HomeMy WebLinkAbout03-25-1999
Minutes of the Economic Development Commission
City of Mounds View
Ramsey County, Minnesota
Regular Meeting
March 25, 1999
City of Mounds View, Conference Room C
2401 Highway 10, Mounds View, MN 55112
1. CALL TO ORDER:
The meeting was called to order at 7:40 a.m. by Chairperson Cindy Carlson.
2. ROLL CALL:
Members present: Cindy Carlson, Tom Field (arrived approx. 8 a.m.), Sean Walther,
Julie Olsen, Jerold Kahn
Members absent: Wendy Marty, Rosemary Goff, EDA Liaison Lynn Thomason
Staff present: Economic Development Coordinator Kevin Carroll, Community
Development Director Rick Jopke
Guest present: Carol Frey, President, New Brighton-Mounds View Chamber of
Commerce
3. APPROVAL OF MINUTES:
Motion/Second: Walther/Olsen to approve the minutes from February 25, 1999.
Motion Carried 4 Ayes 0 Nays
[Commissioner Field had not yet arrived at the time of the vote.]
4. SPECIAL BUSINESS
Kevin Carroll introduced Carol Frey, President of the New Brighton-Mounds View
Chamber of Commerce. Ms. Frey commented on her ongoing interest in being
apprised of important developments and initiatives in Mounds View and New
Brighton, particularly with respect to those related to the business community.
Kevin Carroll distributed and briefly explained information (from the 1999 Publicorp
Tax Increment Seminar) regarding the Minnesota Property Tax Abatement Program.
The Commissioners agreed to give consideration to tax abatement as a potential
economic development tool.
5. EDC BUSINESS
A. Building and Development Assistance Agreement
Community Development Director Rick Jopke provided the EDC with background
information regarding the history of the Building ΑN≅ matter, including a review
of the Development Assistance Agreement that was distributed to the EDC
members at the 3-23-99 EDC meeting. Mr. Jopke also distributed and discussed a
TIF worksheet that reflected projections regarding the principal and interest
portions of TIF payments that would be made (under certain assumed facts)
pursuant to the proposed Agreement.
EDC Commissioners asked questions regarding the total amount of TIF assistance,
the length of time over which TIF payments would be made, the significance of the
specified interest rate, development costs that would be either eligible or ineligible
for reimbursement, the basis for the figure that was used for land value, and various
other aspects of the proposed Agreement. At the conclusion of the discussion, it was
agreed that Mr. Jopke would prepare a summary of the Commissioner’s comments,
which would be reviewed (by Chair Cindy Carlson) for accuracy and then forwarded
to the EDA for its review. [A copy of that summary has been attached hereto for
reference.
B. Comprehensive Guide Plan -- Economic Development Section
Economic Development Coordinator Kevin Carroll indicated that work was still in
progress regarding the comments and input that the EDC members had provided
during the 3-23-99 EDC meeting. Another revised draft of the of the Economic
Development section of the Comprehensive Guide Plan update will be reviewed at
the next EDC meeting.
6. ADJOURNMENT
There being no further business before the Commission, this meeting of the
Economic Development Commission adjourned at approximately 8:58 a.m.
Respectfully Submitted,
Kevin Carroll
Economic Development Coordinator