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EXHIBIT D <br />City of Mounds View Staff Report Dated October 3, 2005 For Resolution No. 6650 <br />Item No. <br />Meeting Date: October 3, 2005 <br />Type of Business: CC <br />WK: Work Session; PH.• Public Hearing; <br />CA: Consent Agenda; EDA: EDA Business <br />Administrator Review: <br />City of Mounds View .Staff Report <br />To: Mounds View City Council <br />• <br />From: Aaron Backman, Economic Development Coordinator <br />Item Title/Subject: Resolution No. 6650 Approving the Subdivision of Property <br />Pursuant to Purchase Agreement and Contract for Private <br />Redevelopment Dated August 31, 2005, by and between the <br />City of Mounds View, Mounds View Economic Development <br />Authority and Medtronic, Inc. <br />Date of Report: <br />October 3, 2005 <br />• <br />Background: <br />In order to comply with the terms and conditions of the Purchase Agreement and <br />Contract for Private Development executed on August 31, 2005, by and between the <br />City, the EDA and Medtronic (the "Development Agreement"), the City must <br />acknowledge and approve the subdivision of one of the parcels of land that will be <br />included in the conveyance. The parcel of land in question was deeded to the City <br />pursuant to special legislation in 1988 (Minnesota Laws, 1988, Chapter 61) and is <br />commonly referred to as the former "MnDOT parcel", hereinafter referred to as the <br />"Property". <br />As a general rule, if a transfer of land involves the conveyance of something less than <br />an entire tax parcel, the property being transferred must be subdivided pursuant to the <br />regulations that have been adopted by the City in which the property is located. <br />Minnesota Statutes authorize municipalities, by ordinance, to enact subdivision <br />regulations establishing standards, requirements and procedures for the review and <br />approval or disapproval of subdivisions. See Minnesota Statutes Section 462.358, <br />subd. 1(a) (2004). State law requires that municipal subdivision regulations include <br />public hearings on subdivision applications prior to the preliminary approval "unless <br />otherwise provided by law or charter" Minnesota Statutes Section 462.358, subd. 3(b} <br />(2004), or if the parcel meets certain characteristics as set forth in Minnesota Statutes <br />SJR-26911$vl <br />MU205-30 <br />D-1 <br />