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Ed082800 CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 Approved EDA Minutes August 28, 2000 Regular Meeting City Hall CALL TO ORDER President Enck called the meeting of the Economic Development Authority to order at 8:08 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 Norby, seconded by Commissioner Thompson, to approve the Regular Meeting Minutes of August 14, 2000 . All present voted in favor. Motion carried. FUNDING President Enck introduced for discussion Item 4, Discussion Regarding ASSISTANCE Correspondence/Funding Assistance Request Received From L’Esperance Owners st Item 4 Association, 7924-8020 51 Avenue North. Mr. Kirk McDonald, Director of Community Development, explained that the L’Esperance Owners Association contacted the City to request funding assistance to st make needed improvements to their properties at 7924-8020 51 Avenue North. There are two buildings containing a total of twelve units. The buildings were constructed in 1962 and are noted in the Comprehensive Plan for declining building and site conditions. Over the past year representatives of the Association have been discussing with staff the methods of financing the improvements. The Association is seeking to undertake the same type of Housing Improvement Area as was done by Sandpiper Cove Townhomes. The improvements would include new roofs, gutters and downspouts, windows, doors, drain tile, and parking lot improvements for an approximate cost of $125,000. Mr. McDonald stated if the EDA is receptive to the project, staff recommends that the City inspectors review the properties to determine if other improvements should be included in the project. The Association has indicated that they would be willing to incorporate additional improvements if necessary. He noted there are a variety of funding programs available for the rehabilitation of single family homes and apartments, but funding mechanisms are scarce for the rehabilitation of owner-occupied multiple family units, such as townhomes and condominiums. Creation of a “housing improvement area” may be the most suitable program for this project. Ms. Rita Kolodjski, President of L’Esperance Owners Association, was recognized. She stated the association has been discussing the improvements for over a year and there is unanimous agreement. President Enck initiated discussion regarding inclusion of the property to the east. New Hope EDA August 28, 2000 Page 1 It was noted that the property recently changed ownership and the owner may be interested in a cooperative project. Mr. Steve Sondrall, City Attorney, pointed out that if the property to the east is a rental property it may not qualify for this funding mechanism. He indicated he would research the issue. Commissioner Collier encouraged staff to contact the property owner to the east and perhaps offer a different funding option. Commissioner Thompson asked if the lighting would be improved. Mr. McDonald responded that improved parking lot lighting is included in the plan. Commissioner Cassen suggested the Association consider a reconfiguration of the parking lot. The EDA expressed support and directed staff to proceed with the project for the L’Esperance Owners Association. ADJOURNMENT to Motion was made by Commissioner Norby, seconded by Commissioner Cassen, adjourn the meeting . All present voted in favor. Motion carried. The New Hope EDA adjourned at 8:20 p.m. Respectfully submitted, Valerie Leone City Clerk New Hope EDA August 28, 2000 Page 2