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011110 EDA CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 EDA Minutes January 11, 2010 Regular Meeting City Hall CALL TO ORDER President Hemken called the meeting of the Economic Development Authority to order at 8:55 p.m. ROLL CALL Present: Kathi Hemken, President John Elder, Commissioner Andy Hoffe, Commissioner Eric Lammle, Commissioner Daniel Stauner, Commissioner Staff Present: Kirk McDonald, City Manager Curtis Jacobsen, Director of Community Development Guy Johnson, Director of Public Works Valerie Leone, City Clerk Jason Quisberg, City Engineer Steve Sondrall, City Attorney APPROVE MINUTES Motion was made by Commissioner Elder, seconded by Commissioner Stauner, to approve the Regular Meeting Minutes of August 10, 2009. All present voted in favor. Motion carried. 7231 42 AVENUE President Hemken introduced for discussion Item 4, Discussion regarding nd Item 4 loan request to assist with gas tank removal at 7231 42 Avenue North. nd Mr. Curtis Jacobsen, director of community development, stated the city was contacted by the contract manager for MDW Equity LLC regarding 7231 42 nd Avenue North. He stated the request was for a city-issued loan of $16,445 to assist with removal of buried gas tanks on the property. Mr. Jacobsen explained the request does not meet the minimum requirements of the city’s Business Subsidy policy, but staff always presents such requests to the EDA for a decision. Commissioner Stauner noted the request could fall under #21 “Business loans and loan guarantees of $75,000 or less”. The EDA discussed the Pollution Control Agency’s involvement and the need for a formal plan regarding the loan request for the removal of tanks. It was noted there is no confirmed evidence of soil contamination. Mr. Jacobsen noted West Metro Fire-Rescue District is assisting the city with the MPCA’s Enforcement Authority. Commissioner Lammle recommended a soil remediation plan be submitted in addition to the tank removal plan. EDA Meeting Page 1January 11, 2010 Staff was directed to contact the property owner to solicit additional information. IMP. PROJECT 842 President Hemken introduced for discussion Item 5, Resolution approving an Item 5 amended and restated interim agreement between Ryan Companies, Inc., and the New Hope Economic Development Authority for the potential redevelopment of City Center (improvement project no. 842). Mr. Curtis Jacobsen, director of community development, stated adoption of the resolution would extend the agreement until August, 2010. Mr. Mark Schoening of Ryan Companies was recognized. He noted the complexity of the proposed project and the need for the extension. He stated he continues to believe in the project and Ryan Companies continues to have resources to pursue the development. Discussion ensued and the EDA expressed its strong desire for construction of a Super Target which would include a grocery component. Mr. Schoening acknowledged that he understands the EDA’s position. He spoke of the need for a staged plan for a successful redevelopment. Commissioner Lammle thanked Mr. Schoening for his efforts. He agreed with the incremental approach of the development. EDA RESOLUTION Commissioner Lammle introduced the following resolution and moved its 10-01 adoption: “RESOLUTION APPROVING AN AMENDED AND RESTATED Item 5 INTERIM AGREEMENT BETWEEN RYAN COMPANIES, INC., AND THE NEW HOPE ECONOMIC DEVELOPMENT AUTHORITY FOR THE POTENTIAL REDEVELOPMENT OF CITY CENTER (IMPROVEMENT PROJECT NO. 842).” The motion for the adoption of the foregoing resolution was seconded by Commissioner Elder, and upon vote being taken thereon, the following voted in favor thereof: Hemken, Elder, Hoffe, Lammle, Stauner; 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 Lammle, seconded by Commissioner Elder, to adjourn the meeting. All present voted in favor. Motion carried. The New Hope EDA adjourned at 9:15 p.m. Respectfully submitted, Valerie Leone, City Clerk EDA Meeting Page 2January 11, 2010