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Home My WebLink About06-23-1997 EDA 6} 8 3 N Trf, r'>',,<,,i-z,,mw; hg,•.,I.r,,f04s,p.,,,k,',.',goLn,ogq>e..1:..,?.'„iCe;g-r ',,li.,111,' ,,,,,44 a4tipK:r,,,r' r • 044414-4z-fA D'c ' "M4044404 1 i,trIp ..-ky; '414ftgliiiirA.R**WirA444110;d51th' fc, maphIect4e, ,1 4, { 41 NV 'r ?*`f`I''''r s,,-44.r f.,41ckg%'4,411,14 Of C`414 ,0'k's,# ,,,, -v.-›..:i,,.,si„4,ro,„,4,,,r r,A'''. c&P Y riii'' A;y 'Isk:"' k,'?.,.14,fksr,.4,4f,,t. 1 tcffi E.e4-.5,g"•', ,•EE` 1. C! LTO QWE 2. ROLL CALL President McCarty .�...... Vice President Koopmeiners ..,. Secretary Trude ._. �.,.Commuisstone Quick Commissioner Stigney 3. APPROVAL Q 'A64 EDA ACTION: ATT.) Comments: 4. A'PROVAL OF Mfl 1 TES: June 9, 1997 Meeting No. 37 FDA ACTION: A Comments: 5. CONSENT.AGA 6. P7BLIC 118AAINIG No public hearing scheduled for this meeting. 7. EDAJ3 Th E,SS A. .. Consideration of Resolution No. 97-EDA-69, Approving the Contract for Private Development by and between the City of Mounds View, Mounds View Economic Development Authority and V.B. Digs, LLC and authorizing the execution of the agreement by the President and Executive Director. Staff Report No. EDA 97-77C` (StafPresenter: Cathy Bennett, Director of Development) EDA PAGE TWO ' JL1N. 23 1997; ED4 ACTION " Comments R,9p9 IWA_B44rd 911 1. Report ofPressident McCarty. 4" �. 2. Report of Vice President TO. .t)ptneiners , ,, 3; Report of Seciretary'Trude. --':' ' ,''.'''.'','''*''''-',.)-::.:,..'21.2'''''''r i''..,-:..,:''....;'-.'..''''' ' .: . ,'.::..': ::'.l';'.'':::; :°:'-"''.::.:'\. :l'.. ',.' ,:'' :.'; .:„'.-:';.-'';:':.:., ' '.'. ' '. II!1 4. Xie ort of Co sspne rs a. . - Comtssioner,Quick, b.: .Commissioner i t grey. 5 Report.of Clerk Adt )tstratorWhiting: .,, y 6. import of xecut*' Director l inea: ICGer a;7.' Deport o(Treasurer sS . ,, Item No. 7A Staff Report No. EDA-97-TiG Meeting Date 6-23-97 Type of Business EDAB WK: Work Session;PH::Public Hearing; CA:Consent Agenda;EDAB:EDA Business Mounds View Economic Development Authority #off iris ort To: Mounds View Economic Development Authority From: Cathy Bennett, Director of Economic Development Item Title/Subject: Consideration of Resolution Approving a Redevelopment Contract by and between the.Mounds View Economic Development Authority and V.B. Digs and Authorizing the Execution of the Contract by the Executive Director and President Date of Report: June 18, 1997 This item was tabled at the last EDA meeting on June 9th to allow the Council/EDA to review the contract anddiscuss the key points with the Bel-Rae Task Force. 'lave provided a summary report of the Contract which was forwarded to the task force. This item will be discussed in depth at the work session prior to the Council meeting at 5:30. The task force members have been invited. Cathy Be s fe Dir. of Economic Development Recommendation: Staff recommends the approval of the Redevelopment Contact between the EDA and V.B.Digs with authorization for the EDA Executive Director and President to execute the Contract. RESOLUTION NO. 97-EDA (p1 • CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING A CONTRACT FOR PRIVATE REDEVELOPMENT BY "-AND AMONG THE CITY. OF MOUNDS VIEW, THE ` EDA, V.B. DIGS, LLC AND AUTHORIZING THE PRESIDENT AND EXECUTIVE DIRECTOR TO EXECUTE THE CONTRACT AND RELATED DOCUMENTS ON BEHALF OF THE EDA. Section 1. Recitals. 1,01. The Mounds View Economic Development Authority ("EDA") consolidated Development Districts Nos. 1, 2, and 3, pursuant to Minn. Stat, Sections 469.090 through 469.108, control of which was transferred to the EDA by the City of Mounds View ("City"), thereby establi_shing the Mounds View Economic Development Project ("Project"), and adopted a project plan therefor ("Project Plan") 1.02. The City has modified the Project Plan pursuant to Minn. Stat, Sections 469.124 through 469.134 ("Development District Act") and ,Mknn.; Stat, Sections 469.001 to 469.047 ("HRA Act") and to that end has caused to be prepared a document entitled "Modification No. 1 to the Mounds View Economic Development Project" dated April 14, 1997 ("Project Plan Modification"). 1.03. The City has established Tax Increment Financing District No.4("TIF District No. 4") and adopted a Tax Increment Financing Plan("TIF Plan") therefor, pursuant to Minn. Stat., Sections 469.101 through 469.1081 and Minn: Std., Sections 469.174 through 469.179 ("TIF Act"),and to that end has caused to be prepared a document entitled "Tax Increment Financing Plan for Redevelopment Tax Increment Financing District No. 4," dated April 14;1997. 1.04. Among the activities proposed to be assisted by the EDA within the Project and TIF District No. 4 is the redevelopment of the Bel`Rae Ballroom Site ("Be! Rae Site"). 1.05. The EDA desires to provide development assistance for redeveloping the Bel Rae Site by making available certain excess tax increment from the Consolidated Development Districts Nos. 1, 2 and 3 and newly generated tax increment from TIF District No. 4. 1.06. There has been presented before the EDA a form of Contract for Private . Redevelopment ("Contract") by and among the City,v,EDA and V.B. Digs,LLC, a Minnesota limited liability company("V.B. Digs")setting forth the parties' respective responsibilities in the ai proposed redevelopment of the Bel Rae Site. RCL124203 MU205-4 1.07. The EDA has reviewed the Contract and hasdetermined that execution of.the 410 Contract and the EDA's performance of its obligations thereunder are in the'bestinterests of the City and are consistent with the goals and jof the Project Plan and objectivesJ TIP. Plan.:. NOW,THE FORE,BE IT RESOLVED by the Board of Commissioners oftlie Mounds View Economic Development Authority as follows: 1 The Contract, as presented to the EDA, islhereby in all respects approved, subject to any modifications approved by the EDAM 2: The EDA President and.Executive IDirector are hereby authorized to execute the Contract and related documents on behalf of the EDA and to carry out the EDA's obligations thereunder. Adopted by the Board of Commissioners of the Mounds View Economic Development Authority this ,;`day of ; 1997. Duane Mc(arty, President ATTEST: 40 Cutherme-'Bennett, Executive Ducector AC14124203 Mv205 4 UNAPPROVED 1 PROCEEDINGS OF THE MOUNDS VIEW 2 ECONOMIC DEVELOPMENT AUTHORITY 3 4 Meeting No.36 5 June 9; 1997 6 Mounds View.City Hall 7 2401 Hwy. 10,Mounds View MN 55112 8 *********************************************************************************** 9 10 CALL TO QRDER, 11 12 The Economic Development Authority was called to order by President McCarty on June 9, 1997 at 8:41 p.m. 13 14 IWILL,CALL 15 16 MEMBERS PRESENT: Duane McCarty,Julie Trude,Gly Quick,Roger Stigney,Roger Koopmeiners, 17 Director of Economic Development Cathy.Bennett,Clerk Administrator Chuck Whiting,and City Attorney 18 Bob Long 19 20 . OTHERS PRESENT: None 21 22 'APPROVAL OFAQ NDA: 23 24 MOTION/SECOND:. Trude/Quick to Approve the Agenda,as presented. 25 26 VOTE: 5 ayes. 0 nays Motion Carried 27 4 28 APPROVAL OF [1NUTESs 29 30 MOTION/SECOND: TrudeiStigney to approve the minutes of the EDA Meeting on May 12, 1997 as 3.1 presented. 32 33 VOTE: S ayes ` 0 nays Motion Carried 34 35 CONSENT AGENDA: 36 37 There were no items on the Consent Agenda. 38 39 PUBLIC HEARINGS: 40 41 There were no Public Hearings scheduled for this meeting. 42 43 EDA DUSINE,$S: 44 45 A. Consideration of Approving an Agreement with the Fire Department for the Controlled Burning of 46 the house at 8283 Long Lake Road. 47. 48 Ms.Bennett explained'that the city is required to obtain asbestos samples of the home prior to demolition. 49 There was the presence of asbestos in the;floor tile of the home and although it is under the limit for removal 50 prior to demolition,it is over the limit for burning and would require removal. The cost to have the asbestos 51 removed would be such that Ms.Bennett feels the Council should not consider the controlled burning of the 52 w�property and just move forward with demolition. 40 53 Y _, UNAPPROVED 41- EDA Meeting#36 June 9, 1997 Page 2 • 1 B. Consideration of a Resolution Approving a Redevelopment Contract by and between the Mounds 2 View EDA and V.B.Digs,and authorizing the EDA President and Executive Director to execute the . 3 contract on behalf of the Economic Developmentl►uthorit3. 4 5/ This contract will be reviewed in more detail by the commissioners and considered at the next EDA meeting. 6 7 " 8 REPQRT83 9 10 Reitortpf EDA Board Members: 11 12 ltenort of PresidgntMccCarly: No report. 13 14 Report of Vice President Koopmeinerr: No report 15 16 Report of Sec +etary Trude: No report 17 18 Report of Commissioners: 19 20 Commissioner Quick: No report 21 22 Commissioner Stigney: No report. 23 24 . Report ooExecutivp Aire ctor; No report. 25 26 Report Ureasurer: No report. 27 28 Rem 9f Attorney No report. 29 30 President McCarty declared the meeting of the Economic Development Authority adjourned at 8:45 p.m. 31 32 Respectfirily submitted, 33 345;11-1-P6 35 <J2 36 Tamara D.Shilke 37 Recording Secretary 38 39 40 . 41 42 43 44