01-09-2023 EDA - Laserfiche WebLink

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Mounds View EDA November 28, 2022 Regular Meeting Page 2 1 Drive. She presented the EDA with a petition against the road redesign that was being considered 2 and requested the planned project be limited to the repair of the existing road. She reported those 3 members of the public that had signed the petition opposed the proposed multi -use trail. 4 5 Mayor Mueller asked that Ms. Tate bring her request forward at the City Council meeting under 6 the Public Comment portion of the meeting. 7 8 6. EDA BUSINESS 9 10 A. EDA Resolution 22-EDA-361, Appointing Members to the Economic 11 Development Commission. 12 13 Assistant City Administrator Beeman requested the EDA appoint members to the Economic 14 Development Commission. He reviewed the proposed appointments and recommended approval. 15 16 MOTION/SECOND: Meehlhause/Hull. To Waive the Reading and Adopt Resolution 22-EDA- 17 361, Appointing Members to the Economic Development Commission. 18 19 Commissioner Meehlhause thanked Dan Larson for his years of service on the Economic 20 Development Commission. 21 22 Commissioner Hull thanked Andrina Moe for coming forward to serve on the EDC. 23 24 Ayes — 5 Nays — 0 Motion carried. 25 26 B. EDA Resolution 22-EDA-362, Approving a Preliminary Development 27 Agreement with Reuter Walton Development, LLC by the Mounds View 28 Economic Development Authority. 29 30 Assistant City Administrator Beeman requested the EDA approve a Preliminary Development 31 Agreement with Reuter Walton Development, LLC by the Mounds View Economic Development 32 Authority. He commented on the history of this project and explained Reuter Walton was 33 proposing to construct a $46 million 140-unit apartment building. He reported the Planning 34 Commission reviewed this meeting at their last meeting recommended approval of the preliminary 35 plat. Since that time, staff has been working with the applicant on a Preliminary Development 36 Agreement. Staff commented further on the Preliminary Development Agreement, noting the 37 amount of money the City would receive in park dedication funds and recommended approval. 38 39 President Mueller reported there would be two phases to this project. She noted Phase I would 40 include the 140-unit apartment complex that would be constructed in 2023. She asked if the figures 41 reviewed by staff included fees for both Phase I and Phase 11. Assistant City Administrator Beeman 42 explained the figures were for Phase I alone. 43 44 President Mueller inquired when the details of the development would be further reviewed by the