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EDA 2005 03 14 CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING MARCH 14, 2005 Chairman Furlong called the meeting to order at 7:40 p.m. MEMBERS PRESENT: Tom Furlong, Bethany Tjornhom, Brian Lundquist, and Craig Peterson MEMBERS ABSENT: Steve Labatt STAFF PRESENT: Todd Gerhardt, Roger Knutson and Justin Miller Furlong: Are there any additions or changes to the agenda? Do we need to elect a chair? This is our first meeting of the year. Do we need an organizational meeting? Gerhardt: Probably would be good. Furlong: Do we need to have that published? We can do that because we’re meeting. Can we modify the agenda? Knutson: Certainly. Furlong: Okay. Let’s modify the agenda to have our organizational meeting. We’ll take that first item. 0.1. ORGANIZATIONAL ITEMS. Furlong: Is it just election of a Chair? Gerhardt: And Vice Chair. Furlong: Chair and Vice Chair. Anything else from an organizational standpoint? I hope there aren’t 5 jobs. Could have asked this before we actually opened. Okay. Alright, first item is organizational meeting. I’ll open nominations for Chair. Are there any nominations? Lundquist: I nominate the Mayor as Chair of the EDA. Furlong: Thank you. Is there a second? Tjornhom: Second. Furlong: Thank you. Any further nominations? Economic Development Authority – March 14, 2005 Lundquist moved, Tjornhom seconded to elect Tom Furlong as Chairman of the EDA. All voted in favor and the motion carried with a vote of 4 to 0. Furlong: We’ll move to the Vice Chair now. Any nominations for the Vice Chair? Peterson: Mr. Lundquist. Furlong: I second that. Any additional nominations? Lundquist: Furlong never misses a meeting anyway so. Furlong: Well there might be something to sign once in a while. Peterson moved, Furlong seconded to elect Brian Lundquist as Vice Chair of the EDA. All voted in favor and the motion carried with a vote of 4 to 0. Furlong: Do we need a secretary or not? We’re good? We’re done? Okay. We’re organized. Wonderful. Any other changes or additions to the agenda? If not, we’ve got one item here. Well two items actually. Or do you want to handle them as a single motion? Any preference there? If not I’ll ask for a staff report. Let’s have a staff report. Brief staff report. APPROVE RELEASE OF AGREEMENT ON AMERICANA COMMUNITY BANK TH BUILDING IN REGARDS TO FUTURE WALGREEN’S PROPOSAL, 600 WEST 79 STREET. Miller: Sure. As you’re aware the Americana Community Bank building’s going to be coming down soon. Walgreen’s is in the process of purchasing that building. The HRA, the predecessor to the EDA did have an existing assessment agreement and contract for private redevelopment that runs with the property. Walgreen’s in the process of purchasing this would like to clean up the title. All the obligations have been met to this contract and the assessment agreement so staff sees no reason why this needs to continue to run with the property and we’re recommending that the EDA move to release these agreements. Furlong: Thank you. Any questions for staff? If not I’ll bring it, is there any public comment? On this matter. I’d invite anybody to come forward, address the council or address the EDA, excuse me. If not I’ll bring it back to the EDA for discussion. Is there any discussion on the matter? Lundquist: Pretty straight forward. Furlong: Would agree. Clean up. Very good. Is there a motion to approve? Lundquist: Motion to approve staff recommendation number 1. Furlong: Thank you. Is there a second? 2 Economic Development Authority – March 14, 2005 Tjornhom: Second. Furlong: Made and seconded. Any discussion on the motion? Lundquist moved, Tjornhom seconded to approve the Termination Agreement between the City of Chanhassen, Robert Dittrich and Americana Community Bank. All voted in favor and the motion carried unanimously with a vote of 4 to 0. APPROVAL OF MINUTES:Lundquist moved, Tjornhom seconded to approve the Minutes of the Economic Development Authority meeting dated September 27, 2004 as presented. All voted in favor and the motion carried unanimously with a vote of 4 to 0. Lundquist moved, Tjornhom seconded to adjourn the meeting. All voted in favor and the motion carried. The Economic Development Authority meeting was adjourned at 7:45 p.m. Submitted by Todd Gerhardt Executive Director Prepared by Nann Opheim 3