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EDC Minutes November 17, 2006 Not Approved Page 2 • 6. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Report of Commissioners. Helgemoe attended an awards event of the Roseville Convention & Visitors Bureau, an organization that is a member of the TCN Chamber. He also mentioned the Chamber's upcoming Gala. Johnson noted that there will be a street improvement public meeting to discuss the proposed 2007 project at the M.V. Community Center on November 21st. There is a related report on the City's website. B. Report of Staff: 1. Update on Medtronic CRM Corporate Campus: Backman distributed the latest photographs of the campus construction. They show the three buildings that are being enclosed for the winter. The Topping Out ceremony for the South Building occurred on September 25,2006. To date, about $1.62 million in permit fees have been paid to the City for the Medtronic project. Of that amount, approximately $700,000 was paid to the Met Council for the SAC fee. The valuation of the building permits issued or applied for to date for the Medtronic CRDM campus totals nearly $164,000,000. Backman also discussed the County Road J road reconstruction project. The old bridge was taken down at the end of September. The photos show the new bridge abutments being built. The north off ramp from 35W recently was opened. Field inquired about the used of the permit fees. Excluding SAC/WAC fees, the City has been using those funds for plan review fees (professional services contract), a new pickup truck for the building inspectors, other equipment, and a temporary building inspector for two to three years. • 2. Legislative Activity—Appropriation for Noise Wall Extension along State Hwy 10 in Mounds View and for I-35W Design Concept Study: This project is a priority for the city council. During March 2006 the City of Mounds View sought approval from the Minnesota legislature for an appropriation to extend the noise wall along the south side of State Hwy 10 from about Long Lake Road eastward beyond the Laport Meadows residential neighborhood. While MnDOT has $300,000 programmed for this, the project is estimated to cost more than $800,000. There is an opportunity to direct funds associated with the Medtronic project to items benefiting this area—the noise wall extension and the I-35W design concept study. Last session our legislative efforts started late (due to the focus on accelerating Phase 2 of the Medtronic campus). This time we are starting earlier. Backman talked with our local representatives yesterday. He will meet with Sen. Betzold and Rep. Tiliberry next week to discuss the legislative process. 3. Update on SYSCO Minnesota Parking Expansion: Backman was pleased to report that after one and a half years of effort,the SYSCO parking lot expansion project is largely completed. He showed the EDA members recent photos of the construction. The project entails the construction of 50 stalls truck trailers, 100 parking spots for cars, a new gate-controlled entrance, and a relocated stormwater pond. The stormwater pond was moved to the south and east to allow for the additional trailer parking south of Sysco's distribution facility in Mounds View. The total project cost is approx. $1.2 million. As the EDC is aware, the City approved $250,000 in TIF assistance for the project with a two-year payback. 4. Status of former Premium Stop Site/ DSU Study: The EDA approved on June 26, 2006 the purchase of the deteriorated Premium Stop gas station and convenience store at 2390 • County Road 10. The gas station facilities were demolished during the second week of September, the ground leveled and seeded. The site is basically ready for developers. On September 11' the City Council approved hiring DSU to undertake planning services at a cost of up to $14,000. The purpose was to provide a market overview of the property (and