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HomeMy WebLinkAbout2005 EDA MinutesPROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting January 10, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:30 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Gunn, Flaherty and Marty NOT PRESENT: None. 3. APPROVAL OF AGENDA Economic Development Coordinator Backman stated under Item 7, Reports, there would be two representatives from Medtronics who would give a short presentation. MOTION/SECOND: Stigney/Gunn. To Approve the January 10, 2005 Agenda as amended. Ayes – 4 Nays – 0 Motion carried. 4. APPROVAL OF EDA MINUTES None. 5. CONSENT AGENDA None. 6. EDA BUSINESS A. Resolution 04-EDA-198 Authorizing Expenditure to RLK-Kuusisto, Ltd., for Additional Services as Outlined on Request for Design Change No. 2 Associated with the Bridges Redevelopment Site Areawide Urban Alternative Review (AUAR). Economic Development Coordinator Backman stated that on September 13th the Mounds View Economic Development Authority authorized the selection of RLK Kuusisto to undertake the AUAR for the Bridges Redevelopment project, and that this was intended to look at parameters that are related to redevelopment such as transportation, public services, environmental, et cetera. Mounds View EDA January 10, 2005 Regular Meeting Page 2 He stated that it had been published on November 17th, and there is a 30-day comment period for various agencies to comment regarding the draft AUAR. He stated that staff is requesting an amendment to the RLK Kuusisto contract that would facilitate the amendment application that needs to be submitted to the Met Council. He stated that staff recommends that the EDA adopt this Resolution, which authorizes the expenditure to RLK for additional services as shown in Change No. 2 associated with the Bridges development at a cost not to exceed $19,855. He stated that after the discussion at the Work Session on January 3, he had gone back to RLK to see if the cost could be reduced, and he was able to get a lower dollar amount for the meetings. He stated that if there are fewer meetings, then that would generate a lower cost to the City. He stated that this cost would be paid through the City’s EDA fund. Commissioner Flaherty asked what the fee was per hour. City Administrator Ulrich stated that it’s at a rate of $150 per hour. Economic Development Director Backman stated that if they do not go to all of these meetings, then it would be less. MOTION/SECOND. Stigney/Marty. To waive the reading and approve Resolution 04-EDA-198 Authorizing Expenditure to RLK Kuusisto, Ltd., for Additional Services as Outlined on Request for Design Change No. 2 Associated with the Bridges Redevelopment Site Areawide Urban Alternative Review (AUAR). Ayes-4 Nays-0 Motion carried. 7. REPORTS Economic Development Coordinator Backman introduced Rodger McCombs and Donn Hagmann from Medtronics. Rodger McCombs, Vice President of Workplace Solutions for Medtronics, stated that he felt this was an exciting project, and it was certainly an option that they were seriously considering. He stated that they have 7,000 employees in the Twin Cities area, and grow 250-300 employees each year. He stated they have 33,000 employees worldwide. He stated that they do about $9.1 billion in annual sales. He stated that this project would support in the first phase about 820,000 square feet, and there would be about 3,000 employees at this site, so it would be home to one of their largest business units. He stated that Medtronics is very strong in community relations, and they recently celebrated the 25th year anniversary of the Medtronic Foundation, which has provided millions of dollars back into the communities where it has its businesses to support such things as science and education. President Marty announced that there is an opening on the EDC, and applications are available at Mounds View EDA January 10, 2005 Regular Meeting Page 3 City Hall. President Marty questioned the 820,000 square feet because he had previously heard 500,000 square feet, and Mr. McCombs stated that they had determined for what they needed that they had increased it to 820,000 square feet. 8. NEXT EDA MEETING: Monday, January 24, 2005, 6:30 p.m. 9. ADJOURNMENT President Marty adjourned the meeting at 6:43 p.m. Respectfully submitted, Recorded and transcribed by: Sheree Theobald TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Special Meeting January 14, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 4:30 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Flaherty, and Marty ABSENT: Gunn 3. APPROVAL OF AGENDA MOTION/SECOND: Flaherty/Stigney. To Approve the January 14, 2005 Agenda as Presented. Ayes – 3 Nays – 0 Motion carried. 4. APPROVAL OF EDA MINUTES None. 5. CONSENT AGENDA None. 6. EDA BUSINESS A. Resolution 05-EDA-199 Authorizing Staff to Arrange for an Appraisal of the Outdoor Signs as part of the Bridges Redevelopment Project. Economic Development Director Backman stated the City Administrator and himself had met with Scott Riggs and Bob Lindall of Kennedy and Graven regarding the Medtronic project and the removal of some or all of the outdoor signs at the Bridges Golf Course and the appraisal of the signs. He stated that the proposals are $13,000 and $18,000, with Patchen, Mesner & Dodd submitting the lowest bid. He stated that the estimated completion date is March 15, 2005. He stated that he has had discussions with Jason Mesner to see if they could complete the appraisals in a quicker fashion, and they were able to rearrange their schedule to be able to complete it two weeks earlier, but it would cost $14,500 instead. Commissioner Flaherty asked what the appraisals would entail besides appraising the physical Mounds View EDA January 14, 2005 Special Meeting Page 2 aspect of the signs. . Economic Development Director Backman stated that they would also be evaluating the leases. Commissioner Flaherty asked whether they would also value what Clear Channel would require of the City to get out of the lease. Economic Development Director Backman stated that they would be looking at a variety of aspects, and that is why they were interacting with Kennedy and Graven as well. President Marty asked whether the signs were being looked at individually since there was speculation that possibly all the signs would not have to go. Economic Development Director Backman stated that he had asked for proposals on one, two, and all six billboards. President Marty asked if the appraisal would look at each sign’s purported value and the cost of the signs themselves. Economic Development Director Backman stated that it would be both. Vice President Stigney asked whether Clear Channel had come out with any figures or whether they were going to. Economic Development Director Backman stated that he would have to defer to City Attorney Riggs on that issue. City Attorney Riggs stated that the discussions hadn’t gone that far. He stated that they had information from Clear Channel showing what they had spent on the signs, what they believe the income will be, and what they believe the City will received from the signs, so they had a pretty good baseline. He stated that he assumed that they would do something like that. Vice President Stigney asked what the next step would be. City Attorney Riggs stated it would be to figure out what signs could remain or be relocated so that Clear Channel is still happy, and so the City and the EDA can move forward with the project. Vice President Stigney asked whether all the bases were being covered by this appraisal or whether something else would need to be done in the future. City Attorney Riggs stated that conceivably something could come up, but that this would Mounds View EDA January 14, 2005 Special Meeting Page 3 provide a good baseline. President Marty asked whether all the signs were up yet. Economic Development Director Backman stated that there are structures on all six sites, but they are not fully done. Commissioner Flaherty stated his concern over spending $14,500 on appraisals when they haven’t received a proposal yet from Medtronic. He stated his concern over the increase there has been in the taxes for the residents of Mounds View. Economic Development Director Backman stated that Medtronic had attended and spoke at the last City Council meeting, so that had been a good sign. He stated that both sides were spending money on this project, and that the AUAR was a process that needed to be done whether it’s for this project or another project. He stated that Medtronic had hired SRF to do a traffic analysis. President Marty asked whether this cost could be put into the purchase price for the land. Economic Development Director Backman stated that a variety of things could be placed into a development agreement such as this. He stated that the expenditure was TIF eligible, and that the TIF funds are in good shape. He stated they were just beginning the process to discuss what elements could be placed in a development agreement with Medtronic. President Marty asked if it was necessary to complete the appraisal two weeks early with a higher price tag. Economic Development Director Backman stated that it was necessary, and that there are a lot of aspects to this $65 million project. He stated that Medtronic would like to begin construction in September. He stated that he was working on a chart to determine when various issues need to be accomplished. He stated that there had been discussions regarding accomplishing the development agreement by the latter part of March, so these appraisals were needed by the end of February. Vice President Stigney asked if the appraisals would be time specific. Economic Development Director Backman stated that the appraisals would be like a snapshot in time. City Attorney Riggs stated that it would be relevant for the time period they were talking about here, but in two years they would have a basis to work off of from it. Vice President Stigney stated that the size and scope of this project is a once in a lifetime Mounds View EDA January 14, 2005 Special Meeting Page 4 opportunity, and that the Council should fully pursue it to whatever means they can. He stated that the whole purpose of TIF money is for economic development, and what larger project could there be in Minnesota right now than this particular project. President Marty stated that that was true, but they had had that experience with NCR where the City had spent a lot of money when they didn’t have a purchase agreement, and NCR had gone elsewhere. He stated his concern that Medtronic would go elsewhere if the State decided they couldn’t expand the bridge from two to four lanes going across 35W. Vice President Stigney stated that it was important to get this appraisal for any potential development on this site, whether it was Medtronic or another company. Commissioner Flaherty stated that this was being done for Medtronic. Vice President Stigney stated that the AUAR would be good for 20 years. Commissioner Flaherty stated that he had no problem with the AUAR because they needed to see what the potential of that area was. He stated he was looking for something concrete. Vice President Stigney stated that what is concrete is how much this project would increase the tax base for Mounds View. He stated that right now they are getting absolutely nothing. Commissioner Flaherty stated he was not against this project; he just wanted to see more information on it. Economic Development Director Backman stated that they are trying to get that information as quickly as possible. He stated that other developers have approached the City, and he has interacted with them and provided them with information. He stated if the project with Medtronic didn’t go through, he would be negotiating with others. He stated that the State is seriously looking at the interchange of 35W and County Road J, and they have awarded a $100,000 contract for doing additional evaluations encompassing that intersection. President Marty stated that the increase in City taxes was due in large part to the government assistance cuts and the referendum for the police officers. He stated that there are hard decisions that the Council has to make, and they are trying to figure out ways to ease the tax burden in Mounds View. He stated that if this particular deal doesn’t work, probably just an update on this appraisal would need to be done in the future at a nominal cost. City Administrator Ulrich stated that this is an action that is more specific to Medtronic because it’s at their request. He stated that the meeting on January 3rd was really the first time the Council had had an opportunity to hear about this proposal in more detail. He stated that this may or may not be valuable for a future project. He stated that they want to know what their risk 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 05-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. Mounds View EDA January 14, 2005 Special Meeting Page 6 Ayes-3 Nays-0 Motion carried. 7. REPORTS 8. NEXT EDA MEETING: Monday, January 24, 2005, 6:30 p.m. 9. ADJOURNMENT. President Marty adjourned the meeting at 5:20 p.m. Respectfully submitted, Recorded and transcribed by: Sheree Theobald TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting January 24, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:45 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Gunn, Flaherty and Marty NOT PRESENT: None. 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Stigney. To Approve the January 24, 2005 Agenda as presented. Ayes – 4 Nays – 0 Motion carried. 4. APPROVAL OF MINUTES A. January 10, 2005, Regular EDA Meeting Minutes. President Marty made a correction to page 2, line 87, where it should read “President Marty”. He stated it should be added to that paragraph: “President Marty questioned the 820,000 square feet because he had previously heard 500,000 square feet, and Mr. McCombs stated that they had determined for what they needed that they had increased it to 820,000 square feet. MOTION/SECOND. Stigney/Flaherty. To approve the Minutes of January 10, 2005 as amended. Ayes-4 Nays-0 Motion carried. B. January 14, 2005, Special EDA Meeting Minutes. President Marty stated that beginning at page 2, line 67, Commissioner Stigney should be referred to as Vice President Stigney throughout. President Marty stated that at page 9, line 205, it should state that, “President Marty stated he would like it communicated to Medtronic that they had amended the resolution and expended more city funds in order to speed up the timeframe.” Mounds View EDA January 24, 2005 Regular Meeting Page 2 MOTION/SECOND. Gunn/Flaherty. To approve the January 14, 2005 Special EDA Minutes as amended. Ayes-4 Nays-0 Motion carried. 5. CONSENT AGENDA A. Consideration of EDA Resolution 05-EDA-200, a Resolution Establishing the 2005 EDA Meeting Calendar (Backman) Economic Development Coordinator Backman stated that the calendar is paralleling the City Council meetings that occur during the course of the year. MOTION/SECOND. Stigney/Flaherty. To approve EDA Resolution 05-EDA-200, Establishing the 2005 EDA Meeting Calendar. Ayes -4 Nays -0 Motion carried. B. Consideration of EDA Resolution 05-EDA-201, Appointing Two Members of the Economic Development Commission (Backman) Economic Development Coordinator Backman stated that there are seven members that are traditionally on the Economic Development Commission, and that is composed of four resident representatives and three business representatives. He stated one of the business representatives, David Fox, has decided that he will not renew. He stated that an application had been received from Jerry Jaker, the Executive Director of the Minnesota Institute of Public Health, which is located on County Highway 10. He stated that another member, Tom Field, whose term had finished on December 31st would like to renew. He is a past Chair of the EDC and served two years in that capacity. MOTION/SECOND. Marty/Flaherty. To appoint Jerry Jaker and Tom Field to the Economic Development Commission. Vice President Stigney asked if MIPH was a nonprofit organization. Economic Development Coordinator Backman stated that it is a nonprofit organization that does pay property taxes to the community. He stated that Mr. Jaker has a strong interest in participating in economic development discussions, and in essence he runs the business because he has various people that answer to him. Vice President Stigney stated that his concern is that he is working with government dollars, and he asked whether in Coordinator Backman’s view he would be the best person to represent the City as far as business development. Mounds View EDA January 24, 2005 Regular Meeting Page 3 Economic Development Coordinator Backman stated that a good chunk of his dollars are from the insurance side of things, and that he deals with a variety of worlds in terms of that. He stated that this is a bit different than the Planning Commission in that those members need to be a Mounds View resident. He stated that a lot of people that run businesses in Mounds View don’t live in Mounds View. Vice President Stigney stated that most businesses in Mounds View are trying to make a profit, so they would be more interested in business development. He stated that Mr. Jaker’s willingness to serve is wonderful. He stated that if Coordinator Backman felt that Mr. Jaker would be a good fit for this position, then he didn’t have a problem with it. Economic Development Coordinator Backman stated that he had full confidence in Mr. Jaker. President Marty stated that he was impressed by Mr. Jaker’s application, resume, and background. Ayes-4 Nays-0 Motion carried. 6. EDA BUSINESS A. Resolution 05-EDA-202 Authorizing Payment of Pay-As-You-Go Developer Payments to Red Cent Management, L.L.C; Heartland-Mounds View Common Bond; Bridges Leasing Company; and Kenmark Partnership, L.L.C. Economic Development Coordinator Backman stated that twice per year there are payments that go to various projects, and these are developer payments for TIF projects. He stated that they are typically paid the 1st of February and the 1st of August annually. He stated that two of these payments are the final payments, so they will be down to two projects after this payment. Vice President Stigney noted that for ZEP Manufacturing, it’s listed as $8,123.39, yet in the Just and Correct Claims on page 21 he sees Kenmark at $3,886.24, and he asked why there was that discrepancy. Finance Director Hanson stated that that was part principle and part interest, and that the interest is on the next page. Commissioner Flaherty asked how much longer it would be on Heartland-Mounds View and the Century Bank. Economic Development Coordinator Backman stated that in terms of Silver Lake Point, that goes until the year 2012. He stated that in terms of Bridges Leasing, that would go until February of Mounds View EDA January 24, 2005 Regular Meeting Page 4 2006. He stated that the good news is that certainly frees up TIF dollars for other projects that they can use, so from a TIF financial standpoint, they were pretty strong on that. MOTION/SECOND. Gunn/Stigney. To approve Resolution 05-EDA-202 Authorizing Payment of Pay-As-You-Go Developer Payments to Red Cent Management, L.L.C; Heartland-Mounds View Common Bond; Bridges Leasing Company; and Kenmark Partnership, L.L.C. Ayes -4 Nays -0 Motion carried. 7. REPORTS A. Discussion regarding the Hardee’s Restaurant Redevelopment and Caribou Coffee (Backman) – verbal report. Economic Development Coordinator Backman stated that the volunteer representatives on the Economic Development Commission had ranked various projects in order of importance, and that they had ranked the Medtronic Corporate Campus as number one. Number two is the Skyline Motel Acquisition and Redevelopment. Number three is the Pak Building Redevelopment. Number four is the Hardee’s Restaurant Redevelopment and Caribou Coffee. He provided the Commission with a full list of the other projects. Economic Development Coordinator Backman stated that Hardee's is no longer having an interest in their location, and there has been a buy-out that was accomplished during the last week of December. He stated that there has a settlement regarding termination of Hardee’s lease. He stated that the western half of the building will be leased by Caribou Coffee. He stated that it would take a total of $376,000 to bring the building up to the standard they would want to have. He stated if you subtract out the Hardee’s buyout amount of $226,000 and you look at the pay back period, they are calculating that to be about six years. He stated that Caribou Coffee would like to have a payback period of three years. He stated that the cost difference or gap is $109,000. He stated he had brought this topic up to the EDC last Friday, and they had adopted a motion unanimously to move ahead and pursue all options, including potentially TIF and other types of assistance, but there was no dollar amount. Vice President Stigney stated it sounded to him like Caribou wanted to come in, but they want some assistance. He asked why they couldn’t work with their own money. Economic Development Coordinator Backman stated that without assistance, he thinks they would end up with very little enhancement to the building and the site. Vice President Stigney asked who was to say whether they wouldn’t do more things without assistance. Mounds View EDA January 24, 2005 Regular Meeting Page 5 Economic Development Coordinator Backman stated that he had seen another location in Vadnais Heights that was a converted Hardee’s restaurant, and it still looks like a Hardee’s restaurant. Vice President Stigney stated he had some reservations, and he asked how it was going to be paid back; whether it was going to be a pay-as-you -go or a tax abatement or a grant. Economic Development Coordinator Backman stated they hadn’t gotten down to specifics, but they have discussed a low interest loan as one option, and there could possibly be a combination of abatement or a small grant in there. He stated they hadn’t settled on what the development agreement would look like, but they have been having discussions, and they are interested in some assistance. Commissioner Gunn asked whether TIF dollars were supposed to be used for helping new businesses. Economic Development Coordinator Backman indicated that they were. Commissioner Flaherty stated he had a problem with going back to the people and asking them for $109,000 when they just had a tax levy that was double digits. He stated that this is an empty building sitting in a prime location, and they need to do something with it. He stated he thought they needed to take all avenues they can to see what they can do as far as alleviating any tax burden on the taxpayers. Economic Development Coordinator Backman stated that they are not talking about General Fund dollars, but TIF dollars, and that TIF monies are ZEParate and accounted for in a different way. He stated that in terms of TIF funds, there is a good fund balance. Vice President Stigney stated that he would be more inclined if they were going to borrow it from the City and pay it back. President Marty stated that a three-year pay back period had been brought up, and he thought this should be brought back to the EDA after they had talked to Caribou Coffee more, and possibly look at using TIF funds with a three-year payback period. He stated that by giving some assistance with pay-as-you-go with a three-year payback period, they would open the door to get some redevelopment and upgrade and similar upgrade in Mounds View Square. Commissioner Gunn stated that she agreed. Bill Werner, 2765 Sherwood Road, stated that he was there when Paster Enterprises opened that operation, and one of the things that they had promised was that the north end of the property was going to be attractive to the residents on the north side, and they never did a thing with it, Mounds View EDA January 24, 2005 Regular Meeting Page 6 and had put garbage cans out there and so on, so he didn’t have much faith in him doing anything more than he had done in the past. Economic Development Coordinator Backman stated that No. 5 was the Mounds View Square Redevelopment Market Feasibility Study, and he thought there would be other things that happen this year that may encourage them to look at redevelopment. He stated that it had been bantered about at the EDC level of what the highest and best use would be or market feasibility study. He stated it would be nice to have a niche grocery store or other services that they do not have in the community. He stated that he agreed that there has not been a lot of attention in terms of the exterior of the facility. He stated that perhaps this is one way to get the foot in the door and get them motivated to do some other things. President Marty stated perhaps Coordinator Backman could convey some of this discussion at the EDA meetings. Economic Development Coordinator Backman stated that he would. President Marty stated that No. 8, Exploration of Hidden Hollow Development Phase Two, was new to him. Economic Development Coordinator Backman stated that a number of the things on the list may be new to everyone, and they were trying to think out of the box a little bit about different ideas of what might happen both in terms of commercial, industrial, as well as residential. He stated he wouldn’t be surprised if the majority of the 17 homes planned were either under construction or built by the end of this year. He stated that Pro Craft Homes has been a good developer to work with. He stated that there is some other land in that area, and he thought Velmier would love to do a phase two, whether it’s adjacent there or elsewhere along the corridor. He stated they had received a letter from them stating that they had enjoyed working with the City and would like to do further work here. President Marty asked if it wasn’t Don Norquist who was the developer there. Economic Development Coordinator Backman stated that there were several people that were part of the team that was working with Procraft Homes, including Gary Nordness being one element of the team. Commissioner Gunn said not to lose this one. 8. NEXT EDA MEETING: Monday, February 14, 2005 Mounds View EDA January 24, 2005 Regular Meeting Page 7 9. ADJOURNMENT President Marty adjourned the meeting at 7:15 p.m. Respectfully submitted, Recorded and transcribed by: Sheree Theobald TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting February 14, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:30 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Flaherty, Thomas, Gunn, and Marty 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Flaherty. To Approve the February 14, 2005 Agenda as Presented. Ayes – 5 Nays – 0 Motion carried. 4. APPROVAL OF EDA MINUTES A. September 27, 2004 Regular EDA Meeting Minutes MOTION/SECOND. Marty/Stigney. To approve the September 27, 2004 Regular EDA Meeting Minutes. Ayes-3 Nays-0 Motion carried. (Commissioners Flaherty and Thomas abstained.) B. January 24, 2005, EDA Meeting Minutes. Commissioner Gunn made a correction to page 11, line 118. SEP should be ZEP. Commissioner Gunn made a correction to page 12, line 147. Pack should be Pak. Commissioner Gunn made a correction to page 13, line 211. Pastor should be Paster. Commissioner Gunn made a correction to page 14, line 238. Procraft should be Pro Craft. MOTION/SECOND. Stigney/Flaherty. To approve the January 24, 2005 EDA Meeting Minutes as amended. Mounds View EDA February 14, 2005 Regular Meeting Page 2 Ayes-4 Nays-0 Motion carried. (Commissioner Thomas abstained.) 5. CONSENT AGENDA A. Schedule an Executive Session immediately after this Consent Agenda to discuss and update the EDA on the Golf Course Redevelopment process. (Verbal Report). B. Schedule an Executive Session immediately after this Consent Agenda to discuss, develop, and consider an offer for the sale of real property commonly known as the Donut Connection. (Verbal Report). MOTION/SECOND. Gunn/Flaherty. To approve the Consent Agenda as presented. Ayes-5 Nays-0 Motion carried. The EDA recessed to Executive Session. President Marty stated that a discussion was held during Executive Session regarding Item A, and that further information is forthcoming, so this discussion will be continued at the next EDA meeting. President Marty stated that the EDA Executive Session would continue following the City Council meeting to further discuss Item B. 6. EDA BUSINESS None. 7. REPORTS None. 8. NEXT EDA MEETING: Monday, February 28, 2005. 9. ADJOURNMENT. President Marty adjourned the meeting at 7:10 p.m. Respectfully submitted, Mounds View EDA February 14, 2005 Regular Meeting Page 3 Recorded and transcribed by: Sheree Theobald TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting February 28, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:00 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Gunn, Flaherty, Thomas, and Marty NOT PRESENT: None. 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Flaherty. To Approve the February 28, 2005 Agenda as presented. Ayes – 5 Nays – 0 Motion carried. 4. APPROVAL OF MINUTES. A. February 14, 2005 – EDA Regular Meeting Minutes. MOTION/SECOND. Thomas/Stigney. To approve the EDA Regular Meeting Minutes of February 14, 2005. Ayes-5 Nays-0 Motion carried. 5. CONSENT AGENDA. A. Discuss, develop and consider an offer for the sale of real property commonly known as The Bridges Golf Course. (Verbal Report) B. Discuss and consider acquisition of real property commonly known as the Skyline Motel. (Verbal Report). President Marty noted that these two items would be discussed in a closed Executive Session. MOTION/SECOND. Gunn/Flaherty. To approve the Consent Agenda as presented. Ayes-5 Nays-0 Motion carried. Mounds View EDA February 28, 2005 Regular Meeting Page 2 6. REPORTS. Vice President Stigney requested comment on the results of the Donut Connection discussion held in the last closed Executive Session of the EDA. President Marty advised that the consensus had been that the City would not expend funds to purchase the property, but that they would try to advertise the property to other developers. Commissioner Thomas stated that they would be reviewing this in a few months. Commissioner Flaherty added that they would be contacting some developers to see if there was any interest. Economic Development Coordinator Backman indicated he had contacted two developers, and one of them has gone to look at the site and thought it may be a good location for a restaurant, and the other is pondering the situation. Economic Development Coordinator Backman reported that the ribbon cutting ceremony held last Saturday at the CVS Pharmacy had been well attended. Commissioner Gunn asked what the status of the Hardee’s building was. Economic Development Coordinator Backman reported that there is scaffolding completely surrounding the business, and that Pasture Enterprises is in the process of re-doing the corner. He added that Caribou Coffee is definitely coming in there, and there are ongoing discussions regarding some other food-related businesses to occupy the eastern portion of the building. Economic Development Coordinator Backman stated that both the TIF District legislation and the reverter clause legislation they had been seeking had passed in the Senate, and the House process will start tomorrow at 2:30. 7. Next EDA Meeting – March 14, 2005, 6:30 pm. ADJOURNMENT President Marty adjourned the meeting to Executive Session at 6:15 p.m. Following the closed Executive Session, at 7:00 p.m., President Marty noted that a further closed Executive Session would be held following the City Council Meeting. Mounds View EDA February 28, 2005 Regular Meeting Page 3 Respectfully submitted, Recorded and transcribed by: Sheree Theobald TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting March 14, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:00 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Gunn, Flaherty, Thomas and Marty NOT PRESENT: None. 3. APPROVAL OF AGENDA Economic Development Coordinator Backman stated that they should set a public hearing under No. 9 regarding the Medtronic project. MOTION/SECOND: Gunn/Flaherty. To Approve the March 14, 2005 Agenda as amended. Ayes – 5 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF EDA MINUTES A. February 28, 2005 Minutes President Marty stated they would check the time of adjournment of the last meeting later. MOTION/SECOND: Thomas/Stigney. To Approve the Minutes of February 28, 2005 as Presented. Ayes – 5 Nays – 0 Motion carried. 6. CONSENT AGENDA A. Schedule an Executive Session Immediately after this EDA Meeting to discuss and review an offer for the sale of real property commonly known as Mounds View EDA March 14, 2005 Regular Meeting Page 2 The Bridges Golf Course (verbal report). MOTION/SECOND. Gunn/Flaherty. To approve the Consent Agenda as presented. Ayes-5 Nays-0 Motion carried. 7. EDA BUSINESS A. Potential for Housing Development in the Laport Meadows Area and Discussion regarding the Ardan Park. (Verbal Report). Economic Development Coordinator Backman indicated that two developers have approached the City with discussions regarding a resident development in Laport Meadows. He stated that two of the issues for any project there would be the wetlands and the aspect of the noise. He stated that a key element that is needed is a wetland delineation study, which he estimates would cost around $4,000. He is reasonably confident that this would be an $8-$12 million development. He felt the City should undertake the study so they could control the information obtained. President Marty commented that he thought there had already been a wetland study done in this area. Director Ericson stated that a hydrology study had been done in 1998 as part of the golf course potential redevelopment process, but not a wetland delineation study. He mentioned that a wetland delineation study has a shelf life of three years. Commissioner Thomas asked how much of the property is in the MnDOT deed and if they would be dealing with MnDOT again. Economic Development Coordinator Backman stated it would be the northern portion of the Ardan Park area. He stated the City owns Ardan Park. Mr. Backman indicated that none of this property is in the MnDOT parcel. Commissioner Flaherty suggested talking to the landowners to get their thoughts prior to spending of any funds. Economic Development Coordinator Backman indicated he would be happy to send out a survey, but the wetland delineation study may come back showing that this area is not developable. City Administrator Ulrich mentioned that there are some questions on the survey instrument regarding Ardan Park, and the results will be back the first couple of weeks of April. Mounds View EDA March 14, 2005 Regular Meeting Page 3 Commissioner Gunn asked whether the developers or the City should contact the landowners. Economic Development Coordinator Backman stated he felt the onus should be put on the developers to contact them because they would be doing the developing. Director Ericson outlined other good reasons to do a wetland delineation study besides possible redevelopment of the area. Commissioner Thomas stated she didn’t see a good reason to pay for a wetland delineation study at this time when it could expire before they have a concrete idea about the property owners in the region. President Marty stated he agreed with Commissioners Thomas and Flaherty, and Coordinator Backman could report back to the developers and keep the Commission apprised of their efforts. 8. REPORTS President Marty stated the potential sale of the golf course was discussed in the closed session during the last meeting, and the discussion is still open and ongoing and will be continued following the EDA meeting. City Administrator Ulrich mentioned that the Skyline Motel property acquisition was also discussed at the last meeting, and the consensus had been to leave that as a developer-driven project as well. 9. NEXT EDA MEETING: Monday, March 28, 2005 at 6:00 pm PUBLIC HEARING FOR MEDTRONIC PROJECT: March 28, 2005 at 6:05 pm. 10. ADJOURNMENT President Marty recessed the meeting to Executive Session at 6:33 p.m. Meeting was continued after the regular City Council meeting and adjourned at 12:53 a.m. Respectfully submitted, Recorded and transcribed by: Sheree Theobald TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting March 28, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:00 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Gunn, Flaherty, Thomas and Marty NOT PRESENT: None. 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Flaherty. To Approve the March 28, 2005 Agenda as presented. Ayes – 5 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF EDA MINUTES A. March 14, 2005 Minutes Commissioner Thomas stated that on page 2, line 75, it should be inserted that, “Mr. Backman indicated that none of this property is in the MnDOT parcel.” City Clerk/Administrator Ulrich stated that the meeting had recessed at 6:32 p.m. and then continued after the regular City Council meeting, and adjourned at 12:53 a.m. MOTION/SECOND: Flaherty/Thomas. To Approve the Minutes of March 14, 2005 as Amended. Ayes – 5 Nays – 0 Motion carried. 6. CONSENT AGENDA Mounds View EDA March 28, 2005 Regular Meeting Page 2 A. Schedule an Executive Session Immediately after this EDA Meeting to discuss and review potential sale of real property commonly known as The Bridges Golf Course (Verbal Report). MOTION/SECOND. Gunn/Marty. To approve the Consent Agenda as presented. Ayes-5 Nays-0 Motion carried. 7. EDA BUSINESS None. 8. REPORTS President Marty reported that there had been more ongoing talks regarding finances and details about the Bridges Golf Course property. Commissioner Stigney reported that he and Economic Development Coordinator Backman had attended a legislative session last week dealing with TIF legislation for the golf course parcels, and there is continued discussion going to take place on that. Economic Development Coordinator Backman stated that the Ramsey County Board had adopted a resolution in support of the legislation in House File 310, and he passed out a letter that was received back from Mr. Bennett, the Commissioner who represents the Mounds View area. He stated that they will need to set a public hearing for April 11th. City Clerk/Administrator Ulrich stated that a motion would need to be made to set the public hearing for Medtronic, and that meeting had been pushed back for various reasons, so he requested that a motion be made and a public hearing be established for April 11 at 6:05 p.m. MOTION/SECOND. Thomas/Stigney. To establish a public hearing for April 11 at 6:05 p.m. for the Medtronic project. Ayes-5 Nays-0 Motion carried. Economic Development Coordinator Backman stated that public notice had been sent to the local paper, the bulletin, the Pioneer Press, and that will be published on March 30th. He stated that it says that citizens may see the proposed terms and conditions of the sale at Mounds View City Hall. 9. NEXT EDA MEETING: Monday, April 11, 2005 at 6:00 p.m. Mounds View EDA March 28, 2005 Regular Meeting Page 3 10. ADJOURNMENT President Marty recessed the meeting to Executive Session at 6:08 p.m. Respectfully submitted, Recorded and transcribed by: Sheree Theobald TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting April 11, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:00 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Stigney, Gunn, Flaherty, and Thomas NOT PRESENT: President Marty. 3. APPROVAL OF AGENDA MOTION/SECOND: Flaherty/Thomas. To Approve the April 11, 2005 Agenda as amended. Ayes –4 Nays – 0 Motion carried. 4. PUBLIC INPUT Dave Jahnke asked if they would be able to ask questions after Medtronics explained their project. Vice President Stigney stated that they could. 5. APPROVAL OF MINUTES. None. 6. CONSENT AGENDA None. 7. EDA BUSINESS A. 6:05 pm. Public Hearing for the purpose of considering the proposed sale of land comprising The Bridges in the City of Mounds View to Medtronic, Inc. Vice President Stigney asked if the public could limit their comments to three minutes apiece since there were so many citizens in attendance. He stated that this is primarily an informational Mounds View EDA April 11, 2005 Regular Meeting Page 2 meeting. Economic Development Coordinator Bachman informed that last year the Mounds View City Council considered various alternatives to operating the golf course as is, and one option included the sale and redevelopment of the site. He stated that the Council’s priority was to enhance the City’s financial position, and the debt associated with the golf course is about $4. He stated that Medtronics has indicated they would like to build a new Cardiac Rhythm Management Campus, and that the first phase involves the construction of 820,000 square feet of office space in several buildings. He stated that the City Council authorized staff to pursue various actions, including commitment research, wetland delineation study, commercial appraisal, boundary and topographic surveys, and alternative urban area-wide review process, and a comprehensive plan amendment. He indicated the sale price of the property is $8.65 million, which excludes park dedication and other customary fees. He stated that the reverter clause legislation was introduced as passed the Senate and is working its way through the House. As part of the legislative process, a payment to the Minnesota Trunk Highway Trust Fund has been negotiated with Medtronic agreeing to contribute $1 on behalf of the City. He stated that Tax Increment Financing legislation for the project has passed the Senate and awaits House action. He stated it is projected that increment generated would result in total payments to Medtronic of between $14 and $15 million over 25 years for eligible development costs. This is only 34 percent of the property taxes Medtronic will pay; the rest goes to the state. He stated that negotiations will continue with Clear Channel regarding the removal and relocation of some or all of the billboards. He stated that a traffic impact study reviewing traffic information costs and capacity analysis for the proposed Medtronic development was completed. Phase 1 development is projected to generate 8,300 vehicle trips a day onto County Road J. Ramsey County will be taking the lead in the road improvements and is currently preparing an RFP for design work. He stated that Governor Pawlenty signed the state bonding bill this afternoon, and appropriations are in the bill to provide funds to improve County Road J and other roads impacted by Medtronic and other developments in Blaine and Shoreview. He stated that the Mounds View EDC supports the redevelopment of the Bridges and ranks the Medtronic campus as the number one economic development priority, the reason being that private industry represents the engine of economic development. Business creates services, products, income, employment, and tax base. He stated that Medtronic is a solid business, and last year its sales grew 16 percent. He stated the office complex would be Medtronic’s largest in the world, and it would pay its employees an average of $70,000 per year for high quality jobs. He stated that the City’s proposed assistance as outlined in the handout is commensurate with Medtronic’s capital investment, job creation and wages. David Etzwiler, Senior Director of Government Affairs for Medtronic, stated that Medtronic is a company providing long life solutions for the treatment of chronic disease. He stated their roots were in the treatment of heart disease, but in the last five to six years the company has significantly diversified. He stated that Medtronic has 33,000 employees world-wide and does business in 120 different countries. He stated there are approximately 6,800 employees in Mounds View EDA April 11, 2005 Regular Meeting Page 3 Minnesota, and they are adding approximately 300 employees a year in Minnesota. He stated that Medtronic has been named on Fortune’s list of employer benefits six times and has been named one of Fortune’s 100 most admired companies seven times, including the latest listing. In addition, Business Week recently named Medtronic’s Board of Directors one of the ten best boards in corporate America. He stated Medtronic is proud of the work they do in the community, and they are a founding member of the Med Keystone Program and provide 2 percent of their domestic pre-tax dollars back to the community in the form of philanthropy. He stated that the master plan for the Mounds View site is to provide 1.5 million square feet in the future. He stated that accounting, sales, education, legal, marketing, and research and development jobs would be housed in the facility. He stated that the reasons for wanting to build in Mounds View are its central location and transportation options. Vice President Stigney opened the public hearing. He stated that written comments could be given to staff. John McKusic, 8465 East River Road, stated he has been in Mounds View for 30 years, and he is against Medtronic and for the golf course. He stated there are other locations that Medtronic would choose, and he questioned how many Mounds View residents would be working there. He stated that the golf course is a good asset for the youth. He stated that by the time all this money is spent to get Medtronic in there, all of that money could have gone toward the golf course. He stated that as soon as Medtronic located in Fridley, a lawsuit had started because they wanted to cut down their square foot costs, so he didn’t think this was a good deal. Nyle Rolfer, 7945 Long Lake Road, stated he has been a resident for 44 years, and he is not in favor of giving Medtronic money. He stated he paid for his own sewer over 20 years. He stated he didn’t know if anyone had seen the paper that was floating around, and he didn’t know if it was true or not. Council Member Stigney stated the Commission wanted questions regarding the Medtronic’s proposal rather than reading something that may not be factual. Mr. Rolfer asked what percentage of the buildings in Mounds View are TIF financed. Council Member Stigney asked whether he had any questions that were relevant to Medtronic. Mr. Rolfer stated that the golf course is about the only thing left in the city. He stated there are thousands of acres if you drive up 35W and turn off on Lexington. Mr. Rolfer submitted a piece of paper to the Commission. Duane McCarty, 8060 Long Lake Road, stated that Minnesota is very fortunate to have Medtronic in the state, and they are one of the premier companies in the entire country. He stated Mounds View EDA April 11, 2005 Regular Meeting Page 4 an important part of the discussion is that this hearing is to get information to the Council, and for the Council to take some time to look that over, and not to make a hard and fast decision this evening. He stated that he is opposed to TIF, and in his eight years as mayor, he didn’t do a single TIF. He stated that at one time TIF served a good purpose and was necessary for economic development. He stated that Mounds View’s TIF percentage of commercial industrial is one of the highest in the Twin City area, and that means they are pre-empting tax revenue from not only the city, but other districts as well, and in particular the school district. He stated the Council should get input from the School Board on how TIF affects their operations. He stated that the franchise fee issue is quite a debate at the legislature at this time, and he had read that the applicant is willing to pay the franchise fee. He stated that the label of fees is on its last days. He stated the taxpayers and many of our representatives in the legislature at this time are working very hard to make sure that taxation is not only fair, but it’s up front where everybody can see it, so he wouldn’t count on the franchise fee. He asked the Council to slow down a little bit, and step back and take a harder look. He submitted some written comments to the Commission. Economic Development Coordinator stated that the water and sewer would be connected to the city utilities from the south under Highway 10, and there would be a franchise fee generated from that. He stated that currently the whole property is tax exempt right now, and there would be a base that would generate revenues, and that base would be approximately $8 million. Kevin Griffin, 8161 Red Oak Court, stated he has been a resident since 1988, and he stated he is in support of the golf course. He stated he owns an underground construction company, and he brings clients to the course and frequents the restaurants in Mounds View. He cautioned the Council to exercise caution on committing any type of tax incentives for this project or any type of project, especially to insure that there are guarantees or security in place that that type of funding will be recovered in the future. He encouraged the Commission to pursue other alternatives to reduce the debt of the golf course. Greg Holee, 8192 Groveland Road, stated he is an admirer of Medtronic, but he and his wife are golfers, and he thinks it’s a wonderful amenity. He stated it’s a nationally recognized facility, and awards have been won for the youth development. He stated it would be a huge sense of loss for the community to lose that facility. Cindy Carlson, 2215 Kenwood Court, Maplewood, stated she is in favor of the proposed acquisition by Medtronic. She stated she has participated in golfing at the Bridges, but she feels it’s a tremendous opportunity to sell this property to Medtronic. She stated that not only is Medtronic involved in a lot of different philanthropic activities that benefit the state and many of the residents, but they also participate very actively in the community through the Twin Cities North Area Chamber of Commerce in various committees on the Board of Directors and in various fundraisers. Dan Hall, 12860 Lever St, Blaine, stated that he has been operating the Mermaid in Mounds Mounds View EDA April 11, 2005 Regular Meeting Page 5 View since 1972 and lived in Mounds View for 11 years. He stated the Medtronic has been a customer of his for over 20 years. He stated that the image of having Medtronic in Mounds View would be good for the community. He stated he is planning a hotel addition because of Medtronic moving in. He stated if it wasn’t for the golf course, Mounds View might not have a 4 percent franchise fee that everyone is paying right now. He stated that the gas utilities for the Mermaid alone is $150,000, and 3 percent of that goes to the franchise fee for NSP. He stated that bringing Medtronic in is going to be worth over $100 million to the tax base, even if 35 percent of it is being paid by TIF over a 25-year period of time. He stated that that leaves $75 million worth that is going to be entering the tax base that is going to be paying the school district, going to taxation, and that might even put a separate coffer in for new roads to be built in Mounds View. He stated he would stand behind Medtronic coming in 100 percent. Tim Mazzoni, 1520 – 23rd Avenue NW, New Brighton, stated he is a retired professor from the University of Minnesota, College of Education, Human Development, and he wanted to speak for the kids in the area who find that golf course to be a wonderful opportunity involving skills, attitude, and behavior, which are attributes prized by adults. He stated the youth program there has been recognized at the state and national levels, and it works for the youth. He applauded Medtronic for the kind of company it is, but there will be thousands of youth using the golf course in the future. Shannon Meyer, 11363 Fergus St., Blaine, stated she is the President of the Twin Cities North Area Chamber of Commerce, and she felt that as far as economic development, the Medtronic facility would not just bring a business to the community, but it would enhance the local communities with increased traffic, and it would increase the number of students attending the schools. She stated there are many positives for the golf course as well, but they need to focus on the fact that there are numerous golf courses, including the golf course in Blaine and the National Youth Golf Course, which was specifically built for children. She encouraged the Council to look at the Medtronic site as a wonderful asset to the community. Tom Field, 8409 Knollwood Drive, stated he is in support of pursuing investigation of the Medtronic sale. He stated property taxes had increased 25 and 30 percent in the past two years, and they need to bring some businesses back to Mounds View. Dave Jahnke, 8428 Eastwood Road, stated he is in favor of Medtronic because it’s a good company, and it is a clean business. He asked what the survey result was. Vice President Stigney stated that the survey result showed 63 percent of the people supported development of Medtronic. Mr. Jahnke stated that Medtronic doesn’t depend on the weather, and the golf course is over $4 million in debt to the city. He stated that Medtronic would be a very solid investment, and he wouldn’t foresee them not making money. Mounds View EDA April 11, 2005 Regular Meeting Page 6 Valerie Amundson, 3048 Woodale Drive, stated she has lived in Mounds View for 27 years and was concerned with property taxes. She stated that even before starting the road projects, they are already being taxed more than any of the neighboring cities in Ramsey County. She stated that new employees at the Medtronic facility won’t necessarily want to live in Mounds View. She asked the Council to look at the numbers carefully. She stated Medtronic is a great business, and she applauded them for the work they do, but they need to not price the Mounds View residents out of being able to afford to live in the city. She stated that TIF financing may not be the greatest thing for the residents and their property taxes. Vice President Stigney stated he appreciated her comments, and they were looking at trying to lower the taxes, and that is why they are looking at Medtronic. Mary Burg, 224 Heritage Lane, New Brighton, stated she works at the Bridges Golf Course. Vice President Stigney asked whether she was representing herself as an individual or as an employee of the City or as a resident of New Brighton. Ms. Burg stated she is representing herself and as an employee. She stated that some of the numbers that were quoted are inaccurate. Vice President Stigney stated that no figures have been presented on the golf course. Ms. Burg stated that she was going to comment on Mr. Jahnke’s numbers that he was quoting from the survey, and he had mentioned that 63 percent had wanted the golf course to go away. She stated it needs to be said that it was in the survey that if the golf course had to be supported by the General Fund, would you want it to go away. She stated as an employee of the golf course, she didn’t think that was acceptable to accept that the General Fund would support that amenity, and that isn’t what is being proposed in any way, shape, or form. Vice President Stigney stated that the question on the survey is not something they are discussing tonight. Ms. Burg stated that Mr. Jahnke was not cut off when he talked about it. Vice President Stigney stated that Mr. Jahnke was speaking about the overall debt of the golf course. Ms. Burg stated that half of the people would like to see the golf course go away if it costs them money, and the other half said they would prefer to keep the golf course. Vice President Stigney stated that there are three questions on there, and two questions said 63 Mounds View EDA April 11, 2005 Regular Meeting Page 7 percent of the people wished to have the Mounds View golf course redevelop or sold for redevelopment. He stated that when she is correcting figures, he understands what she is doing, but that’s a different question altogether. He asked if she had a comment that was germane to the Medtronic development. Ms. Burg stated that she would like to see the City do a cost benefit analysis of the two projects because she has not seen them. Vice President Stigney stated that they haven’t either, and it’s in the process, and they will all see if before they take any action. He stated that wanted to bring people up to date on the status of where they are on the proposed Medtronic development, and they don’t have all the answers in. He stated when they are here, they’ll probably do a continuation to April 25th, by that time they’ll have more information available. Jerry Kahn, 2833 Crestway Drive, stated that he supports the golf course. He stated that once that land is gone, he is not aware of any other developable land in Mounds View available for a golf course. He stated that the City of Mounds View needs it for their families and children. Brian Amundson, 3448 Woodale Drive, asked if someone could clarify how much of the property the City or the EDA is seeking to put into TIF, if any of it. Economic Development Coordinator Backman stated that 72 acres would be in the TIF district. Mr. Amundson asked if that was the entire property, and Coordinator Backman stated that it was. Mr. Amundson stated that that will add 23 percent of the total property that is currently in TIF. Economic Development Coordinator Backman stated it might change it 2 percent. He stated that you have to bear in mind that they are talking about the value as well, and that value right now is about $8 million for base value. He stated that in addition, last summer they decertified 80 parcels, so they are in the process of putting some of the parcels back onto the tax rolls. Mr. Amundson asked if the projected tax base value of $2 million is net to the city over five years. Economic Development Coordinator Backman stated it would be approximately $4 million over 25 years, $2 million net present value. Mr. Amundson asked if from a financial standpoint when calculating the benefit of Medtronics moving into the City it was $4 million. Economic Development Coordinator Backman stated there is much more than that. He stated Mounds View EDA April 11, 2005 Regular Meeting Page 8 they are talking again the base value, so right now there is nothing, and it’s tax exempt. He stated that normally when there is a property that is taxable and it goes to tax to a TIF situation, there is base, and it goes up from there. He stated in this case it’s zero right now, so there will be $8 million that will have a base value, and that will generate about $150,000-$160,000 a year in taxes for various jurisdictions, but there are other things beyond that, but that is an example of one element. Mr. Amundson asked if that $160,000 is already in the $4 million net to the City, and Coordinator Backman stated that that was correct. Mr. Amundson asked if the net was $4 million of benefit to the City, and Coordinator Backman stated that that was correct for that piece. Mr. Amundson gave some written comments to the Commission from Barb Haake. Gary Nordness, 55 Dierdel Circle, North Oaks, stated he was in favor of Medtronic. He stated he was very familiar with tax increment financing. He stated that from other areas that he’s worked with TIF before, traditionally there is some additional tax value on the appreciation of the structure. He stated that if it is, they are going to go from a zero tax base to a significant tax base, and they will be utilizing the property to its highest and best use. He stated they would be bringing in one of the most renown companies in the world, and he didn’t know why they wouldn’t do it. Vice President Stigney closed the public hearing. MOTION/SECOND. Gunn/Flaherty. To continue the public hearing to the next EDA meeting on April 25, 2005. Ayes-4 Nays-0 Motion carried. 8. REPORTS None. 9. NEXT EDA MEETING: Monday, April 25, 2005. 10. ADJOURNMENT Vice President Stigney adjourned the meeting at 6:55 p.m. Respectfully submitted, Mounds View EDA April 11, 2005 Regular Meeting Page 9 Recorded and transcribed by: Sheree Theobald TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting April 25, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:00 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Gunn, Flaherty, Marty and Thomas NOT PRESENT: Stigney. 3. APPROVAL OF AGENDA MOTION/SECOND: Flaherty/Gunn. To Approve the April 25, 2005 Agenda as presented. Ayes – 4 Nays – 0 Motion carried. 4. PUBLIC INPUT Duane McCarty, 8060 Long Lake Road, referenced the Consent Agenda, Item A, the Closed Executive Session scheduled for this evening to discuss the potential sale of the golf course property and asked if anyone else, besides the City Council, would be in attendance. He asked if anyone, such as a potential buyer, would be present and whether this is a meeting to determine the asking price or to actually negotiate the sale of the property. President Marty acknowledged Mr. McCarty’s concerns and clarified that the intent of the meeting is for City Council discussion. He assured Mr. McCarty that no potential buyers would be present at the closed Executive Session meeting. 5. APPROVAL OF MINUTES A. EDA Minutes March 28, 2005 MOTION/SECOND: Thomas/Flaherty. To Approve the Minutes of March 28, 2005 as presented. Ayes – 4 Nays – 0 Motion carried. Mounds View EDA April 25, 2005 Regular Meeting Page 2 B. EDA Minutes April 11, 2005 Commissioner Gunn stated that on page 1, line 26, a word missing the letter ‘e’. It should read ‘Dave Jahnke asked if they would ‘be’ able to ask questions…’ President Marty noted that he did not attend the April 11th meeting but did review the tape. He clarified that Mary Burg spoke before the public hearing was closed and her comments were not reflected in the minutes. He stated that Ms. Burg’s name is misspelled throughout the minutes and should be changed from ‘Berg’ to ‘Burg’. MOTION/SECOND: Thomas/Flaherty. To Approve the April 11, 2005 Minutes as amended. Ayes – 3 Nays – 0 Abstain – 1 (Marty) Motion carried. 6. CONSENT AGENDA A. Schedule an Executive Session immediately following the April 25, 2005 City Council Meeting to discuss and consider the sale of real property commonly known as The Bridges Golf Course, and a buyout offer of the billboard signs (Verbal Report). MOTION/SECOND: Gunn/Thomas. To Approve the Consent Agenda as presented. Ayes – 4 Nays – 0 Motion carried. 7. EDA BUSINESS A. 6:05 pm. Continuation of the April 25, 2005 Public Hearing for the purpose of considering the proposed sale of land comprising The Bridges in the City of Mounds View to Medtronic, Inc. President Marty stated that this is primarily an informational session to answer questions that came out of the last EDA meeting. He asked the public to limit their comments to three minutes each noting that the meeting has been extended 7:45 p.m. because of the time constraints they experienced at the last meeting. He stated that this public hearing would be continued at the next EDA meeting and would be before City Council on Monday, May 9, 2005. He stated that he has had discussions with City Clerk/Administrator Ulrich and based on these discussions an additional, open EDA meeting would be scheduled, at a later date so that they would not have any time constraints due to the City Council meeting. City Clerk/Administrator Ulrich explained that Staff and Council have reviewed the questions and compiled answers that would be reviewed this evening. He stated that Ehlers and Associates Mounds View EDA April 25, 2005 Regular Meeting Page 3 are present this evening to provide the Commission and public with an overview of the golf course numbers, how much money is generated through the billboards and its future financial value to the City. He clarified that this meeting is to review the golf course numbers noting that numbers associated with the Medtronic project would become public and discussed at a future EDA meeting. City Clerk/Administrator Ulrich reviewed the following questions and provided clarification and answers: • Question: Clarify the percentage of taxable properties in tax increment districts. o Answer: Currently 16.9% for 2005 and 21.53% in 2004. • Question: How much do TIF districts gain when it goes into tax increment? o Answer: City Clerk/Administrator Ulrich explained that it does not go directly to the General Funds in support of the community. He stated that last year $1.8 million was tax increment\tax capacity and the prior year was $1.58 million. He stated that Tax Increment District 1, which covers the southeast area of the City and the Industrial Park area, expires in 2013, District 2 expires in 2015 and District 3 expires in 2014. • Question: What are the percentages if the Medtronic project numbers are added to the proposed development. o Answer: City Clerk/Administrator Ulrich stated that Medtronic would be 24.5%. He stated that no decisions have been made with respect construction costs noting that the tax increment would be subjected to a cap. • Question: Where do they rank in terms of the highest percentage and TIF? o Answer: City Clerk/Administrator Ulrich stated that the City of Mounds View is ranked 1st in the State for TIF noting that in terms of percentages the City was ranked 1st for 2005. • City Clerk/Administrator Ulrich clarified that the Bridge is part of TIF District 3. He indicated that the Legislation proposes to expand the district up to four districts to accommodated the subsequent phases of Medtronic. He indicated that 40-acres would be deeded to the City with the provision that the land would be used for public purpose. He stated that Legislation would remove the requirement to allow sale of the property. • Legislation Update: City Clerk/Administrator Ulrich explained that the Capital Bonding Bill is necessary for the improvements required for County Road J, the Interchange and Airport Road. He noted that the monies for the project are included in the current Capital Bonding Bill, if the project goes through. • Question: Is it possible for property to be developed without tax increment. o Answer: City Administrator Ulrich confirmed stating that it is possible to develop this site without tax increment. He stated that it is expensive but not prohibitive to do the project without tax increment funding. He stated that it would cost approximately $400,000 to bring water and utilities to the site noting that Medtronic would pick up the costs within the site. • Question: What are the sources of funding? Mounds View EDA April 25, 2005 Regular Meeting Page 4 o City Clerk/Administrator Ulrich indicated that the likely sources for funding would include the current tax increment pool; tax increments generated by the site in terms of fees; and capital funds from the Enterprise Funds. He stated that there would not be any interruptions to the businesses located along County Road J during the construction. He stated that the Franchise fee, which is estimated to be $80,000, is approved annually by the City Council adding that there is no guarantee that it would continue for the 25-year timeframe. • Question: Costs to provide Police and Fire services to the property. o Answer: City Clerk/Administrator Ulrich stated that in reviewing the spreadsheets the initial costs to provide service would be approximately $30,000 with an additional $50,000 in administrative costs, over time, to service approximately 3000 employees. He noted that Medtronic has an onsite security force, which would help reduce costs. • Question: How much has been spent so far exploring and researching this project. o Answer: City Clerk/Administrator Ulrich stated that the City has spent $221,000. He stated that 60-percent of the cost relates to the development of the project and land surveys and 40-percent is specifically for Medtronic to run the numbers for the project. • Question: What is the status on the Billboards? o City Clerk/Administrator Ulrich stated that they are currently in negotiation for the best deal for the City in terms of the least cost. He noted that of the 72 acres from MnDOT, 32 acres is currently transferable and they have title for the land. He stated that over the last couple of years the City has been reviewing options to enhance the City. He stated that one of the issues has been the golf course because of the situation it was in prior to the revenue it gained from the billboards. He stated that at this time, in reviewing the Medtronic proposal, the City is emphasizing this. He assured the Community that the City is not pursuing anything else at this time due to the ongoing negotiations. City Clerk/Administrator Ulrich stated that there has been some discussion about the possibilities of Phases 2 and 3 of the Medtronic project being developing in Blaine. He noted that Medtronic has indicated that it is their desire to also develop the Phase 2 and Phase 3 campuses in Mounds View, as there would not be a tax increment back to the developer if developed in Blaine. He stated that there would be a significant park dedication of $600,000 proposed for the project that would be donated by Medtronic to the Park Dedication Fund. He indicated that $160,000 of the funds would be used for the former Cisco property. He stated that the Concepts are available to the public for review noting that it includes both the walking trails and the environmental park. City Clerk/Administrator Ulrich stated that this hearing is one of several that will be held on this issue. He emphasized that a decision has not yet been made. He stated that Staff is keeping the best interest of the City at heart while working through the process with Medtronic. He clarified that the City Council provides direction to Staff throughout the negotiation process and are a part Mounds View EDA April 25, 2005 Regular Meeting Page 5 of the final decision. City Clerk/Administrator Ulrich stated that the City first learned of this development in July 2004 when the City was first approached with the proposal. He stated that Medtronic indicated that they found serious problems with the development of the site in New Brighton two to three months before approaching the City of Mounds View. He stated that he does not know if negotiations are occurring at other sites. Jerry Linke, Former Mayor, asked how much staff time has been devoted to this project. City Clerk/Administrator Ulrich stated that over the last month staff has devoted approximately 1400 hours noting that Director Ericson has devoted a significant amount of time to the project but the majority of hours involved a variety of staff members. City Clerk/Administrator Ulrich stated that the plan is to review the golf course numbers, get feedback from the Community; and determine the current situation. He stated that once they know all of the development numbers and can compare, an analysis would be done. He stated that the results of the analysis would be discussed at future meetings. Stacy Kilvang, Ehlers and Associates, provided the Commission and Community with a brief background, history and update on the financing of the golf course. She stated that they have designated as an Enterprise Fund that would be self-sustaining with the hopes of bringing cash and dollars back to the City funds. She stated that there is a need to be realistic and conservative when forecasting the budget in addition to knowing and understanding the market. She stated that, as a City, they should try to determine where the golfers are coming from and also determine how to stay competitive. She noted that golf is a weather dependent sport and the best dates are May through August. She stated that the golf course opened in 1995, financed with revenue bonds. She explained that it was found that the revenue generated was only covering operating costs and was not sufficient enough to also pay off the debt. She stated that in 2002 and again in 2004 a billboard was negotiated with Clear Channel to help offset the debt. She stated that in 2002 the City began to offer an interfund loan, which will be in effect from 2002 to 2012, to help cover the operating losses. She explained that an interfund loan does increase annually noting that the intent, in theory, is to have the City interfund loan paid in full by 2018. She provided the Commission with a historical overview of the gross revenues from 1995 through 2004 noting that they are seeing a trend, from 2002 to 2004, showing an increase in the revenues. She indicated that it is falling short by a little noting that that the billboard and the interfund loan are what is making the City flush. She noted that the loan was large in 2002/2003 stating that it would decrease annually until it is finally paid back in 2018. She stated that the most realistic projects come from reviewing the bottom line best-case scenario noting that they are currently reviewing 2019 and 2033 and again at the end of the 25-year term. She indicated that they have retained earnings each year noting that this is a cash balance brought forward that must be kept in a reserve account until paid. She provided the Commission with an overview of the operating revenue and expenses noting that they are under budget by approximately Mounds View EDA April 25, 2005 Regular Meeting Page 6 $3500.00. She stated that one item not accounted for or considered is the major capital improvements that would be needed over time. She explained that City Council would have to make decisions on the financing for these improvements as they come up in the future. She stated that at the end of the term, 2033, it shows a projected $6.4 million would be retained in earnings. She stated that while weighing the pros and cons of the future they have discussed what would happen to the property when it goes from an exempt status to a taxable status noting that the County Assessor would be required to obtain a current market value of the property. She stated that the base value breakdown, tax generated back to city, shows a base property value $7.2 million. She explained that this value comes from Ramsey County records and provided the Commission with an overview of the total base tax generated and the breakdown to the City General Fund, School Funds and Other Tax Jurisdictions. President Marty opened the public hearing at 6:42 p.m. President Marty stated that the Commission would try to answer questions tonight, if not, answers would be provided at the next meeting. Jerry Linke stated that for someone to say that he is anti-business and anti-development is far from wrong. He commended City Clerk/Administrator Ulrich for the good job on his clarifications and asked for a copy of his report. He acknowledged that the City has a very tough decision to make noting that currently they have nothing to go on to make that decision. He urged the Commission to review other Communities to see how they have addressed these concerns. He stated that the City of Fridley did an Economic Feasibility Study to determine the benefits of having Medtronic in their area and found there were no benefits for the Community. He asked why they are placing TIF on a company that has more money in their slush fund than the City does for it’s own operating expenses. He noted that the current TIF districts are all for a fifteen year timeframe because most buildings would require remodeling at the end of a fifteen year period. He referenced the billboards and proposals and asked if there is a way that the Community could find out the proposed numbers being discussed. He referenced the statement that Blaine would not give Medtronic TIF for Phases 2 and 3 and asked if the $167,000 is what is generated for a year in taxes or does this occur later. City Clerk/Administrator Ulrich explained that the numbers are based on the base value of the land being frozen from tax exempt to taxable property. He stated that it would net the City approximately $167,000. Barbara Haake, 3024 County Road I, thanked the Commission and Ehlers Associates for the opening presentation. She stated that she appreciates hearing the facts and figures noting that she is currently neutral on the issue. She stated that she is waiting to get all the facts before making a full statement about the project and acknowledged receiving emails from Sherry and Roger. She referenced Fridley noting that it was eluded to that the Assessor wanted to assess Medtronic $132 per square foot, so Medtronic went to Anoka County, who offered an assessment of $109 per Mounds View EDA April 25, 2005 Regular Meeting Page 7 square foot. She stated that it is her understanding that Medtronic wants an assessment of $80 per square foot and capped. She asked if this would be included as part of the negotiating notice. She asked what happened to the 10-percent Park Dedication Fee and would the 10-percent be paid in land or cash. She asked if the $167,000 would be used to place trails around Cisco and would the trails be open to the public for use. Aaron Ojard, 11361 North 6th Drive, stated that he has been serving in the Navy for ten years now noting that he learned to play golf as a young boy at the Bridges. He stated that the discussions should also include the tangibles that Medtronic can’t offer, which is the ability to offer families time together. He noted the talk that the market is saturated in this area with respect to Par 3 courses in this area and asked the Commission what course he could take his son to where he would not be harassed for playing too slow. He stated that The Bridges is a family- oriented course and encouraged the Commission to keep family activities in mind when making their decision. Duane McCarty, 8060 Long Lake Road, noted that it appears the City is doing a considerable amount of number crunching after decisions have already been made. He referenced the numbers and estimates noting that he has done a bit of his own research. He stated that according to the last report issued by the League of Minnesota Cities, the City of Mounds View’s TIF history, as it compares to other Cities, has been very high. He stated that in the latest report, 2003, it shows that the City is still staying in the upper numbers as far as tax capacity tied up in TIF. He asked what the golf course’s worth would be in terms of a recreational facility and as a quality of life issue. He stated that it is his assumption that the revenue from the billboards would get the golf course into a position of self support noting that the Commission should also consider what would happen with Silverview Park if the billboards don’t bring in enough revenue to cover the maintenance. He stated that if the City can reasonably retain the golf course he urged the Commission and City to do it. Peter Martin, 21902 Parkwood Drive stated that he has been playing competitive golf in the PGA circuit for many years noting that as he plays competitive golf around the State people do ask where The Bridges course is located. He congratulated them stating that they have a wonderful golf course that they have managed to find a way for it to be economically viable. He stated that this is a golf course where seniors can play juniors, men and women together and young children can learn the sport of golf. He expressed his agreement with Mr. Ojard that the children are the future for golf and the Community. He stated that this is the best and highest use of the land and urged the Commission to keep that way. Tom McKay, 2625 Hilde Road, stated that the golf course was primarily built as a community course noting that the City is now trying to extract a profit from tax dollars. He stated that he does not agree with this process noting that the golf course creates jobs for the community whereas Medtronic would employ the same people regardless of their location. Dave Mitchell, 5493 Quincy Street, stated that he has lived in this area all of his life and likes Mounds View EDA April 25, 2005 Regular Meeting Page 8 where The Bridges is located. He stated that it is not a Par 3 course but is one of the longer courses in the metro area. He stated that he enjoys The Bridges due to the length of the course. He acknowledged that the project would bring some revenue to the City adding that it would also bring an increase in traffic. He expressed concerns about the amount of traffic this project could generate noting that for a company of this size, there a many nice locations along the highway that are already vacant and available for purchase. He expressed frustrations stating that it was his thought that the City wanted green space and it appears that with this project they are now getting rid of it. He encouraged the Commissioners to consider the value of open space adding that he does not see this project creating any jobs specifically for Mounds View. He stated that the park Medtronic proposes to develop appears to be for their employees and asked if the public would be able to take advantage of the park too. He stated that access to the proposed park would be difficult and encouraged the Commission to keep the golf course. He stated that he couldn’t see giving away the store to one of the wealthiest companies in the country. Shannon Meyer, 11363 ?? Lane, President of the Twin Cities Local Chamber of Commerce, stated that the facts show that golf courses provide a quality of life not found anywhere else. She stated that the State of Minnesota has one of highest number of golf courses, per capita, in the nation noting that the supply of golf courses has been outpacing the demand for play and this trend is expected to continue. She explained that the Twin Cities North Chamber collected information on the courses in the north metro and found, over a five-year period, that the number of rounds played has declined by 19.5-percent, on average. She noted that The Bridges is 50% more, on an average; over the other courses adding that part of the information shows that 27- percent of the golfers come from Mounds View. She stated that there are enough golf courses throughout the metro area that address all golfing needs noting that the National Sports Center recently built a youth golf course and experienced a total of 7800 participants last year, with 67- percent of that total being youth golfers. She provided the Commission with a brief overview of the curriculum. Dick Timmer stated that his daughter, Katie Timmer, is a special Olympian. He stated that his daughter, along with friend Mike Madden of St. Anthony Village, have found a true home at The Bridges. He stated that the golfing community at the Bridges has been very good to both Katie and Mike noting that they are both State Champions in the State’s Top Division. He explained that they have both practiced at The Bridges for the past four years noting that some things are priceless and it is his belief that The Bridges is one of those things. He urged the Commission to keep the golf course noting that the environment has always been a very welcoming to them. Katie Timmer stated that The Bridges is a huge part of her life and relationship for her and her father. She stated that there is a really great guy at The Bridges that always makes if fun for her to golf and practice. She stated that golf is a good, but difficult sport adding that she does not want to see The Bridges leave because she loves to golf. Bruce Foley, 662 Village Parkway, Circle Pines, stated that the Blaine golf course is fabulous but doesn’t compare to The Bridges. He explained that what makes The Bridges so special is the Mounds View EDA April 25, 2005 Regular Meeting Page 9 combination of the executive nature of the course and the family-oriented golf experience one can get with their children by walking the course. He urged the Commission to keep family in mind when making decisions regarding this course. Wendy Marty 2626 Louisa Ave, Mounds View, stated that golf provides an individual an opportunity to learn many qualities including honesty, integrity, etiquette, sportsmanship, respect, confidence, responsibility, perseverance, courtesy and judgment. She stated that a study was done that shows 50-percent of all children, after participating in a golf program, tend to show a higher level of confidence. She urged the Commission to keep this in mind when making their decision. Jeff Burnham, 5180 North Lexington, stated that he takes his grandchildren golfing on a regular basis. He stated that he took his grandson to the Blaine course last year and found that it was a very difficult course for children to walk. He expressed his disappointment at the rude behavior displayed towards them by some of the golfers at the course while they were playing. He stated that he loves the Blaine course but it is not a good spot for children. He stated that five of the Par 3 courses in St. Paul area suburbs have closed in the recent past noting that the choices for children-friendly Par 3 courses has become very limited. John McKusick, 8465 Eastwood Road, asked if the City of New Brighton had decided against the Medtronic project due to ground water issues and asked if the City has performed any soil tests in the area and if they have, do they have the results. He stated that he has five grandchildren; all of them have played at The Bridges and enjoyed the experience. He stated that they have also played the Blaine course noting that the distance between holes is a considerable distance for children to walk. Valerie Amundsen, 3048 Wooddale Drive, Mounds View stated that in reviewing the proposals it appears that the City is giving up a lot, including their quality of life. She expressed concerns stating that this project would bring a lot of additional traffic, not to mention the increase in the wear and tear on the roads. She stated that they want to give up something that means a lot to the Community noting that $600,000 in Park Dedication Fees does not seem to be enough for what they are giving up. Brian Amundsen 3048 Wooddale Drive, Mounds View, asked the Commission to clarify the 1400 hours of work done by Staff on this project. He asked if the hours span over a six or eight month period and did it involve more than one staff member. City Clerk/Administrator Ulrich stated that the hours span over an eight-month period of time and involved several staff members. Mr. Amundsen noted that the proposed timeline suggests a September start time and asked how many more times this issue would be open to the Residents for discussion with the EDA and City Council. He asked if the actual timeline for the project was available for public review. He Mounds View EDA April 25, 2005 Regular Meeting Page 10 noted that it is his assumption that the EDA and City Council would have to approve the sale of public property or assets, which would include additional hearings. He asked if the timing for notification to the public and scheduling of the public hearings has been determined. He asked if there are any conditions, under the current charter, that allows the public to begin initiatives to keep the golf course or park, as allowed under Chapter 8. He asked if City Council would be faced with trying to locate new property to build a golf course and what is the plan for increasing the size of Red Oaks Road. Daniel Hall, 12860 Beaver Street, Blaine, stated that he believes the only reason Medtronic approached Mounds View is because of the street leading straight up to the golf course. He asked if Medtronic approached the City or if the City had approached Medtronic. President Marty stated that Medtronic approached the City with their proposal. Mr. Hall stated that businesses like his; located around Medtronic; do get spin-off business from Medtronic. He stated that there is a trickle down of dollars spent in the Community by Medtronic employees noting that he has nothing against the golf course except for the fact that it has been subsidized by programs and is still losing money. He stated that it is prudent for the City to review realistic scenarios and the costs for the City noting that stewardship of the City should be to determine how they City could best serve the Community. He stated that as far as Medtronic and the TIF dollars, 99-percent of the TIF dollars are given to TIF districts by businesses in order to entice other businesses to come into the area. He stated that as a businessperson, he is supportive of Medtronic coming to Mounds View and it is up to the City to determine where the dollars should go. President Marty clarified that funds have never been taken from the General Fund to subsidize the golf course and it has nothing to do with the pensions. Jim Wilson, 7025 Pleasant View Drive, asked who would be responsible for the costs to mitigate the land in the golf course, the City or Medtronic? City Clerk/Administrator Ulrich stated that Medtronic would be responsible for the mitigation of the wetlands on the property adding that this is part of the eligibility requirement. Jim Manthis, 9664 Juniper Street Northwest, Coon Rapids, stated that he is interested in preserving The Bridges Golf Course noting that golf has always been a part of his life. He stated that this is his 40th year in the golf business and has served on the National PGA Board of Directors and knows the benefits of golf for everyone. He stated that when he describes the type of facility The Bridges is to friends they are impressed by what they hear and it creates their interest for one in their Community. He stated that he would support the Medtronic project if someone could prove to him that this is an overwhelmingly good deal for the City but at this point, he has yet to see the benefits and will continue to fight for The Bridges. Tim Mazzoni, 1520 23rd Avenue Northwest, New Brighton, stated that he speaks as an advocate Mounds View EDA April 25, 2005 Regular Meeting Page 11 for children and youth. He referenced the National Youth Center course and expressed concerns and suggested that the Commission walk the youth center course and ask themselves is the course truly designed for youth, as they state, or is it designed more for use by High School Golf teams. He asked the Commission to consult an SRI Study done in 2002 noting that there is a case that golf works, youth in golf works and the program at The Bridges works well for a lot of children. He urged the Commissioners to think hard about the issues and what they have before they make any decisions. George Weinberger, 8011 Eastwood Road, stated that he is 20-years old and a product of the youth program at The Bridges. He stated that he participated in their first youth program and also in the high school programs. He stated that it was explained to him that when he entered the voting process it was the way for him to choose the people he wanted to be his voice. He stated that they are running a City, not a business and asked them not to lose such a precious asset to the City. John Ewing 10953 Xylite Park Lane stated that he treasures The Bridges. He stated that it is his understanding that a deal has already been made to get the golf course paid for and asked shouldn’t a deal be a deal. He stated that the City of Mounds View has given the Community a beautiful golf course that provides people with the opportunity to enjoy the amenities and meet new people, which is a precious experience that cannot be taken away from anyone. He stated that if a deal has been made they should stay with it noting that they are on the right track with Clear Channel. Ray Ramirez, 2273 Irondale Rd, asked if a survey regarding the golf course would be distributed to the residents in Mounds View. He stated that he is in favor of the golf course and expressed concerns that many of the people speaking in support of the golf course tonight are from other areas. He stated that he would like the residents of Mounds View to have the opportunity to discuss the issues further and agreed that it is a beautiful sport for children. Duane McCarty, 8060 Long Lake Road stated that it would be helpful if the City offered the Community more information. He stated that they do not have to mitigate the wetlands in Mounds View as it can be mitigated in any Watershed district they want to as long as they meet the mitigation requirements. He referenced the survey stating that one has already been done by Decision Resources and in the survey, it is the same number of people who said ‘sell’ that are the same who also say ‘if it isn’t costing, keep it’. He stated that he would like to see a solid number from Ehlers and Associates that projects the value of the golf course, along side comparisons of what would happen if the land were TIF’d and the actual value of the land. He asked if they are jumping too soon to divest themselves of this asset noting that land is going up in valued and would continue to escalate in value. He stated that he would like to know what the professionals would say the value of the land would be by the time the golf course has paid off its’ obligations and also at what point do they think the citizens would question what was decided here. Mounds View EDA April 25, 2005 Regular Meeting Page 12 Cindy Weinberger, 2322 119th Circle, Blaine, stated that she is employed with The Mermaid. She stated that she has heard so much about the positive effects for the youth in this community and the benefits gained by the golf course and asked how much of the taxes generated at the golf course go back to benefit the schools and how much money would Medtronic put back into the schools. She stated that in her opinion education in the schools is much more valuable than any sport. Mr. Linke stated that currently it is non–taxable and none of the money would go back to the School District. He stated that the schools would not receive any funds if it goes to TIF for a twenty-five year period either. Ms. Kvilvang, Ehlers, clarified that this is not entirely true noting that as discussed, the property is tax-exempt. She stated that with respect to the schools, there are referendums out there and if Medtronic were built they would be paying on the tax rates from the referendums. President Marty closed the public hearing at 7:40 p.m. President Marty stated that this public hearing would be continued at the May 9, 2005 EDA meeting. MOTION/SECOND: Gunn/Thomas. To Approve the motion to continue this discussion to the May 9, 2005 EDA meeting. Ayes –4 Nays – 0 Motion carried. 8. REPORTS None. 9. NEXT EDA MEETING: Monday, May 9, 2005 at 6:00 p.m. 10. ADJOURNMENT President Marty adjourned the meeting at 7:45 p.m. Respectfully submitted, Recorded and transcribed by: Bonnie Sullivan TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting May 9, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:00 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Gunn, Flaherty, Marty, Stigney and Thomas NOT PRESENT: 3. APPROVAL OF AGENDA MOTION/SECOND: Flaherty/Stigney. To Approve the May 9, 2005 Agenda as presented. Ayes – 4 Nays – 0 Motion carried. 4. PUBLIC INPUT NONE 5. APPROVAL OF MINUTES. A. EDA Minutes April 25, 2005 Commissioner Thomas had the following correction: • Page one, Item 4-Public Input; Dwayne McCarty should be Duane McCarty. City Administrator Ulrich had the following corrections: • Page 3, line 101, reads ‘the prior year was $7.5 million’; should read ‘the prior year was $1.58 million’. • Page 3, line 107/108 reads ‘tax increment would be subjected to a tax.’; should read ‘tax increment would be subjected to a cap.’ • Page 3, line 111, ranked 1st • Line 114, 115, 116: • Reads: ‘He indicated that Legislation has a proposal that would expand the districts to four or five for the construction of Phase 1 of the Medtronic project.’ • Should read: ‘He indicated that the Legislation proposes to expand the district up to four districts to accommodate the subsequent phases of Medtronic’. Mounds View EDA May 9, 2005 Regular Meeting Page 2 • Line 116: clarified that the 40-acres was previously deeded to the City not 72. • Line 124: • Answer should read: City Administrator Ulrich confirmed stating that it is possible to develop this site without tax increment. • Page 4, line 145: • Reads: ‘City Clerk/Administrator Ulrich stated that the City has spent $21,000.’ • Should read: ‘City Administrator Ulrich stated that the City has spent $221,000.’ • Page 4, line 151-152: • Reads: ‘He noted that of the 72 acres from MnDOT, 40 acres is currently transferable and they have title for the land.’ • Should read: ‘He noted that of the 72 acres, 32 acres is currently transferable and they have the title for the land.’ Commissioner Stigney had the following correction: • Page 7, Duane McCarty’s address should be 8060 Long Lake Road not 61 Lake Road. • Page 9, John McKusick’s address should be 8465 Eastwood Road not 8465 East River Road. • Page 11, George Lambrigay’s address is missing a number, show’s 811 Eastwood Road. President Marty had the following corrections: • Page 10, noted the name of a speaker was not determined. He suggested reviewing the meeting tape to determine the name of the speaker. • Page 12, line 409, Add ‘comment from the audience’ Commissioner Gunn had the following correction: • Page 8, line 334 Reads: ‘Katie Timmer stated that she The Bridges is a huge part of her life’ Should read: ‘Katie Timmers stated that The Bridges is a huge part of her life’ MOTION/SECOND: Thomas/Flaherty Approve the Minutes of April 25, 2005 as amended. Ayes – 4 Nays – 0 Abstain – 1 (Stigney) Motion carried. 6. CONSENT AGENDA NONE 7. EDA BUSINESS A. 6:05 pm. Continuation of the April 25, 2005 Public Hearing for the purpose of considering the proposed sale of land comprising The Bridges in the City of Mounds View to Medtronic, Inc. Mounds View EDA May 9, 2005 Regular Meeting Page 3 City Administrator Ulrich stated that Steve Mahle and Rodger McCombs, representatives from Medtronic, are present this evening to provide the Commission and the Residents of Mounds View with a presentation. He stated that due to time constraints the discussion on tax increment financing would be discussed at a future meeting. Steve Mahle, Executive Vice President, Medtronic, President of Cardiac Management Division, stated that he has been employed with Medtronic for the past 33 years. He provided the Commission with an overview and history of Medtronic and the cardiac management business. He explained what it means to Medtronic to be a good neighbor and provided an overview of Medtronic’s mission statement. He stated that the Cardiac Rhythm Management is the largest part of the company and is the best known due to its’ history with pacemakers. He acknowledged the question regarding their need for expansion stating that they believe, in spite of the technological advances over the years, that there are still an enormous number of patients to be treated, which means they need more people, which requires more space. He reviewed the Company growth rate noting that Medtronic has been deeply rooted in the northern suburbs for a long time and would like to remain here. He stated that Medtronic has approximately 1,755 employees currently living in the northern suburbs with an overall 25-percent from the Mounds View area. Mr. Mahle stated that Medtronic currently operates a distribution center in the City and their plan is to build one of the largest facilities Medtronic has anywhere in world. He stated that the 60- acre site would fit their needs noting that Mounds View is centrally located with access points from both 35W and Highway 10. He stated that this is the area want to stay in and plan to grow in. He noted the discussions around Mounds View and the community’s assets stating that it is their hope that Medtronic would be considered a community asset. He stated that upfront the City would get $8.65 million for the land sale with $250 million of investment activity in construction and capital purchases, with $79 million projected in property taxes over the next 25- years. He acknowledged the reality of TIF stating that they would receive .34 cents spent on the dollar and the City would receive .66 cents. He assured the Commission of Medtronic’s commitment to the community noting that they are more than a community property tax resource. He reviewed Medtronic’s mission statement, written by Earl Bakken, stating that they have a responsibility to be faithful to the communities that they live in. He stated that he is very proud of the community work Medtronic does noting that Medtronic has been blessed to be successful in their business and in turn Medtronic likes to share their success with the community. Mr. Mahle stated that in the coming year Medtronic’s total giving would be approximately $45 million through the donations of life saving products and through cash donations for various grants. He indicated that Medtronic has been voted one of the top donors in the country noting that in Minnesota Medtronic’s investments include $1 million a year for hands-on science education and $1.5 million a year for health care services, and $4 million to the Greater Twin Cities United Way. He stated that Medtronic also donates to the Minnesota Zoo and the Minnesota Orchestra. He stated that over the past twelve years Medtronic has invested $105,000 Mounds View EDA May 9, 2005 Regular Meeting Page 4 in Mounds View school programs in addition to $600,000 committed for park and recreation dedication fees. He stated that Medtronic’s Community involvement does not end with contributions noting that Medtronic employees also volunteer in various schools and mentoring programs. He acknowledged that none of these decisions are easy adding that he understands the passion and concern of the residents and their want to see their Community be successful. He referenced the passion of the people who work for Medtronic and the community they live in stating that it is a real blessing and it is his hope that Medtronic becomes a good neighbor in the City of Mounds View. Rodger McCombs, Vice President, Medtronic, stated that his organization includes real estate, construction, facility management, security and travel support noting that all of it comes to bear, in some way, to this project. He reviewed the financial elements of the project and the site plan with the Commission. He stated that they have worked closely with State, County and City officials to ensure that the site is positively developed. He stated that one item of concern that was brought up during a past public hearing was the concern regarding the wetlands. He assured the Commission that Medtronic views the wetlands area as an amenity noting that they have included wetlands as a natural amenity at other facilities as a buffer. He stated that Medtronic wants to ensure that the campus is a positive environment for both the employees and the residents of Mounds View. Mr. McCombs stated that the property to the west could be developed with park dedications fees adding that they could incorporate walking trails and park areas throughout. He acknowledged that the development would create an increase in traffic flow stating that they have worked closely with MnDOT, Ramsey County, Anoka County, Hennepin County, Shoreview and Blaine to address the traffic concerns. He reviewed traffic access points and flow with the Commission noting that this was a project that MnDOT originally was not going to address for another ten years. He stated that Medtronic endorses the plans to upgrade 35W/County Road J bridge intersection; the County Road J traffic turn lanes, Airport Road and State Highway 10 noting that the projects are fully funded at the State level. He explained that Real Estate and Construction is part of his responsibility noting that the expansion would add 300 jobs over the next two years. He stated that the new campus would generate the need for jobs to operate and provide services at the new campus in addition to the positive impact it would have for local and regional businesses. Mr. McCombs stated that Medtronic deals with the tax issues noting that the TIF calculation that was used for the Fridley Headquarters, was for $100.00 per square foot. He explained that Medtronic reached an agreement with the City of Fridley to engage a third-party mediator to come to an agreement for $109 per square foot as an appropriate charge. He explained that Medtronic pays taxes in Anoka County, Ramsey County and Hennepin County noting that the increase in the tax base would be now with an additional potential for growth. He indicated that millions of dollars are available now through the sale of land, park dedication fees, franchise fees, permits and administrative fees. He stated that the Medtronic expansion would be a great Mounds View EDA May 9, 2005 Regular Meeting Page 5 benefit to the City of Mounds View. Commissioner Flaherty asked how they arrived at the $79 million projected in property taxes. Mr. McCombs explained that this is part of the model they have been using, with the City and with Ehlers, to determine the approximate number for tax dollars. He further explained that it is based on the assessed property value over a period of time. Commissioner Thomas noted that Ehlers review provided good detail. She stated that she would like to see something available on Medtronic by the next meeting. President Marty referenced the Anoka County assessment agreement and asked if the agreement was for a finite period of time. Mr. McCombs stated that they agreed to the assessment over the next three tax periods and reviewed with the Commission. President Marty referenced Mr. Mahle’s presentation stating that the slide reviewing the dollar breakdown noting that one slide shows that $.66 goes to the City, County and Schools and another slide shows $.63 and asked which is the correct number. Mr. McCombs explained that they are working with Ehlers and the correct number, which was received from Stacie Kvilvang just prior to the meeting, is $.63. He further explained that they were not able to update the slide prior to the meeting to reflect the correct number. President Marty stated that Ehlers would be attending a future meeting to explain the different types of TIF and how it breaks down. He thanked Medtronic for their presentation and opened the floor for comments. Duane McCarty, 8060 Long Lake Road, stated hats off to Medtronic for all the good they do for the communities they live in. He acknowledged that they run a business too and provided the Council with a good historical background. He referenced the presentation made by Ehlers Associates at the last meeting noting that the City would realize, with TIF, $4.7 million in total taxes generated over a 26-year timeframe. He expressed concerns stating that Medtronic’s contribution would be locked in a TIF fund for the length of the TIF District and until the project is certified. He requested a projection of the land value for the golf course. He acknowledged that the City is in the process of contemplating the value of the property noting that their arrival on a number for the actual assessed value should be held proprietary at this time. He stated that he worked on some figures using $7,228,000 as the base property value for tax purposes. He explained that in using a conservative 3-percent gain from 2006 to 2033 the City would see a 3- percent increase and by 2033 the value of the land would be approximately $6.3 million. He stated that 3-percent is very conservative noting that for purpose of comparison he used the 3- Mounds View EDA May 9, 2005 Regular Meeting Page 6 percent inflationary that Staff used on the golf course projections. He stated that the land value, at the end, would be $16.5 million noting that with depreciation of the account, it would be free of being necessary for defraying costs by 2019 and would be able to stand on its own. He explained that his reason for bringing this up is because the numbers have been presented noting that the total value of the land and assets along with the fixed assets, would be, at a minimum, $26.2 million in equity. He stated that he is curious as to why the City of Mounds View would let this jewel slip through their fingers when the numbers from Staff show a worth of $26 million in TIF alone. Barbara Haake, 3024 County Road I, acknowledged that Medtronic is a fabulous company adding that she has a couple of questions. She noted that Medtronic has a beautiful campus located in Fridley and asked why they did not expand in Fridley. She stated that she did some of her own research on the assessment agreement with Anoka County stating that she found out that there were areas available but that Medtronic did not want to pay the square footage amount. She stated that it was her understanding that certain areas were also removed from the equation and asked if this was true. She stated that rumor has it that they were only paying $80 per square foot on the property and that Fridley could have sued. She asked for further clarification on the assessment agreement. She asked for clarification on the calculations used to determine the park dedication fees noting that the agreed amount is $600,000 and with a property valued at $8.5 million, based on the 10-percent calculation, shouldn’t the amount for park dedication fees actually be $850,000. She asked if there were legal reasons that they were not able to use the 10- percent calculations noting that other businesses had to pay a 10-percent park dedication fee. She stated that in summary she would like to know why Medtronic did not expand in Fridley; How were they able to negotiate the conference and café square footage; and how did they come up with the park dedication fee numbers. Mr. Mahle explained that there was not enough room in Fridley for the size of the facility they want to build. He stated that the initial project would be 840,000 square feet noting that they would require additional space to expand up to 1.5 million square feet. Mr. McCombs further explained that corporations have to plan for their future and Medtronic is trying to project out how best to take care of their growth over the next ten to twenty years. He stated that this move would help to address their growth needs over the next few years. He referenced the assessment agreement in Anoka stating that there are different ways used in how they calculate square footage, which was part of their discussion, through mediators, with Anoka. He stated that through these discussions both parties agreed to numbers that were deemed appropriate for that site. City Administrator Ulrich acknowledged that the park dedication is less than the 10-percent used as a standard for smaller projects. He acknowledged that there were legal issues and explained that Staff did review other Communities to help determine the percentage that would be used, on average, to determine park dedication fees in a project of this size. He stated that Staff is willing Mounds View EDA May 9, 2005 Regular Meeting Page 7 to share the information if anyone is interested in reviewing. City Attorney Riggs stated that there have been several successful legal challenges to having a specific, standard percentage identified. He stated that they have given Council more flexibility in determining fees noting that the 10-percent has been challenged successfully in a court of law. Donn Hagmann, Medtronic, indicated that the proposed park dedication fee is more than four times what they paid at the Fridley site expansion. He stated that he is not aware of another large project, like this one, that has paid 10% noting that it has probably never happened. President Marty indicated that the City Council does not have a complete consensus on this issue either. John McKusick, 8465 Eastwood Road, referenced the soil testing noting that there are still some wells in the area and asked if they have any answers on the ground soil test results. President Marty explained that they are waiting until mid-May, which is when the results would actually be available. Director Ericson stated that Staff is working with MPCA noting that the Minnesota Pollution Control Agency has indicated that the results received so far, do not show anything that would be considered an issue. He stated that they are waiting for final clarification from MPCA. Greg Belting, 1525 Sherman Lake Road, Lino Lakes, stated that he has a chiropractic office located in Mounds View and also serves on the Mounds View EDC. He acknowledged that Mary Burg and the Golf Course have done a good job for the City noting that the Medtronic project would represent the single largest economic development in the City. He stated that as a business owner, having a world leader of medical devices wanting to locate in this community is a once in a lifetime opportunity for the City. He encouraged the Commission to consider the positive options and impact this project would have for the City and its residents. President Marty closed the meeting to public comment. He stated that the City Council meeting for the City of Mounds View was scheduled to begin two minutes ago. He stated that the Commission would move to continue this discussion at the next EDA meeting in two weeks. He stated that the meeting would also include a presentation from Ehlers Associates explaining the TIF scenarios. City Administrator Ulrich suggested scheduling the continuation of this discussion on a separate night. He suggested holding the meeting at the Community Center to better accommodate the size of the group that would be in attendance. President Marty agreed that it would be a good idea to schedule the meeting on a separate night Mounds View EDA May 9, 2005 Regular Meeting Page 8 in a larger room. He stated that it would eliminate the time constraints and allow the Commission to move forward and cover as much ground as possible. He stated that he would have Staff check out the Community Center schedule noting that the meeting would probably be two to three weeks out. He stated that Staff would coordinate the dates with the Commissioners and the Community Center and update the residents on the schedule. President Marty closed the public hearing at 7:04 p.m. MOTION/SECOND: Marty/Thomas. To approve the motion to continue the public hearing to May 23, 2005 at 6:00 p.m. to allow Ehlers Associates to make presentations and to schedule a public comment meeting on a date available two weeks from May 9, 2005. Ayes –5 Nays – 0 Motion carried. 8. REPORTS NONE 9. NEXT EDA MEETING: Monday, May 23, 2005 at 6:00 p.m. 10. ADJOURNMENT President Marty adjourned the meeting at 7:09 p.m. Respectfully submitted, Recorded and transcribed by: Bonnie Sullivan TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting May 23, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:00 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Flaherty, and Commissioner Gunn. NOT PRESENT: Commissioner Thomas 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Flaherty. To Approve the May 23, 2005 Agenda as presented. Ayes – 4 Nays – 0 Motion carried. 4. PUBLIC INPUT NONE 5. APPROVAL OF MINUTES. A. EDA Minutes May 9, 2005 City Administrator Ulrich had the following corrections: • Page 8, line 306 – the motion should be Marty/Thomas not Ulrich/Thomas. President Marty had the following corrections: • Page 3, line 88 – Rodger McCombs should be Rodger McComb • Page 4, line 138 – ‘facility mgmt’ should read ‘facility management’ MOTION/SECOND: Gunn/Flaherty To Approve the Minutes of May 9, 2005 as amended. Ayes – 4 Nays – 0 Motion carried. Mounds View EDA May 23, 2005 Regular Meeting Page 2 6. CONSENT AGENDA A. Set a Special Meeting of the EDA for June 20, 2005 at 6:00 p.m. at the Mounds View Community Center, 5394 Edgewood Drive. B. Schedule an Executive Session immediately following this meeting to discuss and consider the sale of real property commonly known as The Bridges Golf Course, and a buyout offer of the billboard signs (Verbal Report). MOTION/SECOND: Flaherty/Marty. To Approve the Consent Agenda as presented. Ayes – 4 Nays – 0 Motion carried. Duane McCarty asked the Commission what State Statute applies to the Executive Session scheduled for this evening. City Attorney Riggs stated that Minnesota State Statute 13d, Subdivision 3.C.3 Duane McCarty asked if the value of the property has been determined and if the Executive Session is to specifically discuss the appraisal value. President Marty stated that the property values have not yet been determined. City Administrator Ulrich clarified that the purpose of the Executive Session is to discuss the general specifics of the property purchase. City Attorney Riggs further explained that the purpose for the Executive Session is to deal with the terms of the offer. He stated that Council has to determine if the offer is acceptable or if there is a need to counter the offer. 7. EDA BUSINESS A. 6:05 pm. Continuation of the May 9, 2005 Public Hearing for the Purpose of Considering the Proposed Sale of Land comprising The Bridges of Mounds View Golf Course to Medtronic, Inc. Stacy Kvilvang, Ehlers & Associates provided the Commission with an overview of the Tax Increment Financing process noting that it provides the ability to capture and use the increased local property tax revenues from new development within a defined geographic area. She provided examples of the eligible uses and reviewed the building blocks of TIF. She reviewed the process used to determine the base value of a property noting that they are in discussion with the County Assessor in an effort to determine the accurate value of the property. Mounds View EDA May 23, 2005 Regular Meeting Page 3 Ms. Kvilvang stated that one item, fiscal disparities, requires discussion. She stated that State law requires new commercial/industrial properties in the 7-County metro area to contribute 40- percent of the valuation to an area-wide pool for all local taxing jurisdictions. She reviewed the impacts noting that the EDA has indicated that the fiscal disparities would be paid inside the tax district. She reviewed the items not captured for TIF noting that in this case Medtronic’s base taxes comprise approximately 6-percent. She stated that the net TIF to Medtronic would be 37- percent or approximately $ .37 of each dollar they pay in taxes. She explained that the Development Agreement is the binding contract and includes all of the details for the project and all of the terms as to how the project would move forward. She stated that the City would pay as they go through the project. She explained that the Developer would bear the brunt of the initial costs and would be required to show proof of completion and payment before the City would make payment to the Developer. She stated that the Developers would pay their taxes; the City would then determine the tax increment and forward payment to Medtronic. Ms. Kvilvang reviewed the Development Performa, the comparable land costs and future development potential for the site. She provided the Commission with a an overview of the 2005 Ramsey County Ranking data noting that the information is based on 2004 data. She stated that at the County level Mounds View is ranked Number 1 and explained that there are three Districts in the City because of the base valuation noting that anything captured for the tax increment base would be a bit higher. She stated that at a State level, in 2004, Mounds View was ranked 11 noting that based on the 2005 data the City’s ranking falls to 26. She stated that they plan to do a comparison that would show where Mounds View falls in the ranking for tax increment percentages. Ms. Kvilvang stated that the next step includes special legislation noting that they were initially looking at a redevelopment district. She explained that when the proposal moved to the House the same legislation was introduced noting that changes were made and the District was changed to an Economic Development District. She further explained that an extension was provided that gives the same benefits and reviewed with the Commission. She stated that the final version would come back to the City for approval and would also be reviewed and approved by the School Board and County. She stated that the review and consideration for approval of the Development Agreement is scheduled for June 20, 2005 and from there it would then move through the standard City approval process. President Marty opened the public hearing at 6:29 p.m. Barbara Haake, 3420 County Road I referenced the Executive Session scheduled to discuss The Bridges stating that from her perspective this a done deal. She referenced the May 4th article in the newspaper about proposed property sale values of $300,000 an acre in Blaine and Roseville, noting that Residents have been told that the City would get $120,000 an acre, and urged the Commission not to ask for anything less than $250,000 per acre. She expressed concerns stating that it feels as if Mounds View is getting taken adding that this is not a good deal for the City of Mounds View EDA May 23, 2005 Regular Meeting Page 4 Mounds View. She asked the Commission not to consider TIF and asked what kind of taxes would the City of Mounds View receive if the property, valued close to $85 million, were not under TIF. She expressed frustration stating that she has requested copies of the options available on several occasions and has yet to receive the information. Ms. Kvilvang explained that she does not have the numbers adding that they would work with the Assessor to see what the value is and run the numbers through TIF. President Marty stated that they should probably get a few quotes from realtors in addition to the numbers from the Assessor. He stated that it would be interesting to see how it would be marketed from a realtor’s perspective. Duane McCarty, 8060 Long Lake Road, referenced 469.175 – Establishing and Changing TIF plans, Subdivision 3, states that a County Auditor shall not certify until a tax increment financing plan for the proposed project has been approved by the municipality in which it is located in. He clarified his understanding is that the Auditor cannot certify until the land has been approved. He stated that the residents are very frustrated with the whole process. He reviewed future estimate values and projected depreciation of cash accounts with the Commission noting that the numbers are based on information from the City Finance Department and the Ramsey County Abstract Value for 2005. He noted that the current numbers are more conservative than the numbers used in 1988 and expressed concerns that the City is taking a very conservative 3-percent gain over a 30-year term. He stated that they would find that the conservative real estate value appreciation is $16.5 million at the end of the term and the ending cash account would be approximately $6.7 million, with a total value, over a period of time, would be approximately $20 million. He stated that Ms. Haake made a good point and asked the Commission to clarify the numbers that they are dealing with and where they are coming from. He suggested that the City utilize appraisal companies and get two or three appraisals to get a better idea of what they are dealing with. He noted that the airport would increase land value considerably adding that the City is not dealing with solid numbers here. He stated that he, along with other Residents, is getting weary as they are not getting any answers to the questions asked. He stated that the Community expected more from the City of Mounds View. President Marty acknowledged Mr. McCarty’s concerns and agreed that the Commission and the Residents have not been able to fully discuss all of the issues and their concerns. He explained that there has not been enough time to fully discuss the issues with the EDA meetings scheduled to take place before the City Council meetings. He agreed that the process has been very slow adding that a special meeting has been scheduled for Monday, June 20, 2005 at 6:00 p.m. to discuss the issues. He stated that the meeting would be held at the Banquet Center and would have the same format as the Town Hall meeting. He stated that it is their hope to have more information available that would help to answer a lot of the questions raised by the Community. He stated that he too has several questions noting that he discovered this weekend that this District is set up as an Economic Development District with an eight-year term. He stated that in Mounds View EDA May 23, 2005 Regular Meeting Page 5 reading the House bill as it was portrayed at the Capital that the City of Mounds View requested that the District be extended from an 8-year to a 25-year district. He stated that he was not aware that anyone on the EDA had asked to extend the District and clarified that in the discussions they have held the questions asked are if there are any possible ways to reduce the District from 25 years to 20 or 15 years. Ms. Haake offered to help the Commission work with the Representatives on this issue. She stated that if they would give her the information, signed, that she would discuss their concerns with the Representatives and work to resolve the issues. Daniel Hall, 2200 Highway 10 noted that the Commission and Council have had a tough time noting that they do not have all of the facts and figures available to make a good decision. He suggested that the Commission and Council making sure that they have some parameters on the numbers for the June 20th meeting. He agreed stating that the City should get some real numbers together and obtain a few appraisals prior to the June 20th meeting, as they should know the numbers before making all of these big decisions. President Marty stated that this Public Hearing would be continued to Monday, June 20, 2005. Commissioner Gunn suggested to the Residents that they write out their questions and place it in the drop box located at City Hall. She stated that this would give Staff the opportunity to review and have answers available at the June 20th meeting. Tim Mitchell, 2280 Knollwood Drive, stated that this is the best golf course he has ever played in his life. He stated that people love the course adding that he would be totally upset of the golf course goes. He stated that it is his hope that The Bridges would continue. Darlene Cherry, Roseville, stated that she plays at The Bridges quite often, as it is a unique and affordable course. She stated that The Bridges is a family oriented course and a good place for both youth and adults. She noted that The Bridges is profitable now that it has the billboard contract and revenue. She urged the Commission to keep The Bridges. She stated that if they decide to sell the property to Medtronic the Commission should consider building a smaller golf course, similar to The Bridges. Sue Jung, Regional Manager, Country Suites/Holiday Express, Coon Rapids stated that Medtronic is a wonderful asset to a Community noting that Medtronic is one of their top ten accounts. She stated that Medtronic is a real asset and would help the Community grow. President Marty closed the public hearing at 6:52 p.m. MOTION/SECOND: Gunn/Flaherty. To approve the motion to continue the Public Hearing to Monday June 20, 2005 at 6:00 p.m. Mounds View EDA May 23, 2005 Regular Meeting Page 6 Ayes – 4 Nays – 0 Motion carried. 8. REPORTS NONE 9. NEXT EDA MEETING: Monday, June 13, 2005 at 6:30 p.m. 10. ADJOURNMENT The Commission agreed, by consensus, to adjourn at 6:54 p.m. Respectfully submitted, Recorded and transcribed by: Bonnie Sullivan TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting June 13, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:05 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Gunn, Flaherty, Marty, Stigney and Thomas NOT PRESENT: 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Thomas. To Approve the June 13, 2005 Agenda as presented. Ayes – 5 Nays – 0 Motion carried. 4. PUBLIC INPUT NONE 5. APPROVAL OF MINUTES. A. EDA Minutes May 9, 2005 President Marty had the following corrections: • Page 3, line 88, 93, 107, 123 should be Steve Mahle • Page 5, line 185 and 186 should read: Mr. McComb stated that they agreed to the assessment over the next three tax periods and ‘then’ reviewed with the Commission. • Page 7, line 261, should read Hagmann • Page 7, line 279 – states Mounds View EEC; should read ‘Mounds View EDC’ • Page 8, line 306 – the motion should be Marty/Thomas not Ulrich/Thomas. Commissioner Gunn had the following correction: • Page 7, line 278 should be Greg Belting • Page 6, line 243 should be McCombs Mounds View EDA June 13, 2005 Regular Meeting Page 2 MOTION/SECOND: Thomas/Marty Approve the Minutes of May 9, 2005 as amended. Ayes – 5 Nays – 0 Motion carried. B. EDA Minutes May 23, 2005 President Marty had the following corrections: • Page 5, line 170 states: ‘He stated that in reading the House bill it was portrayed at the Capital.’ Should read: ‘He stated that in reading the House bill ‘as’ it was portrayed at the Capital.’ MOTION/SECOND: Stigney/Flaherty Approve the Minutes of May 23, 2005 as amended. Ayes – 4 Nays – 0 1-Abstain (Thomas) Motion carried. 6. CONSENT AGENDA A. Schedule an Executive Session immediately following this meeting to discuss and consider the sale of real property commonly known as the Bridges Golf Course, and a buyout offer of the billboard signs. President Marty stated that he was a bit surprised to find out that they have an Executive Session scheduled, as it was his understanding that the Commission had continued all work and discussions until the special EDA meeting scheduled for June 20, 2005. Commissioner Thomas stated that the Commission has a lot of work to do to prepare for the special meeting on June 20th and should continue to work through the issues so that they are prepared for the meeting. Vice President Stigney agreed stating that they are still in negotiations and need the closed session. MOTION/SECOND: Thomas/Stigney Approve the Consent Agenda as presented. Ayes – 5 Nays – 0 Motion carried. 7. EDA BUSINESS NONE Mounds View EDA June 13, 2005 Regular Meeting Page 3 8. REPORTS City Clerk/Administrator Ulrich stated that an Executive Session was convened on May 23, 2005 at 6:54 p.m. He stated that all Commissioners were present except for Commissioner Thomas. He noted that Director Ericson and City Attorney Riggs were also in attendance. He reviewed stating that the Commission discussed the sale of real property commonly known as The Bridges. The meeting was adjourned at 7:10 p.m. Barbara Haake referenced the Commission discussions for the sale of The Bridges property stating that she has put together three potential options for The Bridges that she would like to review with the Commission. She stated that it is her understanding that the sale of the property known as The Bridges is for $8.6 million, which when calculated at 72-acres, is $120,000 per acre and noted that the property tax calculation is for raw land. She provided the Commission with copies of the options and gave a brief overview of each. She asked that the Commission give some consideration to option 3 as a part of their discussion and review. Vice President Stigney stated that they do not have these options on the table and this is not what is happening right now. He added that if they have an interested buyer let the City know. Commissioner Flaherty asked staff to review and verify Ms. Haake’s numbers. Andre Koen, 7951 Greenwood Drive, stated that he is new to the City of Mounds View. He stated that he moved to the area due to the mix, closeness to the City and the amount of green space in the area. He stated that he is concerned that the area would become land locked with the sale of this property to Medtronic and asked the Commission to consider this throughout the process. 9. NEXT EDA MEETING: Special Meeting of the EDA for June 20, 2005 at 6:00 p.m. at the Mounds View Community Center, 5394 Edgewood Drive. 10. ADJOURNMENT President Marty adjourned the meeting at 6:25 p.m. Respectfully submitted, Recorded and transcribed by: Bonnie Sullivan TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW CITY COUNCIL CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Special Joint Meeting EDA and City Council June 20, 2005 Mounds View Community Center Banquet Center, 5394 Edgewood Drive, Mounds View, MN 55112 6:00 P.M. 1. MEETING IS CALLED TO ORDER AT 6:22 P.M. 2. ROLL CALL: Marty, Stigney, Gunn, Flaherty, and Thomas NOT PRESENT: None. 3. APPROVAL OF THE AGENDA MOTION/SECOND: Gunn/Flahery. To Approve the Monday, June 20, 2005 agenda as presented. Mayor Marty opened both public hearings at 6:24 p.m. 4. INTRODUCTION A video regarding The Bridges Golf Course was shown to the audience. 5. OVERVIEW OF PROPOSAL (City Administrator Kurt Ulrich) City Administrator Ulrich stated the project involved the sale and development of 72.2 acres of land known as The Bridges Golf Course to Medtronic Corporation for a CRM corporate campus. He stated the project required consideration and approval of a development agreement and tax increment financing assistance. He noted the City was first approached by CRESA partners in July of 2004. He reviewed the action items that would need to be approved by the City/EDA and the history of the project. He summarized the impacts of the project including financial, economic, environmental, airport, city services, and traffic. 6. REVIEW OF ALTERNATIVES (Community Development Director Jim Ericson) Community Development Director Ericson summarized other options/alternatives for The Bridges Golf Course. He indicated option one was the “do nothing” approach and keeping the golf course as was, reaping the benefits of the twenty-year billboard leases. The second option was to keep the golf course and sell the driving range. The third option was to keep the golf course, sell the driving range, and build a new driving range. The fourth option was to relocate Mounds View City Council June 20, 2005 Special Meeting Page 2 holes 2 through 5, and develop the excess 26 acres. The fifth option was the Medtronic proposal with TIF financing. The sixth option was to sell the course to a different entity and provide no TIF. In summary, he noted the Medtronic proposal would be above and beyond the benefits of the golf course. 7. PUBLIC SUBSIDY AND FINANCIAL REVIEW (Ehlers & Associates) Stacie Kvilvang, Ehlers and Associates, reviewed the special legislation by the creation of an Economic Development TIF District and the sale of the former MnDOT property – reverter legislation. She summarized the acquisition/park dedication fees and the retention, conditions prior to conveyance, right of reverter, resale of reacquired property, and relocation or termination/acquisition of billboard leaseholds. She reviewed the construction of minimum improvements, public improvements, administrative expenses, and tax increment financing. She summarized the wetland mitigation, prohibition on tax exemption, sale or assignment, events of default, Phase II and Phase III, and golf course equipment and club house. She reviewed the golf course financing, how the golf course was financed, the historical golf course gross revenue, and the annual Interfund Loan required. 8. PUBLIC HEARING A. Public Hearing in regard to a proposed business subsidy to be granted by the EDA to Medtronic, Inc. under Minnesota Statues Sections 116J.993 through 116J.995. The proposed subsidy involves tax increment financing assistance to facilitate development by the Recipient of an 820,000 sq. ft. business in the City of Mounds View. B. Public Hearing in regard to consideration of the proposed sale of land comprising The Bridges Golf Course in the City of Mounds View, which is presently owned by the City of Mounds View, to Medtronic, Inc. 9. PUBLIC COMMENT Mayor Marty asked that before speaking, audience members give their full name and address for the minutes. He advised Mounds View residents and businesses would have the first opportunity to speak, with nonresidents speaking last. He advised that a five-minute time limit would be strictly enforced with PowerPoint presentations being limited to 10 minutes. Warren Johnson, 7710 Greenwood Drive, asked if MEDTRONIC built this building, how much money would the City receive per year in taxes. Ms. Kvilvang, Ehlers & Associates, replied the City would receive approximately $43,000 annually for the general fund that would increase over time while the TIF District was in use and once the TIF District was done, the amount would go up considerably because Medtronic would be paying the full value in taxes. Mr. Johnson asked with all of the money coming in, how much would the resident’s property taxes to be reduced. Ms. Kvilvang replied the goal of the City and EDA was to not have any tax Mounds View City Council June 20, 2005 Special Meeting Page 3 increase to the taxpayers, but there was no promise to reduce the taxes. However, there might be a reduction to the school referendums, which would amount to a couple of dollars a year. Jim Bergales, 8400 Red Oak Drive, indicated the traffic had drastically increased and asked from Highway 10 up to Red Oak Drive and County Road J, what would happen to that intersection. He asked if there would be a freeway hookup. Vernon Swing, RLK, City Consultant who prepared the AUAR, responded initially the intersection would change with additional turn lanes provided as well as some modifications to the signal timing, but the intersection at County Road J and Long would remain the same. Jan Brenk, 7800 Gloria Circle, stated since Medtronic’s goal was to consolidate all of its smaller companies at this site, she did not believe there would be any hiring because they would be transferring employees. She asked what guarantee they had that Medtronic would not turn the golf course into Medtronic’s private golf course. She asked if Medtronic had ever donated any campaign funds to any Council Member. The Council Members/EDA Commissioners as a group replied Medtronic had not given any campaign funds to them. Ms. Brenk noted her family owned the land prior to the State and she was opposed to this transfer. Ms. Kvilvang replied Medtronic would not be able to retain this as a golf course or they would be in default and with respect to the hiring of employees, this would be a condition in the Development Agreement. Rodger McCombs, representing Medtronic, replied Medtronic would create the jobs they indicated they would create. Brian Knox, 2291 Knoll Drive, stated this “smacks of a sweetheart deal to the detriment of Mounds View residents”. He suggested they put this land on the open market and Medtronic can join the open bidding at that time. He expressed concerns about the quality of life issues, the noise, and the increase in traffic. He requested Council/EDA do the right thing for the citizens of Mounds View. John McKusick, 8465 Eastwood Road, expressed concern about the quality of life, the noise pollution, air pollution, the increase in traffic, and the additional expense for police and fire. He asked why they were selling this property so cheap and believed his property would not decrease in value. He expressed concern about the increase in jet noise when they used the Blaine airport. He stated he was against this proposal. Rita Guzzetta, 7434 Knollwood Drive, stated she was a Medtronic employee and she purchased a home in the City in anticipation of the Medtronic property being located in Mounds View. Nancy Gollnick, 8085 Greenwood Drive, stated she was a former teacher in the City. She noted Mounds View schools were running into difficult times and Medtronic had been a good friends to Mounds View schools by providing funds to the science programs without any strings attached. She believed Medtronic would continue to do this if they were located in Mounds View. She stated the future of the company depended upon hiring well-educated people and the Mounds View City Council June 20, 2005 Special Meeting Page 4 schools needed additional funding in order to have educated students. She noted the City already had two schools that were considered low income schools and believed a good company coming into the City would benefit the schools. She stated she was in support of this project. Daniel Hall, 2200 Highway 10, asked if the golf course was self-sufficient and what was the revenue trend. He noted a three percent a year growth was unrealistic. He stated it was probably a three percent negative growth during the past five years. He stated Blaine had never turned down Medtronic to go into that City and Medtronic had not been turned down by a lot of cities. He complimented Jim Ericson for his paper and noted it was a very thorough report. City Administrator Ulrich replied the golf course was self-sufficient with the three percent revenue growth and the billboard revenue. However, if there was no billboard revenue, the golf course would not be self sufficient. Mr. Hall noted the golf course was still being funded by the taxpayers. Ms. Kvilvang replied Mr. Hall was correct because the operating of the golf course did not cash flow annually and that was the reason for the billboards. She noted the City was required to put additional funds yearly to make sure the reserve was maintained. Phil Sipe, President SYSCO, 2400 County J, stated he had an emotional tie to the golf course, but as a business person, it made sense to do this development project. He stated they presently employ 639 jobs with benefits and their employees made use of the facilities in Mounds View. He stated they supported this because of the additional tax revenue, high paying jobs, it was a clean industry, it resulted in badly needed improvements in County Road J and the bridge over 35W, and this might be the only opportunity to improve the road in the near future, the project included trails and the wooded land dedicated to the City by Sysco. He noted their employees enjoyed walking during their lunch hour, but had to cross the street to access trails. He stated their employees patronized the Mounds View businesses. He stated the Medtronic project was an important improvement to the City and encouraged them to go forward with the development. Ken Glidden, 5240 Edgewood Drive, stated he has lived in the City for 37 years and supported the Medtronic proposal. He questioned how they had reached this point in the discussions with respect to TIF financing and it being an inherit part of this proposal. He asked if this was a deal breaker and who initiated the discussion regarding TIF financing. He stated he would like to welcome them as a corporate tax paying neighbor, but he did not understand why they got this type of a tax break. City Administrator Ulrich replied this was a Medtronic request and Medtronic needed that to make the site work for their business requirements. Torri Johnson, 7730 Long Lake Road, stated she was a 14 year resident of Mounds View and lived on the north side of County Road 10. She expressed concern about the increase in traffic and she had every reason to not support this project, but she wholeheartedly did support it because the schools would benefit from this proposal, the City would get an immediate benefit from the sale and the reduction of the debt, the tax base would increase, as well as $800,000 for the parks. She stated she was excited for Medtronic to be part of the community. She urged the Council/EDA to approve this project and do what was right for the City and its residents. Mounds View City Council June 20, 2005 Special Meeting Page 5 Brian Kaden, 7675 Spring Lake Road, stated he has lived in the City for 32 years and he liked the idea of Medtronic coming into the City, but he did not like Medtronic coming into the City at the cost of the taxpayers and he did not like to subsidize businesses. He stated Mounds View had the fourth highest TIF in the state. He asked if he would get a tax break if he put an addition on his house through TIF financing. He stated the taxpayers were helping the businesses pay their mortgage and that was one of the reasons he believed this was not a good deal. He stated the TIF financing was put into place to develop land that was not desirable and this practice was being abused. He questioned how much of a benefit Medtronic would have in the City being located in the northeast portion of the City. He believed Shoreview and Blaine businesses were going to benefit more than the Mounds View businesses because of the location. He stated Medtronic was a multi-billion dollar company and if they were a good corporate neighbor, why were they asking for a tax break that the citizens did not get. He asked why Medtronic was not paying the same taxes as Walgreens. He stated this would be a good project if Medtronic was not requiring TIF financing. He suggested the City look at their TIF financing programs in the future. Lloyd Bardwell, 2932 County Road J, stated County Road J was a public drag strip. He agreed that Medtronic was a good corporation, but he also agreed Medtronic should not be given TIF financing. He expressed concern about the increase in traffic on County Road J and he hated living in his home because of the traffic. He stated there was no enforcement along that road and the infrastructure was missing to go east and west on the road. He stated he was for the development, but he did not believe Medtronic was paying their fair share of taxes. He stated he was not complaining about his taxes, but the City needed to do something about the speeding traffic. Peter Martin, 2192 Oakwood Drive, stated he has been playing The Bridges Golf Course since day one. He indicated dollars are fine and the large companies are going to get the money no matter what they did, but what about the land and its value to the community and the values like families being able to play golf together, health and fitness values, natural and wildlife values, and moral values. He noted moral values are what the citizens need most and were harder to come buy. He stated golf was based on honesty, integrity, and patience and these were values needed by the children today because they were not taught in the school system anymore. Barbara Haake, 3024 County Road I, stated she has lived in the City for 39 years. She indicated Medtronic was a good company and she was neither for nor against this project, but she needed more information. She thanked the Community Development Director for preparing the options she had requested at a previous meeting. She noted Fridley had an appraisal done of $137.00 per square foot and through mediation it went down to $109.00 and the $80.00 per square foot was not a fair price. She stated Twin Lakes Development in Roseville was going for $300,000 per acre and Medtronic negotiated $120,000 per acre. She stated they were getting an appraiser price as it was not as it was built out and she believed Medtronic should pay more. She stated Medtronic should have to pay $235,000 to $260,000 per acre. She noted Medtronic had 4 billion in cash and asked why the City was doing to subsidies for a company who had this type of money. Community Development Director Ericson replied with regard to the Twin Lakes Development there were a lot of improvements made to the land in order for it to be sold and Mounds View City Council June 20, 2005 Special Meeting Page 6 there was a 40 million dollar TIF subsidy being proposed on that project. He noted this project was not the same thing because they were talking about raw land versus improved lots. Mike Szczepanski, 2385 Laport Drive, stated he has been on the Park and Recreation Board and The Bridges had never made money and would never make money, even though the “City sold its soul” to Clear Channel. He stated he was for the transfer and sale to Medtronic and if most people did not like TIF, they should ask the City Council/EDA where they have used TIF in the past 25 to 50 years. He stated there have been no major projects coming to the City. He indicated all large companies required TIF financing in order to locate within a City. He noted corporations would come in and ask for everything, which was normal. He stated there was a lot of white pollution on the golf course. He believed the City should get rid of the billboards. He indicated the traffic was an issue and the City of Mounds View had promised a sound wall, which had never been constructed. Dave Hicks, 2749 Sherwood Road, stated he did not understand all of the figures and it looked way too complicated for anything to be right about the project. He stated he believed the ending cash value of the Medtronic development would be plus $31,000 due to somebody having to pay the 20.5 million dollars to improve the road. Community Development Director Ericson responded with respect to the transportation improvements, those were funded by the State of Minnesota, which were being made available to Mounds View for this development. He noted those funds were in the State’s general fund and if Mounds View did not use it, then another City would get the money. He noted the northern metropolitan area was historically under-funded regarding transportation improvements. Tim Mitchell, 2280 Knoll Drive, stated he has lived in the City for 49 years and believed The Bridges was the best 9-hole golf course in the metropolitan area. He asked where else were people supposed to go to learn the game. He stated he wanted the golf course to remain a golf course and Medtronic to find other land. Stan Meyer, 2812 Sherwood Road, stated he did not like subsidizing fortune 500 companies. He stated he did not have the opportunity to defer his taxes. With respect to traffic, his road was busy also and the issue was enforcement. He believed their quality of life would go down with this proposal. He stated Medtronic employees would not live in the City; they would commute and believed there would be a bad impact on Highway 10. He stated $43,000 a year to the City for taxes for 25-years was nothing and this was not a good deal for the City. He wanted some other City to pay the cost for Medtronic. Bob Musil, Visit Minneapolis North, stated he was here representing the recreational assets, parks and trails, and the lodging and hospitality business in the northern metropolitan area. He noted Visit Minneapolis North marketed and promoted 11 northern cities as a regional destination and they supported this proposal. He presented to the Mayor a letter and Resolution in support of the sale of The Bridges Golf Course to Medtronic. He encouraged the Council/EDA to vote in favor of this project. He stated this might be a developmental opportunity of a lifetime for Mounds View and he hoped they did not pass it up. Mounds View City Council June 20, 2005 Special Meeting Page 7 Larry Huff, 5512 Erickson Road, stated he has lived in the City for 25 years and expressed concern about the traffic and noise on County Road I and Erickson Road. He stated he did not want to deal with more traffic. He stated Medtronic was a good company, but believed their employees would commute. He stated he worked for another City as a plan reviewer and he did not know if Mounds View Staff could handle the amount of workload this project would entail. He stated he did not understand why Medtronic would come to such a small community and expect “the world”. He stated in Maple Grove, none of their TIF financing was over ten years. He noted in 25 years very few people in the room would be alive to benefit from this. He stated he did not golf, but he was concerned about the noise and the decrease in peacefulness they would no longer have if this development went through. Tom Belisle, 2515 County Road H, asked if New Brighton had turned down Medtronic. He stated he did not believe there would be a negative impact to property values if this was approved. With respect to TIF, he stated if they went any other route, there would be a cheaper development on the site. He stated he could not see maintaining the golf course that could not maintain itself except for the billboards. Steve Larson, 2150 Arden Court, New Brighton, Mayor of New Brighton, stated they had been in negotiations with Medtronic, but New Brighton could not meet all of the needs Medtronic required. He stated New Brighton could not afford to go any further and negotiations fell through. Eric Bakke, 5250 Jeffery Drive, presented a petition from 135 students from Irondale objecting to this proposal. He stated the high school students cared about the golf course. He noted the golf course benefited youth in that it taught golf, fitness, and healthy living. He stated the golf course also provided the youth with something. He indicated this business would not generate people coming into the City to do something on a Friday night or weekend. He stated it was hard to believe that $100,000 would “save” the Mounds View schools. He noted Mounds View was no Edina and he did not believe Medtronic employees would move into the City, but would move to surrounding cities. He asked what the salary range was for the new employees and asked what the average household value in Mounds View was. City Administrator Ulrich responded the average salary at Medtronic, excluding executives would be $70,200 per job and the average household median value household in the City was $168,000 to $170,000. Dan Mueller, 8343 Groveland Road, hoped the Council/EDA had not already made up their minds and had listened to all of the residents. He expressed concern about the increase in traffic. He stated if the City wanted to pick up an extra $44,000 in taxes, why not take some of this land for house lots and collect taxes that way. He stated the City needed a grocery store and other businesses including restaurants and not more drug stores. He stated if his taxes only went down $1.00 per year, he would rather subsidize the golf course and see the wildlife instead of large buildings and parking lots. Ms. Kvilvang noted this was not only the $43,000 annually in taxes, but that the first year there would be a 6 million dollar surplus brought into the City. Dennis Hammes, 5511 Quincy Street, expressed concerns about traffic and noise. He stated the City would need to hire additional police officers and suggested Medtronic fund these extra Mounds View City Council June 20, 2005 Special Meeting Page 8 officers because they were getting this tax break. He stated he was not necessarily for the golf course because he did not play golf. He noted this was only a first bid and believed the City could get a better offer. He suggested the City look at other alternatives also. He believed The City could negotiate a better deal with Medtronic, such as bringing down the TIF to 8 or ten years. He asked if this development created more residents, where would those residents live. Community Development Director Ericson responded there were parts of the City that could be redeveloped where it would be a possibility to add homes, but the City was fully developed. Nick Hammes, 5511 Quincy Street, stated the $100,000 given to the Mounds View School District was over 25 years, which was only $300 per school per year and he did not believe this was a large gift for a multi-billion dollar company. He stated a vote for Medtronic was a vote against the community. Steve Bakke, 8261 Sunnyside Road, asked how they arrived at the 19 million dollars. He believed at the end of 25 years, the property would be worth more than 12 million. He found it interesting that the Blaine parcel would cost them 11 million and they were selling theirs for 8 million. He stated he was did not play golf and he agreed that if the City owned that property it should be looked at like a business and there should be some value there. He stated he was excited when he found out that Medtronic was proposing to come into the community. He stated his wife was concerned about the traffic increase and the additional airport use. He stated the benefit Mounds View received in property taxes would offset any negatives. He stated it appeared the County, State and Schools would benefit from this proposal, but he did not see any benefits coming to the Mounds View taxpayers. He stated there should be some TIF Financing, but not 25 years. He suggested 8 to 10 years would be more reasonable. Mayor Marty recessed the meeting at 9:14 p.m. and reconvened the meeting at 9:20 p.m. Antoinette Sprung, 8465 Groveland Road, expressed concern about the safety on County Road J. She noted there were trucks, semi-trailers, buses, motorcycles, and airplanes going down and over her road. She expressed concern about the safety for the children in the area. She stated her main concern was safety and that signs were posted and enforced in the neighborhood. She stated she was on Social Security and could not afford to move. Ms. Kvilvang stated prior to the break there had been some questiones asked and the difference was the franchise fees, additional taxes, and that is how they came up with 19 million. Mayor New Brighton Steve Larson stated that Medtronic was going to build in New Brighton on a parcel that was in the northwest quadrant, which was now proposed to be 1,000 townhomes. He stated parts of the old dump would be excavated and they were going to build on it, which would be a successful development. He stated they were looking at a timeframe of 5 years when it would be fully built out. He noted there was life after Medtronic and they were actually going to come out ahead now. He stated traffic would not get any better because there were no funds coming to 35W for at least the next 25 to 30 years because there was no money available from the State. Mounds View City Council June 20, 2005 Special Meeting Page 9 Cynthia Winegarner, 2200 Highway 10, AmericInn and the Mermaid, stated she was a stakeholder within the AmericInn and the Mermaid and believed it was rude that the Mayor asked her to hold her comments and then had the Mayor of New Brighton speak before her. She noted Medtronic already did a tremendous amount of business with them and their business increased 25 percent year over year. She noted Medtronic created revenue in the City. She stated they shuttled their guests around to local businesses and utilized the businesses in the City. She stated Medtronic employees would have an economic impact in the City. She stated the economic outcome to the City could be irreversible if Medtronic did not come into the City. Mayor Marty apologized to Ms. Winegarner for asking the Mayor of New Brighton to speak before her. Peter Weinberger, 8011 Eastwood Road, student at Irondale, stated a few weeks back he made a big mistake by basing his term paper on the current activities on the EDA and Council. He noted he had interviewed three of the Council Members and had received some of the same information. He stated he had also done a survey and came up with different results. He believed the Medtronic employees would eat at their cafeteria instead of patronizing the Mounds View businesses. He asked if Council Member/EDA Commissioner Gunn had a conflict of interest because she worked for the Mounds View School District. Council Member/EDA Commissioner Gunn replied $100,000 would not affect her job whatsoever and she doubted she would ever see any of that money; it was not a benefit to her, and she did not think this was a conflict of interest. Byran Griffin, 5505 Quincy Street, stated this was a big decision and the TIF financing was a big question mark. He stated 26 years to go without any taxes was too long. He indicated the voters should decide this question, not the Council. He expressed concern about safety and the increase in traffic. He noted everyone had traffic issues and speeding problems, but the way to solve it was not to add more cars. He stated they should look at some of the other options presented by the Community Development Director. Cindy Sebesta, 2146 Hillview Road, stated she knew people who worked for Medtronic and they liked the company, but she differed with the way this was structured and the sale price. She noted the City had a lot of other options and they needed to look at this. She asked if this would benefit the parcels that were included in the other TIF districts. She stated people had to look at this on a personal basis and what this was costing them and they needed to reexamine the price structure and TIF funding. She stated she did not want to subsidize a large business. Jayne Griffith, 8778 Alamo Circle, Blaine, congratulated the Council Members for holding this meeting. She noted she had lived in Fridley when the previous Medtronic proposal came in and the City of Fridley did not handle it properly and hold a public hearing. She stated she was opposed to this development. She indicated their quality of life would decrease due to the increase of traffic, noise and light pollution. She stated it made her calm to see the golf course and people out there golfing. She noted she was distressed about the major extreme in traffic. She expressed concern about flooding due to the rapid development and the impervious surface. She stated she believed it was highly doubtful there would be an economic benefit to the citizens of businesses of Mounds View. She noted there was already a Medtronic facility very close to Mounds View City Council June 20, 2005 Special Meeting Page 10 Mounds View and she did not believe that facility added to the economic benefit of Mounds View. She asked if there would be any animal research at this facility. She stated Medtronic had been given the world in Fridley and knew first hand that when they got the Fridley facility that they “ran over” the citizens who had no say in the process, including her parents who lost their home to the Medtronic World Headquarters building. Aaron Backman, Economic Development Coordinator, stated he understood that 50 percent of the Medtronic employees ate out of the facility. John Dietrich, RLK, stated in terms of the traffic on Xylite, there would be a traffic signal proposed on Coral Sea and County Road J as well as improvement from Naples. He stated the traffic increase while it would be coming would be managed. Rodger McCombs of Medtronic stated there would be no animal research at the facility. Michael Hemenway, 8389 Pleasantview Drive, stated he grew up in this community and moved back to the City. He indicated he was partial to big business and he supported this proposal. He noted there was not much to do in Mounds View and it would be nice to have some respect be brought back to the City again. He stated he would be happy if his property taxes did not go up. He acknowledged this would be a difficult choice. Lisa Rolfs, 8429 Eastwood Road, stated she has never worked in the City, but they chose to stay in Mounds View due to the quality of life. She stated the Medtronic opportunity was a once in a lifetime opportunity. She stated there were a lot of good things about the proposal that made it attractive such as the trail proposal, the green space on the site, and the benefits to the schools. She stated generally she was for it, but she was not necessary for this “deal”. She felt the City was being out negotiated by Medtronic and did not want the City to give out too much. She expressed concern that they were at the top level of the TIF financing right away and that the traffic and noise issues had not been addressed. She noted they needed to have a concrete plan in place with much more information concerning the traffic as well as the increased need for public service officers, etc. She stated the City needed to think big and any proposal should remove all of the billboards. She asked the Council/EDA to determine what they wanted Mounds View to be. She noted this was a large, attractive site, and ideally situated. She stated the City should not underestimate the value of this. She asked the City go back to the table and renegotiate. Valerie Amundsen, 3048 Woodale Drive, stated she had done some research and Mounds View was one of the highest taxed cities in the entire metropolitan area. She stated Medtronic had grown their revenue from 6.4 billion to ten billion, which is a large increase. She stated Medtronic’s taxes have grown 83 percent to 1.8 billion. She noted their income was growing faster than their revenue. She asked at what cost was the company growing and asked if they were taking advantage of Mounds View. She stated she did not want to be taken advantage of. She noted she was a stockholder in the City and she cared about the bottom line and the future and she wanted to see the City’s leaders do what was right. She noted she had not seen any evidence that this was the best thing for the City. She asked the City to explore what was best for the City and the land. She stated this was a great deal for Medtronic, but was it the best for the Mounds View City Council June 20, 2005 Special Meeting Page 11 City. She stated this proposal would not make a bit of difference on her property taxes. She stated she had nothing against Medtronic and believed they were a good company, and that was not the debate, but they needed to do what was best for Mounds View and they needed to be sure that this was the best use of the land. She stated Medtronic’s stockholders wanted them to negotiate as cheap of a deal as possible, but that did not mean that is what was best for Mounds View. She requested the City should look at all options. Sid Inman, Ehlers & Associates, responded the TIF Financing was 40 percent less than Medtronic could have asked for and this had been negotiated down. He noted the important thing to distinguish was that the multi-million dollar corporation could buy the land, but the reality is that they would not buy the land and Medtronic would want what was best for their stockholders. Ronald Strittmater, 2911 Wyoming Avenue South, St. Louis Park, formerly of Coon Rapids, stated he was introduced to The Bridges 8 years ago and he played there every weekend and sometimes during the week also. He indicated one of the reasons he left Coon Rapids was because of the traffic. He stated he enjoyed this community and he came up to this community two or three times a week to play golf. John Kulp, 8461 Spring Lake Road, thanked the Council for listening to them. He stated he had lived in the community for 10 years. He stated he did not want Mounds View to turn into a “little LA” and he moved here because it was a small community, yet it was close to the City. He stated he did not want this community to turn into something it was not designed to be. He noted jets were being proposed to come to the Blaine Airport. He stated he was not anti-business and he understood Medtronic’s deserved some help to come into the City, but Mounds View had very little available land and he did not think Mounds View was the appropriate place for this business. He stated he did not have a problem with growing the City, but this was a small city and everyone had to make choices. He stated did they really need to sell the golf course. He suggested the City do a better job of advertising the golf course. He stated there had to be a way to make The Bridges more profitable without giving it up entirely. He believed the City could do better. Cathy Olin, 8245 Spring Lake Road, believed her road was the busiest road in Mounds View. She asked if the City had looked at any other options. She stated the Mounds View residents moved here for a reason – the land, the trees, and the community. She believed the residents should have the vote and not just the Council. She believed most people speaking tonight wanted to keep the golf course. She noted many people came from other areas to play the course because it was a good course. She indicated they needed something to draw the people to the community, like restaurants. She asked them why the City had not put a restaurant on the golf course to get more people to come into the community. She asked if Medtronic had taken any Council Members/EDA Commissioners out to dinner or for drinks, etc. Mayor/President Marty replied as a Council/EDA they had not seriously looked at any other options. He indicated Medtronic had not taken any Council Member/EDA Commissioner out and the only time the Council/EDA had met with Medtronic had been at City Hall in Conference Room C. Mounds View City Council June 20, 2005 Special Meeting Page 12 Aaron Backman stated in July, 2004 CRESA partners approached the City and within a week and a half of that they had received some calls from a couple of residential developers expressing an interest in the site. He stated they had one plan for various townhomes and other types of residential development that could occur on the site, which was brought up to the Council, but staff did not believe this was the highest or best use for this location and nothing further was done with that proposal. He stated this spring they were also approached by a developer for a large campus, which was also brought to the EDA’s attention and it was felt that this development might not bring in the amount of road development necessary. Carol Mueller, 8343 Groveland Road, stated she heard the only way there would be improvement to County Road J was if Medtronic took the golf course. She noted she had presented a petition in the past regarding Groveland as a cut through. She asked what the rush was. She asked if the deal was already made and was the City wasting their time. She indicated she wanted the best for the City. She noted if this deal went though she wanted to see a benefit in her lifetime and not have to wait 25 years. She requested the City pull in some more opinions and think about this for awhile. She asked the City to step back and reevaluate what their true purpose was. She asked why the City was being pressured into making a decision. She asked the City to look at other options. She asked the City to look at all offers. She noted this was a beautiful community and while she was not a golfer, the course was very nice. She asked the City not to rush into this deal. She asked the City to consider everything they have heard tonight and take a little more time before they made a decision. Stacie Kvilvang responded the Council/EDA had not made up their mind and this was not a done deal. She indicated this was not the first deal the City had considered, but this was the first financially feasible plan presented to the City. She noted Medtronic was a large corporation, but that did not mean they were better negotiators. Tim Roberts, 1113 Nassau Circle, Blaine, stated this came to his attention because he was a beginning golfer and he golfed at this facility. He indicated there had been a lot of numbers given tonight and the ones that concerned him was the length of the TIF financing. He noted the City was getting a taxpayer who was not paying taxes for 25 years and the second phases of their development went out to 2014 and therefore, they were not getting taxes for 44 years. He noted this development would increase administrative costs and the City would spend a lot of money without having the tax money come in for a long time. He stated this TIF was just too long and the City did not realize any economic benefit for a long time. He stated he was a CPA and this did not appear to be a good financial deal for the community. Stacie Kvilvang responded it was true that 25 years was the maximum term, but there were communities where TIF had been shortened and she anticipated that this TIF would be paid off within 19 to 20 years. Brian Amundsen, 3048 Wooddale Drive, stated he was upset the amount of time staff and non- staff was taking answering questions instead of the Council/EDA answering. He stated the Council/EDA was hired by a citizen vote to represent the citizens and they were charged with a significant responsibility by growing the community and keeping it fiscally sound. He stated the Council/EDA represent the citizens and voters in the City and asked them to fulfill their duty to the citizens. He noted the Council/EDA did not represent outside businesses. He noted the Charter stated the City would need to transfer the property to the EDA and also noted the Charter Mounds View City Council June 20, 2005 Special Meeting Page 13 allowed a referendum petition to be submitted. City Attorney Riggs stated the Ordinance would need to be adopted and residents would have 30-days to submit a referendum petition. Mr. Amundsen stated it would be necessary to get 990 signatures for a referendum petition. He noted Mounds View was one of the higher taxed cities in the area and had more TIF than most cities in the state. He stated the City had a real need to improve their income. He stated the Council/EDA needed to decide why they were allowing a private bid instead of competitive bidding. He believed there was already a TIF District on the Sysco property and asked if the City was planning on retiring that District in order to create a new TIF District. City Administrator Ulrich replied there was an existing TIF District on part of the parcel and that District would still exist in part. Shelly Eldridge, Ehlers & Associates, stated it had been awhile since she looked at those specifics, but she believed there might be a small portion of the District that would need to be decertified, but the main District would remain in tact. She requested additional time to answer this. Mayor Marty stated that he would have been more than happy to answer and respond and staff was because it was the consensus of the rest of the Council that for this meeting tonight, staff and Ehlers and associates would answer the questions to get their expertise out. He stated they were aware the Council represented the citizens and they took that responsibility seriously. He stated competitive bidding was a good point. Duane McCarty, 8060 Long Lake Road, stated he supported the concern about staff answering rather than the Council. He stated because Council was not answering, they were allowing staff to do their job. He stated Ehlers & Associates has been using an abstract value from Ramsey County as their base value. He stated the fact was that the actual number was 9.1, which was 2 million higher. He suggested the City pay the one million and tell Medtronic that they would consider their offer. With respect to the 20.5 million for transportation improvements, he stated unless they had that in writing, he did not believe MnDOT would come forward and this should not be used as a carrot for the residents of the City. He noted 25 percent of the City’s tax base was in TIF financing. He stated they needed to think in terms of the future within the residents’ lifetimes and a 25-year TIF was too long. Stacie Kvilvang stated the difference in the numbers was that one of the parcels included in the notice was not in the TIF District. She noted one of the parcels would remain exempt, which was the former Sysco property. Bob Glazer, 2625 Hillview Road, stated Medtronic was a fine company, but it was one of several fine companies in the area. He stated the City Council was required to hold a public hearing by law for this matter. He asked if Council had a predetermined position on this and he requested Council and not the staff respond to this question. He stated he was afraid of the answer because so much as gone on because the EDA and the Planning Commission has passed this, as well as a lot of legislative pressure. He stated he was disappointed with the TIF financing. He believed the number of jobs Medtronic were proposing was too optimistic. He noted the golf course was Mounds View City Council June 20, 2005 Special Meeting Page 14 owned by the residents and it was the City who had control of this and the future use of this land should be determined by the resident’s and not only by the Council. He stated the billboards were compatible for the golf course, but not for Mounds View. Mayor/President Marty stated to poll the Council would not be justified because they were not yet ready to take a vote. Council Member/EDA Commissioner Stigney stated he was a taxpayer and his predisposition was to do the very best for the overall taxpayer. He stated he would make up his mind as to what he thinks was best. Council Member/EDA Commissioner Thomas replied she did not have a predetermined position. Council Member/EDA Commissioner Flaherty stated he had not made up his mind and asked them to be allowed to gather all of the information and make a decision. He stated the citizens made him a representative for the City and that was what he was going to do. He stated he would make the best decision he could for the City. Council Member/EDA Commissioner Gunn stated she was not the swing vote and she had a mind of her own. She indicated she needed to hear from everyone so she could make a decision. She stated they were all going through the numbers and the information. Mayor/President Marty stated he had in the past stated that based on the information he had at different points that he could not vote for this deal, but now they were getting more information, pieces of the puzzle were coming together, but he still wanted to hear from the residents. He stated when he has met with the Medtronic representatives, he had always told them that whatever deal came in it had to be the best deal for the citizens and if he did not feel it was the best deal, he would not vote for it and at this time, he was still waiting to hear from everyone and he was still gathering information which was still coming in. He noted, personally, on a decision of this magnitude, he would not feel uncomfortable at all for this to go to a resident vote. Jim Gould, 7879 Spring Lake Road, stated it appeared the Council/EDA had painted themselves into a corner and asked who would pay the $312,000 staff time if this did not go through. City Administrator Ulrich responded right now the amount was at $314,000, which would be the responsibility of the City if this did not go through. Mr. Gould expressed concern that the bill would keep going up and the taxpayers would end up paying for it. He expressed concern about the increase in traffic. He expressed concern about the increase in planes at the airport. He stated the City needed to look at the recreational asset the golf course was to the community and it would be better to hold onto the land because the land value would always be there and there was no rush to get rid of it right now. He stated the golf course probably got utilized a lot more than they realized. He believed this was a conflict of interest for Council Member/EDA Commissioner Gunn also. Mounds View City Council June 20, 2005 Special Meeting Page 15 Mayor Marty stated the issue of conflict of interest had already been raised and addressed. He indicated this was a public elected job and a public school system and he did not see this as a conflict. City Attorney Riggs stated from a legal standpoint, this was not a conflict of interest. Wendy Marty, 2626 Louisa Avenue, stated this was her opinion and her opinion alone. She stated she had lived in Mounds View for 15 years and she grew up in St. Anthony, which she loved, but she could not afford to live in St. Anthony. She stated she was sure Mounds View had the lowest income in the area. She stated the Medtronic proposal was not a good proposal and she recommended they realign the golf course and sell a portion of the property to Medtronic. George Winiecki, 2704 NE County Highway 10, stated he has been doing business in Mounds View for 21 years. He stated in owning his own business he learned a lot and he had trouble when the City got involved in property ownership because it led to problems. He stated the City did not belong in business. He noted they had to put their emotions aside and look at this in strictly a business sense. He stated he was for Medtronic, but with guarded reservations. He believed Medtronic should “sweeten the pot a little more”, but at the same time, they had a great blue chip buyer and they could deal with one developer instead of a bunch of them. He stated the City had to look for a good, solid buyer, which the City had, but he believed the City needed to hold Medtronic’s “hands and feet into the fire” to get a better deal. He stated the golf course land was a great asset and it would not go away if they lost the deal. He appreciated what the Council/EDA was doing and he did not envy them, but he believed they could get a better deal. Shannon Meyer, President TC North Chamber of Commerce, stated this was a difficult decision. She noted the business community was important for the vitality of the City. She indicated they had asked their members for input regarding this proposal and the members agree that The Bridges was a fantastic golf course, but some of the concern was the overall feasibility of the golf course with the main concern being the 3 percent projected increase in revenue. She noted the other golf courses in the Chamber were flat lined and were not making their revenues. She stated the same quality of life issues that the citizens were concerned about were the same issues businesses were concerned about. She noted it was important to revitalize the school system, which this project would do. She stated it was great to have the 20.5 million dollars for road improvements. She stated the impact of Medtronic was great on the local businesses. She asked the City look at all perspectives and noted without businesses they could not have a City. Jerry Blanski, 2933 Wooddale Drive, stated he wished they had all of this material in their hands prior to walking in the door tonight. He stated many people could not see the display screen and recommended it be raised up the next time. He thanked Stacie Kvilvang of Ehlers and Associates and wished he could present something as well as she did. He stated he had received a flyer in his mailbox today regarding this proposal and did not understand why anyone would distribute this type of a flyer. He stated he was not for or against Medtronic and he did not play golf, but if the City was looking at different options, the City was looking at a good company that did good things for the entire world. He stated he did not the City should open this up to bids because there was the risk of getting a company in there that was not as good. He asked if they were so proud of the golf course, why the City had signage on a skid on County Road J and Coral Sea Street to advertise the course. Mounds View City Council June 20, 2005 Special Meeting Page 16 Todd Leffler, 7660 Woodlawn, New Brighton, and owner of a rental property in Mounds View. He stated as he drove here this evening and drove by 19 for rent signs. He noted it was a tough rental market right now. He stated there were 1,400 rental units in the City which was a huge part of the population. He noted he was losing money and could not afford to raise his rent, which meant he could not put more money into the building and therefore the building get run down and the quality of tenant went down. He noted the police were not issuing speeding tickets because they were busy at the rental places. He stated he wanted Medtronic in the community so he could put some money back into his rental building. He stated if they did not have Medtronic, they would have a “Pawn America” community and the community needed new jobs and fresh blood. He stated he lived off Interstate 694 and he would gladly take the freeway noise of this community. He stated he did not believe the Mayor of New Brighton when he indicated new Brighton was going to put townhomes on the dump. Mike Read, 2208 Lois Drive, stated all they have been hearing tonight was numbers being added and subtracted to make anything look good. He stated he golfed, but there were other golf courses. He indicated he did not like the 25-year TIF Financing and if that could be lowered, he believed more people would be in support of this proposal. Fritz Gastreich, 5030 Bona Road, indicated he was in favor of this proposal. He stated they were 12,000 residents in a 3 million population metro area. He believed it was amazing Medtronic chose this community for their facility. He thanked Medtronic for giving Mounds View consideration. He stated there seemed to be a bit of a consensus that the City should go back to the bargaining table to get a better deal. He stated the City needed to remember that Medtronic was a world class business and being a world class business Medtronic had world class competitors and Medtronic did not have time to sit around and negotiate endlessly on their business future. He indicated there were many, many other options for Medtronic. He stated if the City was walking away from this, they were walking away from Medtronic and in the meantime the City would be subsidizing the citizens around them to the tune of 80 percent for the non-citizens who used the golf course. He requested the City keep in mind that most likely this was final one way or another and Medtronic would look for other options. David Jahnke, 8428 Eastwood Road, pointed out the City prepared a survey on these issues and 62 percent of the people wanted to get rid of the golf course so he did not think they needed a citizen vote on this. He stated time was running out and the golf course has been “bleeding” the City. He believed cities should stay out of business and the golf course has lost money since day one. He stated there were no guarantees that the golf course would ever make money. He noted the billboard company could cut their contract in five years or cancel it altogether. He indicated they had to count on good weather in order for the golf course to make money. He stated with the Medtronic proposal, they did not have to depend on the weather or billboards to make money. He stated they had an opportunity that they would never get again. He noted they did not have time to waste and Medtronic would pull out and the City needed this tax base, even though they might not see the entire realization for many years. Mounds View City Council June 20, 2005 Special Meeting Page 17 John Kopas, 2222 County Highway 10, stated he had very strong emotions and if he lived by the golf course, he would be concerned about the traffic also. He noted he was before the Council about 2.5 years ago and he was the victim of Brighton Village and was told he had to move because they were going to get torn down. He noted he did not want to move, but he was not given any choice. He believed the Medtronic employees would do business in Mounds View. He stated Highway 10 was beginning to look nice and the City should be proud. He supported Medtronic coming into the community and there were a lot of benefits to having a first class company come to the community. Stacy Gardebrecht, 8484 Sunnyside Road, stated this was the first time she had heard that The Bridges Golf Course was owned by the City. She noted she had lived in the City for three years, but did not know the City owned the golf course. She stated the City should never say never and the Council/EDA needed to look at what was best for the community. She asked if there was a guarantee that Medtronic would be a good solid company and still be in the community in 25 years. She noted there were no guarantees and asked what would happen if Medtronic was not around in 25 years. Edwin Benson, 5108 Long Lake Road, stated eventually the golf course would probably have to go, but he did not believe this was the appropriate development because of the 25-year TIF financing. He noted the City was not making any more land, so the land would not go down in value. Bill Folkes, GM and Director of Golf, 701 Bunker Lake Boulevard, stated he had read through the proposals and he had done a lot of research over the years. He noted under option one he would not place a lot of weight on the three percent yearly increase. He indicated they were budgeting flat rounds over the next couple of years, so the three percent was hopeful, but he would not put a lot of stock into it. He believed it would be a good idea to determine what the utilization rates were back in the year 2000 and if it continued to grow to the level of 50,000 rounds could they actually do a level of 50,000 rounds, and if they could not do that to break even on the property, they had to take that into consideration. He asked how much longer the City would want to subsidize the golf course. Mr. Blanski asked if this went through that Medtronic consider putting their address as Mounds View and not Minneapolis. Brian Amundsen asked if they had checked into how much TIF money a City should be allowed. City Administrator Ulrich replied they had not looked into this. Mr. Amundsen requested they look into this. Mr. Amundsen asked what the City was going to do with the existing TIF District they already had in place. Shelly Eldridge replied all of the parcels they were looking at putting into the TIF District were currently exempt and therefore they were already not generating taxes and they would have no effect on the current tax district. Mounds View City Council June 20, 2005 Special Meeting Page 18 Mayor Marty requested staff look into if there were any guidelines for the use of TIF. 10. CLOSE THE PUBLIC HEARING Mayor Marty closed the Public Hearing at 11:52 p.m. 11. NEXT STEP City Administrator Ulrich stated the next meeting would be on Monday, June 27, at which time Council/EDA would be either approved, table or deny this Resolution. Mayor/President Marty stated he did not know why they needed to only look at this option and noted on a project of $50,000 or more they needed to get three bids. MOTION/SECOND. Marty/Flaherty. To put out RFP’s to see what other bids might come in and what other options there were. Council Member/EDA Commissioner Stigney stated from what he heard there was something that was passing here and he did not see it as prudent to go out for bids and suggested they look at the merits of this project alone and see what happened at next week’s meeting. Council Member/EDA Commissioner Gunn agreed and to do this now would open a can of worms that they did not need at this stage and if Mayor/President Marty was not in favor of this project, he could vote this down next Monday. Mayor/President Marty stated he wanted to throw this out because they were tentatively set to take a vote on this next Monday and whether this passed or failed he wanted this set out for discussion. Ayes -2 Nays -3 (Council Member/EDA Commissioners Stigney, Thomas, and Gunn) Motion failed. 12. ADJOURN The meeting was adjourned at 12:00 a.m., June 21, 2005. Transcribed and recorded by: Kathy Altman TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting June 27, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:05 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Flaherty, Commissioner Gunn, and Commissioner Thomas NOT PRESENT: 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Flaherty. To Approve the June 27, 2005 Agenda as presented. Ayes – 5 Nays – 0 Motion carried. 4. PUBLIC INPUT Barbara Haake, 3024 County Road I, referenced Items 7A and 7B on the agenda and asked that the Commissioners give at least three reasons for the way they vote on each item. 5. APPROVAL OF MINUTES. A. EDA Minutes June 13, 2005 The June 13, 2005 EDA Minutes will be presented at the July 11, 2005 EDA Meeting 6. CONSENT AGENDA A. Resolution 05-EDA-203 Approving the Proposed Sale of Land comprising the Bridges of Mounds View Golf Course; and approving the Development Proposal and Terms of the Purchase Agreement and Contract for Private Development. Aaron Backman, Economic Development Coordinator, stated that since last summer the Mounds View Economic Development Authority and the City Council have authorized Staff to undertake various steps regarding the golf course redevelopment and Medtronic project including a Wetlands Delineation Study, a commercial appraisal, an Alternative Urban Areawide Review, Mounds View EDA June 27, 2005 Regular Meeting Page 2 (AUAR), a boundary and topographic survey and pursuing a Comprehensive Plan amendment. He stated that at the end of December 2004 Medtronic presented City Council with a preliminary term sheet concerning the acquisition and redevelopment of The Bridges. He stated that as a result of City Council’s consideration of the offer Council directed Staff to continue to proceed with negotiations with Medtronic and to pursue a course of action consistent with potentially selling The Bridges for redevelopment. Mr. Backman explained that the term sheet indicated that the Mounds View EDA would seek special TIF legislation that would permit a 25-year TIF Districts. He further explained that the term sheet indicated that the City would contact Clear Channel to arrange for the removal of the billboards noting that two of the five Executive Sessions held by the EDA were to discuss negotiations with Clear Channel. He stated that they came to agreement with Clear Channel by mid-June. Mr. Backman stated that the development proposal, including the terms, the purchase agreement and contract for private development, are included in the packet for their review adding that this document was provided to the attendees at the public hearing held last Monday, June 20, 2005. He explained that under the proposed agreement Medtronic is paying $8.65 million to acquire the property from the City and contributing $1 million to the State Highway Fund for the reverter clause federal interest. He stated that the company would also pay the City $865,000 in park dedication fees, $670,000 for compensation pertaining to the billboard signs, to cover the city administration costs and the customary permit construction fees. He stated that the City expects to net over $5 million from the sale at closing and after the golf course debt is paid off. He stated that Ehlers and Associates, the City’s TIF financial advisor, has done a comparison of the ‘as is’ model with the Medtronic model noting that they have projected that the fund balance, as of December 31, 2033, would be approximately $7.5 million for the ‘as is’ model and $19.4 million for the Medtronic model. He noted that a graph is included with the report adding that when the models are graphed it is clear that the City is better off financially every year after the course is sold to Medtronic for the life of the proposed TIF District. He stated that the economic impacts of the project are profound for both the City and surrounding areas. He explained that it would increase the city’s tax base by 8-percent in Phase 1 and would leverage $20.5 million in State funds to reconstruct and upgrade area roads, which are used by both area residents and businesses. He stated that the city would benefit from having a premier company that is willing to spend well over $100 million in private investments in this City and garners a business partner interested in the community’s future including its’ schools. Mr. Backman indicated that there are other alternatives available noting that each of those alternatives have a greater level of risk than the current proposal adding that the long-term tax- base impact would also be less. He stated that given the positive impacts of this proposal it is recommended that the Mounds View Economic Development Authority adopt Resolution 05- EDA-203. Mounds View EDA June 27, 2005 Regular Meeting Page 3 President Marty referenced page five of the report noting that it states The Bridges AUAR authorized by the City reviewed all transportation issues related to the proposed development of the site. He stated that as he read through the AUAR a question was raised as to what kind of traffic impacts this could have on the City. He stated that he believes it was stated this aspect of it was not really looked at or addressed. He stated that they are looking at County Road J, 35W, Highway 10 and Airport Road noting that the actual traffic impacts to the City south of Highway 10, if recalls, was not addressed in the AUAR. Mr. Backman explained that the AUAR focused on the site itself to determine how the traffic patterns are currently, and how they would proceed if there were a development on the site. He explained that it was determined that most of the traffic would be in terms of Highway 10 and 35W. He acknowledged that there was not traffic counts down south of the Highway 10. President Marty referenced the June 20th Public Hearing stating that this issue was expressed as a major concern by many of the residents. He stated that he too is very concerned as to the impact the additional traffic would have on the city adding that this aspect should be addressed. President Marty referenced page eleven, Item 3A, states retention, relocation, termination\acquisition of billboards leaseholds, noted five lines down it states that Clear Channel would pay the city $15,000 annually for each sign for years 1 to 10; $20,000 for each sign for years 11 to 20; $35,000 for each sign for years 21 to 30. He stated that it was his understanding that Clear Channel could walk at any time from the current agreement noting that if this is the potential why does it appear to be bottom –loaded. City Attorney Riggs confirmed that they did discuss the contents of the existing leases between the City and Clear Channel. He explained that it is not an issue that they could possibly walk without the City or EDA having a remedy. He assured the Commission that they would clearly have options noting that the bottom line is that the leases that exist now are valid and would continue on. He stated that any other lease they would have moving forward would be the same. He stated that any lessee could abandon the leased interest noting that this does not mean that the City does not have remedies available that could be pursued. He noted that the present lease does have this included, as would any other lease the city would enter into. President Marty clarified that his concern is that he could see how they could have more of a tendency to walk if they are paying $250,000 per year versus $35,000 per sign. Carol Mueller, 8343 Groveland Road, stated that she has been praying for the city regarding this decision. She stated that she is praying that certain individuals on the Council would not have to be reminded of their responsibility and their ethics. She stated that ethics is the best word she can use in regards to this noting that if she worked for a company that was going to receive a benefit from the sale of a property, whether or not the benefit would trickle down to her level or not, she would exclude herself from the vote. She stated that if she had a relative working for the Mounds View EDA June 27, 2005 Regular Meeting Page 4 company and working as a part of the negotiation team, she would also exclude herself from the vote. She recalled several years ago it was brought before the residents of Mounds View to vote on the whether they wanted to establish a golf course on this property. She stated that as she recalled the residents of Mounds View wanted the golf course and also took into account that it would take a few years to become profitable and were ok with this. She stated that it is her hope that with good ethics one would let all of the residents in this community have all of the facts and put it to a vote. She acknowledged that the pressure is on, with all of the groundwork that has already been laid, to get through this quickly to break ground in time. She expressed concerns stating that sometimes there is a rush to action that might not be the right action. She stated that she is praying that we all do the right thing. She stated that she is very interested in Mr. Backman’s statement was a $20.5 million allocation to improve area roads. She asked for clarification noting that it is her belief that the dollars are specifically earmarked for the County Road J/35W interchange and the improvement of that access from County Road J to the freeway. She clarified that it was her understanding from what was said at the public hearing that the only improvements to County Road J would be the striping and widening the turn area at the turn signal light near Sysco. Mr. Backman clarified that the $20.5 does include substantial improvements along County Road J noting that they have to reconstruct and widen it. He stated that they have to have turning lanes at various points noting that the way the legislation is written there is more than one pot of money. He stated that there is a $5 million allocation in the redevelopment account written specifically to the City of Mounds View for public improvements. He stated that there is another allocation for biosciences noting that it indicates there should be public improvements and does not specifically state that they cannot improve County Road J or the turning lanes. He stated that it is actually fairly broad. Ms. Mueller stated that it is good to know that there is a $5 million allocation in the redevelopment fund for County Road J. She stated she has a neighbor on Sherwood Road who has been talking about potholes on his street for a long time adding that there are a lot of potholes on her street too. She stated that she is very concerned about the proposed increase in traffic noting that people will not take the major routes to get to the existing proposed sale property. She stated that they would take the back roads adding that currently they already have troubles controlling the speed on these roads. She expressed concerns stating that she feels the city is selling the property way too cheaply and not getting the best bang for its buck. She stated that the voters should be given the opportunity to put out their opinion on this. She expressed concerns stating that the telephone survey did not canvas enough of the residents. She stated that one of the questions asked on the survey was whether the residents would be in favor of keeping the golf course if it were able to hold its own noting that the response was 39-percent were in favor of keeping the golf course if it was self-sufficient and 32-percent were in favor of selling. She stated that all things considered they should take time to review everything again, consider the ethics and get it to the people. Mounds View EDA June 27, 2005 Regular Meeting Page 5 Dan Hall, 2200 Highway 10, suggested that everyone should back up a bit. He noted that one of the reasons this whole problem with golf course is being discussed is because it is currently losing money. He further clarified that the main focus for the city right now is to review various avenues to increase revenue for the city without raising taxes. He stated that they are all aware that there are no streets currently in the City of Mounds View that are worthy of being fixed, they should be replaced. He stated that it is his understanding that they are talking about a potential addition of $5 million that could be used that is not even part of the overall profit that would be made from the sale of the golf course after all debts have been paid. He stated that it is his understanding that this would be in addition to the approximate $5 million from the sale to equal $10 million that could be used at the City’s discretion for street improvements. President Marty asked Mr. Hall where he came up with the additional $5 million. Mr. Hall stated that Mr. Backman was just discussing it. Mr. Backman clarified the bonding bill stating that while there is a lot of latitude on the bonding bill it is clear with all parties that the funds are to be used for the County Road J reconstruction. Mr. Hall stated that the big thing they are doing is trying to determine what is best for the City of Mounds View. He expressed concerns stating that the city is not currently in a moneymaking situation they are in a money-losing situation. He indicated that he has discussed this issue with many individuals and it is his understanding that the word is that once real numbers are made available, in black and white, a decision can then be made based on what is in the best interest for the City of Mounds View. He stated that he has also discussed this issue with Ehlers noting that after that conversation he felt very good about the money spent for Ehlers and the work they have done. He stated that people could try to say it is misleading adding that if there is anything misleading with Ehlers it’s the 3-percent gross they used on the growth period. He stated that it appears to be very clear that this is an overwhelming and substantial bonus for the City of Mounds View and urged the Commission to do what is best for the City now and for thirty years from now. Bob Glazer, 2625 Hillview Road, stated that he would like to comment on the 3000 jobs being created in Mounds View. He stated that it is his understanding that Medtronic would be closing six facilities and the employees would transfer from the closed facilities to the Mounds View location and the net increase would be zero except for the growth projection of 300 jobs per year. He stated that he wants it to be clear that this would bring 300 new jobs not 3000. President Marty further clarified that it would be 3000 existing positions that would be new to Mounds View and confirmed that they are not creating 3000 new jobs. Jon McKusick, 8465 Eastwood Road, referenced an article from the Pioneer Press that states approximately $24 million TIF money is expected to be spent on this project and another $11 Mounds View EDA June 27, 2005 Regular Meeting Page 6 million is expected to be spent to purchase the property in Blaine, Pomps Tire and Blaine Brothers property, for their parking lot. He asked why the City of Blaine wouldn’t be doing this and why is Mounds View giving money to Medtronic to purchase this property. Mr. Backman clarified stating that the $24 million figure should actually be $14.8 million, which is the agreed upon amount for TIF. He stated that to make the project doable and to accommodate the campus they are looking at acquiring some properties located in Blaine. He stated that the buildings would be built in Mounds View and the parking lots would be created on property that is actually located in Blaine. City Administrator Ulrich further clarified that the $24 million was their total TIF eligible expenses and they are only being reimbursed $14.8 million per the proposed agreement. He stated that Mounds View expenditures would come off the top of that and noted that at the bottom of all that is the $11 million of land in Blaine but the remaining $24 million expenditures would be Mounds View generated expenditures. He stated that because this development is located on a border and could potentially impact two Counties and three Cities, special legislation was put into place that allows the expenditures generated within this district to be spent outside of the district. Commissioner Thomas further clarified that Medtronic gets $14.8 million from the tax district. She stated that they have over $24 million that they can use the money on but have to use all of the money in Mounds View first and then they can use it on anything they have above that. She assured the residents that they would never get the opportunity to use the increment dollars in Blaine because there won’t be anything left. Valerie Amundsen, 3048 Wooddale Drive, stated that while reviewing city policies on the city website she came across a section relating to the use of business subsidies under the General Policy section that states that business subsidies should not be used for projects that would place an extraordinary demand on the city infrastructure and services. She stated this causes her some concern noting that last Monday it was stated that there would be an additional cost of $80,000 for the city in order to have this large business located on City land. She stated that it is very naïve to think that the city costs would only be this much when considering police and fire services. She asked the Commission to take a step back and review the costs. She stated that her main concern is that the main discussion about this has not been happening in a public forum due to negotiations. She stated that if they are making any decisions tonight she wants to see them discuss, intensely, all of the issues brought up by the residents. She stated that she wants to feel that all five of the Commissioners understand all of the issues that this project entails. She stated that she does not feel that the residents have seen them really engage noting that this is a huge issue and impact on this City. She stated that she wants to go home really feeling that the Commission has really discussed all of the issues and have all the answers. She stated that all questions should be answered and if not they should table it until they do have all the answers. She stated that she would also like to know the reasons behind each of their votes. Mounds View EDA June 27, 2005 Regular Meeting Page 7 Brian Amundsen, 3048 Wooddale Drive, stated that he would like to discuss this evening whether this is the right. He stated that he is here to ask the Commission to deny this resolution and the multiple parts of the resolution. He stated that things should be taken in their piece parts and in order. He stated that he does not understand how the EDA has the authority to do something, which the City has the unique authority to do. He asked if it is right that the Council and the EDA had conversations for six months out of the sight and earshot of the public so that the public conversation was delayed because it was unknown what the conversations were. He asked if it is right that Council and EDA have only had analysis about one project with the City income with the level of detail presented to the public and has not pursued the same level of detail for the other options. He asked if it is right to use private negotiations for public property when a public auction with full disclosure and open bidding allows the public to see the total results and the real interests of any other parties, plus it doesn’t create a veil over what is occurring. He clarified his understanding that Minnesota’s Open Meeting Law is intended to ensure full public disclosure and participation in matters that seriously affect the city and questioned whether this meeting law has been skirted. He suggested that a public auction would remove the sense of conspiracy or private deals and it would allow the public into the discourse. He asked if it is right to allow an issue this large to be decided by five duly elected officials when there are so many strong and diverse opinions noting that elections have been used in the past to make decisions that did not have as large of an impact on the city. He referenced the finances and asked if it is right to use TIF for redevelopment, a tool originally intended for developing housing and businesses that need assistance to grow jobs and to replace structurally unsafe buildings or abandoned buildings or unused tank facilities. He asked if it right to use this tool in order to give a business a tax break because it is a large State employer. He asked if it is right to give TIF, according to an email received from Senator Betzold, that states that it seemed right for the City of New Brighton so it seemed right for the City of Mounds View. He asked if it is right to allow an employer to change the rules by going to the legislature, their local Senator and Representative, to offer modifying language to include a one time public golf course, which they desire to change. He asked if negotiation with only one party pass the fiduciary responsibility test and is it right to put big business desires ahead of individual citizen property rights. Is it right to take citizen property and give it to business and have no appreciable benefit to the citizens for over a quarter of a century. He asked if it is right to sell a major asset of the city and only get a $43,000 in property tax with a projected $80,000 cost to the city for services. He asked if it is right to change the quality of life issues for citizens when there is no benefit to the city except for a dollar off the city taxes. He asked if it is right to undertake more turmoil in moving the Clear Channel boards when that issue was finally settled. He stated that on the issue of right or wrong, leadership is about seeing right and wrong, and even if all the pressure from business, significant business people and business citizens, and political leaders, is to lean towards the wrong decision because others do it all the time and that is what’s done. He stated that a leader sees what’s right and what’s wrong and makes the right choice to protect the citizens and the right decision to not give in to pressures from companies that have the financial means but won’t commit to do what is right and not take advantage of anyone. He stated that Mounds View EDA June 27, 2005 Regular Meeting Page 8 companies are in the business of making profits for its shareholders but does it with respect for those it interacts with or it is not doing it honestly or with good intentions. He stated that a company that knows a property is worth more than it is offering and asks for financial aid when it has the financial means to do it without is simply taking advantage because of its size. He stated that in the sandbox this is referred to as a bully, someone who uses their strength to bully their way rather than be willing to compromise so that everyone involved is in a win-win situation. He stated that his question to them is whether they are making the right or wrong choice. He stated that Medtronic is the wrong choice because they are doing it with the wrong tool, which they insist on. He thanked the Commission for their time. Duane McCarty, 8060 Long Lake Road, referenced Item 7a, stating that he placed inserts in the interest of clarity. He clarified that the preliminary term sheet is the document that was presented to the City by Medtronic. He referenced the development proposal, terms of purchase agreement and contract for private development and asked if this is what they are talking about in terms of the preliminary terms sheet. Commissioner Thomas stated that this is not the preliminary terms sheet. She explained that the preliminary term sheet is referring to what was given to the Commission at the end of the December when they began discussing whether they wanted to enter into negotiations with Medtronic. Mr. McCarty referenced the concept and asked if this is the development proposal in terms of purchase and contract. Mr. Backman confirmed. Mr. McCarty asked if the Commission is being asked to endorse the concept in the resolution. He asked if what they are approving is the first offering from Medtronic. Commissioner Gunn clarified that this is not their first offering noting that they have worked very hard throughout this process. Mr. McCarty stated that this is not hard work on their part noting that he knows they are more capable of this. He noted that Commissioner Gunn is far more capable noting that this agreement is what the citizens are upset about. Mr. McCarty referenced the potential later phases of the project and asked if this means Phase 2 and 3. Mr. Backman assured Mr. McCarty that the EDA has worked hard on this noting that they have had 8 Executive Sessions to discuss both the development agreement and the Clear Channel negotiations. He stated that they have provided significant input throughout the process. President Marty called a recess at 6:50 p.m. due to bad weather conditions. Mounds View EDA June 27, 2005 Regular Meeting Page 9 President Marty called the meeting back to order at 7:05 p.m. Mr. McCarty referenced the park dedication fee, he stated that he understands that the agreement states that the park dedication fee would be calculated on the basis of $8.6 million paid by Medtronic and that they would pay the balance of $1 million to the State Highway Fund in favor of the city. He stated that the bill that was passed under Minnesota Statutes that authorized this special legislation is that the Commissioner of Transportation shall convey to the City of Mounds View all right and title and the City shall pay the Commissioner $1 million. He expressed concerns stating that they are being offered $8.6 and the City is paying an additional $1 million to clear the land and get clear title, which is a cost to the City of $9.6 and respectfully submitted that the park dedication fee should be $965,000 and would reflect the total cost of the land to the city and the transfer over, if this project is accepted as presented. Mr. McCarty noted that there was information presented from staff outlining several options noting that he would like to address the last option on the $7.2 million the City would end up with in the end. He referenced the ‘as is’ investment option stating that this was not mentioned and noted that if they were to keep the property ‘as is’ for the same term, projecting it on a 3- percent per annum gain, based on its current value, the property would be worth $16.5 million. He stated that the Finance department has projected an ending cash balance of $9.6 million for a total of $26 million. He stated that this is a great deal more than the $17 million cited in the document. Mr. McCarty referenced the issue of selling the property noting Section 2.02 of the City Charter, Boards and Commission, states that there would be no separate boards of administration powers in the City of Mounds View and the Council would act as such in all cases accepting that they may appoint advisory commissions to perform quasi-judicial functions, which means advisory in total. He stated bottom line the EDA cannot sell this property. He stated that the Council does not have to transfer it under ordinance noting that if they wish to note to the EDA that they want the EDA to negotiate this project they can do that by simple motion. He stated that under Section 12.05, Sales of Real Property, it is stated very clearly that no real property of the city would be disposed of except by ordinance. He stated that it also states that the proceeds of any sale of such property would be used to retire any outstanding debts of the city in the purchase, construction or improvement of this or other property used for the same public purpose. He stated that he would like to respectfully submit that the golf course is a recreation activity of the city and if there are any outstanding debts on any other recreational facilities the residuals or profits on the property must first go to retire these debts. Mr. McCarty stated that the EDA resolution recommending that Council sell The Bridges Golf Course to Medtronic prior to finalization of the Comprehensive Plan amendments may be a bit premature. He suggested perusing Minnesota Statute 462, the Comprehensive Planning Act, stating that they would find that the comprehensive plans and their companion documents are one and the same, cohesive and inseparable. He stated that to go forward with the sale of a Mounds View EDA June 27, 2005 Regular Meeting Page 10 parcel of property that isn’t even zoned properly, he asked that they think this through completely. Mr. McCarty referenced the $400,000 for bringing utilities across the highway noting that it might cover the engineering fees when they look to bring Well #4 back online. City Administrator Ulrich referenced Well #4 stating that he recently spoke with the City Engineer and the well does not have to be brought online for the Medtronic project. He stated that the city would be able to service Medtronic with the existing city wells and water supply. President Marty stated that he would like to talk to the Public Works Director about this issue at another time. Barbara Haake asked at what point do they go out for bids when the city is purchasing something and what is the limit. President Marty stated that the limit is $50,000 and they are only required to have one bid. He assured Ms. Haake that they do advertise for bids. Ms. Haake stated that Mr. McCarty’s points are very legal and Mr. Amundsen also had good questions adding that it would be nice if they had time to answer their questions. She acknowledged her understanding that they are on a limited time schedule and fast track noting that she does believe that they should have had more options to consider. She stated that the vote tonight, 12.5 in the City Charter says they can go for referendum adding that she wants everyone to know that this is what they intend to go for. She stated that they want Medtronic to be aware that this is their plan once it goes into the ordinance process adding that they do not believe that there has been tough enough negotiations. David Jahnke, 8428 Eastwood Road, stated that he has followed this very closely noting that he has always been an opponent of the city owning a golf course because it loses money every year. He stated that he is appalled that a group of people put out a document that states the only entity is the golf course makes money noting he has documentation from the Finance Director that the golf course has lost money every year. He stated the numbers are in adding that anyone following this project knows the numbers. He stated that it is his belief that there is a group of people that just does not want Medtronic there they want a golf course. He stated that he does not believe that a city should be in a business and that the golf course should stand on their own. He indicated that the golf course owes the city over $4 million dollars adding that the citizens have elected this Commission and the Council to make the right decision here. He stated that he does not care if Medtronic affects him now adding that he is sure that it would benefit future generations. He stated that he hopes they make the right decision noting that the residents have voted noting the recent survey. He stated that he believes the results noting that the city has hired professionals to do this work and would take their word that the information provided is correct. He stated that they have one opportunity to get one of the best companies who treat their Mounds View EDA June 27, 2005 Regular Meeting Page 11 employees well to come to the City of Mounds View. He encouraged the Commission to make the right decision and thanked them for their time. Jackie Ensminger, 7954 Long Lake Road stated that golfing or any sport promotes family values noting that it does not make a family have values, no sport does. She stated that family values start from within the home. She stated that in the same token greed has brought down civilizations, corporations and individuals noting that Mounds View is a very small community. She stated that she has lived in Mounds View and has become very beholden to this community. She stated that people associate Mounds View with the Mermaid and thanked Mr. Hall for all of the money they have put into the community noting that the city has not promoted itself well enough. She expressed concerns stating that the Council went before the legislature to speak for the community regarding the LGA slashing and they didn’t hear the community noting that a large corporation comes to town and there is special legislation. She stated that this does not feel right adding that she does appreciate all of the hard work and effort on this issue. Mr. Hall urged the Commission to move forward and make the decisions that need to be made to get the job done. President Marty stated that he noticed Bob Thistle, a representative from Springsted, was in the audience at the June 20th public hearing. He stated that he had a conversation with Mr. Thistle and had the opportunity to ask why he attended the public hearing and whether he had reviewed the proposal. He stated that Mr. Thistle explained that City Administrator Ulrich had invited him to the public hearing noting that he did not have an opportunity to review the proposal. He noted that a lot of questions and issues have been raised regarding the negotiation process, which has been well taken. He noted that if this deal is approved it would be for a lifetime. He acknowledged that Medtronic is on a fast track and does have a real need for this facility. He stated that his question is whether this is the best deal for all involved. He stated that if they are going to do this deal they would do it right and if they are not going to do this deal they would also do it right. He stated that he does still see several issues adding that he would like to call for a motion to table this discussion and suggested that they contact Bob Thistle with Springsted to get an outside independent evaluation of the deal they have on the table. He stated that it would give them some breathing room to determine whether they are getting the best deal for the city. Vice President Stigney called a point of order stating that tabling of motions is not in order in accordance with Roberts Rules of Order. He stated that there is no motion on the floor. Commissioner Thomas clarified that tabling of a motion is not in order because there is not motion. MOTION/SECOND Stigney/Gunn To approve EDA Resolution 05-EDA-203 which states that Mounds View Economic Development Authority Resolution approving purchase agreement and contract for private development between the City of Mounds View, the Economic Development Authority and Medtronic and to waive the reading. Mounds View EDA June 27, 2005 Regular Meeting Page 12 Vice President Stigney stated that this is the greatest opportunity this city has ever had and will have in the future of this city. He stated that he has lived here for 39 years and nothing has ever come before this city like this great of an opportunity for the City. He stated that they are looking at changing a tax-exempt property that has never paid taxes and never will pay taxes to the city, county or school district because it is tax exempt. He stated that they are going to review this in comparison to what Medtronic will pay both long-term and short-term. He noted the question was raised as to what would happen when it closes out noting that Medtronic would be paying over $1 million per year to the city and you want to let it go for a losing proposition of a golf course. He stated that they would also get $83,000 in franchise fees each year and start with $43,000 to $60,000 in tax base each year that would also increase each year during the life of the TIF District. He noted the $856,000 in park dedication fees, $100,000 to the school district, $1 million to MnDOT plus the $865,000 in cash to the City. He noted that 63-percent of the people polled have said get rid of the golf course because it is subsidizing. He stated that the billboards are subsidizing it because if they weren’t paying the billboard money into the golf course it would go into the general fund. He stated that it couldn’t go to the general fund because the bond covenants state that all funds must go to the golf course. He stated that trails would also be included noting that it is mind-boggling to see where the debate has taken this issue. He stated that he is so glad that Medtronic has considered coming into this city and it is his hope that we haven’t scared them off as he would love to welcome them. Commissioner Gunn agreed with Vice President Stigney noting that they need to look at the future of the city, not just the here and now. She stated that the city as a whole is falling apart and they need the tax money coming in and the benefits now and in the future. She recalled that someone recently said that there would not be any repercussions from not having Medtronic adding that she would have to disagree with this statement. She stated that she is seeing a bigger picture noting that she has worked on the Highway 10 Committee to get this road developed adding that this would be a real boost for the city to have Medtronic come in as they could possibly attract other businesses to the area including restaurants and shops. She emphasized that they have to look at the big picture and the future, not just the here and now. Commissioner Flaherty stated that he first came to the Authority in January 2005. He stated that he has listened carefully to everyone who has spoken on this issue noting that The Bridges golf course does evoke a lot of passion within the community. He agreed that it does teach and promote family values and it is beginning to show signs that it could sustain itself now due to the billboard contracts with Clear Channel. He stated that it has a fine staff under the direction of Mary Burg and they have won numerous awards for excellence noting that it is a first class operation. He stated that Medtronic is a well-respected company that has a true humanitarian mission noting that they have been an asset to the State of Minnesota and the areas in which they have operated. He noted that they are a Minnesota company with a desire to stay in Minnesota rather than go to the highest bidder perhaps in another state. He stated that they have several components to consider including revenue for the city. Commissioner Flaherty explained that he Mounds View EDA June 27, 2005 Regular Meeting Page 13 had factored in the $5 million of surplus the City received and spread that out over the 25-years for the district. He stated that it would also include additional funding for the schools. He agreed that the golf course would maintain existing green space adding that Medtronic is only going to develop a portion of the property and the remainder would be available for use by Mounds View residents as a park facility with trails. He referenced other developers noting that he does not believe that there are more than a handful of developers in the state that could handle a project of this size within this state. He stated that they know what Medtronic brings to the table adding that other developers would be a best guess. He stated that development for residential homes would only be a continuation of the city operating on the backs of homeowners. He referenced industrial development and asked if they really want the possibility of an industry that could cause potential environmental issues, noise pollution or other additional daily traffic because of trucking. He stated that it is his belief that if the golf course property were put out for proposal by other developers he does not believe that Medtronic would be part of that group. He referenced the concerns expressed as to whether they are getting the best value for the land and the best deal for Mounds View stating that he believes that the value is not only based on monetary reasons but we need to also judge it by the type of business, the image, the potential for future growth and the type of people associated to this industry that would come into this project. He stated that over the last year he has talked with neighbors and asked them what their concerns are living in Mounds View. He stated that most responded that their biggest concerns are taxes and increases in the cost of services provided. He stated that he understands that the residents of Mounds View asked him to be their representative and to make the best decisions for all citizens. He assured the community that he has listened to everyone’s concerns and believes that the golf course has been a wonderful asset for the community but he also believes that Mounds View’s future does not lay with the golf course but it does with Medtronic. Commissioner Thomas clarified that it was her understanding that last week the meeting was designed to hear from the public and their chance to speak would be tonight. She stated that this gave them time to absorb and research to provide answers this week. She stated that she has spent much of the week meeting with many different people and talking with residents who are both for and against and somehow it seems the community can’t get around this issue becoming a personal, emotional issue. She stated that it should be about the numbers adding that it has to be about more than the dollars and cents discussed here. She stated that it does come down to how she feels about this issue and whether the questions and concerns were answered and addressed. She stated that they have been presented with an opportunity and proposal that they can say yes or no to and then deal with the next step. She explained that she has to decide, based on her beliefs and as an individual, what is best for the City of Mounds View. She stated that she understands the limitations this property has adding that any opportunities should be explored. She stated that initially she had significant concerns noting that every one of her concerns has been addressed. She stated that they worked very hard for six months raising questions and looking at all potential options. She referenced the cap on the TIF District stating that she understands what they had to do adding that she does not like the idea of a 25-year TIF district but she can do the math and understands what is being discussed. She stated that it was Mounds View EDA June 27, 2005 Regular Meeting Page 14 suggested that if this is the dollar amount needed to be competitive that it should be capped at the district and when it is reached it would end. She stated that this is their shot in getting this to be less than 25-years. She stated that this should be dealt with noting that 25-years is a long time noting that Medtronic did come to the table and agreed. She stated that it is only one thing, as they progressed, that when they had issues and raised questions, they were truly able to negotiate with the company and it is very frustrating that the community does not recognize what they have done and what they have struggled with over the last six months. She stated that this brings benefits well in excess of the $14.8 million the city is offering in way of a TIF finance noting that these dollars would come back to the city multi-fold. She stated that Medtronic managed to acquire the funds for County Road J not the city. She explained that Medtronic went to the legislature, fought for it and got it, which shows the kind of partner they could bring into this community. She stated that it would bring $20.5 million, which is far beyond the tax increment being discussed. She stated this is one item out of all the benefits the city would gain. She stated that once this goes through, if it goes through, they have a significant resource to deal with and the surplus dollars off the sale. She stated that it has been premature, as a Council, to discuss the possibilities for these dollars because we did not know if we would have them. She stated that the residents raised some very valid concerns at the meeting last week and discussed many of them with the residents last week. She noted that the city has many of these concerns regardless of whether Medtronic comes to the city or not but with the surplus pot of money that the city would have it would allow them to actually address these issues. She stated that the transportation issues have been discussed for years and have not been able to address them due to the lack of resources. She stated that the city would now finally have the resources to address these concerns. She stated that she has to hold, as an individual, that her vote is as ethical and is based down to level as she could go and is the number one right thing for her to do. She stated that the rest would have to stand as individuals on that. President Marty stated that on page 12 of the June 20th minutes Aaron Backman stated that in July 2004 CRESA Partners approached the city and within a week and a half of that they had received calls from a couple residential developers expressing an interest in the site. He stated they had one plan for various townhomes and other types of residential development that could occur on the site, which was brought up to Council but staff did not believe this was the highest or best use for this location and nothing further was done with this proposal. He stated that Roger stated we would be increasing the franchise fee by approximately $83,000 and noted that he is of the understanding that this would be once it is totally built out. Vice President Stigney clarified that this would be for Phase 1. President Marty stated that in looking over the proposed development agreement he still has several issues. He stated that they should have put out RFP’s to determine the best development plan. He noted that last week Steve Larson, Mayor of New Brighton, stated that the deal they discussed with Medtronic did not materialize and that their City decided to parcel off the land to different developers. He noted that the net gain for the City of New Brighton would be Mounds View EDA June 27, 2005 Regular Meeting Page 15 approximately $300 million adding that they did not mention the use of TIF, which would mean that the funds would go directly to the City of New Brighton’s tax base. He stated that he has had issues throughout the discussion process with the timeframe of the TIF District. He stated that it was originally proposed as a redevelopment TIF district, which could have a lifespan of 25-years noting that it was changed and modified to what it should be, which is an Economic Development District. He explained that by TIF Statute and State law an Economic Development District is capped at 8-years noting that there was special legislation to extend this to 25-years for Medtronic, and for Medtronic alone. He noted that the first year wouldn’t count so it would actually end up being a 26-year TIF district. He acknowledged that this could pay-off sooner than it is proposed but it is still a quarter of a century and many would not realize the benefits from a 25-year TIF district. He stated that it was pointed out that in actuality the savings would be a couple bucks a year on their taxes through the school districts. He referenced the traffic issues noting that they would not have the resources to address these issues in addition to the road repairs. He stated that he does not see this as a big cash cow noting that he discussed this with Finance Director Hansen and asked for his input on the issues. He explained that the Finance Director explained that in 25-years the city would be in great shape but in the meantime, as Joe pointed out, and over the last number of years the city has had to do double-digit tax increases just to meet basic city expenses. He stated that at a break of $41,000 to $43,000 a year coming directly to the city would increase a bit every year but the billboard contract was negotiated for five years noting that no one on the Council was actually in favor of billboards. He stated that they worked out a sunset clause where the billboards would come down in twenty years but with this proposal the billboards would not come down for 30-years or longer. He explained that the timeframe doesn’t start until the billboards are moved and in place. He stated that presently all of the billboards are located north of Highway 10 and Medtronic does not want the billboards located on their property. He agreed adding that they cannot fit all of the billboards in this area and some of the billboards would have to be brought into town and remain for the next 30-years. He clarified that he has never been in favor of billboards but agreed to the contract as a means to an end to pay off the golf course without incurring an increase in property taxes to pay off the golf course. He stated that he would like to move to table this discussion to ask Springsted and Associates to review this proposal and give the City an independent third- party viewpoint. Vice President Stigney called a point of order stating that a motion to table is out of order in accordance with the Roberts Rules. President Marty moved to postpone. Vice President Stigney referred to page 201 of Roberts Rules of Order, newly revised, it states that tabling a motion can only be used to set something aside temporarily for a matter that is of more urgency that needs to be dealt with at that moment. City Attorney Riggs clarified that it should be a motion to postpone. Mounds View EDA June 27, 2005 Regular Meeting Page 16 MOTION/SECOND Marty/ To postpone further discussion and to ask Springsted and Associates to review this proposal and give the City an independent third-party viewpoint. Motion failed due to lack of second. Vice President Stigney noted that Medtronic is also paying the $314,000 in expenses for the AUAR and water testing. He stated that Medtronic would be transferring positions with a growth potential of 300 jobs per year. He referenced the Economic Development spin-off opportunities stating that it is his belief that it would be unequal noting that as far as increasing values of the homes in the area because the demand for housing could be a big advantage. He noted that 80-percent of the residents do not play golf and he is here to represent their interests too. He noted that the golf course is a cash strain and has been from the beginning. He stated that from May of last year to May of this year there has been a 27-percent decline and the golf course has brought in $70,000 less than last year, which means city is subsidizing course. Commissioner Thomas stated that the revenues were compared from this year and last year noting that it is not a fair comparison. She stated that it is not the fault of the golf course that there has been a decrease in play due to these discussions and weather. She stated that this is not a fair comparison noting that they have a good enough history to compare that they do not need to take this into account. President Marty stated that he agrees that the residents should have the right to vote on anything of this magnitude in the city, as they are all part owners. He stated that to have five people vote on an issue that is a hot button topic concerns him. He stated that Springsted did an independent evaluation on the golf course in 2000 for bonding and to determine why it was losing money. He explained that it was revealed in the report that it was due to the lawsuits and legal fees after the golf course was constructed due to construction shortfalls. He stated that he would like this entered into the record and pulled forward. He stated that Springsted found that the golf course was making far more money than the conservative estimates it was projected at and if it hadn’t been for the lawsuits after construction the golf course would have been self-sufficient with estimates that were made setup for the bonding and payments. He stated that the amount of revenue it had generated far exceeded the estimates. He asked if there is anyone on the Council that has anything they would like to disclose before taking the vote. He noted that Commissioner Thomas has mentioned to him at the House Subcommittee meeting that she knew Donn Hagmann and that he is her cousin’s father. Commissioner Thomas confirmed that he is her aunt’s ex-husband and pointed out that this was the first time she had seen him in twelve years. Commissioner Gunn stated that there is no conflict of interest and the City Attorney has also clarified that there is no conflict of interest. Mounds View EDA June 27, 2005 Regular Meeting Page 17 President Marty asked City Attorney Riggs to clarify the process of transferring the property to the EDA and why they are doing this. City Attorney Riggs explained that the EDA exists on its own authority and is a legal entity in and of itself. He stated that it is pursuant to Minnesota Statutes Chapter 469 and once it is created it overrides any charter provision and is a legal separate entity. He stated that they are sitting as an entity that is totally separate from City Council. He stated that it is not necessary to transfer the property noting that the Council could choose to do it if they so desire. He confirmed that neither of these arises remotely to anything approaching a conflict of interest according the Minnesota law. MOTION/SECOND Stigney/Gunn To approve EDA Resolution 05-EDA-203, a Resolution approving purchase agreement and contract for private development between the City of Mounds View, the Economic Development Authority and Medtronic and to waive the reading. 4 – Ayes 1 – Nay (Marty) Motion carried. B. Resolution 05-EDA-204 Requesting the Mounds View City Council Set a Public Hearing for August 22, 2005 for the Proposed Establishment of Tax Increment Financing District No. 5 (A Special Legislation Economic Development District) Mr. Backman stated that in order to facilitate the Medtronic development the city sought passage of a special TIF legislation during the 2005 session. He stated that on May 23, 2005 the Minnesota Legislature approved the public finance bill, which included the city’s legislation allowing the creation of this district. He explained that in order to begin the process of creating the district and TIF plan the EDA has to request that the City Council calls for a public hearing on the proposed adoption of the modification to the development program for the Mounds View Economic Development Project and to propose adoption of the TIF plan. MOTION/SECOND Stigney/Thomas To approve Resolution 05-EDA-204 a request that the Mounds View City Council set a public hearing for August 22, 2005 for the proposed establishment of Tax Increment Financing District No. 5 (A Special Legislation Economic Development District) and to waive the reading. 4-Ayes 1-Nay (Marty) Motion carried. 7. REPORTS City Administrator Ulrich reported that the last Executive Session was held on June 13, 2005 from 6:30 p.m. to 7:00 p.m. with all EDA members present along with the City Attorney, a Mounds View EDA June 27, 2005 Regular Meeting Page 18 representative from Ehlers and Associates, the Community Development Coordinator and City Administrator. He stated that this meeting was continued to June 16 at 4:00 p.m. and adjourned at 5:48 p.m. He explained that the purpose of the Executive Session was to discuss the proposed sale of land comprised of The Bridges and to review the development proposal in terms of the purchase agreement and the contract for private development. He noted that at that time it was moved forward by consensus to June 20th for the public hearing. President Marty stated that he would like to clarify that he has nothing personal against Medtronic. 9. NEXT EDA MEETING: July 11, 2005. 10. ADJOURNMENT President Marty adjourned the meeting at 7:23 p.m. Respectfully submitted, Recorded and transcribed by: Bonnie Sullivan TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting July 11, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:30 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty, Vice-President Stigney, Commissioner Gunn, Commissioner Flaherty, and Commissioner Thomas. NOT PRESENT: 3. APPROVAL OF AGENDA MOTION/SECOND: Flaherty/Gunn. To Approve the July 11, 2005 Agenda as presented. Ayes – 5 Nays – 0 Motion carried. 4. PUBLIC INPUT NONE 5. APPROVAL OF MINUTES. A. EDA Minutes June 13, 2005 MOTION/SECOND: Gunn/Thomas Approve the Minutes of June 13, 2005 as presented. Ayes – 5 Nays – 0 Motion carried. B. EDA Minutes for June 27, 2005 will be presented at the July 25th Meeting. 6. CONSENT AGENDA NONE 7. EDA BUSINESS Mounds View EDA July 11, 2005 Regular Meeting Page 2 A. Presentation by Phil Seipp, President/CEO and Scott McGuire, CFO of SYSCO Minnesota regarding the company’s TIF Request to facilitate expansion of the company’s Mounds View parking Phil Seipp, President/CEO, stated that the original building was built in 1989 and that since that time they have had two expansions of the warehouse. He stated that when they built the building they donated 47-acres to the City to be used as part of the park lands within the City. He stated they currently employee 629 individuals noting that his challenge is to grow the business, add jobs and strengthen their customer base. He indicated that their biggest obstacle right now is parking noting that they have adequate employee parking for the day in/day out business, they run into problems when they have large events such as sales training. He stated that during those periods of time they park in driveway areas and fire lanes. He stated the other times where they have constraints is when their large customers come in to do training and hold large meetings. He stated that they have also run out of truck spots, which creates a real impediment when trying to move trucks around, load them and move them out for the day. He explained the proposal stating that the project would involve moving the service drive to the east and adding employee parking along the east side of the building. He stated that these spots would be for overflow parking. He stated that they plan to relocate the water retention pond to the south and create 53 additional truck parking spots along the south side of the building on both sides of the entry drive. He stated that they expect to add approximately 100 jobs over the next five years and would span across all three shifts. He indicated that some of the positions would be sales positions where the individuals would work out of their homes. Commissioner Thomas asked how many additional trucks would be brought in and out over the next five years. Mr. Seipp stated that they would probably hire approximately 30 new drivers, which would add 30 trucks. Mr. Seipp noted that there is approximately three acres of land that had been previously donated to the city that borders the property line to the east and south that they are asking the city to give back. He stated that they are also asking for tax increment financing because this project could potentially create considerable additional expenses when they begin to consider the stormwater retention issues and square footage requirements. He indicated that this project would probably exceed what they would normally expect for the additional square footage in the parking area and reviewed with the Commission. Commissioner Thomas asked if they are actually asking for tax increment financing or the ability to utilize the TIF funds. She stated that the Commission is not looking to create another TIF District. Mr. Seipp clarified that they are asking for funds from the current TIF account. Mounds View EDA July 11, 2005 Regular Meeting Page 3 Economic Development Coordinator Backman referenced the packet provided to the Commission noting that it includes a letter of explanation from Mr. Seipp discussing the estimate for the current project, an estimate done in April by RLK, and an estimate done by SYSCO’s Houston Engineers showing a higher estimate of costs due to the construction and engineering work that would have to be done, especially with the electrical work due to the need to relocate some of the utilities. He explained that he had asked them to provide a breakout of what the stormwater/wetlands portion of the project would be and reviewed the numbers with the Commission. He clarified that he is not suggesting that the City fund the parking lot but he is suggesting that if there is a consideration for this project that it be limited to the stormwater management and items typically dealt with through the Rice Creek Watershed District. He reviewed the existing conditions stating that the project would relocate the pond further to the southeast and it would move the road further to the east. He provided a brief overview of the proposed parking areas and explained that the three acres, previously donated to the city, would be needed for the additional parking if they move the pond further south. He provided the Commission with an overview of the project timeline noting that it also includes a comparison of the estimates and what they are asking for in addition to a breakdown of costs per job within the overall project. President Marty referenced last two pages noting that the amount for SYSCO’s stormwater management is $250,000 and it also shows the EDC’s recommendation for $250,000 and asked if this would be $500,000 or are these two numbers referring to the same amount, $250,000. Economic Development Coordinator Backman explained that the EDC considered this request in June and their recommendation was to fully fund the request at $250,000. He stated the request is for $250,000 and the recommendation is for the $250,000 noting that the EDA does have the ability to set other limits if they wish. He noted total cost per square foot is not applicable because they are not talking about a building addition, they are talking about a parking lot expansion and utility costs. He referenced the city cost per job noting that this is the typical unit of measurement in economic development terms, shows $2500 and total investment per job created would be approximately $12,000 in capital investment for both private and public investment. Vice President Stigney asked if the TIF contribution would be an upfront contribution and would it be a pay as you go or is this a grant. Economic Development Coordinator Backman stated that they have asked for upfront noting that it could be a pay as you go over a period of time. Vice President Stigney clarified that this is in TIF District 3 and asked if this proposal were granted would the funds be taken from TIF District 3 or from pooled funds taken from all of the district funds. Mounds View EDA July 11, 2005 Regular Meeting Page 4 Economic Development Coordinator Backman stated that currently the financial health for TIF District 3 is good and is generating approximately $300,000 to $400,000 a year with modest obligations. He stated that the City would pay off all obligations related to TIF District 3 in approximately one year. He stated that most of the increment is being generated by SYSCO noting that the City has assisted them in the past. He stated that this was paid off in 1997. Vice President Stigney asked if the money would come from TIF District 3 or TIF pooling and if it came from TIF District 3 how long would it extend the district out. Economic Development Coordinator Backman stated that the TIF District 3 is set to expire in July 2014 and this would not extend the TIF District beyond that period of time. He noted that if there was an amount approved over a period of time it is conceivable that the entire district could be de-obligated within a couple of years as opposed to going out eight years. He stated that currently the City has obligations that are out approximately one year and once the City is done with these obligations, increment is coming in and the City has to show the Ramsey County how the City is using the money for economic development or close the District. Vice President Stigney asked what the duration would be to pay it back. Economic Development Coordinator Backman stated that if the $250,000 is approved it would take approximately two years to pay off. Vice President Stigney referenced the 2 to 1 mitigation and asked where it would be mitigated to. John Dietrich, RLK, Kuusisto, explained that the current proposal is to go offsite for mitigation in order to preserve the wooded wetlands that are up against the proposed improvements. He stated that they have had conversations with City Staff and the Rice Creek Watershed Staff noting that they have not made formal applications to the Rice Creek Watershed at this time. He stated that their proposal is to go offsite within the Rice Creek Watershed district adding that the mitigation would have to be within the same sub-watershed of the Rice Creek district. He noted that they have not had detailed discussions regarding the actual locations with Rice Creek at this time. President Marty recalled that some of the land SYSCO deeded to the City was like a wetland area. He noted that years ago Rice Creek Watershed came to Mounds View to discuss creating ponding in this area and he would like to look at the possibility of controlling the water on the land versus mitigating and paying somewhere else to control it. President Marty acknowledged that SYSCO has been a good neighbor to Mounds View and clarified that SYSCO ‘s request is for $250,000, noting that their spreadsheet shows an estimate of approximately $233,000 in addition to requesting that the City allow SYSCO to use some of Mounds View EDA July 11, 2005 Regular Meeting Page 5 the land they previously deeded to the City. He indicated that he did not have a problem with the land-use noting that he would prefer that SYSCO work to keep the costs closer to the $233,000 estimate shown on the spreadsheet. Commissioner Thomas referenced the land transfer and asked for clarification on the total acreage. Mr. Seipp clarified that the totally acreage would be approximately three acres and would include the land for the stormwater retention pond. He indicated that SYSCO did not care whether they own the land or not but in discussions with the City it was felt that it would be better not to have the property line run right through the stormwater retention pond. He noted that they would maintain the pond either way adding that it would probably make the most sense to have it located on their land. President Marty asked if there are any legal costs to transfer the land back to SYSCO. City Attorney Riggs explained that they are discussing a type of development contract noting that simple deed does not cost that much. He explained that the contract itself and how it would be handled is the more substantial cost. He stated that the costs could range from $200 to $1000 overall. Vice President Stigney referenced the costs to change the Comprehensive Plan and asked how this would be paid for. Director Ericson explained that this would be a cost born by the applicant, which includes the cost of the application fee and the processing of the application. Commissioner Flaherty asked Mr. Seipp why there is a need for assistance. Mr. Seipp explained that the corporation has other alternatives available to them to spend this money here noting that they have sister companies in Wisconsin, Iowa and North Dakota that have capacity noting that it would not surprise him if they suggested contracting the borders and allow them to serve customers from their facilities. He expressed concerns noting that this would not help them to grow or create jobs. He stated that they are trying to hold the costs under $1 million noting that the receptivity to the costs of wetland mitigation and moving a stormwater retention pond would be a difficult struggle for them to convince the corporation of the need. President Marty noted that SYSCO has operated on this property for several years and has made several changes over the years and asked if there is a possibility that SYSCO might end up back here asking for more space. He asked if the three acres would be enough or should they review the plans further and possibly consider transferring five acres now to avoid having to go through Mounds View EDA July 11, 2005 Regular Meeting Page 6 this process again in the future. He asked if SYSCO has a long-range plan that indicates further expansion in the future. Mr. Seipp explained that based on the constraints they have they would probably have to push the stormwater retention pond further south if they were to try to add additional spaces. He indicated that they do have relief coming in approximately five to seven years noting that they would be serviced out of a re-distribution center located somewhere in the Midwest area. He explained that this would change their business dramatically noting that the product stored at their facility would be decreased and the process would totally revolutionize the way they do their business. He stated that it would also help to alleviate some of the trucking problems they are currently experiencing. He stated that SYSCO believes that the three acres would be adequate. B. Discussion and Potential Recommendation regarding Assistance for Business/Parking Expansion for SYSCO Minnesota. President Marty stated that he does not have a problem authorizing $235,000. He asked if the expenses to transfer the land would be passed on to SYSCO. City Attorney Riggs stated that typically this is what is done in any type of development situation. Mr. Seipp assured the Commission that this is acceptable to SYSCO. Commissioner Gunn noted that costs go up and clarified that the $250,000 requested is probably to ensure that all expenses for the project are covered. Commissioner Thomas suggested placing a cap on the costs at $250,000 and asked if it would be possible to invoice the actual costs as they go through the process. Economic Development Coordinator Backman stated that when the City did the Highway 10 Business Center the City did bill actual costs when they did the demolition. Vice President Stigney stated that he would like to see a TIF Assessment or evaluation sheet for this project before they move forward. He stated that if they do grant any money for this project it should also be tied to the number of new employees it would bring in versus the projected 100 employees over five years. He stated that reimbursement should be based on the actual number of new employees. He stated that SYSCO should be willing to pay for half of it and be thankful they got $125,000 out of the City. Barbara Haake, County Road I, asked how much money is actually in the TIF Fund. Mounds View EDA July 11, 2005 Regular Meeting Page 7 Vice President Stigney clarified that it has not been established yet as to whether the funds would come from the TIF District 3 or the pooled funds. Economic Development Coordinator Backman stated that the fund is currently in healthy condition noting that they have paid off major bond payments and his understanding is that the fund balance is approximately $1 million right now. Ms. Haake noted that the community is going for a referendum on Medtronic and suggesting that the TIF funds be used for development costs and if the City is over $300,000 in development costs for Medtronic and if it ends up going for referendum this would have to be paid. She stated that she just wanted to be sure that the City has enough funds and she is now comfortable that the City does have enough to cover the costs. Commissioner Flaherty asked if the City has a time limit to spend the funds. Economic Development Coordinator Backman explained that Ramsey County would give the City a grace period of time if there is no activity within a district. He further explained that if, in 2006, all obligations have been paid, he would expect that by the following year the City would have to show some form of obligations or the County would likely ask for dollars back. Vice President Stigney referenced mitigation noting that he has some problems with mitigating outside the City limits noting that it would cost a lot more. He asked who would be responsible for paying the mitigation fee and would it be part of the TIF reimbursement. Economic Development Coordinator Backman explained that the costs associated with the stormwater management and wetland mitigation are TIF eligible costs and reviewed the budget breakdown for wetland mitigation with the Commission. Vice President Stigney stated that he does have a problem with paying premium price to go outside to mitigate on land and then have Mounds View pay for it. He stated that he believes that SYSCO should pay 50-percent of the costs. President Marty stated that he would also like to see the mitigation kept on the property and asked how time sensitive this issue is. He asked if SYSCO could come back with a ‘but for’ workup for the Commission in two weeks. John Dietrich, RLK, stated that it was their hope to be in process here and moving towards the Planning Commission and Council in July. He stated that this would allow them the time to make their application to the Metropolitan Council in order to start the process moving forward, which could go up to a 60-day timeframe. He stated this would start to impact any ability to place anything into the ground this year. He stated that the process has already been accelerated Mounds View EDA July 11, 2005 Regular Meeting Page 8 to the greatest extent possible. He stated that a two-week delay would put the fall start time for this project in jeopardy. Vice President Stigney noted that one of the City requirements is to have a TIF Evaluation sheet completed before requesting TIF. He stated that he would like this to happen before the Commission grants any funds. He clarified that it is his understanding that the agenda says nothing about the Commission taking any actions on this item tonight. Economic Development Coordinator Backman confirmed noting that the intent was to get a sense of how the EDA viewed this project noting that if the EDA was not interested in transferring land back to SYSCO it was important to get that knowledge now. He stated that he does think it is possible to have an action, contingent upon review of the appropriate submittals, adding that he does not think it would take SYSCO long to fill out the appropriate forms. He stated that he would work with SYSCO and assured the Commission that they would be ready within two weeks. President Marty stated that he does not see any problems with the land transfer back. He stated that if they could get the TIF Evaluation sheet put together and to the Planning Commission by July 20th for review by the EDA on July 27th. He asked that they provide as much detail as possible. 8. REPORTS None. 9. NEXT EDA MEETING: Monday, July 25, 2005. 10. ADJOURNMENT President Marty adjourned the meeting at 7:10 p.m. Respectfully submitted, Recorded and transcribed by: Bonnie Sullivan TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting July 25, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:30 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty; Vice President Stigney, Commissioners Flaherty, Gunn and Thomas. NOT PRESENT: 3. APPROVAL OF AGENDA Director Ericson asked to move Item 6A from the Consent Agenda to Item 7C EDA Business for discussion. MOTION/SECOND: Thomas/Stigney. To Approve the July 25, 2005 Agenda as amended. Ayes – 5 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES. A. EDA Minutes June 27, 2005 Commissioner Thomas had the following correction: • Page 13, line 456, she clarified that tabling of a motion was not in order because there is no motion. President Marty had the following corrections: • Page 2, line 56, reads: ‘Executive Session’; should read: ‘Executive Sessions’ • Page 3, line 97, reads: ‘patterns are currently and how they would proceed if there were a development on the site.’; should read: ‘patterns are currently, and how they would proceed if there were a development on the site.’ • Page 6, line 253, reads: ‘and have all answers’; should read: ‘and have all the answers’. Mounds View EDA July 25, 2005 Regular Meeting Page 2 • Page 7, line 279, Brian Amundsen’s statement, reads: ‘gives a tax business’; should read: ‘give a business a tax break’ • Page 9, line 368, reads: ‘the EDA to negotiation this project’; should read: ‘the EDA to negotiate this project’. • Page 10, line 406, reads: ‘adding that the do not believe’; should read: ‘adding that they do not believe’. • Page 12, line 506, asked Commissioner Flaherty to clarify the $778,000 per year.  Commissioner Flaherty explained that he had factored in the $5 million of surplus the City received and spread that out over the 25-years for the district. • Page 14, line 590, reads: ‘approximately $3 million’; should read: ‘approximately $300 million’. • Page 15, line 602, reads: ‘noting that they would have the resources’; should read:’ noting that they would not have the resources’. • Page 15, line 604, reads: ‘over the last number years’; should read: ‘over the last number of years’. • Page 16, line 649, reads: ‘He stated that this is not a fair’; should read: ‘She stated that this is not a fair’. MOTION/SECOND: Marty/Flaherty Approve the Minutes of June 27, 2005 as amended. Ayes – 5 Nays – 0 Motion carried. 6. CONSENT AGENDA A. Moved to EDA Business Item 7C for discussion. Set a Public Hearing for August 8, 2005 for Discussion of the Proposed Business Subsidy for the SYSCO Minnesota Expansion Project. 7. EDA BUSINESS A. Review and Consider Possible Acquisition of 2617 Sherwood Road, a Property identified as a Blighted and Hazardous Building. Community Development Director Ericson stated that 2617 Sherwood Road is vacant and currently uninhabitable. He noted that last year on October 11th the City Council adopted a resolution ordering the abatement of the property and since that point the City has been working with the property owners in trying to correct the deficiencies. He stated that so far they have been unsuccessful in getting anything accomplished. He stated that they have set multiple court dates, there have been continuances adding that Kennedy and Graven have been working on this on the City’s behalf noting that they have come to a possible agreement that they City could look at this as a potential housing replacement program parcel. He stated that it is on the City’s list and does meet all the requirements for blighted parcel for redevelopment. He stated that Staff Mounds View EDA July 25, 2005 Regular Meeting Page 3 has put together a resolution asking for the Commission’s approval to get an appraisal done on the property and negotiate a price and bring it back for the EDA’s consideration. He stated that they did seek quotes for an appraisal and it could be done for approximately $400.00 Commissioner Thomas asked what the difficulty is with the homeowners, is it a difficulty in contacting them or are they not willing to do the repairs. Director Ericson explained that it is a combination of things noting that they are dealing with a mortgage company and an individual who acquired the property as a potential investment property not realizing there were so many issues with the property. He stated that originally the City was dealing with a pair of property owners that are no longer in the picture and are now dealing with a bank that has never visited or seen the property. He stated that it is difficult trying to convince them that they now need to spend $25,000 to make repairs to a property that they already have $175,000 invested into it. He stated that someone is making the determination that it isn’t prudent to put any more money into the property. Commissioner Flaherty asked if the property has been forfeited to the mortgage company. Director Ericson stated that there is a property owner noting that he is not sure if there was a sale of the property noting that over the last year the City has been dealing with four different groups in effort to correct the deficiencies. He stated that the current property holder is Deutsch Bank. Commissioner Flaherty asked if the City is anticipating forfeiture. Director Ericson stated that at this point the City is not anticipating forfeiture. He explained that they are not dealing with a resident they are dealing with an investment corporation. Commissioner Flaherty asked if the City knows the loan value of the existing mortgage. Director Ericson stated that the City has been told that it is approximately $179,000. He stated that the City would seek an appraisal and offer fair market value for the property, which might not be in that price range. President Marty noted that in the Staff report the owner has agreed to a potential purchase by the City and suggested moving forward with the appraisal. Vice President Stigney clarified that if the bank now owns the property then they are responsible for the condition it is in and asked if the City has leverage to have them repair the property versus the City. Director Ericson stated that Staff is looking at this option and explained that it is time consuming. He noted that legal fees have been expended due to several continuances, delays and Mounds View EDA July 25, 2005 Regular Meeting Page 4 negotiations. He explained that the City is dealing with an owner that is not local and it has been difficult trying to convince the property owner, the bank, that they should the corrections identified and called out by the Housing Department or remove the building, which is what the City is recommending. He agreed that the City could continue through the court process but Staff believes this might be the quicker remedy. Commissioner Gunn asked if the lot is dividable. Director Ericson stated that at this point it is not dividable because Greenwood Drive, at that point, is unapproved right-of-way adding that at some point in the future it could be subdivided. MOTION/SECOND Gunn/Thomas To Approve Resolution 05-EDA-205 Authorizing an Appraisal be conducted on the Residential Property located at 2617 Sherwood Road. Ayes-5 Nays-0 Motion carried. B. Resolution 05-EDA-206 Authorizing Payment of Pay-As-You-Go Developer Payments to Heartland-Mounds View Common Bond, and Bridges Leasing Company. Economic Development Coordinator Backman stated that there are currently three on-going developer agreements, the Mermaid, Silver Lake Point and The Bridges. He noted that the Mermaid has a slightly different schedule adding that the Heartland-Mounds View Common Bond for the Silver Lake Point project in the amount of $34,078.73 and for The Bridges Leasing Company in the amount of $27,423.00 would be due August 1, 2005. President Marty stated this is the City’s obligation to pay back the developers per the City agreement. Vice President Stigney clarified that these are both TIF. Economic Development Coordinator Backman confirmed noting that The Bridges leasing would be done in Feb 2006. MOTION/SECOND. Stigney/Flaherty To Approve the motion to Adopt Resolution 05-EDA- 206 Authorizing Payment of Pay-As-You-Go Developer Payments to Heartland-Mounds View Common Bond; and Bridges Leasing Company and waive the reading. Ayes -5 Nays-0 Motion carried Mounds View EDA July 25, 2005 Regular Meeting Page 5 C. Set a Public Hearing for August 8, 2005 for Discussion of the Proposed Business Subsidy for the SYSCO Minnesota Expansion Project. Economic Development Coordinator Backman stated that as part of the process for business subsidies the current legislation requires that there be a business subsidy hearing, which has a minimum requirement of a ten-day notice. He stated that Staff is looking to schedule a hearing for August 8, 2005. He stated that last Wednesday Scott McGuire submitted a TIF application along with a check noting that the application shows when they would like to start construction and also includes a breakdown of the revised budget. He indicated that the previously submitted budget was a bit low on the electrical work and has been revised to reflect the changes. He referenced the portion of the budget as it relates to stormwater management and explained that they are asking that a portion of the wetland mitigation/stormwater management component be paid for via TIF assistance. He stated that they are in discussion with the Rice Creek Watershed District noting that this is a significant component of the project, which would be the expansion of the of the proposed parking lot. He referenced the map noting that approximately three-acres of the land, to the east and to the south, would be transferred back from the City of Mounds View to SYSCO for this project. Director Ericson explained that one of the reasons this was pulled from the agenda is because Staff would need to draft a development agreement for review at the August 8, 2005 meeting. He stated that they would like to have something that the EDA would be comfortable with in terms of a dollar amount that could be entered into the development agreement. He clarified that Staff is not asking for authorization at this time but rather to get a consensus on the dollar amount noting that it would be helpful. President Marty clarified that they are considering possibly $250,000 as TIF eligible. Commissioner Thomas clarified that it is basically saying that there is approximately $300,000 plus dollars that would be TIF eligible. Economic Development Coordinator Backman stated that right now SYSCO is requesting $250,000 adding that they do recognize that the costs would exceed that amount. Vice President Stigney referenced TIF noting that in listening to some of the EDC meetings they don’t have handle on it. He suggested a meeting with the EDA and EDC to see where they are with all of the TIF districts, what the balances are, and determine when they would be closed out or would they be stretched out to maintain the current TIF districts. He stated that they should look at the big picture stating that it is important to get these items clarified first. He recalled that the SYSCO property could have been turned back over to the tax base in 2006. Economic Development Coordinator Backman stated that the final obligation for TIF District 3 is the payment to Bridges Leasing, which is around $30,000.00 for the Spring 2006. He stated that Mounds View EDA July 25, 2005 Regular Meeting Page 6 the EDA has the option to look at de-certification or consider a continuance. He stated that if they continue the TIF District 3 there should be projects that are looked at within that district. He stated that they could not hoard the dollars and they cannot have dollars coming in and not spend it for the purpose it was intended, which is economic development. He explained that in terms of this particular district it is a healthy district noting that they get well over $300,000 a year in increment payments. He stated that it is primarily derived by SYSCO, some derived by ZEP and some derived by Bridges Leasing, but the majority is derived by SYSCO. He stated that they have had some discussions with Ehlers about doing a complete analysis of all of the districts but the initial review is that they are fairly close to the original figure of approximately $1 million. Vice President Stigney stated that he would like to see it in black and white as to where the City is at and what the priorities are for the expenditures of the funds as to whether it would be put back and paying the down the tax base or keep the Districts going. He stated that there is a need for further discussion noting that they now have SYSCO asking for money and eventually Snyder’s would be coming in to ask for the same thing. He expressed concerns about the amounts being spent. He stated that he wants the details and the big picture of the project. He stated that he has problems with the amounts and has problems with mitigating offsite. He expressed concerns about the removal of the trees to make way for the parking lot adding that he would like to see a joint meeting with Council and Staff to determine the philosophy and direction on TIF for all of the districts. President Marty agreed with Vice President Stigney. Director Ericson agreed stating that this is what Staff is planning to do noting that if they can get the information prepared and presented from Ehlers for the September work session. He stated that this would be the perfect opportunity to discuss the philosophy, the health of the TIF districts, whether the City would de-certify or are they going to fund other projects and at what level. He stated that these are all issues that should be discussed with the EDA, the City Council and Staff. He stated that this should be on the September or October work session agenda. He stated that Staff would have a plan for the future but also need to know where they are today. He stated that in terms of cash on hand, Economic Development Coordinator Backman indicated that the City would have approximately $1 million in the TIF account this year adding that what is being proposed would not be out of the TIF pool, but rather an ongoing obligation similar to the original SYSCO agreement, which is a pay as you go note. He stated that it would not impact the account as to what is on hand adding that Staff recognizes and appreciates the comments from the EDA. Vice President Stigney stated that it would impact the taxpayers noting that the City either extends the district and pay as you go or close the district. He stated that he has concerns noting that the public hearing is scheduled for August 8, 2005 and he would like the information prior to the public hearing. He suggested rescheduling the public hearing in order to give them the opportunity to review all of the information. He stated that this is bigger than just looking at this Mounds View EDA July 25, 2005 Regular Meeting Page 7 spot with SYSCO, it is what they are doing with the $1 million. President Marty stated that SYSCO does have a need and they are showing the need at this time. Economic Development Coordinator Backman stated that he has two observations, one, in terms of the trees, what they are talking about would impact less than 5-percent of the area that is out there with the former SYSCO property adding that it is not his belief that there would be a huge impact on the Cottonwoods and other trees on the property; secondly, in terms of the process here, the applicant has presented a good project and they are facing a situation where they do need to expand this year or the project would move elsewhere. He encouraged EDA to consider this project at this time. Commissioner Thomas stated that she has questions about what the City is planning to do with TIF noting that she is not comfortable with continuing the pay as you go for TIF District 3 when it is an option that they could begin discussions for closing the district next year. She asked if they have to decide if it comes from the pool funds or the TIF District 3 funds by the August 8th hearing or can they say they are comfortable with the number and sort out what they have from the TIF or whether it comes from the pool or TIF District 3 at some point following that meeting. Director Ericson stated that it has been recommended that they do not utilize the TIF pool for this and that it has been recommended by the City’s Financial Advisors that the City should do a pay as you go note if the City does offer financial assistance. He explained that providing a $250,000 lump sum, upfront payment, sets a pretty precedent in terms of future requests. Economic Development Coordinator Backman stated that if this were set as a pay as you go over a three-year period the EDA would have the ability to de-certify this district in 2008. Commissioner Flaherty stated that he is all in favor of having a meeting with the Authority and asked SYSCO to be patient with the Authority. He stated that the Authority understands that SYSCO does have a need and asked them to allow the Authority, as a body, to take a week to get their information together to see where they are at with the districts. He stated that they want to do what is right for SYSCO and the citizens of Mounds View. President Marty clarified that it would not be a week or two that it would be over a month and is a construction issue. Commissioner Flaherty acknowledged noting that they are looking at November completion. Economic Development Coordinator Backman stated that they have had discussions with Shelly at Ehlers and given their schedule the soonest timeframe they could get the information would be in the August/September timeframe referenced by Director Ericson. Mounds View EDA July 25, 2005 Regular Meeting Page 8 President Marty stated that he is comfortable with this as a pay as you go for $250,000. He agreed that they do need to sort this out and would also look forward to meeting with the EDC and Staff to review some of the priorities, what direction they are going and the goals of the City. He noted that SYSCO is operating under a timeframe and he does see this as a valid request. Commissioner Gunn asked for clarification of the de-certification in 2008. Economic Development Coordinator Backman explained that if there were an approval in 2005 the City would have 2006, 2007 and 2008 as potential years for incremental payments as developer payments back to SYSCO. He further explained that there could be action taken at the end of 2008, effective in 2009 to end the district noting that it would end the district five years early. Vice President Stigney asked if it would mean $82,500 for next the next three years or would it be divided over four years. He stated that he is not comfortable with the $250,000.00 amount. Economic Development Coordinator Backman stated that this could be a decision made by this body. President Marty clarified that he is hearing that the August 8th date should be kept for the public hearing. Economic Development Coordinator Backman asked if they were considering the three-year timeframe. President Marty stated that the timeframe could be discussed at the hearing. Director Ericson stated that they could invite the EDC to the September meeting to discuss this issue. Barbara Haake, 3024 County Road I, clarified that the EDA is planning to have the public hearing for August 8, 2005 and asked what the purpose of the public hearing would be if there has been no public input. She agreed that the EDC meeting and workshop is long overdue noting that they are mentioning $125,000 versus $250,000. She stated that she likes SYSCO too and clarified that she is not trying to say anything against the pay as you go option noting that at least it is not being taken from the $1 million. She expressed concerns stating that they don’t have a referendum yet to know how it would be paid and referenced the issues with Medtronic. She referenced the Rice Creek Watershed stating that she does not have this included on the agenda for Wednesday night and there are things that they should review. She stated that they prefer to mitigate on site noting that there are things that they haven’t had input on and if the EDA is planning to do a public hearing usually they would wait for the information that would help them in making a decision. Mounds View EDA July 25, 2005 Regular Meeting Page 9 Commissioner Thomas clarified that whenever they do a public hearing they always start with a base document and frequently amend it as they work through the document. She explained that the EDA should have something for the discussion to determine agreement or disagreement. She stated that this is common practice for all public hearings and it then gives the public something to discuss. She stated that they need the base document to start with. Vice President Stigney asked if this would be by resolution or ordinance. Director Ericson stated that this would be by resolution and it would only need one public hearing Vice President Stigney stated that this is premature at this point. Commissioner Flaherty agreed stating that he would prefer to meet with the EDC first. He stated that he has asked for indulgence on the timetable adding that he does understand the time constraints on the construction. He stated that he feels they should do what they need to do first. MOTION/SECOND Gunn/Thomas To Approve and Set a Public Hearing for August 8, 2005 for the discussion of the proposed business subsidy for the SYSCO Minnesota Expansion Project. Ayes-3 Nay-2 (Stigney, Flaherty) Motion carried. 8. REPORTS None. 9. NEXT EDA MEETING: Monday, August 8, 2005 at 6:30 p.m. 10. ADJOURNMENT President Marty adjourned the meeting at 7:14 p.m. Respectfully submitted, Recorded and transcribed by: Bonnie Sullivan TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting August 8, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:30 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty; Vice President Stigney, Commissioners Flaherty, Gunn, and Thomas. NOT PRESENT: 3. APPROVAL OF AGENDA MOTION/SECOND: Thomas/Flaherty. To Approve the August 8, 2005 Agenda as presented. Ayes – 4 Nays – 0 Motion carried. 4. PUBLIC INPUT Bill Werner, 2765 Shorewood Road, stated that he has a philosophical issue that has to do with mitigation. He reviewed the dictionary definition stating that to mitigate is to make pain, grief, punishment, or the like milder, and asked how it relates to the wetlands. Director Ericson stated that in terms of wetland mitigation, the mitigation aspect relates to the fact that you are taking and replacing wetlands that are potentially lost by a development and mitigating it to a different area, the mitigation being the replacement. He further explained that in terms of making a painful situation less, you make the loss of the wetland a less of a problem by creating additional wetland in its’ place so it is termed as a mitigation. Mr. Werner asked where they would replace the wetlands, in the City, the County or the State. He clarified that the location where it would be replaced would matter. Commissioner Flaherty explained that mitigation could be done either on the site or where the development would go noting that it could be anywhere within the City or County. He explained that typically the City tries to mitigate within the site itself. He further explained that if a parcel of land is developed and water needs to be moved they try to mitigate within the development itself. Mounds View EDA August 8, 2005 Regular Meeting Page 2 Mr. Werner asked if this is a law or is this something that the EDA does because they think it is a good thing to do. Director Ericson confirmed that it is a law although the City whole-heartedly supports the replacement of wetlands regardless. He explained that this is from the Wetland Conservation Act Legislation as well as the Rice Creek Watershed District regulations. Duane McCarty, 8060 Long Lake Road, suggested that someone on the EDA or Council explain the local wetland ordinance and the priorities as set forth in the ordinance in terms of the mediations that could take place. Director Ericson stated that the City has a very aggressive position on wetland management and has had for a number of years. He explained that there are two levels of wetland review in the City; there is a wetland buffer that protects all land within 100-feet of a wetland noting that any of activity that occurs within 100-feet of a wetland necessitates a wetland buffer permit and has to come before the Council; any work that occurs within a wetland has to come before Council for a wetland alteration permit and there are various standards that have to be adhered to based on specific criteria. He stated that the City cannot grant a permit in excess of what is necessary and is in a sense, the minimum alteration necessary to accomplish the goals of the project. He stated that the intent is to limit, to whatever extent possible, any alteration or development within a wetland. He stated that the City has taken the position, since the early 1990’s, that the wetlands are very critical to the City’s environmental eco-system and the benefit that they provide the City in terms of stormwater management, they do not want to lose the wetlands that they have adding that the City has been actively protecting them for a number of years. President Marty further clarified that it is not just stormwater management it is also for water quality. Mr. McCarty asked what the requirements are in terms of onsite retention. He asked if this is one of the first requirements for onsite. Director Ericson stated that in terms of mitigating on site or accommodating stormwater management features on site, it is the intent of the City that a project would accommodate stormwater management on site on a property. He stated that it is important that the stormwater runoff generated from one property does not continue to flow downstream and cause further problems. He stated that in terms of mitigation there is a hierarchy of where the City can mitigate noting that the first goal is to always mitigate on site, the second is to mitigate immediately adjacent to the site and third is within the Watershed district. He stated that this is also a recognized goal of the Watershed District and is definitely a requirement that mitigation is accommodated on site. Mounds View EDA August 8, 2005 Regular Meeting Page 3 5. APPROVAL OF MINUTES. A. EDA Minutes for July 11 and July 25, 2005 will be presented at the next EDA Meeting. 6. CONSENT AGENDA NONE 7. EDA BUSINESS A. Resolution 05-EDA-207 Approving the Development Agreement to Provide $250,000.00 in Tax Increment Financing (TIF) Assistance to SYSCO Food Services of Minnesota to facilitate the expansion of the Business located at 2400 County Road J in Mounds View. Economic Development Coordinator Backman stated that SYSCO Minnesota has outgrown its available truck and employee parking and desires to add capacity. He stated that the company is seeking to expand the SYSCO PUD site by approximately three acres. He stated that on August 3, 2005 the Mounds View Planning Commission approved SYSCO’s request for a PUD amendment and they approved the Comprehensive Plan amendment to expand the parking lot and driveway. He stated that the outlot that is part of the 48 acres east of SYSCO has been basically kept natural noting that the three acres would be transferred back from the City to SYSCO for this particular expansion. He stated that SYSCO has estimated that the expansion project would cost approximately $1.2 million and the budget has been included for review. Economic Development Coordinator Backman stated that SYSCO has requested $250,000.00 in TIF assistance to pay for extraordinary development costs, specifically stormwater management and wetland mitigation expenses noting that the company has submitted a completed TIF application to the City. He stated that the project includes the construction of parking areas to the east and the south side of the cold storage portion of the complex and reviewed with the Commission. He explained that this would require the relocation of the existing stormwater pond to the south and east of its’ present location. Economic Development Coordinator Backman stated that Briggs and Morgan prepared a draft of the agreement noting that the agreement reflects a pay-as-you -go TIF reimbursement. He explained that the terms if the tax increment revenue would be three years at 5-percent interest adding that in the first two years the company has committed to creating 40 fulltime jobs at an hourly wage of at least $18.00 per hour from the date the project is completed. He stated that initially they talked about 100 jobs over five years and typically for the purposes of DEED and other State agencies they are typically looking at what is created over the first two years. He provided the Commission with a breakdown of the positions noting that out of the 40 jobs the Mounds View EDA August 8, 2005 Regular Meeting Page 4 positions would include 12 drivers, 12 would be sales, 10 in the warehouse and six would be administrative/office functions. He stated that Staff is recommending that the EDA adopt the resolution approving the development agreement to provide $250,000.00 in TIF assistance to SYSCO Food Services of Minnesota. Economic Development Coordinator Backman indicated that Ehlers has recommended revising two elements within the proposed draft agreement and referenced page four, where it discusses tax increment definitions noting that each of the development agreements typically has various definitions that refer to what the district is. He explained that they should specify a percentage in the definitions noting that due to the way it is currently written SYSCO would potentially receive all of the increments and this is a healthy district right now with a balance of over $300,000.00. He further explained that if they don’t change it, it would basically be paid off in a year even though they have a term of three-years and if it is in this language the increment would come in and basically take care of the note. He referenced C-1, Exhibit B, stating that this is the TIF Note itself, and if they look at the third paragraph, which outlines the payment schedule over three- years and should clarify the intent. He stated that the sentence stating ‘on each payment date the authority shall pay by check or draft and mail to the person registered as the owner of the note, at the close of the last business day of the authority preceding such payment date an amount equal to the sum of the tax increments received by the authority during the six-month period preceding such payment date’ adding that rather than an amount equal to the sum of the increments it should be 30-percent of the increments. He stated that there should be a reference to ‘an amount equal to the sum of 30-percent’. He stated that he would review this with Staff to ensure that they have the correct language adding that it should be consistent throughout the document. He explained that if these changes are not incorporated and it is generating a $309,000.00 increment the note would be paid off in less than a year. He stated that these are the two areas of change and assured the Commission that Staff would review the document to make sure that all other areas are accurate. Commissioner Thomas asked why Staff recommended 30-percent and what other scenarios were used to determine the payment structure. Economic Development Coordinator Backman explained that if they are looking at payments over three years and the amount is $250,000.00 they would have the principal of approximately $83,333.00 and then factor in the interest would bring the payment to approximately $90,000.00 for one year, which would represent approximately one-third of the increment that is currently being generated. He stated that this would reflect a three-year scenario. Commissioner Flaherty asked if this is based on 2006 or 2008 dollars and asked for clarification as to why it would be a good thing to extend this out over a three-year period. Economic Development Coordinator Backman explained that it is not so much the time value of money it is more in terms of cash flow and making sure that the City covers their obligations. He Mounds View EDA August 8, 2005 Regular Meeting Page 5 noted that typically the City has had terms longer than three years noting that the consensus was to have the assistance within a defined, shorter period of time. He stated that Scott McGuire, CFO, also indicated that this would be a sufficient time period for them. Vice President Stigney stated that it was his understanding that SYSCO indicated that cash flow was not a problem for them and they didn’t care if they got it upfront or stretched out. He stated that if SYSCO received a one-year TIF then the TIF would be ready to close out when the TIF District is ready to close out. He stated that to him this appears as if they are extending the TIF District to accommodate SYSCO and he has a problem with that. Economic Development Coordinator Backman stated that the City is looking at various aspects in terms of cash flow noting that the City would still have the ability to decertify the district five years early noting that it would not preclude a lot of options for the City. Vice President Stigney asked how the City could decertify a district if they are still collecting revenues on it over a three-year period. He asked why the City wouldn’t want them to pay it back within the one-year and close the district. Economic Development Coordinator Backman stated that the City has various projects currently in the works and have ideas on how the City would improve the Highway 10 corridor noting that it would be a bit premature to presume how much the City would spend on these efforts right now. He stated that hopefully in the next year or two Staff would have a better sense of what those improvements would cost. Vice President Stigney stated that when a district has met its purpose it is his personal belief that this is when the district should be closed out because it costs the taxpayers money to keep the districts going. President Marty explained that right now with the TIF Districts the City captures 100-percent of the taxes coming in. He noted that the consultants have pointed out for years that to redesign and redo County Highway 10 would cost far more. He stated that even if the City didn’t spend a dime of the TIF pool up to the time the districts would be de-certified the City would still not have enough money to redo County Highway 10. He stated that they would have to go ahead and tax the citizens to redo Highway 10 and install a couple of trails. He stated that adding trails, landscaping, repairing some of the intersections and making County Highway 10 safer and more pedestrian friendly would take a lot more money than what the City has. He explained that this is one of the main purposes the City has been earmarking TIF dollars for. He stated that they could also use TIF for housing and redevelopment costs too noting that if they de-certify the district early the City would not have the funds available without taxing for them. Vice President Stigney clarified that President Marty’s philosophy is that the City should milk every dollar the City can legally get from the TIF district. He stated that he has a problem with Mounds View EDA August 8, 2005 Regular Meeting Page 6 this noting that this is just one district and the City has three districts. He stated that the City has to consider what they are charging the taxpayers noting that the taxpayers are picking up approximately $61,000.00 a year for SYSCO for fiscal disparities. He agreed that everyone would like to get the maximum dollars noting that there is a time limit for these districts when it has met its’ original purpose. He stated that he believes that when the development is done it should be closed out. Director Ericson pointed out that by adopting this development agreement and authorizing the three-year TIF note for this project it does not preclude the authority for having an opportunity to review the financing of the TIF Districts, City obligations and expenditures to ensure that the City has the necessary funds available. He stated that it is his understanding that there are no pre- payment penalties and the City could pay off the TIF note before a year concludes. President Marty confirmed that it is setup so that it would come back so that the City could review the TIF priorities and Districts. He referenced Page 7, Article 3, Item 3.2, No. 2, noting that it states that an unpaid balance of the note shall bear simple, non-compounded interest from the date of issuance of the note at 5-percent per annum and interest shall be computed on the basis of a 365-day year with 12 30-day months’ and asked for clarification. Vice President Stigney explained that what he is trying to suggest is that they make it a one year district, with one payment and they pay-as-you-go one payment. Economic Development Coordinator Backman explained that with TIF notes there is typically an interest rate that is considered as part of the TIF note. He stated that a 5-percent rate is a good rate and is typically used for companies with strong financials. He stated that they have had rates that have ranged from the lower interest all the way up to 8-percent noting that in terms of the computation, the 365-day/year is the standard calculation method and the interest rate is applied to the principal for the $250,000.00. Economic Development Coordinator Backman further explained that in terms of the calculations the City is estimating that over the three-year period of time, as payments are coming in, the City would be making payments back to the developer, i.e. SYSCO. He stated that under usual circumstances the City is paying principal and interest noting that the way it was structured the City was only able to pay on the interest and it was not being paid off. He explained that ultimately the risk is on the developer because if the increment were not sufficient to pay off the note, at the end of the note time period they would be out. President Marty clarified that the City would be paying SYSCO 5-percent interest on the $250,000 over the three-year time period. Economic Development Coordinator Backman confirmed that there would be interest on the $250,000. Mounds View EDA August 8, 2005 Regular Meeting Page 7 President Marty referenced Page 8, Section 3.3, Business Subsidies Act, Item 2, states that ‘if the goals are met in part the developer would pay a portion of the business subsidy, plus interest, determined by multiplying the business subsidy by a fraction, the numerator, of which is the number of jobs of the goals which are not created at the wage level set forth above and the denominator, which is 40’ and clarified that if they do not create the jobs they state then they would pay the City interest back. Economic Development Coordinator Backman stated that they would have to re-pay a portion of the business subsidy plus interest. He explained that it holds their feet to the fire in the sense that the City wants to have job creation and that the City has expectations about the wage levels. Commissioner Flaherty stated that when this first came up at the EDA Commission hearing he was not very happy because it came on the heels of everything else when the EDA was talking TIF D istrict as far as Medtronic was concerned. He explained that they had decided as a Commission that they wanted to review the TIF Districts and determine what exactly the TIF Districts are earning and exactly how much the City has in districts. He stated that this is a bit quick for him noting this came back up again before they have had an opportunity to review where the districts are, where they are going, where they want to decertify and what funds the City has with the increment monies. He stated that he is still of this mindset noting that it is quick for him coming on the heels of the Medtronic deal. Commissioner Thomas stated that she is still going back and forth on this noting that she has expressed concerns in the past with regards to spreading the payments out, when knowing what they want to do and understanding still the cash flow issues, what they want to do with the funds. She stated that she tends to agree with Vice President Stigney. She noted that this is a difficult situation and suggested, as a compromise, a 50-percent split taking it down to a two-year spread She stated that it is her understanding that they have the cash flow, at that point, in that district, without taking it too far out. She stated that this would cut it down to a reasonable planning level for the City without dragging it out and allows the City to cash flow some items to get the project going. She noted that they couldn’t wait until next year adding that this is where she believes the City is in trying to manage a compromise. President Marty stated that he spoke with Phil Seipp, President/CEO of SYSCO, earlier this afternoon noting that Mr. Seipp explained that this is time sensitive and if this doesn’t go through, their cap is approximately $1 million and in reviewing the spreadsheets the amounts were over $300,000 and the criteria that SYSCO uses is that if they can keep it under $1 million they would get the funds from their corporate headquarters, if not SYSCO might be looking to invest in their money in other areas, possibly outside of the State of Minnesota. He stated that he sees SYSCO as being a very good neighbor and strong business here in Mounds View and it is not like they are asking for millions of dollars. He stated that they pay their taxes and they have been a growing business and sees this as a positive way that the EDA Authority and City could Mounds View EDA August 8, 2005 Regular Meeting Page 8 use as a tool to help complement SYSCO noting that this would be paid back to the City. He stated that he is going ask Economic Development Coordinator Backman and Director Ericson to clarify how the 50-percent versus the 30-percent would impact the City. Economic Development Coordinator Backman confirmed stating that in terms of the $1 million relative to SYSCO that is their threshold from Corporate noting that if it exceeds this amount it is probable that SYSCO would look at locations in the Wisconsin or Iowa areas. He stated that he is concerned about the possibilities of Rice Creek Watershed coming back with additional changes. He stated that they have had some discussions with the State about finding an additional $50,000 to $100,000 so that they do not end up with a gap. He stated that they met last week in an effort to have this covered in the event that the Watershed does come back with additional changes. He stated that in regards to the two-years versus three-years, a document Ehlers just completed has been included in their packet noting that it addresses the state of the health of the districts. He reviewed the district fund balances with the EDA noting that the healthiest district at the end of 2004 was District 3. He noted the revenues coming in stating that the revenues from District 1 outshined everything else. He stated that the district had over $600,000 in revenues coming in noting that all together revenues coming in for the first half of 2005 was $861,000, which was offset by expenses of $143,000 with a current balance of $1,060,000. He stated that the second-half payments coming in with another $861,000.00 noting that there would be developer payments and administrative costs. He stated that bottom line the City could have a balance at the end of December of $1,600,000. He stated that in looking at the individual districts the largest district would be District 1 with approximately $900,000; District 2, the smallest district, would have approximately $133,000; He noted that District 2 was the district where they decertified 87 parcels this past summer; and District 3 would have $633,000. He stated that on that basis he would agree that a two-year payout would work. Vice President Stigney stated that it is interesting to note that this passive open space land that was given to the City for the purpose of keeping it as open space land and now SYSCO wants to develop on it and change it to heavy industrial. He stated that he does not have a big problem with this if they can mitigate this in some way and the City does not lose the wetland area or the purpose of the wetland. He stated that he does have problems with SYSCO asking for TIF assistance. He noted that they also have two billboards in the area adding that he questions whether SYSCO really needs TIF assistance. He stated that if SYSCO wants to build a new wetland they should do it on their own dime. Commissioner Flaherty acknowledged that SYSCO has been a good neighbor in Mounds View adding that the City appreciates their efforts. He stated that he understands the $1 million benchmark from Corporate noting that he has had experience with this and this is a big concern. He stated that he understands that this is why they are asking for the TIF assistance. He stated that he is in between on this issue adding that he would be inclined to go with the 50/50 option versus a three-year payout. Mounds View EDA August 8, 2005 Regular Meeting Page 9 Vice President Stigney stated that he would like further clarification on the 50/50 split. He suggested that the 50/50 split should be 50-percent of what they are asking for, which would be a two-year payout at $125,000. MOTION Stigney/ To adopt Resolution 05-EDA-207 Approving the Development Agreement to Provide a 50/50 split with a Two-Year Payout at $125,000.00 in Tax Increment Financing (TIF) Assistance to SYSCO Food Services of Minnesota to facilitate the expansion of the Business Located at 2400 County Road J in the City of Mounds View, Minnesota. Motion dies due to lack of a second. MOTION/SECOND: Thomas/Marty. To adopt Resolution 05-EDA-207 Approving the Development Agreement to Provide a 50/50 split with a Two-Year Payout at $250,000.00 in Tax Increment Financing (TIF) Assistance to SYSCO Food Services of Minnesota to facilitate the expansion of the Business located at 2400 County Road J in Mounds View. Ayes –4 Nay – 1 (Stigney) Motion carried. 8. REPORTS A. Update regarding the Medtronic Redevelopment Project Economic Development Coordinator Backman provided the Commission with a brief update on where the City is at on the County Road J Reconstruction project. He referenced the meeting held on July 18th noting that several things have been accomplished relative to the road project including: • A meeting was held with MnDOT to discuss geometric needs for the future of the 35W/County Road J interchange. • Wetland and threatened/endangered species fieldwork has been completed; • An initial meeting has been held with the Rice Creek Watershed District to discuss the Judicial Creek impacts. • There has been work on the overall hydrology, watershed boundaries and preliminary stormwater pond sizing and location. • Development of a bridge plan and elevation concept drawing is under way. • Soil borings have commenced in this area. • Meetings have been held with the Medtronic Staff and Engineers to coordinate the tie-ins to the Coral Sea improvements. Economic Development Coordinator Backman stated that the current actions include: • Shoreview City Council is holding a workshop to discuss the County Road J Reconstruction project. • A utility meeting is scheduled for Tuesday, August 9, 2005, that would include all utilities Mounds View EDA August 8, 2005 Regular Meeting Page 10 along County Road J. • An Open House for the County Road J Reconstruction Project is scheduled for Tuesday, August 9, 2005, at the Blaine City Hall, 4:30 p.m. to 7:00 p.m. to allow the public an opportunity to ask questions about the project. • The goal of Ramsey County and S.E.H. to have design work 30-percent done by the end of August 2005. 9. NEXT EDA MEETING: Monday, August 22, 2005 at 6:00 p.m. 10. ADJOURNMENT President Marty adjourned the meeting at 7:20 p.m. Respectfully submitted, Recorded and transcribed by: Bonnie Sullivan TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting August 22, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:02 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty, Vice-President Stigney, Commissioner Gunn, Commissioner Flaherty, and Commissioner Thomas. NOT PRESENT: None. 3. APPROVAL OF AGENDA MOTION/SECOND: Flaherty/Thomas. To Approve the August 22, 2005 Agenda as presented. Ayes –5 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES. The following corrections were requested: • Page 3, line 112, change “EDC” to read “EDA” • Page 4, Line 154, change “RIK, SYSCO” to read “RLK, Kuusisto” • Page 8, Line 310, change “that if they could put together the” to read “that if they could get the” MOTION/SECOND: Marty/Flaherty. To Approve the July 11, 2005 Minutes as amended. Ayes –5 Nays – 0 Motion carried. 6. CONSENT AGENDA None. Mounds View EDA August 22, 2005 Regular Meeting Page 2 7. EDA BUSINESS A. Consideration of EDA Resolution 05-EDA-208A, a Resolution Approving the Elimination of Parcels from TIF District No. 3 and 05-EDA-209B, a Resolution Approving the Establishment of TIF District No. 5, a Special- Legislation Economic Development District. Economic Development Coordinator Bachman referenced the packet provided to the Commission noting that at the June 27, 2005 meeting, the EDA and City Council adopted resolutions approving the sale of land comprising the Bridges of Mounds View Golf Course, approved the Medtronic Development proposal, terms of the purchase agreement. He explained that in order to facilitate this development, the City sought passage of special TIF legislation during the 2005 legislative session. On May 23, 2005, the Minnesota Legislature approved the Public Finance Bill that included the City’s legislation and allows it to create a 25-year Economic Development TIF District, with variations from TIF law authorized in Chapter 152, Article 2, Section 26. The Economic Development TIF District legislation requires that the Boards for Ramsey County and the Mounds View School District need to approve the legislation. Both Boards approved the TIF District legislation for Medtronic on June 28, 2005. Economic Development Coordinator Bachman used a colored map to describe the parcels and adjacent rights-of-way that the proposed District No. 5 encompasses as well as District No. 3. He noted that Parcel Number 05-30-23-22-0004 is 46 acres that will be retained by the City for open space. This parcel is currently in TIF District No. 3 and it would be part of the new district, less the three acres that is being deeded back to SYSCO Minnesota for that company’s expansion project. Economic Development Coordinator Bachman explained that the new District is being created to facilitate development of Phase 1 of a business campus for Medtronic, which includes approximately 820,000 square feet of office space. A development agreement has been authorized, contingent on the approval of the proposed TIF Plan and establishment of TIF District No. 5. If approved, development is likely to begin in the Fall of 2005. Economic Development Coordinator Bachman noted the Mounds View EDA and City Council have determined that it will be necessary to provide assistance to the project for certain TIF- qualified costs. He advised that Staff recommends approval of the two resolutions, as submitted. Commissioner Thomas stated she held a brief discussion with Economic Development Coordinator Bachman regarding this agenda item. She asked Ms. Eldridge to review the issues related to Parcel Number 05-30-23-22-0004 and why Staff recommends it be included in the TIF District. She noted that it would be undeveloped and she is uncomfortable with including this parcel if it doesn’t have to be included in TIF. Mounds View EDA August 22, 2005 Regular Meeting Page 3 Economic Development Coordinator Bachman explained that it is the recommendation of Ehlers & Associates to include it for several reasons. He advised that if there are any TIF expenses within that area such as roads or trails, or something TIF eligible, it could be paid by increment generated from the District. He explained that with a TIF District, the City can subtract parcels but once created the City cannot add parcels to the District. However, Staff is flexible in looking at the wishes of the EDA and in looking at other options relative to this parcel. Commissioner Thomas asked why there would be anything inhibiting the use of TIF dollars since they would be TIF eligible improvements regardless of whether this parcel is or is not within the TIF District. President Marty noted the parcel in question is already within TIF District No. 3. Commissioner Thomas suggested the EDA could remove the parcel from TIF District No. 3 and leave it out completely. Shelly Eldridge, Ehlers & Associates, Inc., advised that one reason Staff recommended to leave the parcel in for now, but maybe not forever, is that the City does not yet know what will be on that parcel. However, once the buildings are located Staff will know if more land is needed. Also, once the City has a better idea of where and how the buildings will be set, actual land and lots splits for both SYSCO and Medtronic, and what is happening with the SYSCO outlot, then the EDA can decide if the parcel should be taken out of the TIF District. Ms. Eldridge explained that putting the parcel in the District now will give the EDA more flexibility and there is nothing to preclude removing the parcel in the future, once the EDA knows what will be happening on the parcel. In addition, the EDA can use some of the increment from older districts. However, Staff has not yet gone through that analysis or determined whether the EDA will change or decertify districts. Ms. Eldridge stated she believes it would be premature to take this parcel out of the TIF District at this point and recommended it be reviewed again in the future. Commissioner Thomas stated she had forgotten about the triangle piece of property and whether the City may need it for an access way. She asked if the City can get a right-of-way easement. Vice-President Stigney questioned the impact to the money that Medtronic is giving the City for trailways. Economic Development Coordinator Bachman explained that the contribution to the park dedication is $865,000 of which up to $150,000 can be allocated for trails. There is no specification whether the parcel is in TIF District No. 3 or TIF District No. 5 or some other configuration. There is no regulation or specificity in that regard. He used a map to note the location of the triangular piece of property that was referred to by Commissioner Thomas. Mounds View EDA August 22, 2005 Regular Meeting Page 4 Economic Development Coordinator Bachman advised that OPUS does not anticipate any buildings would be located on the SYSCO property but there would be a fire road so they will grant easements. Vice-President Stigney pointed out that if an easement is needed, the City owns the property and could grant the easement. Economic Development Coordinator Bachman stated that is correct. Vice-President Stigney noted that if they want to purchase the triangular piece of property, they could negotiate with the City. Economic Development Coordinator Bachman concurred. Vice-President Stigney stated that since this parcel is not part of the 72.2 acres they purchased, he is uncomfortable with putting it in TIF District No. 5. Commissioner Flaherty stated the parcel is “healthy” in TIF District No. 3 and he sees no rationale for putting it in TIF District No. 5. Also, the parcel isn’t part of the development or needed for the development. President Marty stated his agreement with Commissioner Flaherty’s comments. Commissioner Thomas stated this would be a tax-exempt property and it is not doing anything in TIF District No. 3 so it would be fine to take it out. But, she is not sure that it needs to be put into TIF District No. 5. If removed from TIF District No. 3, it would be totally decertified at that point. She stated she has not yet determined why it should be included in TIF District No. 5 unless for access, but it appears the City can get easements anyway. Commissioner Gunn pointed out that if the parcel is put into TIF District No. 5, the EDA would have the TIF pool to use. Commissioner Thomas noted the TIF pool could be used anyway. Commissioner Gunn stated it was discussed in the past about decertifying sooner and, in that case, the TIF pools disappear. Commissioner Thomas stated that with this piece of property, it makes no difference to either TIF District and the pool of funds would be available regardless. She stated she does not see the benefit of transferring this parcel to TIF District No. 5 unless it is needed for access. President Marty agreed and noted it could stay alive for the next 27 years. Mounds View EDA August 22, 2005 Regular Meeting Page 5 Commissioner Thomas pointed out that it is a tax-exempt property anyway so it would not make a difference. She restated her position that she is not comfortable with putting the parcel in a TIF District if there is no reason to do so. Commissioner Flaherty agreed and noted the EDA still has options to use, if needed. He added that if there is an easement issue, it can be easily rectified. Economic Development Coordinator Bachman stated he generally supports recommendations of advisors but for this particular issue, Staff is flexible. He explained that the key issue is the other five parcels comprising the 72.2 acres and the 46 acre triangular area is less critical for this development. He stated that Parcel Number 05-30-23-22-0004 could be included or excluded from the District from Staff’s point of view. President Marty stated his preference to leave the parcel in TIF District No. 3. President Marty read a paragraph from Page 2 of the Staff report indicating: “The Mounds View EDA and City Council have determined that it will be necessary to provide assistance to the project for certain TIF-qualified costs. These include, but are not limited to, land acquisition, site improvements, public utilities, parking facilities, roads, billboard removal and relocation, and demolition. The amount and use of TIF by Medtronic is outlined in the previously approved development agreement. President Marty stated the issue of land acquisition pertaining to Blaine has been mentioned a number of times at past meetings. In his opinion, that would be the last priority. He asked why land acquisition is listed first, ahead of everything else. Economic Development Coordinator Bachman explained that the Staff report includes the listing as shown in the legislation. It is not a listing of priority. He stated he believes there are other items that would entail more TIF expenditures. President Marty referred to the Ehler’s presentation, and drew the EDA’s attention to the list of authorized uses on Page 2, noting the project cost total of $32,700,000 and interest of $16,947,319, but the land acquisition is only $2,100,000. Sid Inman, Ehlers & Associates, explained that this is a TIF Plan and the numbers are estimated costs. He advised that the EDA can make line item changes as needed. With regard to President Marty’s earlier question, he explained that the State Auditor lists acquisition first but that doesn’t mean it would be reimbursed first. President Marty noted that even with the interest removed, it still equals, $15,752,681. He stated his understanding that this project would have a cap of $14.8 million but the numbers show it is Mounds View EDA August 22, 2005 Regular Meeting Page 6 almost $1 million higher than that and does not include almost $17 million in interest being paid to Medtronic. Mr. Inman explained that this is a budget and the amount they get will be limited by the contract. That limit is $14.8 million. He explained that this is an estimate and the EDA can ago lower but cannot go higher so it is generally estimated on the higher side. City Attorney Riggs concurred that there is a cap of $14.8 million. Mr. Inman stated the EDA is legally obligated to $14.8 million and the interest would be on top of that. President Marty noted there will be almost $17 million of interest on top of the $14.8 million amount. Economic Development Coordinator Bachman noted that administrative costs show 10% but the cap is at 5% so that would be a difference of about $1 million less in expenditures. He restated this is a budget estimate and if there are additional increments because of larger valuations, this could get paid off early and back on the tax rolls in 19.5 years. In that case, less interest would be paid. Mr. Inman stated they tend to recommend to give the broadest range of possibilities. That is why Staff recommended the parcel be included and why the budget is somewhat higher. He noted that interest would have to be paid in any case no matter how it is financed, even if bonds are issued. The interest is to finance the cost of the improvements. President Marty noted the administrative costs would be about $1 million less so the full $2,100,000 would go to Blaine for the land acquisition. Mr. Inman stated that would be correct if it got that far down in the “pecking order.” President Marry read the Interfund Loan Requirement indicating: “If the City wants to pay for administrative or other expenditures from a tax increment fund, it is recommended that a resolution authorizing a loan from another fund be passed prior to the issuance of the check.” He asked if there are any plans for interfund loans. Mr. Inman stated it is on the budget page. President Marty asked where those funds would come from. Mr. Inman stated they are defined to give flexibility and if the EDA decided to do that, Staff will bring back recommendations and resolutions for approval that identifies where the funds would Mounds View EDA August 22, 2005 Regular Meeting Page 7 come from. He explained this section merely memorializes the fact that the EDA may do that. However, this is a method of finance and would need to be approved by the EDA by resolution. President Marty noted if the State compresses business taxes, as they have in the past, and the EDA gets into a bind, the EDA could transfer from the TIF pool in order to meet obligations. Mr. Inman stated that would not be the case for this situation because the contract limits the developer to whatever taxes they generate. If there is tax compression, they just get whatever they pay. The EDA would not be required or obligated to find funds to pay them. President Marty stated he understands this being included as a “safe gap” but he does not understand why interfund loans and transfers are included as $5 million. Mr. Inman explained that none can take place unless approved in the future and it is only included as an option. Director Ericson explained that the Highway 10 plan is adopted and if financing comes up short and there are excess dollars in TIF District No. 5, then the City could authorize a loan to borrow from that District. This resolution would allow that ability but it does not mean the City would have to approve an interfund loan. It would have to be approved by a resolution adoption. President Marty stated his understanding this TIF District is a pay-as-you -go so it will not be creating a pool. Mr. Inman stated it does not create a pool but experience is that it will be paid off early so in a certain period of time, the EDA will have to decide whether to shut down the district and put it back on tax rolls. Or, it could be used for a different project such as a highway project mentioned by Director Ericson. Commissioner Thomas stated it is the same as TIF District No. 3; the EDA can determine if it wants to end it early or use the funds for other projects. Economic Development Coordinator Bachman stated another option is that utilities could be paid from administration. President Marty referred to the last paragraph of Page 2-2, Subsection 2-5 indicating: “The EDA or City may acquire any parcel within the District including interior and adjacent street rights-of- way…The EDA or City may acquire property by gift, dedication, condemnation or direct purchase from willing sellers in order to achieve the objectives of this TIF Plan.” He stated he personally does not like condemnation and including it makes him uncomfortable. Mounds View EDA August 22, 2005 Regular Meeting Page 8 Commissioner Thomas stated some of the language is standard “boiler plate” and not specific to just this District. President Marty referenced Page 2-3, Subsection 2-6, Classification of the District, and read the following definition of TIF: “Economic development district’ means a type of tax increment financing district which consists of any project, or portions of a project, which the authority finds to be in the public interest” and then lists three different reasons. He stated all three are to the benefit of the State and does not reference local jurisdiction. He stated that the creation of TIF Districts is of benefit to the State. Commissioner Thomas noted President Marty is reading from the State Statute, which is why it is referencing benefits to the State. President Marty read Subsection 2-7, Duration of the District, indicating “Pursuant to the special legislation, subd. 2(b), the duration of the District will be 25 years after receipt of the first increment by the EDA or City. The date of receipt by the City of the first tax increment is expected to be in 2007. He pointed out that the clock won’t “start ticking” for about two and a half years. Commissioner Flaherty noted that section also indicates: “The EDA or City reserves the right to decertify the District prior to the legally required date.” He explained the EDA can decertify the district prior to the legally required date so it wouldn’t have to go the full 27 years. President Marty referenced Page 2-4, Subsection 2-8, that indicates: “…the Original Net Tax Capacity as certified for the District will be based on the market values placed on the property by the assessor at the time the property is classified as taxable.” He stated it is up to the Ramsey County Assessor but the City’s appraisal came in at $10 million. President Marty stated he does not understand the chart at the bottom on Page 2-4 and questioned the Original Local Tax Rate of 125.768%. Mr. Inman referenced the chart on Page 2-9 and explained the combined tax rates of all taxing jurisdictions. President Marty referenced the first paragraph on Page 2-7, that indicates: “The cost of all activities to be considered for tax increment financing will not exceed, without formal modification, the budget above pursuant to the applicable statutory requirements.” He asked if the costs could be modified upwards. Mr. Inman referred to Page 2-6 and explained that the State Auditor will allow the EDA, by resolution, to move money from one area to another. However, that at the end of the day it Mounds View EDA August 22, 2005 Regular Meeting Page 9 cannot be increased but can be reduced. To increase the amount the City would have to repeat the entire public hearing process. President Marty asked about the costs. Mr. Inman stated they have to be statutory qualified costs. President Marty asked for an explanation of the charts on Page 2-9, Impact on Tax Base and Impact on Tax Rates. Mr. Inman explained it is a statutory requirement to set forward the percent of the tax or tax capacity as a percentage of the whole. Right now the City’s tax capacity is $6.679 million and when adding Medtronic into the tax capacity, it will be approximately 14.28% of the City’s total tax capacity. The other chart is showing it in tax rate. The charts show what taxes each taxing jurisdiction would get based on that tax rate. Also, there is a State education tax that is not required to be included in this chart for that calculation. President Marty referenced Page 2-10, Subsection 2-16, Definition of Tax Increment Revenues, sub. 1, that indicates: “Taxes paid by the captured net tax capacity, but excluding any excess taxes, as computed under M.S. Section 469.177.” He asked what those taxes would be. Mr. Inman reviewed the rate and explained if approved, it will be a frozen tax rate. So, if Mounds View and the County increases the levy rate, that increase does not go back to the District. President Marty referenced Page 2-11, Subsection 2-17, Modifications to the District, and read sub. 5 and 6 that indicates: “5. Increase in the estimate of the cost of the project, including administrative expenses, that will be paid or financed with tax increment from the District; or 6. Designation of additional property to be acquired by the EDA or City, Shall be approved upon the notice and after the discussion, public hearing and findings required for approval of the original TIF Plan.” President Marty noted that prior to this it states “during the first five years” and asked if it could be enlarged. Mr. Inman explained the District could not be enlarged or the budget increased without going through the same notice and public hearing process. City Attorney Riggs stated the same would be true of the special legislation. President Marty read the last paragraph indicating: “…the tax increments may be used to pay for the County’s actual administrative expenses incurred in connection with the District. The county may require payment of those expenses by February 15 of the year following the year the expenses were incurred.” Mounds View EDA August 22, 2005 Regular Meeting Page 10 President Marty asked what the County’s administrative expenses would be and where payment would come from. Mr. Inman stated each County deals with TIF differently and some have a computer program or Staff time. Each year the County will provide the City with a list of expenses and they will deduct that cost from the TIF prior to giving it to the City. He explained that it varies from County to County and some bill for their expenses while others deduct the costs. Ms. Eldridge advised that Ramsey County goes through substantial analysis of the City’s TIF Districts. Mound View is now getting billed for District Nos. 1, 2, and 3 every year. The deduction is made prior to settlement and goes to the State Auditor for their administrative fees. Ramsey County will send a bill that will be split into the amount and divided by all Districts in the County so it is a flat fee. The other side of it is by parcel. The more parcels in the District, the more maintenance at the County level that is involved. She estimated it will be less than District Nos. 1 and 2. President Marty stated those dedications come from the City’s portion. Ms. Eldridge explained they come from the TIF increment as they do with the other Districts. Director Ericson clarified that it comes from the increment but does not reduce the City’s percent. The City still retains 5% of the increment collected. President Marty referenced Page 2-13, second sentence of the third paragraph, that indicates: “The EDA or City will pay to the developer(s) annually an amount not to exceed an amount as specified in a developer’s agreement to reimburse the costs of land acquisition, public improvements, demolition and relocation, site preparation, and administration.” President Marty asked if these are the payments that Medtronic has. Mr. Inman stated that is correct and they are further limited by the agreement. President Marty referenced Page 2-15, Subsection 2-27, Other Limitations on the Use of Tax Increment, that indicates: “…Increment may only be spent on one or more of the following costs, improvements, or activities: …including structured parking; administrative expenses; wetland mitigation; soil correction …” President Marty asked if these are eligible corrections and if the Blaine property needs soil corrections, would it come from here. Mr. Inman stated the agreement does not say that. President Marty referenced Page 2-15, item 3, that indicated: “Five Year Limitation on Commitment of Tax Increments. Pursuant to the Special Legislation, Subd. 2(c), the five year rule under M.S., Section 469.1763. Subd. 3, has been extended to a ten year period. He asked if they will have up to 10 years from 2007 to create Phases 2 and 3. Mounds View EDA August 22, 2005 Regular Meeting Page 11 Mr. Inman stated it is indicating that they have up to ten years to spend the qualified costs that Mounds View will reimburse them for. If they only do Phase 1 and never do Phases 2 and 3 within the ten years, then everything goes away. President Marty referenced Appendix A-2, the project description under transportation indicating: “The Bridges AUAR, authorized by the City, reviewed all transportation issues related to the proposed development of the site. RLK-Kuusisto of Minnetonka prepared the AUAR documents.” President Marty stated he does not feel it is correct because the AUAR considered the freeways and trunk roads but the City street traffic was not taken into consideration. President Marty referenced the Exhibit B chart and asked for larger-sized print on future reports so it is easier to read. President Marty questioned Appendix F, the but/for for qualifications. Mr. Inman gave an example of someone buying a car that is worth $10,000 but comes to $17,000 when you add principal and interest. You wouldn’t say it’s a $17,000 car, you’d say it is a $10,000 car. He stated the same is done with the stream of TIF payments. The chart shows it is worth $15,700,000 in today’s dollars. This formula is a statutory formula that is required to be performed. The theory is that if the number at the bottom was rather small in comparison with the other two, it would show that you are not getting much market value. The larger number at the bottom the more the statute indicates you will be getting in market value than if you had not done this project. Mr. Inman explained that is the theory. President Marty stated this is close to what he had arrived at from the $32,700,000 figure, which was $15,752,681 so this is only off by about $50,000. President Marty referenced the second paragraph of Appendix F that includes a sentence that indicates: “In addition, site constraints require the developer to acquire adjacent land to preserve existing wetlands and green space which adds additional costs.” He stated the land being acquired is developed and asked about this comment. Economic Development Coordinator Bachman stated it comes into play if they don’t acquire the adjacent properties, the two businesses, and move them in Blaine. They would have to have a greater proportion in parking, wetland #2 may be lost, and it may be more difficult to get wetland mitigation to the east. This also allows for better placement of the park facility. President Marty read a sentence in Appendix F2 that indicated: “Therefore, the City concludes as follows: a. The City’s estimate of the amount by which the market value of the entire district Mounds View EDA August 22, 2005 Regular Meeting Page 12 will increase without the use of tax increment financing is $0.” He pointed out that the City of New Brighton is finding the opposite to be the case. President Marty read another subparagraph as follows: “c. The present value of tax increments from the District for the maximum duration of the district permitted by the TIF Plan is estimated to be $15,708,780.” He stated that it is capped at $14.8 million and not a fluid number, but it will be higher with the interest. Mr. Inman stated this is the present value number and includes $14.8 million plus administrative expenses. That is the cap and the maximum this plan will let you have. Commissioner Thomas commented that the TIF dollars for the City’s property is not the same situation as what New Brighton has because they don’t have a tax exempt city function on the property they are talking about. She noted that Mounds View currently has a functioning business on that property and that will not change in any way except for this project. That is why subparagraph a., in Appendix F2, is shown as $0. President Marty referenced the last paragraph of Appendix F-2 that indicated: “The conclusion and recommendation of City Staff is that the TIF Plan is consistent with the City’s comprehensive plan based upon the following information and City actions. …On February 2, 2005, the Planning Commission for the City approved a recommendation to the City Council as to the approval of a comprehensive plan amendment revising the land use designation for this development site in the District from Outdoor Sport Recreation (SRO) and Passive Open Space (OSP) to Office (OFC).” He stated that facts have changed considerably since February 2, 2005 and there has even been a change of flavor with the Planning Commission. President Marty read a portion of the first paragraph of Appendix F-3 that indicated: “On July 20, 2005, the Planning Commission confirmed that the proposed sale of the development site in the District to Medtronic was consistent with the City’s comprehensive plan. On August 3, 2005, the Planning Commission did not approve a resolution finding that the TIF Plan for the District conformed to the general plan for the development and redevelopment of the City as a whole.” President Marty stated the conclusion is that it is consistent but the City has modified the Comprehensive Plan to make it consistent. He noted that from the beginning to now, there have been a number of modifications and they are still working on that so it seems there are a number of items and statements in this report that appear, as you read through it, somewhat of a mass of inconsistencies. He noted the City is getting them in order but things have changed tremendously since February. Commissioner Flaherty stated the EDA and City reserves the right to decertify the District prior to the date and, by all discussions, that date will be 19.5 years to decertify the District. Mounds View EDA August 22, 2005 Regular Meeting Page 13 Commissioner Flaherty asked for an explanation of the indication on Page 2-13, Subsection 2-21, Excess Increments, that indicates: “The EDA or City must spend or return the excess increments under paragraph ( c) within nine months after the end of the year.” Economic Development Coordinator Bachman explained that the EDA cannot hoard TIF dollars and if increments are being generated by TIF Districts, then projects must utilize those dollars. If there are no obligations, Ramsey County could say they believe it is excessive and needs to be redistributed. Commissioner Flaherty asked if that is based on the desertification of the District. Economic Development Coordinator Bachman explained that TIF Districts are created for the purpose of economic development. If the TIF dollars are not used they cannot be funneled to general fund dollars. The TIF dollars must either be used or the District decertified. Commissioner Flaherty drew the EDA’s attention to Appendix A, Introduction, indicating: “The current site has acreage that is not buildable and wetland relocation will be required.” He asked if that means this current contract is selling about 20 acres of swampland and the actual buildable land of the 72.2 acres is 52.2 acres. Economic Development Coordinator Bachman stated that is correct. Commissioner Flaherty reviewed the “but/for” qualifications detailed in Appendix F indicating: “While property could be sold to another developer for some other use, these scenarios are not feasible in the market due to various constraints mentioned above along with others. First industrial uses could not meet the market valuation due to the fact that they are single story in nature (can’t get to the same density as office), lack the amenities in design and construction and are traditionally valued at ½ the market value of commercial and office uses. Second, commercial retail uses have the same restraint in that the market does not allow for vertical commercial/retail development.” He asked if the Medtronic development is going up (vertical) so it creates higher density and higher value on the land. Economic Development Coordinator Bachman answered in the affirmative. Commissioner Flaherty noted that by those two statements, the City is getting better value than someone else coming in. Economic Development Coordinator Bachman stated that is correct. President Marty noted there are two resolutions for the EDA’s consideration. Mounds View EDA August 22, 2005 Regular Meeting Page 14 MOTION/SECOND: Thomas/Stigney. To waive the reading and adopt EDA Resolution 05- EDA-208A, Approving the Elimination of Parcels from Tax Increment Financing District No. 3 located within the Mounds View Economic Development Project in the City of Mounds View, removing parcel 05-30-23-22-0004, the triangular property, from TIF District No. 3. President Marty asked that the signature line of the resolution be changed from “Chair” to “President”. Ayes –4 Nay – 1 (Marty) Motion carried. President Marty indicated he would like to amend the resolution in reference to the Planning Commission’s lack of recommendation. Commissioner Thomas stated the motion must first be moved prior to an amendment being made. MOTION/SECOND: Gunn/Stigney. To waive the reading and adopt EDA Resolution 05-EDA- 208B, Adopting a Modification to the Project Plan for the Mounds View Economic Development Project, Establishing Tax Increment Financing District No. 5 Therein and Adopting a Tax Increment Financing Plan Therefor. Mr. Inman stated it indicates the EDA does not want parcel 05-30-23-22-0004 in this District either. President Marty stated that is correct. Mr. Inman stated the record should show the EDA is modifying the Plan without that parcel and Staff will amend plans accordingly. Brian Amundson, 3048 Wooddale Drive, asked for clarification on the EDA action. He explained that on the City’s web site he found Exhibit A, City of Mounds View TIF Policy, and applications. Mr. Amundson asked what step the EDA is taking tonight in relation to this exhibit that says how the EDA will deal with TIF. He also asked if Medtronic has asked for a TIF District, which is the first step of the policy. City Administrator Ulrich stated there is an application for TIF from Medtronic and that application is part of the first step of the process. This is the creation of the public hearing for the TIF District and approval of the Plan. Mr. Amundson asked when that application was submitted to the City. Economic Development Coordinator Bachman stated it was submitted in June of 2005. Mr. Amundson stated that he was told by Staff at the end of June that there was no application. Mounds View EDA August 22, 2005 Regular Meeting Page 15 Commissioner Thomas explained the application came in just after that question was raised. She further explained that no agreement was necessary up to that point but after the meetings were held and the TIF district approved, the application was necessary. Mr. Amundson asked if the EDA is currently reviewing the application for TIF, its public purpose, job creation numbers, and sources and uses. Commissioner Thomas stated the action is the creation of the TIF District by the EDA. The EDA talked about job creation numbers at the last meeting. Mr. Amundson asked if there is a deposit agreement submitted. City Administrator Ulrich answered in the affirmative Mr. Amundson asked if the application is available to the public for review. City Administrator Ulrich answered in the affirmative. Mr. Amundson asked if the application has it been available prior to this meeting. City Administrator Ulrich answered in the affirmative. Mr. Amundson asked if the public was advised it was available for review. Commission Thomas stated it was part of the report. Director Ericson explained that the City does not announce every time a document is available for public viewing because all documents are available for public viewing. Mr. Amundson asked if the application proposal worksheet is also available that provides the evaluation points in determining whether a District is appropriate. City Administrator Ulrich answered in the affirmative. Mr. Amundson asked if EDA members have all received that document. Commissioner Thomas stated all members have the information in the report. City Administrator Ulrich explained the information was passed out the end of June and it went through the worksheet in terms of job creation as required. Mr. Amundson stated since there is a pending request for such development to go to the public on a ballot, he is surprised the EDA is taking any action prior to the public saying whether there will be a sale. He stated to him it seems premature to issue authorization for the creation of a TIF District that may never see an owner. Also, he thought the TIF application had to be after the applicant acquired the property. He pointed out that these questions relate to procedural issues related to the EDA’s own policies. Mounds View EDA August 22, 2005 Regular Meeting Page 16 President Marty asked if the application is to be after the owner acquires property. City Administrator Ulrich stated it could be either ownership or control of the property, but he would have to look at the policy. Economic Development Coordinator Bachman stated the problem is that it would compromise the but/for test. Basically if the EDA is justifying the TIF expenditure, it needs to say that but/for this particular assistance, this project would not happen. Mr. Amundson explained he is asking the Authority why it is moving ahead at this point when other actions may result in never requiring the creation of this District. He stated it seems appropriate to do things in order and to also avoid legal contentions by assuring actions follow the City’s policy. Mr. Amundson explained that he was previously told that the application had not been submitted and believes it is not appropriate to entertain one before moving forward with the sale. He stated he appreciates that the application now exists and he would like the opportunity to review it. He was surprised the notice was not made available. Commissioner Flaherty stated it behooves the City to move forward on a project of this magnitude and he cannot in good conscience stop the project where it is now without moving forward. He stated that he understands the petition is being submitted and that Mr. Amundson is asking the City to stop any negotiation until the petition is ratified. Mr. Amundson asserted the EDA is taking an action it is not authorized to take since the ordinance is not in effect that allows the EDA to sell the property to the requested future property owner. Commissioner Thomas advised that the Ordinance had a 30 day effective period and went into effect on August 20, 2005. Mr. Amundson asserted the action does not take effect until the petition is ratified. President Marty stated the petition issue will be addressed at the Council meeting. Mr. Amundson stated he wanted to address whether policy and procedure is being followed. AMENDMENT MOTION: Stigney/. To waive the reading and adopt EDA Resolution 05-EDA- 208B, Adopting a Modification to the Project Plan for the Mounds View Economic Development Project, Establishing Tax Increment Financing District No. 5 Therein and Adopting a Tax Increment Financing Plan Therefor, as amended to add Section 7. Exempting parcel 05-30-23- 22-0004, the triangular property, as approved in EDA Resolution 05-EDA-208A. Commissioner Thomas questioned how the exemption would be reflected since the PIN is no longer listed in the previous resolution. For documentation sake, when the resolution is filed, she noted it will not have that parcel reflected so referring to it in this document will not make sense. Mounds View EDA August 22, 2005 Regular Meeting Page 17 Mr. Inman noted the parcel does not appear in the second resolution but does appear in the Plan and all documents the EDA has received. He stated he would like the action to include the parcel number to avoid confusion. City Attorney Rigg agreed that is the most correct route since it is referenced in the Plan. He stated what is before the EDA does not have that parcel pulled out at this time and the EDA should have a record. Economic Development Coordinator Bachman suggested Section 1 of the resolution be revised to state: “…Minnesota which is underutilized and that the adoption of the proposed Plans, as amended, will help provide employment opportunities…” Commissioner Thomas stated there are only the five parcels and suggested including those PIN numbers rather than excluding the one that is being omitted. Vice-President Stigney stated Staff can determine how to best reflect that amendment. SECOND: /Thomas. Vote on amendment motion: Ayes – 5 Nays – 0 Motion carried. Duane McCarty, 8060 Long Lake Road, stated he has reviewed the draft contract and believes this proposal is being piecemealed, not by design, but in actual fact. He stated there are several other issues in the overall contract that the EDA will need to deal with. He stated the original contract had an exclusion for existing jobs that has been stricken from the current contract. He assumed that it is intended that Medtronic will move positions from other facilities to the Mounds View location and wondered if that qualifies as the jobs goal as required under the Economic Development Act. Other issues of concern relate to indemnification for liability; however, studies have found a certain amount of hazardous conditions, and that the contract requires the City to indemnify all comers in the first phase. Mr. McCarty stated he has many other issues and is in fear that the EDA is “digging a hole” and when the end comes the City will not like the results but be hard pressed to retract actions. He stated in his mind, the City should understand every contingency from beginning to end before getting this far. That is what the previous speaker was alluding to and is his concern as well. Commissioner Flaherty read the Purchase Agreement, Section 5.2, Jobs and Wages, which indicates that within two years after the date of issuance of the certificate of completion, the compliance date, that developer shall cause to be created at least 1,500 new full-time equivalent jobs on the development property. Mounds View EDA August 22, 2005 Regular Meeting Page 18 Mr. McCarty stated that language does not exclude existing positions and does not prevent them from bringing existing positions in from other facilities. He stated those are the concerns the residents have been talking about and should be addressed. City Administrator Ulrich asked Mr. Inman to respond to the concern that this project does not meet the job creation goals of the State. Mr. Inman explained there are no job creation goals of the State but the State requires that you have job creation goals and they were adopted by the public hearing. He further explained that the City can determine if that involves new jobs or existing jobs. City Administrator Ulrich stated the indemnification on environmental issue is meant to protect the City during the construction phase. There would be limited liability with the City picking up to $200,000 of environmental clean up costs, if any. Mr. McCarty referenced Section 116, j., 943, and noted that some criteria expected on the business subsidy that there would be economic gain to the State and job creation. He explained that he is saying the City can, if they wish, require those new jobs promised to the citizens of Mounds View and anyone else attending the public hearing on June 20, 2005. The City can hold them to that promise and if they don’t fulfill then the City can “pull the pin” on this thing. Mr. McCarty stated the deeper you go the more difficult it will be to “turn the train around” should new evidence make it less desirable for this project to go forward as proposed. Commissioner Thomas stated the responsibility of the State and City is new jobs in Mounds View. Medtronic currently has 90 employees at the shipping facility in Mounds View. She stated anything above that is new jobs to her and that is where she draws the line. Mr. McCarty asked Commissioner Thomas if she feels that that imported jobs are new jobs. Commissioner Thomas answered in the affirmative. Mr. McCarty stated the employee may be living in New Brighton and he thinks that is a limited view. Mr. McCarty asked who guarantees anything above the $200,000 liability limit should a law suit be brought, since the City is the indemnifier. He also asked under what law the City can claim a liability limit of $200,000. He noted the tort liability for governments under statute is $600,000. City Attorney Riggs explained that this is EDA property that would be transferred and just like any landowner if in the chain of title, they are jointly and severally liable for any type of environmental obligation. He stated this is the case whether by contract or insurance. He advised that the City has taken steps to shift liability and there is also insurance to cover certain percentages. He offered to review the contract terms with Mr. McCarty and the EDA, if desired. Mounds View EDA August 22, 2005 Regular Meeting Page 19 Mr. McCarty stated the proposed draft contract does not go into those details, which is part of the dissatisfaction of many residents in Mounds View. He suggested the contract lays the entire indemnification requirements entirely on the City. Mr. McCarty read a portion of the indemnification language and stated to him, that is a very strong commitment. He stated that it is fine to say “only to the extent of $200,000,” but he would like to see evidence where this body can predispose a court order of over $200,000. He stated that it is a commonsense point of view that until the project is finished for the two years or whatever it is, he doubts that a strong case on behalf of an injured party would allow a limit of $200,000 unless Medtronic will pick up the amount over $200,000. SECOND AMENDMENT MOTION: President Marty/. To amend the third WHEREAS to indicate: “…The EDA has also requested the City Planning Commission to review the plans and did not approve a resolution accordingly, and that the Council schedule a public hearing on the plans upon published notice as required by law. Amendment motion died due to lack of a second. Vote on motion as amended: Ayes –4 Nay – 1 (Marty) Motion carried. B. Consideration of EDA Resolution 05-EDA-209, a Resolution Authorizing Payment of Pay-As-You-Go Developer Payment to Red Cent Management, LLC for the Building N Project in Mounds View. Economic Development Coordinator Bachman referenced the packet provided to the Commission and stated he does this report every six months for the Finance Director. He noted two payments were approved for the first part of August to the Silver Lake Point and Midwest Ivy projects. He stated that basically there were additional property taxes paid by Bethlehem Baptist Church. He stated there was acquisition of Building N by the EDC at the end of June 2004. They made a payment at the end of the year and applied for property tax exemption that would be effective for 2005. Ramsey County looked at the transactions and determined there was additional lease revenue paid to the new property owner, Bethlehem Baptist Church, by Medtronic Systems and that went on for a number of months. As a result, Ramsey County determined a portion of the building was taxable so payment of $26,667 was made to Ramsey County in May of 2005. Economic Development Coordinator Bachman advised that there was a larger payment last time but that was for the full building. The way the TIF agreement is structured, there is an excluded base so they get $3,066.16. He explained that there will be a follow up payment in the fall of this year for a similar amount. Mounds View EDA August 22, 2005 Regular Meeting Page 20 President Marty asked if that will pay it off at that point. Economic Development Coordinator Bachman stated he hopes so. MOTION/SECOND: Thomas/Stigney. To Adopt EDA Resolution 05-EDA-209, a Resolution Authorizing Payment of Pay-As-You-Go Developer Payment to Red Cent Management, LLC for the Building N Project in Mounds View. Carol Mueller, 8343 Groveland Road, stated she raised several questions at the last meeting and asked Staff to respond at the meeting tonight so all the residents of Mounds View can hear the answers. Commissioner Thomas suggested it be discussed during the Council meeting so all can hear the answers who are watching the Council meeting. Ayes –5 Nays – 0 Motion carried. 8. REPORTS Ms. Mueller asked Staff to explain what the existing TIF Districts are, what property the Districts entail, and what percentage of the City’s property is in TIF Districts. In addition, she asked how the new action and establishment of a new TIF District will increase the percentage of the City that is TIF. Director Ericson stated there were three TIF Districts prior to the action taken tonight. Currently there are 225 acres in TIF Districts and Mounds View is about 2,600 acres. Of the total City of Mounds View, 8.55% is captured in TIF District Nos. 1, 2, and 3. The creation of TIF District No. 5 adds 2% that is captured within TIF Districts. However, Outlot A is no longer part of TIF District No. 5. It remained within TIF District No. 3 so that will change, but 10.56% remains the same. Ms. Mueller thanked Mr. Ericson for the response. Vice-President Stigney reported that he attended the YMCA community meeting last week dealing with relocation of employees during reconstruction of City Hall. Vice-President Stigney stated the fireworks last night were fantastic. Economic Development Coordinator Bachman announced a Caribou sighting at Mounds View Square, and that the grand opening will be held this Saturday, August 27 at 5:00 a.m. 9. NEXT EDA MEETING: Monday, September 12, 2005 at 6:30 p.m. Mounds View EDA August 22, 2005 Regular Meeting Page 21 10. ADJOURNMENT President Marty adjourned the meeting at 7:37 p.m. Respectfully submitted, Recorded and transcribed by: Carla Wirth TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting September 12, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:32 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty, Vice-President Stigney, Commissioner Gunn, Commissioner Flaherty, and Commissioner Thomas. NOT PRESENT: None. 3. APPROVAL OF AGENDA MOTION/SECOND: Flaherty/Gunn. To Approve the September 12, 2005 Agenda as presented. Ayes –5 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES The following corrections were requested: Page 3, Line 115, should read: “…that the company has submitted a completed TIF…” Page 3, Line 126, should read: “…for the purposes of DEED and…” Page 5, Line 177, should read: “that if the City SYSCO received a one-year TIF…” Page 5, Line 193, should read: “those improvements would costs.” Page 5, Line 202, should read: “…the districts would be re- de-certified the…” Page 5, Line 203, should read: “…He stated that they could would have to go ahead…” Page 7, Line 277, should read: “Commissioner Thomas stated that she is stilling going…” Page 7, Line 289, should read: “afternoon noting that Mr. Seipp explained…” Page 8, Line 297, should read: “…use as a tool to help complement…” MOTION/SECOND: Gunn/Stigney. To Approve the August 8, 2005 EDA Minutes as corrected above. Mounds View EDA September 12, 2005 Regular Meeting Page 2 Ayes –5 Nays – 0 Motion carried. 6. CONSENT AGENDA None. 7. EDA BUSINESS A. Possible Development of Laport Meadows Economic Development Coordinator Backman explained that in the fall of 2004, the EDA started considering priorities for 2005 and discussed a dozen or so potential projects. One project considered was in the area around Laport Meadows as the potential location for residential projects. At that time, it was not known if developers would be interested but it was put on the EDC 2006 priority list. The City was then approached by two developers who were interested in residential projects and they discussed potentially customized homes and other options. The developer was Rob Carlson Builders from Blaine and the other was Boschee Builders from Roseville. In February, Rob Carlson Builders decided to not pursue it, and a new group of people came forward from Coldwell Bankers. Economic Development Coordinator Backman introduced Wanda Hart of Coldwell Banker Burnett and Cheryl Stinski of Skyline Builders, who have express interested in looking at Laport Meadows to determine if there could be residential development knowing the limitations with wetlands, the nearby park, and collection point (compost site). He advised that they have looked at this project and held discussions with Jeff Sweitzert who is with an architectural firm and is collaborating with them on this project. Economic Development Coordinator Backman advised that in February they started discussing potential ideas relative to this area. At one point, it was discussed with the Council about what next steps should be taken, such as a wetland delineation, survey of residents, and other infrastructure needs. Council consensus was to put it back to the developer to get input from the residents as to their wishes and whether they want to or do not want to sell and what type of development they want. Some of the survey questions pertained to the general public about interest in retaining the compost site and alternatives to that site. The majority of respondents indicated they want that service to continue in Mounds View but some indicated they have the ability to do composting in their yard. He advised that over 60% of the population indicated they’d like that service to continue. The survey didn’t address whether that service could be provided in a different way. Currently, it is a one-acre compost site within a nine acre area. He presented a diagram that identified the location of the compost site, noting it is accessed from the west and south. To the south of the compost site is Laport Meadows. Wanda Hart, Coldwell Banker Burnett, stated she first asked about this property when Mounds View EDA September 12, 2005 Regular Meeting Page 3 representing a Mounds View resident and conducting a market analysis. Then she discovered that Mounds View may be interested in developing the area so she approached Cheryl Stinski, who is a developer, to see if she would be interested. Ms. Hart stated they talked to the residents and presented the Council with a copy of those findings. She stated they felt the best way to approach residents was with a letter and then a visit or telephone call. They were able to sit down with a few residents and, for the most part, communication has been over the telephone. So far they have talked to everyone at least once and a few several times. Five property owners favor selling right now, two favor the development but are not interested in selling their home, two answered a definite “no” to the development, and two were not committed. Ms. Hart advised that the two who are in definite favor of selling are David Little and James Lund. Both have indicated an interest in attending a Council meeting to express their support. She explained that Mr. Lund is located south of Laport Meadows and is not part of the initial project but could be if the Council wanted to consider that boundary of the development. Mr. Lund is very interested in selling and will also attend a meeting to voice his support to include his property in the Laport Meadows development. Jeff Sweitzert, Shared Design, stated he has prepared two diagrams that include several schemes. Scheme A has a senior facility in the compost location and beneath that 24 single family units on individual properties. The concept for seniors has two buildings that favor the water areas, just north of the buildings with a turnaround drop off area. The single family area would have an alley to access garages at the back of the house with a pedestrian street going directly out to the wetland area. This will make the wetland accessible to more than just the Laport Meadows residents since it would be a non-vehicular roadway. There would also be several shelters with docks into the wetland to allow people to sun, fish, or bird watch. The park would have a meandering pathway along the buffer treed area on the south perimeter of Highway 10. That would also provide noise abatement and bring pedestrians to a gathering point at the senior housing and terminating in a picnic park at the north end. Mr. Sweitzert presented Scheme B that contained 24 single family homes in a design that incorporates three streets but no alleys. The sites would have a larger back yard and four larger single family homes would be sited to the south of the wetland. The wetland would have a park and meandering pathway. The senior housing would be contained in three buildings in the compost area with an amphitheater and terminating in a picnic area at the far north area. This is a more traditional concept. Mr. Sweitzert then displayed an overlay that depicted existing conditions and how it is effective with their concepts. He noted that the existing conditions work best with Scheme A, which is their favored design. He also noted the location of existing structures and conditions that are not part of the proposed development. Commissioner Thomas stated the immediate question that comes to mind from the survey is the owners on Long Lake Road who are not interested in selling and how that would figure in. She Mounds View EDA September 12, 2005 Regular Meeting Page 4 stated this EDA is not interested in property taking so the developer would have to work with the homeowner. Mr. Sweitzert stated they have not yet worked on that issue. Commissioner Thomas stated her concern with high density in the top triangle so Scheme A would be more attractive to her since it has lower density. She noted the community wants to maintain a compost site so that concern needs to also be addressed. Economic Development Coordinator Backman stated Ms. Hart has seen a need for additional senior housing as a continuing area of interest. Seniors also support a variety of housing options. He stated he thinks there are possibilities for beneficial amenities beyond the Laport Meadows area. He stated the middle amphitheater is an intriguing amenity. In addition, the City has addressed sound wall concerns with MnDOT, noting there is a gap in the sound wall in this area. He stated it is likely the staff recommendation will be participation, in some terms, with the developers to close that gap. Economic Development Coordinator Backman stated he hears about that concern from residents to the east who are experiencing 62 to 75 decibels so it would be good to address that issue. Commissioner Thomas stated she would be willing to see increased density in the middle areas since there is higher ground in that location. She noted the north area contains a significant wetland area. Vice-President Stigney stated the compost site is important to maintain in some location of Mounds View. He noted residents have spoken “loud and clear” over the years that they need that service, noting it involves many bags of leaves because of the great number of trees in Mounds View. He stated he felt the pavilion amphitheater is out of touch with a senior area, and they would be conflicting uses. Commissioner Flaherty stated these concepts contain some really good ideas but the EDA’s key is community input because the EDA will not step in to try and persuade residents to sell. He stated that he likes the idea of a dock and fishing hole but the first stumbling block is resident input. Commissioner Gunn stated she supports Concept A which is less dense and allows the natural features of the area to still come forward. She stated that perhaps the number of homes can be reduced and stated her support for senior condo housing in which seniors have already expressed an interest. She stated her agreement with Vice-President Stigney that an amphitheater is probably not a compatible use with the senior housing and maybe a gazebo would be a better option. President Marty agreed the resident survey conducted by the developer carries a lot of weight Mounds View EDA September 12, 2005 Regular Meeting Page 5 because they are Mounds View citizens. He stated he will not support taking any property through eminent domain or condemnation. Another major hurdle is the need to maintain a compost site because residents have indicated they want and need that service. President Marty noted that Ramsey County was also curious about this and paid for a couple of those questions to clarify that point, and that message from the residents is clear. President Marty stated that of the two plans, he prefers Scheme A which contains less pavement. He agreed that perhaps the number of homes should be scaled down. However, a development would only work if all residents agreed. He noted the area to the north is an existing pond so it would be difficult to develop senior housing in that location. He thanked the developers for making this presentation and stated it may work if the residents agree to come on board. However, if the residents choose to not sell, then that is the way it will be and they will have to come up with a different plan. Mr. Sweitzert asked if the current compost site can be vacated if another location in Mounds View can be found. President Marty stated that is a possibility. Economic Development Coordinator Backman stated as with Hidden Hollow, some folks were not willing to sell and the developer worked around those properties. With that project, there was no eminent domain and it ended up with a good development. He advised that some residents have inquired since that time about additional units. He stated with Laport Meadows the project may not be in this form, and may incorporate current residents. Cheryl Stinski, Skyline Development, asked for direction from the EDA about contacting the residents. She asked if the City will work with them if a resident does not want to sell or if they should create a development that works around that resident. She stated she thinks that may be problematic and noted that the Hidden Hollow project was not similar to this property, because lots in this area are extremely deep. Ms. Stinski stated some of the roadways may also be problematic. President Marty suggested they consider gaining access from the south. Mr. Sweitzert stated he believes a plan can be developed that works on this site and with the residents. He noted that the proposed pedestrian way would be similar to an undeveloped roadway, as currently exists with Laport. He stated he believes it is key to get something of size in the northern area when related to roads and utilities so the ponds can be retained. Commissioner Flaherty stated the EDA wants to advise all of the stumbling blocks that may be in the way for this to move forward. He noted the dialog on this project is just starting. Ms. Stinski stated they wanted to know if the EDA was positive or negative about these designs. Mounds View EDA September 12, 2005 Regular Meeting Page 6 Commissioner Thomas stated that is why she was suggesting a higher density in the middle of the property, to make up for losses in other areas of the site. She stated she is supportive of some kind of mixed housing. Vice-President Stigney suggested they look at entering the site from a winding access, which would look very nice and may be an advantage to working around existing houses. Ms. Hart stated it would help them if the EDA were to authorize a wetland delineation study. Then the City would own the study and it will help with the land usage of the site. President Marty stated this is a rough scheme but farther into the process and if staff can find another location for the compost, the EDA may be willing to consider authorizing the delineation. Commissioner Thomas agreed it is a significant expense. Economic Development Coordinator Backman stated that information can be useful regardless if a developer is involved. He noted that with Hidden Hollow, the City participated in a portion of the soil boring work. In addition, it would be a TIF eligible expense. President Marty asked how much property the City owns. Mr. Sweitzert pointed out the parcels controlled by Mounds View. He explained the benefit of a delineation is that it will identify how close they can come towards the wetland boundary. It will identify the useable area. City Administrator Ulrich stated this concept does need additional work David Jahnke, 8428 Eastwood Road, stated older residents move from Mounds View because they want one-level condo or townhome living. With regard to the amphitheater, he noted the seniors won’t be able to hear it anyway. Economic Development Coordinator Backman stated staff could solicit proposals to find out what the wetland delineation cost would be. President Marty agreed, noting at a future date the developer will have additional information on their proposal as well. 8. REPORTS Economic Development Coordinator Backman stated staff provided the EDA with a draft report Predesign Agreement from DEED pertaining to the $5 million grant for activities related to the County Road J reconstruction project. The grant agreement is between the City and State on how funds are handled and pertains to about $1.6 million. Mounds View EDA September 12, 2005 Regular Meeting Page 7 9. NEXT EDA MEETING: Monday, September 26, 2005 at 6:30 p.m. 10. ADJOURNMENT President Marty adjourned the meeting at 7:19 p.m. Respectfully submitted, Recorded and transcribed by: Carla Wirth TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting October 24, 2005 New Brighton City Hall 803 Old Highway 8, New Brighton, MN 55112 6:34 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty (arrived at 7:02 p.m.), Vice-President Stigney, Commissioner Gunn, Commissioner Flaherty, and Commissioner Thomas. NOT PRESENT: None. 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Flaherty. To Approve the October 24, 2005 Agenda as presented. Ayes – 4 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES A. EDA Minutes of August 22, 2005 Vice President Stigney requested a correction on Page 18, Line 744, to read: “liability limit of $200,0000.” MOTION/SECOND: Flaherty/Stigney. To Approve the August 22, 2005 Minutes as amended. Ayes –4 Nays – 0 Motion carried. 6. CONSENT AGENDA None. Mounds View EDA October 24, 2005 Regular Meeting Page 2 7. EDA BUSINESS A. Presentation by Wanda Hart, Coldwell Banker, re: Laport Meadow Residential Project Economic Development Coordinator Backman reviewed that Skyline Builders, Inc. has been considering a potential residential project in the Laport Meadows area. At the September 12, 2005 Mounds View EDA meeting, Cheryl Stinski of Skyline Builders and Wander Hart of Coldwell Banker discussed a proposed residential project in the Laport Meadows area, east of Long Lake Road. At that meeting, Jeff Sweitzer, architect with Sharratt Design Company, presented several concept plans of what the project could look like. The EDA asked the developer to revise the concept plans to reduce density and have further discussion with the land owners. Wanda Hart, Coldwell Banker Burnet, reported that they contacted the 11 parties involved in this potential project, some are landowners and homeowners, some are just homeowners, and some just landowners. Of the 11 contacted, one is a definite ‘no’ to the entire project and the others are in line with the project and thinking about it. She stated the exciting part is that their new idea for the area puts less pressure on Long Lake Road so those homeowners can participate or not. Jeff Sweitzer, Sharratt Design Company, thanked the EDA for allowing them to present their new proposal tonight. He displayed a concept plan which is predicated on the idea there are certain property owners who are yes, some are no, and some are maybe. He used a map to point out the properties that do not want to participate and noted this plan allows people to be in or out of the project, or added at a later date. It also responds to the Rice Creek Watershed District indication there is a high water table on the western edge. He noted the location of a green backyard buffer to address that issue, resulting in a meandering pathway between two round- abouts which will slow down traffic and designate it possibly as its own neighborhood. Mr. Sweitzer noted this concept is predicated on the compost site moving and a senior housing project located to the north. In addition, they have reduced the number of units so it is not invasive on the wetland or neighborhood. He pointed out the location of the Lund property, which may want to be part of the overall development if it comes to pass. Mr. Sweitzer placed an overlay on the concept plan which depicted the location of the existing homes. He noted the trail meanders through an evergreen trail, connecting the senior area to the picnic area. The first plan had a pedestrian path out to a fishing pier, which is now more of an internal amenity even though it would be open to all. He emphasized that this new concept is more respectful of the current land owners and their decision to participate or not. Commissioner Thomas pointed out that it would require them to subdivide and sell part of their property. Mr. Sweitzer stated that is correct and they have addressed that issue with the property Mounds View EDA October 24, 2005 Regular Meeting Page 3 owners who have agreed to sell the back half of their property. Vice President Stigney asked about the difference in the number of houses. Mr. Sweitzer reviewed there are 30 single-family homes with Concept A and this concept has 28 single-family homes. The 28 homes includes an 8-unit condo building and 3-units of row townhouses. Economic Development Coordinator Backman advised that Concept A had a total of 124 units and the revised concept now shows 84 units, so the number has been cut by one-third. Commissioner Flaherty stated this concept is more attractive to him than Concept A due to the lower density. He noted the two senior buildings at 42 units each with a nice sculpture garden. He asked about the maintenance of the senior condo area. Mr. Sweitzer stated that question could be answered by Cheryl Stinski of Skyline Builders who is the developer but unable to attend tonight. Ms. Hart stated it would be similar to any other condo association with fees that are competitive to other associations. The senior condos would be owner occupied. Economic Development Coordinator Backman asked about the project market value. Ms. Hart stated they have not reviewed those numbers in depth but the condos will be in the area of $200,000 and up. The private custom residential homes will be similar to or higher in dollar value than the Hidden Hollow homes off County Road H2. Vice President Stigney stated some of the Hidden Hollow homes are over $600,000. Economic Development Coordinator Backman stated these homes will probably be in the range of $350,000 to $500,000. Ms. Hart concurred and explained they have not reviewed the numbers in detail because they do not yet know how much land is available due to the wetland area. She pointed out three home sites to the southeast of the wetland that may be of a higher value. Commissioner Flaherty asked about access to the trail. Mr. Sweitzer pointed out the access locations on the concept plan including the boardwalk through the wetland area. Commissioner Gunn stated she finds this plan to be very attractive, much less intrusive, and unique. She noted it blends in well and does not take over. Mounds View EDA October 24, 2005 Regular Meeting Page 4 Commissioner Thomas asked about arrangements for the compost site and parking for the condo and senior housing area. Economic Development Coordinator Backman stated the relocation of the compost site is a policy decision that the EDA will have to make. He stated with this concept plan, he likes the arrangement, noting three solid areas for “selling points”: 1) It does not add additional roads onto Long Lake Road and uses existing right-of-way and roads, which will be attractive to the County as well. 2) It has a lower density and allows for phases in the project. 3) It uses some of the existing infrastructure and builds on existing infrastructure so the City does not have to “recreate the wheel” or relocate utility lines. With regard to the location of the compost site, Public Works Director Lee stated that is a policy decision of the Council or EDA about what is the highest and best use for this land. He stated staff could initiate discussions with Ramsey County about the long-range goals for the compost collection site and if they would consider more of a regional compost site. Economic Development Coordinator Backman reviewed that the City Survey indicated a majority want to retain a compost site in Mounds View but some indicated a willingness to take composting material to Shoreview or Arden Hills. He stated residents could be asked what distance they would be willing to drive to an alternate site. Commissioner Thomas stated she loves this revised plan which echoes more of what the EDA had in mind. She noted the next step is the EDA’s, to find another location for the compost site. She stated it is her opinion there should be a location found within the City and she is not comfortable with locating it in the north corner at this time. She stated this is an amenity the City is providing and while it will never be the highest and best use of any property, it is important to her to keep providing this service. She stated she does not want to get in a bind by approving this now and then trying to find an alternate compost site. She reiterated this is the responsibility of the City, Council, and staff, and she is not willing to give up providing that service to the residents. Commissioner Gunn stated she assumes this plan can be done in phases to start with the homes first until the alternate compost site is relocated. She pointed out that residents have been asking for senior condos and this plan addresses that need. Vice President Stigney agreed that the compost issue definitely needs to be looked at and he wants to know what the developer could do if the compost site is shifted to the north. He asked if this development could encompass that use. Mr. Sweitzer stated they have not looked at that option but can do so. Mounds View EDA October 24, 2005 Regular Meeting Page 5 Economic Development Coordinator Backman advised that the compost area covers about one acre of the 9-acre site. He noted there are issues with the links and pointed out that if the compost site moves to the north, it becomes more visible so buffering would have to be addressed, or they may need to forego one of the buildings. Mr. Sweitzer pointed out the location of a wetland area to the north, which may be an issue in placing a compost site to the north because it may impact the water quality. He explained that he does not have that expertise so a consultant would have to become involved to determine the impacts to the wetland. Ms. Hart stated she has walked the site and the area on the north end is very narrow. She felt a compost site would have to come farther down and would end up impacting the location they propose for the northern senior condo building. She stated it is her personal opinion that would not be a good location because it is not large enough and would impact the wetland. Commissioner Flaherty stated the developer would be hard pressed to get approval from the EDA without some compromise on the compost site by the developers. He stated the compost site needs to be retained in some way and in some location within Mounds View. Mr. Sweitzer advised that all senior condo parking would be located in a heated underground lot. Surface parking would be created for visitors. B. Resolution 05-EDA-210 Authorizing the Laport Meadow Wetland Delineation Study Economic Development Coordinator Backman used a map to identify the subject area bounded by Highway 10, Long Lake Road, and what would be Laport Drive. He noted the mixed ownership pattern and explained the City owns or controls portions of the area and private landowners the rest. He advised that over eight of the parcels in the Laport Meadows area are currently vacant. Economic Development Coordinator Backman advised that staff requested written proposals and received two from qualified firms specializing in wetland sciences to conduct a wetland delineation study of the Laport Meadows area. The proposals ranged in cost from $2,323 to $2,660 with SEH submitting the lowest bid. Economic Development Coordinator Backman stated staff recommends the HRA adopt the draft resolution, which authorizes the consulting firm of SEH, Inc. to conduct a wetland delineation study of the Laport Meadows area at a cost not to exceed $2,500. President Marty arrived at 7:02 p.m. Mounds View EDA October 24, 2005 Regular Meeting Page 6 Commissioner Flaherty stated per the previous discussion related to the compost site, he would like to wait until the EDA sees an alternative to relocate the compost site before authorizing the delineation study. He stated he would like to have the developers, City staff, and Ramsey County come up with an alternative to the compost site prior to moving ahead with a delineation. Economic Development Coordinator Backman explained that this information would be useful for the whole area, about 40 acres, and would not address a specific concept plan. This information will pertain to the location of the wetlands. He explained that as with the Hidden Hollow soil borings, the delineation will get information to determine if the soils are appropriate for development. Economic Development Coordinator Backman pointed out that the weather is starting to change so the “window” to do delineations is coming to a close. If the delineation is done over the winter, the Rice Creek Watershed District (RCWD) will look at that information differently. He stated the delineation will indicate where the wetland area is located and encouraged the EDA to consider this request. In addition it would provide guidance to the developer since if the wetland is larger, it will impact where the homes, development, and roads are located. Commissioner Thomas noted the concept plan presented tonight is not a final plan and a delineation plan would be beneficial for the City to know what can be done with the concept plan. She stated the plan reviewed tonight can be workable and the EDA’s goals are to work with this property. She stated she is comfortable with considering this action tonight. Commissioner Gunn stated her agreement. Commissioner Flaherty asked how long is the delineation information good. Economic Development Coordinator Backman indicated three years. Barbara Haake, 3024 County Road I, stated she is a member of the RCWD, which spent $95,000 to look at the Greenfield Park area. To save money, she suggested City staff approach the RCWD to get their engineering information which was done in the last two years. She advised that the RCWD will also do this kind of work without a high charge. President Marty suggested staff contact the RCWD to see if they have reviewed that area. Economic Development Coordinator Backman advised a hydrology report was done by Peterson Environmental in 2000 but too much time has elapsed to use that information. Ms. Hart stated she and Mr. Sweitzer met with the RCWD and learned they did not have information on this property. MOTION/SECOND: Thomas/Gunn. To waive the reading and adopt Resolution 05-EDA-210 Mounds View EDA October 24, 2005 Regular Meeting Page 7 Authorizing the Laport Meadow Wetland Delineation Study. Commissioner Flaherty stated he is still against proceeding with this study just for the sake of having information. He indicated he would prefer doing it once there is a concrete plan that will move forward. Commissioner Gunn stated having this information will help the developer to come up with a plan that is beyond the concept stage. President Marty asked if there is a possibility that the RCWD could assist with this study for a lower cost. He noted that RCWD would want to review this area anyway and using them may cut out a step. Economic Development Coordinator Backman stated the RCWD usually has engineers that they work with and he believes this is a competitive price. He stated RCWD could provide information on the 100- and 500-year flood planes but this study will be to delineate the wetland on the site. President Marty asked if this cost would be built into the development cost so the City is reimbursed. Economic Development Coordinator Backman stated when working with Procraft Homes there was a predevelopment agreement. With this project, the City does not have a predevelopment agreement but that will occur and he believes it is a reasonable cost for which the EDA could be reimbursed. Ayes – 4 Nays – 1 (Flaherty) Motion carried. 8. REPORTS None. 9. NEXT EDA MEETING: Monday, November 14, 2005 at 6 p.m. (New Brighton City Hall). 10. ADJOURNMENT President Marty adjourned the meeting at 7:12 p.m. Respectfully submitted, Recorded and transcribed by: Carla Wirth Mounds View EDA October 24, 2005 Regular Meeting Page 8 TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting November 14, 2005 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:00 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Gunn, Commissioner Flaherty, and Commissioner Thomas. NOT PRESENT: None. 3. APPROVAL OF AGENDA MOTION/SECOND: Stigney/Flaherty. To Approve the November 14, 2005 Agenda as presented. Ayes –5 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES The following correction was requested: Page 4, Line 150, should read: “…to find another location for the compost site.” MOTION/SECOND: Flaherty/Gunn. To Approve the October 24, 2005 Minutes as revised. Ayes –5 Nays – 0 Motion carried. 6. CONSENT AGENDA None. Mounds View EDA November 14, 2005 Regular Meeting Page 2 7. EDA BUSINESS A. Continuation of a Joint Meeting Between the EDA and the Economic Development Commission (EDC) to address TIF Goals and TIF Funding Priorities Community Development Director Ericson explained this is a continuation of the meeting between the EDA and EDC which started in September at a work session where topics discussed included: TIF philosophy, goals, spending priorities, and level of increment to be received through the term of the TIF Districts. There was good discussion on various priorities and consensus reached that Highway 10 improvements remain a priority for the City. Director Ericson stated that other items need some substantial discussion. The EDC met and revised their priority list, which has been provided to the Council. Director Ericson recommended that discussion continue tonight so those goals can be finalized for adoption in January. Stacy Kvilvang, Ehlers & Associates, explained that they looked at the priorities previously discussed and broke them down into the categories of Capital Projects, Redevelopment, and Housing. They then determined possible funding sources. She explained that with Capital Projects and Housing Redevelopment Projects, it is good for the City to augment funding with grants. Ms. Kvilvang noted the four Capital Projects are the pedestrian trails along County Road 10, County Road 10 local match, road reconstruction (City-wide – 6 year plan) and future infrastructure/redevelopment needs. The Redevelopment priorities are the Skyline Motel, PAK Building, Premium Stop/Donut Connection, Moundsview Square, and County Road 10/Woodale. The Housing goals are the Housing Improvement Program, Laport Meadows, and Sherwood Housing Development for a total project cost of $18,619,923. Ms. Kvilvang noted the total of financing available equals $20,079,459 so the City is in good shape to consider these projects. Ms. Kvilvang noted their report included a brief description of the projects, issues related to the projects, and funding sources. She stated they would like direction from the EDA on whether these are the priorities, if the priorities are correctly listed, and to establish a timeline on each project. President Marty asked about funding sources. Ms. Kvilvang stated Shelly Eldridge will be addressing that issue and how it can be bonded in two different series. Shelly Eldridge, Ehlers & Associates, stated between the three Districts it appears there is approximately $1.5 million available annually from 2006 on until 2013 and then the Districts start to expire if they go full term. Looking at the most simplistic way, it will generate $15 Mounds View EDA November 14, 2005 Regular Meeting Page 3 million during the life of the Districts including pay-as-you -go and SYSCO. How the EDA chooses to spend it is up to them. These funds would pay approximately $11 million in bonds. She explained they looked at issuing them in a two-year period to provide capacity in the bonding if there are other debt needs. She recommended that the City stay under $10 million in bonding. President Marty asked if they will end up with $15 million. Ms. Eldridge stated that is correct if the District goes the full duration. President Marty asked if, after payments, it would equal $11 million. Ms. Eldridge stated that would be true if the EDA bonded; $11 million in capital and $5 million in interest for bonding. President Marty stated the Council has talked about doing road projects City-wide and asked if some of the TIF could be applied to road reconstruction. Ms. Eldridge stated they contacted the City’s TIF legal counsel who indicated that is an eligible TIF use because these districts were established in the mid-1980s. Since that time, TIF regulations have become much more restrictive. Vice President Stigney asked if that is true for any streets. Ms. Eldridge stated that is true of any streets within the larger redevelopment, which is coterminus with the City’s boundaries. Vice President Stigney asked about redoing the Districts to capitalize on fiscal disparities. Ms. Eldridge explained that now the districts are under A Election, which captures increment outside the boundaries and raises the tax rate. The City has the opportunity to change it to B Election, which reduces the tax increment for the life of the District by the fiscal disparities portion. That would give a cumulative value of $9 million and the City would be able to bond about $5.7 million. On the flip side, if that had been done by the end of this year, the City’s tax capacity rate for truth in taxation was 43.74 and would have been down to 40.748, all other things being equal. Vice President Stigney asked what it would cost to do that. Ms. Eldridge stated if it would only require a resolution, the cost would be minimal. However, she will have to check to determine if a public hearing process is needed. She explained that each District would have to be looked at individually. Commissioner Flaherty asked if it makes sense to do that at this time. Commissioner Thomas stated it may make sense to do that with District #1 but District #3 expires in two to three years. Vice President Stigney asked Ms. Eldridge to provide the Election information on District #1 to City Administrator Ulrich. Mounds View EDA November 14, 2005 Regular Meeting Page 4 Commissioner Thomas asked how changing to Election B impacts the tax rate within the district and tax disparity rates. Ms. Eldridge stated there is one obligation left in the District #1 and it only has a year or so left. She stated her bigger concern is with District #2. She advised that there is also an in-between consideration to share back with the County, School District, and City. Ms. Kvilvang stated the discussion before the EDA is the magnitude that can be captured versus going with the Election that would reduce the amount. She asked the EDA to first consider their priority projects. President Marty asked if the EDC members have recommendations. EDC Commissioner Torri Johnson stated they have discussed this list for about one year and take it seriously as the areas to focus on in the City. She stated based on the last discussion, County Road 10 is in the forefront. Other projects would be if a developer brings something to them or if there are safety issues. Commissioner Thomas noted County Road 10 is divided into two pieces. Ms. Kvilvang explained that typically with County Road projects, the City has a match of funding to dedicate to the project that are not County funds. Director Ericson noted that Page 2 of the report includes an engineer’s estimate regarding the County Road 10 project. He explained that they did their best work to identify the cost associated with that project and the total is estimated to be $9.1 million, which is less than the ballpark estimate. He advised that staff has already submitted grant and funding applications but that funding would not become available until 2007. TIF dollars are available that are not obligated and the City will face the real possibility of having to give them back if not used. Director Ericson noted the City has plans and priorities and it is a matter of moving forward with those projects. He stated he recognizes the benefit of looking at the Election A and B and fiscal disparities, but the priorities and funding needs must first be identified. Then consideration can be given of how to put those dollars back on the tax rolls. He stated it is important to look at the projects identified as priorities and provide feedback on what staff should move forward with. If not a priority for the EDA and Council, then it tells staff what is available. He noted that everything in the priority list can be funded with existing dollars available to the City. Commissioner Thomas asked if the local match is what should be considered on the priority list, or should the EDA be talking about a $10 million project and whether it is a City project, or someone else’s project. She stated that she believes it will be a long time if the City is going to wait for match dollars. Commissioner Thomas stated she thinks the City needs to talk about a $10 million project and whether the City should bond for it to make it happen. Mounds View EDA November 14, 2005 Regular Meeting Page 5 President Marty agreed that is a wise approach, noting it can take years to get matching funds and it is never guaranteed. He stated this project may not get done or it could be 10 or more years out if the City waits for matching funds. He stated County Road 10 has been talked about for years and with the exception of several signal changes, timing sequences, and a few trailways, that is all that has been done. He stated it is in the 2006 budget to move forward and that will have to be done to get the project going. President Marty referenced the staff report and commented on the listing of projects. He stated he does not see some of them as viable priorities but more like a “wish list” that the City would like to see happen. But, he does not see it as being realistic to invest City or TIF funds. Director Ericson explained that the EDC was looking at it from the perspective of what needs to be changed in the City, what areas are not presenting a positive image, and where the tax base can be increased and improved. He stated the Skyline Motel is a prime example of a property where taxes are not increasing, it is underutilized, and has caused problems in the past. He stated that will probably not change but for City involvement. Director Ericson stated all of the potential development projects presuppose there is a willing seller. He noted PAK is looking to redevelop but there is a funding gap so they are looking at the City for funding participation. He agreed that with the Donut Connection property, a restaurant is interested in the site so it is now a lost opportunity for the City. Previously it was for sale under the County assessed valuation but the City did not purchase it. Director Ericson stated the gas station is now for sale and suggested as part of Project #3 (Premium Stop/Donut Connection/Sitdown Restaurant) it would make good sense to acquire with TIF for a potential redevelopment. He advised that the gas station site was marketed as redevelopment but the only calls being received are from potential buyers who want to maintain it as an independent gas station. He stated he is not asking for authorization tonight but may in the future request the EDA look at possible acquisition. Director Ericson stated that Moundsview Square is a project where Paster would be looking for some assistance, as they did with the Hardee’s building. However in that case, they did not get all of their information to the City in a timely manner so they decided to go forward without City assistance. But, to redevelop the Moundsview Square property, they would be looking at the City for assistance and but for that assistance, it may not move forward. Director Ericson stated this may be a “wish list” but it impacts the aesthetics of Mounds View. He stated the City wants to reinvigorate the County Road 10 corridor and improve the tax base by investing in some of the properties to achieve that goal. Commissioner Thomas stated President Marty has indicated the infrastructure redevelopment is his first priority and redevelopment of the businesses would come second to that. She stated it Mounds View EDA November 14, 2005 Regular Meeting Page 6 comes down to the primary purchase of the property should be a developer, not the City. However, the City is the primary entity to install the infrastructure. She stated the hindrance on those properties may have been because of the City’s lack of infrastructure. So, during the next two years as other investments are made, it may encourage development to take place that does not require City involvement. Commissioner Thomas stated the Premium Stop is a serious concern for her but it is an independent property so the City has to wait for them to decide what they want to do. She stated that issue along with the heart-of-the City issue puts the Skyline Motel acquisition farther down on the list for her, even knowing about the public safety concerns. Commissioner Flaherty stated he concurs and appreciates the EDC bringing these priorities before the EDA. He stated he is in favor of controlling what the City can control. When dealing with the County Road 10 corridor, it involves contractors and the County and is somewhat out of the City’s control. However, City-wide road construction can be controlled by the City and there are no restrictions standing in the City’s way. He stated that ties into the County Road 10 corridor and is a very large “piece of pie.” He stated his support to move on the development of the City’s roads. President Marty stated Director Ericson mentioned that excess TIF funds will have to be returned if a project is not started before 2007 but he saw nothing about the trailway project on Silver Lake Road, which will take $350,000 and up, depending on the wetland areas. He stated he is still working with the County Commissioners in the City’s attempt to get a stop light at Silver Lake Road and County Road H. President Marty asked why that was not reflected in the list. Director Ericson stated that can be added and the funding priorities re-tabulated. He noted there are several other projects that could be added as well. President Marty stated it could be used for street reconstruction but Ehlers & Associates had it pegged out only six years. At the last meeting this issue was discussed, Public Works Director Lee said the street reconstruction was about an 18-year project to get all the streets done. He explained that his concern is that people within the next six years will get a $9 million break and then after that residents will be assessed. He asked if the $9 million can be stretched out so every resident gets a “piece of the pie.” City Administrator Ulrich stated the likely scenario would be to leave the assessment to residents the same but the 75% the City covers would not be taxed throughout the City. He agreed it would be nice to find a way to ease that in since it is a long term project. Commissioner Gunn stated she agrees that the City’s roads are the number one priority. However, she does not want to lose sight of the County Road 10 project. She stated the trails Mounds View EDA November 14, 2005 Regular Meeting Page 7 along the highway are also a number one priority because there are more pedestrians and bicyclers along County Road 10 than previously. She stated this is becoming a serious safety issue and needs to be a focus when the County Road 10 project starts. On the Premium Stop property, she supports having staff look into buying it because it is a main property along the corridor and impacts the image of the City. She noted that one of the considerations in buying a property is whether it is a safety issue and this property has a serious safety issue. She noted the canopy is now sitting next to a property where someone is starting a new business. Commissioner Gunn pointed out that if the City has control of the property, it can control who it is sold to but if it is independently owned, it will continue to be a gas station. Vice President Stigney stated he agrees with the importance of County Road 10 but disagrees with the City buying land for future development because it has limited funds and priorities have been set. He stated he differs with buying the gas station property and thinks the City should assist developers to do the project but not necessarily buying the property. He stated he agrees with the other statements made by the Commissioners. President Marty stated the EDA has reaffirmed the priorities as follows: 1. Pedestrian Trails along County Road 10 (safety and beautification issue that may help attract business to the corridor) 2. Road Reconstruction / Future Infrastructure Redevelopment Needs 3. County Road 10 President Marty stated the City needs to move forward with County Road 10 but the City’s roads have needed to be reconstructed for many years. He added that he wants to keep in the housing program in case dilapidated housing can be brought up to Code. President Marty stated if there is a way to assist some of the businesses along County Road 10 with TIF for upgrades or to help redevelop, he would support it. He noted the Community Development Department has already brought several viable businesses in to the community. EDC Commissioner Belting stated staff put together a great list and it was intended to outline some priorities for the Council to consider down the line. He agreed that trails and safety are huge issues and encouraged the City to use the TIF dollars to get trails started instead of having to return funds. EDC Commissioner Johnson stressed that they were also talking about “willing sellers” and she wanted to make that clear. EDC Commissioner Belting concurred that was the intent. President Marty stated he is not a proponent of eminent domain unless it is a life or death type of situation. He stated that is the prevailing view of the EDA as well. Mounds View EDA November 14, 2005 Regular Meeting Page 8 Commissioner Thomas stressed that the EDA is not just talking about purchase and if there is something the developer needs assistance with to make it work, they should talk to the EDA. Ms. Kvilvang stated the message is clear that County Road 10 is the priority for redevelopment. She suggested the EDA think about setting their vision beyond the infrastructure so if an opportunity comes forward with a property like the Donut Connection or Moundsview Square that is owned by Krause Anderson, they can take advantage. She noted the EDA has now identified three major projects. B. Resolution 05-EDA-210 Authorizing the Demolition of 7861 Groveland Road Community Development Director Ericson stated this is a request for authorization from the EDA to accept a bid to demolish the house at 7861 Groveland Road that the City acquired in 2000, tried to rent out but that didn’t work. The building has now been vacant for several years, there has been vandalism, so it has become a liability. Director Ericson advised that there are good neighbors who let the City know if there is a problem but staff recommends the City explore demolition. He noted three bids were received but came in somewhat high. If approved, the site would be restored to a natural level condition with the basement filled in and the ground sodded or seeded. Staff recommends approval. Vice President Stigney stated the report indicates that efforts were made to sell the house and move it. He asked if the house was advertised for free. Director Ericson stated they have and also contacted moving companies but he does not recall if it was advertised in the last year. He explained the problem with trying to move it anywhere into the metro area is that the building has to come up to current codes, which the building is not able to meet. So, it would have to be moved beyond the metropolitan area. In addition, it may not survive the move and the valuation is not high enough. Vice President Stigney asked about the new furnace. Director Ericson stated that anything of value can be salvaged. He stated some money may have been put into this house to rent it out, but a new furnace was not purchased. In addition, the appliances have been removed from the building. Vice President Stigney asked that the furnace be removed if it is new. Commissioner Thomas asked about the asbestos issue. Director Ericson stated the old linoleum floor tile may have asbestos but they do not expect it to be significant. Commissioner Flaherty agreed the demolition price seems to be high, noting the demolition of two other structures were in the area of $8,000. He asked why there is such a disparity in the demolition bids for this home that contains about the same square footage. He also asked when was the last time the house was rented. Mounds View EDA November 14, 2005 Regular Meeting Page 9 Director Ericson stated it was in 2002 and after that there were some negative experiences with renting out properties and the City realized they did not want to manage rental property. He noted that the City is not set up to be rental property managers. There were problems with the tenants not paying rent and doing damage. The City took the matter into court and received settlements that will never be collected. After that the building was boarded up because it was not worth renting out. President Marty noted this bid is to demolish a house and the other two structures that were demolished were prefab structures. Commissioner Flaherty asked why the tenants were not evicted if they were not good tenants. Director Ericson stated the City did evict them but it took a while. Commissioner Thomas stated the range for demolition does not appear high to her when you consider what is involved with home inspections. She stated that ten years ago when she was in this field, the demolition would be in the range of $12,000 so she is comfortable with the range of $16,000. Commissioner Gunn noted it also includes two out structures. President Marty asked how this fits into the City’s redevelopment plans, noting it is by the PAK building. Director Ericson explained that it is zoned commercial and in a redevelopment area so it was purchased in the context of future redevelopment. The City determined to rent it out until there was potential for redevelopment. However, currently it is costing the City money and creating a liability. President Marty asked about using it for Fire Department training. Director Ericson stated that was researched and determined to not be feasible. Vice President Stigney asked about getting a written asbestos estimate. Director Ericson stated it would require having an asbestos abatement specialist view the property but staff who has this type of training does not believe it will be a big project because with asbestos floor tile, hazmat suits are not required, just proper disposal. MOTION/SECOND: Gunn/Thomas. To Adopt EDA Resolution 05-EDA-210, Approving and Authorizing the Expenditure of Tax Increment Funds for the Demolition of 7861 Groveland Road for the Purpose of Future Redevelopment, in an amount not to exceed $16,580 plus asbestos abatement costs, and an additional ten percent contingency buffer to cover any unforeseen or unanticipated expenses. Commissioner Flaherty stated he does not know what the City paid for this property and the vote is now to spend another $16,000 to demolish it. He stated that the land proceeds will probably Mounds View EDA November 14, 2005 Regular Meeting Page 10 not equal what has been spent on this property, which is why the City should not be in the land business. Director Ericson stated there always was the intent to demolish the buildings and that fixed cost was always there with the understanding this would be a redevelopment. He noted it can probably be sold for $100,000 so the City may not come out ahead financially but it will remove a blighted condition and bring in a new structure and better tax base. He explained that sometimes it takes years to realize the benefit. Ayes –5 Nays – 0 Motion carried. 8. REPORTS None. 9. NEXT EDA MEETING: Monday, November 28, 2005 @ 6:30 p.m. 10. ADJOURNMENT President Marty adjourned the meeting at 7:25 p.m. Respectfully submitted, Recorded and transcribed by: Carla Wirth TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting November 28, 2005 New Brighton City Hall 803 Old Highway 8, New Brighton, MN 55112 6:53 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Gunn, and Commissioner Flaherty. NOT PRESENT: Commissioner Thomas. 3. APPROVAL OF AGENDA City Administrator Ulrich added Agenda Item 8A, An Update Regarding the DEED Funding Agreement for the County Road J Improvement Project. MOTION/SECOND: Gunn/Flaherty. To Approve the November 28, 2005 Agenda as revised. Ayes – 4 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES MOTION/SECOND: Flaherty/Marty. To Approve the November 14, 2005 Minutes as corrected. Ayes – 4 Nays – 0 Motion carried. 6. CONSENT AGENDA None. 7. EDA BUSINESS A. Discuss Possibility of Expanding Medtronic Project to Include Phase Two Mounds View EDA November 28, 2005 Regular Meeting Page 2 Community Development Director Ericson explained that staff wants to present information for the EDA’s consideration as a discussion item. He advised that Medtronic may want to accelerate Phase 2 and construct it concurrently with the Phase 1 development. He reviewed that one of the concerns raised through the Medtronic process is that the City may never see Phase 2. However, the growth of Medtronic is such that they are looking at options to provide additional office space and the possibility of doing Phases 1 and 2 together to save some costs. Staff would like to talk about that option and ask if the EDA would like staff to “open that door” and talk with Medtronic about possibly accelerating their phasing. Director Ericson advised that today staff received a letter from Medtronic confirming they are looking at accelerating their project and asking the City if it would be interested in negotiating for Phase 2 now and amending the development agreement to do Phases 1 and 2 at the same time. Director Ericson stated staff is requesting no action to be taken other than to provide direction to staff if it would like staff to meet with Medtronic. He noted the benefits are obvious in bringing in 380,000 square feet of office space that may have been out another 7 to 8 years. It would also result in 4,400 employees rather than 3,000 employees. Commissioner Gunn stated her support for staff to discuss this option with Medtronic. Vice President Stigney questioned the form of greater revenues to the City. Director Ericson explained that the City gets a percentage of TIF dollars generated and a share of the increment for administrative fees. In addition to TIF, there would be a greater market value assigned to the project. If Phase 1 is $65 million for the first two buildings, then Phase 2 would be about $96 million dollars. Director Ericson noted the impact to the City’s levies, school board levies, and that Medtronic would take a larger percentage of bonds that are market based so taxes to residents and others would be decreased by a consistent amount above and beyond a $65 million project. Director Ericson noted this would also bring the market value back on line to property taxes that much sooner rather than waiting 8-9 years for Phase 2. Vice President Stigney asked about the impact to the current $11.8 million cap. Director Ericson explained it is actually a $14.8 million cap and that is completely negotiable. He stated staff is looking at eligible costs for a Phase 2 expansion such as the additional two stories on the Phase 1 ramp. Director Ericson explained there may not be a lot of eligible expenses for Phase 2, which makes it more appealing to get on line sooner. Vice President Stigney asked about the interest being paid and whether it would go back to them or be waved on this Phase. Director Ericson stated staff will explore that avenue. Commissioner Flaherty stated his support to open dialogue, which poses no risk. He pointed out Phase 2 is inevitable, but this is sooner than anticipated. Mounds View EDA November 28, 2005 Regular Meeting Page 3 President Marty stated he likes the fact that it will assure Phase 2 is in Mounds View. He noted that the administrative fee from TIF for Phase 1 ranges from $41,000 to $46,000 so this could add $20,000 to $30,000 a year. President Marty stated he is concerned that with this much construction, the City’s one full time building inspector may need some help. Director Ericson noted that hiring an additional inspector may provide enough assistance so staff can focus on the Medtronic project. But, if more help is needed, staff can look at that. He explained that Medtronic plans to submit building permits in phases and built sequentially rather than dropping off 1,000 pages of plans at one time. Medtronic will time submissions so it is spread out and staff can review the plans and get to inspections. If additional staff is needed, the permit revenue would support that cost. President Marty stated the Phase 1 TIF period was extended from 8 years, by State Statute, to 25 years. He asked if Phase 2 is submitted, could it be renegotiated to get closer to the State Statutes. Director Ericson explained he is not at a point to talk about negotiated issues but this could be wrapped into the current project and if the EDA wants to consider accelerating payoff, staff could look at less of an administrative fee of the TIF generated and roll the funds back into the payoff so it is paid sooner. He noted the costs are greater to do two standalone TIF districts so maybe Phase 2 could be wrapped into the Phase 1 TIF district that is already authorized. President Marty stated the EDA supports directing staff to move forward with discussion. City Administrator Ulrich stated staff would like Ehlers to run the numbers, which will incur costs that would be reimbursed by Medtronic. President Marty stated his agreement with using Ehlers since they are the most knowledgeable with this project. 8. REPORTS A. An Update Regarding the DEED Funding Agreement for the County Road J Improvement Project City Administrator Ulrich reviewed that the EDA has previously granted staff approval to execute agreements for the $5 million grant received from the State for construction of County Road J. At this time an issue has come up that has not yet been resolved and staff wants to bring that issue to the attention of the EDA. Mounds View EDA November 28, 2005 Regular Meeting Page 4 City Administrator Ulrich explained that with the right-of-way purchase there is a grant provision that it must be made by the City, which staff thinks is ridiculous because the land is in Anoka County, Ramsey County, Blaine, Shoreview, and Mounds View. Staff’s concern is to not be put into a situation where Mounds View is actually purchasing right-of-way in other cities and counties. Staff is trying to resolve this issue but it may require action by the EDA. City Administrator Ulrich advised that staff and the City Attorney are working through the Governor’s office to resolve that issue but it is withholding the County from making the right-of- way purchases in a timely manner. City Attorney Riggs stated staff has been in discussions with DEED and the Governor’s office about how this can proceed. DEED has been in consultation with the Attorney General’s office that the City needs to be the acquiring agency. Staff is trying to work around that issue and there may be some options that would require modifications to the agreement. If not, staff will return for EDA consideration on this issue. He noted there is $5 million available and is a matter of how to best facilitate that for the five jurisdictions involved. President Marty suggested that DEED could funnel or transfer the money to the affected cities. He noted that when Mounds View sold the property, the City got the money and then transferred it to Mn/DOT. He stated he has talked with the Mayor and a Councilmember of Blaine and all along they have been in total support because of the improvements to County Road J and I-35W. President Marty stated his preference if the City could transfer the money to Blaine so they could acquire the property within Blaine. City Attorney Riggs explained there are three “pots” of money in play and dollars from DEED, some designated to the County, some to the City, and some to Mn/DOT for right-of-way purchase. He agreed that many agencies are involved and explained that typically the County would be the acquiring agency but two counties involved in this situation. City Attorney Riggs stated staff hopes to work it out so the dollars can be utilized immediately. President Marty stated in reading reports on the AUAR from Anoka County, they were also in support. City Attorney Riggs stated that is correct and the issue is finding the correct legal mechanism based on the language in the two statutes that were adopted during the last session. City Administrator Ulrich explained that may necessitate the EDA holding a special meeting so bids can be done by December 1st. However, it is not likely that will occur if significant modifications are needed. City Attorney Riggs advised that the County wanted to make offers to the property owners by the first of December and notices of condemnation may also be needed. However, if the City is the acquiring agency it would be difficult because the City has not done anything in that regard. Mounds View EDA November 28, 2005 Regular Meeting Page 5 President Marty noted a public hearing is already scheduled for December 5, 2005. City Administrator Ulrich stated the EDA could schedule a special meeting on December 6, 2005. 9. NEXT EDA MEETING: Monday, December 12, 2005 at 6:30 p.m. 10. ADJOURNMENT President Marty adjourned the meeting at 7:15 p.m. Respectfully submitted, Recorded and transcribed by: Carla Wirth TimeSaver Off Site Secretarial, Inc. PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 December 12, 2005 6 New Brighton City Hall 7 803 Old Highway 8, New Brighton, MN 55112 8 6:55 P.M. 9 10 11 1. CALL MEETING TO ORDER 12 13 2. ROLL CALL: President Marty, Vice-President Stigney, Commissioner Gunn, 14 Commissioner Flaherty, and Commissioner Thomas. 15 16 NOT PRESENT: None. 17 18 3. APPROVAL OF AGENDA 19 20 MOTION/SECOND: Gunn/Flaherty. To Approve the December 12, 2005 Agenda as presented. 21 22 Ayes –5 Nays – 0 Motion carried. 23 24 4. PUBLIC INPUT 25 26 There was none. 27 28 5. APPROVAL OF MINUTES 29 30 A. July 25, 2005, EDA Minutes 31 32 MOTION/SECOND: Flaherty/Thomas. To Approve the July 25, 2005 Minutes as presented. 33 34 Ayes –5 Nays – 0 Motion carried. 35 36 B. September 12, 2005, EDA Minutes 37 38 MOTION/SECOND: Thomas/Stigney. To Approve the September 12, 2005 Minutes as 39 corrected. 40 41 Ayes –5 Nays – 0 Motion carried. 42 43 44 Mounds View EDA December 12, 2005 Regular Meeting Page 2 C. November 28, 2005, EDA Minutes 45 46 MOTION/SECOND: Marty/Gunn. To Approve the November 28, 2005 Minutes as presented. 47 48 Ayes –5 Nays – 0 Motion carried. 49 50 6. CONSENT AGENDA 51 52 A. The EDA Meeting scheduled for Tuesday, December 27, 2005 is canceled. 53 54 MOTION/SECOND: Gunn/Flaherty. To Approve the Consent Agenda, as presented. 55 56 Ayes –5 Nays – 0 Motion carried. 57 58 7. EDA BUSINESS 59 60 A. Review Medtronic CRM Development Project Acceleration; Request City 61 Council Establish a Public Hearing to Consider a Proposed Modification to 62 TIF District 5 63 64 Community Development Director Ericson reviewed that at the meeting of November 28, 2005, 65 staff brought forward information that Medtronic was considering options of constructing 66 additional space in the metro area and are considering construction of Phase 2 concurrent with 67 the construction of Phase 1 in Mounds View. At that meeting, the EDA directed staff to review 68 that option so staff worked with Ehlers & Associates to conduct an analysis regarding the 69 financial ramifications of a combined Phase 1 and Phase 2 project. 70 71 Director Ericson explained that Phase 2 is for 380,000 square feet and two additional levels to 72 the parking ramp. It would result in an additional $30 million in property values and the phases 73 together it would be $96 million of project value. TIF generated based on a $96 million project 74 is $22 million. Director Ericson stated the City authorized an agreement with Medtronic for 75 Phase 1 for $14.8 million so the difference with including Phase 2 is $7.2 million. 76 77 Director Ericson noted that Medtronic has $25 million in reimbursable or qualified costs for 78 Phase 1 and would be reimbursed only $14.8 million dollars. To determine the impact to 79 combine Phases 1 and 2, staff set aside Phase 1 and then looked at Phase 2 to see what it would 80 bring in for additional increment. Staff determined Phase 2 would provide $7.2 million in 81 additional increment and the only qualified costs to Phase 2 construction are the two levels of the 82 parking ramp, costing about $8 million dollars. 83 84 Director Ericson explained that in return for this consideration, Medtronic would assist in City 85 expenses for the project. Medtronic would pay for the cost to extend the utilities on their 86 Mounds View EDA December 12, 2005 Regular Meeting Page 3 property as well as the $400,000 cost to bring the utilities up to their property. In addition, 87 Medtronic would agree to cover City costs for relocating the billboards. Originally the City was 88 going to pay $550,000 and Medtronic had agreed to cover part of that but would now agree to 89 cover all of that cost. Finally, and perhaps more importantly, Clear Channel has to relocate four 90 billboards from the Medtronic site. The City is potentially on the hook for two billboards if they 91 cannot find a home for them, or a cost of $1.6 million to Clear Channel. Medtronic would pick 92 up the cost for the other two billboards, or $1.65 million. That anticipates one of the billboard 93 would go to the SYSCO outlot area. Director Ericson stated that Medtronic knows they could be 94 on the hook to pay for relocation of all four billboard at a cost that could equal $2.7 million. In 95 addition, Medtronic will pay for the costs for staff to prepare that amendment to allow them to 96 bring in Phase 2, which could equal $150,000. 97 98 Director Ericson reported that with bundling Phases 1 and 2, staff has found there would be no 99 cost or risk to the City and no additional tax dollars spent on this project or revenues from the 100 City being spent that would not be reimbursed. The tax dollars would reimburse Medtronic for 101 the $7.2 million in qualified costs. He noted a summary of the terms are included in the staff 102 report, identified as the draft, and includes 16 points. He explained that staff is not asking for 103 EDA consent or agreement but to set a public hearing and allow for the process to move forward. 104 105 Director Ericson advised that staff received confirmation from Ehlers that Medtronic would be 106 acceptable to paying out for these costs that the City of Mounds View is currently on the hook 107 for. The benefit for combining Phases 1 and 2 is that both would be paid off at the same time 108 and back on the tax rolls at the same point in time. Also, rather than $65 million in today’s 109 dollars it would be $96 million in today’s dollars. 110 111 Director Ericson stated staff and financial advisors recommend the EDA establish a public 112 hearing for February 13, 2005 so staff can send out notices and talk to the school district. Staff 113 recommends moving forward with negotiations since it seems like a good project for the City 114 without any additional expenditure, and assures Mounds View will get Phase 2 construction. 115 116 President Marty noted staff has indicated there would be a benefit of $2.75 million but the report 117 states $2.57 million. Director Ericson explained that when preparing the staff report he forgot to 118 add in reimbursable TIF administration expenses and did not correctly add up the billboard 119 buyout. He stated the figure is closer to $2.75 million. 120 121 Commissioner Thomas asked if this is going through the standard TIF hearing process and 122 regulations. Director Ericson stated that is correct and noted that this is not a new TIF district, 123 simply a modification to the original agreement and holding the necessary public hearings to do 124 so. All information will be presented publicly and will go through the proper channels with the 125 School District and County. 126 127 Commissioner Flaherty stated he thinks this option looks good. 128 Mounds View EDA December 12, 2005 Regular Meeting Page 4 129 President Marty noted that Phase 1 would be $65 million as built out and adding Phase 2 130 increases it to $96 million, or a $31 million addition. He stated that it seems it should be one-131 third of what Phase 1 was. President Marty reviewed the calculations for Phase 1 and Phase 2 132 and stated it really seems to be a “wash” because the City would be providing a benefit of $2.5 133 million. 134 135 President Marty stated he is very concerned about running sewer and water under the freeway, 136 noting the engineer projected the cost to be $800,000. Medtronic had agreed to pay $400,000 and 137 the City would pay $400,000. He explained he is concerned because he has seen engineering 138 estimates go “north and south.” However, if Medtronic picks up the entire cost then it would 139 relieve his concern about the accuracy of the estimate. 140 141 President Marty stated Medtronic has possession of the property and if Mounds View can get 142 Phase 2 built on Mounds View soil, it will generate a $96 million complex. He asked Ms. 143 Kvilvang about the numbers with increasing TIF to want Medtronic wants. He noted the early 144 projection that this was supposed to pay off early and asked if another $31 million building 145 project will pay off early. 146 147 Stacie Kvilvang, Ehlers and Associates, stated they looked at that issue. The original projection 148 was based on $80 per square foot as set by the Assessor. She explained that they believe the 149 building will be valued at higher than $80 per square foot so it will pay off faster. 150 151 In response to President Marty, Ms. Kvilvang advised that with this large size of project, another 152 $1 million is about half a year of savings. 153 154 Director Ericson pointed out there are $8 million in qualified costs and the City would offer $7.2 155 million in TIF assistance. When Ehlers ran the numbers based on a $96 million project and 156 factoring out the City’s 5% administration fees, then $7.2 million is available. He explained that 157 you then factor out what Medtronic will cover in costs. The value is actually 50% more than 158 with Phase 1 so the $14.8 million half is about $7.2 million. Also, the City will increase 159 franchise fees by 50% for that project, resulting in an increase in the administrative TIF fees back 160 to the City by 50%. Director Ericson explained that the benefit would be beyond $2.75 million 161 in tangible benefits by moving forward with this request. 162 163 President Marty stated that makes him feel more comfortable. 164 165 Commissioner Thomas stated her support to have staff further explore this option. 166 167 President Marty asked when the draft of 16 points was available. Director Ericson stated it was 168 not available to include in the meeting packet but each summary point was taken from the staff 169 report. 170 Mounds View EDA December 12, 2005 Regular Meeting Page 5 171 Duane McCarty, 8060 Long Lake Road, stated he hopes there will be an informational meeting in 172 advance of the public hearing as was done last summer. He stated the offer from Medtronic to 173 take over all public utility cost is generous but the City’s portion is covered through the Phase 1 174 TIF District and pools of other Districts so that does not really “save” any money over the 175 original plan. 176 177 Mr. McCarty stated he doubts staff has the answers tonight but he would like to know how much 178 this will add to TIF captured market value/tax capacities. He would also like to know how much 179 will be added to District 5 if it comes in as a subdistrict. Mr. McCarty asked how much it will 180 impact in terms of percentage the total market value/tax increments as opposed to market value. 181 As far as the offer goes for Phase 2, he stated he cannot make a decision. However at first blush 182 he is not impressed and it may or may not be worthwhile. He asked if Medtronic would also 183 provide the numbers to the City if Phase 2 was not allowed a TIF package, and if that can be 184 done considering the original plan included three phases. 185 186 Mr. McCarty stated he knows what it would add if Phase 2 is non-TIF, it would add $41,000 to 187 the kitty which will bring tax collections from $33,000 to $84,000 a year. 188 189 In response to President Marty, Mr. McCarty stated he is talking about evaluation, not the size of 190 the project. 191 192 Director Ericson stated the City can notice and hold additional sessions advertised as a public 193 meeting or disclosure of the project and everything it entails. 194 195 President Marty asked Ehlers to run those numbers and stated his support to hold an 196 informational meeting in January. 197 198 MOTION/SECOND: Thomas/Gunn. To Approve Resolution 05-EDA-211, Requesting the City 199 Council of the City of Mounds View Call for a Public Hearing on the Proposed Adoption of a 200 Modification to the Project Plan for the Mounds View Economic Development Project and the 201 Proposed Modification to the Tax Increment Financing Plan for Tax Increment Financing District 202 No. 5. 203 204 Ayes –5 Nays – 0 Motion carried. 205 206 8. REPORTS 207 208 None. 209 210 9. NEXT EDA MEETING: Monday, January 9, 2006 at 6:30 p.m. 211 212 Mounds View EDA December 12, 2005 Regular Meeting Page 6 10. ADJOURNMENT 213 214 President Marty adjourned the meeting at 7:25 p.m. 215 216 Respectfully submitted, 217 218 219 Recorded and transcribed by: 220 221 Carla Wirth 222 TimeSaver Off Site Secretarial, Inc. 223 224