Agenda Packets - 1996/05/13 - Laserfiche WebLink

Home Browse Search

originally 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. Kuehlwein 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 41) development in Mounds View No Action. Move to April agenda. Reports From Chair, Commissioners and Staff: There were no reports 7. Adjournment There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 8:00 p.m. Respectfully Submitted, i L Economic Development Coordinator S 2