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HomeMy WebLinkAbout11-13-2007PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting November 13, 2007 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:30 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Vice President Stigney, Commissioner Hull, Commissioner Flaherty, and Commissioner Mueller. NOT PRESENT: President Marty 3. APPROVAL OF AGENDA MOTION/SECOND: Flaherty/Mueller. To Approve the Tuesday, November 13, 2007 Agenda as Presented. Ayes - 4 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES A. July 9, 2007 Minutes Commissioner Flaherty, Page 2, Line 62 and 63 rephrase and clarify his question to the City Attorney. MOTION/SECOND: Mueller/Hull. To Approve the July 9, 2007 Minutes as Amended. Ayes – 4 Nays – 0 Motion carried. B. July 23, 2007 Minutes Commissioner Flaherty, Page 2, Line 84, clarify wording. Sysco lot, the revenue stays with the City. Mounds View EDA November 13, 2007 Regular Meeting Page 2 MOTION/SECOND: Mueller/Flaherty. To Approve the July 23, 2007 Minutes as Presented. Ayes – 4 Nays – 0 Motion carried. 6. CONSENT AGENDA None. 7. EDA BUSINESS A. Consideration of EDA Resolution 07-EDA-237 Approving a Pre- Development Agreement With Master Development Relating to the Premium Stop Property Interim Executive Director Ericson provided a review of the Pre-Development Agreement with Master Development for the Premium Stop location. This Agreement would provide Master Development with exclusive development rights for this property. Mr. Tobin has been in discussions with the property owners for the Roberts site and there is a possibility that Master Development could be dealing with the future property owner for that site. There have also been discussion with the Sushi Bar and that owner is willing to consider working with the City and Master Development on redevelopment of the site. Interim Executive Director Ericson explained that if the Roberts site is not acquired there is a concern that the agreement may not be fulfilled. The City Attorney has recommended no changes to the Agreement and noted that the intent was not to obligate Master Development and require them to acquire the other two properties but recommend that the City would like to have those properties involved in the redevelopment of the Premium Stop site. Commissioner Mueller asked whether it would be prudent for the City to seek further interest in the project and submit requests for other developers since this was the only proposal received. Interim Executive Director Ericson explained that Staff feels confident in the abilities of Master Development and feels that their proposal would stand on its own merits. He then recommended moving forward with the agreement noting that the duration of the contract was just six months. Commissioner Flaherty indicated that he would like to move forward with this as it is time to get this site redeveloped. Commissioner Hull asked for clarification on Items A and B. Interim Executive Director Ericson read Items A and B and provided an explanation. Mounds View EDA November 13, 2007 Regular Meeting Page 3 Vice President Stigney said that in one of the whereas clauses, item iii, intent to acquire neighboring property identified as Roberts Sports Bar, his question would be that it seems to be contingent upon proceeding with Roberts but the RFQ was for perhaps Roberts, but the shorter term was Concept B which did not include Roberts. Mr. Tobin explained that the expectation is that they responded to the RFQ and would like to put together an RFQ for the Premium Stop site, but would like to include the other site, if possible. Interim Executive Director Ericson said that he feels that the interaction between the City and Master Development is that they are proceeding with or without the Roberts site so he feels comfortable with the language as written. Vice President Stigney asked that the Resolution be amended to be consistent with the title of the document. Commissioner Mueller indicated that she would like to see the multiple housing owned, and not rental. Interim Executive Director Ericson asked how the Authority would feel if the apartments were for senior rentals. Mr. Tobin indicated that financing is easier to obtain for rental building in today’s real estate market. MOTION/SECOND: Flaherty/Mueller. To Waive the Reading and Approve Resolution EDA- 237 Approving a Pre-Development Agreement With Master Development Relating to the Premium Stop Property. Ayes – 4 Nays – 0 Motion carried. Vice President Stigney indicated that there is concern about rental properties, and asked the developer to work with the City on the redevelopment plans. 8. REPORTS 9. NEXT EDA MEETING: Monday, November 26, 2007 at 6:30 p.m. 10. ADJOURNMENT Vice President Stigney adjourned the meeting at 7:03 p.m. Respectfully submitted, Recorded and transcribed by: Joan Lenzmeier, Recording Clerk Mounds View EDA November 13, 2007 Regular Meeting Page 4 TimeSaver Off Site Secretarial, Inc.