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Home My WebLink About01-22-2024 EDA PacketLINO LAKES ECONOMIC DEVELOPMENT AUTHORITY MEETING Monday, January 22, 2024 Immediately Following Regular City Council Meeting City Council Chambers 1.Call to Order and Roll Call 2.Consideration of Minutes of December 11, 2023 3.Action Items A)Consideration of 2024 Annual Appointments B)2023 Annual Report C)Public Hearing. Consider Resolution No. 24-01, Approving Sale of Property to MIT USA, LLC, Apollo Business Park, Michael Grochala 4.Adjourn CITY OF LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY MEETING DATE: December 11, 2023 TIME STARTED: 8:10 PM TIME ENDED: 8:17 PM EDA MEMBERS PRESENT: Rafferty, Lyden, Stoesz, Ruhland, Cavegn STAFF PRESENT: Michael Grochala, Community Development Director, Sarah Cotton, EDA Executive Director 1.CALL TO ORDER AND ROLL CALL The meeting was called to order at 8:10 PM by EDA President Cavegn. All members were present. 2. CONSIDERATION OF JANUARY 23, 2023 MEETING MINUTES EDA Member Rafferty moved to approve the May 22, 2023 meeting minutes. The motion was seconded by EDA Member Stoesz. All voted in favor; the motion carried unanimously. 3.ACTION ITEM A.Consider Resolution No. 23-02, Approving Purchase of Tax Forfeited Property Community Development Director Michael Grochala provided details to the EDA on a proposal to purchase tax forfeited property located within the Apollo Business Park in an effort to support industrial expansion opportunities, specifically for the EDA’s consideration is parcel number 18-31-22-41-0011, for the amount of $900, plus applicable recording and state fees. i.Motion to: Approve EDA Resolution 23-02 RESULT: CARRIED [UNANIMOUS] MOVER: Rafferty SECONDER: Ruhland AYES: Rafferty, Ruhland, Lyden, Stoesz Cavegn, 4.ADJOURN A.Motion to: Adjourn The meeting was adjourned at 8:17 PM. RESULT: CARRIED [UNANIMOUS] MOVER: Ruhland SECONDER: Rafferty AYES: Ruhland, Rafferty, Lyden, Stoesz Cavegn, LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY AGENDA ITEM 3A STAFF ORIGINATOR: Michael Grochala MEETING DATE: January 22, 2024 TOPIC: Consideration of 2024 Annual Appointments VOTE REQUIRED: Simple Majority BACKGROUND The Economic Development Authority (EDA) was established in 1990 pursuant to Minnesota Statutes, Chapter 469. The EDA is governed by a board of commissioners consisting of the City Council. Each year, the Economic Development Authority is required by its by-laws to hold an annual meeting and to make a number of appointments. The President, Vice President, and Treasurer positions have historically rotated annually among the membership. The following is a list of appointments for your consideration: Position 2023 2024 Recommended 1. President Tony Cavegn Rob Rafferty 2. Vice President Rob Rafferty Dale Stoez 3. Treasurer Dale Stoesz Chris Lyden 4. Secretary Community Development Director Community Development Director 5. Assistant Treasurer Finance Director Finance Director 6. Executive Director City Administrator City Administrator 7. Official Newspaper Quad Community Press Quad Community Press 8. Legal Depositories First Resource Bank LMC 4M Fund PMA Financial Networks PMA Securities Moreton Capital Markets US Bank First Resource Bank LMC 4M Fund PMA Financial Networks PMA Securities Moreton Capital Markets US Bank Position 2023 2024 Recommended 9. Legal Services Kennedy & Graven, Rupp, Anderson, Squires & Waldspurger Kennedy & Graven; Squires, Waldspurger, & Mace P.A. 10. Financial Advisor NA Ehlers Ehlers was added as the EDA’s Financial Advisor for 2024. The appointments can be made in one motion. RECOMMENDATION Staff is recommending Board prerogative or as recommended. ATTACHMENTS 1.Past Board appointments 2013 - 2023 EDA Advisory Board (2017-2023) 2017 •President – Rob Rafferty •Vice President – Michael Manthey •Treasurer – Melissa Maher 2018 •President – Michael Manthey •Vice President – Melissa Maher •Treasurer – Dale Stoesz 2019 •President – Melissa Maher •Vice President – Dale Stoesz •Treasurer – Rob Rafferty 2020 •President – Dale Stoesz •Vice President – Chris Lyden •Treasurer – Michael Ruhland 2021 •President – Chris Lyden •Vice President- Michael Ruhland •Treasurer- Tony Cavegn 2022 •President – Michael Ruhland •Vice President- Tony Cavegn •Treasurer- Rob Rafferty 2023 •President – Tony Cavegn •Vice President- Rob Rafferty •Treasurer- Dale Stoesz LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY AGENDA ITEM 3B STAFF ORIGINATOR: Michael Grochala, Community Development Director MEETING DATE: January 22, 2024 TOPIC: 2023 Annual Report VOTE REQUIRED: 3/5 BACKGROUND Each year staff is required to provide a recap of the prior year activities undertaken by the board. In 2023, the EDA undertook the following development activities. 1.Approved the assignment of Contract for Private Development for AX Lino Lakes – TIF District 1-12 (Distribution Alternatives) 2.Approved the acquisition of tax forfeit property in the Apollo Business Park from Anoka County. Overall, the City continued to see substantial development activity in 2023. 112 new residential construction permits were issued in 2023. Commercial activity was strong with several new businesses opening and two currently under construction. Total building permit valuation was approximately $57,583,000. Staff is also reporting that no modifications to the EDA enabling resolution are needed or proposed. RECOMMENDATION Staff is recommending that the EDA accept the report. ATTACHMENTS 1.Enabling Resolution LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY AGENDA ITEM 3C STAFF ORIGINATOR: Michael Grochala, Community Development Director MEETING DATE: January 22, 2024 TOPIC: Public Hearing. Consider Resolution No. 24-01, Approving Sale of Property in the Apollo Business Park VOTE REQUIRED: 3/5 BACKGROUND In December of 2023 the EDA took action to acquire from Anoka County a 2.03 acre tax forfeit parcel along Apollo Drive (PIN 18-31-22-41-0011). The total purchase price of the property was $900.00 plus recording and transfer fees of $104.65. Pending County approval of the purchase staff is proposing approval of a purchase agreement with MIT USA LLC (Mountain Manufacturing) for assemble with their adjacent property. MIT USA LLC is currently evaluating expansion of their existing facility on the site. The property would allow for expansion and treat increased stormwater runoff from the project. Terms of the sale include: 1.Sale is subject to Anoka County approval of the EDA tax forfeit property purchase. 2.The EDA will retain a public drainage and utility easement over that part of the property required for stormwater management including existing drainage from 374 Apollo. 3.Sale price of $900.00 4.Buyer responsible for all fees and city administrative and legal costs associated with the transfer. A $3,500 escrow will be established in addition to the sale price. 5.The lot will be combined with the existing parcel at 400 Apollo Drive (18-31-22-41- 0004). RECOMMENDATION Staff is recommending approval of Resolution No. 24-01. ATTACHMENTS 1.Resolution No. 24-01 2.Location Map LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 24-01 RESOLUTION APPROVING THE SALE OF LAND WITHIN THE CITY OF LINO LAKES WHEREAS, the Lino Lakes Economic Development Authority (the “EDA”) has the authority to sale property for economic development purposes; and WHEREAS, certain real land identified as Anoka County Tax Parcel, 18-31-22-41-0011, legally described on Exhibit A, attached hereto, is located in the Apollo Business Park; and WHEREAS, the parcel may be used to promote economic development and allow for expansion of abutting industrial property; and WHEREAS, the parcel is guided for Industrial use in the City’s 2040 Comprehensive Plan and zoned LI, Light Industrial; and WHEREAS, the sale of the property will provide for enhancement of the City’s tax base and assist in the retention of a local business. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Lino Lakes Economic Development Authority that: 1. The sale of parcel 18-31-22-41-0011 To MIT USA LLC, in the amount of $900.00 plus fees, is hereby approved subject to such terms incorporated into the purchase agreement for said property. The President and Executive Director are hereby authorized to execute a purchase agreement, deed and other documents as may be necessary in order to sell the property. Adopted by the Board of Commissioners of the Lino Lakes Economic Development Authority this 22nd day of January, 2024. President, ATTEST: Executive Director, Sarah Cotton 2 EXHIBIT A Legal Description: That part of the Northeast Quarter of the Southeast Quarter of Section 18, Township 31, Range 22 lying southerly of Apollo Drive and lying Northerly of I35W and lying Northeasterly of the following described line: Commencing at the most Easterly corner of parcel 14, City of Lino Lakes Right of Way Plat No. 1, Apollo Drive; thence South 68 degrees 12 minutes 20 seconds West (assumed bearing) along the Southeasterly line of said Plat 60.07 feet; thence Southwesterly 243.99 feet along said Southeasterly line being a tangential curve concave to the southeast having a radius of 610 feet and a central angle of 22 degrees 55 minutes 02 seconds; thence South 45 degrees 17 minutes 18 seconds West tangent to said curve 280 feet to the point of beginning of said line; thence South 44 degrees 42 minutes 42 seconds East 308.65 feet to intersect with the northeasterly right of way of I35W and said line there terminating, except the East 383 feet thereof, Anoka County, Minnesota. Legend Address Labels Parcels December 1, 2023± Map Powered By Datafi 1 in = 200 Ft Tax Forfeit Property