121007 EDA
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
EDA Minutes December 10, 2007
Regular Meeting City Hall
CALL TO ORDER
President Opem called the meeting of the Economic Development Authority
to order at 7:41 p.m.
ROLL CALL
Present: Martin Opem Sr., President
Andy Hoffe, Commissioner
Karen Nolte, Commissioner
Daniel Stauner, Commissioner
Absent: Steve Sommer, Commissioner
Staff Present: Kirk McDonald, City Manager
Sherry Draper, Director of Administration
Shari French, Director of Parks & Recreation
Curtis Jacobsen, Community Development Specialist
Guy Johnson, Director of Public Works
Valerie Leone, City Clerk
Gary Link, Director of Police
Julie Linnihan, Finance Manager
Jason Quisberg, City Engineer
Steve Sondrall, City Attorney
APPROVE MINUTES
Motion was made by Commissioner Nolte, seconded by Commissioner
Stauner, to approve the Regular Meeting Minutes of November 26, 2007.
Voting in favor: Opem, Hoffe, Nolte, Stauner; Voting against: None; Absent:
Sommer; Abstained: None. Motion carried.
TIF DISTRICTS
President Opem introduced for discussion Item 4, Public Hearing/Resolution
Item 4
modifying the restated redevelopment plan for redevelopment project no. 1
and the tax increment financing plans for tax increment financing districts
nos. 85-1, 85-2 and 86-1.
Mr. Curtis Jacobsen, community development specialist, explained that the
city’s financial consultant, Krass Monroe, has recommended modifications to
TIF plans as required by state law so that the budgets for the TIF districts are
in line with the actual operation of the TIF districts. He illustrated the affected
TIF districts and stated TIF District 85-2 comprises the Volunteers of America
Apartments, TIF District 85-2 is the 42 Avenue area, and TIF District 85-1 is
nd
the Emerald Point Apartments.
Mr. Jim Casserly, Krass Monroe, was recognized. He stated it is not unusual
to periodically modify TIF plans. He stated the revenues and expenses of TIF
districts 85-1, 85-2, and 86-1 are not in balance, and modifications will enable
EDA Meeting
Page 1December 10, 2007
better tracking of the funds by Krass Monroe and the city.
EDA RESOLUTION
Commissioner Nolte introduced the following resolution and moved its
07-04 adoption: “RESOLUTION MODIFYING THE RESTATED
Item 4 REDEVELOPMENT PLAN FOR REDEVELOPMENT PROJECT NO. 1 AND
THE TAX INCREMENT FINANCING PLANS FOR TAX INCREMENT
FINANCING DISTRICTS NOS. 85-1, 85-2 AND 86-1.” The motion for the
adoption of the foregoing resolution was seconded by Commissioner Hoffe,
and upon vote being taken thereon, the following voted in favor thereof:
Opem, Hoffe, Nolte, Stauner; and the following voted against the same: None;
Abstained: None; Absent: Sommer; 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 Stauner, seconded by Commissioner
Nolte, to adjourn the meeting. All present voted in favor. Motion carried.
The New Hope EDA adjourned at 7:44 p.m.
Respectfully submitted,
Valerie Leone, City Clerk
EDA Meeting
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