HomeMy WebLinkAbout02-10-25 - EDA Agenda PacketCITYVL;K
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ECONOMIC DEVELOPMENT
AUTHORITY AGENDA
Monday, February 10, 2025
AUTHORITY MEETING, IMMEDIATELY FOLLOWING REGULAR CITY COUNCIL MEETING
Council Chambers
1. Call to Order and Roll Call
2. Consideration of Minutes of August 5, 2024
3. Action Items
A. Consideration of 2025 Annual Appointments
B. 2024 Annual Report
4. Adjournment
ADJOURNMENT
CITY OF LINO LAKES
ECONOMIC DEVELOPMENT AUTHORITY
MEETING
DATE: August 5, 2024
TIME STARTED: 8:45 PM
TIME ENDED: 9:20 PM
EDA MEMBERS PRESENT: President Stoesz, Vice President Lyden, Treasurer Ruhland,
EDA Member Rafferty, and EDA Member Cavegn
STAFF PRESENT: Michael Grochala, Community Development Director, and
Sarah Cotton, EDA Executive Director
1. CALL TO ORDER AND ROLL CALL
EDA President Stoesz called the meeting to order at 8:45 PM.
All members were present.
2. CONSIDERATION OF JANUARY 22, 2024, MEETING MINUTES
Motion to approve the January 22, 2024 meeting minutes as presented.
RESULT: CARRIED [UNANIMOUS]
MOVER: Lynden
SECONDER: Rafferty
AYES: Stoesz, Lynden, Ruhland, Rafferty and Cavegn.
3. ACTION ITEM
A. Closed Session
President Stoesz stated that the meeting would be closed to discuss an offer and
counteroffer for the Sale Property, Lots 1-3, Block 2 and Outlots B & C, The Village No. 4.
i. Motion to close the meeting to discuss an offer and counteroffer for the Sale
Property, Lots 1-3, Block 2 and Outlots B & C, The Village No. 4.
RESULT: CARRIED [UNANIMOUS]
MOVER: Rafferty
SECONDER: Lynden
AYES: Stoesz, Lynden, Ruhland, Rafferty and Cavegn.
ii. Motion to open the meeting.
RESULT:
CARRIED [UNANIMOUS]
MOVER:
Cavegn
SECONDER:
Ruhland
AYES:
Stoesz, Lynden, Ruhland, Rafferty and Cavegn.
4. ADJOURN
A. Motion to adjourn the meeting.
RESULT:
CARRIED [UNANIMOUS]
MOVER:
Cavegn
SECONDER:
Ruhland
AYES:
Stoesz, Lynden, Ruhland, Rafferty and Cavegn.
The meeting was adjourned at 9:20 PM.
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
AGENDA ITEM 3A
STAFF ORIGINATOR: Michael Grochala
MEETING DATE: February 10, 2025
TOPIC: Consideration of 2025 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
2024
2025 Recommended
1. President
Dale Stoesz
Chris Lyden
2. Vice President
Chris Lyden
Mike Ruhland
3. Treasurer
Mike Ruhland
Tony Cavegn
4. Secretary
Community Development
City Clerk
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
First Resource Bank
LMC 4M Fund
LMC 4M Fund
PMA Financial Networks
PMA Financial Networks
PMA Securities
PMA Securities
Moreton Capital Markets
Moreton Capital Markets
US Bank
US Bank
Position
2023
2024 Recommended
9. Legal Services
Kennedy & Graven,
Kennedy & Graven,
Rupp, Anderson, Squires &
Squires, Waldspurger, &
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 - 2024
EDA Advisory Board (2017-2024)
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
2024
• President — Dale Stoesz
• Vice President — Chris Lyden
• Treasurer —Mike Ruhland
LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY
AGENDA ITEM 313
STAFF ORIGINATOR: Michael Grochala, Community Development Director
MEETING DATE: February 10, 2025
TOPIC: 2024 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 2024, the EDA undertook the following development activities.
1. Approved the acquisition of tax forfeit property in the Apollo Business Park (PIN 18-
31-22-41-0011).
Overall, the City continued to see development activity in 2024. 124 new residential
construction permits were issued in 2024. This is a slight increase over 2023 but substantially
under projected growth. Total building permit valuation increased from $57, 600,000 in 2023
to approximately $75,600,000 in 2024.
Commercial activity included the opening of Culvers, Milestones Learning Center, Heartland
Dental, and Starbucks. Approximately 76,000 square feet of industrial space was added
including Figi Cube, Lino Tech Center, and Sterling Plastics.
The City entered into a purchase agreement with Java Companies, to sell approximately 2.0
acres of City property adjacent to Lake and 77t" Street. This is part of a multi -property
redevelopment project that includes the realignment of 77t" Street to the Market Place Drive
intersection. The project including three new buildings was approved in November. Closing is
anticipated this fall.
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
Member Bohianen introduced the following resolution and moved its
adoption:
CITY OF LINO LAKES
RESOLUTION NO. 33 - 90
ENABLING RESOLUTION ESTABLISHING AN
ECONOMIC DEVELOPMENT AUTHORITY UNDER
MINNESOTA STATUTES SECTIONS 469.090
TO 469.108
WHEREAS, Minnesota Statutes Sections 469.090 through 469.108 (the "EDA
Act"), authorizes cities to establish an Economic Development Authority ("EDA")
with specified powers and obligations to promote and to provide incentives for
economic development; and
WHEREAS, the City Council of the City of Lino Lakes, Minnesota (the
"Council") has determined that it is in the best interest of the City of Lino Lakes,
Minnesota (the "City") to establish an EDA in order to preserve and create jobs,
enhance its tax base, encourage development and redevelopment, promote the
general welfare of the people of the City and assume primary responsibility for
development activities within the City; and
WHEREAS, the Council has provided public notice and conducted a public
hearing on June 11, 1990, concerning the establishment of an EDA and has fulfilled
all other legal requirements for the establishment of an EDA.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF LINO LAKES AS FOLLOWS:
1. The Lino Lakes Economic Development Authority is hereby established
pursuant to Section 469.091, Subd. 1 of the EDA Act.
2. The EDA shall have all of the powers, rights, duties and obligations
conferred on economic development authorities by Sections 469.090 to
469.108, including the powers of a city granted by the City Development
District Act, Minnesota Statutes Sections 469.124 through 469.134 and of
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housing and redevelopment authorities granted by the Housing and
Redevelopment Authorities Act, Minnesota Statutes Sections 469.001
through 469.047, or other law.
3. It is the intention of the Council, by adoption of this enabling resolution, to
grant to the EDA the powers set forth in paragraph 2, while at the same
time leaving unaffected by this action all powers of the City of Lino Lakes.
Specifically, the City shall retain all powers necessary to carry out all
development activities not hereby transferred to the EDA.
4. The EDA shall have the power of eminent domain as set forth in Section
469.101, Subdivision 4 of the EDA Act and in Chapter 9, Eminent Domain, of
the City Charter.
5. The EDA shall be governed by a board of commissioners ("Commissioners")
consisting of the City Council members. The terms of the Commissioners
shall coincide with their terms of office as members of the Council in that
such term shall expire with the expiration of the Council term being served
at the time of their appointment.
6. In accordance with Section 469.100, Subdivision 2 of the EDA Act, the EDA
shall submit its budget annually to the Council for approval by the Council.
Within thirty (30) days of appointment of the first Board of Commissioners
of the EDA pursuant to paragraph 2 hereof, the Commissioners shall submit
for Council approval a temporary budget covering the period from the date
of such submittal until January 1, 1991. The EDA shall submit for approval
of the Council a proposed budget for the following full calendar year and
shall do so in accordance with Council directions. In addition, upon
submittal of its proposed annual budget to the Council, the EDA shall
provide the Council an account of its receipts and expenditures as required
by Section 469.100, Subdivision 4 of the EDA Act.
7. The city administrator for the City shall act as the Executive Director of
the EDA and, in such capacity, shall act at the direction of the
Commissioners.
8. The City Council or its designees (the "Administration") may provide such
City staff to the EDA as the EDA may require; provided that the
Administration may require reasonable reimbursement by the EDA for costs
associated with the provision of such staff; and provided further that
nothing in this paragraph shall preclude the EDA from hiring such personnel
as the EDA may from time -to -time determine.
9. Each year, within sixty (60) days of the anniversary date of the first
adoption of this enabling resolution, the EDA shall submit to the Council its
report regarding recommended modifications, if any, of this enabling
resolution as provided in Section 469.093, Subdivision 3 of the EDA Act.
10. All financial books, records, accounts and reports of the EDA shall be
prepared, presented and retained by the finance department of the City,
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which department shall have the responsibility for administering the
finances of the EDA as it does the finances of the City; provided that the
Administration may require reasonable reimbursement by the EDA for costs
associated with the provision of such services by the finance department.
11. There is attached hereto as Exhibit "A" a list of municipal development
districts created by the Council pursuant to Minnesota Statutes Sections
460.124 through 469.134 and tax increment districts created by the Council
pursuant to Minnesota Statutes Sections 469.174 through 469.179, or its
predecessors, the control, authority and operation of which are hereby
transferred to the EDA. The EDA shall accept the transfer of these
projects and districts and shall pledge to perform the terms, conditions and
covenants of all agreements outstanding with respect thereto.
12. With respect to the projects and districts transferred to the EDA from the
City, there is no litigation involving the City, no agreements to which the
City is a party nor real or personal property owned by the City.
13. The City shall appropriate and transfer to the EDA such funds as it deems
necessary from time to time to ensure that the EDA has adequate funds to
carry out its activities.
14. City officials and staff are hereby authorized and directed to execute such
deeds, assignments, requisitions, directives and agreements as may be
necessary and appropriate to carry out the terms, conditions and intensions
of this enabling resolution.
15. The EDA may request the City to levy a tax up to the maximum tax for the
benefit of the EDA as specifically set forth in Section 469.107 of the EDA
Act.
16. Nothing shall prevent the City from modifying this enabling resolution to
impose limits on the powers of the EDA or provide for other matters as
authorized in the EDA Act or other law.
17. This resolution shall become effective when the EDA holds its first meeting
and accepts the transfers herein described.
18. Notwithstanding any provision herein to the contrary, the authority granted
to the EDA pursuant to paragraph 2 above shall not be exercised until the
EDA has established an advisory board which shall be comprised of all of the
members of the City's Economic Development Commission.
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Adopted by the City Council this 11 th day of June , 1990.
l
Harold L. Bisel, Mayor
ATTEST:
- Gar
r' yn G An erson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded
by member
Neal
and upon vote being taken thereon, the following
voted in favor thereof: Neal, Bisel, Bohianen
and the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
LN140-12
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EXHIBIT A
List of City Development District Projects and Tax Increment Financing Districts
transferred from the City to the Economic Development Authority of Lino Lakes
City Development Districts:
Development District No. 1
Tax Increment Financing Districts:
Tax Increment Financing District No. 1-1
Tax Increment Financing District No. 1-2
Tax Increment Financing District No. 1-3
Tax Increment Financing District No. 1-4
LN140-12