HomeMy WebLinkAbout02-20-1997
Minutes of the Economic Development Commission
City of Mounds View
Ramsey County, Minnesota
Regular Meeting
February 20, 1997
City of Mounds View, Council Chambers
2401 Highway 10, Mounds View, MN 55112
1. Call to Order:
The meeting was called to order at 8:55 a.m. by Vice Chairperson, Cindy Carlson.
2. Roll Call:
Members present were as follows: Cindy Carlson, Rosemary Goff, Bev Terhark and Delane
Welsch. Members Brian Sjoberg, Ron Schmidt and Dan Nelson were absent. EDA Liaison Duane
McCarty and alternate Liaison Gary Quick were absent. Dir.of Economic Development Cathy Bennett
was present.
3. Approval Of Minutes:
Minutes from November 21, 1996 and January 23, 1997 were tabled until next
meeting.
4. Special Business
Special Business was discussed prior to when the meeting was called to order.
SRF Consulting gave an overview of the work that has been completed to date (base
data and inventory collected, interviews completed, market overview and
development of preliminary vision, goals and objectives). The final presentation of
the recommended plan was scheduled for April 7, 1997 during the Council/EDA
regular monthly work session.
Patrick Peters handed out an overview of the ideas collected at the Design Workshop
and he reviewed the draft goals/objectives. Mr. Peters requested any changes to the
goals/objectives as soon as possible so that they may be incorporated into the final
document. Three land use alternatives were presented. Alternative A includes a
minimal redevelopment of the parcel with limited combing of parcels. Alternative B
provides for more partnership opportunities and includes pedestrian pathways along
Highway 10 on the north side between County Road I and Silver Lake Road.
Alternative C combines most of the vacant parcels into one or two developments for
maximum land usage and includes the proposal for sidewalks on the North and
South sides of Highway 10 with a trail connection from County Road I to Silver Lake
Road and around the wetland. In addition, Alternative C brings the commercial uses
up to front Highway 10 for better visibility.
A draft of the final recommendation will be available for EDC review prior to the
presentation to the EDA.
5. EDC BUSINESS
A. Consideration of Tax Increment Assistance Request
Dir of ED Bennett described the request for $150,000 of tax increment funds to
enable the building of a 25,000 sq.ft. office/warehouse facility for a local company
called Zep Manufacturing. Bennett explained the staff analysis and reviewed the
need for tax increment. Bennett explained the financial analysis and payback of TIF
and would propose the recommendation of 50% of the increment for 6 years with a
maximum payout of $150,000 net present value dollars.
Motion/Second: Welsch/Carlson moved to approve the recommendation of 50% of the
increment for 6 years up to $150,000 of tax increment assistance for Zep Manufacturing
Motion Carried 4 ayes 0 nays
B. Consideration of Tax Increment Policy and Deposit Agreement
Vice Chair Carlson noted that the EDC has spent considerable time in putting together
the TIF Policy and Deposit Agreement and that even though the Guidelines for
evaluating a request are not complete that the Policy and Deposit Agreement should be
considered for approval at this time.
Motion/Second: Welsch/Goff moved to recommend the approval of the Tax Increment Policy
and Deposit Agreement as presented and to direct staff to bring these items to the EDA for
final approval.
Motion Carried 4 ayes 0 nays
C. Consideration of EDC Work Plan for 1997
Motion/Second: Goff/Carlson moved to table and bring to the next meeting for
consideration due to a lack of time to review
Motion Carried 4 ayes 0 nays
6. Reports From Chair, Commissioners and Staff:
7. Adjournment
There being no further business before the Commission, this meeting of the Economic
Development Commission adjourned at 9:10 a.m.
Respectfully Submitted,
2
Director of Economic Development