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PROCEEDINGS OF THE MOUNDS VIEW
ECONOMIC DEVELOPMENT AUTHORITY
Meeting No.44
October 13, 1997
Mounds View City Hall
2401 Hwy. 10,Mounds View MN 55112
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CALL TO ORDER
The Economic Development Authority was called to order by President McCarty at 9:05 p.m.on September 8,
1997.
ROLL CALL
MEMBERS PRESENT: Duane McCarty,Gary Quick,Roger Stigney,Roger Koopmeiners,Executive
Director Cathy Bennett, Clerk Administrator Chuck Whiting, and City Attorney Bob Long.
OTHERS PRESENT: None
APPROVAL OF AGENDA:
MOTION/SECOND: Koopmeiners/Quick to approve the Agenda as presented.
VOTE: 4 ayes 0 nays Motion Carried
• APPROVAL OF MINUTES:
September 8,1997 EDA Meeting Minutes:
Ms.Bennett noted a correction to the September 8, 1997 EDA Minutes. Page 2,Line 3 should be changed to
read"willing to fund 50%. . ."
MOTION/SECOND:Koopmeiners/Quick to approve the minutes of the September 8, 1997 meeting AS
AMENDED>
=ET : 4 ayes 0 nays Motion Carried
CONSENT AGENDA:
None
PUBLIC HEARINGS:
None
EDA BUSINESS:
A. Removal of Resolution No.97-EDA-70C from the Table.
• MOTION/SECOND: Quick/Koopmeiners to remove Resolution No. 97-EDA-70C from the Table.
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October 13, 1997
Page 2
B. Consideration of Resolution No.97-EDA-70C,Appointing Economic Development Commission
Members to Fill Vacancies.
MOTION/SECOND: McCarty/Koopmeiners to appoint Thomas Feels to the Economic Development
Commission with a term expiring December 31, 1998.
VOTE: 4 ayes 0 nays Motion Carried
Resolution No.97-EDA-76
MOTION/SECOND: McCarty/Koopmeiners to appoint Steven Larson to the Economic Development
Commission with a term expiring December 31, 1997.
VOTE: 3 ayes 1 nay(Quick) Motion Carried
C. Consideration of Approval of Resolution No.97-EDA-75C for a Participation Agreement with
Preferred Builders in Consideration of the Sale of 8265 Spring Lake Road.
Ms.Bennett explained that in August the EDA approved Resolution No. 97-EDA-73 which approved a
Participation Agreement with Loren Hansen Construction for the property. After further thought,Loren did not
sign the agreement and withdrew his interest in the property so the city once again opened offers on the lot
accepting offers until October 7, 1997. One offer was received from Preferred Builders in the amount of
$28,000. Preferred Builders is proposing to build a three bedroom modified two story single family home
with a three car garage and two full baths with an estimated market value of$145,000. However since
Preferred Builders do not have a buyer identified for the home at this time,the EDA must waive the
requirement for a buyer/builder team that is stated as part of the Housing Replacement Program.
Mr. Stigney noted that this property has not been solicited to other people without the restraint and he feels this
should be done to see if there is any other interested parties. Ms.Bennett noted that she did
talk with several others who did not have a buyer but told them that she would be happy to accept other offers,
but they did not provide an offer. However,it was felt that the requirement may have deterred others from
submitting one,and therefore all of the companies Ms.Bennett originally contacted should be re-contacted to
see if they may now wish to submit an offer.
MOTION/SECOND: Koopmeiners/Stigney to postpone Consideration of Resolution No. 97-EDA-75C until
the next EDA Meeting and have Ms.Bennett contact the companies previously contacted to give them another
opportunity to submit an offer without the restraints.
VOTE: 4 ayes 0 nays Motion Carried
D. Consideration of Resolution No.97-EDA-74C,Approving a Purchase Agreement with Meridian
Properties Real Estate Development Limited Partnership for the sale of 2624 Highway 10.
Ms.Bennett explained that she was presented with a proposal from Meridian Properties Real Estate
Development Limited Partnership DBA Told Development to purchase EDA land located at 2625 Highway
10. Told Development is proposing to purchase the property for$125,000 with$10,000 earnest money as a
• deposit. The agreement contains a review date of 180 days to enable Told Development to go through the City
process for zoning change,revision to the comprehensive plan,vacation of public street,major subdivision and
development review. In addition,Told Development will have the option to extend the review date for two
• EDA Meeting#44
October 13, 1997
Page 3
consecutive periods of 90 days each with the deposit of$5,000 for each extension of which the second 90 day
deposit of$5,000 is non-refundable. The agreement adds a provision that if the buyer terminates the
agreement by reason of any of the contingencies,the EDA would be eligible to collect out-of-pocket expenses
for the transaction relating to the sale. A public hearing on the sale of this land will be held sometime within
the 180 day review period. An attorney with Kennedy and Graven has reviewed the agreement and found it
acceptable. Ms.Bennett noted that the agreement contains language which would prohibit certain types of •
adult oriented businesses.
Mayor McCarty noted that the city cannot guarantee that they will have the necessary zoning changes,
comprehensive plan changes,etc.in place one year from now and he wondered what the ramifications would
be.
Mr. Cunningham of Told Development stated he feels the proposed development will fit well in the community
and does not feel the use will be controversial. He noted that they will be arranging a neighborhood meeting
on October 22, 1997 to obtain neighborhood involvement.
Mr.Long explained that the agreement contains a condition whereby if they are unable to get approval,they
would be allowed to get out of the purchase agreement without any liability to the city.
MOTION/SECOND: Stigney/Koopmeiners to Approve Resolution No.97-EDA-74C Approving a Purchase
111111Agreement with Meridian Properties Real Estate Development Limited Partnership for the sale of 2625
Highway 10.
VOTE: 4 ayes 0 nays Motion Carried
E. Removal of Resolution No.97-EDA-67 from Table.
Ms.Bennett explained that this item was tabled at the August 25, 1997 EDA meeting to bring back a
resolution on the Park Dedication Fee for consideration.
MOTION/SECOND: Koopmeiners/Quick to removed Resolution No. 97-EDA-67 from the Table.
VOTE: 4 ayes 0 nays Motion Carried
F. Consideration of Resolution No.97-EDA-67,Approving and Authorizing a Development Assistance
Agreement by and between the Mounds View Economic Development Authority and the Everest
Group.
Ms.Bennett noted that a resolution has been obtained in regard to the Park Dedication Fee for this
development. The terms require that the Everest Group make a payment of$56,771 to the City of Mounds
View for Park Dedication Fees prior to execution of the agreement.
MOTION/SECOND: Koopmeiners/Quick to approve Resolution No.97-EDA-67,Approving and
Authorizing a Development Assistance Agreement by and between the Mounds View Economic Development
Authority and the Everest Group.
. VOTE: 4 ayes 0 nays Motion Carried
EDA Meeting#44
• October 13, 1997
Page 4
G. Consideration of Authorizing the Execution of a Negotiating Agreement by and between the
Mounds View Economic Development Authority,the City of Mounds View and Anthony Properties.
MOTION/SECOND: Quick/Koopmeiners to approve the Execution of a Negotiations Agreement by and
between the Mounds View Economic Development Authority,the City of Mounds View and Anthony
Properties.
VOTE: 3 ayes 1 nay(Stigney) Motion Carried
Mr. Stigney noted that he voted against this as he feels strongly that residents should be involved before acting
on any agreement.
8. REPORTS:
Report of EDA Board Members:
Report of President McCarty: No report.
Report of Vice President Koopmeiners: No report.
Report of Commissioners:
• Commissioner Quick: No report.
Commissioner Stigney: No report.
Report of Executive Director: No report.
Report of Treasurer: No report.
Report of Attorney: No report.
The October 13. 1997 meeting of the EDA was adjourned at 9:45 p.m.
Respectfully submitted,
Tamara D. Saefke
Recording Secretary
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