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031196 EDA Official File Copy CITY OF NEW HOPE EDA AGENDA EDA Regular Meeting #4 March 11, 1996 Agenda #5 Pres~dent Edward J. Erickson Comm/ss/oner W. Peter Enck Comm/ss/oner Pat La V/ne Norby Comm/ss/oner Gerald Otten Comm/ss/oner Terri Wehl/ng 1. Call to Order 2. Roll Call 3. Approval of Minutes of February 12, 1996 and February 27, 1996 4. Consideration of Bid for Spring/Summer Banners 5. Adjournment CITY OF NEW HOPE 4401 XYLON AVENUE NORTH HENNEPIN COUNTY, MINNESOTA 55428 Approved EDA Minutes February 12, 1996 Meeting #3 CALL TO ORDER President Erickson called the meeting of the Economic Development Authority to °rder at 9:18 p.m. ROLL CALL Present: Erickson, Enck, Otten Absent: LaVine Norby, Wehling Staff Present: Sondrall, Hanson, Donahue, Leone, McDonald APPROVE MINUTES Motion was made by Commissioner Otten, seconded by Commissioner Enck, to approve the EDA minutes of January 22, 1996. All present voted in favor. Motion carried. IMP. PROJECT 474 President Erickson introduced for discussion Item 4, Discussion Regarding Item 4 Property at 7500 42nd Avenue (Improvement Project No. 474). One of the City's long-term economic development goals is the redevelopment of the three properties located north of 42nd Avenue located between Quebec Avenue and the railroad tracks. The goal is to acquire the industrial sites, demolish the buildings, accelerate the ground water clean-up, rezone the property from I-2, General Industrial, to B-4, Community Business, and market the site for commercial redevelopment. The City has acquired and presently owns two of the three sites. The City purchased the Electronic Industries property, 7516 42nd Avenue in 1993 and demolished the building. The City also purchased the Foremost, Inc. property, 7528 42nd Avenue in 1993, and is currently leasing the building. The owner of the third parcel at 7500 42nd Avenue, where Ardel Engineering is a tenant, has recently placed a "Building for Lease" sign on the building. An appraisal was done on the property in 1992 and the City is currently in the process of updating that appraisal. The owner of the property was willing to sell the property for $325,000 in 1993. Staff is inquiring whether the EDA is interested in pursuing the acquisition of the property before the building is leased to another tenant. President Erickson commented that after this property is acquired he suggests that the City not become involved with future real estate deals involving substantial obstacles. He recommended purchasing the property at 7500 42nd Avenue and completing the redevelopment but objected to the City paying the special assessments. Staff was directed to proceed with negotiations on the property. ADJOURNMENT Motion was made by Commissioner Enck, seconded by Commissioner Otten, to adjourn the meeting. All present voted in favor. The New Hope EDA adjourned at 9:20 p.m. Respectfully submitted, Valerie Leone City Clerk New Hope EDA February 12, 1996 Page 1 CITY OF NEW HOPE 4401 XYLON AVENUE NORTH HENNEPIN COUNTY, MINNESOTA 55428 Approved EDA Minutes February 27, 1996 Special Meeting #1 City Hall, 6:30 p.m. CALL TO ORDER The New Hope Economic Development Authority met in special session pursuant to due call and notice thereof; President called the meeting to order at 6:30 p.m. ROLL CALL Present: Erickson, Enck, Otten, LaVine Norby, Wehling Staff Present: Steve Sondrall, Kirk McDonald, Dan Donahue 42ND AVENUE President Erickson introduced for discussion Item 4, Discussion Regarding DEVELOPMENT Development Concepts and Existing Proposals for Commercial Development Along Item 4 42nd Avenue Between the Railroad Tracks and Louisiana Avenue. The EDA expressed its desire to enhance the entire avenue. Discussion ensued regarding the B-4 zoning and the topography of the site. Questions were raised regarding whether the area could support another auto-oriented business. After further discussion it was evident that some members of the EDA supported the development concept proposed by Mr. Lasky for 7180 42nd while others did not. Staff was directed to meet with Mr. Lasky to inquire regarding the possibility of selling the corner property or working with the City on a larger development which would incorporate all of the properties on the north side of 42nd Avenue between Nevada and Louisiana Avenue with the City possibly contributing TIF and development dollars. ADJOURNMENT Motion was made by Commissioner Enck, seconded by Commissioner Norby, to adjourn the meeting as there was no further business to come before the EDA. All present voted in favor. The New Hope EDA Special Session was adjourned at 7:20 p.m. Respectfully submitted, Valerie Leone City Clerk EDA Special Session -1 - February 27, 1996 COUNCIL ~ REQUEST FOR ACTION Originating Department Approved for Agenda Agenda Section Public Works 3-11-96 EDA Jeannine Clancy ~ 7 Item No. By: By://// 4 CONSIDERATION OF BID FOR SPRING/SUMMER BANNERS As requested by the EDA, staff' has researched the purchase of additional Spring/Summer banners that would respond to concerns expressed that the existing Spring/Summer banners are not reflective of New Hope's ethnic diversity. Staffhas discussed this issue with a representative from Northcott Banners, the vendor who fabricated these banners. Northcott Banners is proposing that additional banners be fabricated. These new banners would be two styles, father/son and children at play. Unlike our current Spring/Summer banners, the skin tones would be varied on these banners. This change is only a symbolic reflection of our community's ethnic diversity. Staffhas samples of the color tones for the EDA to review on Monday evening. Staff'is recommending that the City purchase the quantity of banners that will be needed for the next phase of 42nd Avenue (Winnetka to Boone). While it is very likely that some of these banners will be stored until 1998, the cost of fabricating a small quantity of banners is approximately 50 percent more than the cost of fabricating the quantity needed in the long term. Staffis also recommending that the additional Spring/Summer "Shop Neighborly New Hope Banners" be purchased at this time. Funding is available through the 42nd Avenue Redevelopment program. Staff requests approval of the bid from Northcott Banners in the amount of $7,890. msword/d:rfabam-1 .doc MOTION BY J~'Q~-~ SECOND BY rv Review: Administration: Finance: RFA-O01 Mar. 5 '96 14:59 ~8~]8 SANFA×SiSmseri-~m P. 1 Fax Cover Sheet Northcott Banners, Inc. 3020 East 28th St. Mpls, MN 55406 800-627-0689 612.722-5622 fax From: Bob Berlemann To: Jeannine Clancy Northcott Banners, Inc. City of new Hope Date 3/5/96 Revised quote on banners 14. Father/Son ~/color, g'/31 skin tone $176. $2,464.00 14 - Kids 5/color, 0731 skin tone & same $200. $2,800.00 tone as original banners 26 - Neighborly New Hope, 2/color $101. ~ $7,890.00