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07-11-2005
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1/29/2025 9:07:03 AM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Minutes
MEETINGDATE
7/11/2005
Commission Doc Number (Ord & Res)
0
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Date
7/11/2005
EDA Document Type
Council Minutes
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Mounds View EDA July 11, 2005 <br />Regular Meeting Page 6 <br /> <br />this process again in the future. He asked if SYSCO has a long-range plan that indicates further <br />expansion in the future. <br /> <br />Mr. Seipp explained that based on the constraints they have they would probably have to push <br />the stormwater retention pond further south if they were to try to add additional spaces. He <br />indicated that they do have relief coming in approximately five to seven years noting that they <br />would be serviced out of a re-distribution center located somewhere in the Midwest area. He <br />explained that this would change their business dramatically noting that the product stored at <br />their facility would be decreased and the process would totally revolutionize the way they do <br />their business. He stated that it would also help to alleviate some of the trucking problems they <br />are currently experiencing. He stated that SYSCO believes that the three acres would be <br />adequate. <br /> <br />B. Discussion and Potential Recommendation regarding Assistance for <br />Business/Parking Expansion for SYSCO Minnesota. <br /> <br />President Marty stated that he does not have a problem authorizing $235,000. He asked if the <br />expenses to transfer the land would be passed on to SYSCO. <br /> <br />City Attorney Riggs stated that typically this is what is done in any type of development <br />situation. <br /> <br />Mr. Seipp assured the Commission that this is acceptable to SYSCO. <br /> <br />Commissioner Gunn noted that costs go up and clarified that the $250,000 requested is probably <br />to ensure that all expenses for the project are covered. <br /> <br />Commissioner Thomas suggested placing a cap on the costs at $250,000 and asked if it would be <br />possible to invoice the actual costs as they go through the process. <br /> <br />Economic Development Coordinator Backman stated that when the City did the Highway 10 <br />Business Center the City did bill actual costs when they did the demolition. <br /> <br />Vice President Stigney stated that he would like to see a TIF Assessment or evaluation sheet for <br />this project before they move forward. He stated that if they do grant any money for this project <br />it should also be tied to the number of new employees it would bring in versus the projected 100 <br />employees over five years. He stated that reimbursement should be based on the actual number <br />of new employees. He stated that SYSCO should be willing to pay for half of it and be thankful <br />they got $125,000 out of the City. <br /> <br />Barbara Haake, County Road I, asked how much money is actually in the TIF Fund. <br />
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