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HomeMy WebLinkAbout12-08-2008PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting December 8, 2008 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 6:03 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Hull, Commissioner Mueller, Commissioner Flaherty, and Executive Director Ericson. NOT PRESENT: None. 3. APPROVAL OF AGENDA MOTION/SECOND: Mueller/Hull. To Approve the Monday, December 8, 2008 Agenda as Presented. Ayes - 5 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES A. July 14, 2008 EDA Minutes MOTION/SECOND: Mueller/Flaherty. To Approve the July 14, 2008 EDA Minutes as Presented. Ayes – 5 Nays – 0 Motion carried. B. September 22, 2008 EDA Minutes President Marty, Page 2, move Line 55 ahead of Line 53. MOTION/SECOND: Marty/Mueller. To Approve the September 22, 2008 EDA Minutes as Amended. Mounds View EDA December 8, 2008 Regular Meeting Page 2 Ayes – 5 Nays – 0 Motion carried. C. October 27, 2008 EDA Minutes President Marty inserted two commas. MOTION/SECOND: Flaherty/Mueller. To Approve the October 27, 2008 EDA Minutes as Amended. Ayes – 5 Nays – 0 Motion carried. 6. CONSENT AGENDA None. 7. EDA BUSINESS A. Resolution 08-EDA-249 Authorizing a Modification of the Project Plan for the Mounds View Economic Development Project Economic Development Specialist Steinmetz provided an overview of the Resolution modifying the Project Plan for the Mounds View Economic Development Project. The EDA and Staff discussed the pros and cons of being added to the list of eligible properties. Commissioner Flaherty asked whether this would set a precedent to add another, anytime someone asks to be added. City Attorney Riggs indicated that it is good policy to update the list from time to time. Commissioner Mueller asked if the City updates the list from time to time if that would avoid the issue of setting precedence. City Attorney Riggs agreed that there would not be an issue with setting precedence. The EDA and Staff discussed valuation due to the changes in today’s market. President Marty noted that there have not been any applicants for the housing replacement program in recent years. MOTION/SECOND: Marty/Mueller. To Approve Resolution 08-EDA-249 Authorizing a Modification of the Project Plan for the Mounds View Economic Development Project. Mounds View EDA December 8, 2008 Regular Meeting Page 3 Vice President Stigney said that it looks like to him that someone wants to get in on this program and they are not on the list. He really thinks that this policy should not be for buying existing homes but helping someone else that purchases a home to assist with demolition. President Marty indicated that the City did buy properties in the past and attempted to rent them out and that program did not work well at all. This program would be to purchase them to demolish them. Vice President Stigney said that the limited funds the City has should not be used for this. He then said that he would like to limit this to demolition assistance with a new buyer not the City buying. Ayes – 2 Nays – 3(Mueller/Stigney/Flaherty) Motion failed. B. Resolution 08-EDA-250 Authorizing the Expenditure of Tax Increment Financing Funds for the Appraisal of 5066 Irondale Road (For Consideration of Purchase under the EDA’s Housing Replacement Program). Staff noted that this application was submitted based upon a program that the City has and the residents did apply. Since there was no approval of Item A just now, then this item does not need discussion. Clerk Administrator Ericson would like the authority to take action on the Resolution to provide closure to the application submitted to the City. MOTION/SECOND: Marty/Mueller. To Approve Resolution 08-EDA-250 Authorizing the Expenditure of Tax Increment Financing Funds for the Appraisal of 5066 Irondale Road. Vice President Stigney commented that it would be inappropriate to approve this motion as there cannot be an expenditure of TIF funds for purchase of this property. Ayes – 0 Nays – 5 Motion failed. President Marty recessed the meeting until after the City Council meeting. Mr. Winiecki asked if the City is in the real estate business. President Marty clarified that the motion to acquire the property failed. The EDA reconvened at 9:10 p.m. C. Discuss Redevelopment of County Road 10 & Corner of Woodale Drive Mounds View EDA December 8, 2008 Regular Meeting Page 4 Economic Development Specialist Steinmetz provided an overview of the proposal to redevelop the County Road 10/Woodale Drive corner. There is a $1,000,000 gap in financing due to demolition and site preparation costs that the developer would like to discuss with the City. Commissioner Mueller said she would like to explore destination locations or sit down restaurants and would not want to go with office buildings or townhomes as recommended in the previous plan. Commissioner Flaherty agreed and said that office buildings and townhomes are no longer viable in this type of market. He then said that he would listen to any offer and would be interested in assisting but would not be in favor of a TIF district. Commissioner Hull asked if this corridor would redevelop without City assistance. Economic Development Specialist Steinmetz indicated that the gap is too large and it would not develop without assistance of some sort. Commissioner Hull indicated he would like to discuss this with the developer, as once redeveloped the site value would be $7,000,000 as opposed to the existing $1,000,000. Vice President Stigney said that he feels that this is the time for developers to purchase properties because the prices are down and he would like to have the developers use their own money for these developments and not use City assistance. He then said that he is not interested in a Tires Plus store or any fast food restaurants. Vice President Stigney indicated that he would like to know what the gap is before he agrees to negotiate and he would like to know what stores would be on the list before he begins to negotiate. Finance Director Beer clarified that several of the parcels are in a TIF district and would only generate additional increment for three years. President Marty indicated he would like to see the City bring the developer in to negotiate with him. He then said that, in the past, the City has helped with demolition costs and with ponding. 8. REPORTS Community Development Director Roberts noted that in reference to the branding project, there were 93 online surveys completed for a total of 667 surveys returned for the image survey conducted by Risdall Marketing Group. Mounds View EDA December 8, 2008 Regular Meeting Page 5 9. NEXT EDA MEETING: Monday, January 12, 2009 at 6:30 p.m. 10. ADJOURNMENT President Marty adjourned the meeting at 9:42 p.m. Respectfully submitted, Recorded and transcribed by: Joan Lenzmeier, Recording Clerk TimeSaver Off Site Secretarial, Inc.