Ed082498
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
Approved EDA Minutes August 24, 1998
Meeting #6 (Meeting held at Northwest Community Television Studio)
CALL TO ORDERPresident Enck called the meeting of the Economic Development Authority to order
at 8:13 p.m.
ROLL CALLPresent: Enck, Cassen, Collier, Norby
Absent: Otten
Staff Present: Sondrall, Hanson, Donahue, Leone, McDonald, Henry, French,
Clancy
APPROVE MINUTESMotion was made by Commissioner Norby, seconded by Commissioner Cassen, to
approve the EDA minutes of August 10, 1998. All present voted in favor. Motion
carried.
IMP. PROJECT 645 President Enck introduced for discussion Item 4, Motion Authorizing Staff to
Item 4 Obtain Appraisals of Regent Apartments at 7136 60th Avenue, 6017 Louisiana
Avenue, and 7124 Lombardy Lane (Improvement Project No. 645).
Mr. Kirk McDonald, Director of Community Development, reported that the EDA
recently considered a financial assistance request from the property owners of
nd
Regent Apartments. The EDA has targeted the entire 62 Avenue and West
Broadway area for future upgrading and redevelopment. The Regent Properties’
partners are interested in exploring the possibility of selling the properties to the
City at a fair selling price.
Mr. McDonald stated the property is located in an area where TIF funds can be
expended which are generated from other districts. He stated an appraisal of the
property would be paid for with EDA or TIF funds. Staff would like to explore the
option of demolishing the properties and reselling the property to a developer. He
noted staff’s intent to discuss the property with the owners of Broadway Village and
Anthony James Apartments.
Commissioner Collier recommended obtaining the appraisals to determine whether
acquisition is even feasible.
MOTION Motion was made by Commissioner Collier, seconded by Commissioner Cassen,
APPRAISALS authorizing staff to obtain appraisals of Regent Apartments properties.
All
Item 4
present voted in favor. Motion carried.
IMP. PROJECT 614 President Enck introduced for discussion Item 5, Resolution Approving
Item 5 Amendment No. 1 to the Initial Agreement Between Economic Development
Authority in and for the City of New Hope and the Minneapolis Public Housing
Authority (Improvement Project No. 614).
Mr. Kirk McDonald stated at the July 27 EDA Meeting, the EDA approved the
initial agreement with the Minneapolis Public Housing Authority for the PPL/Bass
Lake Townhomes Project. This action transfers the responsibility to the MPHA.
New Hope EDA August 24, 1998
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The EDA briefly discussed the PPL project schedule.
RESOLUTION Commissioner Norby introduced the following resolution and moved its adoption:
EDA 98-09 “RESOLUTION APPROVING AMENDMENT NO. 1 TO THE INITIAL
Item 5 AGREEMENT BETWEEN THE ECONOMIC DEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF NEW HOPE AND THE
MINNEAPOLIS PUBLIC HOUSING AUTHORITY (IMPROVEMENT
PROJECT NO. 614)”.
The motion for the adoption of the foregoing resolution
was seconded by Commissioner Collier, and upon vote being taken thereon, the
following voted in favor thereof; Enck, Cassen, Collier, Norby; and the following
voted against the same: None; Abstained: None; Absent: Otten; whereupon the
resolution was declared duly passed and adopted, signed by the president which
was attested to by the executive director.
ANNOUNCEMENTS President Enck thanked Northwest Community Television personnel for providing
the facility for the recent Council and EDA Meetings.
ADJOURNMENT Motion was made by Commissioner Collier, seconded by Commissioner Cassen, to
adjourn the meeting. All present voted in favor. The New Hope EDA adjourned at
8:24 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
New Hope EDA August 24, 1998
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