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03/07/2024 EDAC Combined Packet
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03/07/2024 EDAC Combined Packet
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EDAC
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EDAC Packet
Meeting Date
03/07/2024
EDAC Meeting Type
Special
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<br />ECONOMIC DEVELOPMENT ADVISORY COMMITTEE <br />AGENDA ITEM 3A <br /> <br /> <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br /> <br />EDAC MEETING DATE: March 7, 2024 <br /> <br />TOPIC: Mountain Manufacturing Expansion <br /> <br />Background <br /> <br />City staff has been working with Mountain Manufacturing Technologies (400 Apollo Drive) on a <br />proposed expansion of their existing facility. Mountain Manufacturing is a full service precision <br />manufacturing business providing R & D, production, and machining services to the medical <br />device industry. <br /> <br />They are currently proposing a 41,000 SF addition to their existing building. The City’s EDA <br />took action to acquire the adjacent 2.03 acre tax forfeit property from Anoka County to <br />facilitate the expansion. A purchase agreement was subsequently approved in January with <br />MIT, USA, Mountain Manufacturing’s, property holding company for that property. <br /> <br />In addition to the tax forfeit property, Mountain Manufacturing is requesting conveyance of <br />adjacent unused parcels to the north and northeast of their property. These parcels consist of <br />former street right-of-way and remnant land from the Apollo Drive construction project. These <br />parcels are necessary to accommodate additional parking required by the expansion. Utility <br />easements, covering in place municipal and private utilities, will be retained by the City over the <br />properties as necessary. <br /> <br />Staff is currently working through title issues with one of the proposed parcels relating to its <br />original acquisition in the mid 90’s. <br /> <br />Compensation <br /> <br />Public right-of-way reverts back to the abutting property when vacated. <br /> <br />The .38 acre remnant parcel (PID 17-31-22-23-0013) is partially encumbered by a telecom <br />easement and not buildable on its own (Market Value of $13,000). To facilitate development <br />of the property and in recognition of the new tax base created the property is proposed to be <br />transferred at a nominal cost. Mountain Manufacturing will be responsible for covering City <br />legal and administrative costs associated with the transfer. <br />
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