HomeMy WebLinkAbout03-22-2021 EDACITY OF MOUNDS VIEW
ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA
MOUNDS VIEW CITY HALL
Monday, March 22, 2021
6:30 p.m.
Virtual Meeting
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1. CALL TO ORDER
2. ROLL CALL: President Mueller, Vice President Hull, Commissioner Cermak,
Commissioner Meehlhause, Commissioner Bergeron
3. APPROVAL OF AGENDA
4. CONSENT AGENDA
A. Approval of Minutes: January 25, 2021 Open
February 22, 2021 Closed
March 8, 2021 Closed
5. PUBLIC COMMENT
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.
6. EDA BUSINESS
A. Skyline Redevelopment Proposal Presentation — MWF Properties
B. Review DRAFT Preliminary Development Agreement — MWF Properties
7. REPORTS None
8. NEXT EDA MEETING: April 12, 2021 at 6:30 p.m. (May be earlier)
9. ADJOURNMENT
APPROVED
PROCEEDINGS OF THE MOUNDS VIEW EDA
CITY OF MOUNDS VIEW
RAMSEY COUNTY, MINNESOTA
Regular Meeting
January 25, 2021
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 6:30 p.m. Due to the COVID-19 pandemic this
meeting was held virtually.
2. ROLL CALL: President Mueller, Vice President Hull, Commissioner Bergeron
Commissioner Cermak, Commissioner Meehlhause, and Executive Director Zikmund.
NOT PRESENT: None.
3. APPROVAL OF AGENDA
MOTION/SECOND: Meehlhause/Bergeron. To Approve the January 25, 2021, Agenda as
presented.
A roll call vote was taken.
Ayes — 5 Nays — 0 Motion carried.
4. CONSENT AGENDA
A. January 11, 2021, EDA Minutes.
MOTION/SECOND: Hull/Bergeron. To Approve the Consent Agenda as presented.
A roll call vote was taken.
Ayes — 5 Nays — 0 Motion carried.
5. PUBLIC COMMENT
None.
Mounds View EDA January 25, 2021
Regular Meeting Page 2
6. EDA BUSINESS
A. Confirm EDC Chair and Vice Chair Appointments.
Assistant City Administrator Beeman requested the EDA confirm the Economic Development
Commission Chair and Vice Chair appointments. He reviewed the appointments as being Jim
Freichels for Chair and Dan Larson for Vice Chair. Staff recommended the EDA confirm these
appointments.
MOTION/SECOND: Meehlhause/Hull. To Confirm EDC Chair and Vice Chair Appointments.
A roll call vote was taken.
Ayes — 5 Nays — 0 Motion carried.
7. REPORTS
None.
8. NEXT EDA MEETING: Monday, February 8, 2021 at 6:30 p.m.
9. ADJOURNMENT
President Mueller adjourned the meeting at 6:38 p.m.
Respectfully submitted,
Recorded and transcribed by:
Heidi Guenther
Minute Maker Secretarial
1 PROCEEDINGS OF THE MOUNDS VIEW EDA
2 CITY OF MOUNDS VIEW
3 RAMSEY COUNTY, MINNESOTA
4
5 Special Closed EDA Meeting
6 February 22, 2021
7 Mounds View City Hall
8 2401 County Road 10, Mounds View, MN 55112
9
10
11
12 1. CALL MEETING TO ORDER
13
14 President Mueller called the meeting to order at 6:32 p.m.
15
16 2. ROLL CALL: President Mueller, Vice President Hull, Commissioner Bergeron
17 Commissioner Cermak, Commissioner Meehlhause, Assistant City Administrator
18 Beeman, Finance Director Beer, Community Development Director Sevald, City Attorney
19 Riggs, and Executive Director Zikmund.
20
21 NOT PRESENT: None.
22
23 OTHERS PRESENT: None.
24
25 3. EDA BUSINESS
26
27 A. CLOSED SESSION — BIO CLEAN: Pursuant to Minnesota Statues Sections
28 13D.05, subdivision 3(c) and 13.44, subdivision 3, to conduct a closed EDA
29 meeting concerning real property located at addressed noted below to
30 determine the asking price, to consider strategies and to develop or consider
31 offers or counteroffers for the sale of such real property and to review
32 confidential appraisal information for such real property.
33
34 4889 Old Highway 8
35 Mounds View, Minnesota
36 PIN: 17.30.23.14.0001
37
38 Pursuant to Minnesota Statutes Sections 13D.05 subdivision 3(c) and 13.44, subdivision 3 the
39 EDA met in closed session to discuss Crossroad Pointe as identified in the above -referenced
40 notice at 3.A.
41
42 4. ADJOURNMENT
43
44 President Mueller adjourned the closed session meeting at 6:58 p.m.
45
Mounds View EDA February 22, 2021
Special EDA Meeting Page 2
1 Respectfully submitted,
2
3
4 Transcribed by:
5 Brian Beeman, Assistant City Administrator
6
1 PROCEEDINGS OF THE MOUNDS VIEW EDA
2 CITY OF MOUNDS VIEW
3 RAMSEY COUNTY, MINNESOTA
4
5 Special Closed EDA Meeting
6 March 8, 2021
7 Mounds View City Hall
8 2401 County Road 10, Mounds View, MN 55112
9
10
11
12 1. CALL MEETING TO ORDER
13
14 President Mueller called the meeting to order at 6:30 p.m.
15
16 2. ROLL CALL: President Mueller, Vice President Hull, Commissioner Bergeron
17 Commissioner Cermak, Commissioner Meehlhause, Assistant City Administrator
18 Beeman, Finance Director Beer, Community Development Director Sevald, City Attorney
19 Riggs, and Executive Director Zikmund.
20
21 NOT PRESENT: None.
22
23 OTHERS PRESENT: EDA Commercial Real Estate Broker Consultant, Doug Harris.
24
25 3. EDA BUSINESS
26
27 A. CLOSED SESSION — SKYLINE REDEVELOPMENT: Pursuant to
28 Minnesota Statues Sections 13D.05, subdivision 3(c) and 13.44, subdivision 3,
29 to conduct a closed EDA meeting concerning real property located at
30 addressed noted below to determine the asking price, to consider strategies
31 and to develop or consider offers or counteroffers for the sale of such real
32 property and to review confidential appraisal information for such real
33 property.
34
35 7861 Groveland Drive
36 Mounds View, Minnesota
37 PIN: 06.30.23.34.0061
38
39 Pursuant to Minnesota Statutes Sections 13D.05 subdivision 3(c) and 13.44, subdivision 3 the
40 EDA met in closed session to discuss Crossroad Pointe as identified in the above -referenced
41 notice at 3.A.
42
43 4. ADJOURNMENT
44
45 President Mueller adjourned the closed session meeting at 7:07 p.m.
Mounds View EDA
Special EDA Meeting
March 8, 2021
Page 2
1
2 Respectfully submitted,
3
4
5 Transcribed by:
6 Brian Beeman, Assistant City Administrator
7
MouNDs ]ViEw
City of Mounds View Staff Report
Item No: 6A
Meeting Date: March 22, 2021
Type of Business: EDA
Administrator review:
To: EDA President and Commissioners
From: Brian Beeman, Assistant City Administrator
Item Title/Subject: Skyline Redevelopment Proposal Presentation - MWF Properties
Background
The EDA owns approximately 3.5 acres on four parcels at 4849 & 3943 Old Hwy 8 with partial
undevelopable lands including a small wetland area. MWF Properties is proposing to construct
a development on the EDA property otherwise known as the Skyline Redevelopment Area.
Most recently, MWF is proposing to purchase a portion or all of the EDA owned land for an
affordable multi -housing and possibly an affordable senior housing development. MWF would
like to provide the EDA a current development proposal presentation in order to receive feedback
and solidify the concept before finalizing the Preliminary Development Agreement including the
price of the EDA land when submitting their Tax Credit application to the State of Minnesota
due June 2021.
Discussion
The EDA to hear MWF's most recent development proposal and ask any questions as necessary
in order to work towards a final Preliminary Development Agreement.
Recommendation
Staff recommends that the EDA review MWF's presentation and consider the overall concept,
asking questions to the developer and clarifying any details of the project.
Action: Consider a motion authorizing staff and City/EDA consultants to move forward in
completing a preliminary development agreement for the proposed project and any other
necessary documents and actions necessary in order to work towards a final Purchase and
Development Agreement.
A/4,
Brian Beeman
Assistant City Administrator
Attachment(s):
1. Skyline Redevelopment Proposal Presentation — MWF Properties
The Mounds View Vision
A Thriving Desirable Community
MWF
properties
Outlot Bk--"
0.65 ac
Lot 1
3.08 or 3.13 ac
including 2.27ac
from Bauer
Regional storm water
pond location
Previously Concept Design
tit SENIOR
HOUSING
A SITE ENTRY
B MAIN BLDG ENTRANCE
C PARKING
D UNDERGROUND ACCESS
E DINNG PATIO
F ACT MTYPATIO
G WALKING PATH
H SERVICE DRIVE
DELIVERY) MOVE-N
J MEMORY CARE GARDEN
K EXISTING WETLAND
L FRONT PATIO
M 1-STORY IBUILBING
1 MAIN BLDG_ ENTRANCE
2 PARKING
[109 SURFACE SPACES]
3 UNDERGROUND ACCESS
4 PUBLIC SIDEWALK
CONNECTION
5 INTERNAL SITE SIDEWALK
6 TOT LOT
7 4-STORY WORKFORCE
HOUSING STRUCTURE
MouNDs IViEw
City of Mounds View Staff Report
Item No: 6B
Meeting Date: March 22, 2021
Type of Business: EDA
Administrator review:
To: EDA President and Commissioners
From: Brian Beeman, Assistant City Administrator
Item Title/Subject: Review DRAFT Preliminary Development Agreement — MWF
Properties
Background
The EDA owns approximately 3.5 acres on four parcels at 4849 & 3943 Old Hwy 8 with partial
undevelopable lands including a small wetland area. MWF Properties is proposing to construct
a development on the EDA property otherwise known as the Skyline Redevelopment Area. City
Attorney, Scott Riggs and staff have been working on a preliminary development agreement with
MWF Properties. The preliminary development agreement is a document that will be included
with MWF's Tax Credit application that has a June 2021 deadline.
Most recently, MWF is proposing to purchase a portion or all of the EDA owned land for an
affordable multi -housing and possibly an affordable senior housing development. MWF would
like a Preliminary Development Agreement including the price of the EDA land to be included in
the agreement when submitting their application. Therefore, staff ordered a market analysis to
determine the recommended price range to sell the EDA property which will be discussed as
part of the EDA closed session.
Discussion
In order to ensure that the Preliminary Development Agreement is in line with the EDA's
expectations, staff is asking the EDA to review the Preliminary Development Agreement minus
the land sale price which will be discussed at the closed EDA session. The City Attorney will be
available to answer any questions.
Steps in this process:
1) EDA to confirm price for land negotiations
2) Kennedy & Graven to complete Preliminary Development Agreement
3) EDA to consider Preliminary Development Agreement
4) MWF to submit Tax Credit Application by June 2021 deadline
5) MWF to hear back from State of MN on Tax Credit status December 2021
6) EDA to consider Final Purchase & Development Agreement & Housing TIF Application
7) MWF to break ground on new project spring of 2022
Recommendation
Staff recommends that the EDA review the Preliminary Development Agreement and ask any
questions as necessary. Staff will make changes to the document as directed, and have it
available, including a resolution for the April 12, 2021 EDA meeting for consideration.
DOCSOPEN\MU205\52\709261.v2-3/17/21
Respectfully submitted,
Brian Beeman
Assistant City Administrator
Attachment(s): Preliminary Development Agreement (DRAFT) for review only.
The Mounds View Vision
A Thriving Desirable Community
DOCSOPEN\MU205\52\709261.v2-3/17/21
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MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY
AND
MWF PROPERTIES, LLC
PRELIMINARY DEVELOPMENT AGREEMENT
THIS AGREEMENT, dated this day of , 2021 (the "Effective Date"),
by and between the Mounds View Economic Development Authority, a public body corporate and
politic under the laws of Minnesota ("EDA") and MWF Properties, LLC, a Minnesota limited
liability company ("Developer") or its assigns:
WITNESSETH:
WHEREAS, the EDA desires to promote development of certain property partially owned
by the EDA which is located at 4889 Old Highway 8, in the City of Mounds View, State of
Minnesota, which property is legally described and depicted in Exhibit A attached hereto
("Property"); and
WHEREAS, Developer, or a special purpose entity to be formed by the Developer for the
purpose of completing this project, has submitted or is in the process of submitting a proposal for
development of an approximately 96-unit workforce housing complex on a portion of the Property
("Development"), which proposal is attached hereto as Exhibit B including a site plan for the
Development ("Site Plan") which is attached hereto as Exhibit C; and
WHEREAS, the Development is part of a larger redevelopment of the Property and
adjacent parcels that are being subdivided together pursuant to the plat of SKYLINE ADDITION
(the "Plat"); and
WHEREAS, the Developer agrees to cooperate and work with the EDA and multiple
adjacent present and future parcel owners in developing and effectuating the Plat and creation of
multiple developable parcels, as well as redefining lot lines of adjacent parcels, as further defined
in Section 10; and
WHEREAS, the Development shall occur on the portion of the Property located at 4889
Old Highway 8; and
WHEREAS, the EDA and Developer are interested in discussing and further planning for
the Developer's proposal for the Development; and
WHEREAS, the Developer has indicated that it may seek business subsidy assistance or
financial incentives from the City and/or the EDA to make the Development feasible; and
WHEREAS, the EDA will need to determine if various studies, as may be determined to
be reasonably necessary, should be conducted, including without limitation an environmental
impact or related study, an infrastructure feasibility study, an economic impact study, and any
other studies which are either required by law or deemed appropriate by the EDA and/or City; and
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WHEREAS, the EDA will continue to discuss and negotiate with the Developer regarding
the overall development of the Property; and
WHEREAS, the EDA is willing to discuss with the Developer any public subsidies which
may be available for the Development, however, nothing herein shall be interpreted as an approval
or guarantee of any future public financial assistance, including but not limited to tax increment
financing, tax abatement, business subsidies, or any other public assistance authorized by law; and
WHEREAS, various ordinance, land use, zoning, and subdivision issues and actions related
to the Development and the Property are required to be approved by the City in order to facilitate
the Development by the Developer; and
WHEREAS, the EDA agrees to cooperate with the Developer to review and to assist the
Developer, where deemed appropriate by the EDA, with obtaining various ordinance, land use,
zoning, and subdivision approvals and actions related to the Development and the Property in order
to facilitate the Development by the Developer, provided that nothing herein shall be interpreted
as an approval or guarantee of any future land use, zoning, or other required City approvals; and
WHEREAS, the EDA is willing to consider and the Developer is desirous to undertake the
Development if (i) a satisfactory agreement can be reached regarding the EDA's commitment for
public costs, if any, necessary for the Development; (ii) satisfactory mortgage and equity
financing, or adequate cash resources for the Development can be secured by Developer; and (iii)
the feasibility and soundness of the Development and other necessary preconditions have been
determined to the satisfaction of the parties.
NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and
obligations set forth herein, the parties agree as follows:
1. Future Negotiations.
The parties agree to continue negotiations pursuant to the terms of this Agreement in an
attempt to formulate a definitive plan for a development agreement based on the following:
(a) Developer's proposal, which shows the scope of the proposed Development
in its latest form as of the date of this Agreement, together with any changes or
modifications required by the City or the EDA;
(b) Mutually -satisfactory development agreements or contracts to be negotiated
and agreed upon in accordance with negotiations contemplated by this Agreement;
(c) Mutually satisfactory terms that may be required for the Development (e.g.
access and utility easements, allocation of infrastructure costs, etc.); and
(d) Other terms and conditions of this Agreement.
2. Statement of Intent.
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Although not conclusive or binding on either party, it is the intention of the parties that this
Agreement: (a) documents the present understanding and commitments of the parties; and (b) will
lead to the negotiation and execution of a mutually -satisfactory development agreement or contract
prior to the termination date of this Agreement. The development agreement (together with any
other agreements entered into between the parties hereto contemporaneously therewith) will
supersede all obligations of the parties hereunder.
3. Duties.
(a) During the term of this Agreement, the EDA agrees to:
(i) Proceed to seek all necessary information with regard to the
anticipated public costs, if any, associated with the Development; and
(ii) Should negotiations be successful, enter into a purchase and
development agreement, satisfactory to the EDA in its sole discretion, with the Developer
for the Development.
(b) During the term of this Agreement, the Developer agrees to:
(i) Develop and submit its detailed proposal, including the plans and
specifications, for purchase and development of the Property;
(ii) Conduct a due diligence review of the portion of the Property
included in the Development, including without limitation, which must be acceptable to
the Developer in its sole discretion: title, survey, environmental (Phase I & Phase II
reports), soils, and market studies;
(iii) Obtain approval by the EDA and the City (including its Engineer,
Planning and Inspection Department, and any other governing authority) for approval of
the site plan, exterior elevations and finishes, and zoning approval;
(iv) Obtain any other necessary governmental approval from any
governing authority;
(v) Obtain financing on terms acceptable to Developer, including but
not limited to public subsidies (such as pay-as-you-go TIF in a mutually agreeable amount,
and housing tax credits), private loans, or equity investment(s); and
(vi) Should negotiations be successful, enter into a purchase and
development agreement with the EDA for the Development.
4. Developer Submissions; Business Subsidies; TIF; Housing Tax Credits.
(a) The EDA understands that the Developer may be seeking business subsidy
assistance from the City and/or the EDA. During the term of this Agreement, Developer
shall:
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(i) Submit to the EDA a design proposal to be reviewed by the EDA
showing the location, size, and nature of the proposed Development, including layouts,
renderings, elevations, and other graphic or written explanations of the Development. The
design proposal shall be accompanied by a proposed schedule for the starting and
completion of the Development;
(ii) Submit an over-all cost estimate for the design and construction of
the Development;
(iii) Submit a time schedule for the Development;
(iv) Undertake and obtain such other preliminary economic feasibility
studies, income and expense projections, and such other economic information as
Developer may desire to further confirm the economic feasibility and soundness of the
Development;
(v) Submit to the EDA the Developer's financing plan showing that the
proposed Development is financially feasible;
(vi) Furnish satisfactory financial data to the EDA evidencing
Developer's ability to undertake the Development; and
(vii) Furnish information in its possession and assist the EDA with
obtaining all available business subsidy assistance which the EDA may deem appropriate.
(b) Developer understands that the Tax Increment Financing sought for the
proposed Development must be obtained as outlined by law.
(c) Developer understands that the Housing Tax Credits sought for the
proposed Development must be obtained as outlined by law.
5. Feasibility.
It is expressly understood that execution and implementation of any purchase and
development agreement (together with any other agreements entered into between the parties
hereto contemporaneously therewith) shall be subject to:
(a) A determination by the EDA in its sole discretion that its undertakings are
feasible based on (i) satisfaction of City Code requirements; (ii) the purposes and objectives
of any development plan created or proposed for the Development; (iii) the Studies, if any;
and (iv) the best interests of the EDA.
(b) A determination by Developer that the Development is feasible and in the
best interests of Developer.
6. Effective Date; Term; Expiration.
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This Agreement is effective from the Effective Date until December 31, 2022. After such
date, neither party shall have any obligation hereunder except as expressly set forth to the contrary
herein. The parties may mutually extend the term of this Agreement for one (1) year, until
December 31, 2023, in writing and prior to December 31, 2022.
7. Costs; Escrow.
Developer shall be solely responsible for all costs incurred by Developer. In addition, upon
the full execution of this Agreement the Developer will pay the EDA an initial non-refundable
sum of $25,000.00 as reimbursement of its Administrative Costs (as defined below) for its
evaluation of the Developer's proposal. For the purposes of this Agreement, the term
"Administrative Costs" means out of pocket costs incurred by EDA together with staff and
consultant (including engineering, legal, financial adviser, environmental advisor, planning
advisor, etc.) costs of EDA, all attributable to or incurred in connection with the review of the
development agreement or contracts (together with any other agreements entered into between the
parties hereto contemporaneously therewith) and review and approvals of any land use, zoning
and subdivision applications for the Property, the negotiation and preparation of this Agreement,
and other documents and agreements in connection with the Development, excluding Studies that
result in the Administrative Costs exceeding the initial $25,000.00 deposit, unless such excess
costs are approved by the Developer as provided below. Developer acknowledges that the
Developer's proposal will require review by and/or consultation with the EDA's financial advisors,
engineers, legal advisors, and other advisors or consultants and staff. Additionally, the EDA may
incur expenses of advisors, consultants and staff related to the preparation of the development
agreement for said Development. If at any time after full execution and acceptance of this
Agreement, the EDA determines that the amount deposited by Developer will be insufficient to
pay the EDA's fees and expenses listed above, the EDA may notify the Developer in writing as to
any additional amount required to be deposited. The Developer must deposit such additional funds
within 10 business days after receipt of the EDA's notice. Any additional funds beyond the initial
non-refundable $25,000 deposited by Developer and not expended by the EDA for its
Administrative Costs will be returned to the Developer on the Closing Date. Any public subsidies
applied for by the Developer will require separate application fees and deposits from the fees stated
in this Agreement as it pertains to the appropriate public subsidy application. The foregoing funds
will not be credited towards the purchase price or returned if the transaction does not close. This
Section 7 shall survive termination of this Agreement and shall be binding on the Developer and
the EDA regardless of the enforceability of any other provision of this Agreement.
8. Termination.
This Agreement may be terminated if Developer ceases to negotiate in good faith with the
EDA, and such failure to negotiate in good faith is not cured after 30 days written notice of such
failure by EDA to Developer.
9. Sole Developer.
The Developer is designated as sole developer and shall have exclusive rights of the
Development of the Property through the entire term of this Agreement. The EDA agrees not to
market the Property or to make, accept, negotiate, or otherwise pursue any other offers for sale or
5
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purchase of the Development portion of the Property until the term of this Agreement expires or
the Agreement is terminated pursuant to Section 8 herein.
10. Adjacent Business Development and Subdivision of Property.
Notwithstanding anything herein to the contrary, the Developer agrees to cooperate and work
with the EDA and multiple adjacent present and future parcel owners in developing and effectuating
the Plat and creation of multiple developable parcels, as well as redefining lot lines of adjacent parcels.
Further, the Developer agrees to coordinate and share costs related to the Plat, to develop appropriate
parcels for both future and existing development, cooperate in site plan, environmental, utility access
related to the development of the Plat. The Developer shall enter into a separate agreement with the
EDA and present and future parcel owners affected by the Plat, to ensure the coordinated efforts of
all parties associated with developing the Plat.
11. Severability.
If any portion of this Agreement is held invalid by a court of competent jurisdiction, such
decision shall not affect the validity of any remaining portion of the Agreement.
12. Breach; Waiver.
In the event any covenant contained in this Agreement should be breached by one party and
subsequently waived by another party, such waiver shall be limited to the particular breach so waived
and shall not be deemed to waive any other concurrent, previous, or subsequent breach.
13. Notice.
Notice or demand or other communication between or among the parties shall be
sufficiently given if sent by mail, postage prepaid, return receipt requested or delivered personally:
(a) As to EDA:
Mounds View Economic Development Authority
2401 Mounds View Boulevard
Mounds View, MN 55112
Attn: Executive Director
(b) As to Developer: MWF Properties, LLC
7645 Lyndale Avenue South
Minneapolis, MN 55423
Attn: Chris Stokka
14. Counterparts.
This Agreement may be executed simultaneously in any number of counterparts, all of
which shall constitute one and the same instrument.
15. Governing Law.
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This Agreement shall be governed by and construed in accordance with the laws of the
state of Minnesota. Any disputes, controversies, or claims arising out of this Agreement shall be
heard in the state or federal courts of Minnesota, and all parties to this Agreement waive any
objection to the jurisdiction of these courts, whether based on convenience or otherwise.
16. Additional Actions.
The parties hereto understand that additional and separate actions, for which no obligation
is created hereunder, will be required before either the EDA or Developer is obligated to take
various actions with respect to the Development. Those actions include, but are not limited to:
(a) Zoning, comprehensive plan, and subdivision approvals for any land use or
development proposed by Developer; and
(b) Review of any Tax Increment Financing arrangement, or other business
subsidy, as required by law.
17. Incorporation.
The Recitals set forth in the preamble to this Agreement and the Exhibits attached to this
Agreement are incorporated into this Agreement as if fully set forth herein.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the Developer has caused this Agreement to be duly executed
in its name and behalf and the EDA has caused this Agreement to be duly executed in its name
and behalf as of the day and year first above written.
DEVELOPER:
MWF PROPERTIES, LLC, a Minnesota limited
liability company
By:
Its:
EDA:
Chris Stokka
MOUNDS VIEW ECONOMIC DEVELOPMENT
AUTHORITY
By:
Carol Mueller
Its: President
By:
Nyle Zikmund
Its: Executive Director
8
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EXHIBIT A
DESCRIPTION/DEPICTION OF PROPERTY
The Property located at 4889 Old Highway 8, Mounds View, Minnesota, as described and depicted
below.
[Insert Description/Depiction]
A-1
MU205\52\637644.v5
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EXHIBIT B
DEVELOPMENT PROPOSAL
[Insert Development Proposal]
B-1
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EXHIBIT C
SITE PLAN
[Insert Site Plan]
C-1
MU205\52\637644.v5