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Home My WebLink About06-26-2006 CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA MOUNDS VIEW CITY HALL Monday, June 26, 2006 6:30 PM 1. CALL TO ORDER 2. ROLL CALL: President Marty, Vice President Stigney, Commissioner Flaherty, Commissioner Gunn, Commissioner Thomas 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. EDA Minutes, June 12, 2006. 6. CONSENT AGENDA 7. EDA BUSINESS A. Consider EDA Resolution 06-EDA-220 Authorizing the Acquisition of the Premium Stop Property Located at 2390 County Road 10 Consistent with the terms of the Approved Purchase Agreement. B. Review Mounds View Tax Increment Financing (TIF)Policy 8. REPORTS 9. NEXT EDA MEETING: Monday, July 10, 2006 at 630pm 10. ADJOURNMENT PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 June 12, 2006 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: Acting President Stigney, Commissioner Gunn, and Commissioner 14 Flaherty. 15 16 NOT PRESENT: President Marty and Commissioner Thomas. 17 18 3. APPROVAL OF AGENDA 19 20 MOTION/SECOND: GUNN/FLAHERTY. To Approve the June 12, 2006 Agenda as 21 presented. 22 23 Ayes – 3 Nays – 0 Motion carried. 24 25 4. PUBLIC INPUT 26 27 None. 28 29 30 5. APPROVAL OF MINUTES 31 32 A. EDA Minutes, May 22, 2006. 33 34 Commissioner Gunn said on the first page, line 43, it should read Ms. Johnson. Acting President 35 Stigney said on page 2, line 51, the spelling should be Werner, not Warner. Commissioner Gunn 36 said on page 4, line 153, and page 6, line 218, it should be Gunn with 2 ns. 37 38 MOTION/SECOND: GUNN/FLAHERTY. To Approve the May 22, 2006 Minutes as amended. 39 40 Ayes – 3 Nays – 0 Motion carried. 41 42 6. CONSENT AGENDA 43 44 None. 45 Mounds View EDA June 12, 2006 Regular Meeting Page 2 46 7. EDA BUSINESS 47 48 A. Resolution 06-EDA-219 Authorizing the Acquisition of the Premium Stop 49 Property Located at 2390 County Road 10 Consistent with the Terms of the 50 Approved Purchase Agreement 51 52 Community Development Director Ericson asked that the EDA tabled action on this item until 53 the next meeting. He said he and the City Attorney’s office have been working out details about 54 the letter of closure. He explained that there are statements in the letter of closure that there is 55 some contamination that exists on the site, which was noted by the City’s consultants. He 56 explained that the MPCA acknowledges there is slight contamination. 57 58 Director Ericson said he and the City Attorney are working on the best means to acquire the 59 property. He said the property looks like a good deal, however, he does not want to end up with 60 hundreds of thousands of dollars worth of burden for clean-up costs. Director Ericson asked that 61 the EDA wait until the next meeting to take on the issue. 62 63 MOTION/SECOND: FLAHERTY/GUNN. To postpone action on Resolution 06-EDA-219 64 until the next EDA meeting on Monday, June 26. 65 66 Ayes – 3 Nays – 0 Motion carried. 67 68 8. REPORTS 69 70 Economic Development Coordinator Backman presented a report about the progress of 71 Medtronic. He stated the northern building is at eight stories, the central building is at two stories 72 and the south building has footings. He said construction is definitely progressing. He said on 73 the east side of Coral C, there is a lot that has been leveled. He explained Medtronic will be 74 putting in a temporary parking lot on the Blaine side during construction that will reduce traffic 75 on Mounds View roads. He noted the parking lot will be there for about a year and a half to two 76 years. 77 78 Coordinator Backman stated there will be a lot of concrete poured for the parking ramp. He said 79 there may be a “Medtronic Webcam” on the top of the north building and if it is available, he 80 will inform the EDA so citizens can have a “birds-eye-view” of construction online. He stated he 81 will keep the EDA informed. 82 83 Coordinator Backman said around August, the first businesses will vacate and move to another 84 location further north. He said both businesses will be moving farther north. 85 86 Coordinator Backman said in October, the bridge over 35W will come down and traffic will be 87 Mounds View EDA June 12, 2006 Regular Meeting Page 3 re-routed. He said there is an informational meeting for County Road J Reconstruction project 88 tomorrow from 8:00 – 9:00 a.m. at Top Tool Company on 84th in Blaine. He stated the meting 89 will update businesses in the area. He explained that he personally called businesses on the 90 Mounds View side. He said Ramsey County will be updating Blaine and Mounds View 91 regarding scheduling for traffic. He noted it will affect hundreds of people with their commuting 92 for employment and around residential streets. 93 94 Coordinator Backman explained another idea, about which he has talked to several City staff and 95 Council members. He said with the Medtronic project the Council has established a Levy 96 Reduction Fund that is worth $5.4 million along with other moneys including those from a 97 Dedicated Fund. He said the money does not get physically moved until the end of the year and 98 is estimated to be $217,000. 99 100 Coordinator Backman said interest rates have been going up and it appears that it is positive for 101 the City. He stated he guesses the total generated will be over $300,000. In addition to the 102 Property Levy Fund, he stated dollars have been allocated to roads, sewer, and other projects. He 103 proposed an idea to contribute moneys to the housing stock for residents to improve their homes. 104 He stated he thinks it is cost efficient and accomplishes a few things. 105 106 Coordinator Backman explained that first, there are people on fixed incomes who have paid off 107 their homes, but may not have the income to improve their homes. He said if Mounds View is 108 compared with other cities, for example Roseville, other cities have several programs and 109 Mounds View has only one option. He said that during discussions with City Administrator 110 Ulrich, they agreed to procure guidelines from the Roseville programs and, if they are good 111 programs, will take them under consideration. 112 113 Coordinator Backman stated such programs may not necessarily be tied to income. He said he 114 would like a fund not tied to CDBG funds or TIF funding. He suggested a revolving fund that 115 could be used for various purposes that do not rely on TIF funding. He asked the EDA to 116 consider such action. 117 118 Commissioner Flaherty asked that other avenues are looked at. He said there is a homeowners 119 improvement fund in place and asked about the history. Community Development Director 120 Ericson replied that Mounds View has not ever supported its own housing improvement or 121 revolving loan program. He stated they have used limited available funding. He said they have 122 worked with Ramsey County for funding, but it is tied to a certain income. Director Ericson said 123 it would be something new to consider. 124 125 Councilmember Flaherty said it is something to consider, but the Levy Reduction Fund is sacred 126 and to tap into the fund, it must be something worthwhile. 127 128 Coordinator Backman clarified that it would be the interest dollars beyond what is required to 129 Mounds View EDA June 12, 2006 Regular Meeting Page 4 keep interest at zero. He added that for quality of life and updating housing quality, he would 130 encourage tools to allow people to keep up their homes. He said it would be an administrative 131 burden, that a number of programs are administered by the HRC and that he would ask the HRC 132 to help with the administration. 133 134 Acting President Stigney brought up the HRC and said that he would not vote for any money in 135 the Levy Reduction fund or the interest on the Levy Reduction Fund. Coordinator Backman 136 replied that it would be studied for potential implementation for 2007. Acting President Stigney 137 replied that his vote would be against it no matter what. 138 139 Acting President Stigney stated that there is a Street Reconstruction meeting on June 15 at 6:30 140 at the City Hall and that it will be televised and re-broadcasted. 141 142 9. NEXT EDA MEETING: Monday, June 12, 2006 at 6:37 p.m. 143 144 10. ADJOURNMENT 145 146 Acting President Stigney adjourned the meeting at 6:50 p.m. 147 148 Respectfully submitted, 149 150 151 Recorded and transcribed by: 152 Lauren McKay 153 TimeSaver Off Site Secretarial, Inc. 154 155