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Home My WebLink About04-10-2017 EDA PacketLINO LAKES ECONOMIC DEVELOPMENT AUTHORITY MEETING Monday, April 10, 2017 6:15 P.M. City Council Chambers 1. Call to Order and Roll Call 2. Consideration of Minutes of February 13, 2017 3. Action Items A. Consideration Resolution No. 17-01, Approving Conveyance of Lots 12- 14, Block 2, Carole’s Estate 2nd Addition to City of Lino Lakes, Michael Grochala 4. Adjourn EDA MINUTES February 13, 2017 DRAFT 1 DATE : February 13, 2017 TIME STARTED : 7:15 p.m. TIME ENDED : 7:30 p.m. MEMBERS PRESENT : EDA Members Kusterman, Reinert, Rafferty, Maher, Manthey MEMBERS ABSENT : None OTHERS PRESENT: : Community Development Director Michael Grochala; City Clerk Julie Bartell The meeting was called to order at 7:15 p.m. by EDA President Kusterman. CONSIDERATION OF THE MINUTES OF DECEMBER 12, 2016 Economic Development Authority (EDA) Member Rafferty moved to approve the December 12, 2016 minutes as presented. EDA Member Maher seconded the motion. Motion carried on a voice vote. CONSIDERATION OF 2017 ANNUAL APPOINTMENTS Community Development Director Grochala reviewed the list of appointments that are considered annually by the group. The list includes providers for certain professional services and staff is recommending those remain in place as is. The other appointments are the EDA officers (President, Vice President and Treasurer). EDA Member Reinert suggested that one option would be to rotate the officers and move people up the ladder, i.e. Vice President move to President, Treasurer to Vice President, etc. That way experience in those positions is shared. EDA Member Reinert moved to approve the following appointments for 2017 EDA Officers: President – Rafferty Vice President – Manthey Treasurer – Maher. EDA Maher seconded the motion. Motion carried on a voice vote. EDA Member Reinert moved that the balance of the EDA appointments remain as is for 2017. EDA Member Maher seconded the motion. Motion carried on a voice vote. EDA ANNUAL REPORT Michael Grochala, Community Development Director, reviewed the written staff report, highlighting the following 2016 activities: - 49 Club building demolition; - Business Subsidy Policy update; - Development Plan/District and TIF plan for United Properties project; - Contract for Development, United Properties; - Land Sale, DR Horton. Staff and the council discussed the substantial increase in development within the city in 2016. Development activity overall and building permit value included saw substantial growth during the year. EDA MINUTES February 13, 2017 DRAFT 2 Community Development Director Grochala added that no modifications to the EDA enabling resolution are needed or proposed at this time. EDA Member Manthey moved to approve the annual report as presented. EDA Member Maher seconded the motion. Motion carried on a voice vote. ADJOURNMENT There being no further business for consideration, the meeting was adjourned at 7:30 p.m. ECONOMIC DEVELOPMENT AUTHORITY AGENDA ITEM 3A STAFF ORIGINATOR: Michael Grochala MEETING DATE: April 10, 2017 TOPIC: Consideration of Resolution No. 17-01, Authorizing Conveyance of Lots 12-14, Block 2, Carole’s Estates 2nd Addition to City of Lino Lakes VOTE REQUIRED: Simple Majority. BACKGROUND In 1990 the Lino Lakes Economic Development Authority (EDA) purchased lots 12-16, Block 2, Carole’s Estates to facilitate the development of a Public Safety complex including construction of a new Fire Station. As part of the project financing the EDA entered into an Installment Purchase Contract (IPC) with the City of Lino Lakes. Article IV of the agreement authorized the sale of the land to the City. Section 4.4 specified that upon the City’s prompt and full performance of the agreement the EDA would execute and deliver to the City a warranty deed. All obligations related to the IPC were fulfilled by the City in 2010. At this time staff is requesting execution of a warranty deed, by the EDA, in fulfillment of the contract requirements. RECOMMENDATION Staff recommends approval of Resolution 17-01, Authorizing Conveyance of Lots 12-14, Block 2, Carole’s Estates 2nd Addition to City of Lino Lakes. ATTACHMENTS 1. Resolution No. 17-01 2. Property Location Map LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 17-01 RESOLUTION AUTHORIZING CONVEYANCE OF LOTS 12-14, BLOCK 2, CAROLE’S ESTATES 2ND ADDITION TO THE CITY OF LINO LAKES, MINNESOTA BE IT RESOLVED By the Board of Commissioners ("Board") of the Lino Lakes Economic Development Authority ("Authority") as follows: Section 1. Recitals. 1.01. The Authority is the owner of certain real property legally described to wit: Lots 12, 13, and 14, Block 2, Carole’s Estates, 2nd Addition, Anoka County, Minnesota 1.02. The Authority entered into an Installment Purchase Contract with the City of Lino Lakes (“City”), dated June 28, 1990 and filed for record with Anoka County as Document No. 910329 on October 10, 1990. 1.03. Article IV of the agreement authorized the sale of said land to the City. 1.04. Section 4.4 of the agreement states that upon the City’s prompt and full performance of the agreement the EDA shall execute and deliver to the City a warranty deed conveying marketable title. 1.05. The City has fulfilled the terms and conditions of the agreement. Section 2. Authority Approval; Further Proceedings. 2.01. The President and Executive Director are hereby authorized to execute, on behalf of the Authority, the warranty deed, and any documents referenced therein requiring execution by the Authority or otherwise required to effectuate the transaction described in those documents. 2.03. Authority staff and consultants are authorized and directed to take all actions needed to carry out the transactions describe in this Resolution. 2 Approved by the Board of Directors of the Lino Lakes Economic Development Authority, this 10th day of April, 1017. President ATTEST: Secretary 15"-RCP 66"-RCP -1"PVC1 0 "PV C 10" PVC10" PVC -1" PVC-1" PVC1 2 ''D I P 6''DIP8 ''D I P 12''DIP6''DIP1 2 ''D IP 12''DIP12'' DIP12''DIP12''DI P 12''DI P 12'' DIP 8''DI P12'' DIPMH0 029 MH0 030 MH0 073MH0075 MH0 141 MH0 142 14 AP-0852AP-0852 AP-1026AP-1026 AP-1027AP-1027 AP-1029AP-1029 AP-1030AP-1030 CB-19 34CB-19 35 CB-19 38 77347734 77317731 77227722 W09 7 5 W12 8 8 W17 0 577TH ST77TH ST City Property Map American Legion Parking Lot Expansion Date: 3 /24/2017 Ü05010025Feet