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HomeMy WebLinkAboutOctober 19, 1998ECONOMIC DEVELOPMENT AUTHORITY MINUTES Monday, October 19, 1998 5:30 p.m. Call to Order: Present were: President Barsness, Commissioners Kedrowski, Schenck, and Underferth, Executive Director Boyles, City Attorney Brokl, Planning Director Rye, Planning Coordinator Kansier, Planner Tovar, Assistant City Manager Woodson, Recording Secretary Oden. ' II. Pledge of Allegiance: President Barsness led the Pledge of Allegiance and welcomed everyone to the meeting. III. Approval of Minutes - September 21, 1998 MOTION BY KEDROWSKI SECOND BY SCHENCK TO APPROVE THE MINUTES OF THE SEPTEMBER 21, 1998 EDA MEETING. Upon a vote, ayes by Barsness, Kedrowski, Schenck, and Underferth, the motion carded. IV. Consent Agenda: A. None. V. Presentations: A. None. VI. Public Hearings: A. None. VII. Old Business: A. Request for Proposals for Redevelopment Plan Boyles: This RFP focuses on work products: Master Plan, Implementation Strategy, Financial Analysis, Development Timeline, Promotional Marketing Tools. Staff is seeking direction on the RFP, and approval so we can send it out. Proposals will be due by November 20. Kedrowski: What market base will we be sending this to? I :\TEMP\CITYCOUNXEDA\ED 101998.DOC 1 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 AN EQUAL OPPORTUNITY EMPLOYER Boyles: He is familiar with two firms, Ellerbe Becket and Lotus. The firms should be local and familiar with the area. Kedrowski: Are these architectural firms? Boyles: Not exclusively. Guenette: There are several firms in the area. They are Planning and Design firms. Suggest shortening deadline to a week earlier. Firms should be able to respond in two or three weeks. He can supply some additional firm names. Barsness: It would be good to have an analysis before the November 16th meeting, and have a brief review at the meeting. Boyles: In order to provide a good analysis, the staff needs sufficient time. Schenck: Suggested a special meeting or workshop on the last Monday of the month in November. Barsness: Executive Director Boyles should determine the deadline. His only concern was the implementation strategy, "less than five years" should perhaps be "less than three years". Guenette: Not a concern so much as number two, identification of key projects and locations. Boyles: The implementation strategy includes the plans for immediate (less than a year), short term (two to five years), and long term (five plus). Wanted them to identify the most urgent things, projects which will keep the ball rolling. Barsness: Likes 12 months. 1-3, or can identify in #2 without providing a certain number. Guenette: Wants something to happen in the short term which will signal that the process is underway. Barsness: In the financial analysis, HRA, part of project, specifically should be on the list as a contact. Kedrowski: Will it include Shakopee HRA? Barsness: When the proposals come back. Boyles: Is there a benefit in incorporating a multi-family project as part of the research? Guenette: With feedback from developers and Planning Design firms, there should be increased density, and housing components of some kind. To put that in the RFP would help identify it as a goal. The first project will likely include a housing component. MOTION BY KEDROWSKI, SECOND BY UNDERFERTH TO APPROVE THE REQUEST FOR PROPOSAL WITH THE CHANGES DISCUSSED. I :\TEMP\CITYCOUNXEDA\ED 101998. DOC 2 Upon a vote, ayes by Barsness, Kedrowski, Schenck, and Underferth, the motion carried. B. Vacant Lot Inventory Boyles: Refinements to the inventory include a total land inventory for commercial zoning and utilities, graphics legend, identification of various properties, and whether sewer and water are available. Kedrowsla': Who is this inventory available to besides us? Boyles: It is a public document. Kedrowski: The Scott County EDA should have a copy. Perhaps it should be sent to developers and Realtors. Boyles: Staff can provide the information to the Chamber, developers and Realtors. Comments from Commissioners: Barsness: The City has parcels, the "parking lot" downtown, should possibly be included. Kedrowsla': The City is the majority property owner downtown. Schenck: Parking will need to be provided. Barsness: Wait until we go through the redevelopment proposals. Underferth: We will need to get this to whomever develops a marketing plan downtown. Kedrowsla': Is there a list of property owners in the RFP? Boyles: Yes. VIII. New Business: A. None. IX. Other Business A. Review 1998-1999 EDA Goals and Objectives Boyles: Reviewed the 1998-1999 Objectives. Kedrowsla': Streetscape and improvement project? First should be the downtown redevelopment. I :\TEMP\CITYCOUN~EDA\ED 101998.DOC 3 Boyles: The goals are only addressing 1998-1999. Underferth: Concerned that streetscape public improvement project for downtown redevelopment project cannot be completed within a one year time frame. He wonders whether it should be modified. Guenette: Depending on the outcome of the redevelopment plan, some things may or may not be underway during this year. Boyles: The first step of the redevelopment goal (complete downtown redevelopment report) is done. Barsness: Recommends removing the three other bullets. Take out everything and leave in the downtown redevelopment plan. Boyles: Reviewed the remaining goals. Inventory of existing commercial and industrial properties has been completed. Kedrowski: What is the relationship between housing and commercial? Guenette: The Met Council has studied labor force issues. Kedrowski: We should perhaps consider the transportation issue. What about the future ring road? Guenette: A bigger concern is the availability of land for industrial development. Kansier: The alignment needs to be approved. The official map of the ringroad will be considered in December at the earliest by the Planning Commission. Barsness: What about the properties in agricultural preserve; when they come out, where will they be on the list? Rye: With agricultural preserve, there is a time frame. Properties will be out in three years. Until then they are not an option for development. Green Acres establishes a 10% reduction in market value as long as it meets the criteria for use. Barsness: Redevelopment is the primary goal. What else in the interim? Underferth: If we look these over, some of the secondary goals could be touched upon in the marketing plan. Concerned about Deerfield, and what is going to happen there. Barsness: What is the status on that? Boyles: There has been no progress as of yet. Rye: Their last request was City participation in extending Adelmann to the northern boundary. I:\TEMP\CITYCOUN~EDA\ED 101998. DOC 4 Underferth: Looking at Priordale Mall as a secondary objective, he understands it is fairly full, with low rents. Should the EDA just let this goal go? Guenette: Have not talked with the owners recently. Their redevelopment has not gone anywhere. The occupancy is up. They are not getting the rental rates they want. It is not realistic to consider it a priority. Barsness: The Priordale issue can wait until the ring road is resolved. Boyles: The Park Nicollet six acres should be considered as well. Guenette: Talked with Frauenshuh, they want to sell the property. Most likely a sale would be for residential uses. Sight lines and visibility are not that conducive to significant commercial development of the site. It would fragment our efforts if we try to do both this and redevelopment of downtown. Barsness: Is it appropriate for housing? If they are not getting access to other properties, it will never be appropriate for large commercial. Guenette: Not sure. Once the debt is paid off, it could be good to have the six acres for expansive commercial retail. Barsness: Is the towing shop for sale? Guenette: It would be something the City would not have to deal with later. He could negotiate a sale. Boyles: The area needs to be cleaned up. Rye: The asking price is $190K. There is a provision limiting liability in the Super Fund Statutes. B. Scheduling Business Retention Workshop Boyles: UMN Extension is offering 3 Dates for the workshop, The potential dates are Tuesdays November 10th, 17, or 24th. 3:00 p.m. - 5:00 p.m. Barsness: 17th will work. The EDA concurred. Ko Announcements or Correspondence Purchase Agreement Guenette: There is an amendment to the purchase agreement between EDA and H & S Investments, which would provide a schedule for payments based upon the actual closing date rather than the originally projected date. MOTION BY KEDROWSKI SECOND BY UNDERFERTH TO ADOPT AN AMENDMENT TO THE PURCHASE AGREEMENT AMENDING THE SCHEDULE OF PAYMENTS. I:\TEMP\CITYCOUN~DA\ED 101998.DOC 5 Underferth: Asked for a clarification of the new schedule. Guenette: This will delay the payment schedule for six months. Did not close on property until this Thursday. Upon a vote, ayes by Barsness, Kedrowski, Schenck, and Underferth, the motion carried. A. EDA Vacancy Boyles: Have received four applications and will begin the interview process soon with a representative from the EDA, the Mayor, Councilmember, self, and Planning Director Rye. Guenette: In contact with a developer regarding the multi-housing project proposed for downtown. It is apparent that it would not cash flow well. But the petitioner has secured additional equity partners suggesting he is seriously interested in the project. The site is just under three acres, there are soils issues and with the number of units, they abandoned looking at that project around downtown. Roger wants EDA authorization to expand the scope of the housing analysis so the City can work with the developer in hopes he will actually proceed with the project. Barsness: If they have an interest now, why wouldn't you continue to work with them? Guenette: They will need to make assumptions on where they will locate the project. This developer would be in the forefront before the RFP comes in. Underferth: Would encourage that. There are only a few places that a housing component could be in downtown. It would not be that difficult to work around. Rye: For the record, the City has not provided TIF assistance for housing projects. Guenette: There will be costs to them for land acquisition, demolition, and relocation. The EDA will likely have to wrestle with this issue. MOTION BY KEDROWSKI SECOND BY UNDERFERTH TO ADJOURN. Upon a vote, ayes by Barsness, Kedrowski, Schenck, and Underferth, the motion carded. The meeting adjourned at 6:54 p.m. Executive Director Recording Secretary I :\TEMP\CITYCOUN~EDA\ED 101998.DOC 6