Laserfiche WebLink
Mounds View Planning Commission October 5, 2005 <br />Regular Meeting Page 6 <br />_____________________________________________________________________________ <br /> <br />Commissioner Zwirn asked if the City is in financial trouble. He also asked if Council was <br />intimately involved in negotiating with Medtronic. Director Ericson replied the City is not in <br />financial trouble and the Council was intimately involved in the process. <br /> <br />Commissioner Zwirn stated he is shocked by the poor position Staff and the Council and legal <br />representatives have put the taxpayers. He noted he has the right and responsibility to question <br />all aspects of this project. He stated he has several unresolved questions pertaining to the <br />purchase agreement. <br /> <br />Commissioner Zwirn referenced the purchase agreement, page 16, subd. 2, stating phase 1 will <br />be developed with TIF money, and phases 2 and 3 will not be started until there are TIF districts <br />set up and TIF dollars have been allocated. He added on page 8, subd. F, it states using TIF is <br />essential under the agreement, which again states no phase 2 or 3 unless the City and governing <br />authorities provide TIF. Director Ericson replied there is nothing to prevent Medtronic from <br />starting phase 2 or 3 with or without TIF dollars and they have the ability to approach Council <br />with this request. <br /> <br />Commissioner Zwirn referenced the purchase agreement, page 17, subd. 3, stating if the <br />developer desires they can make changes in construction plans, submit them for City approval, <br />and they shall be deemed approved unless rejected. He added the onus is on the City to respond <br />within 15 days; otherwise they are construed to be approved. <br /> <br />Commissioner Zwirn referenced the purchase agreement stating there are missing definitions in <br />Sections E and H. He added on page 19, first paragraph, reimbursement of funds if the <br />developer fails to meet obligations for phases 2 and 3 are not specifically outlined. He noted on <br />page 20, TIF funds would be used for the acquisition of property in Blaine, and stated he thought <br />this was not supposed to be available. Director Ericson replied according to the agreement, <br />expenses incurred in Mounds View would be reimbursed first, before any reimbursements would <br />be provided for expenses in Blaine. <br /> <br />Commissioner Zwirn referenced the purchase agreement, page 21, paragraph F, stating the <br />developer understands they will repay the City for qualified costs and any others should stand <br />alone. He asked about the 25-year TIF plan. Director Ericson replied if the developer requests <br />additional financial services a new development agreement is necessary. He added he cannot <br />address the 25-year TIF plan. <br /> <br />Commissioner Zwirn referenced the purchase agreement, page 23, section C, stating the goals for <br />the City are to maintain minimum improvements for at least five years. Director Ericson replied <br />this may be a legal requirement and is not part of the issue the Commission is addressing tonight. <br /> <br />Commissioner Zwirn referenced the purchase agreement, page 29, paragraph A, stating prior to <br />the certificate of completion the developer needs to perform obligations to minimum <br />improvements under the agreement. He asked if this says once phases 1, 2, and 3 are completed, <br />if the developer chooses they have the right to sublease the development of property as long as <br />they maintain ownership. Director Ericson replied he is unsure without taking a moment to <br />review the agreement.