HomeMy WebLinkAbout06-24-1996 • 1 PROCEEDINGS OF TIS MOUNDS VIEW
2 ECONOMIC DE' L4p'11 _. AU}IORITY
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$ Meeting No.24
6 June 24.,.19;96
7 Mo?unds View CitHall
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24011wy 1.Q,MQunds View MN•::.5..'5'..1. 12=
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11 CALL TO Q E
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13 The Economic Development Authority was.called to order by President-1,1111c. -on Jute,
14. . 24, 1996 at 8:50 p.�,
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18 PRS P s T• 'President,Jerry Linke; Vice 1 reesdent p
�. hyliis Bli�nchard,
19 Secret y,.Julie Truude, Commissioner Garyy.Quick, Commissioner Sue an er,
20 Executive Director Cathy'Bennett, and.City Acirinistrator,Chuck Whiting, .
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23 O $ None
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26 1 RO11.
27 0EN4 ,.
28 MOT QN/S. Co,1 ,�:-Trutde/1-Iankner to Approve EDA Agenda.as,Presexfted.
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30 YOTE: es
31 S Ayes o"nays Motion Q., ,
32 APPOA L OF $r
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34 114617()!T/.SECONI) Q`uickiTrude tQ approve the minutes ofthe A Meeting of May.,
35.- 28, 199,6.
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31 '. 5 ayes, ' . 0 nays , Motion Carried
3.8.
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40:: CQ * ' MEA:
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42; There were no items placed on the Consent Agenda.foir this meeting
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ARILS.
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EDA Meeting#2
Jim' e.24, 1990
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1 There were no Public Hearings scheduled for this me'eting,:
t 3, EDA BU•SINESS";
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5 consideration of',Resoiution 96-RDA-49,; .pproving and Author ......•.-
inthe Acquisition
6 of 8265 Silver Lace Road Property for .edevelopme�nt Purposes'and t ie Exec utiori of a
7 Purchase,Agreement for that Purchase.''
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9 • Ms,Cath'Bennett,Executive Director,explained that the Co? unit•y Development
10 . ep int has been work ng om the clean up of:the propertylocateid at$265,Silver:Lake
11 Road far the`past two months. 4n May 28, 1990;-.:i...Jennifer Ber Housing.inspector,
12 was contacted-,...11-.-. 07•-••,:''''-':,-L:Doa went`of Housing and Urban Development regarding the.
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13 purchase,of the properrt ' y the.010/..pf:Mounds View The property..was offered to the_,
14 city for$'70,200,;.`ate cityhadsar appraiisal of the.property:which came'in at$52,000
-..-..,..,,..-.1,.. ..•-„,-.-::::Swhit was forwarded to HUD After reviewing our appraisals noted that their
ap rai'al did of take into consideration die condition c `the foundatto.. and they had -
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1'7 -another appraisal doges on.the property.which coins in at$55,000 They lave'offered the
18 properaty to the City for$49,500,which�is a 1-.0%dis o t'on their appraisal. will
19 cover the cloy g costs($2,475,). They have_asl ed that th aurc. a agreement be;signed
20 and rc to rued o th a by J`uhe 27, 199$:'° This property wouldbe pure ed." under.the
21 ED 's Housing Replacement Prc�and Ms.Ke tt.nnoted itis in conformance with
will be
22 the RI As cro e$t:prcject Plan-fox development: '1'h property .
--23,-'-••••.--',.77-77-----moshed and It will he put out;for bid four}deveiopmen�t of P,-,.-.new single family
24 residence to increase_ the v!.alue of the property and the aesthetis of the neighborhood,
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26 Mr..Bill Doty, 3049;Bronson Drivel--.0.$ked what the purpose is•foir having:4:-.-. 0..0.0,r.,sate.
2% corporation•such us an-Economic Development Aut. iority •which is-not_part"of tkie.city
28 charter: • If,tide city-'ins going to have'a c•harter,it must be rollowe l. ._.
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30 ' Ms. Bennett:explained that an EDA, •is able to enter into different types.'of joint ventures
3,1 with regards to parol ert
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X33 1Vir Mi•ng stated tlaere::oire differences between what an;EDA eau doand what•a.City
34 Council.can do. i urthermore the Charter i.does not hsite it this 44-•- the DA,is wit in
3 S the.guidelines of t e state leave and the charter(#71.,,,,..,:. arter does allow the council to set
36 , :-.tip- o#1-01,----ces and commissions).
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• EDA Meeting#24
June 24, 1996
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1 MOTION/SECOND: Quick/ iankner to Approve Resolution No; 96-EDA-49,
2 , Approving and Authorizing the.Acgwsition of 8265 Silver Lake Road Property for
3 Redevelopment Purposes and the Execution of Purchase Agreement for the Purchase.
5 . VOTE: . 5 ayes 0 nays Motion Carried
7 RElQ1 T3:
9 Report of President:Linke: No report.
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11 Report of Vice President Blanchard: No report.
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13 Report of Secretary Trude: No report:
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15' Report of Commissioner Quick: No report
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17 Report of Commissioner Hankaer: No report.
19, Report of Executive Director No report
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21 President Linke adjourned the meeting at 9:1Q p.m.
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23 Respectfully submitted,
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27 Tamara D. Saetke
28 Recording Secretary
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