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HomeMy WebLinkAbout05-22-2017PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting May 22, 2017 Mounds View City Hall 2401 County Road 10, Mounds View, MN 55112 1. CALL MEETING TO ORDER President Mueller called the meeting to order at 6:52 p.m. 2. ROLL CALL: President Mueller, Vice President Gunn, Commissioner Bergeron Commissioner Meehlhause, and Executive Director Ericson. NOT PRESENT: Commissioner Hull. 3. APPROVAL OF AGENDA MOTION/SECOND: Gunn/Meehlhause. To Approve the May 22, 2017, Agenda as presented. Ayes – 4 Nays – 0 Motion carried. 4. PUBLIC INPUT None. 5. APPROVAL OF MINUTES None. 6. CONSENT AGENDA None. 7. EDA BUSINESS A. Resolution 17-EDA-300, MWF Properties Purchase Option Agreement of Tax Forfeited Parcels Executive Director Ericson requested the EDA consider MWF Properties Purchase Option Agreement for the purchase of tax forfeited parcels. He explained MWF Properties was proposing to construct a 60-unit workforce housing apartment complex and was seeking tax Mounds View EDA May 22, 2017 Regular Meeting Page 2 credits through the Minnesota Housing Agency. He noted two of the parcels were tax forfeited. He explained the City Attorney had reviewed the Purchase Option Agreement. Staff provided the EDA with the most recent document. City Attorney Riggs reviewed the Purchase Option Agreement in further detail with the EDA and explained the agreement would allow the City to have site control. He summarized the changes that were made to the agreement and recommended approval. President Mueller questioned what would happen if the purchaser did not agree to the new dates. City Attorney Riggs described how the Purchase Option Agreement would work between the City, County and developer in order to allow for the project to move forward. President Mueller asked if the developer could buy the property and not move forward with the project. City Attorney Riggs stated this was a possibility, which was the reason the Purchase Option Agreement was being put in place with a specific project timeline. Further discussion ensued regarding the terms within the Purchase Option Agreement. MOTION/SECOND: Gunn/Meehlhause. To Waive the Reading and Adopt Resolution 17- EDA-300, MWF Properties Purchase Option Agreement of Tax Forfeited Parcels as revised. President Mueller understood this agreement was one step in many steps that will have to occur in order for this development to be completed. Chris Stokka, MWF Properties, asked if the July dates could be amended. City Attorney Riggs commented this date did have latitude. President Mueller questioned when MWF Properties would learn if they had received housing credits from the State. Mr. Stokka reported he would learn more about this in October or November. President Mueller inquired when the traffic study would be completed. Mr. Stokka indicated the traffic study would be completed the first week of June. Ayes – 4 Nays – 0 Motion carried. 8. REPORTS None. 9. NEXT EDA MEETING: Monday, June 12, 2017 Mounds View EDA May 22, 2017 Regular Meeting Page 3 10. ADJOURNMENT President Mueller adjourned the meeting at 7:16 p.m. Respectfully submitted, Recorded and transcribed by: Heidi Guenther TimeSaver Off Site Secretarial, Inc.