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EDA SUM 2011 01 14 CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING FEBRUARY 14, 2011 Chairman Furlong called the meeting to order at 6:45 p.m. Without objection the agenda was approved as published. MEMBERS PRESENT: Tom Furlong, Vicki Ernst, Denny Laufenburger, and Jerry McDonald. Bethany Tjornhom was present for item 2, approval of minutes. STAFF PRESENT: Laurie Hokkanen, Paul Oehme, Kate Aanenson and Todd Hoffman APPLE AMERICAN LIMITED PARTNERSHIP: RELEASE OF ASSESSMENT AGREEMENT AND TERMINATION OF CONTRACT FOR PRIVATE REDEVELOPMENT. Laurie Hokkanen presented the staff report explaining that this item was before the EDA due to a change in ownership of Applebee’s. Mayor Furlong asked staff for background information on the nature of these agreements. Councilman McDonald asked for clarification of why this action was being requested at this time. Councilman McDonald moved, Councilwoman Ernst seconded to approve the attached Release of Assessment Agreement and Termination of Contract for Private Redevelopment with Apple American Limited Partnership dated June 3, 1996. All voted in favor and the motion carried unanimously with a vote of 4 to 0. APPROVAL OF MINUTES. Councilwoman Ernst moved, Councilman McDonald seconded to approve the verbatim and summary Minutes of the Economic Development Authority meeting dated October 25, 2010 as presented. All voted in favor and the motion carried unanimously with a vote of 5 to 0. Councilman Laufenburger moved, Councilman McDonald seconded to adjourn the meeting. All voted in favor and the motion carried unanimously with a vote of 5 to 0. The Economic Development Authority meeting was adjourned at 6:52 p.m. Submitted by Todd Gerhardt Executive Director Prepared by Nann Opheim