Agenda Packets - 2005/07/25 - Laserfiche WebLink

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Mounds View City Council June 27, 2005 Regular Meeting Page 6 1 Ayes-4 Nays-1 (Marty) Motion carried. 2 3 H. First Reading of Ordinance Authorizing the Sale of Land Comprising the 4 Bridges of Mounds View Golf Course to the Mounds View Economic 5 Development Authority. 6 7 Economic Development Coordinator Backman explained that to allow for the sale of the land to 8 Medtronic, the current owner, -the City of Mounds View-, would be required to convey the 9 property to the Mounds View Economic Development Authority. He indicated that several of 10 the documents necessary for the sale have been attached for their review including Ordinance 11 760, the legal description form of the Quit Claim Deed. 12 13 Council Member Thomas stated that she has had several discussions with City Administrator 14 Ulrich as to whether this should be on tonight’s agenda. She explained that the Council does not 15 want it to appear that they are rushing into things with this proposal noting that everyone is aware 16 of the timetables. She further explained that she gave considerable thought to possibly asking 17 that this item be pulled from the agenda noting that at the last minute she decided that it would be 18 counterproductive to drag it out any further. She noted that it allows steps to proceed in every 19 direction to go ahead with this and at this point there is not a lot that would be forestalled or 20 changed. She explained that she wanted to bring this up due to the concerns she had and the 21 discussions she had with Staff and Residents. She stated that it seems to help everyone involved 22 to go ahead with this resolution 23 24 Mayor Marty asked City Attorney Riggs what the advantages would be if the City transfers the 25 property to the EDA. 26 27 City Attorney Riggs explained that this is by Statute, an automatic right of reverter should the 28 development not commence. He further explained that if the land is not built on that it would 29 automatically have to come back to the EDA. He noted that the EDA, in this city, does oversee 30 the tax increment programs and because that is what this is, a development contract, it is directly 31 involved with the EDA. He noted that the main thing is the right to revert. He stated that if 32 Council feels they want the ordinance to transfer the land directly from the city to Medtronic he 33 did not think it would be a problem with Medtronic. He stated that it could be done this way if 34 that is how Council wants it done. 35 36 Mayor Marty stated that he does not believe that Medtronic would go through all of this only to 37 walk away from it and asked if the transfer to the EDA was necessary. 38 39 Council Member Gunn stated that it is her understanding that this is the process the City has 40 always used in all types of land sales. 41 42 City Attorney Riggs confirmed that this is the same process the city has used in the past for land 43 sales. 44 45