08-22-2005 - Laserfiche WebLink

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Mounds View EDA July 11, 2005 Regular Meeting Page 6 213 Mr. Seipp explained that based on the constraints they have they would probably have to push 214 the stormwater retention pond further south if they were to try to add additional spaces. He 215 indicated that they do have relief coming in approximately five to seven years noting that they 216 would be serviced out of a re-distribution center located somewhere in the Midwest area. He 217 explained that this would change their business dramatically noting that the product stored at 218 their facility would be decreased and the process would totally revolutionize the way they do 219 their business. He stated that it would also help to alleviate some of the trucking problems they 220 are currently experiencing. He stated that SYSCO believes that the three acres would be 221 adequate. 222 223 B. Discussion and Potential Recommendation regarding Assistance for 224 Business/Parking Expansion for SYSCO Minnesota. 225 226 President Marty stated that he does not have a problem authorizing $235,000. He asked if the 227 expenses to transfer the land would be passed on to SYSCO. 228 229 City Attorney Riggs stated that typically this is what is done in any type of development 230 situation. 231 232 Mr. Seipp assured the Commission that this is acceptable to SYSCO. 233 234 Commissioner Gunn noted that costs go up and clarified that the $250,000 requested is probably 235 to ensure that all expenses for the project are covered. 236 237 Commissioner Thomas suggested placing a cap on the costs at $250,000 and asked if it would be 238 possible to invoice the actual costs as they go through the process. 239 240 Economic Development Coordinator Backman stated that when the City did the Highway 10 241 Business Center the City did bill actual costs when they did the demolition. 242 243 Vice President Stigney stated that he would like to see a TIF Assessment or evaluation sheet for 244 this project before they move forward. He stated that if they do grant any money for this project 245 it should also be tied to the number of new employees it would bring in versus the projected 100 246 employees over five years. He stated that reimbursement should be based on the actual number 247 of new employees. He stated that SYSCO should be willing to pay for half of it and be thankful 248 they got $125,000 out of the City. 249 250 Barbara Haake, County Road I, asked how much money is actually in the TIF Fund. 251 252 Vice President Stigney clarified that it has not been established yet as to whether the funds would 253 come from the TIF District 3 or the pooled funds. 254