12-12-2005 - Laserfiche WebLink

Home Browse Search

Mounds View EDA July 25, 2005 Regular Meeting Page 7 spot with SYSCO, it is what they are doing with the $1 million. 254 255 President Marty stated that SYSCO does have a need and they are showing the need at this time. 256 257 Economic Development Coordinator Backman stated that he has two observations, one, in terms 258 of the trees, what they are talking about would impact less than 5-percent of the area that is out 259 there with the former SYSCO property adding that it is not his belief that there would be a huge 260 impact on the Cottonwoods and other trees on the property; secondly, in terms of the process 261 here, the applicant has presented a good project and they are facing a situation where they do 262 need to expand this year or the project would move elsewhere. He encouraged EDA to consider 263 this project at this time. 264 265 Commissioner Thomas stated that she has questions about what the City is planning to do with 266 TIF noting that she is not comfortable with continuing the pay as you go for TIF District 3 when 267 it is an option that they could begin discussions for closing the district next year. She asked if 268 they have to decide if it comes from the pool funds or the TIF District 3 funds by the August 8th 269 hearing or can they say they are comfortable with the number and sort out what they have from 270 the TIF or whether it comes from the pool or TIF District 3 at some point following that meeting. 271 272 Director Ericson stated that it has been recommended that they do not utilize the TIF pool for this 273 and that it has been recommended by the City’s Financial Advisors that the City should do a pay 274 as you go note if the City does offer financial assistance. He explained that providing a $250,000 275 lump sum, upfront payment, sets a pretty precedent in terms of future requests. 276 277 Economic Development Coordinator Backman stated that if this were set as a pay as you go over 278 a three-year period the EDA would have the ability to de-certify this district in 2008. 279 280 Commissioner Flaherty stated that he is all in favor of having a meeting with the Authority and 281 asked SYSCO to be patient with the Authority. He stated that the Authority understands that 282 SYSCO does have a need and asked them to allow the Authority, as a body, to take a week to get 283 their information together to see where they are at with the districts. He stated that they want to 284 do what is right for SYSCO and the citizens of Mounds View. 285 286 President Marty clarified that it would not be a week or two that it would be over a month and is 287 a construction issue. 288 289 Commissioner Flaherty acknowledged noting that they are looking at November completion. 290 291 Economic Development Coordinator Backman stated that they have had discussions with Shelly 292 at Ehlers and given their schedule the soonest timeframe they could get the information would be 293 in the August/September timeframe referenced by Director Ericson. 294 295