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HomeMy WebLinkAbout03-15-2002 ECONOMIC DEVELOPMENT COMMISSION AGENDA March 15, 2002 7:30 A.M. MOUNDS VIEW CITY HALL - CITY COUNCIL CHAMBERS 1. CALL TO ORDER A.M. 2. ROLL CALL (Present = P, Absent = A) Belting Fox Field Helgemoe Johnson Open McDonald Backman (Staff) Ericson (Staff) 3. APPROVE EDC MINUTES February 1, 2002 Motion: Second: Vote: • 4. SPECIAL BUSINESS No Special Business Scheduled 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Report of Commissioners -No Materials Attached B. Report of EDA Liaison -No Materials Attached C. Chamber of Commerce Update -No Materials Attached D. Report of Staff 1. Developer Payments for TIF Projects 2. I-35W Corridor Coalition Committee Activities 3. Mermaid Hotel & Banquet Center Project Update 4. Highway 10 Revitalization Plan Update 6. EDC BUSINESS A. Review of EDC Bylaws 1111 B. Meetings with M.V. Businesses. C. Business Prospects N:\DATA\GROUPS\ECONDEVTDC\Agendas\Agenda02\3-15-02.doc D. TIF Cash Flow Analysis/TIF Fund Transfer E. Ehlers Public Finance Seminar Info 7. ADJOURN at A.M. Next Regularly Scheduled Meeting: April 19, 2002 • N:\DATA\GROUPS\ECONDEV\EDC\Agendas\Agenda02\3-15-02.doc • THE ECONOMIC DEVELOPMENT COMMISSION (EDC) MEETING IS SCHEDULED FOR WEDNESDAY, MARCH 27, 2002 • AT 7 : 30 A.M . (RESCHEDULED FROM MARCH 15, 2002) ECONOMIC DEVELOPMENT COMMISSION AGENDA March 27, 2002 7:30 A.M. MOUNDS VIEW CITY HALL - CITY COUNCIL CHAMBERS 1. CALL TO ORDER A.M. 2. ROLL CALL (Present = P, Absent = A) Belting Fox Field Helgemoe Johnson Open McDonald . Backman (Staff) Ericson (Staff) 3. APPROVE EDC MINUTES February 1, 2002 Motion: Second: Vote: 4. SPECIAL BUSINESS No Special Business Scheduled 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Report of Commissioners -No Materials Attached B. Report of EDA Liaison -No Materials Attached C. Chamber of Commerce Update -No Materials Attached D. Report of Staff 1. Developer Payments for TIF Projects 2. I-35W Corridor Coalition Committee Activities 3. Mermaid Hotel & Banquet Center Project Update 4. Highway 10 Revitalization Plan Update 6. EDC BUSINESS A. Review of EDC Bylaws 411 B. Meetings with M.V. Businesses. C. Business Prospects N:\DATA\GROUPSTCONDEVTDC\Agendas\Agenda02\3-27-02.doc D. TIF Cash Flow Analysis/TIF Fund Transfer E. Ehlers Public Finance Seminar Info • 7. ADJOURN at A.M. Next Regularly Scheduled Meeting: April 19, 2002 S • N:\DATA\GROUPS\ECONDEV\EDC\Agendas\Agenda02\3-27-02.doc ECONOMIC DEVELOPMENT COMMISSION AGENDA March 27, 2002 7:30 A.M. MOUNDS VIEW CITY HALL - CITY COUNCIL CHAMBERS 1. CALL TO ORDER A.M.'r 71 �U,,. /,, � joy 2. ROLL CALL (Present = P, Absent = A) 70 V Belting ' Fox 4"""i` Field Helger...._ Johnson Open McDonald tv Backman (Staff) Ericson (Staff) 3. APPROVE EDC MINUTES February 1, 2002 Motion: F Second: --) "-- Vote: LI ' 6 • 4. SPECIAL BUSINESS No Special Business Scheduled 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON E-414ViVor A. Report of Commissioners -No Materials Attached 4 B. Report of EDA Liaison -No Materials Attached F - C. Chamber of Commerce Update -No Materials Attached �4 C D. Report of Staff 11 1. Developer Payments for TIF Projects 2. I-35W Corridor Coalition Committee Activities -* AL , cc. 3. Mermaid Hotel & Banquet Center Project Update � 4. Highway 10 Revitalization Plan Update C'yp1 2/1-A y�4� Qom' ,g�,�P y d,t" 1 6. EDC BUSINESS //"" A. Review of EDC Bylaws ,4`1 B. Meetings with M.V. Businesses. C. Business Prospects N:\DATA\GROUPS\ECONDEV\EDC\Agendas\Agenda02\3-27-02.doc • D. TIF Cash Flow Analysis/TIF Fund Transfer E. Ehlers Public Finance Seminar Info 7. ADJOURN at c: A.M. Next Regularly Scheduled Meeting: April 19, 2002 N:\DATA\GROUPSVECONDEVTDC\Agendas\Agenda020-27-02.doc �pprr zwced Minutes of the Economic Development Commission • City of Mounds View Ramsey County, Minnesota Regular Meeting February 1, 2002 City of Mounds View, Council Chambers 2401 Highway 10, Mounds View, MN 55112 1. CALL TO ORDER: The meeting was called to order at 7:35 a.m. by Chairperson Tom Field. 2. INTRODUCTION & SWEARING IN OF NEW COMMISSION MEMBERS: Staff member Backman proceeded with the swearing in of David Fox and Jason Helgemoe. 3. ROLL CALL: Members Present: Dr. Greg Belting, Tom Field, Torri Johnson, Stan McDonald, Dave Fox, and Jason Helgemoe Member Absent: None • Staff Present: Economic Development Coordinator Aaron Backman Community Development Director Jim Ericson 4. APPROVAL OF EDC MINUTES: Motion/Second: Dr. Belting moved and Johnson seconded the approval of the November 30, 2001 EDC minutes. Motion Carried: 6 Ayes 0 Nays 5. SPECIAL BUSINESS A. Election of 2002 Chairperson and Vice Chairperson. Commissioner Field made a motion to nominate Dr. Belting as the Chairperson for 2002. Seconded by Commissioner McDonald. Motion carried: 6 Ayes 0 Nays Chairperson Belting made a motion to nominate Torri Johnson as the Vice Chairperson for 2002. Seconded by Commissioner McDonald. Motion carried: 6 Ayes 0 Nays 6. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Commissioner Reports: . Backman became the City's new Economic Development Coordinator in December. He expressed his appreciation for the welcome he has received from City staff and looks forward to working with the Commissioners to promote business development. EDC Minutes February 1, 2002 Page 2 Ap p r©vc d • B. Report of EDA Liaison: The Mounds View City Council has agreed that Mayor Rich Sonterre will be the EDA Liaison during 2002. He was not available for today's meeting. C. NB-MV Chamber of Commerce Update: Chairperson Belting indicated that the New Brighton-Mounds View Chamber has hired a new President, Jim Witkowski, who started last month. His goal is to increase membership and reinvigorate the Chamber,which has been without a President for much of 2001. Cindy Carlson is the new Chairperson for the Chamber Board of Directors. D. Report of Staff: 1. Mermaid Project Update: Backman relayed that the $9.0+ million Banquet and Hotel expansion at the Mermaid is about 70% completed. This is a big deal for the community in terms of tourism and other services that will benefit. He added that the City's role includes • approving $815,000 in revenue bonds last fall. 2. Highway 10 Revitalization Plan Update: Ericson indicated that the City of Mounds View was moving forward with the development of a Master Plan. Greg Lee, Public Works Director and Ericson met with URS/BRW,the Minneapolis consulting company,this week regarding changes to the plan. The idea is to present a plan that improves safety, provides street realignments,signs,crosswalks and trails. An open house is slated for the middle of March. 3. Sale of 2091 Hillview Road Property: Ericson highlighted that this four-plex is located in the northeast portion of the city. Closing on the sale is slated for late February. The main priority was for the EDA to sell the building to a housing group that was experienced in purchasing property, renovating and operating housing stock. The EDA purchased the property for $80,000 and is selling it for $100,100. The acquiring group selected is investing over $235,000 into the property for purchase and renovation. 4. I-35W Corridor Coalition: Backman mentioned that the I-35W Corridor Coalition is an organization of seven contiguous cities to the north of Minneapolis and St. Paul. The communities (Arden Hills, Blaine, Circle Pines, Mounds View, New Brighton, Roseville, and Shoreview) seek to address issues that cross municipal boundaries. These subregional issues include transportation, housing, GIS, and workforce. Ericson noted that as the Twin Cities metro area grows, a good portion of it will occur in the north metro area. A Build-Out Study is underway now and will be presented before the EDC when completed. • 5. Mounds View Square Developments: Backman spoke about the Grand Opening yesterday by Petters Warehouse, now the largest tenant(22,000 sq. ft.) in Mounds View Square. He and Ericson met with Ken Henk, Director of Development for Paster Enterprises (owner of the shopping center). They are working with several prospective businesses to fill up the remaining vacancies. EDC Minutes February 1, 2002 Page 3 Appy© d • 6. Minneapolis Metro North CVB Annual Meeting: The Minneapolis Metro North Convention& Visitors Bureau promotes economic growth for its north metro members as a preferred destination for events, meetings,and tourism. Funding for the Bureau's operation is derived from a 3% lodging tax assessed by hotels on rooms. Mounds View is the newest member of the CVB, joining Anoka, Blaine, Brooklyn Center, Brooklyn Park, Coon Rapids, Fridley, Maple Grove and Shoreview. Backman attended the Metro No. CVB's annual meeting on January 13th and represents the City on the Board. 7. 2002 Public Finance Seminar: Backman will be attending a public finance seminar focusing on Tax Increment Financing (TIF)put on by Ehlers&Associates at the Earl Brown Center in Brooklyn Park on February 7th & 8th. Chairperson Belting requested that it would be beneficial for the Commission to receive information regarding TIF. 7. EDC BUSINESS A. Consideration of Resolution 01-EDC-33 setting the 2002 Meeting Schedule: Backman raised the subject of meeting dates and times,and whether the Commission would prefer to keep meeting on the third Friday of each month at 7:30 a.m. All indicated that the present meeting schedule was satisfactory. Commissioner Johnson moved to approve the proposed 2002 meeting schedule, with the February meeting occurring on February 1st instead of the February 15th • Seconded by Commissioner McDonald. Motion Carried: 6 Ayes 0 Nays B. TIF District Developer Payment Issues: On a semiannual basis (2/1 &8/1)the City makes TIF payments to developers who have developed properties for industrial, commercial & housing projects. Currently we are making payments for the following projects: C.G. Hill, Building N, Silver Lake Pointe, Midwest I.V., and Zep Manufacturing. In reviewing the Development Assistance Agreements, Backman noticed some apparent discrepancies in what was paid and what should have been paid. Two of the payments (Bridges Leasing Co. for Midwest I.V., and Kenmark Partnership for Zep Manuf.)were determined to be appropriate and were authorized by the City. The other three are being reviewed. More complete information regarding these payments will be provided for the March EDC meeting. C. Developer/Business Meetings: Backman spoke of his priority to meet with the businesses in the community. Within the current economic climate some sectors have been doing better than others. He mentioned several businesses that he has toured and met with management. D. Discuss Disetronic Medical Systems Retention: Backman indicated that this medical device company located in Bldg. N is a business to keep an eye on. It has grown from 25+employees to over 120 during the past three years. It is close to running out of space, however, it has not been able to come to terms with the building owner to expand into more of the building or to purchase the building. Backman has met with Disetronic officials and representatives of Everest Development. Chairperson Belting appreciated Backman's efforts. He indicated that the EDC • needs to be proactive on businesses like this and that we should be ready to do retention visits or other steps to keep the business growing in Mounds View. Commissioner Field pointed out the need for clear communication between the City (EDA) and the EDC on projects and issues. EDC Minutes February 1, 2002 Page 4 Ap p P®MceC 1 • 8. ADJOURNMENT There being no further business before the Commission, Chair Belting adjourned the February 1st meeting of the Economic Development Commission at 8:40 a.m. Respectfully submitted, g. - Aaron Backman Economic Development Coordinator • N:\DATA\GROUPS\ECONDEV\EDC\Minutes\Min02\2-1-02.doc • 2002 Economic Development Commission Members (Revised 3-12-02) 4111 Name Term Expires Dr. Gregory Belting December 31, 2002 Silverview Chiropractic Center (Business 2552 Highway 10, MV, MN 55112 Representative) 763-786-5581 (w) 651-407-6406 (h) E-mail: svccdrgreg@qwest.net Tom Field December 31, 2004 8409 Knollwood Dr., MV, MN 55112 (Resident) 763-786-8771 (h) 651-482-5975 (w) 651-483-6691 (fax) E-mail: tfield@cherokee-bank.com Torri Johnson December 31, 2003 7730 Long Lake Road, MV, MN 55112 (Resident) 763-785-9814 (h) 612-215-4551 (w) 612-573-9081 (fax) E-mail: torri.l.johnson@xcelenergy.com Stan McDonald December 31, 2003 • 2522 Mounds View Drive, MV,MN 55112 (Resident) 763-786-6314 (h) 763-786-6315 (fax) E-mail: Sstanman3(aiiaol.com David Fox December 31, 2004 FedTech, Inc. (Business 4763 Mustang Circle, MV,MN 55112 Representative) 763-784-4600 (w) 763-424-9326 (h) 763-784-4700 (fax) E-mail: davef@fedtech.com Jason Helgemoe December 31, 2003 Western Bank (Business 2711 Highway 10 NE, MV, MN 55112 Representative) 651-290-7876 (w) 651-786-5539 (h) 651-229-7878 (fax) E-mail:jhelgemoe@western-bank.com Resident Representative(Vacancy) December 31, 2004 N:\DATA\GROUPS\ECONDEV\EDC\Commission Information\2002 EDC List.DOC • • • ....,„:„.::„,„.„,„,,,:,„,„:„.,..„,,,,,.. LI._ c ..•,... .._,::,:_.. , ,,,,, v � � { _ L ,^ ,. „a.,:i....,,,,,„!,:70,!,:lii,„::::.:117.,,!_,I.!:1,,,,,:i.,:a„„i,,_„:_timilli,a,,:si__:::,,:,__:::: CO 0 / .i:„:::,,,„:s:::::.,c,,4,.rla_::::.:,::;::_:,..„„imrit:_,,:. ..), 0 _ ..... .(7) :•:::„..,. ,..•• `eco- ., �. . wg I +�+ .. � oda "' � � � i CO ilig :„.,.„..,::,:,,„,„:„.„-,,,,,,,,,,,,,,•,,,,,-----:'-'":::-"'" : ' . o 0 em .... .,—.5 ,,..„•.,,' ,. 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Toni Johnson, a Mounds View resident who works for Xcel Energy in Minneapolis, was elected as Vice Chair. Both look forward to addressing economic development issues in the community. In addition, the Economic Development Authority (EDA) has appointed two new members as business representatives to the EDC. David Fox is President of FedTech, a manufacturing business that provides laser and waterjet cutting services. Jason Helgemoe is Assistant Vice President of Commercial Banking for Western Bank in Mounds View. Welcome aboard Dave and Jason! Their skills and experience will be valuable to the Commission. Regular EDC meetings are held at 7:30 a.m. on the third Friday of each month. • County Highway 10 Corridor Plan Last year the City of Mounds View selected URS/BRW as the consultant for the County Highway 10 Reconstruction and Revitalization Study. The goal of the study is to develop a coordinated vision and prepare schematic plans for the future development of undeveloped and underdeveloped areas of Highway 10. The idea is to maximize the tax base of the City and provide the framework for an aesthetically-pleasing physical environment, while protecting and enhancing the natural environment and surrounding land uses in the area. An open house regarding the plan is slated for April 2002. Top Ten List for Mounds View Businesses Do you enjoy a good Top Ten list (a la Letterman)? Aaron Backman, the new Economic Development Coordinator for the City has been meeting with local businesses and has compiled a new top ten list of the largest employers in Mounds View. They are: Major Employer Employee Count 1. Sysco Minnesota 615 2. Liberty Enterprises 308 3. Multi-Tech Systems 264 4. Midwest Medical Services 192 • 5. Mounds View School Dist. 183 6. Tyson Companies 175 7. Vitran Express 140 8. Disetronic Medical Systems 120 9. Mermaid Supper Club &Banquet Ctr. 120 10. Medtronic 90 If you would like more information regarding area businesses, feel free to contact Aaron Backman at 763-717-4029, or his e-mail address aaronb cz ci.mounds-view.mn.us with comments or questions. Mermaid Hotel & Banquet Center Project Update In October 2001 the City of Mounds View approved $815,000 in revenue bonds for the Mermaid expansion project. Proceeds were used to finance a portion of the costs of acquisition of real property. Favorable weather allowed the $9.0+ million expansion of the Mermaid to progress at a rapid rate during the winter. Today the building construction is over 90% completed and portions of the new facility are already being utilized. The Mermaid complex now includes the American Grille (a full service restaurant & • sports bar/lounge), The Mermaid Lanes (state-of-the-art bowling center), The Maid (nightclub), the new Convention & Event Center, and a new Americlnn Hotel & Suites. The Coral Bay ballroom accommodates up to 600 guests and is equipped with a full array of business support amenities/media capabilities and a wide range of menu selections. The Americlnn of Mounds View is scheduled to open in April 2002 and offers 70 guest rooms, including a recreation area and pool with a waterslide. If you have not had a chance to tour the Mermaid facilities, do so. It's impressive! New Business Notes Blooming Prairie Natural Foods coming to Mounds View Blooming Prairie, one of the largest natural food distributors in the country, is relocating from Minneapolis to Mounds View. This 26 year-old cooperative is a wholesale distributor of natural and organic foods and products that serves natural food stores, traditional grocery stores, buying clubs, and restaurants. Its annual sales are in excess of $100 million. Running out of space at its current location, Blooming Prairie is looking forward to more than doubling its space (102,000 sq. ft) at 5230 Quincy St. in the Mounds View Business Park. The wholesaler has hired McGough Construction to renovate the warehouse/office space for its needs. Blooming Prairie expects to begin operations in the new location in July 2002. Appr®wcad Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting March 27, 2002 City of Mounds View, Council Chambers 2401 Highway 10, Mounds View, MN 55112 1. CALL TO ORDER: The meeting was called to order at 7:38 a.m. by Chairperson Greg Belting. 2. ROLL CALL: Members Present: Dr. Greg Belting, Tom Field, Torri Johnson, and Dave Fox Member Absent: Stan McDonald, Jason Helgemoe Staff Present: Economic Development Coordinator Aaron Backman 3. APPROVAL OF EDC MINUTES: Motion/Second: Field moved and Johnson seconded the approval of the February 1, 2002 EDC minutes. Motion Carried: 4 Ayes 0 Nays 4. SPECIAL BUSINESS No Special Business Scheduled. 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Commissioner Reports: There were no reports. B. Report of EDA Liaison: Backman reported that it was determined that Mr. Field needed to be formally re-appointed to the EDC. The EDA did approve his new term at its March 11, 2002 meeting. Mayor Rich Sonterre was notified of today's EDC meeting. C. NB-MV Chamber of Commerce Update: Backman will be attending the New Brighton-Mounds View Chamber Board meeting this Thursday, March 28th at the Dalco Enterprises building in New Brighton. Field mentioned that the 4th Annual Chamber Golf Tournament will be held at Brightwood Hills Golf Course on May 16th The public and Chambers members are encouraged to participate. EDC Minutes March 27, 2002 A =��. r rove Page 2 D. Report of Staff: 1. Developer Payments for TIF Projects: Belting inquired as to who is responsible for calculating the Tax Increment Financing(TIF)payments to developers. Backman responded that historically the Economic Development Coordinator has calculated the payments and that the City's Finance Director has filled out the TIF reports that are submitted to the Office of State Auditor (OSA). Last year the E.D. Coordinator filled out the reports, which were incorrectly done. This year,the OSA reports are being completed by Ehlers&Associates in conjunction with the City's Finance Director. Backman indicated that there are revised payments for three projects: Silver Lake Pointe, Building N, and C.G. Hill. Backman reviewed with the EDC members the TIF spreadsheet calculations for C.G. Hill—past and current. Shelly Eldridge, Ehlers, Charlie Hansen, and Backman met with Everest Development on March 19th to discuss both C.G. Hill and Building N projects. Additional changes in the calculations have occurred because some land parcels were added to the TIF District after it was established (changing the applicable tax capacity rate). Tim Nelson, Everest Development will be talking with the Ramsey County Assessor's office to discuss the possibility of re-allocating the property valuations for Building N. Backman believes that it has been beneficial that Ehlers & Associates has been advising the City of Mounds View regarding TIF issues and payments. 2. I-35W Corridor Coalition Committee Activities: A meeting of the Economic Developing & Marketing Committee was held on March 12th in the Blaine City Hall. Backman stated that the I-35W Corridor Coalition has undertaken a labor force assessment. Prepared by DTED, the report focuses on collecting and evaluating underemployment data. It is available to the Commission in hardcopy and CD ROM formats. 3. Mermaid Hotel & Banquet Center Project Update: Backman relayed that the $9.5 million Banquet and Hotel expansion at the Mermaid is about 90% completed. Documents pertaining to acquisition of the Cabot property have yet to be sent from Boston. However, with assurances from the City,the bank has released the remaining dollars for construction. Mr. Hall indicates that the plan is still to open the Americlnn Hotel by mid-April. 4. Highway 10 Revitalization Plan Update: The Highway 10 Revitalization Plan will be presented by URS, the Minneapolis consulting company, to the City Council on April 1st Backman mentioned that when plans become available he will provide them to the EDC members. He also highlighted an upcoming public meeting/open house at the Community Center. URS and the City will present and seek public comment on the Highway 10 Plan on Wednesday, April 24th at 6:00 p.m. 7. EDC BUSINESS A. Review of EDC Bylaws: Members indicated they had not had an opportunity to review the EDC Bylaws or consider any changes. Belting suggested moving this item to the April 19th EDC meeting. The members concurred. B. Meetings with Mounds View Businesses: Backman spoke of his priority to meet with the businesses in the community. He noted meetings with Midwest Motor Express, Vitran, Bio- Clean, Zep Manufacturing, and RAVE Sports. Backman brought the Commission up-to-date regarding the status of RAVE. The Company's administrative, distribution, sales, and R&D activities are located in Mounds View. Its manufacturing facility is located in Missouri. RAVE EDC Minutes March 27, 2002 Approved Page 3 Sports is considering relocating its production activities to a more suitable building closer to the Twin Cities. Backman will keep the Commission informed about developments. C. Business Prospects: Abbey Carpet,a floor covering business currently located in New Brighton, is having to move its showroom. The owner of the store, John Kopas, has been in business for 29 years and has been looking for a visible location for a 10,000 sq. ft. showroom/warehouse facility. Backman has provided Mr. Kopas information regarding sites along Highway 10. Backman also discussed Minuteman Press and a building products/service company prospect. D. TIF Cash Flow Analysis: Backman highlighted key points in a TIF cash flow analysis undertaken by Ehlers & Assoc. There is a projected deficit for 2002. Interfund borrowing will likely be necessary. The TIF Cash Flow information will be revised and presented to the City Council. E. Ehlers Public Finance Seminar Info: Backman discussed TIF information garnered from the Ehlers Seminar in February. He distributed to the members copies of the TIF fundamentals. Field requested that the EDC receive the minutes from EDA meetings. Backman indicated he would include the minutes. 8. ADJOURNMENT There being no further business before the Commission, Chair Belting adjourned the March 27th meeting of the Economic Development Commission at 9:02 a.m. Respectfully submitted, Aaron Backman Economic Development Coordinator N:\DATA\GROUPS\ECONDEV\EDC\Minutes\Min02\3-27-02.doc