ED042897 CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
HENNEPIN COUNTY, MINNESOTA 55428
Approved EDA Minutes April 28, 1997
Meeting #4
CALL TO ORDER President Enck called the meeting 'of the Economic Development Authority
to order at 7:05 p.m.
ROLL CALL Present: Enck, Cassen, Collier, Norby
Absent: Otten
Staff Present: Sondrall, Hanson, Donahue, Leone, McDonald, Olson
APPROVE MINUTES Motion was made by Commissioner Cassen, seconded by Commissioner
Collier, to approve the EDA minutes of March 10, 1987. Voting in favor:
Enck, Cassen, Collier,-Norby: Abstained: None; Absent: Otten. Motion
carried.
TIF PLAN President Enck introduced for discussion Item 4, Resolution Approving
Item 4 1997-2 Amendment to Master Modification to Redevelopment .Plans and
Tax Increment Financing Plans and Requesting the Approval of the City
Council.
Mr. Dan Donahue, City Manager, explained that this amendment would
authorize the expenditure of tax increment revenues derived from the Tax
Increment Districts to pay costs of a senior adult day care and senior
resource center on property owned by the EDA and located at 5425 and
5501 Boone Avenue North. The New Hope Economic Development
Authority approves the ~master modification" to the redevelopment and
tax increment financing plans and must approve the amendment prior to
consideration by the City Council.
Mr. Donahue clarified that although no specific plan is set forth, the
amendment would save substantial time if the City .Council authorized a
future development.
EDA Commissioner Norby introduced the following resolution, and moved its
RESOLUTION 97-05 adoption: "RESOLUTION APPROVING 1997-2 AMENDMENT TO MASTER
Item 4 MODIFICATION TO REDEVELOPMENT PLANS AND TAX INCREMENT
FINANCING PLANS AND REQUESTING THE APPROVAL OF THE CITY
COUNCIL)'. The motion for adoption of the foregoing resolution was
seconded by Commissioner Cassen, and upon vote being taken thereon
the following voted in favor thereof: Enck, Cassen, Collier, Norby; and
the following voted against the same: None; Abstained: None; Absent:
Otten; whereupon the resolution was de~:lared duly passed, and adopted,
signed by the president which was attested to by the executive director.
ADJOURNMENT Motion was made by Commissioner Collier, seconded by Commissioner
Cassen, to adjourn the meeting. All present voted in favor. The New
Hope EDA adjourned at 7:12 p.m.
[,~Z~_~_LpectfullY submitted'
Valerie Leone
City Clerk