HomeMy WebLinkAbout06-25-2018PROCEEDINGS OF THE MOUNDS VIEW EDA
CITY OF MOUNDS VIEW
RAMSEY COUNTY, MINNESOTA
Regular Meeting
June 25, 2018
Mounds View City Hall
2401 Mounds View Boulevard, Mounds View, MN 55112
1. CALL MEETING TO ORDER
President Mueller called the meeting to order at 6:00 p.m.
2. ROLL CALL: President Mueller, Vice President Gunn, Commissioner Bergeron
Commissioner Hull, Commissioner Meehlhause, and Acting Executive Director Beer.
ALSO PRESENT: City Attorney Riggs
NOT PRESENT: None.
3. APPROVAL OF AGENDA
MOTION/SECOND: Gunn/Meehlhause. To Approve the June 25, 2018, Agenda as presented.
Ayes – 5 Nays – 0 Motion carried.
4. PUBLIC INPUT
None.
5. CONSENT AGENDA
A. June 11, 2018, EDA Minutes.
MOTION/SECOND: Meehlhause/Bergeron. To Approve the Consent Agenda as presented.
Ayes – 5 Nays – 0 Motion carried.
6. EDA BUSINESS
A. Continue Public Hearing: 18-EDA-313, A Resolution Approving Purchase
and Development Agreement and Conveyance of Property Located in
Mounds View, Minnesota.
Business Development Coordinator Beeman requested the Authority approve the Purchase and
Mounds View EDA June 25, 2018
Regular Meeting Page 2
Development Agreement and conveyance of property located in Mounds View. He explained the
City was working in coordination with MWF in order to complete a 60 unit workforce housing
apartment complex. He commented further on the Development and Purchase Agreement and
recommended approval of the documents.
President Mueller opened the continued public hearing at 6:05 p.m.
President Mueller closed the public hearing at 6:05 p.m.
President Mueller asked if a park dedication fee would be tied into this project. Business
Development Coordinator Beeman stated this was the case noting MWF would be paying the
City just over $36,000 in park dedication fees.
City Attorney Riggs commented further on the Purchase and Development Agreements.
Commissioner Meehlhause asked if the developer had paid the City for the property. Business
Development Coordinator Beeman reported this had been done and noted the funds had been
forwarded onto the County.
MOTION/SECOND: Gunn/Bergeron. To Approve the Resolution 18-EDA-313, A Resolution
Approving Purchase and Development Agreement and Conveyance of Property Located in
Mounds View, Minnesota.
Ayes – 5 Nays – 0 Motion carried.
B. Resolution 18-EDA-312, a Resolution Approving Contract for Private
Development and Issuance of Tax Increment Note.
Business Development Coordinator Beeman requested the EDA approve a contract for private
development and issuance of a Tax Increment Note. He discussed the proposed TIF Note which
would be in the amount of $546,000 and stated it would be for 15 years. It was noted the TIF
Note could be paid off early.
President Mueller requested further information on TIF. Acting Executive Director Beer
discussed how TIF could be used by the City and described the “but for” test. Further discussion
ensued regarding the benefits of having this property back on the tax rolls.
MOTION/SECOND: Hull/Gunn. To Waive the Reading and Adopt Resolution 18-EDA-312, a
Resolution Approving Contract for Private Development and Issuance of Tax Increment Note.
Ayes – 5 Nays – 0 Motion carried.
Mounds View EDA June 25, 2018
Regular Meeting Page 3
7. REPORTS
None.
8. NEXT EDA MEETING: Monday, July 9, 2018 at 6:00 p.m.
9. ADJOURNMENT
President Mueller adjourned the meeting at 6:20 p.m.
Respectfully submitted,
Recorded and transcribed by:
Heidi Guenther
TimeSaver Off Site Secretarial, Inc.