Resolution 05-EDA199 - Laserfiche WebLink

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Mounds View EDA January 14, 2005 Special Meeting Page 5 is going into this negotiation regarding the billboard costs. He stated that this will be a good investment for going into negotiations, and it will help to protect the City. President Marty stated that they had been told how much they would get for the land from Medtronic, but they don't know the cost of getting out of the billboard,lease or removing the billboards, so until they have that piece of information, they don't really know what it's going to cost the City. Vice President Stigney stated that it's geared toward trying to respond to Medtronic, but he could see further benefit to it if there were negotiations with others in the future. President Marty asked if Commissioner Gunn had commented on this. Economic Development Director Backman stated that she was aware of the meeting, but he hadn't received any comment from her. Commissioner Flaherty stated that this project is a big opportunity for the City of Mounds View, and he understands the need for expenditures, but he wanted to get across that the Commission and Council are going to be asking these questions. Economic Development Director Backman stated that during his discussions with three other developers the signs had been mentioned, so they would need to revisit this issue if this project didn't go through, so he viewed this appraisal as an investment. President Marty stated that the reason they brought the billboards in is because the golf course wouldn't bring anything in until 2017. He stated he was not a fan of billboards, but they had to figure out a way to pay off the golf course without saddling the citizens. He asked if it would be appropriate to amend the Resolution to reflect a cost not to exceed $15,000 in case there were any extra last minute costs. Economic Development Director Backman stated that that would be fair. President Marty stated he would like it to be communicated to Medtronic that they had amended the resolution and expended more city funds in order to speed up the timeframe. Economic Development Director Backman stated he would communicate that both verbally and in writing. MOTION/SECOND. Stigney/Flaherty. To adopt Resolution OS-EDA-199, Authorizing Staff to Arrange for an Appraisal of the Outdoor Signs as part of the Bridges Redevelopment Project, at a cost not to exceed $15,000.