041105 EDA
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
EDA Minutes April 11, 2005
Regular Meeting City Hall
CALL TO ORDER
President Opem called the meeting of the Economic Development Authority
to order at 8:48 p.m.
ROLL CALL
Present: Martin Opem Sr., President
Andy Hoffe, Commissioner
Karen Nolte, Commissioner
Steve Sommer, Commissioner
Absent: Mary Gwin-Lenth, Commissioner
Staff Present: Dan Donahue, City Manager
Shari French, Director of Parks & Recreation
Valerie Leone, City Clerk
Kirk McDonald, Director of Community Development
Shawn Siders, Community Development Specialist
Steve Sondrall, City Attorney
Vince VanderTop, Assistant City Engineer
APPROVE MINUTES
Motion was made by Commissioner Sommer, seconded by Commissioner
Hoffe, to approve the Regular Meeting Minutes of March 28, 2005. Voting
in favor: Opem, Hoffe, Nolte, Sommer; Voting against: None; Abstained:
None; Absent: Gwin-Lenth. Motion carried.
IMP. PROJECT 740
President Opem introduced for discussion Item 4, Resolution authorizing
Item 4
approval of a term sheet between the New Hope Economic Development
Authority and Frey Development and Manley Land Development, Inc. for
the redevelopment of 7500-7528 42 Avenue North of the former Electronic
nd
Industries site (improvement project no. 740).
Mr. Shawn Siders, community development specialist, noted staff reviewed
the proposed redevelopment plans to the EDA at its March 28 meeting. He
stated formal approval of the term sheet is required by the EDA. Mr. Siders
reviewed the terms of the development:
Land acquisition price $510,000.
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Brokerage fees – to be paid by Frey Development and Manley Land
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Development, Inc. and developers to provide city with indemnification
agreement against brokerage fees.
Property is being transferred in an “as is” condition.
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Buyer must receive all planning approvals prior to closing.
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Buyer will obtain necessary approvals from the Minnesota Pollution
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Control Agency (MPCA) prior to closing.
Buyer will provide cross easements for shared access and parking for all
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tenants on the entire site.
Buyer agrees to pay all fees associated with the redevelopment of this
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site.
President Opem pointed out that the developer will pay a storm water fee in
lieu of an on-site pond.
Commissioner Sommer commented that the sale of the property is for
$510,000 in an “as is” condition and the city has no further obligation
beyond the sale of the property. He conveyed great satisfaction that the
developer will undertake the project with no city funding assistance.
The EDA expressed support for the development (eight office
condominiums and the Viva Italia restaurant). Mr. Siders stated the
development will be featured in the next edition of the Business Link
newsletter.
Mr. Kirk McDonald, director of community development, pointed out that
the project will be presented to the EDA/City Council at future meetings as
the developer seeks approval of site and building plans. He also noted a
public hearing will be necessary for conveyance of the land.
City Manager Donahue conveyed his appreciation to Mr. McDonald and the
community development staff for their efforts relating to this property
redevelopment. He commented that it has taken several years to resolve the
multitude of past problems associated with the property. The EDA joined
Mr. Donahue in expressing their appreciation to the community
development staff.
EDA RESOLUTION
Commissioner Sommer introduced the following resolution and moved its
05-01 adoption: “RESOLUTION AUTHORIZING APPROVAL OF A TERM
Item 4 SHEET BETWEEN THE NEW HOPE ECONOMIC DEVELOPMENT
AUTHORITY AND FREY DEVELOPMENT AND MANLEY LAND
DEVELOPMENT, INC. FOR THE REDEVELOPMENT OF 7500-7528 42
ND
AVENUE NORTH OF THE FORMER ELECTRONIC INDUSTRIES SITE
(IMPROVEMENT PROJECT NO. 740).” The motion for the adoption of
the foregoing resolution was seconded by Commissioner Nolte, and upon
vote being taken thereon, the following voted in favor thereof: Opem, Hoffe,
Nolte, Sommer; and the following voted against the same: None; Abstained:
None; Absent: Gwin-Lenth; whereupon the resolution was declared duly
passed and adopted, signed by the president which was attested to by the
city clerk.
ADJOURNMENT
Motion was made by Commissioner Nolte, seconded by Commissioner
Hoffe, to adjourn the meeting. All present voted in favor. Motion carried.
The New Hope EDA adjourned at 8:52 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
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