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HomeMy WebLinkAbout08-28-2023 EDACITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA MOUNDS VIEW CITY HALL Monday, August 28, 2023 6:00 p.m. 1. CALL TO ORDER 2. ROLL CALL: Acting President Cermak, Commissioner Lindstrom, Commissioner Meehlhause, Commissioner Gunn 3. APPROVAL OF AGENDA 4. CONSENT AGENDA A. Approval of Minutes: April 10, 2023 June 26, 2023-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. Resolution 23-EDA-365 Approving the Preliminary EDA Property Tax Levy Request and Budget for Fiscal Year 2024 7. REPORTS A. None 8. NEXT EDA MEETING: September 11, 2023 at 6:00 p.m., Mounds View City Hall 9. ADJOURNMENT PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 April 10, 2023 6 Mounds View City Hall 7 2401 Mounds View Boulevard, Mounds View, MN 55112 8 9 10 1. CALL MEETING TO ORDER 11 12 Vice President Cermak called the meeting to order at 6:05 p.m. 13 14 2. ROLL CALL: Vice President Cermak, Commissioner Gunn, Commissioner Lindstrom, 15 Commissioner Meehlhause, and Executive Director Zikmund. 16 17 NOT PRESENT: President Hull. 18 19 3. APPROVAL OF AGENDA 20 21 MOTION/SECOND: Gunn/Meehlhause. To Approve the April 10, 2023, Agenda as presented. 22 23 Ayes – 4 Nays – 0 Motion carried. 24 25 4. CONSENT AGENDA 26 27 A. January 23, 2023, EDA Minutes. 28 29 MOTION/SECOND: Gunn/Lindstrom. To Approve the Consent Agenda as presented. 30 31 Ayes – 4 Nays – 0 Motion carried. 32 33 5. PUBLIC COMMENT 34 35 None. 36 37 6. EDA BUSINESS 38 39 A. Resolution 23-EDA-364, Amending the New Business Forgivable Loan 40 Program. 41 42 Assistant City Administrator Beeman requested the EDA amend the New Business Forgivable 43 Loan Program. He explained a local business recently applied to the City’s current forgivable loan 44 program and were not meeting one of the criteria. Staff reviewed the proposed amendments within 45 the loan program and recommended approval. 46 Mounds View EDA April 10, 2023 Regular Meeting Page 2 1 Commissioner Lindstrom questioned why a five year limit was set on this program. Assistant City 2 Administrator Beeman explained the program was originally targeted towards new businesses. 3 Finance Director Beer reported this program would be limited by the amount of dollars that were 4 set aside within the budget each year. 5 6 Commissioner Lindstrom asked how much the City set aside for this program on an annual basis. 7 Executive Director Zikmund stated the City set aside $25,000 per year for this program. 8 9 MOTION/SECOND: Meehlhause/Lindstrom. To Waive the Reading and Adopt Resolution 23-10 EDA-364, Amending the New Business Forgivable Loan Program. 11 12 Ayes – 4 Nays – 0 Motion carried. 13 14 7. REPORTS 15 16 None. 17 18 8. NEXT EDA MEETING: Monday, April 24, 2023 at 6:00 p.m. 19 20 9. ADJOURNMENT 21 22 Vice President Cermak adjourned the meeting at 6:13 p.m. 23 24 Respectfully submitted, 25 26 27 Recorded and transcribed by: 28 Heidi Guenther 29 Minute Maker Secretarial 30 PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Special EDA Meeting 5 June 26, 2023 6 Mounds View City Hall 7 2401 Mounds View Boulevard, Mounds View, MN 55112 8 9 10 1. CALL MEETING TO ORDER 11 12 Vice President Cermak called the meeting to order at 8:57 p.m. 13 14 2. ROLL CALL: Acting President Cermak, Commissioner Gunn, Commissioner 15 Lindstrom, Commissioner Meehlhause, and Executive Director Zikmund. 16 17 NOT PRESENT: None. 18 19 3. APPROVAL OF AGENDA 20 21 MOTION/SECOND: Gunn/Meehlhause. To Approve the June 26, 2023, Agenda as presented. 22 23 Ayes – 4 Nays – 0 Motion carried. 24 25 4. EDA BUSINESS 26 27 A. CLOSED SESSION – Pursuant to Minnesota Statutes Sections 13D.05, 28 subdivision 3(c) and 13.44, subdivision 3, to conduct a closed EDA meeting 29 concerning real property located at addresses noted below, to consider 30 strategies and to develop or consider offers or counteroffers for the sale of such 31 properties and to review confidential appraisal information for such 32 properties, as follows: 33 34 8283 Long Lake Road 35 Mounds View, Minnesota 36 PIN: 05.30.23.23.0033 37 38 8271 Long Lake Road 39 Mounds View, Minnesota 40 PIN: 05.30.23.23.0032 41 42 0 Woodlawn Drive 43 Mounds View, Minnesota 44 PIN: 05.30.23.23.0025 45 46 Mounds View EDA June 26, 2023 Special Meeting Page 2 0 Woodlawn Drive 1 Mounds View, Minnesota 2 PIN: 05.30.23.23.0026 3 4 0 Ardan Avenue 5 Mounds View, Minnesota 6 PIN: 05-30-23-23-0003 7 8 0 Ardan Avenue 9 Mounds View, Minnesota 10 PIN: 05-30-23-23-0059 11 12 Vice President Cermak asked that the EDA meet in closed session to discuss real property located 13 at the addresses noted, to consider strategies and to develop or consider offers or counteroffers for 14 the sale of such properties. 15 16 MOTION/SECOND: Gunn/Meehlhause. To Adjourn the Special EDA Meeting to a Closed 17 Session. 18 19 Ayes – 4 Nays – 0 Motion carried. 20 21 Vice President Cermak reconvened the Special EDA meeting at 9:50 p.m. 22 23 B. Open Session: 24 1. General Discussion/Issues regarding the above-referenced properties. 25 2. Other Matters. 26 27 Vice President Cermak explained the EDA met in a Closed Session and it has been determined 28 that this project will not move forward because the EDA feels they are being underpaid for the 29 property. 30 31 5. ADJOURNMENT 32 33 Vice President Cermak adjourned the meeting at 9:52 p.m. 34 35 Respectfully submitted, 36 37 38 Recorded and transcribed by: 39 Heidi Guenther 40 Minute Maker Secretarial 41 486853v2 AMB MU205-13 Item No: 6.A. Meeting Date: August 28, 2023 Type of Business: EDA Business City Administrator Review: ______ City of Mounds View Staff Report To: Mounds View Economic Development Authority From: Mark Beer, Finance Director Item Title/Subject: Resolution 23-EDA-365 Approving the Preliminary EDA Property Tax Levy Request and Budget for Fiscal Year 2024 Previously the City’s economic development activities were funded with tax increment revenues. These tax increment revenues were discontinued as required by state statute when the tax increment districts were decertified. This left the City with limited resources to continue existing business outreach, marketing, advertising, small scale incentives, property acquisitions, professional services, and staff training and development. The EDA proposes to continue a levy of $100,000 for 2024. The City’s EDA is requesting that the City Council levy on behalf of the EDA $100,000 to support the above activities within the City of Mounds View. The EDA has been authorized with joint powers of an Economic Development Authority (EDA) and a Housing and Redevelopment Authority (HRA). The EDA may choose to establish either an EDA levy or an HRA levy, or both, to fund the above activities. The proposed EDA budget of $242,230 is attached, there will be changes as additional information becomes available. Once this amount is set, the levy cannot be increased but can be lowered. A Truth-In-Taxation meeting will be held December 4, 2023 at 6pm at City Hall. The final levy will be adopted on or about December 11, 2023. Respectfully submitted, ___________________________ Mark Beer, Finance Director THIS PAGE LEFT BLANK INTENTIONALLY 486853v2 AMB MU205-13 RESOLUTION NO. 23-EDA-365 MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY COUNTY OF RAMSEY STATE OF MINNESOTA APPROVING THE PRELIMINARY EDA PROPERTY TAX LEVY REQUEST AND BUDGET FOR FISCAL YEAR 2024 WHEREAS, the Mounds View Economic Development Authority may request the establishment of a special benefit tax pursuant to Minnesota Statutes 469.107, Subdivision 1. NOW, THEREFORE, BE IT RESOLVED, by the Mounds View Economic Development Authority that there be and hereby requested a levy on the taxable property of the City of Mounds View, Ramsey County, Minnesota for fiscal year 2024 a special benefit tax not to exceed $100,000, which amount will be included in the City’s proposed levy and the proposed EDA budget of $242,230 is adopted. Adopted this 28th Day of August 2023. ______________________________ Theresa Cermak, EDA President (ATTEST) ______________________________ Nyle Zikmund, Executive Director (SEAL) 8/22/2023 3:21 PM Y-T-D 2020 2021 2022 2023 09/30/2023 2024 Change from 2023 Actual Actual Actual Budget Actual Request Dollar Percent EDA (Fund 230): Revenues 3101 Tax collections 100,774 99,973 97,532 100,000 - 100,000 - 0.00% 3464 Development fee - nonrefundable - 1,500 - - - - - 0.00% 3615 Interest received on notes 45 239 367 - - - - 0.00% 3680 Other revenue - - 57,547 - - - - 0.00% 3972 Transfers 839,036 146,679 149,633 152,622 - 142,230 (10,392) -6.81% Total revenue 939,855 248,391 305,079 252,622 - 242,230 (10,392) -4.11% Operating expenses Housing and Economic Development (4650): Personnel services 0100 Salaries, regular 114,465 117,010 120,343 123,765 - 137,817 14,052 11.35% 0300 Social security 7,694 8,173 8,574 9,468 - 10,544 1,076 11.36% 0321 PERA 8,560 8,535 8,846 9,283 - 10,336 1,053 11.34% 0400 Group insurance 14,616 14,866 17,426 18,126 - 18,889 763 4.21% 0500 Workers compensation 666 611 667 1,124 - 1,398 274 24.33% Total personnel services 146,001 149,195 155,856 161,766 - 178,984 17,218 10.64% Materials & supplies 1600 Supplies, operating 751 - - 200 - 200 - 0.00% 2100 Book & periodicals - - - 150 - 150 - 0.00% Total materials & supplies 751 - - 350 - 350 - 0.00% Contractual services 3030 Other professional services 30,563 22,709 27,090 32,508 - 30,844 (1,664) -5.12% 3100 Telephone 600 600 550 600 - 600 - 0.00% 3420 Advertisements - - - 1,500 - 1,500 - 0.00% 3430 Printing - - - 500 - 500 - 0.00% 3610 Memberships 110 295 595 950 - 950 - 0.00% 3630 Training & conferences 351 525 790 3,490 - 3,490 - 0.00% 3800 Mileage 247 970 1,937 350 - 350 - 0.00% 4800 Insurance 754 519 513 649 - 649 - 0.00% 5210 Housing improvement 1,524 2,455 5,512 20,277 - 4,013 (16,264) -80.21% Total contractual services 34,149 28,073 36,987 60,824 - 42,896 (17,928) -29.48% Capital outlays 9300 Business subsidies - 5,000 16,050 30,000 - 20,000 (10,000) -33.33% Total expenditures 180,901 182,268 208,893 252,940 - 242,230 (10,710) -4.23% Net change in fund balance 758,954 66,123 96,186 (318) - 0 318 -100.15% Fund balance, beginning year 478,534 1,237,488 1,303,611 1,399,797 1,399,797 1,399,479 (318) -0.02% Adj for land held for resale Fund balance, end of year 1,237,488 1,303,611 1,399,797 1,399,479 1,399,797 1,399,480 0 0.00% 2024 Budget Summary