062606 EDA
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
EDA Minutes June 26, 2006
Regular Meeting City Hall
CALL TO ORDER
President Pro tem Sommer called the meeting of the Economic Development
Authority to order at 7:56 p.m.
ROLL CALL
Present: Mary Gwin-Lenth, Commissioner
Andy Hoffe, Commissioner
Karen Nolte, Commissioner
Steve Sommer, Commissioner
Absent: Martin Opem Sr., President
Staff Present: Dan Donahue, City Manager
Carlos Espinosa, Community Development Intern
Curtis Jacobsen, Community Development Specialist
Valerie Leone, City Clerk
Steve Sondrall, City Attorney
Vince VanderTop, Assistant City Engineer
APPROVE MINUTES
Motion was made by Commissioner Hoffe, seconded by Commissioner Nolte,
to approve the Regular Meeting Minutes of May 8 2006. Voting in favor:
Gwin-Lenth, Hoffe, Nolte, Sommer; Voting Against: None; Absent: Opem;
Abstained: None. Motion carried.
IMP. PROJECT 795
President Pro tem Sommer introduced for discussion Item 4, Resolution
Item 4
approving and authorizing signing of the purchase and development
agreement between Q Village, LLC and the Economic Development Authority
in and for the city of New Hope, Minnesota (improvement project no. 740).
Mr. Curtis Jacobsen, community development specialist, explained that the
city attorney has prepared the purchase and development agreement with
Quebec Properties, LLC. He noted the public hearing for the sale of the city-
owned property at 42 and Quebec took place on June 13, 2005. He stated
nd
upon execution of the agreement, the City will receive payment of $510,000
for the sale of the land.
Commissioner Gwin-Lenth inquired regarding the name of the purchasing
entity.
Mr. Steve Sondrall, city attorney, replied the name of the purchasing entity is
Quebec Properties, LLC. He commented that Manley Development will
remain involved with the project. He also noted the closing is scheduled to
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Page 1June 26, 2006
take place on or before August 14, 2006.
President Pro tem Sommer pointed out that the buyer will pay all brokerage
charges, will pay a one-time consulting fee of $30,000 for tenant marketing,
and in the event the buyer cannot locate an acceptable restaurant at the
property within one year, the City will receive an additional $15,000. He
noted the community survey revealed the residents would like a family-style
restaurant and the Council is striving to attain one.
The EDA expressed support for the project and approval of the agreement.
EDA RESOLUTION
Commissioner Gwin-Lenth introduced the following resolution and moved
06-05 its adoption: “RESOLUTION APPROVING AND AUTHORIZING
Item 4 SIGNING OF THE PURCHASE AND DEVELOPMENT AGREEMENT
BETWEEN Q VILLAGE, LLC AND THE ECONOMIC DEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF NEW HOPE, MINNESOTA
(IMPROVEMENT PROJECT NO. 740).” The motion for the adoption of the
foregoing resolution was seconded by Commissioner Nolte, and upon vote
being taken thereon, the following voted in favor thereof: Gwin-Lenth, Hoffe,
Nolte, Sommer; and the following voted against the same: None; Abstained:
None; Absent: Opem; 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 Hoffe,
to adjourn the meeting. Voting in favor: Gwin-Lenth, Hoffe, Nolte, Sommer;
Voting Against: None; Absent: Opem; Abstained: None. Motion carried.
The New Hope EDA adjourned at 8:05 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
EDA Meeting
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