City of Sandstone eda meeting Minutes July 15, 2015 Call to Order: 8: 13 pm roll call

City of Sandstone

EDA Meeting Minutes

July 15, 2015
Call to Order: 8:13 pm
ROLL CALL: Steffen, Bonander, Kester and Spartz

Members absent: Franklin

Staff present: Administrator Griffith, Recording Secretary Nelson
Approve Agenda

Motion Kester, second Spartz to approve the agenda. Motion carried 4-0.

Approve Minutes

Motion Kester, second Bonander to approve July 1 meeting minutes. Motion carried 4-0.

Public Hearing: none
Special Items of Business: none
Continuing Business

Business and Medical Park

Staff provided an update. The city is operating against an Oct 1 date to start construction. The notification regarding funding should occur at the end of July.

Purchase Agreement and Contract for Development

The terms of the Purchase Agreement, which outlines the conditions of the sale of the property, have changed and the agreement needs to be amended to reflect these changes.

Motion Steffen, second Kester to approve amended draft Purchase Agreement. Motion carried 4-0.
Development Agreement

A draft Development Purchase Agreement has been prepared to outline the development of improvements on the site and the development of the infrastructure to serve the site.

Motion Steffen, second Kester to approve draft Development Agreement. Motion carried 4-0.
License Agreement

With the planned start of construction, the NPAHD will need an agreement that allows access by them and their contractors across EDA land.

Motion Steffen, second Kester to approve the license agreement for construction access. Motion carried 4-0.
Long Term Care development

Staff provided an update. Today the NPAHD Steering Committee and KC Companies had their first face-to-face meeting.

Purchase and Development Agreement

A Purchase and Development Agreement for the property which outlines the improvements to be made by KC Companies and the improvements to be made by the City and EDA has been drafted. The hospital district is asking the EDA to consider including terms in the purchase agreement for KC Company recognition.

Motion Steffen, second Spartz to approve draft purchase and development agreement with KC Companies. Motion carried 4-0.
Public Hearing – Sale of land

The EDA and KC Companies are negotiating a Purchase Agreement for a 7+ acre site for the development and construction of a long term care facility. Before EDA can sell a property, there must be a public hearing.

Motion Kester, second Spartz to approve Resolution 2015-EDA-08 setting a public hearing on the transfer of property to KC Companies. Motion carried 4-0.
License Agreement

With the planned start of construction, KC Companies will need to have the agreement to allow it and its contractors access to and across EDA land.

Motion Kester, second Spartz to approve License Agreement for development and construction access. Motion carried 4-0.
Extended Stay Hotel

Northview Bank is considering being the lead lender for the development of an extended stay hotel. There is consensus to table the discussion and motion until after the bank has made its decision.

City of Sandstone: Roadway to Future project

Planning Workshop – Thursday, July 30 at 6:15 5:45 pm at the Senior Center. This will concentrate on establishing a vision for the future which connects and leverages the existing community assets, creates a place to live, work and play, and allows the community to thrive on a social, environmental and economic level.

Ben Franklin store

The EDA has several options as a lender. Mr. Franklin has asked that the EDA waive its rights to the property. Due to Mr. Franklin being a member of the EDA, this is a conflict of interest. Mr. Franklin will need to prepare a written statement describing the matter and the nature of the potential conflict of interest, submit it to the EDA and have it entered into the minutes. He must not have discussions regarding this issue with the EDA members. The EDA can obtain ownership of the property because of the nonpayment of the EDA loan. No action taken.

New Business: none
Other:

Workshop with Attorney & Ehlers on Friday, July 31 at 11:00 at the city hall.

Adjourn

Motion Steffen, second Kester to adjourn at 8:37 PM. Motion carried 4-0.

_________________________________________

Leonard Bonander, Chair

__________________________________________

Sam Griffith, Executive Director