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HomeMy WebLinkAbout06-22-2000 M:\MasterFiles\EDC Minutes-Resolutions\EDC Minutes\2000\06-22-00.doc Minutes of the Economic Development Commission City of Mounds View Ramsey County, Minnesota Regular Meeting June 22nd, 2000 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. ROLL CALL: Members Present: Dr. Greg Belting, Cindy Carlson, Tom Field, Torri Johnson, Rosemary Goff, Wendy Marty, and Sean Walther. Members Absent: EDA Liaison Dan Coughlin Staff Present: Economic Development Coordinator Aaron Parrish and Community Development Director Rick Jopke 3. APPROVAL OF MINUTES: Motion/Second: Goff/Walther moved to approve the minutes from June 22nd, 2000. Motion Carried: 7 Ayes 0 Nays 4. SPECIAL BUSINESS There was no Special Business 5. REPORT OF COMMISSIONERS, STAFF AND EDA LIAISON A. Commissioner and EDA Liaison Reports Chairperson Field discussed the recent meetings of the Highway 10 Steering Committee. He indicated that priorities identified at the committee level included reducing the Highway’s speed limit, renaming the road, incorporating additional landscaping, adding a pedestrian bridge, and adding trails and pathways along the corridor. Commissioner Carlson suggested the need for a pedestrian bridge be evaluated further in light of some of the other pedestrian friendly changes being made to the Highway. B. NB~MV Chamber of Commerce Update Commissioner Greg Belting, Chair of the Board of Directors for the NB~MV Area Chamber of Commerce provided the Commission with information on the Chamber’s recent activities. Commissioner Belting indicated that a Mounds View business was awarded the “Business of the Year” award. Commissioner Carlson also indicated that Commissioner Belting was the recipient of the “Volunteer Service” award for his participation in chamber, rotary, and city activities. Commissioner Belting also indicated that the Chamber will be hosting its annual ‘Gala” event on July 27th, 2000. M:\MasterFiles\EDC Minutes-Resolutions\EDC Minutes\2000\06-22-00.doc C. 2901 Highway 10 Coordinator Parrish updated the Commission regarding the status of 2901 Highway 10, or the former gas station property. He announced that the Economic Development Authority authorized the provision of demolition assistance and that it is anticipated that the property will be demolished sometime next week. D. Tax Increment Finance Policy Update Coordinator Parrish indicated that the Economic Development Authority passed the tax increment finance policy recommended by the Commission with a couple of slight modifications. E. Walgreens Director Rick Jopke updated the Commission on the upcoming Walgreens’ development. He indicated that the proposal was going to be considered at the July 5th, 2000 meeting of the Planning Commission. He reaffirmed that a Walgreens and Culvers restaurant are still planned for the property. He also reiterated the terms of the land exchange between the city and the developer. F. Mermaid Hotel and Banquet Center Coordinator Parrish apprised the Commission on the status of the Mermaid’s request for tax increment finance assistance. He indicated that the Economic Development Authority has given preliminary approval to the request, and that the city’s consultants are currently in the process of drafting development agreement and the necessary amendments to the tax increment finance plan. Once the appropriate agreements and amendments have been drafted, the Economic Development Authority will give final consideration to the proposal. G. Council Manager Form of Government Director Jopke gave a brief overview of the City Council’s consideration of a council- manager form of government. Director Jopke stated that the primary difference the proposed form of government and the existing form of government is the role of the city council. He indicated that under a city manager form of government, the Council would take more of a policy making role in city affairs with administrative matters being left to a city manager. Commissioner Belting inquired about the form of government other communities used, particularly in the metropolitan area. Director Jopke indicated that the City has gotten this information and it could be provided at a later date. H. Charter Commission Resolution 2000-09 Coordinator Parrish indicated that Charter Commission Resolution 2000-09 has been provided to the Commission since it relates to the use of tax increment finance in Mounds View. 6. EDC BUSINESS A. Tax Abatement Finance Policy Coordinator Parrish provided an overview of tax abatement and its potential use in Mounds View. He discussed the public interest requirements prerequisite to granting an abatement, the potential uses of abatement, abatement compared to tax increment financing, and abatement’s capacity to generate revenue. M:\MasterFiles\EDC Minutes-Resolutions\EDC Minutes\2000\06-22-00.doc After an overview, a preliminary tax abatement finance policy and application was submitted to the Commission for their review. Coordinator Parrish provided a summation of the policy’s components. With regard to Section IV, Policies for the Use of Tax Abatement, Commissioner Carlson suggested that a 20% equity investment might be more appropriate than a 20 percent “cash” equity investment under letter b. Also with regard to Section IV, Policies for the Use of Tax Abatement, Commissioner Field suggested adding “as established by a licensed appraiser” to letter c. Coordinator Parrish suggested two additional changes. First, under Section V. Project Qualifications, he suggested public infrastructure be incorporated. This was agreeable to the Commission. Second, under Section VIII, letter “E” he suggested that “To be returned upon project com pletion” be omitted from the application fee component. With regard to the evaluation tool contained within Section X, Commissioner Carlson suggested that some additional criteria be incorporated to account things such as exterior improvements and other intangible criteria. It was agreed that additional items would be incorporated into the bonus points component of the evaluation tool. After additional discussion, it was agreed that Coordinator Parrish would make the aforementioned changes and present the policy for final consideration at the next Commission meeting. 8. Adjournment There being no further business before the Commission, this meeting of the Economic Development Commission adjourned at 8:50 a.m. Respectfully Submitted, Aaron Parrish Economic Development Coordinator