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ED102797 CITY OF NEW HOPE 4401 XYLON AVENUE NORTH HENNEPIN COUNTY, MINNESOTA 55428 Approved EDA Minutes October 27, 1997 Meeting #11 CALL TO ORDERPresident Enck called the meeting of the Economic Development Authority to order at 8:46 p.m. ROLL CALLPresent: Enck, Cassen, Collier, Norby Otten Staff Present: Sondrall, Hanson, Donahue, Leone, McDonald, Olson, Clancy APPROVE MINUTESMotion was made by Commissioner Cassen, seconded by Commissioner Collier, to approve the EDA minutes of October 13, 1997. Voting in favor: All. Motion carried. 7302-7316 Bass Lk Rd President Enck introduced for discussion Item 4, Presentation by Project for IMPROVEMENT Pride in Living, Inc. Regarding Concept Proposal for Redevelopment of PROJECT NO. 614 Multi-family Dwelling at 7302-7316 Bass Lake Road. Item 4 Mr. Dan Donahue, City Manager, explained that staff has had discussions with representatives from Project for Pride in Living (PPL) regarding the eight four-plex buildings located behind the gas station at 73rd and Bass Lake Road. Mr. Donahue introduced Steve Cramer, President of Pride for Living, Inc. Mr. Cramer provided background of PPL. He presented a preliminary concept plan for a development which would create 34 family rental units on Bass Lake Road between Nevada and Pennsylvania Avenue. He illustrated the proposed housing units and range of rent. At the conclusion of his presentation Mr. Cramer indicated that PPL would require a commitment by the City of New Hope prior to spring of 1998. He emphasized that they would conduct a neighborhood meeting for community input. The City Council unanimously expressed support for the proposed concept. ADJOURNMENT Motion was made by Commissioner Norby, seconded by Commissioner Collier, to adjourn the meeting. All present voted in favor. The New Hope EDA adjourned at 9:15 p.m. Respectfully submitted, Valerie Leone City Clerk New Hope EDA October 27, 1997 Page 1