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HomeMy WebLinkAbout01-11-2010 CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA MOUNDS VIEW CITY HALL Monday, January 11, 2010 6:30 PM 1. CALL TO ORDER 2. ROLL CALL: President Flaherty, Vice President Stigney, Commissioner Hull, Commissioner Mueller, Commissioner Gunn 3. APPROVAL OF AGENDA 4. PUBLIC INPUT: Citizens may speak to issues not on tonight’s agenda. Before speaking, please give your full name and address for the minutes. Also, please limit your comments to three minutes. 5. APPROVAL OF MINUTES: A. December 14, 2009, EDA Minutes. 6. CONSENT AGENDA 7. EDA BUSINESS A. Resolution 10-EDA-257 Approving Revised Mounds View EDA Bylaws B. Resolution 10-EDA-258 Electing & Appointing 2010 Officers to the Mounds View EDA 8. REPORTS 9. NEXT EDA MEETING: Monday, January 25, 2010 10. ADJOURNMENT Reviewed/Revised by Mayor Flaherty, Councilmember Gunn, Councilmember Mueller, Clerk-Administrator Ericson,, Asst, City Clerk-Administrator Crane, Economic Development Specialist Steinmetz PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 December 14, 2009 6 Mounds View City Hall 7 2401 Highway 10, Mounds View, MN 55112 8 6:30 P.M. 9 10 11 1. CALL MEETING TO ORDER 12 13 2. ROLL CALL: President Flaherty, Vice President Stigney, Commissioner Hull, 14 Commissioner Mueller, Commissioner Gunn, Executive Director Ericson, Finance 15 Director Beer, and Assistant Clerk-Administrator Crane. 16 17 NOT PRESENT: None. 18 19 3. APPROVAL OF AGENDA 20 21 MOTION/SECOND: Mueller/Hull. To Approve the December 14, 2009, Agenda as presented. 22 23 Ayes – 5 Nays – 0 Motion carried. 24 25 4. PUBLIC INPUT 26 27 None. 28 29 5. APPROVAL OF MINUTES 30 A. September 28, 2009, EDA Minutes. 31 32 MOTION/SECOND: Mueller/Stigney. To approve the September 28, 2009, minutes correcting 33 Page 4, Line 147, to indicate: “logo in the Council Chambers should move forward” and Page 5, 34 Line 182, to remove the letter “i”: noting that i many…” 35 36 Ayes – 5 Nays – 0 Motion carried. 37 38 B. October 12, 2009, EDA Minutes. 39 40 MOTION/SECOND: Gunn/Stigney. To Approve the October 12, 2009, Minutes as presented. 41 42 Ayes – 5 Nays – 0 Motion carried. 43 Mounds View EDA December 14, 2009 Regular Meeting Page 2 44 6. CONSENT AGENDA 45 46 None. 47 48 7. EDA BUSINESS 49 A. Resolution 09-EDA-255, Authorizing the Redemption and Prepayment of the 50 Authority’s Taxable Tax Increment Revenue Bonds, Series 2001. 51 52 Finance Director Beer explained that Tax Increment Revenue Bonds, series 2001, were issued by 53 the EDA on behalf of Mounds Vista (The Mermaid) to construct a hotel and other improvements 54 around the bowling and entertainment complex. These bonds were eligible to be called on 55 August 1, 2008, but at that time, the hotel was eligible for sale so it was not considered. That 56 sale is now completed. The outstanding balance to be called is $345,000 and given the fact the 57 bonds pay 7.5% interest, there is an opportunity to save about $38,000 if the bonds are called and 58 retired early. Staff recommends approval of the resolution. 59 60 Commissioner Mueller thanked Finance Director Beer for his report and noted it indicates that in 61 addition to saving almost $38,000, the City has sufficient TIF resources to facilitate the 62 premature call of the bonds and not negatively impact the financing of the street projects. She 63 commented that Finance Director Beer has shown great resourcefulness to find ways for the City 64 to be more fiscally responsible. 65 66 MOTION/SECOND: Mueller/Stigney. To Waive the Reading and Adopt Resolution 09-EDA-67 255, Authorizing the Redemption and Prepayment of the Authority’s Taxable Tax Increment 68 Revenue Bonds, Series 2001. 69 70 President Flaherty concurred with Commissioner Mueller’s comments and asked when this 71 District was originally scheduled to be closed. Finance Director Beer advised this TIF District 72 will decertify in December of 2013. 73 74 Ayes – 5 Nays – 0 Motion carried. 75 76 B. Resolution 09-EDA-256, Appointing Members to the Economic Development 77 Commission (EDC). 78 79 Assistant Clerk-Administrator Crane advised there are three open EDC seats with terms that 80 expire December 31, 2009. The EDC met on November 20, 2009 to consider the five 81 applications and recommends the reappointment of Jason Helgemoe, Gary Meehlhause, and 82 Torri Johnson. 83 84 MOTION/SECOND: Gunn/Hull. To Waive the Reading and Adopt Resolution 09-EDA-256, 85 Mounds View EDA December 14, 2009 Regular Meeting Page 3 Appointing Members to the Economic Development Commission (EDC). 86 87 Commissioner Mueller asked staff to contact the other two applicants to see if they are willing to 88 serve on another commission. Assistant Clerk-Administrator Crane advised that one applicant is 89 being recommended for appointment to the Planning Commission and the other can be contacted. 90 91 President Flaherty noted the person recommended for reappointment as the resident member 92 already serves on the Planning Commission. Economic Development Specialist Steinmetz stated 93 she had asked whether the other applicant was interested in serving on the Charter Commission 94 and she will follow up with both applicants after tonight’s meeting. President Flaherty stated his 95 preference to have more people engaged in appointments and while he understands the EDC 96 recommendation, he is looking at the larger picture. Economic Development Specialist Steinmetz 97 stated from her observation, this person prefers serving on the EDC over the Planning 98 Commission but would understand the President’s desire to give other applicants a chance. 99 100 AMENDMENT MOTION: Flaherty/. To amend the motion to appoint Andrew Johnson as the 101 EDC resident member. Motion failed for lack of a second. 102 103 Vice President Stigney stated he understands the concern and perhaps the City should have a 104 policy in how to deal with multiple seats. President Flaherty concurred with this suggestion. 105 106 Ayes – 4 Nays – 1 (Flaherty) Motion carried. 107 108 8. REPORTS 109 A. Announce Cancellation of the December 28, 2009, EDA Meeting. 110 111 President Flaherty noted the December 28, 2009, EDA meeting would be canceled. 112 113 In response to Commissioner Mueller’s request, Economic Development Specialist Steinmetz 114 reported on the grand openings that she and Executive Director Ericson attended for Ultra Tan 115 and Right Fit Running. She advised that one more new business is coming in a few months and 116 after that, Mounds View Square will be full. President Flaherty agreed that Mounds View 117 Square has made great strides in the past several years. 118 119 9. NEXT EDA MEETING: Monday, January 11, 2010, at 6:30 p.m. 120 121 10. ADJOURNMENT 122 123 President Flaherty adjourned the meeting at 6:50 p.m. 124 125 Respectfully submitted, 126 Recorded and transcribed by: 127 Mounds View EDA December 14, 2009 Regular Meeting Page 4 Carla Wirth 128 TimeSaver Off Site Secretarial, Inc. 129