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Home My WebLink About05-23-1994 EDA WS�o��r or� O��1D� �� VU "Quite Simply the Best" President Jerry Linl<e Phone: (612) 784-3055 Fax: (612) 784-3462 E ��]0�� ]�� /L�� IC� "��1�C�J� �i A ��1�M0�n�� U � Vice President Phyllis Blanchard EDA WORK SESSION MAY 23, 1994 6:00 P.M. AGENDA Secretarv Diane Wuori l. Discussion of Resolution No's 94-EDA4 and 94- Board Members EDAS Approving and Authorizing the Execution )ulie Trude of Development Assistance Agreements with Gary Quicl< Everest for: Executive Directorl Assistant Treasurer Samantha Orduno Treasurer Don Brager Economic Dev. Coordinator Cathy Bennett Clerk Michele Severson A. C.G. Hill B. Multi-Tech 2. Discussion Regarding Development Agreement with MSP/Westminster for Silver Lake Point Housing Project. 3. Discussion of Resolution No. EDC-6, Authorizing and Approving a Certain Agreement Between the EDA and Everest Group. 4. Discussion of Draft City Code, Chapter 408, Entitled, "Economic Development Commission" (EDC), and Potential EDC Candidates. 5. Discussion of Wolf & Associates Proposal for Expansion. 6. Discussion of Legislation Concerning the North Metro Business Retention and Development Commission. � PHINTED NfITN ��.\ ) SOYINK M 2401 Highway 10 <� Mounds View, MN 551 1 2-1 499 P recycied papei :. I ' "__ ' v.,.- : _- ..- ' " _ . - _�- _ ' �_ -'_'_'. 1 ��__.�. . . Z -. . . m-. �""-.:_�:�...�..�-.=.J��:. . . .. . �_. . . ..._ . ' � �._ ` _'_�'� _ �... '_` _' _ .. -" __ ..__ _,_" ' � MOUNDS VTEW ECONOMIC DEVELOPMENT AUTHORITY REQUEST FOR EDA CONSIDERATIOI`1 STAFF REPORT �DA M�LTING DA`I� May 23, 1994 EDA Action: ❑ Special Order of Business Agenda Section: 1• ❑ Public Hearings Report Nuniber: EDA-94-1W5 ❑ Consent Agencla Rcpurt Datc: 5-19-94 ❑ CDi� Busiucss [teni llcscription: Discussion of Resolution No's 94-EDA4 and 94-EDAS Approving and Authorizing the Execution of Development Assistance Agreements with Evere for A. C.G. Hill �nd B. Multi-Tech Executive Director's Rev�ew/Recommendat�on: - No comments to supplement ttiis report - �VIl1Il1C11[S 1U:1Cf1t;(1 CX(J�llRF1IWIlfSLLilllllllry (:�(tach iupplemenl shecls :u nea;ssary) S IIMNG\RY: In order to reduce the number of copies to be printed for the two EDA meetings on Monday, the draft agreements for the Multi-Tech and Hill project are included in the EDA regular meeting agenda. The Agreements remain substantially as they were presented at the last EDA Work Session with the exception of a payback period of 7 1/2 years (rather than 6 years) for the Hill project. Jim O'Meara will be present at Monday night's meeting to present the specifics of the final drafts. The appraiser will have the appraised values for both the Multi- Tech and Hill site to the staff by Monday. Staff will then present three scenarios regarding the base point from which to determine park dedication fees: (1) the County Assessor's value (2) the negotiated price between Multi-Tech/Hill and Everest (we have not received the purchase agreements on these transactions, but will be obtaining that information); and (3) the value establis� by the apprais �. Ordund, Executive Direc�or RECO�Ii�1E�lD�.TION: _ , ___� --�- —�— --,�— —�— �— THE EVEREST GROUP LTD May 10, 1994 Samantha Orduno City of Mounds View 2401 Highway 10 Mounds View, MN 55112 Ree Multi-Tech Expansion Park Dedication Dear Samantha: Apparently, Mayor Linke, and perhaps others on the Council, are under the impression that the current Assessor's Market Value of the Waste property is only $0.75/sq. fta This is incorrecte Attached are copies of the 1994 tax statements and the 1994/pay 1995 value statements for the two tax parcels which make up the Waste property. You will note that the aggregate Assessor's Mar]cet Value for the two parcels is $760,900, or $1.51/sq. ft. for the total land area of approximately 507,316 square feeta In our view, the Assessor's Market Value reflects the "fair market value" which is the basis, under the subdivision ordinance, for determining park dedication requirements. I am faxing a copy of this letter with attachments to Jerry Linke for his information, as well as to City Attorney Jim Thomson and our attorney, Bruce Malkerson. P12ase feei �rpe to call me if you hav� any �uesticns concerning the foregoing, Sincerely, THE EVEREST GROUP, LTD. � �� : C: -,�, �.- -�� l. i: � ��L�" , . --- /. T�mothy J. Nelson TJNelc cca Mayor Jerry Linke James Thomson, Holmes & Graven Bruce Malkerson, Popham Haik � — Z(�85 Lc�ng Lal:e R�>acl P.O. L'�>x 130190 � Ros��rille, f��N 551 1_3 161 ?) 636-�i i00 f ls: Ibl 2} f�3(>-U 1£i3 �,',�,�� PY .. STATEMENT OF PROPERTY TAX PAYAd1_E IN y��s�-Y�.'OIIN1S'. ii�-- Neva tea3 tew EHCl.QB�Tl11SCC1FYWITYIFOFtR9�1-1PR �MPROVE�ENfS � WHENFIIIN(3FOF€IEFUNpFR�MRIIWN'� ��' CONHERCIAL COlIMERCIAG p,�Pl'AFRGV�NU� �� RELATIVEIND �� PROPERTY IDENTIFICATION NO��.��W�� - 08 30 23 22 0012 1 R 621 ESTMKf 155,900 155,900 TAJCPAYER TAXABLE A1Kf 155 , 900 155 , 900 ' COKNERCIAL PROPERTY INVESTHENTS INC RENTALTN( 2685 LONG LAKE RD PO BOX 130190 LINEi .00 ROSEVILLE MH 55113-2537 UNE2 .00 IF TMIS BO% IS Ch1ECKED YOU OWE DELINOUENT TAX '------------'---"---'---""^'------""""'-----""---------""""" ��`�3 STATEMENT OF PROPERN TAX OWNER PAYABLEIN1884 ROBER H& RITA M WASTE RETAIN iMiS COf'V RqMSEY COUNTY, MN PROPERTY ADDRE$S 1 FOR VOUR RECOR0.S � n� �J, 5'Mr^ S PROPEH7VIDENTiFiCATi0NN0. HIGHWAY 10 �� ABBR,EVIATEDTAXDESCFIPTION 08 30 23 42 0012 1 SECTION B TOWN 30 RANGE 23 PART OF SW 1/4 OF NW 1/4 23 ' COlINERCIAL PROPERTY INVESTNENTS INC 2685 LONG LAKG RD PO BOX 130190 ROS�VILLE NN 55113-2537 pfiOPERTY CLASS(ES) NEW IIIPfiOVEMENTS ESTIMATED 59 N0llND3 VIEW MKTVALLIE '.- .—_ ____... .. ._.'�— _ M— . _ _ _ _. _ .. . _ TA%ABLE 1. Uw Nia annuN on Farm M-1 PR W�ao Y You'ra e4pnb la a P+W�Y las relurxf ......................................... Fr by Aupu�l l6. u oa b wUCed� va, ovre d.Ynaueru w�ea am.re na elpioie. ❑ z Uaa IIiM arnour4 br �h6 ePecW P�MKKh �u roluM on �che0ub t a form M-1 rR ......................................... . yau PropNty T�x A�d k1Aw It 1i i1�GwM 8'flw &twl� 3 Yar PrWeriY Wx bolore red�cclim M cleto-Vaid WAa eM uetlhe ..................................................................... ea �. Aia pa;a bY u�e.u�o d uinre.ou w retluc. vau aa�am ux ........................................................................ 6 GaOU P� W No i�a�e d Yrulbeda W rWUCU ydu poparry leit AMm�aswd uiA ApricWWfW GeGN .......................................................................................................... d Your D�W�Y lu� Wler �atluclion 6y �ule-putl aWa utl aediu ..................................................................... , ::, ::whYf1.�Q4l.P{9 .�iAXQObYf�QP :�.. .7.... �y ............._................................................................................................................................................. & CAY or IaW� ................................................................................................................................................... o. Scfadasukc AExcess kvY rdaentla Iax ....................................................................................................................... aRenwwrq ochod la� ................................................................................................................................ fo. sva�� "uq aduicu , wuau�anoveG.�u.YqaoUfcu ....................................................................................................... 8 Ou+sr �pecia� ucYq auhicu .................................................................................................................... cTAHINCREMENT 75 ....................................................................................................... oFISCALDISPARITIES .................................................................................................... �t. Non-acrnavoieraaafovedie�erabala,riea .................................................................................................... 12 TWa�NopanY InK belote BPeciW uaea�irenU ................................................................................................. t& �ial aeseaen�erxe caden n uw propeny Iaa b+� ........................................................................................... 188Z PAYABLE 1693 CO1{1IERCIAL 155,900 155,�uu- i � .0 9,718.0 .0 . � 9,718.0 . � .0 .0 .0 .0 6,382.5 3,335.4 9,718.0 .0 6�n LMH Wffl SUB D16T CO 6MD COUE �1 R 1YD3 PAYABLE 1YW CON!(6BCIAL 155,900 --- " 155,5Ju .00 � ) 9,922.24 ) .00 ) . 0 � ) 9,922.24 . � � .�0 .00 .00 .00 .00 6,350.36 3,571.68 9,922.24 .00 t�. YWRTOTALPROPERTYTN(ANDSPECULASSESSMENTS .................................................................. I 9.718.00I 9�922.24 I Yau nrr w�� baN a wn ew r.hne. u na�aW'wpWMY w. M.a w Gck d uJ� surnw wYiO oN now a yyty. DETACH HERE ANU flEfURN TMIS POFiTION WRH PAVMENT '� � OEfACM HERE AND REfURN TNIS POFTf10N WITM PAYAIEM REAL ESTATE DELO � REAL ESTATE DELO ❑ 2nd HALF STUB - 1994 �; 1st HALF STUB - 1994 CHECK BO% IF MAILING ADDRESS CHANGE HAS BEEN MADE ON BACK � CHECK BOX IF MAILING ADDRESS CHANGE HAS BEEN MADE ON BACK LOAN CO. ACCOUNT NO. IMKE CHECNS PAYABLE � LOAN CO. ACCOUNT NO. MAKE CNECI<S PAVABLE MAISEV COUIRY fU1.1SEY COUNTY 50 HEl10G BLVO. W. SUITE B20 � 50 KELLai(' BIVD. W. 3URE 820 DISTRICT � DISTHICT ST. PAUL IAN 55102-tnefi ST. PAUI. MN 55102-1688 � 5 g 5 9 ycwacAHC�arn cHCqt , YUVN�AXCRUE�cN�Qll ': � :��ISYOUnxYCFMT PHOPERTV ADDflESS ��Y�� '� � PROPERTY ADDRESS HIGHWAY 10 � HIGHWAY 10 BE 30 E23cA42 N0012 i IIIIIIIIII�III�IIIIIIIIIIIIIIIIIIIIIIII i �8 E3OID23FIC4TZN 0012 1 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII ror�u 9,922.24 � To� 9,922.24 � TO AVOID PENALTY PAY ON OR TO AVOID PENALTY PAY ON OR � '��BE�FORE OCTOBE 4 r5961 . 12 IIIII IIIII I IIII I IIIII II IIII II III II � i�nTUC BEFORE MAY 1 4,9961 . 12 IIIII I IIIII IIII I IIIII II'lll II III II � � i � � � i � i � � _.'J�A�G�6o��ir .;.,.� _...,..__._.��rn�un� NEW iB93 1YG1 :. � ��ENCLOSF THIS (:QPY WITI I fORM M^1Pfl iMpqOVEMEr1TS � WHENFILINaFORRELUNOFRQ!AlAINN �� COHHF�RCIAf. CONNERCIAL DG� OF REVENUIS REIATIVEIN� , � PFlOPER7V IDENTIFICATION NO� OB 30 23 42 0001 1 R 621 ESTMK7 605,000 605,000 � , TAxPAYEH TAxABLEMKi 605,000 605;000 COHMERCIAL PROPERTY INVESTHENT INC RENTALTAX 2685 LONG LAKE RD PO BOX 130190 �INE7 ,p� . ROSEVILLfi MN 55113-2537 LINE2 .00 . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ IF THIS BOX IS CHECKED YOU OWE DELINQUENT TA% .. . � -----"" --------'-"'-'-'----"-'-"--'-- : ��!�� S7A7EMENT OF PROPERN TAX OwNER � RETNNTHISCO% PAYABLEIN1984 ROBERT WASTE -� - 1 Fpqyp�pq�qppg RAMSEYCOUNTY,MN PFOPERTYADDRESS � PHOPERiVIDEMIFICATIONNO. COUNTY ROAD Hi ABBREVIATED TN(DESCRIPTION 08 30 23 42 0001 1 SECTION 8 TOWN 30 RANGE 23 EX N 33 FT FOR CO RD H2 SEC 8 TN 30 RN 23 � COMMERCIAL PROPERTY INVESTliENT INC 2685 LONG LAKE RD PO BOA 130190 ROSBVTLLB XN 55113-2537 59 HOUND3 VIEW rnorerrrr CIASS{ES) NEW 11APROVEMEM3 ESTIMATED MKT VALUE .. ___ _ TA%ABI� . AIKT VA W E . 1. Use �hY u�auM on Fortn M4 PR lo aee tl yai re oipWn lor e properry lex roluntl ......................................... F+. ey tiwwi ia. n no. r cn.�a, ro�, ow. w�:n�� u.ea .�w.re na e�q�. ❑ 2 us. w. ema,M �a u».v� aW�v u,c re�und on.cn«lule 1 a F«m M-1 Pfi ......................................... ;:Yaa . o T�x nd Haw k 1s BeMm�d B TIw 81�q ,'.; .3. _. _Your properry Wt Delora reducllon �y eieto-p�itl eklt aM credpa ..................................................................... /. Ald Pald M Ifa e�aie d M+neeola W �eAUCO Yau propaM Ux ........................................................................ � G G«ws wb W ur.�e�e a Mmeeou m �eauce your puwM i,x AFfaroalea0 ub Apricu„unl CreOp ........................................................................................................... 6 var propxry ux .tter roducUOn by �u1trP+a �Ids �ntl aMns ..................................................................... Wh*r�YourPro TaxRoN�nQo�°; 7 . ��.: ..........._......... ................................................... .................................................................... ..... E. CNY a bvm ................................................................................................................................................... p. Sctnddiavkt AEMCes� bvy relere�da lu.a ....................................................................................................................... ` B. r�.w�➢ xrod w� ................................................................................................................................ �o. sveow �:w d�i��e . � h MalrapoYlen ePacw� inxhp ahtr�cu ....................................................................................................... � 8. Ovw�peeialicn�ngauWcu .................................................................................................................... ' cfiAX INCRENENT 75 ....................................................................................................... UFISCALDISPARITIES .................................................................................................... tt. Nar.cnod vaer caorwee referawa bvw .................................................................................................... � 12 ToI�YPrWnNuxbelaeepecielaum�nafW ................................................................................................. ' 13 �W eaaesamenu atl0e0 o h' properry Wt bW ........................................................................................... SAN SWR Ob�� 526.96 STI � I�I� 1982 PAYABLE 1683 1893 PAVABLE iBW COHHERCIAL COMMERCIAL — / 605,000 605,000 605,000,-' 60b,000 i \ •0� � .00 37,709.0 .0 .0 37,709.0 .0 .0 .0 .0 .0 24,767.5 12,941.5 37,709.0 555.2 38,502.0: .oc .0( 3e,soa.o: .Ot .Of .0( .Ol . 01 . 01 29,643.5� 13,858.41 38,502.0: 526.9t . 1{. YOVRTOTALPROPEHfYTN(ANDSPECULAS9ESSMENfS .................................................................. I 38.264.24' 39r028.9E Yau IM/' G� W0�/ IarM1 plwl Mo �Mlld p MR01�/P'�PM�Y Ou. /Wd N OW a/fY' MWIwI1 bW aJ Mr b I/pt/. � OEfACH HERE AND REfURN THIS POfif10N WRH PAYMENf l OEfACH HERE AND REfURN fH15 PORfIJN WITH PAYMENi � REAL ESTATE DELQ � REAL ESTATE DELQ 2nd HALF STUB - 1994 ; 1 st HALF STUB - 1994 CHECK BOX IF MAILING ADDRESS CHANGE HAS BEEN MADE ON BACK '� CHECK BOX IF MAILING ADDRESS CHANGE HAS BEEN MADE ON BACK IOANCO. NCCOUNTNO. MAKECHECKSPAVA8IE !� LOANCO. ACCOUNTNO. MAKECVIECKSPAVABti � RAMSEV COUNTY i MMSEV GOUNTY DISTAfCT 5UKELLOGBLVD.W. SUREB20 i 5�9TAIGT � PE�O�('MBL�i�W_' �REI � 59 ST. PAUI, MN 55102-1888 ,'. YOUWCAHCRLLPDCN[CK ��:� I -YWIIC�NCID1EOpiV1(": PROPEflTYAODRESS '�'�`�v�� "`:� PROPERNA�DRESS .��..:�Y��:�.:..�- COUNTY ROAD H2 i COUNTY ROAD H2 �8E 3� E23 42 N��OZ 1 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII 1 08PE3��DZ3FlCaZ �0�1 1 IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIINIII 7O� 39, 028.98 � TT�"� 39, 028.98 TO AVOIO PENAITY PAY ON OR i TO AVOID PENALN PAY ON Ofl BEFORE OC70BER 15, 1994 IIIII IIIII I II IIII III IIIII II II II I�I i Fl�.ST BEFORE MAY 19 r9514 . 49 IIIII I IIIII II I��I III IIIII IIII IIII 6ECON0 19 , 514 . 4 9 in rNc IR TA% I 1 ' 1 , 1 I i � � � RAMSEY COUNTY Notice of Your Property's 1994 Estimated Market Value (This is not a bill. You have already received your 1994 tax bill.) Property Address „ � Property I. D. Number HIGHWAY 10 �^^� ��' W�'�` �"� `''�" 08-30-23-42-0012-1 Taxpayer COMMERCIAL PROPERTY INVESTMENTS INC 2685 LONG LAKE RD PO BOX 130190 ROSEVILLE MN 55113-2537 Properry Class COMMERCIAL IMPACT ON YOUR PROPERTY TAXES The 1994 estimated market value shown above is the amount your county assessor esti- mates your property would sell for, based on sales of property in your area. This estimate will affect the property taxes you will pay in 1995. You can appeal your market value by fol:o��:�:►� th� �.e�s ��tl9r�� on the Q+.her sE�e. PLEASE NOTE: You must appeal to the County Board of Equalization by April 8, 1994 or further tax abatements (reductions) based on this value will be denied by the assessor. A very small percentage of properties have additional changes that have been noted by the assessor. These property owners can expect to receive a revised notice. The formal appeals process is outlined in detail on the other side of this notice. (See other side) � RAMSEY COUNTY Notice of Your Property's 1994 Estimated Market Value (This is not a bill. You have already received your 1994 tax bill.) Property Address Property l. D. Number , COUNTY ROAD H2 (h��P�J ��0 08-30-23-42-0001-1 Taxpayer 4', COMMERCIAL PROPERTY INVESTMENT INC 2685 LONG LAKE RD PO BOX 130190 ROSEVILLE MN 55113-2537 Property Class COMMERCIAL IMPACT ON YOUR PROPERTY TAXES The 1994 estimated market value shawn above is the amount your county assessor esti- mates your property would sell for, based on sales of property in your area. This estimate will affect the property taxes you will pay in 1995. You can appeal your market value by f�!��►�n� the ste�+� out!i!?e� on the �ther s��e� PLEASE NOTE: You must appeal to the County Board of Equalization by April 8, 1994 or further tax abatements (reductions) based on this value will be denied by the assessor. A very small percentage of properties have additional changes that have been noted by the assessor. These property owners can expect to receive a revised notice. The formal appeals process is outlined in detail on the other side of this notice. (See other side) _.� __ � ��, ,.;�: � � �._ ��_�. G�� -� � � , - _ _ , » � �� MOiJNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY REQUES� FOR EDA CONSIDERATION STAFF REPORT EDA vILETING DA`IZ Mav 23. 1994 EDA Actio►�: ❑ Special Order of Business Abenda Sectioa: 2. ❑ Public HearinSs Report Number:EDA-94-2-k�g ❑ Cunsciit ��Sencla Report Date:.5-19-94 ❑ C�f� BUSIIICSS I[ec�i Descriptioii: Discussion Regarding Development Agreement with MSP/Westminster for Silver Lake Point Housing Project Executive Director's Review/Recommendation: - No comments to supplenlcnt tliis report Cumn�cuts attac;licci Lxplanation%Sun�mary �:�u�ch SuN�l�ntcnl sheets :u nccA:ssary) S UNiI�[ARY: The final draft agreement will be presented at the Work Session, Jim O'Meara apologizes for its incompletion, but some minor details are still being worked out at the time of this staff report. On Thursday afternoon, May 19th, I received a call from Jeff Huggett of MSP Real Estate, one of the partners on the Silver Lake Pointe project. It appears that the Administrative Director of the Rice Creek Watershed District disagrees with the wetland delineation map drawn by MSP/Westminster's consultant Ron Peterson. It is Kate Drewary's position that the wetland must be moved in on the site as much as 70 feet. The result of any such action would in negatively impact the project's viability. Jeff Huggett informed me that members of the RCW's Technical Panel will be meeting at the site on Monday together with Ron Peterson, a certified soil scientist from Ron's firm and MSP staff to determine the proper delineation of the wetland. Members of the City staff will also be in attendance. It is Ron Peterson's professional determination that the existing soils on the site do not indicate "hydric" soils and therefore cannot be classified as wetland soils. Resolution of this matter is imperative to the entire development process, including approval of the Development Agreement for the TIF assistance. Jeff Huggett will provide an update of this matter at the Work Session on Monday nigh,t. R�C0�11�TEND,�TIOV: � � � , �-�� Sa�nantha �Orduno; Executi'�re Director , _ . � �.---;_� _ __ � _ �� 1VIOUNDS VIEW E�CONONTIC DE��ELO]PNiENi AU'I�IORiTY k2EQUEST FOR EDA COI�SIDERATION STAFF REPOR7[' EDA NfEETING DAT`� May 23, 1994 EDA Action: ❑ Special Order of Busii�ess Agenda Section: 3' ❑ Public I-Iearings Report Number: EDA-94-3W5 ❑ Conscut Agcncla Rcpurt Datc: 5-19-94 ❑ CDt� Busincss Itcm D�scriptioii: Discussion of Resolution No. EDC-6, Authorizing and Approving a Certain Agreement between the EDA and Everest Group Executive Director's Review/Recommenda - No comments to supplemeiit tliis repo - Comnicuts attachecl Lxplauation/Summary �:�tL'ich sup�l�tnenl sheclS ;�s necessaty) S UMN[A RY: At the last EDA work session on May 9, 1994, a�roposed development agreement was discussed regarding guidelines for further TIF assistance for Mounds View bttsiness park. The attached agreement has been modified to contain confornuty with the City Municipal Code of Ordinances. This language would address the park dedication fees for future projects. The agreement also states that future projects "shall be an <�wnei•-occupied facility for a company or other user acceptable to the Board". Since that time, two potzntial users of both the Mounds View business park and the Watson property have been presented. I would like advice on how [ should present the City's TIF assistance to entice these companies. It could be done on a case by case basis or by using the guidelines presented in the agreement between the EDA and Everest for the business park. In ��articular, Everest is in contact with a user for a 60,000 - 75,000 s.f. facility. According to Everest this is a v�ry well established and growing company that would be an anchor tenant to build the entire 103,000 s.f. building (pi•ior designated as building N). Unfortunately, the coinpany is not interested in purchasing the property but would like to lease the facility. What would the EDA consider as an "other user acceptable to the board"? In addition, I need to respond to a request by a biopharmaceutical company who is searching the market for a 40,000 s.f. cor�orate headquarter site. I believe this company would be excellent for Mounds View and would be siiitable for either the Mounds View business park or the Watson Property which is located adjacent to the golf coursC. The com��any hxs e;stimated the huilding and equipment cost to total over $7 million which excludes the cost of the land. This is a very competitiveproject and we would need to use TIF to entice the company to consider Mounds View. The ��uidelines neecl,�to he discussed for the above nrqjects as well as future potential new companies. 1: �7 � � `� / 1�-, l/ �:�-� i ; � � .:��__. . RECO�Ii�1E�lDATI(�N: Cathy Development Coordinator RESOLUTION NO. 94EDA6 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF A CERTAIN AGREEMENT WITH THE EVEREST GROUP, LTD. It is hereby resolved by the Board of Commissioners (the "Board") of the Mounds View Economic Development Authority (the "Authority") as follows: 1. Recitals. (a) The Authority has the powers provided in Minnesota Statutes, Sections 469.124 to 469.134 and 469.090 to 469.108 (collectively, the "ACT"). (b) Pursuant to and in furtherance of the objectives of the Act, the Authority has undertaken a program to promote development and redevelopment of certain land within the City of Mounds View and in this connection is engaged in carrying out the Mounds View Economic Development Project (the "Project") within the City. (c) There has been approved pursuant to the Act a Project Plan for the Project. (d) The redevelopment and development of property within the Project by private developers are stated objectives of the Project Plan. (e) In order to achieve the objectives of the Project Plan, the Authority has determined to provide substantial aid and assistance through the financing of certain of the pubiic costs of development. (fl It has been proposed that the Authority enter into a certain Agreement (the "Agreement" - attached herein as Attachment A) with The Everest Group Ltd. (the "Developer"), which would provide general, non-binding guidelines concerning the build-out of the remaining sites within the Mounds View Business Park and the provision, if applicable, of tax increment assistance with respect thereto. 2. The Board hereby determines that the Authority's execution and performance of the Agreement would be in furtherance of the Project plan and hereby approves the Agreement substantially in the form presented to the Board and hereby RESOLUTIGN NO. 94-EDA6 PAGE TWO CF TWO authorizes the officers of the Authority in their discretion and at such time, if any, as they may deem appropriate to execute the same on behalf of ihe Authority, with such additions and modifications as those officers may deem desirable or necessary, as evidenced by their execution thereof. 3. The Board hereby determines that the execution and performance of the Agreement will help realize the public purposes of the Act and are in furtherance of the Project Plan. Adopted by the Board of Commissioners of the Mounds View Economic Developrnent Authority on May 23, 1994. ATTEST: (SEAL) President Executive Director �T�'.��3��lE�9 i� � Agreement This Agreement is dated as of , 1994; is by and between the Mounds View Economic Development Authority (the "EDA") and Everest Development, Ltd., a Minnesota corporation (the "Developer"); and provides as follows: 1. Recitals. (a) The City of Mounds View, Minnesota (the °1City") , and the Developer have in recent years jointly cooperated in the development of the Developer's Mounds View Business Park (the "Business Park°'), with the City's participation coming particularly in the form of tax increment assistance and bonding to defray certain public development costs related thereto. (b) More particularly, the City established its Development District No. 2, adopted the Development Program for the Development District, and established Tax Increment Financing District No. 1(the "TIF District") within the Development District, with the Business Park being within the Development District and the TIF District. The EDA represents that the City has transferred to the EDA the control and governance of the Development District, its Development Program, and the TIF District and its tax increment financing plan, and the EDA has subsequently incorporated all of the aforesaid into the EDA's Mounds View Economic Development Project. (c) While build-out of the Business Park has proceeded, there remain several undeveloped building sites (the "Remaining Sites") within the Business Park, and the EDA and the Developer desire to establish certain understandings as to the circumstances in which tax increment assistance may be appropriate to assist the development of such sites and the final build-out of the Business Park. 2. Assistance Guidelines. The EDA hereby states its preliminary intention to approve tax increment financing assistance for development projects proposed and undertaken by the Developer on the Remaining Sites within the Business Park, subject to the following preliminary conditions: (a) The term of the tax increment assistance would be for a period between five and nine increment years, depending on demonstrated need, but in no event beyond the duration of the TIF District. (b) The Board of the EDA at the time shall have determined that there is a need for the level and amount of the tax increment assistance sought. z6327z.i _ . � : - - � _ _ . - , . -. __.___ _ � � : v (c) The assistance woulci be provided on a"pay as you go" basis irom 85� (or other identified portion) of the tax increments generated by the particular_ project, with assis�ance amounts bearing simple inte�est at up to 7.00� per annum until paid, all subject to the limitation that the City obtain enough tax increments from the TIF District as a whale to pay the debt service on the various general obligation bonds which have been sold to aid the development of the Business Park. (d) Each project so assisted shall be an owner-occupied facility for a company or other user acceptable to the Board. (e) Design and cons�ruction plans for each new project be consistent with the standards heretofore established for the Business Park and otherwise acceptable to the Board. (f) Each proposed project be consistent with and conform to the requirements of applicable law (including the City's municipal Code of Ordinances) and receive all necessary approvals. This Agreement shall not constitute the commitment by the Developer with respect to the development of any of the Remaining Sites within the Business Park and shall not be interpreted as a final commitment of the EDA to provide tax increment assistance for any such development. Any such assistance approved hereafter shall be by separate written agreement, superseding this Agreement. MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY By Its President By Its Executive Director EVEREST DEVELOPMENT, LTD., a Minnesota Corporation By Its President By Its Chairman of the Board 263272.1 2 , -�.�. . ; � � :. � � ; . , I . �..... _ .. . �__ ._ __ _ : ___- � �_ . ._ . . _ ____� . E • j MOUNDS ViEW ECONOMIC DE�ELOPMIENT AUTIiORITY REQUEST FOR EDA CONSIDERA,TION STAFF AEPOR'i EDA M��TING DATE May 23, 1994 EDA Actio��: ❑ Special Order of Business Agenda Section: 4• ❑ Public Hearings Report Number:EDA-94-4WS ❑ Consent ASencla Repur� Daie: 5-19-94 ❑ CDA Busiuess Itct�i Dcscriplio�t: Discussion of Draft City Code,. Chapter 408, Entitled "Economic Development Commission" (EDC), and Potential EDC Candidates Executive Director's Review/Recommendatio - No comments to sup�lement tliis r Cun�nicuts attacliecl Lxplanatiou%Swumary �:��i,,ch supp�emcni • �is � eccssary) SUMI�WRY: Attached is the draft language for the establish�nent of an Econonuc Development Coimnission (EDC) made up of seven members of the community and business representatives at the appointment of the President of the Economic Development Authority with the aprroval of the Authority BoarJ of Corrunissioners. Section 408.09 discusses the cluties of the Commission and are very inclusive and hroad. Oncz the draft language is finalized by the EDA the ordinance can be presented to the City Council at the June work session, introduced on June 13, 1994 and adopted on June 27, 1994. In addition, the following is a list of potential candidates for appointment on the EDC. These potential candidates have not been contacted and are listed only fior discussion to generate ideas. I. Dan Nelson, resident 2. Mark Malone, mxnager of Western Qank !� Charlynn Robertson, resident 4. Laurie Schley, resident 5. Ron Schmidt, owner of Amoco 6. Gayla Shoemaker, residenl 7. Brian S,jobzrg, Dynex Industries Cathy B et�/ Economic Development Coordinator � RLCOi�i1�(ENDATIOV: 4 ,. _ � : � � � CHAP'�'�R �108 �COIVOMIC I)IEVELOPM�I�1T COMIVIISSIOt� 40�.0� 408.01 Establishment.The Economic Development Commission is hereby established. The �conomic Development Commission is referred to herein as the "Commission". 408.02 Pui-pose. The Commission shall serve as an Advisory Commission to the Economic Development Authority, hereinafter the "Authority", on matters relating to fostering a positive economic climate, encouraging economic development, and enhancing the taY base of the City. The Commission shall also mal<e recommendations to the Authority regarding retention and expansion of existing businesses, attraction of desirable new businesses, redevelopment and rehabilitation opportunities, and otller appropriate economic development strategies. 408.03 Com�osition. Subdivision 1. �pointed Members, Terms of Office. The Commission shall be composed of seven (7) equal voting members appointed by the Authority President with the approval of the Authority Board of Commissioners. Members shall serve three year staggered terms, with terms eYpiring December 31 of each year. At least t�vo of these terms, but not more than three terms shall eYpire each year. The appointees shall be duly sworn and take office at the fitst rebular meeting of the Commission in the month of January each year. Both original and successive appointees shall hold their offices until their successors are appointed and qualified. Subdivision 2. Designated Members. In addition to appointed membership, one non-votin� member shall be designated by the Authority to serve as liaison to the Commission. The term of the appointment shall ordinarily be lor one year, e�ccept that they will terminate �vith the office from which the non-voting appointment is derived. 408.0� Oualitication of 1�lembers. No person shall be appointed with private or personal interest likely to conflict with the general public interest. If any person appointed shall find that his/her private or personal interests are involved in any inatter coming before the Commission, he/she shall disqualify him/herself from takin� part in action on the matter; alternatively, he/she may be disqualified by a two-thirds majority vote of the Cominissioners in attendance. 408.05 Compensation. iVlembers of the Coinmission shall serve ��ithout compensation. City of i�Iounds View - Draft EDA - 5\23\94 �os.ob =�08.06 Vacancies. �os.o� Subdivision l. Termination of ��ointment. Any Commission member desirin� to terminate his/her appointment to the Commissioner before the e;cpiration of his/her term shall give written notification to the Commission Chairperson of his/her intentions. It should be the duty oF the Chairperson of the Commission to notify the Authority promptly of any vacancies. The Authority President, with approval of a majority of the Authority Board of Commissioners, shall appoint a new member from applications received for the unfulfilled portion of the term. Subdivision 2. Removal from Office. Any member of the Commission may be removed Fronn office for just cause and on written charges by at least four-fifths of the entire Authority. Such member may be entitled to a public hearing before such a vote is talcen. An appointed inember may also be removed by the Authority for non-attendance at Commission meetings if a Commissioner is absent from five regularly scheduled meetings per year or ti•om three consecutive meetings, without the consent of the Commission. 408.07 Or�anization, lYleetings. Subdivision 1. Or�anization. At the first regular meeting of the year, the Comrnission shall appoint a chairperson from among its voting members. This appointment shall be subject to Authority approval and shall consist of a one year term. The position of Chair shall rotate among members, with no Commissioner serving in that capacity for more than two consecutive terms. The Commission shall also elect a vice-chair from among its appointed members for a term of one year. The Commission may create and till such other offices from its members as it may determine to transact Commission business. Subdivision 2. Regular Meetings. The Commission shall hold at least one rebular meeting each month at a tirrie which the Commission shall flx by resolution. Subdivision 3. Snecial N[eetin�s. Special meetings may be called by the Chairperson or by any two members of the Commission by a written notice filed with the Clerk- Administrator �vho then shall notifv all members oFthe Commission oi the time and date of the special meeting, at least three days before the meeting date. Subdivision 4. uorum. A majority of the appointed voting Commission members shall constitute a quorum. Subdivision �. Votin�7 Privile�es. Each of the appointed members shall have ec�ual voting privileges. Subdivision 6. Bvla�vs. The Commission shall adopt byla�vs for its �7overnance and for the transaction of its business. The bylaws will be reviewed on an annual basis at tlle tirst regular meetin� in February. City of ivtounds View - Draft EDA - 5\23\94 - , : � z� . � ____ ___ __ ___ __ _ ___ ___ - . _ _ . �. _� .�. _ �___ _ _ _ ___ ____ _ _ _ . I , � 408.07 408.09 Subdivision 7. Records. A recording secretary shall l:eep a record of attendance at Commission meetings, a record of resolutions, and votes and abstentions on each question requiring a vote. The record of the Coinmission shall be a public record. Subdivision 8. Report• The Authority may rec�uest an annual report from the Commission �vithout having received consent of its content by a majority of the Commission menibers at a regular or special meeting of the Commission. 408.08 �xpenditures. The Commission may request from the Authority such fiinds as may be necessary and proper for the conduct of its duties. 408.09 Duties of the Commission. In order to cai-ry on its purpose, the Commission shall: (1) ��) ��) Confer with and advise the Authority on all matters concerning the industrial and coinmercial devclopment and redevelopment of the City. Publicize, with the consent of the Authority, the industrial and commercial advanta�es and opportunities of tl�e City. Collect data and information as to the type of industries and commerce best suited to the City. (4) Survey the overall condition of the City from the standpoint of determininQ whether the City has a community climate for industry and to determine the general receptiveness of the City of particular types of industry. (�) Publicize information as to the beneral advantages of industrial and commercial development and redevelopment in a comrnunity. (6) Cooperate with all industries and businesses in the City and in the solution of any community problems which they may have, and to encourabe the e�cpansion, developinent and management of such industries and business so as to promote the general welfare of the City. ��) ��) Coordinate the Economic Development activities of the various groups active in the City. Recommend zoning changes and development of areas suitable for industrial and commercial development and redevelopment to the Planning Commission. City of Nlounds Vie�v - Dcaft �DA - �\23\94 �.r . . .' ; �"st-:.>._ ..—.- �v ��._. . ..�z�=�-�=:`�__ Is�= :' . . _..`__ . �- C. _.. "_.. � . "_"'."_'_ _�i - _. _.�__— __ ' _ "'_� .�_. � - --�= _. — _�' . � ix� . . . . . . -Y �08.09 �03.09 (9) Develop, compile, coordinate and publicize information such as, but not lirnitEd to the following: a. Existing industrial and cornrnercial concerns �vithin the City, their addresses, types of business, number of employees and whether each serves local, regional or national markets. b. Available industrial and commercial sites inclitding number of acres and square footage, approximate price, existing zoning and proximity to highways. c. Available buildings for industrial and commercial operations, including type of buildinbs, number of square feet, eYisting zoning and proximity to hi�hways. d. Transportation facilities, including railroads, motor carriers, �vater transportation, air transportation and lughway tacilities that serve the area. e. Electric power available. f. Fuels available for industrial and commercial use. �. Sewage disposal facilities. h. Water supply facilities. i. Community facilities such as tire, police and educational. j. Recreational facilities. k. Going wa�e rate in the City foc the trades. 5killed and serni-skillc;d and white collar worlcers. l. Availability of labor. m. General community attitude toward industrial and commercial eYpansion, development, redevelopment and attraction. n. E:cperience and programs of surrounding communities in regards to industrial and commercial expansion, development, redevelopment and attraction. o. F'inancial and technical resources available to ne�v and existing btisinesses at the local, county, state and national levels for economic expansion and vitalitv. Cicv oFYlo�inds Vie�v - Draft EDA ->\?3\)4 � : ::�_ `�-� � .-� .: - . � � �: . _____ � _ �� :=;� _ � � � - i =:. �� l ��.�9 �08.09 (10) Recommend Authority and Planning Cotnmission policies and particular actions in regards to industrial and commercial e;cpansion development, redevelopment and attraction. (11) Cooperate with and use the services of the Ntinnesota Department oF Trade and Economic Development, Miiuiesota Housing Finance Atrthority and any other organizations at the national, state, county and local levels that are deemed conducive to the overall vitality of the City. (12) The Commission shall have the power to appoint task forcesof a size and nature it may deem necessary and may enlist the aid of persons and/or or;anizations who are not members of the Commission. (13) The Commission shall have no po�ver to mal<e contracts, levy taxes, bonow money or condemn property, but shall have the full power and responsibility to investigate the necessity and recoinmend the tal:ing of these and any other actions related to the industrial and cominercial development and redevelopment by the �.uthority and all other officers of the City responsible to formulate the terms of and the procedure for talcing such action. (1 �) Review the City's existing housin� stock analysis and make recommendations to the Authority regarding mechanisms for the rehabilitation of said housing stocic City of Mounds View - Draft �DA -�\23\94 :�:� -: . _ _ __�,-____ ..� _ � � _ _ _ __ _ ___ __ ` _ _ - � - � � MOUNIDS VIEW ECONOMIC DEVELOPMEN'T A�JTHORIT'Y REQUEST FOR EDA CONSIDERt�iiTION STAFF REPORT EDA M�ETING DAT� May 23, 1994 EDA Action: ❑ Special Order of Business Agenda Section: 5. ❑ Public Hearin�s Report Number: EDA-94-5WS ❑ Consent Agencla Report Date: 5-19-94 ❑ CDA Business Itcm llcscription: Discussion of Wolf & Associates Proposal for Expansion Executive Director's Review/Recommendati - No comments to supplement this report � - CVIllI11CR[S attacliecl LXPl:luii[toll/Stl[]ltll:lry (attach supplement shects ;u nccessary) S U�IN(ARY: Paul Flarrington and I met with John Purves, Controller and Tom Eisenschenk, Production Manager of Wolf & Associates with their �levelopment consultant Mike Mulrooney of Advance Resources for Development. Wolf 8c Associates, 1 material handling systems company located on Mustang Circle, is currently working at capacity and would like. to �xpand their facility to accommodate business growth and the surrounding residents. They are inter�sted in the city water tower site and are willin� to provide an easement off of Mustang Circle for emergency exit for the adjacent manufactured home park In addition, the consultant is willing to prepare an application for the City to receive an "Econoinic Recovery Grant° through DTED for $200,000 with the understanding that the city will loxn some of the fiinds to Wolf for their expansion. The grant could be used to start a revolving loan fund. If the EDA is interested in pursuing, I will arrange a meeting with Advance and DTED to begin the process and Wolf will submit their plans to the Planning Commission through Paul Harrington. Wolf 8c Associates would be willing to make a presentation at the next work session on thzir products and expansion ni�n�. "1 r, f t % �_ ,ci � � , � �.:J�. ,W' � :�'� ✓�,:t_<'.:c_ _. --- --- - C�thy B'e�in�tt, Econc>mic Development Coordinator RI:CO�II�iEND.aTIO�V: __: _-_ .-� : -�_,r_ _ . . , � . ��.— �n�. ._` �.- � _ .__ � � ,� l�IOIJNDS VIEW ECONOMIC DEVELOPMIENT AUT�IORITY REQUEST FOR EDA CONSIDERATION STAFF REPORT �DA M�ETING DATL_ Mav 23 , 1994 EDA Action: ❑ Special Order of Business Agenda Section: 6• ❑ Public HearinSs Rcport Number: EDA– – ❑ Cuiiscnt Agc;ucla Rcpurt Da�c: 5_ _ ❑ CDA Busiucss I�cm Dcscription: Discussion of Legislation Concerning the North Metro Business Retention Development Commission Exe:cutivc Director's 12eview/Itecommendat' . - No cornments to supplenient ttiis report - COtll]11Cll[S 1L[IIC�1(:(1 L�plauation/Sunin�ary �attach supplenient ,heets :�s nea:ssaryl SUNINGiRY: With the support and persistence of Representative Geri Evans, the legislation, appropriating $35,000 to New Brighton and Mounds View for participation in the North Metro Business Retention and Development Commission, was passed and signed by the Governor as part of the omnibus tax bill last week. The legislation read as follows: „Nar•�h Mc�tru Bu.riiic,r,�• Retention cu�d Develnpment Corrrniis.rion $35,000 Tl�i.s• app��oJ��•ic�tioii i,s ndded ro thc: grant authorize�l i�i Laws 1993, Chaptc:r 369, sectio�i 2, suhdivis•iof: S, for• tl�e Nor7/� Men•o Bu.srnc�,s.ti• Reten�ion a�ir! Developnu:j�l Cornrriissio�r, nf�d is for the purpose of iftcluding the cities of New Bri,�l�tan cr�rr/ Moun�/s Vieiv rn �hepilot prnject. The grant is nvailable only ojt a r/erno�lstration of a dollar for-dollar cn,sl� rnntch fi�n��i thc c�onu�ii,ssion. „ it is my understanding that the $35,000 would be zvenly split between New Brighton and Mounds View ($17,500) as a matching ��rant. Since the Council and EDA have approved the Corrununity Partners Pro�;ram for $12,500 the City of Mouncls View has alreacly designated most of the matching funds alre�tdyl. I will diseuss the details of the allocation at Monday evening's wc�rk session . � � -�'� ` ✓�-"`� ---- Cathy Be ett, Ecc)�iomic Development Coordinator � R�CO��I�IEND,�TION: