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EDA 2018 09 24CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING SEPTEMBER 24, 2018 Mayor Laufenburger called the Economic Development Authority meeting to order at 7:07 p.m. MEMBERS PRESENT: Mayor Laufenburger, Councilwoman Tjornhom, Councilman McDonald, Councilwoman Ryan, and Councilman Campion STAFF PRESENT: Paul Oehme, Kate Aanenson, Greg Sticha and Roger Knutson APPROVE EDA MEETING MINUTES DATED APRIL 23, 2018. Councilman McDonald moved, Councilman Campion seconded to approve the verbatim and summary Economic Development Authority Minutes dated April 23, 2018 as presented. All voted in favor and the motion carried unanimously with a vote of 5 to 0. APPROVE RELEASE OF CONTRACT FOR PRIVATE DEVELOPMENT AND ASSESSMENT AGREEMENT (APPLEBEE’S SITE DOWNTOWN TIF DISTRICT #1). Mayor Laufenburger: Who’s is this? Is this your’s Kate? Kate Aanenson: Yes, thank you Mayor. Mayor Laufenburger: Thank you Ms. Aanenson. Could you go through that for us? Kate Aanenson: Yes. So the Chanhassen Redevelopment Authority entered into a Private Redevelopment Agreement on June 3, 1996 with American Limited Partnership. The redevelopment was part of a TIF District #4 which was decertified in 2016. Since that time the HRA has transitioned into the EDA, Economic Development Authority and they are the governing authority for this agreement. The property owners are attempting to sell the property in question and have realized that the private redevelopment agreement is in place. In order for them to sell the property they need to have this agreement in place. Again we see no objections to this. The attorney’s office has reviewed the contract and we’d recommend that you approve the release of the development contract, of the private development and assessment agreement and I’d be happy to answer any questions you may have. Mayor Laufenburger: Alright. Any questions of council for Ms. Aanenson on this? So in simple terms this was a contract that was put in place back in 1996 when Apple American Limited began and they developed it as Applebee’s. Chanhassen Economic Development Authority – September 24, 2018 2 Kate Aanenson: Correct. Mayor Laufenburger: And we’re satisfied that any contractual arrangements that were required under that contract have been completed and fulfilled. Kate Aanenson: That’s correct. Mayor Laufenburger: And we understand that the potential new owners or are interested in having this cleared from the property. Cleared from the description is that correct? Kate Aanenson: That’s correct. So right now the owner is not Applebee’s. It’s another developer out of California who’s working with somebody local to buy this property and is working to secure a restaurant at this site and so hopefully they will be able to make that happen but in order to close on the property this private redevelopment and assessment agreement needs to be approved. Release of, excuse me. Mayor Laufenburger: Alright. Okay thank you. Is there anybody that would like to make a motion? Councilman McDonald: I’ll make a motion Mr. Mayor. Mayor Laufenburger: Thank you Mr. McDonald. Councilman McDonald: I would make the motion that the Economic Development Authority approves the Release of a Contract for Private Development and Assessment Agreement, Applebee’s site TIF District #4. Mayor Laufenburger: Okay, we have a valid motion. Is there a second? Councilwoman Ryan: Second. Mayor Laufenburger: Thank you Councilmember Ryan. Is there any further discussion? Okay I just have one question Mr. Knutson. Is there anything, this is an action by the EDA. Is there any supplemental action that needs to be taken by the council to act on this or not? Roger Knutson: No. Mayor Laufenburger: Okay so this is a stand alone decision. Roger Knutson: Yes. Mayor Laufenburger: Okay, alright. Chanhassen Economic Development Authority – September 24, 2018 3 Councilman McDonald moved, Councilwoman Ryan seconded that the Economic Development Authority approves the Release of a Contract for Private Development and Assessment Agreement, Applebee’s site TIF District #4. All voted in favor and the motion carried unanimously with a vote of 5 to 0. Mayor Laufenburger: There being no other business I would accept a motion to adjourn. Councilman McDonald moved, Councilwoman Ryan 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 7:10 pm. Submitted by Todd Gerhardt City Manager Prepared by Nann Opheim