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.
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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
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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
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