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•rvs r� <br />_ .���`::it•-a%�2'..�, <k ' ' . y�-�� " '----_. <br />N10UNDS VIEW ECONOMiC DEVELOPMENT AUTHOR�TY <br />REQUEST FOR EDA CONSIDERATION <br />STAFF REPORT <br />EDA MLETING DATE May 23, 1994 <br />EDA Action: <br />❑ Special Order of Business <br />❑ Public Hearin�s <br />❑ Cunsent I�gencla <br />[� CDA I3usi►icss <br />Agenda Section: � • � <br />Report Numbcr: - - <br />Rcpc�rt Datc: - - <br />Ite�ii Descriptiou: Consideration of Resolution No. 94-EDA7 Approving and Authorizing the <br />Execution of a Development Assistance Agreement with MSP/Westminster Regarding the Silver <br />��ke Poi � Senior Housing <br />xecutrve �7�rector s Review/Recommendation: <br />- No commcnts ro suppleuient tliis report <br />- C011llll(;Il[S 1UAC�1�Cj <br />rXp�Allation/Sunuiiary �attach iupplcmcnl shc;e[l :u nccc:ssary) <br />S IJ;�iNW RY: <br />Jim O'Meara has not finalized the Resolution for the Development <br />Agreement with MSP/Westminster for the Silver Lake Point Project. <br />He wil]_ have the resolution for the EDA Work Session. The final <br />draft of the Development Agreement is still being negotiated, but <br />wi 11 be ready f or the EDA Work Sess ion . There are very f ew changes , <br />none are substantive or deviate from prior discussions regarding <br />the amount of the TIF package, the term of the assistance or the <br />Revenue Note structure. <br />� <br />Orduno, Executive Director <br />RECO�i�(ENDATIO�: <br />