Ed042803.docCITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
EDA Minutes April 28, 2003
Regular Meeting City Hall
CALL TO ORDER
President Enck called the meeting of the Economic Development Authority to order
at 7:57 p.m.
ROLL CALL
Present: W. Peter Enck, President
Sharon Cassen, Commissioner
Don Collier, Commissioner
Mary Gwin-Lenth, Commissioner
Steve Sommer, Commissioner
APPROVE MINUTES
Motion was made by Commissioner Collier, seconded by Commissioner Sommer,
to approve the Regular Meeting Minutes of March 10, 2003
. All present voted
in favor. Motion carried.
SECTION 8 HOUSING President Enck introduced for discussion Item 4, Motion Approving Revision to
CONTRACTS Section 8 Administrative Services Contract Between the Metropolitan Council and
Item 4 the City of New Hope.
MOTION Motion was made by Commissioner Sommer, seconded by Commissioner Gwin-
to approve a revision to the Section 8 Administrative Services Contract
Item 4 Lenth,
with the Metropolitan Council.
All present voted in favor. Motion carried.
IMP. PROJECT 729 President Enck introduced for discussion Item 5, Resolution Authorizing an
Item 5 Exclusive Negotiation Period Between the New Hope Economic Development
Authority and the Ryland Group, Inc. for the Winnetka Avenue Area (Improvement
Project No. 729).
Mr. McDonald, Community Development Specialist, reported that the proposed
resolution is in follow up to direction provided at the April 21, 2003, City Council
work session and recommended by the city’s financial consultant.
The resolution states that 1) following the request for proposals by the City and
consideration of the proposals received, The Ryland Group, Inc. was chosen as the
City’s tentative developer/builder for the site; 2) in its proposal, Ryland proposes to
invest additional time, expertise and money to continue to work with the City to
refine the site plan and examine the economic feasibility of development on the site;
3) Ryland has requested that the City provide a 90-day exclusive negotiation period
with Ryland with respect to development of the site.
Mr. McDonald stated Krass Monroe, P.A. will assist the EDA with financial
analyses.
The EDA requested the Community Development Director to provide regular
updates regarding the negotiation process with Ryland Group, Inc.
EDA RESOLUTION Commissioner Collier introduced the following resolution and moved its adoption
03-02 “RESOLUTIONAUTHORIZING AN EXCLUSIVE NEGOTIATION
Item 5 PERIOD BETWEEN THE NEW HOPE ECONOMIC DEVELOPMENT
AUTHORITY AND THE RYLAND GROUP, INC. FOR THE WINNETKA
AVENUE AREA”.
The motion for the adoption of the foregoing resolution was
seconded by Commissioner Gwin-Lenth, and upon vote being taken thereon, the
New Hope EDA April 28, 2003
following voted in favor thereof: Enck, Cassen, Collier, Gwin-Lenth, Sommer; and
Page 1
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.
seconded by Commissioner Gwin-Lenth, and upon vote being taken thereon, the
following voted in favor thereof: Enck, Cassen, Collier, Gwin-Lenth, 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 Collier, seconded by Commissioner Gwin-
to adjourn the meeting
Lenth, . All present voted in favor. Motion carried. The
New Hope EDA adjourned at 8:10 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
New Hope EDA April 28, 2003
Page 2