Loading...
032408 EDACITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 EDA Minutes March 24, 2008 Regular Meeting City Hall CALL TO ORDER President Opem called the meeting of the Economic Development Authority to order at 9:20 p.m. ROLL CALL Present: Martin Opem Sr., President Andy Hoffe, Commissioner Karen Nolte, Commissioner Daniel Stauner, Commissioner Absent: Steve Sommer, Commissioner Staff Present: Curtis Jacobsen, Director of Community Development Guy Johnson, Director of Public Works Valerie Leone, City Clerk Julie Linnihan, Finance Manager Jason Quisberg, City Engineer Steve Sondrall, City Attorney APPROVE MINUTES Motion was made by Commissioner Nolte, seconded by Commissioner Stauner, to approve the Regular Meeting Minutes of March 10, 2008. Voting in favor: Opem, Hoffe, Nolte, Stauner; and the following voted against: None; Abstained: None; Absent: Sommer. Motion carried IMP. PROJECT 842 President Opem introduced for discussion Item 4, Request that the EDA Item 4 authorize staff to proceed with contracting LHB Corporation for a probability analysis report of the city center area (improvement project no. 842). Mr. Curtis Jacobsen, director of community development, stated staff has been meeting with Ryan Companies regarding the potential redevelopment of the city center area and construction of a Super Target. He stated the city, Krass Monroe and Ryan Companies have discussed contracting with LHB to conduct a "probability review" for the parcels and ten buildings proposed for inclusion in a tax increment district. He stated a probability analysis would be a less extensive analysis than a full blight report, but would be adequate in determining the structural substandard status of the buildings. Mr. Jacobsen stated the quote from LHB Corporation to perform the probability analysis report is $2,500 which would be split 50 -50 between the city and Ryan Companies. Mr. Jacobsen stated if the EDA authorizes the probability analysis, it will be completed within 60 days. EDA Meeting Page 1 March 24, 2008 President Opem questioned whether a similar report was previously conducted for the area. Staff could not recall such a report being done in the past. Ms. Julie Linnihan, finance manager, stated she would confirm her findings but to the best of her knowledge, a probability analysis has not been undertaken for the city center area. Commissioner Hoffe inquired of the timeline for learning of the project's financial feasibility. Mr. Jacobsen reported that staff intends to present financial information from Krass Monroe at the April 28 EDA meeting. Mr. Jacobsen explained the definition of "structurally substandard" and noted a building could be considered structurally substandard if it does not meet current building codes. MOTION Motion was made by Commissioner Nolte, seconded by Commissioner Item 4 Stauner, authorizing staff to proceed with contracting LHB Corporation for a probability analysis report of the city center area (improvement project no. 842) for a cost of $2,500 to be shared 50 -50 between the city and Ryan Companies. All present voted in favor. Motion carried NORTH RIDGE CARE President Opem introduced for discussion Item 5, Resolution authorizing CENTER signatures on Termination of Covenants and Restrictions related to the North Item 5 Ridge Care Center, 5430 Boone Avenue North, Minnesota Masonic Home North Ridge, owner. Mr. Steve Sondrall, city attorney, explained that he has discussed the matter with the attorney from Minnesota Masonic Home North Ridge. Mr. Sondrall stated from a legal standpoint it may be less cumbersome to have the requested action undertaken by the HRA rather than the EDA as the covenants were originally approved by the HRA. He noted the city never abolished the HRA (Housing and Redevelopment Authority) even though its powers were transferred to the EDA, but commented that city must post a separate meeting notice for the HRA meeting. The EDA agreed to postpone action on Item 5 until April 14, 2008, at which time the Council will serve in an HRA capacity. ADJOURNMENT Motion was made by Commissioner Nolte, seconded by Commissioner Stauner, to adjourn the meeting. All present voted in favor. Motion carried The New Hope EDA adjourned at 9:36 p.m. Respectfully submitted, Valerie Leone, City Clerk EDA Meeting Page 2 March 24, 2008