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Home My WebLink About11/05/2020 EDAC PacketHow to Join the Meeting Phone: Dial 1-312-626-6799 Meeting ID: 858 2859 2664 Web link: https://us02web.zoom.us/j/85828592664 CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MEETING Thursday, November 5, 2020 11 Meeting to be held electronically Pursuant to MN Statute 13D. 021 Af F,NDA 1. CALL TO ORDER AND ROLL CALL 2. APPROVAL OF MINUTES: October 1, 2020 3. DISCUSSION ITEMS A. Letter of Intent, Purchase of Lots 12 and 13 Carole Estates 2nd Addition B. Project Updates 4. ADJOURN CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE : October 1, 2020 TIME STARTED : 8:02 A.M. TIME ENDED : 8:36 A.M. MEMBERS PRESENT : Jim Schueller, Thomas Colgan, Andrew Cravero, Nathan Vojtech, Don Johnson MEMBERS ABSENT : Chad Wagner, Julie Jeffrey -Schwartz, Patrick Kohler STAFF PRESENT : Michael Grochala, Janele Waterman, Jessica Eller I. CALL TO ORDER Vice Chair Colgan called the Economic Development Advisory Committee meeting to order at 8:02 A.M. on October 1, 2020. II. APPROVAL OF MINUTES Mr. Cravero made a MOTION to approve the September 3, 2020 Meeting Minutes. Motion was supported by Mr. Vojtech, passing unanimously. III. DISCUSSION ITEMS A. Livable Communities Act Reenrollment Mr. Grochala, Community Development Director, presented the staff report. The Livable Communities Act provides funding for communities to invest in local economic revitalization, work force housing initiatives, and development or redevelopment that connects different land uses and transportation. The City of Lino Lakes has participated in this program since 1996 and has benefited from four grants totaling $1,645,000 in funding for past projects. Reenrollment is now necessary for participation in the program from 2021 through 2030. Staff was seeking the board's recommendation to pursue reenrollment in the Livable Communities Program. Mr. Vojtech asked if there has ever been any push back by any City officials regarding this program in the past. Mr. Grochala stated there has been no real push back regarding this program in the past. Seeing no real drawbacks to this program, the board recommended pursuing reenrollment in the Livable Communities Program. Economic Development Advisory Committee October 1, 2020 Page 2 Mr. Cravero moved to recommend reenrollment. Motion was supported by Mr. Johnson, passing unanimously. B. Project Updates Mr. Grochala updated the committee on the status of the Chain of Lakes YMCA, Lyngblomsten, Natures Refuge, Nadeau Acres, and Watermark. IV. ADJOURNMENT Mr. Cravero made a MOTION to adjourn the meeting at 8:36 A.M. Motion was supported by Mr. Vojtech, passing unanimously. Respectfully submitted, Jessica Eller, Community Development Intern DRAFT MINUTES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE AGENDA ITEM 3A STAFF ORIGINATOR: Michael Grochala MEETING DATE: November 5, 2020 TOPIC: Sale of Lots 12-13, Block 2, Carole's Estates 2nd Addition BACKGROUND The City of Lino Lakes owns 2.01 acres of property located at the NW corner of 77th Street and Lake Drive. It is temporarily being used for community gardens pending its sale and development. The property is zoned GB, General Business District, which allows for most service and retail uses. The Lino Lakes Economic Development Authority purchased lots 12-16, Block 2, Carole's Estates as part of a Public Safety complex including construction of a new Fire Station in 1990. The properties were transferred to the City as part of the project financing. In 1999, following completion of the Civic Complex, the City sold the former Police Station (Lot 15) to the American Legion. In 2007, as part of a potential redevelopment plan for City owned property, a feasibility study was completed for realigning 77th. The realignment was intended to restore full access to Lake Drive for properties northwest of the 77th/Lake intersection. Additionally, the project would aid in development of City owned properties north of 77th Street and properties to the south. The City recently acquired a single family residential lot for the future street realignment. In 2017, the City sold an additional one acre parcel (Lot 14) to the American Legion to facilitate a parking lot expansion. The City recently received an offer to acquire the remaining 2.01 acres for $6.00/SF ($525,000). The company, Vaquero Ventures Management, is also considering adjacent property to the south that would allow for additional redevelopment and realignment of 77th as planned. The have a national auto parts retailer that is interested and with the extra acreage would likely try to incorporate a food user, office building, or some other national retailer. Current commercial listings in the area include Holiday's vacant lot west of the convenience store on Town Center Parkway and the Anoka County property immediately adjacent to it. These properties, with 35W visibility, are being offered at $6.12/SF and $5.99/SF respectively. RECOMMENDATION Staff is requesting EDAC interest in selling the property, input on sale price, and any sale conditions the city should consider. ATTACHMENTS 1. General Location Map 2. Street Realignment and Concept Exhibit 77th and Lake Property C I T O F IN LAKES 1in=188ft N A November 3, 2020 Map Powered By Data Link wsb �S�. CITY` OF IN KE '"qw ` - CITY OWNED PROPERTY .Ap_ • 0 POSSIBLE FUTURE DEVELOPMENT 'J A Ef oIWO_ f ... ' %� ,vowp- TI Fw �+ FEASIBILITY STUDY N 77TH STREET / LAKE DRIVE ROADWAY ALIGNMENT CONCEPT - ALTERNATIVE #4 JANUARY 10, 2007 TKDA ' I ENGINEERS • ARCHITECTS • PLANNERS Lake and 77th Concept Plan Phase 1 CliniclRetai�\// Realigned �c Street ,yoo n Shared Ponding ® / phase 2 Restaurant Fr� ' `A �o Future Development Mixed � Mixed Use , Shared parking �Ice W vFLATIAfe � &=(t * Access �♦ 61TE Right—In/Right—Out _. ccess L I No LA Oe�p MIX EV USE MvEXZM EI�T p•1em Gea�'TI Vey Quality Design i` Architectural Theme M Cohesive Development FqANDERSON euIcuees Mohagen w w E Hansen Architectural Group