012802 EDA Min
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CITY OF SHOREWOOD 5755 COUNTRY CLUB ROAD
ECONOMIC DEVELOPMENT AUTHORITY MEETING COUNCIL CHAMBERS
MONDAY, JANUARY 28, 2002 6:30 P.M.
MINUTES
1. CONVENE ECONOMIC DEVELOPMENT AUTHORITY MEETING
President Love called the meeting to order at 6:31 P.M.
A.
Roll Call
Present:
President Love; Commissioners Garfunkel, Lizee, Turgeon, and Zerby; and Executive
Director Dawson
Absent:
None
B. Review Agenda
President Love reviewed the Agenda and without objection from the Board, moved forward with the
meeting.
2. APPROVAL OF MINUTES
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A.
EDA Minutes of December 10, 2001
Zerby moved, Lizee seconded, approving the EDA Minutes of December 10, 2001, as presented.
Motion passed 5/0.
3. NEW BUSINESS
A. Redevelopment Plan
Administrator Dawson explained the Excelsior Fire District had purchased the property at 24140
Smithtown Road for use as a Public Safety Facility to be shared with the South Lake Minnetonka Police
Department. He also noted the establishment of the Shorewood Economic Development Authority in
2001, as a financing vehicle for this public safety facilities project. He noted the EDA's involvement
would include the ability to issue lease-revenue bonds with payment of annual obligations coming from
the fire and police joint-powers organizations. In order for a project such as this one to be eligible for
qualification as an EDA project, he explained, it must meet certain criteria including issues such as the
abatement of blight, deterioration, or erosion of property values. He noted this project would meet the
required criteria, as not providing adequate public safety services would put existing and new
development at risk of deterioration. He then reviewed the sequencing of events necessary for the
authorization of the EDA to undertake a project such as this facility.
Administrator Dawson noted the Redevelopment Plan for Redevelopment District No.1 (the Project
Plan) had been prepared. He noted the Project Plan described the proposed project, identified its
. consistency with State statutes and the City's land use plans and zoning ordinance, and outlined how the
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SHOREWOOD ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES
January 28, 2002
Page 2 of2
. project would be administered and financed. He noted a Redevelopment Plan must be approved by the
EDA in order for the project to proceed.
Commissioner Zerby questioned the responsibility of costs of maintenance issues for the facility.
Administrator Dawson stated specific lease arrangements were being prepared by the EDA Attorney at
this time regarding this matter; however, he anticipated expenses would be split equally between the
joint-powers entities.
Zerby moved, Turgeon seconded, Adopting RESOLUTION NO. 02-001, "A Resolution Approving
the Establishment of the Redevelopment Plan for Redevelopment District Project No. 1." Motion
passed 5/0.
B. Revised Cooperation Agreement
Administrator Dawson reviewed the revisions to the proposed Cooperative Agreement regarding the
Redevelopment Plan for the Public Safety Facility being planned at 24140 Smithtown Road. He noted
concerns had been expressed regarding the future intentions of the Shorewood EDA. He stated the
intentions of the EDA were altruistic in an effort to enable financing of the project to take place thereby
allowing the Project Plan to move forward.
Commissioners Garfunkel and Zerby requested clarification regarding potential plans and responsibilities
for a fire station on the east side of the Excelsior Fire District.
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President Love stated he appreciated the sensitivities to potential activities in the future discussed within
the Cooperative Agreement for this project, noting it was always important to consider these potential
fire stations would be serving the entire South Lake Minnetonka community.
Garfunkel moved, Turgeon seconded, Approving the Revised Cooperative Agreement for the
Redevelopment District Project No. 1. Motion passed 5/0.
4. OTHER BUSINESS
There was no additional business presented for consideration this evening.
5. ADJOURN
Turgeon moved, Zerby seconded, adjourning the Shorewood EDA Meeting of January 28, 2002, at
6:57 P.M. Motion passed 5/0.
Sally Keefe,
Recording Secretary
RESPECTFULLY SUBMITTED,
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Woody Love, President