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Ed050800 CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 Approved EDA Minutes May 8, 2000 Regular Meeting City Hall CALL TO ORDER President Enck called the meeting of the Economic Development Authority to order at 8:36 p.m. ROLL CALL Present: W. Peter Enck, President Sharon Cassen, Commissioner Don Collier, Commissioner Pat LaVine Norby, Commissioner Mark Thompson, Commissioner APPROVE MINUTES Motion was made by Commissioner Thompson, seconded by Commissioner to approve the Regular Meeting Minutes of April 10, 2000 Collier, . Voting in favor: Enck, Cassen, Collier, Thompson; Abstained: Norby. Motion carried. IMP. PROJECT 669 President Enck introduced for discussion Item 4, Motion Authorizing Staff to Item 4 Proceed with Activities to Prepare for Demolition of City-owned Commercial Building at 5550 Winnetka Avenue North (Improvement Project No. 669). Mr. Kirk McDonald, Director of Community Development, indicated the closing on the property took place on April 28. Staff is seeking permission to demolish the structure. The EDA authorized staff to obtain demolition quotes and expedite the process by not requiring the quotes to be brought back to the EDA. Commissioner Collier suggested contacting West Metro Fire-Rescue regarding possible training opportunities at the site prior to demolition. President Enck recommended staff contact the owner of 7809 Bass Lake Road regarding potential purchase. MOTION Motion was made by Commissioner Collier, seconded by Commissioner Item 4 , authorizing staff to proceed with demolition of City-owned Thompson commercial building at 5550 Winnetka Avenue North (Improvement Project No. 669); allowing West Metro to use the structure as a training opportunity if desired; and to directing staff to inquire of potential purchase of property at 7809 Bass Lake Road. All present voted in favor. Motion carried. 3601 WINNETKA President Enck introduced for discussion Item 5, Discussion Regarding Potential Item 5 Redevelopment at 3601 Winnetka Avenue and Request for Financial Assistance for Demolition Activities. Mr. Kirk McDonald, Director of Community Development, inquired whether the EDA would be interested in becoming involved with redevelopment of 3601 Winnetka Avenue North. He stated the City has recently been contacted by a developer from the Acacia Real Estate Group, LLC who has indicated they have purchased the property. They are interested in constructing a new 8,000 square foot commercial building that would accommodate several tenants, potentially including a Star Bucks Coffee with New Hope EDA May 8, 2000 Page 1 sidewalk café and a Pilgrim Cleaners. They have inquired regarding the City’s interest in assisting with the project and have requested $25,000 from the City for building demolition/site clearance costs. The developer has indicated that if a new building is not possible, they may re-use the existing building. Issues discussed by the EDA included: demolition estimate appears high, inadequate plan for development or tenants, lack of City funding since property is not located in a TIF area, and whether subsidy would be appropriate for the project. CONSENSUS The consensus of the Commission was not to become involved with the potential Item 5 redevelopment at 3601 Winnetka Avenue at this time. ADJOURNMENT Motion was made by Commissioner Collier, seconded by Commissioner Thompson, to adjourn the meeting. All present voted in favor. Motion carried. The New Hope EDA adjourned at 8:45 p.m. Respectfully submitted, Valerie Leone City Clerk New Hope EDA May 8, 2000 Page 2