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k f <br /> A {a 4 <br /> i1 PROCEEDINGS OF THE MOUNDS VIEW <br /> 2 ECONOMIC DEVELOPMENT AUTHORITY <br /> 3 <br /> 4 Meeting No.33 <br /> 5 March 10, 1997 <br /> 6 Mounds View City Hall <br /> 7 2401 Hwy. 10,Mounds View MN 55112 <br /> 8 *********************************************************************************** <br /> 9 <br /> 10 CALL TO ORDER <br /> 11 <br /> 12 The Economic Development Authority was called to order by President McCarty on March 10, 1997 at 9:31 <br /> 13 p.m. <br /> 14 <br /> 15 ROLL CALL <br /> 16 <br /> 17 MEMBERS PRESENT: Duane McCarty,Julie Trude,Gary Quick,Roger Stigney,Roger Koopmeiners, <br /> 18 Director of Economic Development Cathy Bennett,Clerk Administrator Chuck Whiting and City Attorney <br /> 19 Steve Bubul. <br /> 20 <br /> 21 OTHERS PRESENT: None <br /> 22 <br /> 23 APPROVAL OF AGENDA: <br /> 24 <br /> 25 MOTION/SECOND: Koopmeiners/Stigney to Approve the Agenda as presented. <br /> • 26 <br /> 27 VOTE: 5 ayes 0 nays Motion Carried <br /> 28 <br /> 29 APPROVAL OF MINUTES: <br /> 30 <br /> 31 MOTION/SECOND: Koopmeiners/Quick to Approve the Minutes of the Economic Development Authority <br /> 32 meeting on February 10, 1997. <br /> 33 <br /> 34 VOTE: 5 ayes 0 nays Motion Carried <br /> 35 <br /> 36 CONSENT AGENDA: <br /> 37 <br /> 38 There were no items on the Consent Agenda. <br /> 39 <br /> 40 PUBLIC HEARINGS: <br /> 41 <br /> 42 There were no Public Hearings scheduled for this meeting. <br /> 43 <br /> 44 EDA BUSINESS: <br /> 45 <br /> 46 A. Consideration of Resolution No.97-EDA62,Authorizing Staff to pursue negotiation of purchase <br /> 47 agreement with MSP Real Estate. <br /> 48 <br /> 49 Ms.Bennett explained that the developer of the senior housing complex on County Road I approached the city <br /> 50 in regard to purchasing the EDA owned lot on the comer of Eastwood and Highway 10. They are interested in <br /> 51 redevelopment of the former Pleasant Wood Apartments and developing new townhomes on the vacant land <br /> 52 east of Pleasant Wood Apartments. Ms.Bennett noted that she and Pam Sheldon had met with Jeff Huggett <br /> • 53 and Milo Pinkerton of MSP to discuss the project. They would be applying for MHFA funding to do a major <br /> 54 renovation to the interior and exterior apartments and construct new townhomes as one coordinated <br /> 55 development. M a part of the application process,they need to obtain documentation of the city's interest in <br />