HomeMy WebLinkAbout10-23-2012 EDA Minutes ECONOMIC DEVELOPMENT AUTHORITY
OCTOBER 23, 2012
MEETING MINUTES
1. Call to Order /Approval of Agenda President Abrahamson called the meeting to order
at 6:00 p.m. Present: Vice - President Beaudet, Secretary McComber, Board Member
Swenson, Treasurer Runk, Attorneys Vierling and Pratt, Finance Director Caruso, City
Engineer Long, City Planner Richards, City Administrator Johnson, and Deputy Clerk
Pinski. Also Present: Nick Skarich from Northland Securities. Absent: None.
Vice - President Beaudet, seconded by Secretary McComber, moved to approve the
Agenda. Carried 5 -0.
2. Approve Meeting Minutes — June 25, 2012 Vice - President Beaudet, seconded by
Secretary McComber, moved to approve the Minutes. Carried 5 -0.
3. Osgood Ave. and STH 36 Redevelopment — TIF Discussion City Administrator
Johnson reported that included in the packet for that evening's meeting were several
documents related to the establishment of a Tax Incremental Financing District in the
area of Highway 36 and Osgood Avenue. He stated that the possible purpose of
establishing the district would be to generate funds that could be utilized for land
acquisition and assembly, road construction, razing of buildings, and other public
investments that would foster the redevelopment of the general corner area. He stated
that these items have been discussed in the past; however, two pending items have
advanced the concept: the possibility of Fury Motors constructing a building at the
former Denny Hecker site and MnDOT's desire to turn back the north frontage road to
the City.
Secretary McComber suggested looking at the south side of Highway 36 as a possibility
for redevelopment with TIF funding.
City Administrator Johnson stated that an application for a grant was made to the State
and was not successful. Nick Skarich reported that all parcels indicated on the map
included in the packet for that evening's meeting would qualify for TIF District inclusion.
City Administrator Johnson stated that a $7,500 flat fee was requested by Northland
Securities to complete the necessary work for the TIF District implementation.
The EDA reviewed the frontage road options outlined in the packet for that evening's
meeting. City Administrator Johnson stated that Fury Motors preferred options 6 or 1 for
the frontage road design. He stated another option might be to extend Oren Avenue to
62 Street. Vice - President Beaudet suggested corresponding with Fury Motors for their
perspective on the frontage road alignment and what they thought about extending it to
62 Street.
Member Swenson, seconded by Secretary McComber, moved to allow the expenditure
for the TIF District preparation work to the call of the City Administrator. Carried 5 -0.
4. Bell Property Member Swenson stated he would like to obtain an appraisal and wanted
to engage a realtor to obtain a fair market price for the Bell Property purchased by the
EDA. Vice - President Beaudet suggested first engaging the neighborhood regarding
prospective use of the property.
Member Swenson, seconded by Treasurer Runk, moved to authorize City Administrator
Johnson to contact a realtor to obtain a fair market value and come back to the EDA with
it. Carried 4 -1, Beaudet opposed.
5. Adjourn Secretary McComber, seconded by Member Swenson, moved to adjourn at
6:40 p.m.
Re` pectfull su itted,
Je er Pins '
Deputy Clerk