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HomeMy WebLinkAboutDecember 16, 1991 HERITAGE 1891 COMMUNITY 1991 WJ!7(!)K 2Q91 MINUTES OF THE ECONOMIC DEVELOPMENT AUTHORITY December 16, 1991 Chairman Gene White called the Economic Development Authority meeting to order on Monday, December 16, 1991 at 7:50 p.m. Members present were: Chuck Arnold, John Fitzgerald, Carol Scott, Lee Andren, Bob Barsness, Gene White and Doug Larson. The purpose of this meeting was to discuss the following: A. Consider Development Agreement with Enivid Corporation B. Discuss Follow-up Action From December 11, 1991 Workshop. The first order of business was a discussion on the Development Agreement with Enivid Corporation. Assistant City Manager Schmudlach stated that the attorney for Enivid Corporation had not consented to the agreement, subsequently, the recommendation is to table the item until such time Enivid's attorney approves the agreement. Ms. Schmudlach also stated that Enivid had indicated they would pay the costs incurred by the City to amend the agreement, but would prefer to pay 50% upon signing of the agreement and 50% when they (Enivid) entered into a project agreement. Discussion occurred on the amended agreement and reimbursement offer. General consensus of the members was to support the agreement language and tabling request of staff. General consensus was that Eniv1d should pay the total costs upon execution of the agreement since the EDA is amending the agreement solely at Enivid's request. MOTION MADE BY LEE ANDREN, SECONDED BY BOB BARSNESS, THAT ENIVID CORPORATION SHOULD REIMBURSE THE CITY FOR COSTS INCURRED IN THE AMENDMENT PROCESS UPON EXECUTION OF THE AGREEMENT. Upon a vote taken, ayes by Andren, Arnold, Barsness, Fitzgerald, Larson, Scott and White, the motion passed unanimously. The next item of business was: Discuss Follow-up Action From December 11, 1991 Workshop. Kay Schmudlach commented on the five steps of the Action Plan as discussed at the worksho~ and highlighted two additional steps which had been identif1ed as necessa~ to the plan. Discussion occurred regarding property negotiat1ons and the EDA members directed Bob Barsness and John Fitzgerald to continue with their ne9otiations of suitable property in connection with Business/Off1ce Park sites. 4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245 MOTION MADE BY SCOTT, SECONDED BY ARNOLD, TO ADOPT A MODIFIED LIST OF ACTION STEPS AS DEVELOPED AT THE WORKSHOP INCLUDING STEPS 6 AND 7 AS DISCUSSED. Note: A copy of the action steps are on file in the city Manager's office. Upon a vote taken, ayes by Andren, Arnold, Barsness, Fitzgerald, Larson, Scott and White, the motion passed unanimously. There being no further business the meeting adjourned at 8:05 p.m. Respectfully submitted , AJ~ Chairmall Recording Secretary -~~"~~'--'-~'~~~-~. ~.,