ED031097
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
HENNEPIN COUNTY, MINNESOTA 55428
Approved EDA Minutes March 10, 1997
Meeting #3
CALL TO ORDERPresident W. Peter Enck called the meeting of the Economic Development
Authority to order at 10:16 p.m.
ROLL CALLPresent: Enck, Cassen, Collier, Norby, Otten
Staff Present: Sondrall, Hanson, Donahue, Leone, McDonald
APPROVE MINUTESMotion was made by Commissioner Collier, seconded by Commissioner
Norby, to approve the EDA minutes of February 24, 1997. All lpresent voted
in favor. Motion carried.
IMP. PROJECT 510 President Enck introduced for discussion Item 4, Resolution Approving
Item 4 Extension of Repayment Term of Rehab Loans to New Hope Apartments
(Improvement Project No. 510).
President Enck noted that the extension is requested due to the extended
time period of the project.
EDA Commissioner Collier introduced the following resolution and moved its
RESOLUTION 97-04 adoption: "
RESOLUTION APPROVING EXTENSION OF REPAYMENT
Item 4
TERM OF REHAB LOANS TO NEW HOPE APARTMENTS
The motion for adoption of the
(IMPROVEMENT PROJECT NO. 510)”.
foregoing resolution was seconded by Commissioner Cassen, and upon
vote being taken thereon the following voted in favor thereof: Enck,
Cassen, Collier, Norby, Otten; 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 Collier, seconded by Commissioner
Cassen, . All present voted in favor. The New
to adjourn the meeting
Hope EDA adjourned at 10:18 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
New Hope EDA March 10, 1997
Page 1