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HomeMy WebLinkAboutEconomic Dev Authority Meeting AGENDA ECONOMIC DEVELOPMENT AUTHORITY TUESDAY JULY 5, 1994 7:45 P.M. PRIOR LAKE CITY HALL - CITY COUNCIL CHAMBERS I. Approve sale of 1.28 acres to City of Prior Lake for Becker Arena Products. II. Approve sale of one acre parcel part of lot 2, block 1 to the City of Prior Lake for a 10,000 square foot multi-tenant building. III. Election of Officers EDAGN2.WRT 4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNllY EMPLOYER 'f T . . I AGENDA #: PREPARED BY: SUBJECT: DATE: BACKGROUND: DISCUSSION: ACTION REQUIRED: STAFF AGENDA REPORT E.D.A. I &yLJ BONITA CARLSON, ASSISTANT CITY MANAGER APPROVE SALE OF 1.2817 ACRES TO CITY OF PRIOR LAKE FOR BECKER ARENA PRODUCTS. JULY 5,1994 The Economic Development Authority has purchased through a contract for deed, and platted the Waterfront Passage Addition which is designated as a Business/Office Park use. In order for the City of Prior Lake to promote development of the property using Tax Increment Financing the property must be deeded to the City. The City Council established Tax Increment Financing Project 2-2 and entered into a developer's agreement with James Beckker d/b/a! Becker Arena products. At the time of conveying the property to James Becker, we discovered that the property had not been formally transferred from the Economic Development Authority to the City Council. Since the Economic Development Authority is comprised of the five City Councilmembers and the Chair of the Planning Commission and Economic Development Committee, this action to deed the land to the City is merely a technicality. The Economic Development Authority approve deeding to the City of Prior Lake the property described as that part ot Lot 1, WATERFRONT PASSAGE ADDITION, Scott County, Minnesota described as follows: Commencing at the northeasterly corner of said Lot 1, Block 1; thence North 62 degrees 52 minutes 03 seconds West (record bearing) along the northeasterly line of said Lot 1, block 1, a distance of 678.82 feet to the point of beginning of the land to be described; thence continuing North 62 degrees 52 minutes 03 seconds West a distance of 200.00 feet; thence South 31 degrees 36 minutes 51 seconds West a distance of 264.89 feet to the southwesterly line of said Lot 1, Block 1; thence southeasterly along said southwesterly line a distance. of 200.00 feet to the intersection with a line drawn South 31 degrees 35 minutes 50 seconds West from the point of beginning; thence North 31 degrees 35 minutes 50 seconds East a distance l"f 294.99 feet to the point cf beginning: Reserving to the Cily of Prior Lake, a municipal corporation public utility and drainage easements over, under and across the northwesterly 10.00 feet and the southea.sterly 10.00 feet and the southeasterly 10.00 feet of the above described property. -1- 4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNIlY EMPLOYER T r r . Reserving to the City of Prior Lake, a municipal corporation public utility and drainage easements over, under and across the northwesterly 10.00 feet and the southeasterly 10.00 feet of the above described property. Containing 1.2817 acres. RECOMMENDATION: Motion and second to approve transfer of property to the City of Prior Lake. -2- AGENDA #: PREPARED BY: SUBJECT: DATE: BACKGROUND: DISCUSSION: ALTERNATIVES: STAFF AGENDA REPORT EDAII BONITA CARLSON, ASSISTANT CITY MANAGER B-1 ~ APPROVE SALE OF ONE ACRE PARCEL, PART OF LOT TWO, BLOCK ONE, WATERFRONT PASSAGE ADDITION TO THE CITY OF PRIOR LAKE FOR THE CONSTRUCTION OF A 10,000 SQUARE FOOT BUILDING. JULY 5,1994 The Economic Development Authority has purchased land by Contract for Deed and platted the Waterfront Passage Addition. The land is designated as a Business/Office Park and now, with water, sewer, curb, gutter and streets installed, is available for business development. Two developers, Tim Sinnen d/b/a Metro Cabinet, and Guy Selinske d/b/a American Glass and Mirror, Inc., have agreed to enter into a purchase agreement for a one acre parcel adjacent to the Becker Arena Products lot (on the west side) in the Waterfront Passage Addition. In order for the City to sign the purchase agreement and to negotiate the developer's agreement, the Economic Development Authority must deed the property to the City of Prior Lake. The developers for the project are both successful local businesses. They are each operating in facilities which are undersized, with no potential for expansion, and one case is an incompatible use according to City Zoning Code. These uses are permitted in the Waterfront Passage Business/Office Park and are consistent with the type of businesses envisioned by the Economic Development Authority when the business office park was established. The developers propose to construct a 10,000 square foot building on a one acre lot. The Economic Development Authority has the following alternatives: 1. Approve transfer of property described as part of Lot two, Block one, Waterfront Passage Addition to the City of Prior Lake (exact legal description to be determined by property site survey). 2. Deny the Transfer of Property to the City of Prior Lake. RECOMMENDATION: Staff recommends Alternative #1 ACTION REQUIRED: 0 adopt Alternative #1. Reviewed by: ADAG3.WRT Frank City -1- 4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNIlY EMPLOYER T 'r . r AGENDA #: PREPARED BY: SUBJECT: DATE: BACKGROUND: DISCUSSION: STAFF AGENDA REPORT EDA(III) ~~ FRANK BOYLES, CITY MANAGER <'\ ELECTION OF OFFICERS JULY 5,1994 The Economic Development Authority consists of the five councilmembers and chairs of the Business Development Committee (formerly the Economic Development Committee) and the Planning Commission. The Bylaws of the Economic Development Authority provide that the body will annually elect from among its members a President, Vice President, Treasurer and Secretary. The present officers of the Authority are: President - Bob Barsness Vice President - Carol Scott SecretaryfTreasurer - Chuck Arnold Vice SecretaryfTreasurer - Frank Boyles The Economic Development Authority should elect officers for the period July 1994 through July 1995. Bob Barsness' term on the Business Development Committee ended as of June 30. He has reached his six year term limit and may not therefore be reappointed. The Business Development Committee did recommend that the City Council appoint Jeannie Robbins to be the next Chair. The City Council has not yet acted upon this recommendation. Past practice has been that the Chair of the Business Development Committee automatically become a member of Economic Development Authority. The Bylaws require only that one Economic Development Authority member is also a member of the Business Development Committee. The bylaws also require that the President, Vice President and Treasurer be members of the Board of the Economic Development Authority, however that the Secretary does need not be a member of the Board of Commissioners. ISSUES: There are two issues to consider; (1) appointment of the member to represent the Economic (Business) Development Committee and (2) election of the 1994-95 officers. RECOMMENDATION: Member of the Economic Development Authority should elect and confirm the individuals they wish to act as officers for thru next year. I have attached a copy of the relevant section of the Bylaws for your information. -1- 4629 Dakota St. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNllY EMPLOYER 'T r ,.... BYLAWS OF PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY ARTICLE I Purpose The Prior Lake Economic Development Authority is a public body politic and a political subdivision of the State of Minnesota. The primary purpose of the Authority is to serve as an Economic Development Authority pursuant to Minnesota Statutes, Section 469.090 to 469.108. The Authority shall be governed by all requirements of said statute, the Enabling Resolution passed by the Prior Lake City Council and any amendments to the Enabling Resolution which may be enacted in the future. ARTICLE II Offices and Boundaries 1. The principal office shall be in the city Hall of the City of Prior Lake, County of Scott, State of Minnesota. 2. The authority may also have offices at such other places as the Commissioners of the Authority may from time to time appoint, or as the business of the Authority may require. 3. The territory in which operations of the corporation are principally to be conducted consist of Scott County in the State of Minnesota. . e erms of the Commiss~oners s a e cons~s en terms of their office or appointed positions. Board of Commissioners of all of the affairs, property and business the Authority shall be vested in a Board of Commissioners, consisting of seven (7) persons, with all City Council serving. The other two (2) Commissioners positions shall be appointed by the city Council. One member must be from the Planning commission and one member must be from the Economic Development Committee. - - 3 . The Authority or require or pursuant ard of Co..issioners may exercise all powers and do all such lawful acts and things as are to be done pursuant to law, the Enabling o these Bylaws. 4. All vacanCI s in the Board of Commissioners, w caused by resignation, termination of Council member, death or otherwise, shall be filled bf City council appointment. A Commissioner, thus elected to f111 any vacancy hall hold office for the balance of e unexpired term to whi he or she is appointed. 5. Meetings of the Boar Commissioners be held on a ~roject by project basis 'n the principal office of the Authority 1n the City of Prior Lake, sota, or at such other place as the Board may m time to time. At least three (3) days written notic of eetings shall be given to the Commissioners. Meetings m y eld immediately preceding the City council meeting. 6. Special meetings of the Boar commissioners may be called at any time by the presiden , 0 in his absence, by the Vice President or bf any two (2) Co issio ers, to be held at the principal off1ce of the thority 'n the City of Prior Lake, state of Minnesota, or at s h other ~ ace or places as the Commission may from tim to time des1g tee Notice of special meetings of the Board of ommissioners sha be given to each Commissioner at least three (3) days pri r to the meeting via telephone, telegram, I ter or personal conta ~. 7. A quorum at all eetings of the Board of Co issioners shall consist of a majo ty of the whole board, but in 0 case shall a quorum be less th four (4) Commissioners. Less an a quorum may, however, djourn any meetin~, which may e held on a subsequent dat without further not1ce, provided a quorum be present at su deferred meeting. 8. salary shall be paid Commissioners services but, by subsequent resolution of the Bo Commiss'oners, e~enses may be reimbursed for attendance at regul or spec1al meeting of such Board; provided that no ing her 'n contained shall be construed to preclude any Commissio er fr serving the Authority in any other capacity and receivi compensation therefor. 1!Ir- ARTICLE IV Officers 1. The officers of the corporation shall be a President, a vice President, a Secretary, and a Treasurer who shall be elected to a one year term. They shall hold office until their successors are elected and qualified. The President, Vice President, and > ~ Treasurer shall be members of the Board of Commissioners. The Secretary and Treasurer need not be a member of the Board of Commissioners. 2. The President shall preside at all meetings of the Authority, shall be in charge of the day-to-day operations, shall sign or counter-sign all certificates, contracts and other instruments of the Authority as authorized by the Board of Commissioners, shall make reports to the Board of Commissioners, and shall perform all such other duties as are incident to the office or are properly required by the Board of Commissioners. 3. The Vice President shall exercise the functions of the President during the absence or disability of the President. 4. The Secretary shall issue notice for all meetings, except that notice for special meetin~s of commissioners called at the request of Commissioners as provlded herein may be issued by such Commissioners, shall keep minutes of all meetings, shall have charge of the Authority books, and shall make such reports and perform such other duties as are incident to the office, or are properly required by the Board of Commissioners. 5. The Treasurer shall perform all duties incident to the office which are properly required by the Board of Commissioners. 6. In the case of the absence or inability to act of any officer of the Authority and of any person herein authorized to act in his or her place, the Board of Commissioners may from time to time delegate the powers or duties of such officer to any other officer, or any commissioner whom it may select. 7. Vacancies in any office arising from anr cause may be filled by the Commissioners at any regular or speclal meeting. 8. The salaries, if any, of all officers and agents of the Authority shall be fixed by the Board of Commissioners. Expenses 1. Any Commissio wti is absent from dulr called meeting f reslgned unless the absen to the President and the P Authority. 2. Commissioners and office for all reasonable trav attendance at meetings of the Authority. established by the ARTICLE V '\ \ \ ,. .... rl