HomeMy WebLinkAbout03-12-2018PROCEEDINGS OF THE MOUNDS VIEW EDA
CITY OF MOUNDS VIEW
RAMSEY COUNTY, MINNESOTA
Regular Meeting
March 12, 2018
Mounds View City Hall
2401 County Road 10, Mounds View, MN 55112
1. CALL MEETING TO ORDER
President Mueller called the meeting to order at 6:09 p.m.
2. ROLL CALL: President Mueller, Vice President Gunn, Commissioner Bergeron
Commissioner Hull, Commissioner Meehlhause, Finance Director Beer, and Executive
Director Zikmund
NOT PRESENT: None.
3. APPROVAL OF AGENDA
MOTION/SECOND: Gunn/Hull. To Approve the March 12, 2018, Agenda as presented.
Ayes – 5 Nays – 0 Motion carried.
4. PUBLIC INPUT
None.
5. APPROVAL OF MINUTES
None.
6. CONSENT AGENDA
None.
7. EDA BUSINESS
A. 18-EDA-308 a Resolution Adopting a Modification to the Redevelopment
Project Plan for the Mounds View EDA Project and the Establishment of
Tax Increment Financing District No. 1-6 Therein and Adopting a Tax
Increment Financing Plan.
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Regular Meeting Page 2
Business Development Coordinator Beeman requested the Authority adopt a Resolution
modifying the Redevelopment Project Plan for the Mounds View EDA project and the
establishment of Tax Increment Financing District No. 1-6. He reported this action would create
a TIF District for the Boulevard housing project.
James Lehnhoff, Ehlers & Associates, provided the EDA with a brief presentation on the
proposed TIF plan to create TIF District 1-6, which was for a housing district. It was noted the
maximum TIF term would be 26 years. He reported the proposed TIF plan was reviewed by staff
and the City Attorney. He recommended approval of the proposed Resolution.
President Mueller clarified the TIF District would be for 15 years and not 26 years. Lehnhoff
explained that housing districts can be set up for 26 years. He added that Council action to
determine the approved TIF amount and term will not be considered for approximately another
month or so.
MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 18-
EDA-308, a Resolution Adopting a Modification to the Redevelopment Project Plan for the
Mounds View EDA Project and the Establishment of Tax Increment Financing District No. 1-6
Therein and Adopting a Tax Increment Financing Plan.
Commissioner Meehlhause requested staff correct the Resolution to reflect it as being named 18-
EDA-308.
Ayes – 5 Nays – 0 Motion carried.
B. 18-EDA-309, a Resolution Authorizing Interfund Loan for Advance of
Certain Costs in Connection with Tax Increment Financing District No. 1-6
(A Housing District).
Business Development Coordinator Beeman requested the Authority authorize an interfund loan
for the advance of certain costs in connection with Tax Increment Financing District No. 1-6. He
noted the amount that could be advanced was up to $30,000.
James Lehnhoff, Ehlers & Associates, explained this Resolution would allow the City to be
reimbursed for any administrative costs incurred through increment created by this TIF District.
MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 18-
EDA-309, a Resolution Authorizing Interfund Loan for Advance of Certain Costs in Connection
with Tax Increment Financing District No. 1-6 (A Housing District).
Commissioner Meehlhause stated he spoke to the Finance Director regarding this matter and
noted the City did not anticipate the need for an interfund loan, but this Resolution would allow
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Regular Meeting Page 3
the City to make a payment if the need were to arise.
Ayes – 5 Nays – 0 Motion carried.
8. REPORTS
Commissioner Meehlhause stated the North Suburban Business Council would be meeting on
Wednesday, March 14th at 7:30 a.m. at the Mermaid.
9. NEXT EDA MEETING: Monday, March 26, 2018 at 6:00 p.m.
10. ADJOURNMENT
President Mueller adjourned the meeting at 6:24 p.m.
Respectfully submitted,
Recorded and transcribed by:
Heidi Guenther
TimeSaver Off Site Secretarial, Inc.