HomeMy WebLinkAbout2024/02/05 - ADMIN - Minutes - Economic Development Authority - RegularOfficial minutes
EDA meeting
St. Louis Park, Minnesota
Feb. 5, 2024
1. Call to order.
President Dumalag called the meeting to order at 6:26 p.m.
a. Roll call
Commissioners present: President Dumalag, Paul Baudhuin, Tim Brausen, Sue Budd, Yolanda
Farris, Margaret Rog
Commissioners absent: none
Staff present: Deputy city manager (Ms. Walsh), administrative services director (Ms. Brodeen),
finance director (Ms. Cruver), public works director (Mr. Hall), engineering director (Ms. Heiser),
fire chief Koering, police chief Kruelle, human resources director (Ms. Vorpahl), parks and
recreation director (Mr. West)
2. Approve agenda.
It was moved by Commissioner Mohamed, seconded by Commissioner Brausen, to approve the
EDA agenda as presented.
The motion passed 7-0.
3. Minutes.
a. EDA meeting minutes of Jan. 2, 2024
b. EDA meeting minutes of Jan 16, 2024
It was moved by Commissioner Brausen, seconded by Commissioner Mohamed, to approve the
EDA meeting minutes of Jan. 2 and Jan. 16, 2024 as presented.
The motion passed 7-0.
4. Consent items.
a. Hennepin County AHIF Grant EDA Resolution No. 24-01 of support for Beltline
Station-Development’s affordable housing building – Ward 1
b. EDA Resolution No. 24-02 approving letter of non-default – Beltline Station –
Ward 1
Commissioner Rog shared that she had spoken with Sherman & Associates, the developer, and
this property has been in progress for six years. She pointed out that interest rates continue to
be a challenge, especially over the last couple of years, and she is pleased that Sherman &
Associates continues to look for creative funding. Commissioner Rog is confident Hennepin
County will also see the value in this grant.
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Economic Development Authority -2- Feb. 5 2024
It was moved by Commissioner Brausen, seconded by Commissioner Mohamed, to approve the
consent items as listed, and to waive reading of all resolutions.
The motion passed 7-0.
5. Public hearings – none.
6. Regular business – none.
7. Communications and announcements – none.
8. Adjournment.
The meeting adjourned at 6:29 p.m.
______________________________________ ______________________________________
Melissa Kennedy, EDA secretary Lynette Dumalag, EDA president
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