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051914 EDA Exec Sess CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 EDA Minutes May 19, 2014 Executive Meeting City Hall CALL TO ORDER President Hemken called a closed meeting of the Economic Development Authority to order at 8:46 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 Valerie Leone, City Clerk Also Present: Stacie Kvilvang, Ehlers Jason Aarsvold, 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. Ms. Stacie Kvilvang, Ehlers, updated the EDA on property discussions and received directives from the EDA. 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 9:00 p.m. Respectfully submitted, Valerie Leone, City Clerk EDA Executive Session Page 1May 19, 2014