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HomeMy WebLinkAbout06/06/2024 EDAC MinutesAPPROVED MINUTES CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: June 6, 2024 TIME STARTED: 8:00 a.m. TIME ENDED: 9:12 a.m. MEMBERS PRESENT: Blakely LaCroix, Don Johnson, Patrick Kohler, Nathan Vojtech, Jim Schueller, Chad Wagner, Chris Spenner MEMBERS ABSENT: Keith Hembre, Andrew Cravero, Steve Marchek STAFF PRESENT: Michael Grochala, Julie Whitney 1. CALL TO ORDER Mr. Grochala called the Economic Development Advisory Committee meeting to order at 8:02 a.m. on June 6, 2024. 2. APPROVAL OF MINUTES Mr. Kohler made a motion to approve the May 2, 2024 meeting minutes. Motion was supported by Mr. Wagner. Motion carried 6 - 0. 3. DISCUSSION ITEMS A. Financial Security Requirements During the May 2, 2024 meeting the EDAC questioned what requirements the City has to make sure that improvements are completed for development projects. Mr. Grochala stated that the City’s “Official Controls”, require the deposit of a financial security to assure the City that public improvements are constructed or installed according to the specifications of the City. There are three types of security that may be used and include cash, irrevocable letter of credit or surety agreements. Mr. Grochala explained all three. Mr. Kohler asked who owns the land in the case of a default. Mr. Grochala said the land continues to be owned by the property purchaser. In the event that there is a default on a mortgage it could revert to the mortgage holder. Special assessments levied by the City stay with the property unless it goes tax forfeit. In this case , the City has other remedies available. Economic Development Advisory Committee June 6, 2024 Page 2 APPROVED MINUTES B. Proposed Residential Moratorium Mr. Grochala presented the staff report. Mr. Grochala said the first inquiry was from Pulte Homes to develop on the north side of main street. They approached the council in February 2024 and presented a Del Web b retirement community. The area Pulte is interested in developing is in the post 2030 utility staging area. This area will be served by utilities coming from the south side of Main Street. Mr. Grochala said Madinah Lakes came in around the same time and was interested in the property where the previous Promenade showed interest in 2022. It had a very similar layout but introduced the mosque and some commercial buildings within the development. Mr. Grochala said they planned on completing a master planning process including examination of the transportation system, utilities, parks a nd an environmental review. Mr. Grochala also clarified the affected area for the moratorium. Mr. Schueller questioned if it goes over the one year is there a way to request an extension. Mr. Grochala said there can be up to a six-month extension but it needs to meet certain requirements. Mr. LaCroix also asked if there are any legal implications to the City for requesting the moratorium. Mr. Grochala said there could be challenges but the City has statutory authority to plan and implement a moratorium. Mr. Kohler asked if there would be an open house for the residents for the environmental review. Mr. Grochala said community engagement will be a core component of the process. Mr. Kohler asked what would happen to property taxes if the moratorium was put into place. Mr. Grochala said it is not City wide and shouldn’t have a large impact on economic development efforts. He noted that the City is getting commercial development inquiries along the 35E corridor. He acknowledged that the moratorium could give off some negative connotations for perspective developers. C. Project Updates Mr. Grochala updated the committee on current City projects. • Water Treatment Plant is out for bids • 35E interchange construction is planned for 2025 • Anoka County is starting a design process for Sunset Ave. between Main and 109th • Culver’s starting construction • 49 & J project underway • Otter Lake Road extension plan preparation underway Economic Development Advisory Committee June 6, 2024 Page 3 APPROVED MINUTES 4. ADJOURNMENT Mr. Vojtech made a motion to adjourn the meeting at 9:16 a.m. Motion was supported by Mr. Blakely. Motion was carried 7 - 0. Respectfully submitted, Julie Whitney, Community Development Administrative Assistant