HomeMy WebLinkAbout05-25-10 EDA Packet City of Oak Park Heights Economic Development Authority
Tuesday, May 25, 2010
commencing immediately following the conclusion of the City Council Meeting
Oak Park Heights - City Hall
AGENDA:
1. Approve Agenda
2. Approve Mecting Minutes from May 11"' 2010
3. Consider Possible Property PLWC11aSe
4. Adjoua
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ECONOMIC DEVELOPMENT AUTHORITY
MAY 11, 2010
MLI� TINCr MINUTES
1. Call to Order /Approval of Agenda: President Abrahamson called the meeting to order
at 7:00 p.m. Present: Vice - President Beaudet, Secretary McComber, 'Treasurer Dunk,
Assistant'I"reasurer Holst, Board Member Swenson, Attorney Vierling, City
Administrator Johnson, and Administrative Secretary Pinski. Absent: Done,
Vice - President Beaudet, seconded by Secretary McComber, moved to approve the
Agenda. Carried 5 -0.
2. Approve MeetinE Minutes March 9, 2010: Secretary McComber, seconded by Vice-
President Beaudet, moved to approve the minutes. Carried 5 - •0.
3. Review Initial 1+indinas by Rusty Fifield - Northland Securities: The board reviewed
a. report provided. by Rusty Fitield. Mr. Fitield reported that the report identified two
target properties: the former Ford site and the former GMC site.
Vice - President Beaudct, seconded by Member Swenson, moved to identify Target l as
Bast Site am l.'arget 2 as West Site, Carded 5 -
Mr. Fif cid reported that the most powerful tool for the City would be Tax Increment
Financing. Ile stated lie called the realtor for the fast Site and was informed that they
have received offers and are confident the property will be redeveloped. Ile stated he did
not call on the 'Nest Site.
Mr. Taifield reported that the next step would be for him to talk with developers and report
back to the council.
Treasurer Runk, seconded by President .Abrahamson, moved that Rusty Fifield continue
to progress with conversations with developers. Carried 5 -0.
4. Adiourn: Treasurcr Runk, seconded by President Abrahamson, moved to adjourn the
meeting; at 7:35 p.m.
Respectfully submitted,
Jennifer Pinski
.Administrative Secretary /Deputy Clerk
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