HomeMy WebLinkAbout03-25-1996 EDA PacketAGENDA
ECONOMIC DEVELOPMENT AUTHORITY
MONDAY
MARCH 25, 1996
6:00 P.M.
1. Call to Order and Roll Call
2. Consideration of Minutes of Monday, February 12, 1996
3. Consideration of Resolution No. 96-03 adopting a modified plan for Tax Increment Financing
District No. 1-4
4. Consideration of Resolution No. 96-04 adopting a modified plan for Tax Increment Financing
District No. 1-7
5. Public Hearing on the proposed sale of property in the Apollo Business Park to Progessive
Engineering Technology, Inc.
5A. Consideration of Resolution No. 96-05 authorizing the sale of property to Progressive
Engineering
6. Consideration of Contract for Private Development between Lino Lakes EDA and Progressive
Engineering.
7. Adjourn
DATE:
TIME:
MEMBERS
PRESENT:
MEMBERS
ABSENT:
OTHERS
PRESENT:
CITY OF LINO LAKES
ECONOMIC DEVELOPMENT AUTHORITY
MINUTES
Monday, February 12, 1996
6:00 p.m.
J. Landers, A. Neal, J. Bergeson, S. Kuether, C. Lyden
None
Brian Wessel, Community Development Director
Mary LaForest, Recording Secretary
CONSIDERATION OF MINUTES
EDA Member Neal moved to approve the minutes from the December 18, 1995 meeting. EDA
Member Kuether seconded the motion. Motion passed unanimously.
CONSIDERATION OF ANNUAL APPOINTMENTS
Mr. Wessel explained that EDA by-laws require the EDA to appoint a president, vice president,
secretary, treasurer and assistant treasurer each year, as well as an official newspaper and legal
depositories. EDA member Neal moved to appoint John Landers as president, Sally Kuether as
vice-president, Mary LaForest as secretary, Andy Neal as treasurer, and Marilyn Anderson as
assistant treasurer. EDA Member Lyden seconded the motion. Motion passed unanimously.
EDA Member Kuether moved to appoint the Quad Community Press as the EDA official
newspaper. EDA Member Neal seconded the motion. Motion passed unanimously.
EDA Member Neal moved to approve Norwest Bank, First Bank NA, Firstar Bank, Merrill
Lynch, Dain Bosworth, Juran and Moody, and Prudential Bache as the legal depositories for the
EDA. EDA Member Lyden seconded the motion. Motion passed unanimously.
CONSIDERATION OF RESOLUTION NO. 96-01 AUTHORIZING PREPARATION OF A
MODIFIED TAX INCREMENT FINANCING PLAN FOR TIF DISTRICT 1-4 (APOLLO
BUSINESS PARK)
Mr. Wessel explained that TIF District 1-4 had been established in 1990, and the district had not
developed as quickly as anticipated. The district had no capacity left to allow the city to provide
financial incentives to light industrial projects. Recent changes in legislation appear to have
removed the barriers to taking parcels from an old district and combining them with another
district, as long as the parcels are contiguous. This plan modification would remove all the parcels
in District 1-4 except those already improved. Blue Heron and Emtech will remain in District 1-4.
EDA Member Kuether questioned why the shopping center parcel had been removed. Mr. Wessel
explained that TIF could not be used except for light industrial purposes.
EDA Member Kuether moved to approve Resolution No. 96-01 authorizing preparation of the
modified plan for TIF District 1-4. EDA Member Neal seconded the motion. Motion passed
unanimously.
CONSIDERATION OF RESOLUTION NO. 96-02 AUTHORIZING PREPARATION OF A
MODIFIED TAX INCREMENT FINANCING PLAN FOR TIF DISTRICT NO. 1-7
Mr. Wessel explained that this modification of the TIF plan served two purposes. It adds parcels
to the district and enables the city to provide financial assistance to Progressive Engineering and
Ballantine Trench -ALL in the Apollo Business Park. The parcels being added to the district
include the G.M. Development property in the business park, Glenn Rehbein's light industrial
property on the southwest quadrant of the I-3 5 W interchange, and the Hawkins Chemical
property north of the business park.
EDA Member Bergeson commented that this seemed a departure from previous legislation, and
questioned why the city wouldn't add more property to District 1-7. Ms. LaForest stated that the
legislative change involved the removal of the 20-year "taint" on properties within a TIF District,
but all parcels must be contiguous and this modification added all the parcels that could
reasonably be incorporated. Mr. Wessel stated that the Hawkins Chemical property would not be
rezoned to light industrial until the city had a project for the site.
EDA Member Kuether moved to approved Resolution No. 96-02 authorizing preparation of the
modified plan for TIF District No. 1-7. EDA Member Neal seconded the motion. Motion passed
unanimously.
CONSIDERATION OF RESOLUTION NO. 96-03 SETTING A PUBLIC HEARING DATE
FOR THE PROPOSED SALE OF PROPERTY IN THE APOLLO BUSINESS PARK
Mr. Wessel explained that the city was writing down the cost of city -owned land to Progressive
Engineering. The charter requires a public hearing. EDA Member Neal moved to approve
Resolution 96-03 calling for a public hearing to be held on March 25, 1996 at 6 p.m.
ADJOURNMENT
EDA Member Kuether moved to adjourn. EDA Member Neal seconded the motion. Motion
passed unanimously. Meeting adjourned at 6:30 p.m.
Member introduced the following resolution and moved its adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 96-05
RESOLUTION AUTHORIZING THE SALE OF PROPERTY
BE IT RESOLVED by the Lino Lakes Economic Development Authority as follows:
Section 1. Recitals
1.01. The Lino Lakes Economic Development Authority (the "Authority") approved a tax
increment financing plan (the "Plan") for the Tax Increment Financing District No. 1-7 (TIF
District No. 1-7) on May 22, 1995.
1.02. On May 22, 1995, the City Council of the City of Lino Lakes (the "City") approved
the Plan.
1.03. The EDA entered into a development agreement with Progressive Engineering, a
Minnesota Corporation (the "Developer") whereby the EDA agreed to purchase property legally
described as that part of Outlot B, Apollo Business Park, Anoka County, Minnesota lying
southwesterly of Line A as described below and northeasterly of Line B as described below:
LINE A: Commencing at the most northerly corner of said Outlot B; thence on an assumed
bearing of South 58 degrees 02 minutes 08 seconds West along the northwesterly line of said
Outlot B a distance of 126.35 feet; thence southwesterly along said northwesterly line and along a
tangential curve concave to the southeast, having a radius of 799.00 feet, a central angle of 17
degrees 50 minutes 56 seconds and an arc length of 248.91 feet; thence South 40 degrees 11
minutes 12 seconds West along said northwesterly line and tangent to said curve 75.00 feet to a
point hereinafter referred to as Point "A", said Point "A" also being the point of beginning of Line
A to be described; thence South 49 degrees 48 minutes 48 seconds East 323.37 feet to the
southeasterly line of said Outlot B and there terminating.
LINE B: Commencing at Point "A" as described above; thence South 40 degrees 11 minutes 12
seconds West along the northwesterly line of said Outlot B a distance of 262.84 feet; thence
southwesterly along said northwesterly line and along a tangential curve concave to the southeast
having a radius of 799.00 feet, a central angle of 4 degrees 36 minutes 00 seconds and an arc
length of 64.14 feet to the point of beginning of the Line B to be described; thence South 49
degrees 48 minutes 48 seconds East and not tangent to said curve 295.14 feet to the southeasterly
line of said Outlot B and there terminating. (the "Property") from the City for $89,700 and to
resell it to the Developer for $19,500 subject to the EDA's compliance with the requirements of
Minnesota Statutes, section 469.105.
1.04. Pursuant to Minnesota Statutes. section 469.105, the EDA has held a public hearing
on the proposed sale of the Property to the Developer, following published notice as required by
law, at which hearing all persons wishing to express an opinion were given an opportunity to do
so.
Section 2. Findings.
2.01. It is hereby found and determined that the sale of the Property to the Developer is in
the best interest of the EDA.
2.02. It is hereby found and determined that the sale of the Property furthers the EDA's
general plan of economic development of the community.
Section 3. Authorization.
3.01. The President and Executive Director are hereby authorized and directed to execute
a quit claim deed and other appropriate documents to facilitate sale of the Property to the
Developer.
3.02. The President, Executive Director, staff and consultants are hereby authorized and
directed to take any and all other steps necessary or convenient in order to accomplish the sale of
the Property.
Dated: . 1996.
President
ATTEST:
Executive Director
The motion for the adoption of the foregoing resolution was duly seconded by member and upon
vote being taken thereon, the following voted in favor thereof:
and the following voted against same:
Whereupon said resolution was declared duly passed and adopted.
OPTIONS:
1. Adopt Resolution No. 9643 for the r
Financing Plan for TIF District No. 1-4
2. Return to staff
Option
ion.
Financing
n the TIF District
re the shopping
elopment property
Bch, and the 49/23
and there is not
e development. The
e Hetort property and Emtech.
Tax Increment
Member introduced the following resolution and moved its adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 96-03
RESOLUTION ADOPTING MODIFIED TAX
INCREMENT FINANCING PLAN FOR TAX
INCREMENT FINANCING DISTRICT NO. 1-4
BE IT RESOLVED by the Lino Lakes Economic Development Authority as follows:
Section 1. Recitals.
1.01. On March 26, 1990, the City Council of the City of Lino Lakes (the "City")
adopted a tax increment financing plan (the "TIF Plan") for Tax Increment Financing District No.
1-4 ("TIF District No. 1-4") within Development District No. 1.
1.02. The City established the Lino Lakes Economic Development Authority (the
"Authority") in June, 1990 and transferred to it control of TIF District No. 1-4.
1.03. On June 22, 1992 the Authority and the City acted to delete certain property from
TIF District No. 1-4 because it was unlikely to develop within a reasonable period of time.
1.04. Due to changes in the nature and extent of public and private improvements to be
constructed, it was necessary to modify the TIF Plan on December 13, 1993 and June 12, 1995.
1.05. In recognition that much of the land within TIF District No. 1-4 is not likely to
develop within the reasonably foreseeable future, it is appropriate to modify the TIF Plan again
for the purpose of deleting most of the remaining land from the TIF District.
1.06. In response to these changes, the Authority and the City have authorized the
preparation of another modification which is contained in a document entitled "Modified Tax
Increment Financing Plan, Tax Increment Financing District No. 1-4" dated March 25, 1996, and
which is on file with the Authority.
Section 2. Authority Findings and Approval.
2.01. The Authority finds that the objectives of the Authority and the City of encouraging
development within Development District No. 1 are not likely to be realized within the
reasonably foreseeable future with regard to the majority of land within TIF District No. 1-4 and
that the continued inclusion of such property within the TIF District is not in the public interest.
2.02. In order to accomplish the deletion of certain property from TIF District No. 1-4,
the Authority has authorized the preparation of this formal modification and has adopted this
RHB101681
LN140-11
modification in full compliance with the notice and hearing requirements of section 469.175,
subd. 4 of the TIF Act.
2.03. The modified TIF Plan is hereby adopted by the Authority.
Section 3. Further Proceedings.
3.01. It is noted that copies of the modified TIF Plan have been transmitted to the boards
of the Centennial and Forest Lake school districts and the board of commissioners of Anoka
County for review and comment and that said public bodies have been notified of the hearing
to be held on the modified TIF Plan by the City.
3.02. The Authority requests that the City hold a public hearing on the modified TIF Plan
pursuant to Minnesota Statutes, section 469.175 as soon hereafter as is practicable and
recommends that the modified TIF Plan be approved by the City.
3.03. After approval of the modified TIF Plan by the City, the executive director is
authorized and directed to contact the Anoka county auditor and request that the specified lands
be deleted from TIF District No. 1-4 and that the original tax capacity of TIF District No. 1-4
be adjusted in a manner consistent with this resolution and the modified TIF Plan.
DATED: March 25, 1996
President
A I hST:
Randall Schumacher, Executive Director
The motion for the adoption of the foregoing resolution was duly seconded by member
and upon vote being taken thereon, the following voted in favor
thereof:
and the following voted against same:
Whereupon said resolution was declared duly passed and adopted.
RHB101681
LN140-11
This modified plan for TIF
district. it was just ebli
remaining. Hawkins rnficei
in developing their properties.
along with alt the light industrially
1-35VV/Lake Drive.
2. Return to
RECOMM O TION.
Option 1
Financing
just adopted was the
its property has not
to hoped. The district
subsidy to businesses
G.M. property to this
years of capacity
t also expressed interest
► TIF District 1-7 as well,
southwest quadrant of
Tax Increment
Member introduced the following resolution and moved its adoption:
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 96-04
RESOLUTION ADOPTING MODIFIED TAX INCREMENT FINANCING PLAN
FOR TAX INCREMENT FINANCING DISTRICT NO. 1-7
BE IT RESOLVED by the Lino Lakes Economic Development Authority as follows:
Section 1. Recitals.
1.01. The City Council of the City of Lino Lakes (the "City") established the Lino Lakes
Economic Development Authority (the "Authority") in 1990 and conferred upon it responsibility
for economic development within Lino Lakes.
1.02. The City adopted a tax increment financing plan (the "Plan") for Tax Increment
Financing District No. 1-7 on May 22, 1995.
1.03. In response to development proposals from Progressive Engineering Technology,
Inc. and Ballantine Trench -ALL, Inc., and in order to add additional land to TIF District No. 1-7,
the Authority and the City have authorized the preparation of a modified Plan which is contained
in a document entitled "Modified Tax Increment Financing Plan, Tax Increment Financing District
No. 1-7," dated March 25, 1996 and on file with the Authority.
Section 2. Authority Approval.
2.01. The Authority finds that the objectives of the Authority and the City of encouraging
development and redevelopment within Tax Increment Financing District No. 1-7 will be
advanced by adoption of the modified Plan.
2.02. The modified Plan is hereby adopted by the Authority.
Section 3. Further Proceedings.
3.01. It is noted that copies of the modified Plan have been transmitted to the boards of
Independent School District No. 12 and Independent School District No. 834 and the board of
commissioners of Anoka County for review and comment and that said public bodies have been
notified of the hearing to be held on the modified Plan by the City.
3.02. The Authority requests that the City hold a public hearing on the modified Plan
pursuant to Minnesota Statutes, section 469.175 as soon hereafter as is practicable and
recommends that the modified Plan be approved by the City.
3.03. Upon approval of the modified Plan by the City, the Authority's executive director is
authorized and directed to file a copy of the modified Plan with the Minnesota state auditor. The
executive director is also authorized and directed to contact the Anoka County auditor and
request that the tax capacities of the parcels added to TIF District No. 1-7 be reflected in the
original tax capacity of the District.
this
Adopted by the Lino Lakes Economic Development Authority, Lino Lakes, Minnesota
day of , 1996.
John L. Landers, President
ATTEST:
Randall Schumacher, Executive Director
The motion for the adoption of the foregoing resolution was duly seconded by member
and upon vote being taken thereon, the following voted in favor thereof
and the following voted against same:
Whereupon said resolution was declared duly passed and adopted.
Due to Progressive :Ei
construction in April, l
e any si
would refire tha
should that occur.
OPTIONS
1. Approve the a contra f
Progressive Engineering
•Pri
2. Return to staff for further , consideration
RECOMMENDATION:
Option 1
Engineering is
for the conveyance of
lows the EDA to
the developer for
on a pay-as-you-
$51,762 in species:
remaining
property and begin
ve this development
parties. The
While we don't
consultant
for further approval
Lino Lakes EDA and