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