Loading...
031008 EDA CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 EDA Minutes March 10, 2008 Regular Meeting City Hall CALL TO ORDER President Opem called the meeting of the Economic Development Authority to order at 7:58 p.m. ROLL CALL Present: Martin Opem Sr., President Andy Hoffe, Commissioner Karen Nolte, Commissioner Steve Sommer, Commissioner Daniel Stauner, Commissioner Staff Present: Kirk McDonald, Executive Director Valerie Leone, City Clerk Jason Quisberg, City Engineer Steve Sondrall, City Attorney Eric Weiss, Community Development Intern APPROVE MINUTES Motion was made by Commissioner Hoffe, seconded by Commissioner Stauner, to approve the Regular Meeting Minutes of February 25, 2008. All present voted in favor. Motion carried. NORTH RIDGE CARE President Opem introduced for discussion Item 4, Resolution authorizing CENTER signatures on Termination of Covenants and Restrictions related to the North Item 4 Ridge Care Center, 5430 Boone Avenue North, Minnesota Masonic Home North Ridge, owner. Mr. Steve Sondrall, city attorney, explained that Minnesota Masonic Home North Ridge has requested release of covenants and restrictions relating to a refunding bond issue for North Ridge Care Center. He stated he reviewed the matter with Dorsey & Whitney, the city’s bond counsel, and the release is appropriate as the bonds are paid. Mr. Sondrall pointed out that the form must be revised to include signature lines for EDA officials rather than HRA officials. He recommended the EDA postpone action until the next meeting. MOTION Motion was made by Commissioner Hoffe, seconded by Commissioner Item 4 Stauner, to postpone action on the resolution until the March 24, 2008, meeting. All present voted in favor. Motion carried. ADJOURNMENT Motion was made by Commissioner Nolte, seconded by Commissioner Sommer, to adjourn the meeting. All present voted in favor. Motion carried. The New Hope EDA adjourned at 8:00 p.m. EDA Meeting Page 1March 10, 2008 Respectfully submitted, Valerie Leone, City Clerk EDA Meeting Page 2March 10, 2008