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HomeMy WebLinkAbout04/04/2024 EDAC Combined PacketCITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MEETING Thursday, April 4, 2024 8:00 A.M. Community Room AGENDA 1. Call to Order and Roll Call 2. Approval of Minutes: March 7, 2024 3. Discussion Items A. Anoka County Housing Study, Karen Skepper, Anoka County B. Project Updates 4. Adjournment DRAFT MINUTES CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: March 7, 2024 TIME STARTED: 8:05 a.m. TIME ENDED: 9:15 a.m. MEMBERS PRESENT: Blakely LaCroix, Don Johnson, Patrick Kohler, Chad Wagner, Nathan Vojtech MEMBERS ABSENT: Julie Jeffrey-Schwartz, Steve Marchek, Andrew Cravero, Jim Schueller, Keith Hembre STAFF PRESENT: Michael Grochala, Julie Whitney 1. CALL TO ORDER Mr. Grochala called the Economic Development Advisory Committee meeting to order at 8:05 a.m. on March 7, 2024. 2. APPROVAL OF MINUTES No minutes were available from the previous meeting. 3. DISCUSSION ITEMS A. Mountain Manufacturing Expansion (400 Apollo Drive) City staff has been working with Mountain Manufacturing Technologies (400 Apollo Drive) on a proposed expansion of their existing facility. Mountain Manufacturing is a full-service precision manufacturing business providing R & D, production, and machining services to the medical device industry. They were proposing a 41,000 SF addition to their existing building. The City’s EDA took action to acquire the adjacent 2.03 acre tax forfeit property from Anoka County to facilitate the expansion. A purchase agreement was subsequently approved in January with MIT, USA, Mountain Manufacturing’s, property holding company for that property. Mr. Grochala explained that staff with MIT on a right-of-way vacation and conveyance of a remnant parcel northeast of the current building. The County has a market value of the property at $13,000, however; the City was going to convey at a nominal price as part of the expansion. Economic Development Advisory Committee March 7, 2024 Page 2 DRAFT MINUTES He further noted that Mountain Manufacturing, has since informed the City that they are temporarily holding off on expansion but would still like to obtain the property. Mr. Grochala described their hybrid plan to lease 45,000 square feet at another location and expand the existing facility in four to five years. Mr. Grochala presented options to the Board, with the absence of a project. The City could 1) clear the title and let them purchase the property for $1.00; 2) the City could charge them market value which is $13, 000; or 3) just hold onto it. It was suggested by the Board to continue to sell it for $1.00 with a time contingency to complete the project. If they fail to complete the project they will forfeit the property back to the City. Another suggestion was to charge them a market price for the land with an adjusted inflator to reflect value of the property in 4 – 5 years. The proceeds could be held in escrow and if MIT constructed in that time the proceeds would revert back to them. If the property was not developed, the City would receive the proceeds. Mr. Grochala stated he would explore those options with MIT. B. 35E Interchange Update Over the past two years the City has partnered with Anoka and Ramsey Counties, White Bear Township and the City of North Oaks to plan for the reconstruction of the Interstate 35E and County Road J interchange. Reconstruction of the interchange will include the addition of northbound 35E on ramps and southbound off ramps. The improvements will resolve existing operation problems and the interchange, increase capacity and address operational problems at Ash and Centerville and the Centerville and County Road J intersections. Mr. Grochala addressed the Board questions and concerns. C. Project Updates Mr. Grochala updated the committee on current City projects. 4. ADJOURNMENT Meeting adjourned at 9:15 a.m. Respectfully submitted, Julie Whitney, Community Development Administrative Assistant ECONOMIC DEVELOPMENT ADVISORY COMMITTEE AGENDA ITEM 3A STAFF ORIGINATOR: Mike Grochala, Community Development Director EDAC MEETING DATE: April 4, 2024 TOPIC: Anoka County Housing Study BACKGROUND Anoka County completed a county wide housing study in early 2024. Karen Skepper, Director of Community and Government Relations, for Anoka County will be presenting and overview of the study findings. This will include some specifics regarding Lino Lakes. Ms. Skepper will be available to address questions from the board. The City will be receiving over $140,000 dollars in housing added in 2024 with an additional $248,000 estimated for 2025 to assist with affordable housing programs. Staff is currently working with Ehlers’s and Associates to establish a housing trust fund to hold the proceeds. These dollars could be used for any additional study the City may want to complete. EDAC CONSIDERATION None. Discussion only. ATTACHMENTS 1. None