HomeMy WebLinkAboutMarch 16, 1992P
HERITAGE COMMUNITY
1891 1991
MINUTES OF THE ECONOMIC DEVELOPMENT AUTHORITY
MARCH 16, 1992
Chairman White called the Economic Development Authority Meeting
to order. Members present were: Lee Andren, Bob Barsness, John
Fitzgerald, Tom Kedrowski, Carol Scott and Gene White. Members
absent were: Chuck Arnold. The first order of business was: 9
(a) - Update on Business/Office Park Progress. City Manager
Unmacht stated that Frank Muelken, representing the property
owner of the land on which the EDA is considering an option
agreement, was present. Kay Schmudlach reviewed sections of the
Proposed Timetable For Completion of the Business office Park and
discussed proposed completion dates.
The next item for consideration was 9 (b) - Consider Option
Agreement for Land Acquisition. City Manager Unmacht gave a
short background leading up to the option agreement and stated
that negotiations centered around the financial proforma reviewed
by the EDA in December. It was also noted that on page 3 (#8) of
the Option Agreement that any sale must be approved by the Scott
County Probate Court. Unmacht stated that the EDA would have 60
days to approve a Purchase Agreement after the appraisal is
completed, and thanked Bob Barsness and John Fitzgerald for their
work on the negotiations on behalf of the EDA. A short
discussion occurred on the Agreement.
MOTION MADE BY FITZGERALD, SECONDED BY BARSNESS, TO APPROVE THE
OPTION AGREEMENT AS DRAFTED AND AMENDED ( PAGE 3, # 8 ) AND
AUTHORIZE THE CHAIR TO SIGN ON BEHALF OF THE AUTHORITY.
Upon a vote taken, ayes by Andren, Barsnes s, Fitzgerald,
Kedrowski, Scott and White, the motion passed unanimously.
City Manager Unmacht asked a procedural question regarding the
timing of EDA meetings. Consensus of the Authority was that they
would prefer to have their meetings at the beginning of the
Council meeting instead of later in the evening.
chairman White closed the Economic Development Authority meeting
at 9:45 p.m. Geng/~~~~.. ~?
Chairman
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245