03-28-1996 - Laserfiche WebLink

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discussed for 2625 Highway 10 of which the City currently owns. Commissioner Carlson gave a brief history of how the project was brought to the City through discussion with a bank client who is also a developer. Mr. Kuehlwein gave an overview of his proposal which includes constructing a facility to house four volleyball courts with additional space for banquets, weights rooms, locker rooms, daycare facilities, dance studio, sports medicine doctor offices, etc. Mr. lCuehlwein is a consultant for the Minnesota Sports Federation and has been a volleyball coach and scout for many years. He has done extensive research on the market and believes a facility of this kind is very needed in the North Metro. In addition, Mr. Kuehlwein discussed the possibility of entering into a joint venture with the City for the redevelopment of the Bel -Rae Ballroom site for this facility plus space for City Community Center activities. There was much discussion regarding the possible size and financing options for such a venture and the use of tax increment financing for this project was discussed. Motion/Second: Nelson/Carlson moved to pursue the Bel -Rae site for the volleyball complex in partnership with the City of Mounds View's Economic Development Authority and Mr. Kuehlwein's group V.B. Diggs. Motion Carried 7 ayes 0 nays B. Consideration of Removing Tax Increment Policies for new/expanded development in Mounds View from the table of February 22, 1996 It was decided to defer this item to the next agenda in April. No Action. C. Consideration of Tax Increment Policies for new/expanded development in Mounds View No Action. Move to April agenda. Reports From Chair, Commissioners and Staff: There were no reports Adjournment There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 8:00 p.m. Respectfully Submitted, Econom c D velopment Coordinator 2