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02-01-2002
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02-01-2002
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EDC Minutes <br />February 1, 2002 <br />Page 3 <br /> <br />the shopping center). They are working with several prospective businesses to fill up the <br />remaining vacancies. <br /> <br /> <br /> <br />6. Minneapolis Metro North CVB Annual Meeting: The Minneapolis Metro North Convention & <br />Visitors Bureau promotes economic growth for its north metro members as a preferred <br />destination for events, meetings, and tourism. Funding for the Bureau’s operation is derived <br />from a 3% lodging tax assessed by hotels on rooms. Mounds View is the newest member of <br />the CVB, joining Anoka, Blaine, Brooklyn Center, Brooklyn Park, Coon Rapids, Fridley, <br />Maple Grove and Shoreview. Backman attended the Metro No. CVB’s annual meeting on <br />January 13th and represents the City on the Board. <br /> <br />7. 2002 Public Finance Seminar: Backman will be attending a public finance seminar focusing <br />on Tax Increment Financing (TIF) put on by Ehlers & Associates at the Earl Brown Center in <br />Brooklyn Park on February 7th & 8th. Chairperson Belting requested that it would be <br />beneficial for the Commission to receive information regarding TIF. <br /> <br /> <br />7. EDC BUSINESS <br /> <br />A. Consideration of Resolution 01-EDC-33 setting the 2002 Meeting Schedule: Backman raised the <br />subject of meeting dates and times, and whether the Commission would prefer to keep meeting <br />on the third Friday of each month at 7:30 a.m. All indicated that the present meeting schedule <br />was satisfactory. Commissioner Johnson moved to approve the proposed 2002 meeting <br />schedule, with the February meeting occurring on February 1st instead of the February 15th. <br />Seconded by Commissioner McDonald. <br /> Motion Carried: 6 Ayes 0 Nays <br /> <br />B. TIF District Developer Payment Issues: On a semiannual basis (2/1 & 8/1) the City makes TIF <br />payments to developers who have developed properties for industrial, commercial & housing <br />projects. Currently we are making payments for the following projects: C.G. Hill, Building N, <br />Silver Lake Pointe, Midwest I.V., and Zep Manufacturing. In reviewing the Development <br />Assistance Agreements, Backman noticed some apparent discrepancies in what was paid and <br />what should have been paid. Two of the payments (Bridges Leasing Co. for Midwest I.V., and <br />Kenmark Partnership for Zep Manuf.) were determined to be appropriate and were authorized by <br />the City. The other three are being reviewed. More complete information regarding these <br />payments will be provided for the March EDC meeting. <br /> <br />C. Developer/Business Meetings: Backman spoke of his priority to meet with the businesses in the <br />community. Within the current economic climate some sectors have been doing better than <br />others. He mentioned several businesses that he has toured and met with management. <br /> <br />D. Discuss Disetronic Medical Systems Retention: Backman indicated that this medical device <br />company located in Bldg. N is a business to keep an eye on. It has grown from 25+ employees <br />to over 120 during the past three years. It is close to running out of space, however, it has not <br />been able to come to terms with the building owner to expand into more of the building or to <br />purchase the building. Backman has met with Disetronic officials and representatives of Everest <br />Development. Chairperson Belting appreciated Backman’s efforts. He indicated that the EDC <br />needs to be proactive on businesses like this and that we should be ready to do retention visits or <br />other steps to keep the business growing in Mounds View. Commissioner Field pointed out the <br />need for clear communication between the City (EDA) and the EDC on projects and issues.
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