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HomeMy WebLinkAboutOctober 21, 1991HERITAGE COMMUNITY 1891 1991 NE MINUTES OF THE ECONOMIC DEVELOPMENT AUTHORITY October 21, 1991 The Economic Development Authority meeting of October 21, 1991 was called to order at 6:30 p.m. by Chairperson Gene White. Members present were: Lee Andren, Bob Barsness, Doug Larson, John Fitzgerald and Gene White. Members absent were: Chuck Arnold and Carol Scott. Chairperson White explained that the purpose of this meeting was to consider a letter from Enivid Corporation's representative, Kathleen Nye-Reiling, requesting an extension of the Development Agreement between Enivid and the Authority. City Manager Unmacht (Secretary of the EDA) briefly discussed housekeeping items for the EDA relating to the election of officers. EDA members concurred that elections of officers will take place in January, 1992. Assistant City Manager Kay Schmudlach briefly summarized the purpose for the meeting which was to consider action on Kathleen Nye-Reiling's request for an extension of Enivid's Development Agreement on the development of the property adjacent to Priordale Mall. Kathleen Nye-Reiling expanded on Enivid's request for an extension of the Development Agreement. Discussion occurred on the pros and cons of extending, suspending or terminating the Agreement. MOTION MADE BY FITZGERALD, SECONDED BY ANDREN, TO DIRECT THE CITY ATTORNEY AND STAFF TO ENTER INTO NEGOTIATIONS TO AMEND THE DEVELOPMENT AGREEMENT WITH ENIVID CORPORATION FOR A PERIOD OF ONE YEAR. EDA members concurred that the amended Development Agreement shall be brought to the EDA and the Council for ratification. Upon a vote taken, ayes by Andren, Barsness, Fitzgerald, Larson, and White, the motion passed unanimously. Chair White announced that the EDA would be meeting in January and officers would be elected at that time. There being no further business the p.m. 7:30 4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245