08-22-2005 - Laserfiche WebLink

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Mounds View EDA July 11, 2005 Regular Meeting Page 2 A. Presentation by Phil Seipp, President/CEO and Scott McGuire, CFO of 45 SYSCO Minnesota regarding the company’s TIF Request to facilitate 46 expansion of the company’s Mounds View parking 47 48 Phil Seipp, President/CEO, stated that the original building was built in 1989 and that since that 49 time they have had two expansions of the warehouse. He stated that when they built the building 50 they donated 47-acres to the City to be used as part of the park lands within the City. He stated 51 they currently employee 629 individuals noting that his challenge is to grow the business, add 52 jobs and strengthen their customer base. He indicated that their biggest obstacle right now is 53 parking noting that they have adequate employee parking for the day in/day out business, they 54 run into problems when they have large events such as sales training. He stated that during those 55 periods of time they park in driveway areas and fire lanes. He stated the other times where they 56 have constraints is when their large customers come in to do training and hold large meetings. 57 He stated that they have also run out of truck spots, which creates a real impediment when trying 58 to move trucks around, load them and move them out for the day. He explained the proposal 59 stating that the project would involve moving the service drive to the east and adding employee 60 parking along the east side of the building. He stated that these spots would be for overflow 61 parking. He stated that they plan to relocate the water retention pond to the south and create 53 62 additional truck parking spots along the south side of the building on both sides of the entry 63 drive. He stated that they expect to add approximately 100 jobs over the next five years and 64 would span across all three shifts. He indicated that some of the positions would be sales 65 positions where the individuals would work out of their homes. 66 67 Commissioner Thomas asked how many additional trucks would be brought in and out over the 68 next five years. 69 70 Mr. Seipp stated that they would probably hire approximately 30 new drivers, which would add 71 30 trucks. 72 73 Mr. Seipp noted that there is approximately three acres of land that had been previously donated 74 to the city that borders the property line to the east and south that they are asking the city to give 75 back. He stated that they are also asking for tax increment financing because this project could 76 potentially create considerable additional expenses when they begin to consider the stormwater 77 retention issues and square footage requirements. He indicated that this project would probably 78 exceed what they would normally expect for the additional square footage in the parking area and 79 reviewed with the Commission. 80 81 Commissioner Thomas asked if they are actually asking for tax increment financing or the ability 82 to utilize the TIF funds. She stated that the Commission is not looking to create another TIF 83 District. 84 85 Mr. Seipp clarified that they are asking for funds from the current TIF account. 86