Ed110998
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
Approved EDA Minutes November 9, 1998
Meeting #8 City Hall
CALL TO ORDERPresident Enck called the meeting of the Economic Development Authority to order
at 8:48 p.m.
ROLL CALLPresent: Enck, Cassen, Collier, Norby, Otten
Staff Present: Sondrall, Hanson, Donahue, Leone, McDonald, Henry, French,
Schuster, Johnson
APPROVE MINUTESMotion was made by Commissioner Otten, seconded by Commissioner Cassen, to
approve the EDA minutes of September 28, 1998. All present voted in favor.
Motion carried.
IMP. PROJECT 597 President Enck introduced for discussion Item 4, Discussion Regarding
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9200 49 Ave. N. Development of City-Owned Property at 9200 49 Avenue North (Improvement
Item 4 Project No. 597).
Mr. Kirk McDonald, Director of Community Development, explained that over the
past 16 months the City has received several inquiries from industrial/commercial
businesses and developers who have had a potential interest in the property.
In July the EDA directed staff to develop a request for proposal that outlines the
type of development the City desires for the site, present it to the EDA for approval,
and seek RFPs from interested persons. A draft RFP has been prepared. However,
staff has recently met with Gary Nordness, President of Essence Real Estate
Services, Inc., and with the owners of Contract Hardware Company, Inc. who are
interested in negotiating with the City for the purchase of the property and who
have presented a concept plan that would maximize development on the site. Mr.
McDonald described the type of business and the proposal.
Mr. McDonald asked whether the EDA is desirous of having staff pursue
negotiations with ERSI and Contract Hardware Company for the potential purchase
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of the city-owned property at 9200 49 Avenue North.
The EDA agreed that the proposal appears to be a compatible use and directed staff
to proceed with negotiations. Mr. McDonald stated his intention to report back to
the EDA within a month.
IMP. PROJECT 645 President Enck introduced for discussion Item 5, Discussion Regarding Appraisal
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Regent Apartments of Regent Apartments at 7136 60 Avenue, 6017 Louisiana Avenue and 7124
Item 5 Lombardy Lane (Improvement Project No. 645).
Mr. Kirk McDonald advised the EDA that the appraisal of the properties revealed a
value of $1,000,000. He also estimated the cost to relocate the 35 tenants would be
$258,000. He illustrated the redevelopment area and suggested incorporating the
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two adjacent single family homes at 7128 60 and 7104 Lombardy to the project.
He presented four options for consideration by the EDA.
New Hope EDA November 9, 1998
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Commissioner Norby emphasized the need for high density housing such as
townhomes for moderate income residents.
Commissioner Collier inquired whether the area is in a Tax Increment District.
Mr. McDonald affirmed that the properties are in a plan area and TIF dollars can
be expended.
Mr. Dan Donahue, City Manager, stated that due to the complexity of the project,
he suggested authorizing a planning firm to conduct a financial analysis. He noted
the importance of determining how to best stage the process.
Commissioner Cassen recommended including the entire area if a project is
undertaken.
The EDA directed staff to hire a planning firm to conduct a financial analysis and
several concept plans for potential redevelopment in the area.
IMP. PROJECT 603 President Enck introduced for discussion Item 6, Resolution Requesting the
7819 Angeline Drive Purchase of Tax Forfeited Land at 7819 Angeline Drive (Improvement Project No.
Item 6 603).
Mr. Donahue stated staff has recently learned that the City needs to pay the
appraised value of the property in order to purchase it. The property at 7819
Angeline Drive has an assessed value of $1,000 and a fair market value of $13,700.
Staff is requesting authority to purchase the property for no more than $5,000.
He noted the lot next to 7819 Angeline Drive may be available next year and staff
would like to acquire both properties to pursue a scattered site redevelopment
project.
RESOLUTION Commissioner Norby introduced the following resolution and moved its adoption:
EDA 98-11 “RESOLUTION REQUESTING PURCHASE OF TAX FORFEITED LAND
Item 6 AT 7819 ANGELINE DRIVE”.
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, 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 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 November 9, 1998
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