082205 EDA
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
EDA Minutes August 22, 2005
Regular Meeting City Hall
CALL TO ORDER
President Opem called the meeting of the Economic Development Authority
to order at 8:45 p.m.
ROLL CALL
Present: Martin Opem Sr., President
Mary Gwin-Lenth, Commissioner
Andy Hoffe, Commissioner
Karen Nolte, Commissioner
Steve Sommer, Commissioner
Staff Present: Dan Donahue, City Manager
Charles Carlson, Community Development Intern
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 Nolte, seconded by Commissioner Hoffe,
to approve the Regular Meeting Minutes of June 27, 2005. All present voted
in favor. Motion carried.
EMERGENCY
President Opem introduced for discussion Item 4, Resolution calling for a
FOODSHELF
public hearing by the Economic Development Authority of the city of New
NETWORK
Hope on behalf of Emergency Foodshelf Network.
Item 4
Mr. Kirk McDonald, director of community development, reported that in
August of 2005, Emergency Foodshelf Network (EFN) submitted a request to
the EDA to issue up to a $2 million tax exempt revenue note. The funds will
be used to refinance existing debt and make improvements to the interior of
the property at 8501 54 Avenue North. He stated neither the city nor the
th
EDA will assume any liability with respect to the note. The note will be issued
by one or more lending institutions and will be secured by a first mortgage on
the local facilities. Mr. McDonald stated adoption of the resolution will
authorize scheduling a public hearing on September 12, 2005. Staff
recommends approval of the resolution. EFN has submitted a $500 non-
refundable fee and a $5,000 deposit to cover consultant expenses. If the city
approves the bond, ½ of 1% of the bond amount (or $8,500) will be paid to the
city at the closing as the city is the issuer of the bonds.
Mr. Dan Donahue, city manager, stated the $2 million would count against
the EDA’s annual $10 million bank qualification limit. He recommended
EDA Meeting August 22, 2005
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approval as there is no other anticipated debt that staff will be asking the EDA
to consider for the remainder of 2005, and the requestor will be required to
pay the city ½ of 1% of the principal amount of the note in accordance with
city policy.
President Opem pointed out that the action before the EDA at this time is to
schedule the public hearing. He noted the requestor will be required to
stipulate their intentions for the funds at the public hearing.
EDA RESOLUTION
Commissioner Sommer introduced the following resolution and moved its
05-06 adoption: “RESOLUTION CALLING FOR A PUBLIC HEARING BY THE
Item 4 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF NEW
HOPE ON BEHALF OF EMERGENCY FOODSHELF NETWORK.” The
motion for the adoption of the foregoing resolution was seconded by
Commissioner Hoffe, and upon vote being taken thereon, the following voted
in favor thereof: Opem, Gwin-Lenth, Hoffe, Nolte, Sommer; and the following
voted against the same: None; Abstained: None; Absent: None; whereupon
the resolution was declared duly passed and adopted, signed by the president
which was attested to by the executive director.
IMP. PROJECT 778
President Opem introduced for discussion Item 5, Resolution approving
Item 5
waiver of service availability charges (SAC) for 4301-17 Nevada Avenue
North twinhome redevelopment (improvement project no. 778).
Mr. Shawn Siders, community development specialist, stated at the City
Council Meeting of July 25 the Council approved a motion recommending
that the EDA approve a resolution waiving the SAC fees for the Nevada
Avenue Twinhome project.
EDA RESOLUTION
Commissioner Nolte introduced the following resolution and moved its
05-07 adoption: “RESOLUTION APPROVING WAIVER OF SERVICE
Item 5 AVAILABILITY CHARGES (SAC) FOR 4301-17 NEVADA AVENUE
NORTH TWINHOME REDEVELOPMENT (IMPROVEMENT PROJECT
NO. 778).” The motion for the adoption of the foregoing resolution was
seconded by Commissioner Gwin-Lenth, and upon vote being taken thereon,
the following voted in favor thereof: Opem, Gwin-Lenth, Hoffe, Nolte,
Sommer; and the following voted against the same: None; Abstained: None;
Absent: None; whereupon the resolution was declared duly passed and
adopted, signed by the president which was attested to by the executive
director.
ADJOURNMENT
Motion was made by Commissioner Nolte, seconded by Commissioner
Sommer, to adjourn the meeting. All present voted in favor. Motion carried.
The New Hope EDA adjourned at 8:51 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
EDA Meeting August 22, 2005
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EDA Meeting August 22, 2005
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