HomeMy WebLinkAbout06-21-2002 ECONOMIC DEVELOPMENT COMMISSION AGENDA
June 21, 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
May 17, 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 Merger Update
D. Report of Staff
1. Chamber Merger Activities/Business of the Year Luncheon
2. Met Council Livable Community Grant Application Submittal
3. Development of second remodeling Planbook for Split-Level Homes
4. I-35W Corridor Coalition—Economic Development Activities
5. Metro North CVB Board Meeting
6. EDC BUSINESS
• A. Manufactured Home Park Revitalization Public Meeting
B. Meeting w/Everest & Request for Revised C.G. Hill Development Agreement
N:\DATA\GROUPSTCONDEVTDC\Agendas\Agenda02\6-21-02.doc
C. Abbey Carpet—Prospect Activities
D. Cuivers Restaurant—Prospect Activities
E. Other Business Prospects
F. EDAM Summer Conference
G. Other
7. ADJOURN at A.M.
Next Regularly Scheduled Meeting: July 19, 2002
N:\DATA\GROUPS\ECONDEV\EDC\Agendas\Agenda02\6-21-02.doc
A
ECONOMIC DEVELOPMENT COMMISSION AGENDA
June 21, 2002
730 A.M.
MOUNDS VIEW CITY HALL - CITY COUNCIL CHAMBERS
1. CALL TO ORDER 7:14) A.M.
2. ROLL CALL (Present = P, Absent = A)
Belting Fox
Field Helgemoe
Johnson Open
McDonald Backman (Staff)
Ericson (Staff)
3. APPROVE EDC MINUTES
May 17, 2002
Motion: ik.0 Second: 1)I4 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 ) 2 erlikgel'
At„„4
C. Chamber of Commerce Merger Update
D. Report of Staff
1. Chamber Merger Activities/Business of the Year Luncheon r-
2. Met Council Livable Community Grant Application Submittal 51/43
3. Development of second remodeling Planbook for Split-Level Homes
4. 1-35W Corridor Coalition—Economic Development Activities
5. Metro North CVB Board Meeting
6. EDC BUSINESS
A. Manufactured Home Park Revitalization Public Meeting
B. Meeting wfEverest& Request for Revised C.G. Hill Development Agreement
NADATA\GROUP STCONDEVTDC\Agendas\Agenda0216-21-02.doc
C. Abbey Carpet—Prospect Activities
• D. Culvers Restaurant—Prospect Activities RA4tM
E. Other Business Prospects .Z...43 J, -
F. EDAM Summer Conference it
G. Other
7. ADJOURN at q:10 + A.M.
Next Regularly Scheduled Meeting: July. '19, 2002
•
S
NADATA\GROUPSTCONDEV\EDC\Agendas\Agenda02\6-21-02.doe
MM.
Minutes of the Economic Development Commission
• City of Mounds View
Ramsey County, Minnesota
Regular Meeting
May 17, 2002
City of Mounds View, Council Chambers
2401 Highway 10, Mounds View, MN 55112
1. CALL TO ORDER:
Chairperson Greg Belting called the meeting to order at 7:44 a.m.
2. ROLL CALL:
Members Present: Dr. Greg Belting, Tom Field, Dave Fox, Jason Helgemoe, Torn Johnson, and
Stan McDonald
Members Absent: None
Staff Present: Economic Development Coordinator Aaron Backman
Others Present: EDA Liaison Rich Sonterre
A.•3. APPROVAL OF EDC MINUTES:
Motion/Second: Field moved and Johnson seconded the approval of the April 19, 2002 EDC
minutes.
Motion Carried: 6 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:
Mayor Rich Sonterre mentioned that the strike of the City of Mounds View employees was settled
on Wednesday night, May 15`h and that employees returned to work yesterday morning. The City
Council looks forward to moving beyond the contractual issues and is eager to get back to the
business of the city. Mayor Sonterre highlighted the efforts of Ericson and Backman, and the
extra hours they put in during the labor dispute.
NB-MV Chamber of Commerce Update:
SC.
Backman discussed developments regarding the merger of the New Brighton-Mounds View
Chamber. After considering Southern Anoka, Metro North and St. Paul Area Chamber, the
Executive Committee recommended merging with the Southern Anoka Chamber. The NB-MV
EDC Minutes Approved• May 17. 2DO2
Page 2
Chamber Board of Directors considered merger options at its April 25thmeeting at the Pratt-
Ordway
� CJrdvvayBuilding iny�exvBrighton. All but one director voted infavor of�haExeouUve(�ornrni�ee
--
recommendations. The Southern Anoka Chamber Board of Directors met in Fridley on May 10th
and unanimously approved the merger. Over the past week all NBMV members voted on the
merger. Of the 116 paid members, 52 voted on the merger. Of those voting, 50 or 96%voted in
favor of the move. The existing office in New Brighton will close on June 30th and the new
Chamber based in Fridley will open July 1st
The NB-MV Chamber Business of the Year Luncheon will occur on June 6hhiat the New Brighton
Family Service Center. Field highlighted some of the results of the Annual Chamber Golf
Tournament that was held at Brightwood Hills Golf Course on May 16th
D. Report of Staff:
1. Revised 2000 TIF Report: Each year the City of Mounds View submits a financial report
regarding Tax Increment Financing to the State. In order for the City of Mounds View to
accurately complete the 2001 TIF District Report that goes to the Office of State Auditor
(OSA),the end-of-year balances for FY2000 need to be accurate. Both Charlie Hansen,the
City's Finance Director and Backman did not have confidence in last year's numbers. Shelly
Eldridge from Ehlers&Associates reviewed the 2000 TIF Report. She estimates that 75%of
the numbers in that report are not correct. Therefore,permission was sought(and approved)
from the City Council to have Ehlers reconstruct the 2000 TIF Report. Backman and Hansen
met with Eldridge on 5/14/02 to review the revised report. It is largely done and will be
submitted to the City later in June.
2. Manufactured Home Park Revitalization Activities: In 2001 the City was able to garner a
CDBG grant through Ramsey County to improve the home units at Mounds View Mobile
Home Park. The voluntary program has two elements to it—an acquisition program to
purchase and demolish substandard manufactured homes and a rehabilitation program to
upgrade existing units to eliminate health and safety violations. Following the April 10th
meeting of Ramsey County (community development staff), Durand & Associates (the
property mgmt. company), and City staff, several milestones need to be met. Ramsey
County sent a letter on April 29th delineating its expectations. Ramsey Co. wanted a
commitment on the part of the park owners to invest in needed infrastructure (eg.
water/sewer line replacements). Durand & Associates has not provided this letter yet
because it is still getting quotes from contractors. The main discussion point is whether the
main water line should be replaced or not. Perry Hansen hopes to have line testing quotes in
the next two weeks. Originally the goal was to have a community meeting to discuss the
housing program with the residents prior to Memorial Day. Due to the process taking longer,
the public meeting will probably occur in late June.
3. Highway 10 Revitalization Public Meeting: The Highway 10 Revitalization Plan was
presented by Todd Halunen, URS,and City representatives at a Public Meeting on April 24th
at 6:00 p.m. in the M.V. Community Center. Backman discussed some highlights from the
meeting. He noted that 40-50 people attended the presentaUon, question and answer
period, and the open house to view the plan diagrams. Sonterre felt that given the
importance of the study more citizens should be interested and attend these forums to ask
questions, and discuss community issues and redevelopment.
4. 1-35W Corridor Coalition—Housing Subcommittee Activities: Backman reported attending
the Housing Subcommittee meeting on May 6th. A significant portion of the meeting was
devoted to a demographics presentation by John Carpenter from Excensus, LLC. Misreport
�����
-��---_-- /
EDC Minutes Approved
U����
K8�y17' 2802 ��°�D��U�"U �=�Yf `��u�L
Page 3
focuses on the relationship between demographics and housing for the Coalition
communities. In general housing does affect the population "balance" of cities. Other
discussions focused on the Housing Build-out Study. The group seeks a better
understanding of the potential for and implications of Smart Growth in terms of housing
types, site design, and linkages.
5. |-35W Corridor Coalition—Economic Development Activities: Backman attended the
Economic Development& Marketing Committee meeting on May 7th. Members discussed
developing a marketing insert highlighting all member communities for an upcoming issue of
the Twin Cities Business Monthly magazine.
7. EDC BUSINESS
A. 2002 Minnesota Business Assistance Form: Backman submitted this annual form to the Dept.of
Trade & Economic Development on May 31st.
B. Development of Second Remodeling Planbook for Split-Level Homes: In 1998 the Mounds View
EDA authorized the expenditure of $5,000 to participate in the first remodeling Planbook.
Published in 1999,the first Planbook focused on remodeling options for Ramblers and Cape Cod
homes. A consortium of 15 communities split the cost of developing and printing 5,000 copies of
the book(approx. $60,000). Citizens of Mounds View can purchase this Planbook for$10 each.
A second Planbook is currently in the works. It likewise will be undertaken by a consortium of
communities. The focus of the second Planbook is on Split-Entry/Split Level homes. Backman
suggested the (�ib/ofyW0undsViavvcomnnit $2.5OOfor the second renlode|ingF�|anbo¢K. The
• Citv'o EDA approved this expenditure at its May 13th meeting. Other communities have
committed to the pject or are in the process of doing so. Backman will keep the Commission
informed as to the status of the 2"« Planbook.
C. Business Prospects: Backman briefly discussed the status of Abbey Carpet, Now Bikes, and a
proposed laundry facility in the Silver View Plaza.
D. Met Council Livable Community Grant Application Workshop: The Metropolitan Council
administers two types of grants from its Livable Communities Fund—Opportunity Grants and
Development Grants. The Opportunity Grants fund early planning or predevelopment costs to
develop project-specific and site-specific land use plans. A total of $500.000 is available this
fiscal year. Backman intended to work with Jim Atkinson in the office to submit an application to
the Met Council bvthe May 15m deadline. The Mounds View strike, however, made submission
difficult. Backman requested a one-week extension to submit the application. This was granted.
E. Other: Nothing else discussed.
8. ADJOURNMENT
Backman indicated that he had arranged for a tour of Liberty Enterprises at their check printing facility at
2222 Woodale in the MV Business Park. Bruce Bednarek, Director of Facilities for Liberty and Brooks
Manning, Assist. Operations Manager, will be meeting the EDC members at the door prior to the tour.
Given that the tour is to begin at8:3Oo.rn..and there being nofurther business before the Commission,
--
Chair Belting adjourned the May 17th meeting of the Economic Development Commission at 8:25 a.m.
EDC Minutes
May 17, 2002 Approvad
Page 4
Respectfully submitted,
Zia/z.477,_Aaron A.A. Backman
Economic Development Coordinator
NADATA\GROUPS\ECONDEV\EDC\Minutes\Min02\5-17-02.doc
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'ess • Partne
May 30, 2002
Mr. James G. Knight
Red Cent Management, LLC
c/o The Everest Group
100 Village Center Dr., Suite 230
North Oaks, MN 55127
Re: February 2002 TIF Payment(C.G. Hill)
Dear Mr. Knight:
As a follow-up to our meeting today regarding TIF payments calculations for the Building N
and C.G. Hill projects, we have agreed on the following: The City of Mounds View has
incorporated the previously discussed changes regarding the tax capacity rates for the
respective parcels. The effect of the changes was to significantly reduce the semi-annual
overpayments over the past six years (See TIF payments table). Taking into account the
$220,939.97 in interest and principal that has been paid to date for C.G. Hill, and the correct
developer payment of$208,866.21, the City of Mounds View has overpaid you by$12,073.76.
While less for each tax year, the overpayments by the City of Mounds View mean that a
payment for the C.G. Hill project would not occur in August 2002. A partial payment would
occur in February 2003.
Please do not hesitate to contact me with any questions or to talk with Jim Ericson.
Sincerely,
Aaron A. Backman
Economic Development Coordinator
411 cc: Kathleen Miller, City Administrator
Jim Ericson, Community Development Director
Rich Sonterre, Mayor
•
• 5/30/02
TIF Payments for the C.G. Hill Project
What TIF Pymts Should Have Been: What Pymts Were Paid: Payment
Year 5/30/02 Memo To Everest(Red Cent Mgmt) Difference
1996 $40,116.65 $45,627.64 $5,510.99
1997 39,938.56 45,418.92 5,480.36
1998 31,473.35 36,904.30 5,430.95
1999 31,615.69 37,242.12 5,626.43
2000 29,326.62 34,563.76 5,237.14
2001 36,395.34 21,183.23 -15,212.11
•Totals $208,866.21 $220,939.97 $12,073.76
Overpayment to Developer(as of 2/1/02) $12,073.76
•
Developer Pymts History(C.G. Hill)v.3
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May 30, 2002
Mr. James G. Knight
Red Cent Management, LLC
do The Everest Group
100 Village Center Dr., Suite 230
North Oaks, MN 55127
Re: February 2002 TIF Payment(Building N)
Dear Mr. Knight:
• As a follow-up to our meeting today regarding TIF payments calculations for the Building N
and C.G. Hill projects, we have agreed on the following: The City of Mounds View has
incorporated the previously discussed changes regarding the tax capacity rates for the
respective parcels. After recalculating the developer payments for Pay 2001, the City of
Mounds View owes an additional $619.98 per semi-annual payment or $1,239.96 for the year.
(See attached Pay As You Go 2001 spreadsheet). Also, the projected Pay 2002 spreadsheet for
Building N is attached. Under the present Development Assistance Agreement provisions and
with class rate compression, the projected semi-annual developer payment drops from
$22,825.16 to $13,432.67.
Please do not hesitate to contact me with any questions or to talk to Jim Ericson.
Sincerely,
ach-44--
Aaron A. Backman
Economic Development Coordinator
cc: Kathleen Miller, City Administrator
• Jim Ericson, Community Development Director
Rich Sonterre,Mayor
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June 13, 2002 THE EVEREST GROUP, LTD.
Aaron Backman
Economic Development Coordinator
CITY OF MOUNDS VIEW
2401 Highway 10
Mounds View,MN 55112-1499
RE: Taxable Tax Increment Revenue Note of 1994
(C.G.Hill Project)
Dear Aaron:
I am writing as a follow-up to our recent meetings and conversations concerning the C.G. Hill
development project and its "pay-as-you-go"TIF Revenue Note payments. We appreciate the
assistance you and Shelly Eldridge from Ehlers &Associates have provided in helping to correct
the payments calculated under this Revenue Note.
Unfortunately, it is clear that even after these appropriate payment corrections,the$196,000
principal amount of the Revenue Note will not be paid within the original term of the Note,which
• is scheduled to terminate with the August, 2003 payment. As we have discussed,this shortfall in
payments under the Note is a direct result of the state legislature's recent"compression"of the
real estate tax class rates.
Accordingly, we are writing to request that the Revenue Note be amended to simply extend its
term until February 1, 2014,the date of termination of the underlying TIF District.We make this
request in the hope and expectation that the principal amount of the Revenue Note can be paid in
full, consistent with the intent of the parties when the Note and corresponding TIP Development
Agreement were entered into in 1994. Of course, under the terms of the Note, once the principal
amount is paid in full,payments to the Note holder cease.
We ask that you submit this request to the Mounds View Economic Development Authority for
consideration at the next available EDA meeting.We are available to meet with staff and/or the
EDA as appropriate to discuss this request. Thank you in advance for your assistance.
Sincerely,
THE EVEREST GROUP,LTD.
on behalf of Red Cent Management,LLC
4-76•4
Timothy J. Nelson
TJN/Ic
100 VH Ie Center Drive
Suite )i) Nnrlh 0,11<,,, MN 3,3120
3 (; 1)-
111M.