052990 EDA· =- Official File Copy
Ag~ _a_ #7
CITY OF NEW HOPE
4401 XYLON AVENUE ~
HENNEPIN COUNTY, MINNESOTA 55428
EDA Rec3ular Meeting #7
May 29, 1990
city Hall
President Edward J. Erickson
C~Lu,~sioner Gary L'Herault
OaL~issioner W. Peter Enck
C~ioner Gerald Otten
C~,d~ssioner Marky Williamson
1. Call to Order
2. Roll Call
3. Approve Minutes of May 14, 1990
4. Discussion Concerning Proposal Reqar~ M~ Site (Dick Curry)
6. Adj ouz~ uL~_nt
4401X¥IX~A~~
· ~INCO[~Y, M/~S0~55428
F~y 14, 1990
city ~z~l], 9:10 P.M.
APPROVE
~OF
APRIL 23, 1990
Hearing Item 4
New Hope EDA
Page 1
~ne New Hope Economic Development Authority was called to order at
9:10 p.m.
Present: Otten, L'Herault, Williamson
Absent: Erickson, Enck
Motion madebyCommissionerL'Herault, secor~_~dbyO~t~ssioner
Williamson, to appoint C~mdssionerOttenas President Pro tem for
the E~AmeetingofMay 14, 1990.
Motion by O~m~ssioner Williamson, seconded by C~mtdssioner Otten to
approve the EDA minutes of April 23, 1990. All present voted in
favor.
President ProtemOtten introduced for discussion Item4, Public
on the proposed sale of 4021Oregon Avenue North, New Hope,
M/nnesota (PID #17-118-21 24 0102).
City Manager, DsnDonahue, stated thepublichearing is toconsider
the sale of th eh o meat 4021OregonAvenueNorthtoStevenandDiane
Heinsch in the a mount of $69,000.
He indicated Mr. and Mrs. M~insch have l e~_~ the property for
approximately three years. He stated they have ~,~] ified for a
first mortgage and the City will be giving a second mortgage. He
stated the second mortgage is for $13,000 and under the terms of the
second mortgage they must homestead and occupy the residence for a
period of 15 years in order for the second mortgage to be forgiven.
If at any time during the 15 years they sell, move, rent, etc. they
will owe the City a percentage of the r~m~aining mortgage.
Motion~adebyC~m~ssionerL'H~_ra%llt, seconded byPresidentProtem
Otten toclosetbepublic~mthe~sale of 4021
OregAnO, Ne~F~, Minnesota (PID~17-118-21 24 0102).
All present voted in favor.
Commissio~Willi~n introducedthe following resolutionand
moved its adoption: ~RESOLUTIf~~~ES~TROFREALES~A_q~
AT4021(~[~AV]~K3El~{, PID#lT-118-21 24 0102,
DIANE}~T~:~/N~Ei%~0b~TOF $69,000; ~ING~{EPRES~
May 14, 1990
REVl~AT
Item5
I~m 5
AND EX~U3TTVE ~ CR E~I6~m~. ~D EX~UJq~ ~rx. NE~%RY
~X/I~TS". ~ =i~ for ~ ~i~ of ~ fo~o~
~1~ ~ ~~ ~ ~i~ L'~t, ~ ~n v~
~ ~ ~; ~ foll~ v~ ~ favor ~f:
L'~t, ~, W~li~; ~ ~ foll~ ~ ~ ~
d~l~ ~y ~ ~ ad~, ~~ si~ ~ ~ p~i~
~ ~ a~ ~ ~ ~ ~ive ~r.
President Pro tern Often ~ for discussion Item 5, Resolution
Appointing Directors to the First Board of the New Hope O~tut~nity
Revitalization Corporation.
the physically handicapped facility (Improvement Project #462).
He stated_ this is requ~ed under the HUD guidelines.
Mr. Donahue stated the proposed bo~ of the Corporation are
the current four Citizen Advisory C~m~dssioners and the City
Attorney.
C~,u,issioner L'Herault introduced the following resolution and moved
OF ~E NE~ }DPE ~ I~EVI'I~r.T';.~_'TT(~ ~C~'". The motion
for the adoption of the foregoing resolutic~ was seconded by
C..~atmtis~i~ Williamson, and upon vote being taken thereon; the
following voted in favor thereof: L'Herault, Otten, Williamson; and
tb~ following voted against the same: None; absent: Erickson, Enck;
whereupon the resolution was declared duly passed and adopted, and
was signed by the president which w~s attested to by t_he executive
director.
Motion was made by ~ioner Williamson, seconded by C~t~dssioner
L'Herault to adjourn the meeting. All present voted in favor. ~ne
New Hope EDA adjourned at 9:15 p.m.
Valerie Leone
City Clerk
New Hope EDA
Page 2
May 14, 1990
)REQUEST FOR ACTION
Originating Department Approved for Agenda Agenda Section
City Manager 5-29-90
Item No.
Dan Donahue
By: By: 4
DISCUSSION CONCERNING PROPOSAL RE~74%RDING MINNqDGASCO SITE (DICK ~JRRY)
A presentation will be given Tuesday evening.
~o~ o~¥ s~¢o~ ~
Review: Adm[~strat~on: F~n~nce:
RFA-O01 ~