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Mounds View EDA January 8, 2018 <br />Regular Meeting Page 2 <br /> <br />changes the Council had proposed for the agreement and noted the City Attorney had reviewed <br />these changes. Staff recommended approval of Preliminary Development Agreement with INH. <br /> <br />Vice President Gunn read a statement aloud for the record stating the Preliminary Development <br />Agreement was nothing more than an agreement to continue negotiations and to do so <br />exclusively. She explained this agreement does not bind the EDA to approving the project or <br />selling the land. She indicated in the private sector this type of agreement is called an access <br />agreement which includes a letter of intent and serves the same purpose. She reported the <br />agreement ensures that the City will not sell the land while an engaged buyer is completing due <br />diligence on the property with the intent to purchase. <br /> <br />President Mueller read Resolution 18-EDA-303 in full for the record. <br /> <br />MOTION/SECOND: Gunn/Hull. To Adopt Resolution 18-EDA-303, approving a Preliminary <br />Development Agreement with INH Property Management, Inc. by the Mounds View Economic <br />Development Authority. <br /> <br />Commissioner Meehlhause reiterated this was a preliminary agreement and allows the developer <br />to complete a feasibility study to determine if the developer would like to come forward with a <br />project. He reported this was a standard operating procedure for cities and noted this same <br />procedure was followed with the Beard Group in 2015. <br /> <br />Commissioner Bergeron called the Authorities attention to the third whereas, stating the specialty <br />retail has been spelled out in the Resolution. He commented that it appears all of the developer’s <br />apples have been placed in one basket and they would like to proceed with the gun club. He <br />stated in the fourth whereas, the smaller traditional retail was an alternate and not in conjunction <br />with the development. He expressed concern with these changes and feared the gun club had <br />been solidified into this proposal. <br /> <br />President Mueller read Section 7 of the Agreement noting the developer would be solely <br />responsible for all costs incurred by the developer and will pay the EDA a non-refundable sum of <br />$7,500 as reimbursement of its administrative costs. She reported this sum would cover <br />administrative fees taken on by the City. She explained that in order for a project to move <br />forward on this property a development agreement had to be in place and would allow INH the <br />opportunity to develop more detailed plans for their project. These detailed plans would be <br />reviewed by the Council and discussed at Public Hearings in the near future. <br /> <br />Commissioner Bergeron stated he wanted to make the developer aware of his stance on the <br />project right from the beginning. <br /> <br />Commissioner Hull asked if the residents would be allowed to speak at the EDA meeting. <br />President Mueller recommended these comments be taken at the City Council meeting.