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Home My WebLink About11-13-1995 EDAiIR� _ f M(�j.)I�TL�S VZE�IV :��ON4�l�IC: �T;?�1��,t7�'It/.��;�1� i�TC)�/�,1�ia1�Ff�._ �:�, 199� TIl�/��: IT`/iI�L771�.'� �;,�,°� 1��;I��I1�IG'CC)L7NC _ _ __ _ _ _ ___ . ___ __ _ _ _ __ _ )�t� ;��T�IC� 1��J. 19 ' 1. CALL TO ORDER 2. ROLL CALL - President Linke 3. APPROVAL OF AGENDA EDA ACTION: ATD Comments: 4. APPROVAL OF MIN[JTES: September 11, 1995 EDA ACTION: AT Comments: October 9, 1995 EDA ACTION: ATD Comments: Vice President Blanchard Secretary Trude Commissioner Quick Commissioner Hankner ?, -_ .. z.�.. � � � EDA PAGE TWO NOVEMBER 13, 1995 5. CONSENT AGENDA No items on consent agenda. 6. PUBLIC HEARING No public hearing scheduled for this meeting. 7. EDA BUSINESS �' A. Consideration of Resolution No. 95-EDA-35 Authorizulg the Economic Develop�ent Commission to Serve as Steering Committee for Mounds View's Participation in the Star City Program, Staff Report No. EDA-95-44C EDA ACTION: ATD Comments: B. Consideration of Resolution No. 95-EDA-36 Appointing Cindy Carlson to Economic Development Commission to Fill Vacancy, Staf�Report No. EDA-95-45C EDA ACTION: ATD Comments: C. Consideration of Resolution No. 95-EDA-37 Approving the Purchase of Welcome to Mounds View Banners, StaffReport No. EDA-95-46C EDA ACTION: ATD Comments: _ :µ : � I�� ..� � EDA PAGE THREE NOVEMBER 13, 1995 REPORTS: Re.�ort of EDA Board Members: 1. 2. 3. 4, 5. 0 Report of President Linke: Report of Vice President Blanchard: Report of Secretary Trude: Report of Commissioners: a. � Commissioner Quick: Commissioner Hankner: Report of Executive Director: Report of Treasurer: 1�10UNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY REQUEST FOR EDA CONSIDERATION ST�FF REPORT EDA Iv1EETING DATE N�„Pm�,Pr 13T�4�� EDA Actiou: [J Special Order o[ I3usiness Agenda Section: 7.A ❑ Pub(ic Hearings Report Number: EDA-95-44C � CORSCR[ Agencia Report Date: 11-9-95 �i LDA 13usincss [tcm Description: to Make Application for Star City Status Executive Directors Review/I2ecommendation: - N�� cortiments to supplement tliis report - Cuii�iu�uts a�ta�l�c:c1 Lsplanll[10[1/SIl[llI118CV (.�ttach su�>planenl sheets as ncce:.sarV) S Ui�Ib1ARY: The Economic Development Commission is in the process of updating the Mounds View Economic Development Plan per the worlc plan for 1995. As part of this process it has been recommended that the Ciry of Mounds View go through the process to become a Star Ciry. The Star City . Program is a four phase process. Mounds View has completed the majority of the phases' through the strategic planning of Focus 2000, the retention program and establishment of a marketing program. We would need to complete the revision of the economic development plan and produce a promotional video to complete the Application Process. The final requirement is to make a presentation to DTED representatives selling Mounds View to a mock up company. Becoming a Star City would provide the following benefits. � Star City Designation on State Signs. ♦ Internal and ongoing recognition that economic development is a priority. ♦ DTED representatives, when working with prospects, give out lists of Cities of which Star Cities are referenced. DTED promotes the benefits of being a Star Cit� and has dedication to Star Cities through annual reviews and assistance in economic development. ♦ Cities that have a sound marketing plan are much more prepared to deliver a professional presentation selling not only the Ciry but the State to new companies. The EDC made a motion to recommend to the EDA that the City apply to the State for Star City Status at their October 26, 1995 meeting. I have attached a resolution for your consideration which would be forwarded to DTED to begin the process. Cathy Be tt, Economic Development Coordinator REC01l�tiIE�1D,�TI O N: Waive the reading of Resolution No. 95-EDA-35 and approve/disapprove Mounds View's participation in the Star City Process. � RESOLUTION NO. 95-�DA-35 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING MOUNDS VIEW ECONOMIC DEVELOPMENT COMMISSION TO SERVE AS STEERING COMMITTEE FOR MOUNDS VIEW'S PARTICIPATION IN THE STAR CITY PROGRAM WHEREAS, the Mounds View Economic Development Commission ("Commission") was established to assist and advise the Economic Development Authority in matters relating to the economic development and redevelopment of the City; and WHEREAS, the Commission consists of three business representatives and four residents representing a broad scope of the community; and WHEREAS, the Economic Development Authority, whose members are the Council, appoint members to the Commission; and WHEREAS, the Minnesota Department of Trade and Economic Development (MnDTED) offers the Star City Program to help communities prepare and implement a strategic economic development plan and develop slcills for implementing that plan; and WHEREAS, the Star City Program requires cities to complete various components before becoming a Star City; and WHEREAS, MnDTED has staff to provide technical assistance to cities interested in achieving Star City status. NOW, THEREFORE, BE IT RESOLVED BY THE ECONONIIC DEVELOPMENT AUTHORITY OF THE CITY OF MOUNDS VIEW, MINNESOTA, as follows: 1. That the Executive Director of the Economic Development Authority be authorized to notify the Minnesota Department of Trade and Economic Development of the City's intent to participate in the Star City Program. 2. That the Mounds View Economic Development Commission be authorized to serve as the Star City steering committee. That the Mounds View Economic Development Commission provide quarterly reports to the Economic Development Authority regarding the progress in achieving Star City designation. _� _� - Approved by the Economic Development Authority of the City of Mounds Vie�v, Minnesota this day of of 1995. ATTEST EDA President (SEAL) EDA Executive Director _ _ _ � � , 1�TOUNI�S VIEVV ECflNOIYIIC D�VELOPMENT AUT�iORITX REQUEST FOR EDA CONSIDE�TION STAFF REPORT EDA MEETING DATE November 13, 1995 ED�i Ac:tion: ❑ Special Order of Busiuess ❑ Public Hearin�s ❑ Consent .<lgenda � GDf� 13usi��css ttem Dcscription: Carlson to Economic D Lsecutive Director's Review%Recommenda[ion: -�!o comments to supplcmecit tliis report - Cu►i�i»�iits attac(ic�l LX�J�I]llII[IOII/Sll[11111:1CV (allach supplemenl shec[s :1ti ilec:e:6;aN) 5 U�INW RY: Agenda Section: � • B Report Number:EDA-95-45C Report Date: 11-9-95 Commission To fill the vacancy for a business representative on the Economic Development Commission, attached is the application of Cindy Carlson, Vice President and Branch Manager of Western Bank. Ms. Carlson was recommended by Mark Malone, previous business representative on the EDC, to fill his vac�ncy. He felt that it was imperative to have the local bank continue its presence on the EDC. Mark terminated his position on the EDC, by request, in October of 1995. His term currently runs through December 31, t 996. It is required, per Chapter 408.06, subdivision 1 of the Mounds View Municipal Code, that the EDA President, with the approval of a majority of the Authority Board of Commissioners, appoint a new member for the unfulfilled portion of the term that has been vacated. I have prepared a resolution regarding the appointment of Cindy Carlson for your review. If approved, Ms Car[son will officially be an EDC member beginning December 1, 1995 through December 31, 1996. Cathy Benn t, Economic Development Coordinator RECOMi�i�ND,-�TIO N: Waive re2ding of Resolution No. 95-EDA-36 and approve/disapprove the appointment of Cindy Carlson to the Economic Development Commission _ ::�� _ � _.. �. _ _ : : � _ _ ____. _ __ __ - RESOLUTION 95-EDA-36 C1TY OF MOUNDS VIEW COIINTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPOINTING ECONOMIC DEVELOPMENT COMMISSION MEMBER TO FILL VACANCY WHEREAS, the Economic Development Commission acu as an advisory commission to the Economic Development Authority on matters that relate to fostering a positive economic climate, encouraging economic development, and enhancing the tax base of the City, and WHEREAS, the Economic Development Commission is composed of three business representatives and four residents, and WHEREAS, per Chapter 408.06, subdivision 1 of the Mounds View Municipal Code entitled Economic Development Commission, Termination of Appointment, requires the "Authority President, with approval of a majority of the Authority Board of Commissioners, shafl appoint a new member from app(ications received for the unfu(filled portion of a term that has been terminated", and WHEREAS, Mark Malone of Western Bank has given written notification to the Commission Chairperson of his intentions for termination prior to the expiration of his term dated December 31, 1996, and WHEREAS, Cindy Carlson of Western Bank has completed an application to fil[ the vacancy for a business representative on the Economic Development Commission. NOW, THEREFORE, BE IT RESOLVED that the Economic Development Authority of the City of Mounds View hereby appoints Cindy Carison of Western Bank to the Economic Development Commission, effective December 1, 1995, with term expiring December 31, 1996. . ATTEST: Adopted this 13th day of November, 1995. President (SEAL) Executive Director APPLICATION FOR ADVISORY GROUPS Group Applied For: Economic Development Commission Second Choice (if any): Full Name (print or type): Cynthi a Rowe Carl son ("Ci ndy" ) Address: 2215 Kenwood Crt Maplewood, MN 55117 Years at This Address: 5 Years You Have Lived in Mounds View: � (worked in MV since 1992) Telephone: Home: ��2-1080 Work or Other: 290-7867 QUALIFICATIONS YOU WANT TO HAVE THE COUNCIL CONSIDER Skills and Interests: Skills: Business lending, financial analysis, communication, strategic and critical thinking, negotiations, motivational Interests: economic and social vitality, encouraging volunteerism, Employment, Occupation or Other Experience: Western Bank - Mounds View Office. Vice President/Branch Manager Employed by Western as a commercial lender for 12 years. Vice President since 1989. At MV office since 1992 (initially PT, then FT in 1993) Memberships, Accomplishments or Other Qualifications: see attachment Please State your Reasons For Wanting To Serve On This Committee: see attachment Your response to any af the above may be continued on the bacfc and you may attach any other materials which you want the Council to consider. � � SignatureJ � � �-�{=� (� _%�� - Date 10/21/95 �. � The City of Mounds View is committed to the police that all persons shall have equal access to iis programs, facilities, and employment without regard to race, creed, color, sex, age, national origin, ar handicap. ATTACHNIENT TO APPLICATION FOR ADVISORY GRGliPS GROUP: ECONOMIC DEVELOPMENT COMMISSION APPLICANT: CYNTHIA R. CARLSON MEMBERSHIPS, ACCOMPLISHMENTS OR OTHER QUALIFICATIONS: * Community Leadership Academy, Lakewood Community College -participated and graduated from spring 1995 program * Northwest Youth & Family Services, Inc. -participated in the "local capital campaign" as a vo1_unteer fundraiser, 1994-1995 * The Oaks Networking Group, 1994-present * New Brighton Rotary, 1992-present -Director of Vocational Service 1994-present -Chairperson of Corporate Contributions/Prizes for the North Suburban DARE Bike-A-Thon, 1994-current, Vic2-Cnair'93 -facilitated a focus group meeting for the City of NB re: public safety strategic planning, August 1995 * New Brighton Area Chamber of Commerce, 1992-present -Chairperson, Membership Development Committee, 1995 -Vice-Chair Ambassadors Committee 1994 -Charitable Contributions Committee 1994-present -Education Committee 1993 * Neighborhood Development Alliance, Inc. (NeDA), 1939-present -a founding Board member of this non-profit real estate develop- ment organization that focuses efforts on the West Side of St. Paul (have notified the Board of my departure as of June 1996) -Treasurer 1989-1995 * St. Paul Police K-9 Foundation, Inc., 1994-present -a founding Board member of this non-profit that promotes positive police and community relations and provides financial support to the SPPK9 unit * Hmong American Partnership, 1992-I993 -mentor to Hmong college student * Junior Achievement, 1992 -"Business Consultant" (instructor) to a 6th grade class * St. Paul Mayor's Anti-Drug Task Force, 1988-1990 -appointed by Mayor Latimer and served as Co-Chair * St. Paul Jaycees, 1982-1986 Attachment, page 2 *Midway Civic & Commerce Association, 1985-1991 -Board member, 1986-1989 -Chair, Membership Committee *University Avenue Development Corporation, Inc., 1983-1985 -Board member, officer *Community Administrative Services, Inc., 1983-1991 -Board member, officer * Awarded Independent Bankers Association Presidential Citation for Community Involvement, 1989 REASONS FOR WANTING TO SERVE ON THIS COMMITTEE: Western Bank has a long history of promoting active community participation in the communities where our offices are located. Long before the Community Reinvestment Act (CRA) was adopted as a Federal regulation, Western has encouraged its employees to engage in meaningful local volunteerism. Because of this practice, and because I share these values, Western Bank has been an extreemly qood fit for me as a person. I want to serve on the Economic Development Commission because: 1. As a community banker that is committed to the mutual advantages of sound economic vitality, I have a desire to participate in this important commission. 2. As a seasoned lender I have diverse qualifications such as those sited in Chapter 408.03, with particular emphasis on finance and real estate. 3. City staff encouraged me to participate. ;j MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY R�QUEST FOR EDA CONSIDERATION C'i`.��F RFPC11?T EDA 1�tEETING DATE November 13, 1995 EDA Actiou: ❑ Special Order of Business Agenda Section: �. C ❑ I'ublic Hearings Report Numbcr:EDA-95-46�_ ❑ Consent Abenda Repor[ Date: 11-9-95 [� EDA Business item Description: Welcome to Mounds View Banners Executive Director's Review/Recommendation: - No comments to supplement this report - Comiuci�ts attac(iccl Explanatiou/Summary �auach suppicment sheets as necessary) S UN[NIARY: Per the discussions at several Council\EDA work sessions with regards to Welcome Banners in Mounds View, attached is a resolution approving the purchase of 20 banners to be placed in various locations around the City of Mounds View. The proposed locations include County Road 1, Edgewood, City Hall, The Bridges and possibly Long Lake Road and Silver Lake Road. Per the 1995\96 Mounds View Mar�Ceting Plan, which was approved by the EDA in April, the banners will be one of the first attempts ta help inform travelers that they are in the main area of the City of Mounds View. The banners will create visua( excitement with a contemporary, vibrant (ook. The banners will incorporate the pride, progress and partnership image statement and would be royal blue with a green tree design and white lettering, It is proposed to have the fire department and pubfic worlcs department jointly install the banners. The total cost is $2,860 and includes two color 30" x 80" standard banners with logo imprint and banner bracket sets, The funds will come out of account no. 100-4550-342 Marketing, Advertisements. Partial funding comes from a grant that was awarded to the City of Mounds View from Northern States Power. Cathy Bennett, Economic Development Coordinator REGONIMENDATION: Waive the reading of Resolution No. 95-EDA-37 and approve/disapprove the purchase of Mounds View Banners per the 1995/96 Marlceting Program RESOLUTION 95-EDA-37 CITY OF MOUNDS V[EW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING THE PURCHASE OF BANNERS PER THE 1995\96 MOUNDS VIEW MARKETING PLAN WHEREAS, the 1995\96 Mounds View Marketing Plan was approved by the Economic Development Authority(EDA) on April ] 0, 1995, and WHEREAS, installing banners in the City of Mounds View to inform travelers they are in the main area of the community was a recommendation from the 1995\96 Mounds View Marketing Plan, and WHEREAS, the Marketing Task Force worked several months to research companies and designs for the banners in Mounds View and have made several recommendations to the EDA, and WHEREAS, the banners will be royal blue with green tree design and white lettering to read "Mounds View - Pride, Progress ST Partnerships", and WHEREAS, the banners will be installed jointly by the Mounds View Public Worlcs Department and the Blaine\SLP\Mounds View Fire Department at [ocations on County Road I, Edgewood Drive, City Hall, Bridges Golf Course, Long Lake Road and Spring Lake Road, and WHEREAS, funds for tlie purchase of the banners will come from the existing marketing budget and a Northern States Power grant for community promotions. NOW, THEREFORE, BE IT RESOLVED that the Economic Development Authority of the City of Mounds View hereby approves the purchase of banners per the 1995\96 Mounds View Marketing Plan from Marketing Account No. ] 00-4550-342, Advertising. ATTEST: Adopted this 13th day of November, 1995. President (SEAL) Executive Director 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 2% 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 � � � �j� � � � .t ,� � �� '!. ..'� , �!�� . ��t �,I �� _:;' �:. ; I' PROCEEDINGS OF THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY Meeting No. 17 September 11, 1995 Mounds View City Hall 2401 Hwy, 10, Mounds View MN 55112 CALL TO ORDER The Economic Development Authority was called to order by President Linke on September 1 l, 1995 at 8:30 p.m. ROLL CALL MEMBERS PRESENT: President, Jerry Linlce; Vice President, Phyllis Blanchard; Secretary, Julie Trude; Commissioners Gary Quick and Sue Hankner; Executive Director, Samantha; and Economic Development Coor•dinator, Cathy Bennett. MEMBERS ABSENT: None OTHERS PRESENT: None APPROVAL OF AGENDA: MOTION/SECOND: Hankner/Trude to Approve EDA Agenda as Presented. VOTE: 5 ayes 0 nays Motion Carried APPROVAL OF MINUTES: MOTION/SECOND: Hankner/Trude to Approve the IVlinutes of the August 28, 1995 EDA Meeting. VOTE: 5 ayes 0 nays CONSENT AGENDA: Motion Carried There were no items placed on the Consent Agenda for this meeting. IZiI: �t�:l� =�:� V[f3.`�i There were no Public Hearings scheduled for this meeting. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 l9 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 EDA Meeting #17 September 11, 1995 Page 2 EDA BUSINESS: � � �` � � �� d �� d � � y � � I � ° 4 t...�: �;� 1� II -�," _- � i k� �)`'` � �I �! r . i �,, ' !-� , i .... � .. . � .. ,. �',.i . . . ' ' � . � A. Consideration of Resolution No. 95-EDA-31, Construction Plans for Bridges Leasing Company. Ms. Cathy Bennett, Economic Development Coordinator, explained that before the Commission was Resolution No. 95-EDA-31, approving the construction plans for the Midwest IV Project as required by the development agreement between the EDA and Bridges Leasing Co. Ms. Bennett stated the construction plans were submitted to the city building department on August 31, 1995. Mayor Linke asked if the Building Official indicated any problems that the council or staff should be concerned about. Ms. Bennett explained that the Building Official had sent a memo indicating that they had received all of the plans with the exception of the construction rec�uirements which they expect to receive. She noted that approval of the resolution is for the design plans and does not constitute approval of a Building Permit. However, the Building Official has not indicated any concerns to this point. Mr. Jim Winkles of Bel-Air Builders and Mr. I,arry Lindberg of Bridges Leasing Company were present to provide information in regard to the construction plans. Mr. Winkels stated the last item the Building Department was wainting for is the structural plans which should be done by Wednesday, September 13th. He presented the site plan of the building as well as the proposed landscaping plan to the commission for their review. Ms. Bennett asked if Mr. Winkles could provide the commission with a schematic design of the exterior so they would be able to see what the proposed building will look like. Mr. Winkel presented a copy of this plan for the commission's review. He noted that the exterior will be a combination of decorative block and glass. There will be window bands going all around the building. They would like to provide bands of decorative blocic with some different color variations. MOTION/SECOND: Quicic/Trude to approve Resolution No. 95-EDA-31, Approving the Construction Plans for Midwest I.V. Project. VOTE REPORTS: 5 ayes 0 nays Motion Carried -'--- i - � __' . . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 EDA Meeting #l7 �1 � .� � �� :� � � �, ;��.` �, .� I � September 11, 1995 , _ , , : rr ,, ,� „ i , � ; � . . _ _ Page 3 There were no Reports from EDA Members, Executive Director or staffthis evening. ADJOURNNIENT: There being no further business before this Authority, President Linke adjourned the meeting at 8:3 5 p. m. Respectfully submitted, Tamara D. Saeflce Recording Secretary City of Mounds View 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 ]7 18 19 20 21 22 23 24 25 26 27 28 29 30 3] 32 33 34 35 36 37 38 39 40 41 42 43 44 45 r , +�� ` � `�� ` r�� i � ��. � ; , � � � s i � s � � � i i % s b S PROCEEDINGS OF THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY Meeting No. 18 October 9, 1995 Mounds View City Hall 2401 Hwy. 10, Mounds View MN 55112 CALL TO ORDER The Economic Development Authority was called to order by President Linlce on October 9, 1995 at 7:40 p. m. ROLL CALL MEMBERS PRESENT: President, Jerry Linke; Secretary, Julie Trude; Commissioners Gary Quick and Sue Hanlcner; Executive Director, Samantha; and Economic Development Coordinator, Cathy Bennett. MEMBERS ABSENT: Vice President Blanchard OTHERS PRESENT: None APPROVAL OF AGENDA: MOTION/SECOND: Trude/Quick to Approve EDA Agenda as Presented. VOTE: 4 ayes 0 nays APPROVAL OF MINUTES: There were no minutes for approval at this meeting. CONSENT AGENDA: Motion Carried There were no items placed on the Consent Agenda for this meeting. PUBLIC HEARINGS: There were no Public Hearings scheduled for this meeting. EDA BUSINESS: � I 2 3 4 5 6 7 8 9 10 11 12 13 14 IS 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 EDA Meeting #18 October 9, 1995 Page 2 �� _� ,��,,�� '� � �, ,�� Tt � i� � �� E ,. :j �1:� ,�i ,�� _ �i' �'_-_ �-_ A. Consideration of Resolution No. 95-EDA-32 Approvin� a Business Improvement Partnership Loan for Forcia, Inc. Cathy Bennett, Economic Development Coordinator, explained that this item is for a low- interest loan for Forcia, Inc., which is the owner of Mister ponuts on Highway 10. They are interested in providing interior and exterior improvements to their building. They requested the maximum loan amount of $50,000. Mr. Donuts is currently open 24 hours and serves donuts and pastries. Forcia, Inc., is proposing to expand the product line to include soups, subs, sandwiches, bagels, ice cream and cakes and flavored coffees as a direct result of their expansion. The store name will be changed to Donut Connection. Ms. Bennett stated approval of this loan meets the goals of the program, it benefits the entire community of Mounds View and it improves the aesthetics of the commercial sector and it will add jobs and increase the tax base. The Economic Development Commission has reviewed the package in detail and they have made a recommendation to approve the application. Ms. Trude noted that the money to pay these loans will be handled by the bank. The bank will receive the payments and then forward them to the city. Ms. Bennett stated the loan is a matching loan, with $25,000 coming from the City of Mounds View using excess Tax Increment dollars at 2% interest and the other half comes from a conventional bank loan which will be at 11-1/4% interest. This loan is being done with Western Bank. Ms. Bennett stated she believes this is the first loan where one will see significant changes in a property. MOTION/SECOND: Quicic/Trude to approve Resolution No. 95-EDA-32, Approving a Business Improvement Loan for Forcia, Inc. VOTE: 4 ayes 0 nays Motion Carried B Consideration of Resolution No. 95-EDA-33, Approvin� Expenditure for an Appraisal of Vacant Land on Highway 10. Ms. Bennett explained that approval of this resolution allows for the expenditure of tax increment funds for an appraisal of vacant lots on Highway 10. The lots are directly west of 2526 Highway 10, of which the City is nebotiating a purchase agreement and East of Pleasant Wood Apartments. The potential purchase of the property will expand the redevelopment opportunity packaged with the corner lot at 2625 Highway 10 and it will fit within the goals for economic development ;and redevelopment. � � 1 2 3 4 5 6 7 8 9 10 ll 12 13 14 15 16 17 18 l9 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 EDA Meeting # 18 October 9, 1995 Page 3 {��` � � � � � �� ! {``�!:`'4� � � ��1 `4� ; . � `, ', iJ !'. 1 ..� F _. ._'� i'.�l I� � .i ..-_ Ms. Bennett explained that an appraisal would allow the City to negotiate with the Realtor representing the property in a fair and equitable manner for all parties concerned. It is estimated that the appraisal will not exceed $500. Use of tax increment funds for an appraisal is allowed as it meets the objectives of the EDA's tax increment program to promote development and redevelopment of certain land within the City of Mounds View. MOTION/SECOND: Quick/Hanlcner to approve Resolution No. 95-EDA-33, Approving Expenditure for an Appraisal of Vacant Land on Highway 10. VOTE: 4 ayes 0 nays Motion Carried C. Consideration Authorizin� Staff to Pursue and Re�ulate a Purchase A�;reement for 2625 Hi�hwav 10. Cathy Bennett explained that this is a project the city staff has been working on for some time. The resolution approves and authorizes the acquisition of a property for redevelopment purposes and the execution of a purchase agr•eement for that purchase. Ms. Bennett stated she has consulted with the City Attorney, Jim Thomson, to prepare the purchase agreement for the EDA. She noted that there are two options to loolc at. These include: 1. Approve the resolution as presented which would allow the staffto execute the purchase agreement; or 2. Authorize staff to pursue and negotiate the purchase agreement by making a motion in the minutes and the staff can come back for final approval of the resolution upon final signature and negotiation by the seller. Ms. Bennett stated either of these options allows the staff to pursue the purchase agreement with the seller at a verbal agreed price of $125,000, but option #1 will allow the city to negotiate and not come bacic for final approval. The resolution states that it would be a purchase price of $125,000, however, Ms. Bennett stated she would recommend amending it to add another 3% ofthe $125,000 for closing costs and for studies that will be done on the pi-operty to make sure that there are no environmental concerns that the city could have liability for. MOTION/SECOND; Quicic/Hanlcner to approve Option #l, with the amendment to include an �dditional 3% of the purchase price for closing costs and environmental studies. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 EDA Meeting #18 October 9, 1995 Page 4 �� ' � , � �; ��p � �.� ,i ,� �x , , ,, ,, ;� ;� , I�� ' � ��--�, ,`I � II �i, :I � �� ;'� ._ , . ' , . _ _ , _ _ ' � , : � � �'- Ms. Bennett stated the resolution will be numbered 95-EDA-34. Ms. Bennett explained that the intent of purchasing the property is to begin the redevelopment of Highway 10. The city envisions that property to be rezoned for commercial use and possibly have a low use commercial use (of�ice building) which would not hinder the residents in that area. This property would then be pacicaged with the vacant lots which the city will be obtaining an appraisal on. Once the purchase agreement for the property has been negotiated, the city will likely go out for a request for qualifications to several developers in the metro area and come back with some options for the site. VOTE: REPORTS: 4 ayes 0 nays Motion Carried 1. Re�ort of President Linlce: none 2. Re ort of Vice President Blanchard: absent 3. Report of Secretarv Trude: none 4. Report of Commissioners: a. Commissioner Quick: none b. Commissioner Hankner: none S. Report of Executive Director: Ms. Orduno stated the city's purchase of this property will not deter in any way the city's ability to create a redevelopment tax increment district, and this will likely be put into the redevelopment district. Therefore, it will not penalize the city in any way. ADJOURNMENT: President Linlce adjourned the October 9, 1995 meeting of the Mounds View Economic Development Authority at 7:50 p.m. Respectfully submitted, Tamara D. Saefke Recording Secretary �� -.� � 3 0 U U) � � O N U� O N � pr Ll, N � � -� +� � �� -ri � � xw � •� ro� �, �' � � U � 'LS � � U '� �� U1 '� N � � H � . r-i � a � '� N � N O � •r-I 't3 � a1 rt �� a� om a� o �' � O �� z�� A H � a� � � . ,� a� � +� � •� � o � �' N o '� � � � N � '`� L1� �� O � b � b � -r�-I � U � � � � � � N � a� � . � °� � N � N � O .� (n W � "i � � � U � N � O � rt ••-� 'L3 � � ��n, --, � .� � o +� a� >, r� �a�� ro s� -�+ v � � � a� a 3 ..c� � � w � H � w x U � a ai � � ❑ \ � � � � � � z � � � f0 � N U � � `�w' VV V tr � .,� � � � O a1 •r-I � � � 3-I �1 c� [q � � � � � a) O a 3 I �