HomeMy WebLinkAbout07-28-10 Special Meeting MinutesHastings Economic Development and
Redevelopment Authority
6:00 p.m. Hastings City Hall
SPECIAL MEETING
Minutes of July 28, 2010
HEDRA Commissioners Dennis Peine, Bob Hollenbeck, Pam Holzem, Ron Toppin, and Kurt Keena
were present
Commissioner Danna Elling Schultz and Tony Alongi were absent
Staff present: David Osberg, City Administrator, and Dan Fluegel, City Attorney;
I.Q:
UORUM
A was establish and the meeting was called to order at 6pm with five members present.
II.B
USINESS
A. Authorize Signature: Purchase Agreement – Hudson Manufacturing.
City Administrator, Dave Osberg introduced the Purchas Agreement with City Attorney, Dan Fluegel,
explaining some of the details, including the fact that Hudson Manufacturing has agreed to a later
closing date to allow the HEDRA to conduct its environmental due diligence for the site. Also, both
Hudson and the City have agreed not to pursue tax abatement for the site, but to add the value of
the abatement (around $25,000) to the purchase price of the property. Hudson would likely delay
relocating until after their peak production season this fall per the terms of the Post-Closing
Occupancy Agreement. The City Council would also consider an agreement to waive certain
development fees.
Moved by Commissioner Toppin and seconded by Bob Hollenbeck to approve the Purchase
Agreement with Hudson Manufacturing and outlined conditions for use of the building by Hudson
until they move to the Intek facility.
Motion passes 5-0
A:
DJOURNMENT
Meeting was adjourned at 6:15 p.m.
Thursday, August 12, 2010
Next meeting is scheduled for at 6:00pm in the Council Chambers.
Shannon M. Rausch,
HEDRA Secretary
1
Minutes – Hastings EDRA – 7/28/10 – Special Meeting Page