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HomeMy WebLinkAbout07-23-2001M:\MasterFiles\1999 thru 2010\2001\EDA\EDA Packets\07-23-2001\Agenda -- July 23, 2001 EDA Meeting.doc CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MONDAY, JULY 23, 2001 AGENDA 1. CALL MEETING TO ORDER 2. ROLL CALL: President Sonterre, Vice President Stigney, Commissioner Marty, Commissioner Quick, Commissioner Thomas 3. APPROVAL OF AGENDA 4. APPROVAL OF MINUTES A. June 11, 2001 5. SPECIAL ORDER OF BUSINESS: 6. REPORTS 7. CONSENT AGENDA 8. EDA BUSINESS a. Consider Resolution 01-EDA-149 Authorizing Expenditure of TIF Funds for the Edgewood Middle School Regional Pond~ Aaron Parrish b. Provide Direction Regarding Potential Housing Replacement Program Candidate at 3025 County Road H. ~ Aaron Parrish c. Cash Flow Analysis for TIF Districts 1-3 ~ Aaron Parrish 9. ADJOURNMENT PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting June 11, 2001 Mounds View City Hall 2401 Highway 10, Mounds View, MN 55112 9:58 P.M. 1. CALL MEETING TO ORDER 2. ROLL CALL: Sonterre, Stigney, Marty, Quick, and Thomas. NOT PRESENT: None. 3. AGENDA ADDITIONS Community Development Director Ericson asked that Resolution 01-EDA-151 be added under EDA Business. Commissioner Thomas requested that Item A under EDA business be removed from the Agenda. MOTION/SECOND: Quick/Thomas. To Approve the Agenda for June 11, 2001 as amended. Ayes – 5 Nays – 0 Motion carried. 4. APPROVAL OF EDA MINUTES A. Approve Minutes of May 14, 2001. MOTION/SECOND: Marty/Stigney. To Approve the Minutes of the EDA for May 14, 2001 as presented. Ayes – 5 Nays – 0 Motion carried. 5. SPECIAL ORDER OF BUSINESS None. 6. REPORTS None. Mounds View EDA June 11, 2001 Regular Meeting Page 2 7. CONSENT AGENDA None. MOTION/SECOND: Marty/Thomas. To Extend the Meeting Fifteen Minutes to 10:15 p.m. Ayes – 5 Nays – 0 Motion carried. 8. EDA BUSINESS A. Consider Approval of Resolution 01-EDA-150, a Resolution Approving and Authorizing the Expenditure of Tax Increment Funds for the Purchase of Blighted and Hazardous Property Located at 2091 Hillview Road. Community Development Director Ericson indicated that the property located at 2091 Hillview Road has been an issue for the City for a number of years. He then indicated that a previous Council had authorized the house as a hazardous building and recommended the building be razed. He then indicated that the property owners defaulted and the property was take over by HUD who attempted to sell the property. He further indicated that a previous Council had authorized that the City purchase the property from HUD and that he had attempted to do so but, due to unknown circumstances, none of the purchase agreements submitted to HUD were received by them. Community Development Director Ericson noted the property is for sale again and that he had contacted HUD and was told that if the City were to submit another purchase agreement it would not be lost. He further noted that the representative he had spoken to had indicated a price of approximately $80,000. Commissioner Thomas thanked Director Ericson for his work on the matter and noted that while she appreciated his forethought in asking for an amount not to exceed $100,000 she would prefer the purchase price of $80,000. MOTION/SECOND: Thomas/Stigney. To Waive the Reading and Approve Resolution 01- EDA-150, a Resolution Approving and Authorizing the Expenditure of TIF Funds for the Purchase of Blighted and Hazardous Property Located at 2091 Hillview Road. City Attorney Riggs clarified that the City has an outstanding order for abatement which is why individuals cannot get financing for the property. He then indicated the City could have razed the building but cannot assess the costs to do so to the federal government as owner. Community Development Director Ericson pointed out a typographical error in the Resolution Mounds View EDA June 11, 2001 Regular Meeting Page 3 for clarification. Ayes – 5 Nays – 0 Motion carried. B. Consider Resolution 01-EDA-151 Approving the Lease and Rent Level for 3016 County Road H2. Economic Development Coordinator Parrish indicated that this Resolution would formalize the discussion at the work session, approve the lease, and set the rent at $825 per month. He then noted that he had a tenant lined up for the property. Mayor Sonterre noted that before reading the lease he was concerned about who would pay for utilities and then noted that the lease does require the tenant to pay for utilities. City Attorney Riggs indicated that he had written the original lease for the City and noted that only the names were changed on this lease. MOTION/SECOND: Quick/Marty. To Waive the Reading and Approve Resolution 01-EDA- 151, a Resolution Approving the Lease and Rent Level for 3016 County Road H2. Ayes – 5 Nays – 0 Motion carried. 9. ADJOURNMENT President Sonterre adjourned the meeting at 10:10 p.m. Respectfully submitted, Recorded and transcribed by: Joan Lenzmeier TimeSaver Off Site Secretarial, Inc. Item No. 8A Meeting Date: July 23, 2001 Type of Business: EDA WK: Work Session; PH: Public Hearing; CA: Consent Agenda; EDA: EDA Business City of Mounds View Staff Report To: President and Members of the Economic Development Authority From: Aaron Parrish, Economic Development Coordinator Item Title/Subject: Consider Resolution 01-EDA-149 Approving and Authorizing the Expenditure of TIF funds for the Mermaid/Edgewood Middle School Regional Storm Water Pond. Date of Report: July 17, 2001 Background Resolution 01-EDA-149 authorizes the expenditure of TIF funds for the Edgewood Middle School Regional pond project. Since bids will not be received and evaluated until later in the week, the exact figure is not known at this time. The number may need to be revised upward or downward depending on the low bid for the project. An updated resolution reflecting the low bid amount will be e-mailed once the bids are evaluated. A hard copy will also be placed in your boxes. Necessary Actions 1. Consider Resolution 01-EDA-149 Approving and Authorizing the Expenditure of TIF funds for the Mermaid/Edgewood Middle School Regional Storm Water Pond. ______________________________________ Aaron Parrish, Economic Development Coordinator (763) 717-4029 Item No. 8C Meeting Date: July 23, 2001 Type of Business: EDA WK: Work Session; PH: Public Hearing; CA: Consent Agenda; EDA: EDA Business City of Mounds View Staff Report To: President and Members of the Economic Development Authority From: Aaron Parrish, Economic Development Coordinator Item Title/Subject: Cash Flow Analysis for TIF Districts 1-3 Date of Report: July 17, 2001 Background Given the recent legislative changes, staff thought it would be appropriate to have a cash flow analysis of the three existing TIF Districts conducted. Based on current assumptions, the cash flow analysis will provide insight into the districts’ capacity to generate revenue until they decertify. This analysis is also particularly important for evaluating potential financing sources for Highway 10 Reconstruction and Revitalization plan implementation. As Council may be aware, Ramsey County has indicated that a preliminary plan and financing package must be in place by December if the City wishes to utilize the 1.2 million dollars in “Turn Back” funds for the project. Staff has contacted the EDA’s designated financial advisor Ehler’s and Associates to see how much it would cost to conduct the cash flow analysis. They indicated it would take approximately 8-10 hours at $135 per hour. This translates into approximately $1080 to $1350. While the use of consultants for a project such as this is a budgeted item within the EDA Special Revenue Fund Budget, staff wanted to solicit input and comments from the EDA prior to proceeding. Necessary Actions No action required ______________________________________ Aaron Parrish, Economic Development Coordinator (763) 717-4029