Minutes - 2005/08/22 - Laserfiche WebLink

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Mounds View City Council August 22, 2005 Regular Meeting Page 23 • Mr. Inman stated this plan says when this obligation is exhausted there will be additional increments that will have to be returned. There is nothing in the plan that requires Phases 2 and 3 and there would have to be another process. Councilmember Thomas stated the limit on Phase 1 is the cap, irregardless of future Councils approving another TIF Districts anywhere else in the City. Mr. McCarty stated it is in the contract that when Phases 2 and 3 are ready to go, business subsidies will be revisited. The contract sunsets at completion of Phase 1 and, at the same time, there is a proviso in the contract that references future business subsidies in Phases 2 and 3. He stated he understands what Councilmember Thomas is saying, that the Council can say "no" to that, but asked if they would say no since it is not the end to it but the beginning. Stan Meyer, 2812 Sherwood, stated this is just the basic concept and not a legally binding document. Councilmember Thomas stated that is correct. Mr. Meyer stated anything on the plan can be changed and this is just a "pipe dream." He stated that it has gone back and forth that Medtronic could keep the golf course for themselves. Councilmember Thomas stated the golf course is written out of the contract. . Mr. Meyer asked who disposes of the greens, noting they are valuable. City Attorney Riggs stated the City has control of the assets and has a year to deal with the assets from the signing of the contract. Mr. Meyer stated he thinks the greens are very valuable. City Attorney Riggs stated if the value is over $50,000 the City would have to accept bids. Ms. Haake asked City Attorney Riggs if the contract is such that there is absolutely no chance for a golf course. She noted the location of Phase 1 buildings and stated there is nothing to preclude Medtronic from moving the location of the buildings and parking, and coming back to the City to keep the golf course. She stated it is their property and there is no guarantee in the contract that they will even do Phases 2 and 3. She asked City Attorney Riggs if Medtronic could keep the golf course. City Attorney Riggs stated the development property has been def ned as depicted and it is defined as the development of Phase 1. Any changes for Phase 2 or 3 would have to come into play and a definitional change made to allow that. Right now it does not say "and a golf course," it says an 820,000 square foot development with office with accessory uses. Ms. Haake stated this is just a concept plan and they could still relocate Phase 1 and legally keep the golf course if they wanted. City Attorney Riggs answered no, that could not happen as the • contract is currently written. He suggested that Medtronic be asked that question and noted a restrictive covenant could be included if that's the concern.