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HomeMy WebLinkAbout11-22-2021 EDAAPPROVED PROCEEDINGS OF THE MOUNDS VIEW EDA CITY OF MOUNDS VIEW RAMSEY COUNTY, MINNESOTA Regular Meeting November 22, 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 9:21 p.m. 2. ROLL CALL: President Mueller, Vice President Cermak, Commissioner Bergeron Commissioner Hull, Commissioner Meehlhause, and Executive Director Zikmund. NOT PRESENT: None. 3. APPROVAL OF AGENDA President Mueller recommended the Agenda be amended to have the Consent Agenda approving the September 13, 2021 EDA minutes and not the September 27, 2021 minutes. MOTION/SECOND: Mueller/Meehlhause. To Approve the November 22, 2021, Agenda as amended changing the Consent Agenda minutes to September 13, 2021. Ayes – 5 Nays – 0 Motion carried. 4. CONSENT AGENDA A. September 13, 2021, EDA Minutes. MOTION/SECOND: Hull/Meehlhause. To Approve the Consent Agenda as presented. Ayes – 5 Nays – 0 Motion carried. 5. PUBLIC COMMENT None. 6. EDA BUSINESS Mounds View EDA November 22, 2021 Regular Meeting Page 2 A. EDA Resolution 21-EDA-348, Appointing Members to the Economic Development Commission (EDC). Assistant City Administrator Beeman requested the EDA appoint members to the Economic Development Commission (EDC). He explained the EDC recommended Jim Frankels and Jason Helgemo retain their seats as business reps. In addition, the EDC suggested Jeff Moritko fill Lisa Marquis’ seat. The EDC suggested Gary Stevenson fill the resident seat. MOTION/SECOND: Hull/Meehlhause. To Waive the Reading and Adopt Resolution 21-EDA- 348, Appointing Members to the Economic Development Commission (EDC). Ayes – 5 Nays – 0 Motion carried. B. MWF (Villas of Mounds View) Redevelopment of Skyline Property: 1. EDA Resolution 21-EDA-349, Adopting Modifications to the Redevelopment Plan. Assistant City Administrator Beeman requested the EDA approve modifications to the Redevelopment Plan for the Skyline property. He reported Stacie Kvilvang with Ehlers would be presenting this item to the EDA. Stacie Kvilvang, Ehlers & Associates, explained this item would create TIF District 1-7, a housing TIF District that was previously discussed by the City Council. City Attorney Riggs reported all agreements and Resolutions have incorporated terms and conditions that have been discussed by the City Council. He advised these agreements were similar to the agreements that were approved on the Boulevard project. President Mueller asked if the construction dates could be adjusted in the case the conduit financing was not received in January of 2022. City Attorney Riggs reported this could be done, noting all of the agreements would be signed in 2022. MOTION/SECOND: Meehlhause/Bergeron. To Waive the Reading and Adopt Resolution 21- EDA-349, Adopting Modifications to the Redevelopment Plan. Ayes – 5 Nays – 0 Motion carried. 2. EDA Resolution 21-EDA-351, approving Contract for Private Development and Issuance of TIF Note. Assistant City Administrator Beeman requested the EDA approve a Contract for Private Development and Issuance of a TIF Note. He reported Stacie Kvilvang with Ehlers would be Mounds View EDA November 22, 2021 Regular Meeting Page 3 presenting this item to the EDA. Stacie Kvilvang, Ehlers & Associates, highlighted the terms of the contract noting the City would be providing the developer with a pay as you go note in the amount of $1.77 million to pay for qualified cost for construction of the affordable housing project. She explained a $10,000 escrow had been provided by the applicant. She noted construction would have to commence by April 2022 and would have to be complete by July 31, 2023. She indicated the applicant would be required to report annually to the City on the affordability parameters and a deed restriction would be in place for 30 years. MOTION/SECOND: Hull/Meehlhause. To Waive the Reading and Adopt Resolution 21-EDA- 351, approving Contract for Private Development and Issuance of TIF Note. Ayes – 5 Nays – 0 Motion carried. 3. PUBLIC HEARING: EDA Resolution 21-EDA-350, Approving Purchase and Development Agreement. Assistant City Administrator Beeman requested the EDA approve a Purchase and Development Agreement. He reported Stacie Kvilvang with Ehlers would be presenting this item to the EDA. Stacie Kvilvang, Ehlers & Associates, reported the EDA had to hold a Public Hearing for the Purchase and Development Agreement. She stated the EDA would be selling the Skyline property for $1.55 million and the property would be required to close prior to December 31, 2021. She explained the applicant would be responsible for paying Park Dedication Fees in the amount of $420,000. It was noted an access agreement would be put in place. President Mueller opened the public hearing at 9:36 p.m. President Mueller closed the public hearing 9:37 p.m. MOTION/SECOND: Hull/Meehlhause. To Waive the Reading and Adopt Resolution 21-EDA- 350, Approving Purchase and Development Agreement. Ayes – 5 Nays – 0 Motion carried. 4. EDA Resolution 21-EDA-352, Approving Interfund Loan. Assistant City Administrator Beeman requested the EDA approve an Interfund Loan. He reported Stacie Kvilvang with Ehlers would be presenting this item to the EDA. Stacie Kvilvang, Ehlers & Associates, explained the proposed interfund loan of up to $100,000 Mounds View EDA November 22, 2021 Regular Meeting Page 4 would allow the City to cover expenditures that can be recouped in the future. MOTION/SECOND: Bergeron/Hull. To Waive the Reading and Adopt Resolution 21-EDA- 352, Approving Interfund Loan. Ayes – 5 Nays – 0 Motion carried. 7. REPORTS None. 8. NEXT EDA MEETING: Monday, December 13, 2021 at 6:30 p.m. 9. ADJOURNMENT President Mueller adjourned the meeting at 9:40 p.m. Respectfully submitted, Recorded and transcribed by: Heidi Guenther Minute Maker Secretarial