HomeMy WebLinkAbout06-27-1994 UNAPPROVED
• PROCEEDINGS OF THE MOUNDS VIEW
ECONOMIC DEVELOPMENT AUTHORITY
Regular Meeting
June 27, 1994
Mounds View City Hall
2401 Hwy. 10, Mounds View, MN 55112
CALL TO ORDER
The Economic Development Authority was called to order by President Linke
on June 27, 1994 at 9 :21 p.m.
ROLL CALL
MEMBERS PRESENT: President, Jerry Linke; Vice President, Phyllis
Blanchard; Secretary, Diane Wuori; Commissioners Gary Quick and Julie
Trude; Executive Director, Samantha Orduno; and Clerk, Michele Severson
MEMBERS ABSENT: None
APPROVAL OF AGENDA:
4111 MOTION/SECOND: Blanchard/Quick to Approve EDA Agenda
VOTE: 5 ayes 0 nays Motion Carried
APPROVAL OF MINUTES:
MOTION/SECOND: Quick/Wuori to Approve Minutes of EDA Meeting,
June 13 , 1994 As Amended
VOTE: 5 ayes 0 nays Motion Carried
CONSENT AGENDA:
There were no Consent Agenda items for this agenda.
PUBLIC HEARING
There were no public hearings scheduled for this meeting.
EDA BUSINESS
A. Consideration of Resolution No. 94-EDA10 Approving and Authorizing
the Execution of a Revised Development Agreement with the Everest
Group Ltd. , Regarding Multi-Tech Expansion
Samantha Orduno, Executive Director, reported that the revisions to
4111
the previous Development Agreement were a change in square footage
from 279 , 409 to 507 , 316 . As a result of the entire purchase,
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Regular Meeting June 27,
there is no reason for replattng or subdivision of the property,
therefore, no park dedication fees are required until such time as
Multi-Tech determines to plat the property. The contingency with
regards to the park dedication fees has been resolved with the
purchase of the entire parcel and this would nullify the previous
draft with the approval of the draft of 6-15-94 .
MOTION/SECOND: Blanchard/Quick to Approve Revised Development
Agreement with everest Development, Ltd. , Regarding Multi-Tech Dated
6-15-94
VOTE: 5 ayes 0 nays Motion Carried
B. Consideration of EDA Resolution No. 94-EDA 11 Approving and
Authorizing the Execution of a Revised Development Agreement with
the Everest Group, Ltd. Regarding C. G. Hill & Sons, Inc.
Samantha Orduno, Executive Director, listed the revisions to the
Development Agreement. Those revisions were, definition for C. G.
Hill is confirmed as C. G. Hill & Sons, Inc. , a Minnesota
corporation; the development agreement now specifies that C. G. Hill
will own the property and will occupy the improvement at the time of
the Authority's execution of the Certificate of Completion. Orduno
also reported that Everest has agreed to pay Park Dedication fees
the full amount for the 2 . 64 acres that will be developed for the
G. Hill proejct based upon appraisal conducted by McKinsie Metro
Appraisal dated May 23 , 1994 . Park Dedication fees for the
additional subdivision will be paid based upon the fair market value
at the time the property is developed. Orduno further reported that
according to Paul Harrington, Community Development Coordinator, the
agreement to pay the park dedication fees by Everest has been
reviewed by Jim Thomson, City Attorney, and was deemed fair and
equitable. Orduno stated that the agreement is still contingent
upon payment in full of the Park Dedication fees in an amount
acceptable by the City. All other conditions of the development
agreement remain the same as presented in the previous draft. :The
approval of the 6-15-94 draft would nullify the May 23 , 1994 draft.
MOTION/SECOND: Blanchard/Trude to Adopt Resolution No. 94-EDA11
Approving and Authorizing the Execution of a Revised Development
Agreement with the Everest Group, Ltd. , Regarding C. G. Hill and
Sons, Inc.
VOTE: 5 ayes 0 nays Motion Carried
REPORTS
1. Report of President Linke: No report.
2 . Report of Vice President Blanchard: No report. 4111
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Regular Meeting June 27, 1994
3 . Report of Secretary Wuori: No report.
4 . a. Report of Commissioner Quick: No report.
b. Report of Commissioner Trude: No report.
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5. Report of Executive Director Orduno: Orduno reported that for the
North Metro Business and Retention Development Commission Cathy
Bennett will be on the working committee and Orduno would be on the
Partnership Executive Committee.
6. Report of Treasurer Brager: Not in attendance.
7 . Report of Attorney: Not in attendance.
ADJOURNMENT
There being no further business before this EDA, President Linke
adjourned the meeting at 9: 35 p.m.
1111 Respectfully submitted,
Michele Severson
Clerk
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