Loading...
Ed082503.docCITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 EDA Minutes August 25, 2003 Regular Meeting City Hall CALL TO ORDER President Enck called the meeting of the Economic Development Authority to order at 8:43 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 July 28, 2003 . All present voted in favor. Motion carried. IMP. PROJECT 729 President Enck introduced for discussion Item 4, Discussion regarding request by Item 4 Bear Creek Capital and CVS Pharmacy to authorize appraisal of properties by city at applicant’s expense (improvement project no. 729). Director of Community Development, Kirk McDonald, explained that CVS Drug Store has proposed to build a store at the Bass Lake Road and Winnetka intersection. They had earlier requested that the city share the cost of an appraisal with them. They have now revised their proposal so the appraisal would be at their expense. Bill Tipman with Bear Creek Capital came forward. President Enck asked if CVS was interested in the Lyndale property, which is now for sale. Mr. Tipman stated that the Lyndale property is not a part of their phase one. President Enck stated that he hoped they would consider it at this time. Mr. Tipman reiterated that he doesn’t believe it would be viable at this time and added that they would like to have the store open by end of 2004. Commissioner Sommer stated his concerns that part of the property proposed for redevelopment is owned by the school district and that Sinclair has long term plans to remain there. He asked where CVS is in discussions with them. Mr. Tipman answered that there is a friendly relationship between the city and school district and if the plan moves forward the District would probably cooperate. President Enck asked for confirmation that CVS has requested the city to coordinate the appraisal and invoice them. Mr. Tipman responded affirmatively. Commissioner Cassen expressed support for the redevelopment. She noted her desire to see the full picture of what they and other developers would do in relationship to the total development. to MOTION/APPROVE Motion was made by Commissioner Collier, seconded by Commissioner Cassen, APPRAISAL approve appraisals at the applicant’s expense for the commercial property at Item 4 7901 Bass Lake Road and the residential property at 5539 Winnetka Avenue North. All present voted in favor. Motion carried. IMP. PROJECT 751 President Enck introduced for discussion Item 5, Resolution authorizing approval of Item 5 a term sheet between the New Hope Economic Development Authority and Ryland Homes for the redevelopment of the Winnetka Avenue East property (improvement project no. 751). New Hope EDA August 25, 2003 Page 1 Mr. McDonald stated that staff and consultants have continued to work with the redevelopers. The city would be paid a land sale price of $12,500 per finished unit. Mr. McDonald illustrated two concept plans. Mr. Jim Casserly, Krass Monroe, was recognized. He stated the term sheet is intended to outline basic terms of what the developer and city are trying to put together. This is not final but is the understanding of both parties, including permits and fees. He asked if there is additional direction tonight from the EDA. It was clarified that the association would be responsible for plowing private drives but not public streets. He stated the plan is to commence in May 2004 and be completed in 18 to 20 months. Mr. Casserly clarified information in the packet and explained that there are three base prices for each model, exclusive of any add-ons that are usually an additional 10 to 15% of price. The EDA discussed pricing. President Enck stated that they meet the assessment the EDA had in mind. Commissioner Cassen made a number of suggestions regarding the base pricing being flexible. She also requested clearer language regarding the mature trees in the area. President Enck stated that tree removal could be subject to staff approval. Commissioner Cassen continued that the area also needs ponding and the plans need more variety. President Enck stated that once the term sheet is approved and staff and Ryland are moving forward, the EDA will have more input. Commissioner Sommer added that more options are better and he encouraged neighborhood site appeal. He also questioned the developer selling twin homes to another developer to sell. President Enck verified with Mr. Casserly that the city would have one contract with Ryland who will have contracts with other builders. All agreed that the development needs variety and must be attractive. EDA RESOLUTION Commissioner Cassen introduced the following resolution and moved its adoption 03-07 “RESOLUTION AUTHORIZING APPROVAL OF A TERM SHEET Item 5 BETWEEN THE NEW HOPE ECONOMIC DEVELOPMENT AUTHORITY AND RYLAND HOMES FOR THE REDEVELOPMENT OF THE WINNETKA AVENUE EAST PROPERTY (IMPROVEMENT PROJECT NO. 751).” 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, 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 Cassen, seconded by Commissioner Sommer, to adjourn the meeting . All present voted in favor. Motion carried. The New Hope EDA adjourned at 9:32 p.m. Respectfully submitted, Eve Lomaistro Human Resources Coordinator New Hope EDA August 25, 2003 Page 2