Ed052499.doc
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
Approved EDA Minutes May 24, 1999
Regular Meeting City Hall
CALL TO ORDERPresident Enck called the meeting of the Economic Development Authority to order
at 8:11 p.m.
ROLL CALLPresent: Enck, Cassen, Collier, Norby, Thompson
Staff Present: Sondrall, Hanson, Donahue, Henry, Lomaistro
APPROVE MINUTES Motion was made by Commissioner Norby, seconded by Commissioner Cassen, to
approve the Regular Meeting Minutes of May 10, 1999. All present voted in favor.
Motion carried.
ND
7500 42 AVE. N. President Enck introduced for discussion Item 4, Discussion Regarding Option
nd
IMP. PROJECT 474 Agreement on Property at 7500 42 Avenue North (Improvement Project No. 474).
Item 4
Mr. Donahue, City Manager, stated the EDA has expressed interest in acquiring
this property and staff has suggested that the City pay an option of $4,200 to
guarantee that the property remains vacant during the month of June until the
City’s appraisal is completed and until negotiations are complete. Staff desires to
avoid the risk of having a new tenant in the building which would result in
relocation costs. Mr. Donahue indicated that after giving the matter further
consideration he is willing to take the risk that the property will remain vacant. He
commented that the City may not arrive at a negotiated settlement in one months’
time and then another $4,200 would be required for the following month.
Commissioner Collier concurred that it would be unlikely that an agreement could
be achieved in a month.
The consensus of the EDA was to take no action regarding the option agreement.
Mr. Donahue commented that it may be best for the City to move toward
condemnation. President Enck suggested review of the appraisal to ensure its
completeness.
ADJOURNMENT to
Motion was made by Commissioner Cassen, seconded by Commissioner Collier,
adjourn the meeting
. All present voted in favor. Motion carried. The New Hope
EDA adjourned at 8:14 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
New Hope EDA May 24, 1999
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New Hope EDA May 24, 1999
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