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081009 EDACITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 EDA Minutes August 10, 2009 Regular Meeting City Hall CALL TO ORDER President Hemken called the meeting of the Economic Development Authority to order at 8:00 p.m. ROLL CALL Present: Kathi Hemken., President John Elder, Commissioner Andy Hoffe, Commissioner Eric Lammle, Commissioner Daniel Stauner, Commissioner Staff Present: Kirk McDonald, City Manager Guy Johnson, Director of Public Works Valerie Leone, City Clerk Jason Quisberg, City Engineer Steve Sondrall, City Attorney Eric Weiss, Community Development Assistant APPROVE MINUTES Motion was made by Commissioner Elder, seconded by Commissioner Hoffe, to approve the Regular Meeting Minutes of February 9, 2009. Voting in favor. Hemken, Elder, Hoffe, Stauner; Voting against: None; Abstained: Lammle; Absent: None. Motion carried. IMP PROJECT 842 President Hemken introduced for discussion Item 4, Resolution approving an Item 4 amended and restated interim agreement between Ryan Companies, Inc., and the New Hope Economic Development Authority for the potential redevelopment of City Center (improvement project no. 842). Mr. Kirk McDonald, city manager, noted the Council work session with Ryan Companies was held June 13 (not July 13). He stated at that time it was the consensus of the Council to extend the interim agreement with Ryan Companies to allow the developer to continue to explore the feasibility of the City Center redevelopment. Mr. McDonald reported that the City Council met with the Robbinsdale School Board prior to tonight's meeting and was advised of the School Board's continued interest in a possible relocation of their administration building at the corner of 42nd and Winnetka. Mr. McDonald pointed out Item 3(i) of the agreement and expressed uncertainty that a zoning application will be submitted by October 15, 2009. The EDA reviewed the Amended and Restated Interim Agreement and directed staff to delete the first sentence of Item 3(i); to change the second EDA Meeting Page 1 August 10, 2009 sentence to "The Authority and Redeveloper agree that the review of the any planning application may take more than 120 days and mutually agree to extend the review as necessary"; and agree to a six month extension instead of a year extension (amend page 1 and Item 5 on page 5 to February 10, 2010). Commissioner Hoffe inquired regarding the costs described in item 4. City Attorney Sondrall clarified that the city has agreed to 50% of the costs incurred related to utilization of the financial consultant for the TIF District qualification. MOTION Motion was made by Commissioner Elder, seconded by Commissioner Item 4 Lammle, to approve the amended interim agreement with a six month extension. All present voted in favor. Motion carried. 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 8:12 p.m. Respectfully submitted, 1'u67,�o Valerie Leone, City Clerk EDA Meeting Page 2 August 10, 2009