAbout2022/12/05 - ADMIN - Minutes - Economic Development Authority - Regular Official minutes
EDA meeting
St. Louis Park, Minnesota
Dec. 5, 2022
1. Call to order
President Rog called the meeting to order at 6:20 p.m.
1a. Roll call
Commissioners present: President Rog, Tim Brausen, Sue Budd, Lynette Dumalag, Larry Kraft,
Nadia Mohamed, and Jake Spano
Commissioners absent: none
Staff present: City Manager (Ms. Keller), Deputy City Manager (Ms. Walsh), Finance Director
(Ms. Schmitt), Economic Development Manager (Mr. Hunt), Executive Director/Community
Development Director (Ms. Barton), City Attorney (Mr. Mattick), Senior Planner (Mr. Walther),
Housing Supervisor (Ms. Olson), Communications and Technology Director (Ms. Smith)
2. Approval of agenda
It was moved by Commissioner Dumalag, seconded by Commissioner Mohamed, to approve the
EDA agenda as presented.
The motion passed 7-0.
3. Approval of agenda and items on consent calendar
3a. Accept for filing EDA disbursements claims for the period of October 29 through
November 25, 2022.
3b. Adopt EDA Resolution No. 22-43 approving the modification of the tax
increment financing plan for the Mill City TIF District to allow for additional
pooling for eligible rental housing purposes.
3c. Adopt EDA Resolution No. 22-44 approving the modification of the tax
increment financing plan for the Zarthan Avenue/16th Street TIF District to allow
for additional pooling for eligible rental housing purposes.
3d. Adopt EDA Resolution No. 22-45 approving the Spending Plan for eight city tax
increment financing (TIF) districts.
3e. Adopt EDA Resolution No. 22-46 approving a Collateral Assignment of Tax
Increment Note and Redevelopment Agreement in connection with the Contract
for Private Redevelopment with The Mera, LLC for the Mera multifamily housing
development located at 9920 Wayzata Boulevard.
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Economic Development Authority -2- Dec. 5, 2022
3f. Adopt EDA Resolution No. 22-47 approving a first amendment to the purchase
agreement and associated loan documents related to the Beltline Station
Development.
It was moved by Commissioner Brausen, seconded by Commissioner Mohamed, to approve the
EDA consent agenda as presented.
The motion passed 7-0.
4. Approval of EDA minutes
a. EDA meeting minutes of Oct. 17, 2022
Councilmember Brausen noted his name was misspelled in one place and asked that it be
corrected.
It was moved by Commissioner Brausen, seconded by Commissioner Spano, to approve the EDA
meeting minutes of Oct. 17, 2022, as amended.
The motion passed 7-0.
b. EDA special meeting minutes of Sept. 29, 2022
It was moved by Commissioner Kraft, seconded by Commissioner Spano, to approve the EDA
special meeting minutes of Sept. 29, 2022, as presented.
The motion passed 7-0.
5. Unfinished business - none
6. New business - none
7. Communications – none
8. Adjournment
The meeting adjourned at 6:25 p.m.
______________________________________ ______________________________________
Melissa Kennedy, secretary Nadia Mohamed, president
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