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Ed072699.doc CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 Approved EDA Minutes July 26, 1999 Regular Meeting City Hall CALL TO ORDERPresident Enck called the meeting of the Economic Development Authority to order at 8:01 p.m. ROLL CALLPresent: Enck, Cassen, Collier, Norby, Thompson Staff Present: Sondrall, Donahue, Leone, McDonald, Johnson APPROVE MINUTES Motion was made by Commissioner Thompson, seconded by Commissioner Cassen, to approve the Regular Meeting Minutes of June 28, 1999. All present voted in favor. Motion carried. ND 7500 42 AVE. N. President Enck introduced for discussion Item 4, Resolution Approving Purchase nd IMP. PROJECT 474 Agreement to Acquire Property at 7500 42 Avenue North by Direct Purchase or Condemnation (Improvement Project No. 474). Mr. Kirk McDonald, Director of Community Development, stated in June the EDA directed staff to proceed with the acquisition of the property for a price not to exceed $482,000 (a compromise between the asking price and the City’s appraisal). The property owner is willing to enter into a purchase agreement with the City for this amount. Mr. McDonald noted Northern Environmental has completed a Phase 1 Environmental Site Assessment of the property and has determined that there is no evidence of recognized Environmental Conditions (RECs) in connection with the property except for the contamination associated with the Electronic Industries site and some staining off the northeast corner of the building. Northern Environmental recommends that the City seeks a “No Association” letter from the MPCA related to the contamination from off-site sources and also recommends that a soil sample be collected from the area of the stain for soil analysis. He stated the City is proceeding with both of these recommendations. Mr. McDonald stated purchase of the property should be concluded by mid-August. Commissioner Norby inquired whether the project will include demolition of the building. She noted this would be an additional expense. Mr. McDonald responded affirmatively to Commissioner Norby’s inquiry. EDA Commissioner Cassen introduced the following resolution and moved its adoption: RESOLUTION 99-10 “RESOLUTION APPROVING PURCHASE AGREEMENT TO ACQUIRE ND PROPERTY AT 7500 42 AVENUE NORTH BY DIRECT PURCHASE OR CONDEMNATION (IMPROVEMENT PROJECT NO. 474)”. The motion for the adoption of the foregoing resolution was seconded by Commissioner Norby, and upon vote being taken thereon, the following voted in favor thereof: Enck, Cassen, Collier, Norby, Thompson; and the following voted against the same: None; Abstained: None; Absent: None; whereupon the resolution was declared duly New Hope EDA July 26, 1999 passed and adopted, signed by the president which was attested to by the executive Page 1 . director Collier, Norby, Thompson; 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 to Motion was made by Commissioner Collier, seconded by Commissioner Cassen, adjourn the meeting . All present voted in favor. Motion carried. The New Hope EDA adjourned at 8:04 p.m. Respectfully submitted, Valerie Leone City Clerk New Hope EDA July 26, 1999 Page 2