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HomeMy WebLinkAbout05/05/2022 EDAC Minutes APPROVED MINUTES CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES I. CALL TO ORDER Chair Schueller called the Economic Development Advisory Committee meeting to order at 8:01 A.M. on May 5, 2022. II. APPROVAL OF MINUTES Mr. Cravero made a MOTION to approve the April 7, 2022 meeting minutes. Motion was supported by Mr. Kohler, passing unanimously. III. DISCUSSION ITEMS A. Ryan Companies proposed Industrial Park Development Mr. Grochala, Community Development Director, presented the staff report. The proposed industrial project would fully develop the 35 acre site north of Clearwater Creek. He informed the committee the City is discussing tax increment details with Ryan Companies. He asked the committee to provide feedback regarding the proposed concept. Overall, the committee was receptive to the project. Further discussion ensued regarding the unknown future of the industrial market. Mr. Grochala noted the proposed development may spur on further industrial development within the City and it could provide the City with an opportunity to have some much needed public improvement projects completed as well. DATE: May 5, 2022 TIME STARTED: 8:01 A.M. TIME ENDED: 9:02 A.M. MEMBERS PRESENT: Jim Schueller, Patrick Kohler, Chad Wagner Keith Hembre, Steve Marchek, Andrew Cravero MEMBERS ABSENT: Don Johnson, Julie Jeffrey-Schwartz, Blakely LaCroix, Nathan Vojtech STAFF PRESENT: Michael Grochala, Janele Waterman Economic Development Advisory Committee May 5, 2022 Page 2 APPROVED MINUTES B. Woods Edge Property Sale Update Mr. Grochala, Community Development Director, presented the staff report. He informed the committee the City is continuing discussions with Silvercreek Equity regarding the acquisition and development of the 6.27 acres within the Woods Edge development. The proposed project includes a 132 unit market rate 55+ apartment building, a 10,000 sq. ft. multi-tenant building, and two restaurants. The committee recommended including a buy back clause within the purchase agreement should the purchaser not develop according to the agreed upon specs. The committee discussed the possible public safety costs in relation to the age restricted apartment complex. Mr. Grochala said he has been working with the Public Safety department on this, but he explained estimating such expenses has been complicated. The committee also discussed the need for more public storage units and public transportation for the residents of the apartment building. Mr. Grochala commented unfortunately, public transportation in Lino Lakes is not a high priority of the MET Council since Lino Lakes does not have a high demand for the service. However, he noted Anoka County offers a dial-a-ride program which is available for residents throughout the county. C. Project Updates Mr. Grochala updated the committee on current City projects. IV. ADJOURNMENT Mr. Hembre made a MOTION to adjourn the meeting at 9:02 A.M. Motion was supported by Mr. Cravero, passing unanimously. Respectfully submitted, Janele Waterman, Community Development Administrative Assistant