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HomeMy WebLinkAbout02-25-2008 CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA MOUNDS VIEW CITY HALL Monday, February 25, 2008 6:30 PM 1. CALL TO ORDER 2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Flaherty, Commissioner Hull, Commissioner Mueller 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. January 28, 2008 EDA Minutes 6. CONSENT AGENDA 7. EDA BUSINESS A. Resolution 08-EDA-243, Election and Appointment of Officers of the Authority B. Resolution 08-EDA-244, Approve Mounds View Business Toolbox 8. REPORTS A. Twin Cities North Chamber Gala: Saturday, March 1, 2008 B. Economic Development Commission 2008 Priorities C. Robert’s Sports Bar Update 9. NEXT EDA MEETING: Monday, March 10, 2008 10. ADJOURNMENT Corrections made by Councilmember Mueller and Interim City Administrator Jim Ericson PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 January 28, 2008 6 Mounds View City Hall 7 2401 Highway 10, Mounds View, MN 55112 8 6:19 P.M. 9 10 11 1. CALL MEETING TO ORDER 12 13 2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Hull, 14 Commissioner Flaherty, and Commissioner Mueller. 15 16 NOT PRESENT: None. 17 18 3. APPROVAL OF AGENDA 19 20 Attorney Riggs indicated that Vice President Stigney had asked about the enabling Resolution 21 regarding appointments. 22 23 Vice President Stigney indicated that, at a minimum, he feels an Interim Executive Director 24 should be appointed. 25 26 MOTION/SECOND: Mueller/Hull. To Approve the Monday, January 28, 2008 Agenda as 27 Amended. 28 29 Ayes - 5 Nays – 0 Motion carried. 30 31 4. PUBLIC INPUT 32 33 None. 34 35 5. APPROVAL OF MINUTES 36 37 None. 38 39 6. CONSENT AGENDA 40 41 None. 42 43 Mounds View EDA January 28, 2008 Regular Meeting Page 2 44 7. EDA BUSINESS 45 46 A. Continued Discussion on Resolution 08-EDA-239 Approving a 47 Redevelopment Grant Application and Expenditure of Tax Increment 48 Funds for Costs Associated with the Acquisition and Redevelopment of 49 2400 County Road H2 50 51 Economic Development Specialist Steinmetz indicated that the EDA is discussing and 52 determining whether to participate in redeveloping the former Roberts site. 53 54 Economic Development Specialist Steinmetz indicated that on Page 8 of the Grant Application in 55 Number 22 it still references the $100,000 in TIF and that should and will be deleted. 56 57 Economic Development Specialist Steinmetz explained that the local match information and 58 grant specifics were provided in the packets for this meeting. 59 60 Economic Development Specialist Steinmetz explained that it is Staff’s intent that the local 61 match come from a developer whether or not that is Master Development. She then said that at 62 this time Master Development does not feel they can pay the EDA’s full $625,000 asking price 63 for the Premium Stop location. The reason is because the County’s assessed value is 64 significantly less than that. 65 66 Economic Development Specialist Steinmetz indicated that Staff has been approached by a 67 developer who is interested in purchasing the site to construct affordable housing rental units. 68 Staff is responding to a meeting request from a party who would like to purchase Robert’s Sports 69 Bar as is and re-open it as a nightclub. 70 71 Commissioner Flaherty indicated that the City does not have to follow through with the grant but 72 the City should apply for it. He then said that when the purchase went through the idea was to 73 make the City whole and, if Master Development cannot commit to the price, maybe another 74 developer could. 75 76 Vice President Stigney asked if the City would be at risk for anything the way the Application is 77 being drafted and approved. 78 79 Economic Development Specialist Steinmetz indicated that the City would not need to accept the 80 grant dollars if awarded and there should be no risk. 81 82 Vice president Stigney indicated that the Application states that if TIF is not being used fully or 83 at all describe why. He then asked why there is no answer in Item 26. 84 85 Mounds View EDA January 28, 2008 Regular Meeting Page 3 Economic Development Specialist Steinmetz indicated that Staff would draft an answer for that 86 item. She then said that tax increment would not be generated from this site since it is not a TIF 87 district. 88 89 Vice President Stigney asked why Real Life Coop is not listed in the application since they are 90 the largest senior housing project. 91 92 Commissioner Mueller asked whether the manufactured home parks should be added. 93 94 Community Development Director Ericson indicated that he does not think that would be 95 necessary as the question is asking how affordable housing could be improved, not to list all 96 affordable housing projects in the city. 97 98 Vice President Stigney indicated that when the vision first came out senior housing was 99 discussed and Council was concerned with any rental housing at all. He then said that he was 100 under the impression that the City was looking for senior housing and this is entirely different. 101 102 Economic Development Specialist Steinmetz indicated that this is a concept plan used to project 103 jobs and it was not intended to represent a specific plan. 104 105 Vice President Stigney indicated that he did not vision for this property to have assisted living or 106 memory care so he would not approve this. 107 108 Vice President Stigney said that there is a financial from Master Development indicating 109 involvement and it states nothing as to their contribution. 110 111 Commissioner Flaherty said that he looked at the same conceptual plans and it was a mixed use 112 senior housing complex. 113 114 Vice President Stigney indicated that the concept is entirely contrary to what was being asked for. 115 He then said he wants to go back to the original concept plan of senior housing. 116 117 Mr. Tobin indicated that from a market standpoint he feels that senior housing has a strong 118 market but each developer will try to craft in its own vision with memory care, full care and 119 assisted living. He then said that they are not a senior living developer so he would have to come 120 with a lot more information on what they propose. 121 122 President Marty said that he feels this grant application should go in so the City knows where it 123 stands and the City does not have to accept the grant. He then said he would like to add Real 124 Life Cooperative to the document. 125 126 Valerie Amundsen questioned when the City applies for grants and whether the Application is as 127 Mounds View EDA January 28, 2008 Regular Meeting Page 4 in depth as possible to show the City’s plans. She then questioned the content of the document 128 presented by Staff. 129 130 Economic Development Specialist Steinmetz said that she took offense to the insinuation that 131 anything in this application is not true or factual. She then said that it is common to apply for 132 grants this early in the process and the State is aware that things change during the process and 133 that redevelopment changes along the way. She further said that she feels she is a truthful person 134 and everything that she put in the application is truthful. 135 136 President Marty said that this grant application is really lengthy and very involved and it has 137 obviously taken a considerable amount of time to complete. He then said that with the exception 138 of the issue that Vice President Stigney brought forward which could be considered somewhat 139 specific it is quite general. He further said that the BRAA study has been included as an exhibit 140 for this grant application. 141 142 President Marty indicated that RFQ’s were requested for this project area, and at the deadline no 143 one was interested and then Mr. Tobin came to the City the night after the deadline was expired. 144 After reviewing the vision proposed, it was very close to the vision of the City. He then said that 145 there is a bit of a gap with funding but the property is assessed at what they are asking for 146 Roberts and the City Staff has been trying to get some development going without just putting a 147 new coat of paint on Roberts and getting another bar in there. 148 149 MOTION/SECOND: Marty/Hull. To Approve Resolution 08-EDA-239 Approving a 150 Redevelopment Grant Application for the Acquisition and Redevelopment of 2400 County Road 151 H2, as Amended to Remove the 40 Unit memory care half assisted living and use 152 Redevelopment Concept with Senior Housing Facility. 153 154 Vice President Stigney asked whether by mid-March Mr. Tobin would have a concept for review 155 by the City. 156 157 Mr. Tobin said that he would like to be ready to present something but they do not like to spend 158 time and money on things they do not have control over. He then said that they are working on 159 the neighboring site and that is why they agreed to try this in the first place. 160 161 Commissioner Mueller asked if there is no developer that steps forward to partner in this process 162 what would happen or is it the general consensus to use TIF dollars for this project. 163 164 President Marty indicated that he does not want to spend any more City dollars. 165 166 Ayes – 5 Nays – 0 Motion carried. 167 168 B. Enabling Resolution 169 Mounds View EDA January 28, 2008 Regular Meeting Page 5 170 President Marty indicated that Jim Ericson needs to be appointed as the Interim Executive 171 Director/Assistant Treasurer. 172 173 MOTION/SECOND: Marty/Mueller. To Appoint Jim Ericson as the Interim Executive 174 Director/Assistant Treasurer and Appoint Roger Stigney as the Vice President. 175 176 Ayes – 5 Nays – 0 Motion carried. 177 178 8. REPORTS 179 180 9. NEXT EDA MEETING: Monday, February 11, 2008 at 6:30 p.m. 181 182 10. ADJOURNMENT 183 184 President Marty adjourned the meeting at 7:05 p.m. 185 186 Respectfully submitted, 187 188 Recorded and transcribed by: 189 190 191 192 Joan Lenzmeier, Recording Clerk 193 TimeSaver Off Site Secretarial, Inc. 194 Item No. 8A-8C Meeting Date: Febuary 25, 2008 Type of Business: EDA Administrator Review: _____ City of Mounds View Staff Report To: Mounds View Economic Development Authority From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Reports Twin Cities North Chamber Gala: Saturday, March 1, 2008 The Gala is an annual fundraising event for the Chamber. This year, the Gala celebrates the Chamber’s 50th anniversary! The 50th anniversary event will be held on Saturday, March 1, 2008 from 5:00pm to 10:00pm at The Mermaid. In years past, the City Administrator and Economic Development Specialist have attended the event on behalf of the City in addition to Council/EDA Members who have shown interest in attending. The cost is $70 per person. There is funding available in the EDA’s 2008 budget if you would like staff to register you for the event. The invitation is attached for the EDA’s reference. Economic Development Commission 2008 Priorities The EDC developed and approved the following 2008 priorities in January and February 2008: 1. Development/redevelopment along County Hwy 10 Corridor a. Premium Stop Redevelopment Area b. Saturn Dealership c. Silver View Plaza d. Trailway connections to businesses e. PAK building f. Establish partnerships among neighboring cities in order to strengthen the County Hwy 10 corridor (i.e. potential name change for County Hwy 10) g. Knollwood Place & Johnson Property 2. Skyline Motel Redevelopment 3. Monitor and assist with City-wide housing projects Reports February 25, 2008 EDA Meeting Page 2 of 2 Robert’s Sports Bar Update Mike Brass of Welsh Companies, the commercial real estate broker representing clients who wish to reopen Robert’s Sports Bar as a new bar, has informed staff that his clients will submit a letter of intent on Friday, February 22, 2008 to purchase the property. Staff has also been informed that Kristin Prososki, former Mounds View Planner/current Project Manager with the MN Dept. of Employment & Economic Development (DEED) Brownfields and Redevelopment Unit, is the lead reviewer of the grant application that the City submitted to DEED in late January 2008. If awarded, the grant would assist Master Development or another developer to acquire Robert’s Sports Bar and redevelop the property into something consistent with the City’s vision. Attachment: 2008 Gala Invitation Respectfully submitted, ____________________________ Heidi Steinmetz Economic Development Specialist Item No. 7B Meeting Date: Febuary 25, 2008 Type of Business: EDA Administrator Review: _____ City of Mounds View Staff Report To: Mounds View Economic Development Authority From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Consider Resolution 08-EDA-244 Approving Mounds View Business Toolbox Background: The Mounds View Business Toolbox is a document that was developed and reviewed from February through April 2007 as a financial and technical resource for staff to use as a guide to explain opportunities available to existing and prospective Mounds View businesses. The EDA last reviewed the document on April 9, 2007 and provided staff with the following input: • Add the sentence “Any financial assistance available by the City of Mounds View is at the discretion of the Mounds View Economic Development Authority (EDA)” • The document must remain internal to the City, rather than utilizing it as a business recruitment tool, such as posting it on the City Web site. • Obtain the EDC’s input on the Business Improvement Program interest rate of 2% and whether or not the rate is appropriate. Discussion: Per the EDA’s April 9, 2007 input, staff added the “discretion of the EDA” sentence as part of the introductory paragraph on Page 2 of the Toolbox and also stamped “Internal Document” to all pages of the Toolbox. Per the EDA’s April 9, 2007 direction, the EDC discussed the Business Improvement Program’s 2% interest rate at their February 15, 2008 meeting. The Business Improvement Program text is located on Page 7 of the Toolbox. The EDC is comfortable with the 2% rate as long as it covers administrative expenses. Since most of the administrative costs are covered by the participating bank, staff agrees that the 2% rate is appropriate; therefore the Business Improvement Program text in the Toolbox has not been changed. The EDC also recommended an annual review of the Business Improvement Program interest rate. Consider Resolution EDA-08-244 February 25, 2008 EDA Meeting Page 2 of 2 Recommendation: Staff recommends that the EDA consider the attached Resolution 08-EDA-244 Approving the Mounds View Business Toolbox. The changes referenced above have been incorporated into the attached version of the Toolbox. Respectfully submitted, ____________________________ Heidi Steinmetz Economic Development Specialist Attachments: • Resolution 08-EDA-244 • Mounds View Business Toolbox, February 2008