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051214 EDA Exec Sess CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 EDA Minutes May 12, 2014 Executive Meeting City Hall CALL TO ORDER President Hemken called a closed meeting of the Economic Development Authority to order at 8:30 p.m. ROLL CALL Present: Kathi Hemken, President Daniel Stauner, Commissioner John Elder, Commissioner Andy Hoffe, Commissioner Eric Lammle, Commissioner Staff Present: Kirk McDonald, City Manager Curtis Jacobsen, Director Of Community Development Valerie Leone, City Clerk Jeff Sargent, Community Development Specialist Steve Sondrall, City Attorney Also Present: Bob Deike, EDA Attorney Stacie Kvilvang, Ehlers REDEVELOPMENT President Hemken introduced for discussion item 11.1, Discussion regarding Item 11.1 offer to purchase the former Kmart and Wells Fargo Bank site from the EDA. President Hemken stated the purpose of the closed meeting is to discuss an offer received by the EDA to purchase the EDA’s property known as the former Kmart and Wells Fargo Bank site. ADJOURNMENT Motion was made by Commissioner Lammle, seconded by Commissioner Elder, 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 EDA Executive Session Page 1May 12, 2014