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Ed120803.docCITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 EDA Minutes Regular Meeting December 8, 2003 City Hall CALL TO ORDER ROLL CALL APPROVE MINUTES IMP. PROJECT 724 Item 4 EDA RESOLUTION 03-14 Item 4 President Enck called the meeting of the Economic Development Authority to order at 7:25 p.m. Present: W. Peter Enck, President Don Collier, Commissioner Mary Gwin-Lenth, Commissioner Steve Sommer, Commissioner Absent: Sharon Cassen, Commissioner Motion was made by Commissioner Sommer, seconded by Commissioner Gwin- Lenth, to approve the Regular Meeting Minutes of November 24, 2003. Voted in favor: Enck, Gwin-Lenth, Sommer; Absent: Cassen; Abstained: Collier. Motion carried. President Enck introduced for discussion Item 4, Resolution modifying the restated redevelopment plan and tax increment financing plans for redevelopment project no. 1 and tax increment financing districts nos. 80-2, 81-1, 82-1, 85-1, 85-2, 86-1 and 02-1; creating tax increment financing district no. 03-1 (special law) and adopting a tax increment financing plan relating thereto (improvement project no. 724). Mr. Kirk McDonald, Director of Community Development, explained that staff and the financial consultant are recommending that the EDA adopt this resolution. He reported that Jim Casserly of Krass Monroe is available if needed to answer questions. Mr. McDonald emphasized that adoption of the resolution should not be construed as adoption of a development plan as it creates the East Winnetka Tax Increment Financing District only. He noted a final development agreement and plan is anticipated to be presented to the EDA on January 12, 2004. Mr. Jim Casserly, redevelopment financial consultant with Krass Monroe, was recognized. He stated the action is a culmination of a great deal of work over several years. He stated notices have been sent to all taxing jurisdictions and the TIF plan has been well reviewed. President Enck opened the floor for comments. No one from the audience addressed the EDA on the matter. Commissioner Gwin-Lenth introduced the following resolution and moved its adoption "RESOLUTION MODIFYING THE RESTATED REDEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLANS FOR REDEVELOPMENT PROJECT NO. 1 AND TAX INCREMENT FINANCING DISTRICTS NOS. 80-2, 81-1, 82-1, 85-1, 85-2, 86-1 AND 02-1; CREATING TAX INCREMENT FINANCING DISTRICT NO. 03-1 (SPECIAL LAW) AND ADOPTING A TAX INCREMENT FINANCING New Hope EDA Page 1 December 8, 2003 IMP. PROJECT 707 Item 5 EDA RESOLUTION 03-15 Item 5 1MP. PROJECT 665 Item 6 PLAN RELATING THERETO (IMPROVEMENT PROJECT NO. 724)". The motion for the adoption of the foregoing resolution was seconded by Commissioner Sommer, and upon vote being taken thereon, the following voted in favor thereof: Enck, Collier, Gwin-Lenth, Sommer; and the following voted against the same: None; Abstained: None; Absent: Cassen; whereupon the resolution was declared duly passed and adopted~ signed by the president which was attested to by the executive director. President Enck introduced for discussion Item 5, Resolution approving the metropolitan council's memorandum of understanding to establish and administer a waiting list and grievance procedure for MHOP units in the Bass Lake Apartments project (7610 Bass Lake Road) (improvement project no. 707). Mr. Kirk McDonald, Director of Community Development, indicated the agreement is part of the redevelopment package. The resolution approves the Met. Council Memorandum of Understanding required to establish and administer a waiting list and grievance procedure for the Minneapolis Housing Opportunity Program (MHOP) units within the recently renovated Bass Lake Apartments project located at 7610 Bass Lake Road owned by Project for Pride in Living (PPL). There are four MHOP units in the building. Significant funding was allocated to the project from the Minneapolis Public Housing Authority (MPHA) in exchange for the creation of these units. The Met. Council has agreed to assume the responsibility and cost of administering the waiting list and grievance procedure process for these units at no cost to the City. Per the City Attorney, "The only obligation the EDA will have in connection with this matter is an agreement to share costs with the Metropolitan Council in the event a claim is made against the Metropolitan Council related to its administration of the waiting list or grievance procedure for one (1) New Hope incentive unit." No claims have been initiated in connection with a similar agreement in place since 1998 for the PPL owned Bass Lake Court Townhome project located at 7300-7394 Bass Lake Road. Commissioner Sommer expressed concern with potential liability. Mr. Steve Sondrall, City Attorney, explained how the program originated and pointed out that the city can terminate the agreement with 90 days' notice. Commissioner Collier introduced the following resolution and moved its adoption "RESOLUTION APPROVING THE METROPOLITAN COUNCIL'S MEMORANDUM OF UNDERSTANDING TO ESTABLISH AND ADMINISTER A WAITING LIST AND GRIEVANCE PROCEDURE FOR MHOP UNITS IN THE BASS LAKE APARTMENTS PROJECT (7610 BASS LAKE ROAD) (IMPROVEMENT PROJECT NO. 707)." 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: Enck, Collier, Gwin-Lenth, Sommer; and the following voted against the same: None; Abstained: None; Absent: Cassen; whereupon the resolution was declared duly passed and adopted~ signed by the president which was attested to by the executive director. President Enck introduced for discussion Item 6, Resolution authorizing and calling for a closed meeting of the New Hope Economic Development Authority. Mr. Steve Sondrall, City Attorney, stated adoption of the resolution will permit the EDA to hold a closed meeting upon adjournment of the regular meeting to discuss potential appeal of the commissioner's award in the Ahrens Trucking condemnation New Hope EDA Page 2 December 8, 2003 EDA RESOLUTION 03-16 Item 6 ADJOURNMENT matter. Commissioner Collier noted he owns Navarre stock, and, therefore will abstain from the vote and from participation in the closed meeting. Commissioner Sommer introduced the following resolution and moved its adoption "RESOLUTION AUTItORIZING AND CALLING FOR A CLOSED MEETING OF TIIE NEW IIOPE ECONOMIC DEVELOPMENT AUTItORITY." 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: Enck, Gwin-Lenth, Sommer; and the following voted against the same: None; Abstained: Collier; Absent: Cassen; whereupon the resolution was declared duly passed and adopted~ signed by the president which was attested to by the executive director. Motion was made by Commissioner Collier, seconded by Commissioner Sommer, to adjourn the meeting. All present voted in favor. Motion carried. The New Hope EDA adjourned at 7:40 p.m. Respectfully submitted, Valerie Leone City Clerk New Hope EDA Page 3 December 8, 2003