Agenda Packets - 2005/07/25 - Laserfiche WebLink

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Mounds View City Council June 27, 2005 Regular Meeting Page 16 put to a vote and is turned down by the public, how would the city pay for the $5 million grant if 1 Medtronic does not come to Mounds View. 2 3 Economic Development Coordinator Backman explained that if somebody gives you $5 million 4 there are expectations that go along with that. He explained that from a process standpoint in the 5 discussions with the State of Minnesota it is his understanding that they are trying to hold 6 Ramsey County harmless so that if they are incurring obligations with an entity, those obligations 7 are paid for. He stated that they have had discussions with DEED, the State Economic 8 Development Agency, and they have agreed to advance the City of Mounds View $1.6 million so 9 that they are held harmless. 10 11 Barbara Haake stated that this does not answer her question because when this happens and they 12 advance the funds to hold us harmless and Medtronic does not go through, how would it be paid 13 for. 14 15 Economic Development Coordinator Backman responded that in discussions with DEED about 16 this, the worst case scenario discussed is that if everything is approved and for some reason the 17 Medtronic project doesn’t materialize and there are still continued expenses, in essence the State 18 would be at risk and the State would in turn ask the city if they plan to pursue another 19 development project. He noted that this is a lot of assumption. 20 21 Ms Haake noted that if they did pursue another development possibility, it wouldn’t happen for 22 three to four years, again, who would be held responsible. She asked if the city would pay and 23 would it come out of TIF funds. 24 25 City Administrator Ulrich explained that the city would not be held responsible for this portion 26 of money that is being expended. He further explained that if the project did not go through the 27 design monies spent would come from State monies not local monies. 28 29 Mayor Marty noted that it states that Ramsey County has already issued RFPs on this without 30 knowing if it was approved. 31 32 Mr. Haider explained that the timelines on this project are absolutely ridiculous and had to get 33 some of this started. He further explained that the RFP is just a request for proposal and assured 34 Council that Ramsey County has not entered into any contractual agreements at this time. 35 36 City Administrator Ulrich clarified that this was done at the County’s expense and this is not part 37 of the city’s administrative fees. 38 39 Mayor Marty noted that the AUAR did not look into the internal Mounds View traffic issues and 40 it states that this was covered in the AUAR. He noted that the numbers appear to have changed 41 again in the staff report noting that it shows 3300 employees and it was his understanding that it 42 was 3200 employees. He noted that the resolution was also changed to reflect 3300 employees 43 and expressed concerns stating that he thought this would have been confirmed by now. He 44 asked what are the plans and the scope for the County Road J reconstruction that Council is 45