HomeMy WebLinkAbout4 - Public Hearing TIF District No. 2-1
AGENDA NUMBER:
PREPARED BY:
SUBJECT:
DATE:
INTRODUCTION:
BACKGROUND:
DISCUSSION:
CENSUS '90
.
4
KAY SCHMUDLACH, ASSISTANT CITY MANAGER
CONDUCT PUBLIC HEARING ON TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT DISTRICT
NO. 2-1
FEBRUARY 20, 1990
The Prior Lake Economic Development Authority
held its first meeting on January 16, 1990 to
review a proposal for a Tax Increment
Financing Project. The proposal reviewed by
the Economic Development Authority was
submitted by Enivid Corporation who is
represented by Kathleen Nye-Reiling. A
recommendation was made by the Economic
Development Authority to the City Council
requesting the setting of a Public Hearing
date for February 20, 1990. This agenda item
has been prepared as background lnformation
for the Public Hearing on the Tax Increment
Financing Plan for Tax Increment District No.
2-1.
Prior Lake City staff have worked with
Consultant Roger Guenette and Enivid
Representative Kathleen Nye-Reiling to put
together the details of the proposed Super
Va1u project. Staff presented the
background information prior to the January
16, 1990 Economic Development Authority
meeting. The information distributed is good
background, however, staff has compiled a
package of supplemental information to further
inform the City Council of the project
specifics. An update on the Developers
Agreement and the supplemental information
attached will be described in the discussion
section of this memo.
The Enivid project proposal has evolved
through City/Developer negotiations over the
past year. Staff continues to negotiate on
minor issues that will be addressed in the
Developers Agreement. The financing plan
presented in the TIF document has been agreed
upon and staff is recommending approval of
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 I Ph. (612) 447-4230 I Fax (612) 447-4245
this document on February 20. The other minor
issues will be resolved and presented for
final approval in the Developers A9reement.
These include landscape and other slte ~lan
issues. Mary Ipel and Jim O'Meara of Brlggs
and Morgan have prepared a draft of the
Developers Agreement and will be making minor
modifications following final negotiations
between staff and the developers. These
negotiations are expected to take place over
the next 30-45 days.
The supplemental information has been briefly
described below. Councilmembers can refer to
the attachments to review the actual
documents.
A. Letter of Intent dated December 15t 1989
from Super Valu to Enivid Corporatlon
City Council members requested to see the
letter of intent from Super Va1u Stores
Inc., to Enivid regarding the development
proposal. Please see attachment A, a
copy of the letter of intent from Lyle
Fuller, Assistant Manager of Retail
Development for Su~er Valu stores Inc.,
to Kathleen Nye-Re1ling.
Letter dated Februa~ 21 1990 from Ronn
Hechter to City Offlcia s concerninq the
Gateway Center
B.
Mr. Hechter expressed concerns about the
impact the relocation of the Super Valu
Store will have on the Gateway Center.
Staff wishes to clarify several
statements made in the letter from Mr.
Hechter. First, the City did not use Tax
Increment Financing on the Gateway
Center. The Gatewar Center is not in a
Tax Increment Distr1ct and is therefore
not eligible for Tax Increment Financing.
Staff informed Hechter of this on more
than one occasion over the past year in
our discussions with him. Second, the
City is not aware that Mr. Hechter's
site of development (Franklin Trail and
Highway 13) requires soil corrections
because to date no engineering reports
have been made available to the City.
Staff has encouraged Mr. Hechter to fill
out the appropriate TIF applications to
initiate the process and as of yet he has
failed to do so.
2
C. Resolution of the Planninq Commission
findin9 the City of Prior Lake MN,
Econom1c Develo~ment Authority
Redevelopment Proiect Plan Conforms to
the city Plans for Development of the
Locality as a Whole
The Planning Commission reviewed the
proposed TIF project on Thursday,
February 1, 1990. Assistant City Mana~er
Kay Schmudlach, Developer Representatlve
Kathleen Nye-Reiling and City Planner
Horst Graser made a presentation to the
Planning Commission.
The project was found to be in compliance
with the City's Comprehensive Plan and a
Resolution statin<1 this was passed. The
Planning Commisslon did make several
recommendations regarding the landscape
plan. staff supports most of the
recommendations and will negotiate with
the developer to ensure their
entrance into the project.
The developer has withdrawn their request
for a sign variance at this time. A
variance may be applied for in the
future.
D. Summary of proiect Hiqhliqhts by Economic
Development Committee
The Prior Lake Economic Development
Committee has worked on this project for
many months. The Economic Development
Committee has passed a motion of support
for this project and prepared a two page
summary highlighting the strengths of
this project.
Chairman, Bob Barsness, will
to also discuss the EDC's
assist the Gateway Center
development needs.
E. Scott County Resolution of Support
be present
intent to
and their
The Tax Increment Financing project
pro~osal was delivered to Scott County
Adm1nistrator Joe Reis on January 10,
1990. City Manager Unmacht, Ass1stant
City Manager Schmudlach, and Consultant
Roger Guenette made a presentation to the
3
RECOMMENDATION:
ALTERNATIVES:
County TIF Review Team on January 25,
1990. Following the review, the County
Board approved a Resolution of Support
for this project. The motion was made
February 6, 1990 by Mark Stromwa11,
seconded by Ed Mackie and supported by
all Commissioners.
F. Prior Lake/Savage School District #719
Letter of Support
The Tax Increment Financing project
proposal was delivered to Leslie
Sonnabend, Interim Superintendent on
January 10, 1990. The School Board took
action on February 12, 1990 to support
the TIF proposal.
G. Editorials and Public Notice
copied for your review are 2 editorials
from the Prior Lake American and the
Public Notice for the Hearing.
H. Letter from Priordale Mall to the City
This letter outlines the position of the
Priorda1e Mall investors regarding this
project and its impact on them.
Staff recommends the City Council approve the
Tax Increment Financing Plan No. 2-1. Staff
also recommends that the Council authorize
staff to prepare a Developers Agreement that
reflects the negotiated elements of the TIF
project and other items needed to complete the
project.
The Prior Lake City Council has the following
possible alternatives to consider:
The Prior Lake City Council
the Tax Increment Financing
and direct staff to
Developers Agreement.
2. The Prior Lake City Council can table the
Tax Increment Financing Plan for a
specific reason and set a continuation
date for the Public Hearing.
1.
can approve
Plan No. 2-1
prepare the
4
3. The Prior Lake city council can deny the
Tax Increment Financing Plan for specific
reasons.
ACTION NECESSARY:
Motion to pass
Tax Increment
order.
Resolution 90-13 approving the
Financing plan would be in
Note:
Motion to authorize staff to prepare a
Developers Agreement would be in order.
Staff is revising Resolution documents and Tax
Increment Plan Documents to reflect a City Council
project as opposed to an EDA project. These will
be distributed prior to the meetin9' Staff
recommends that until the Council decldes on a
s~ecific role for the EDA, it is advisable to
mlnimize their formal "approval" role in the
development process. Staff would recommend
commencing an EDA meeting in the near future to
brainstorm on this subject.
5
AGENDA ITEM #4
Attachment A
December 15, 1989
1HE
REW~PPOKr
SUPER VALU STORES, INC.
MAILING ADDRESS:
P.O. BOX 1451 . MINNEAPOlIS, MN 55440
Ms. Kathleen Nye-Reiling
REAL ESTATE SERVICES
300 First Aven~e North
Minneapolis. MN 55401
RE: Prior Lake. MN
Dear Kathleen.
The purpose of this letter is to inform you that it is our intent to continue
working with you to place a new 30,000 s.f. Super Valu supplied supermarket in
Prior Lake. After reviewing several sites in this city, I continue to feel
that the site you have presented to me, located at Prior Dale Mall, continues
to be the best location for us.
I know we have many issues to overcome, such as, final site plan approval,
traffic control approval, zoning verification, street improvements and other
usual and customary conditions. It shall be a further condition of Super Valu
proceeding with this project, that we receive such environmental reports,
tests and evaluations as Super Valu may require in order to confirm the
acceptability of the leased premises to a retailer and/or Super Valu with
respect to applicable env~ronmental laws, regulations and ordinances.
It should be understood and agreed that Super Valu will not have any
obligation whatsoever to proceed with any transactions on this project unless
all preconditions have been satisfied and have been reduced to writing in
definitive documents, approved by all parties duly authorized and mutually
executed and delivered. My approval in principle to the project is further
subject to approval in the future by Super Valu's Vice President - Market
Development and legal counsel.
Kathleen, it is my intent to continue working with you on this project,
resolve all the issues, so we can start construction in the April-May 1990
time frame.
I have thoroughly enjoyed my working relationship with you these past many
months, and with special effort by all, I feel we can meet this timing.
Sincerely,
l le V. Fuller
Retail Development
Asst. Manager
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MINNEAPOuS DMSlON: 101 JEFFERSON AVENUE SOUTH. HOPKINS. MINNESOTA 55343. PHONE (6121932-4300
eit, of Prior Lake
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At:tacbImt B
PROPERTY MANAGEMENT SERVICES
Compl"t M.,..,tmt'" . M.t'ltt,.."ct St"ictr
P.O. BOX 3S092
EDINA, MINNESOTA SS43S 0 ~
9254055 ~ CD
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2/2/90
Dear Council Hembers
I am writing to let you know my concerns regarding city
financing to enable a developer you are dealing with to cost
effectively construct a grocery store behind the Priordale Hall.
This developer has disclosed that they intend to build for Super
Value Stores which is now located in the Gateway Center which I
currently own. I do believe that city funding should not be used
to interfere with our current lease which does run another 10
years. In fact robbing from Peter to pay Paul puts the entire
Gateway development area in disarray and will create loss of
other tenants. A Grocery store is the traffic builder to keep an
area alive, and Gateway Center itself was built through tax
incriment financing also, and is not fully paid of( to this date.
r have currently started development on approximately a 16,600
sq. ft. retail support center at the intersection of Franklin
Trail and Gateway Avenue, it also requires soil correction
although in dealing with Prior Lake in the past year I was aade
aware that the City did not intend to help fund any private
developments. it therefore took me an additional year to arrange
finances to proceed. I have already started an advertising
campaign to attract new tenants from the surrounding coaaunities
and have budgeted only lOX to advertise within the City of Prior
Lake itself. At this tiae City funding to provide another
developer to interfere with our current lease with Super Value
w9uld be devastating to the Gateway Center and to the new
Northgate Center. I have contacted Super Value to make them
aware of the misconception they were given by the other developer
that we had no room for them to expand, which is also totally
untrue and the site is expandable for up to 11,000 sq. ft. for
their use. I do believe that City funding ma, be essential for
attracting new tenants and business fro. other cities, but not to
displace tenant. from one location to another in the city without
very good considerations and planning being done.
cc: Beat & Flanagan,J.Diracles
Gateway Partner.
rete
NORTHGATE CENTER
Now LEASING:
17.000 square feet of new reta1l1ng opportunity near
our busy Gateway Center. Super Value and Snyders
Drug are enjoying the success of this location. now
you can too.
LoCATION:
One half block ofT Highway 13 on South Franklin
Trail. in growing Prior Lake. Minnesota.
Population: 13.000.
VISABILI1Y:
Excellent.
ACCESSABILI1Y:
Excellent.
NEW
RETAIL RATES:
Pre-construction rates through April '90. $9.25 -
$10.00 per square foot.
OPERATING
EXPENSES:
$1.50 per square foot estimated for 1st year.
OCCUPANCY:
Summer 1990.
SPACE
A V AILABILI1Y:
Spaces starting at 1.000 square feet.
For further leasing infonnation. please contact:
KEVIN LACASSE
Office - 454-1125
Mobile - 723-3294
RONN BEeHTER
Office - 929-4319
925-4055
AGENDA ITEM #4
Attachment C
CENSUS '90
.
RESOLUTION OF THE PLANNING COMMISSION FINDING
THE CITY OF PRIOR LAKE, MINNESOTA, ECONOMIC DEVELOPMENT AUTHORITY
REDEVELOPMENT PROJECT PLAN CONFORMS TO THE CITY PLANS
FOR DEVELOPMENT OF THE LOCALITY AS A WHOLE
WHEREAS, the City of Prior Lake, Minnesota, Economic
Development Authority Redevelopment Project No. 2 Plan dated
February 20, 1990 (the "Plan"), has been submitted to the City
Planning Commission pursuant to Minnesota Statutes, Section
469.027, and
WHEREAS, the Prior Lake Planning Commission has reviewed said
Plan to determine conformity of said plan to the general plan for
the development or redevelopment of the municipality as a whole,
and
WHEREAS, the Prior Lake Planning Commission is in agreement
with the City of Prior Lake, Minnesota, Redevelopment Authority
Project Plan;
NOW, THEREFORE, BE IT RESOLVED by the Prior Lake Planning
Commission as follows:
That the City of Prior Lake, Minnesota, Economic Development
Authority Redevelopment Project Plan dated February 20, 1990,
conforms to the general plan for the development of the
municipality as a whole and the Commission forwards the Plan to
the Prior Lake Economic Development Authority and the City
Council of the City of Prior Lake.
Adopted by the Planning Commission of the City of Prior Lake this
1st day of February, 1990.
C../Ipn<MJ ? Jr:jJ~.
Chalrman
Prior Lake Planning Commission
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
AGENDA ITEM #4
Attachment D
ECONOMIC DEVELOPMENT COMMITTEE
SUMMARY OF ENIVID CORPORATION PROJECT HIGHLIGHTS
The following items summarize briefly the highlights of the
Enivid project proposal. The Economic Development Committee
believes these items are project stren<1ths and request the City
Council to review them carefully pr10r to making a final
recommendation on the Tax Increment Financing Plan.
Access/Circulation
The current Priordale Mall area is characterized by
depreciating roadways and a generally deteriorating/rundown
Mall building and surrounding area. One of the problems of
the area is the lack of adequate circulation system and
limited and unorganized access from Highway 13 to the Mall
area.
The pro~osal before the City Council will improve the
circulatlon around the Mall by upgrading the roadway,
providing for pedestrian traffic, walkways, and instituting a
lighting system.
The Enivid ~roject has accelerated the City'S plan for a
transportatlon system within the commercial area. The City
did study the area with the assistance of
strgar-Roscoe-Fausch and prepared a plan for a ring road
construction through the property adjacent to the Mall. The
construction of the ring road as it continues both north and
south of priordale Mall will be completed as projects come in
for the surrounding area. With the completion of the entire
ring road, the City will see significant access/circulation
improvements. The Enivid project provides the impetus for
the City to complete one major component of the plan.
Parking
The Enivid development has been planned specifically for a
Super Valu store. The parking requirements for a Super Valu
grocery store are more stringent then the City'S.
Therefore, the parking provided by this project is more than
adequate, and should provide additional parking for the
Priordale Mall merchants.
Commercial/Retail Enhancement
The Priordale Mall has had very mixed results over the years.
The anchoring of the Priordale Mall with the grocery store
will positively impact the Priordale Mall and it's merchants.
The Economic Development Committee anticipates that the Mall
will experience more traffic and conversely be able to hold
smaller tenants longer. The addition of another tenant, such
as, a drug store will strengthen the vitality of the Mall
even further.
Employment
The proposed Super Valu store will add an additional 30-50
full and part-time jobs. The employment mar not be
significant in numbers relative to our neighbor1ng cities,
however, this increase in employment will make Super Va1u the
third largest employer of our city. The jobs created
provides a benefit to those persons who are currently
commuting to jobs in that they can shorten their travelling
time and save on costly commuting.
Project Quality
The Committee members spent a great deal of time with
Kathleen Nye-Reiling as the staff and Committee negotiated
the particulars of this project. Nye-Reilin<1 has proven to
be an honest, sincere developer representatlve. The staff
have spent a great deal of time reviewing the project
characteristics to ensure a quality development.
During the course of many negotiations, the developer has
been very agreeable in their commitment to enhancing the site
and making City recommended quality improvements to the Plan.
The Economic Development Committee anticipates that the City
council and the community will be pleased with the
development because of its quality, the enhancement to the
commercial area, and the business stimulation that results
from this project.
,01).,-, L..,jj.'.LI 4. "'''''''''.1 J. 1/.....
Attachment E
BOARD OF COUNTY COMMISSIONERS
scon COUNTY, MINNESOTA Page 1 of 3
Date February 6, 1990
Resolution No.. 90015
Motion by Commissioner
Str()l1'Wall
Seconded by Commissioner Mackie
RESOLUTION NO. 90015; COMMENTING ON THE PROPOSED CITY OF
PRIOR LAKE, MINNESOTA, ECONOMIC DEVELOPMENT AUTHORITY
TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT DISTRICT NO. 2-1
WHEREAS, a proposed City of Prior Lake Economic Development Authority Tax
Increment Financing Plan for Tax Increment District No. 2-1 was filed with the
Scott County Board of Commisioners on January 12, 1990; and
WHEREAS, the Scott County Board of Commissioners has adopted Resolution No.
88116; Establishing the Scott County Policy and Procedures Regarding Tax
Increment Financing; and
WHEREAS, the Prior Lake City Council has set February 20, 1990, as the date
for the public hearing regarding the Proposal, at which hearing comments or
questions relating to the Proposal will be received; and
WHEREAS, the Scott County Tax Increment Financing Review Team (the Team)
met with City of Prior Lake representatives regarding the Proposal on
January 25, 1990; and
WHEREAS, the responsiveness and thoroughness of the presentation by the
City of Prior Lake representatives addressed all of the issues contained in the
Scott County TIF Policy and Procedures as well as the questions of the Team;
and
YES
NO
Koniarski
Bohnsack
Mertz
Stromwall
Mackie
Koniarski
Bohnsack
Mertz
Stromwall
Mackie
State of Minnesota } 55.
County of Scott
I, Joseph F. Ries, Duly appointed, Qualified and acting County Administrator for the County of Scott, State of Minnesota. do hereby
certify that I have compared the foregoing copy of a with the original minutes of the proceedings of the Board of
County Commissioners, Scott County, Minnesota, at their session held on the day of 19_, now on file in my
office, and have found the same to be a true and correct copy thereof.
Witness my hand and official seal at Shakopee, Minnesota, this day of
County Admlnl.'r.'or
01010-2004
Iy
Admlnl"rI'or'. 0..11I....
BOARD OF COUNTY COMMISSIONERS
scon COUNTY, MINNESOTA
Page 2 of 3
Resolution No.. 90015
Date February 6, 1990
Motion by Commissioner
Strorrwall
Mackie
Seconded by Commissioner
WHEREAS, the assistance and cooperation of the City of Prior Lake in
expediting this TIF review allows the County Board to make its comments
available for the public hearing.
NOW THEREFORE BE IT RESOLVED, that upon the recommendations of the Scott
County Tax Increment Financing Review Team (the Team), the Board of
Commissioners in and for the County of Scott, Minnesota, goes on record with
the following comments regarding the proposal:
1. That the information presented by the City of Prior Lake
representatives at the meeting with the Team on January 25, 1990,
addressed all of the issues contained in Scott County Resolution No.
88116.
2. That the proposed district consists of parcels whose soil conditions
are such that before development can occur, it will be necessary to
excavate and backfill with engineered fill. The estimated costs of
correcting the existing soil conditions will exceed the anticipated
fair market value upon completion of the preparation.
3. That the proposed development is consistent with the City's land use
plan which was adopted pursuant to Minnesota Statutes, Section
473.851 - 473.872 and reviewed by the Metropolitan Council.
YES
NO
Koniarski
Bohnsack
Mertz
Stromwall
Mackie
Koniarski
Bohnsack
Mertz
Stromwall
Mackie
State of Minnesota } 55.
County of Scott
I, Joseph F. Ries, Duly appointed, qualified and acting County Administrator for the County of Scoll, State of Minnesota, do hereby
certify that I have compared the foregoing copy of a with the original minutes of the proceedings of the Board of
County Commissioners, Scoll County, Minnesota, at their session held on the day of 19 _, now on file in my
office, and have found the same to be a true and correct copy thereof.
Witness my hand and official seal at Shakopee, Minnesota, this day of
Counl, Admlnlllrelor
01010-2004
I,
Admln..lrelor'. 0..11....
BOARD OF COUNTY COMMISSIONERS
scon COUNTY, MINNESOTA Page 3 of 3
Date February 6, 1990
Resolution No.. 90015
Seconded by Commissioner
Mackie
Strafl\.Vall
Motion by Commissioner
4. That the proposed development, in the opInIon of the municipality,
would not reasonably be expected to occur solely through private
investment within the reasonably foreseeable future.
5. That the Proposal will not require the issuance of general obligation
bonds and that the developer will provide financing for the Proposal
6. That given the present financial prospects of the beneficiary of the
Proposal, the opportunity for significantly increased property tax
revenues makes for a good return on investment associated with the
Proposal.
7. That based upon the presentation of the city of Prior Lake and with
the understanding that the district will have a maximum duration of
twelve (12) years and thereafter be dissolved, and the full estimated
market value will be available as a tax revenue source.
8. That the City of Prior Lake has significantly less than ten percent
(10%) of its tax capacity subject to TIF.
BE IT FURTHER RESOLVED, that given the favorable consideration by the Prior
Lake City Council regarding the concern as to the limitation on the duration of
the district, the Scott County Board of Commissioners goes on record in support
of the Proposal.
BE IT FINALLY RESOLVED, that the County Administrator is directed to
forthwith convey this Resolution to the Prior Lake City Council through its
City Manager for placement into the record of the Public Hearing held pursuant
to Minnesota Statutes, Section 273.74, Subd. 2, on February 6, 1990.
YES NO
Koniarski X Koniarski
Bohnsack X Bohnsack
Mertz X Mertz
Stromwall X Stromwall
Mackie X Mackie
State of Minnesota } ss.
County of Scott
I, Joseph F. Ries, Duly appointed, qualified and acting County Administrator for the County of Scott, State of Minnesota, do hereby
certify that I have compared the foregoing copy of a reso] llt. i on with the original minutes of the proceedings of the Board of
County Commissioners, Scott County, Minnesota, at their session held on the 6th dayof FebruaIVl9~, now on file in my
office, and have found the same to be a true and correct copy thereof.
Witness my hand and official seal at Shako pee, Minnesota, this
7th
199
01010-2004
Admlnl,lr,lcw', o.,lll""
AGENDA ITEM #4
Attachment F
INDEPENDENT SCHOOL DISTRICT 719
Box 539 · 5300 WestWood Drive Southeast
Prior Lake, Minnesota 55372 · 447-2185
February 13, 1990
Dave Unmacht, City Manager
City of Prior Lake
4629 Dakota street S.E.
Prior Lake, Minnesota 55372
Dear Mr. Unmacht and City Council Members:
The Prior Lake School Board has voted unanimously to support the
Prior Lake TIF District as outlined under the following
conditions:
1. The existing time period as set forth in the proposal would
not be extended
2. The proceeds should be used for soil corrections and street
improvements onlr and not expanded to other uses or
projects not def1ned by this existing pro~osal
3. The overall amount of the TIF valuation w1thin the City of
Prior Lake should remain within the guidelines as set forth
by Scott County
4. This project is truly a project that meets the test of "what
if" re: this project would not be able to proceed without
the soil corrections and street improvements being completed
with TIF money.
The district does have a concern for the realignment of County Road
#23 to meet Five Hawks Avenue. In discussions with Citr staff it
is understood that this realignment will be a top priorlty when a
development project is found for the adjoining areas.
Sincerely yf)rs, ~ n
~~~
Dr. Les Sonnabend
Interim Superintendent
LS:ojr
c.c. Bill Schmokel
Mel Sauter
An Equal Opportunity School District
Paee 4/Januarv 29. 1990IPRJOR LA~~~RJ~ #4
o
. .
IDIOnS
EditorlaJ:
Yes, a super value
At the heart of almost any small town, you 'U find
a common character - the local grocery store.
In the Midwest, it was that way for decade upon
decade, generation. upon generation, _until mass
merchandising and centralized shopping patterns
developed in a generation which uses a car more
readily than its predecessors.
Much has changed. Then again, much has stayed
the same.
The demand remains for a local grocery store, the
preference of local residents to shop at home rather
than drive many miles for the most basic commodi-
ties. But the demand also dictated that the "small"
store had to make amends - large amends _ to
maintain the loyalty of local residents knowing they
could get a better deal elsewhere.
A recent proposal which would site a 30,000- to
4O,OOO-square-foot Super Valu supennarket near the
Priordale Mall stands tall on its own merits. It would
provide Prior Lake with a modem and large enough
grocery center, a virtual one-stop food market supe-
rior to either the current Radennacher's Super Valu
or Hauser's lOA.
It would meet and exceed the minimum criteria
demanded by residents who increasingly have
worked trips to warehouse type supermarkets in
Bumsville and elsewhere into their busy, two-in-
come schedules.
But aside from the basics, the project proposed
before the city's new Economic Development Au-
thority bas other virtues of signiflClnce _' pluses
which only make the idea more attractive.
First, it would carry its own weight, for the most
part. Tax increment financing - generally using
new property tax doUars to pay for site improve.
ments needed - would be of the most conservative
nature (from the city's standpoint), forcing the de.
veloper to provide money up front rather than public
bonds leaving the city at risk.
The supennarket would be tied to the construc-
tion of a new ring road, providing better, safer access
to the building as well as the Priordale MaU.
The store would be located next to a struggling
mall, whose major anchor is a grocery store almost
half the size of the Proposed supennarket. As strip
malls are increasingly discovering, the trick to .
successful center is not always a major department
store tenant, whose financial security (Carson, Sears
and Bloomingdales come to mind) appear increas-
ingly at risk these days. Rather, the draw of a
competitive grocery store - an old fashioned ideal
- serves as a heavy anchor.
If.. ..
Let's be honest. Uke any economic development
project, the key to success is th.orough planning and
a sensible consideration of demographics. Call it
common sense-plus.
Priordale Mall will continue to struggle if the
stores within it serve a clientele too fragmented to
cover overhead costs. The mall must market itself as
a useful extension of the supennarket. It must do
simple things, like improve' its appearance in what
currently amounts to a run-down appearance where
an attractive "back door" should be. And it must find
another significant other - a second anchor to many
the two free-standing structures.
And plans to build an adequate infrastructure _
roads surrounding the new development _ must be
well-planned, encouraging traffic free of snarl-ups
and fender-bender mishaps. Parking must be abun-
dant, providing maximum space rather than budget.
conscious .minimals.
The only thing missing from the. project is .
promise. That is, a pledge from local residents that
they will settle for "big enough" in lieu of the mega-
stores already standing and being planned close to
Prior Lake.
Residents will have a chance to show their sup-
port - and list their concerns, too - at a public
hearing before the City Council Feb. 20.
For now, we'll say we feel the project represents
the hybrid of an old-fashioned idea aimed at the heart
of a modem generation of shoppers and oonsumers.
Let's hope enough of us agree. .
8)' JIM RICCIOU
- .. .
. Pa2e 4/Feb.,.an 12. 1990IPRlOR lAKE AMERICAN
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o
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IDIODS
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,
~Editorlal:
the role of business
.
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.
Short of a surge of people power, Prior Lake's ments is within a realm of POSSibility. .
:greatest resource for its future health may be its Small business can also help. Prior Lake's cur-
;businesses. rent Chamber of Commerce would be only to happy
We've talked about the importance of people's to see local business owners join the chamber to turn
'concerns and emotional investment in Prior Lake. it into a more viable business voice in the commu-
And, as always, that's important. Our greatest abililY nity. .
is to support the city in its efforts for long term What can the chamber do? Only make investment
~nomic improvements and to keep ourselves in in the growing community easier, perhaps through
~tune with local current events. . such a simple service as providing JItollps to prospec-
~ But, admittedly, there's some things that peopl~ tive business makers, ~rving as a public relations
1-- at least, as individuals - can't do. voice on such issues as superma.rbt expansion,
~ We can't keep businesses in town. We can't open lobbying for council support for its members, etc. In
{the doors of new business. And we can't individually general, a good chamber can provide leadership as
~invest large sums of money or land like businesses no other non-business resident can. .
pn. . Investment by business also means giving Prior
~ The prospect of a 3O,OOO-square-foot supermar- Lake the benefit of the doubt during lean times.
let in Prior Lake is important for several reasons. But Consider the situation at Gateway Center, current
one of the most positive innue'nces Enivid Corp. 's home to Radermacher's. Should Radermacher's
:and Super Valu 's project might have, if approved, on choose to move to another iocation in town, Gate-
:us is the message that it sends to other businesses: way's remaining tenants might be tempted to jump
'rior Lake is worth investing in. the gun, finding retail space elsewhere rather than
: It's DO secret that Prior Lake's economic expan- waiting for tho smoke to clear. ·
sion has been ooncentrated on strip maD and resideD- If informally .announced plans to expand ,die
tial home development, each of which has' played an Gateway co~plex bold true, there may be DO mISOD
important role in prepping the city for a better future. . for other tenants to leave the site. In fact, it ~gbt be
: Now that the population, which will likely top in the city's (and residents') best interests iftbeySlly
11,000 in this year's census tally, has brought the right where they Ire.
:people and strip malls have incubaled growing busi- Or, it mi~tllOt be. But businesses should at least
:.nesses (including Radermacher's Super Valu~ busi- assess the SItuatiOn, avoiding I knee jerk reaction.
:ness people with the resoUrt:e5 to do so must make. Of OOUJ'SC, residents can help.1ocal businesses by
.the investment in Prior Lake. supporting and patronizing' them. After all, I~
. There's business to be bad. And the city, by support increases investor confidence. and Jives
itaking inventory on availablecommerclallands, is businesses I more compeUing JeUOIl to mv. In
~iIIing to help investors find useful land. If the expansion in Prior Lake. In the eod, raidenb WiD see
;Pt:Oject is worthy enough, economic assistance in the the benefit in I diversitlcd tax bile.
~orm of taX increment financing for public improve- B! ~ Rlcaou
..
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County stands behind
use of TIF for Super Valu
B)' AnD Schwartz
Special Correspondent
The Scott County Board went on
reoord Tuesday backing a proposed
3O,cxx>-square-(oot grocery store to
be built in Prior Lake.
Under a development proposal
which will be the subject of a public
hearing inCity Han Feb. 20, the proj-
ect would use tax increment rmane-
ing (I1F). Since such financing
would affect the oounty's tax base,
the oounty board was entitled to
review and comment OQ the project.
Because o( poor soU coodillOOS
on the site Dear PriordaJe Man, the
developer and the city maintain that
the project oould DOt be finaDa:d
solely with private denars. With
"pay as you go" tax increment dol-
lars. tbe city would pay beck a Joan
taken out by the developer to pay (or
~a r~'!~'~~.j\nd OC;ber related
improvements. In e((ect, the proP-
enr. tax dollars generated by the new
building would help payoff the loan.
Since no general obligation
bonds will be issued (or the. eroject,
and it is expected to significantly
increase the propcny tax revenu~
(or the city, it is a good investment
(or Prior Lake, according to the resQ-
lution passed by the County Board
Feb. 6. ~
The 3O,OOO-square-fOOl storo,
which would be expandable te)
40,000 square feet, would employ 8Q
to 90 full and pan-time employees,
adding 40 to SO new jobs over the
present Super Valu grocery store ~
the city, acCordin, to documentatiOl
supplied by the Clty. I
Annual payroll will be $85O,lXXi
Estimated propeny taxes from ~
store, beginning in 1992, are pror
I iected at $48,~~ ~.~. .:
., ~.."'f"''lf~' .
AGENDA ITEM #4
Attachment H
SJ\io'tdalL cMall [fnUE.~tou
12800 !JnJu~h.la.l Pa.t.' !Bou!,.IJQ...d, <::SulU 100 · Plymouth, o'Uc::::N , !J44 1 · (612) !J' 3-9800
February 7, 1990
Dear Dave:
I?~c~
f..., r;;;:IVE:D
C: - "'!J T5!J(}
p~~
~
Mr. Dave Unmacht
City Manager, City of Prior Lake
4629 Dakota Street
Prior Lake, MN 55372
I attended a recent Planning Commission meeting regarding the proposed Enivid
Corporation development of a Super Valu store on land located to the south of
the land owned by Priordale Mall Investors. I understand that city staff has
made several requests of Priordale Mall Investors in regard to Enivid's grocery
development and I would like to reply to those requests.
First, Priordale Mall is pleased that development is occurring in the
surrounding areas. Indeed, it is this type of supporting retail activity that
will strengthen Priordale Mall. We have agreed to provide cross-easements for
parking for the new development because it ultimately will benefit the area and
because Enivid is planning to pay for the parking lot improvements in return
for the cross-easement.
Priordale currently has a lease with Gateway for the IGA store at Priordale.
At this time we do not know when IGA is planning to terminate their lease which
expires in November 1991. If they do vacate early, or if they vacate in 1991,
it is our intention to re-anchor the mall with a drug store.
At that time, we will address plans to add landscaping to the mall area,
restripe the parking lot, and add islands and lighting consistent with the
grocery store lot. A new anchor store will probably mean a new entrance to the
mall in the southwest corner. Again, we would like to wait until this is in
the works before spending money on landscaping, striping, and lighting.
Your request for a 12' easement for Toronto road and sidewalks will be granted
as long as there are no costs to Priordale Mall for utility burial or for the
relocation of the bus shelter. We are now investigating the bus shelter issue.
We are willing to pay assessments for lighting, roads, and sidewalks.
Finally, we join with Marquette Bank, Hollywood Inn, and many Prior Lake
retailers in supporting the expansion of the retail district. It can only
mean additional jobs and the opportunity to keep Prior Lake dollars in the
community.
~~:;r~
Neil Boderman
Priordale Mall Investors
~
IfI1 qO
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RESOLUTION 90-14
RESOLUTION OF THE PRIOR LAKE CITY COUNCIL APPROVING
TAX INCREMENT FINANCING DISTRICT NO. 2-1 PLAN
CENSUS '90
.
MOTIONED BY
WHITE
SECONDED BY
SCOTT
WHEREAS, the Prior Lake Economic Development Authority (the
"Authority"), pursuant to a resolution approved the City
of Prior Lake, Minnesota, Economic Development Authority
Tax Increment Financing Plan for Tax Increment District
No. 2-1, dated February 20, 1990 (the "Plan"); and
WHEREAS,
the Authority has transmitted the Plan,
resolution, has applied to the City Council
of Prior Lake, Minnesota (the "City") for
the Plan; and
WHEREAS, it is desirable and in the public interest that the City
undertake and carry out the Plan pursuant to Minnesota
Statutes, section 469.174 to 469.179, encompassing the
area which is more particularly described on Exhibit A
attached hereto and made a part hereof, (which area is
herein called "Tax Increment Financing District No 2-1"
or the "District"); and
and, by
of the city
approval of
WHEREAS, the Plan sets forth the estimate of the
economic impact of tax increment financing
capacity values of all taxing jurisdictions
Districts are located; and
WHEREAS, the Board of Scott County, Minnesota, has been notified
of the public hearing for the review of the Plan
booklet, and
fiscal and
on the tax
in which the
WHEREAS, the School Board of Independent School District No. 719
has been notified of the public hearing for the review
of the Plan booklet, and
WHEREAS,
the city has received and considered the
Prior Lake County Board, and the School
Independent School District No. 719,
contents of the Plan booklet, and
the City Council on February 20, 1990,
published a notice of public hearing in
newspaper of the City, conducted a public
Plan booklet and received public comments
comments of the
Board of the
respecting the
WHEREAS,
after having
the official
hearing on the
on the same;
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
PRIOR LAKE, MINNESOTA, that
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
Section 1.
Section 2.
section 3.
section 4.
section 5.
Section 6.
Section 7.
The City finds and determines that there is a need
for the activities of the City of Prior Lake,
Minnesota, Redevelopment Project to be financed, in
part, by the tax increments from the Districts.
The City finds and determines that the activities
set forth in the Plan booklet will establish, for
the City, the opportunity to eliminate blight,
promote redevelopment and economic development.
This development will create job opportunities and
enhance the local tax base.
The City finds and determines that
for redevelopment activities and
benefits are in the public interest
the expenditures of the Districts
purpose.
The tax increment financing plan as set forth in
the Plan booklet having been duly reviewed and
considered is hereby approved and adopted, and the
area contained in Tax Increment District No. 2-1
delineated and described in Exhibit A hereto is
hereby designated as a soils condition district
pursuant to Section 469.174, Subd. 19, of Minnesota
Statutes.
the provisions
the resultant
of the City and
are a public
The Citr finds that Tax Increment District No. 2-1
is a sOlls condition district, the specific basis
for such determination is that less than 70 ~ercent
of the parcels in the district are occupled by
buildings, streets, utilities, or other
improvements and that unusual terrain or soils
deficiencies for 80 percent of the acreage in the
district require substantial filling grading or
other physical preparation for use. The estimated
cost of the physical preparation excluding costs
directly related to roads and local improvements,
when added to the fair market value of the land
upon inclusion in the district exceeds the fair
market value of the land upon inclusion in the
district exceeds the fair market value of the land
upon completion of the preparation. Facts for this
determination are set forth in the Plan booklet and
shall be retained and made available to the public
until Tax Increment District No. 2-1 has been
terminated.
That the proposed development, in the opinion of
the City, would not reasonably be expected to occur
solely through private investment within the
reasonably foreseeable future and, therefore, the
use of tax increment financing is deemed
necessary.
That the tax increment financing ~lan will afford
maximum opportunity, consistent wlth sound needs of
the City as a whole, for the development of the
Project by private enterprise.
section 8.
section 9.
section 10.
Section 11.
section 12.
Section 13.
That it is herebf found and determined that the tax
increment financ1ng plan set forth in the Plan
booklet conforms to the general plan for the
development of the City as a whole.
That the reasons and supporting facts for findings
5, 6, 7 and 8 as set forth on pages 8, 9 and 10 of
the Plan booklet are by this reference confirmed
and adopted.
The Citr does not anticipate that relocation will
be re9Ulred as a result of activities in the
Distr1ct. If relocation is necessary then
assistance will be provided to all persons, unless
they desire otherwise, displaced by the
implementation of the District.
The City Manager shall re9Uest the auditor of Scott
County to certify the or1gina1 tax capacity and
original tax capacity local tax rate of the
District approved by this resolution.
That the city hereby states its intention to
all of the captured tax capacity for pur~oses
tax increment financing as per the conditlons
forth in the Plan booklet.
use
of
set
That the City Council does hereby ap~rove the City
of Prior Lake, Minnesota, Econom1C Development
Authority Tax Increment Financing Plan for Tax
Increment District No. 2-1, dated February 20,
1990.
Passed and adopted this 20th day of February, 1990.
YES
{Seal}
NO
Andren
Fitzgerald
Larson
Scott
White
x
Abstilned
Absent
X
-X
Andren
Fitzgerald
Larson
Scott
White
EXHIBIT "A"
TO
CITY COUNCIL RESOLUTION NO. 90-14
The following parcels are to be included in District No. 2-1:
Parcel #25-177-002-0
Parcel #25-177-003-0
RESOLUTION 90-13
RESOLUTION OF THE PRIOR LAKE CITY COUNCIL
APPROVING REDEVELOPMENT PROJECT NO. 2 PLAN
CENSUS '90
.
MOTIONED BY
SCOTT
SECONDED BY
WHITE
WHEREAS, the Prior Lake Economic Development Authority (the
"Authority"), ~ursuant to Resolution No. 90-13 approved
the City of Prlor Lake, Minnesota, Economic Development
Authority Redevelopment Project Plan dated February 20,
1990 (the "Plan"); and
WHEREAS,
the Authority has transmitted the plan
resolution, has applied to the City Council
of Prior Lake, Minnesota (the "City"), for
the Plan; and
WHEREAS, it is desirable and in the public interest that the City
undertake and carry out the Plan pursuant to Minnesota
Statutes, section 469.001 to 469.047, encompassing the
area which is more particularly described on Exhibit A
attached hereto and made a part hereof, (which area is
herein called the "City of Prior Lake, Minnesota,
Economic Development Authority Redevelopment Project" or
the "Project"); and
and, by
of the City
approval of
WHEREAS,
the City on the date hereof, after having
notice of public hearing in the official
the City, conducted a public hearing on
received public comments on the same.
published
newspaper
the Plan
a
of
and
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
PRIOR LAKE, MINNESOTA, that
section 1.
That the area described in said Plan is a
Redevelopment project within the meaning of
Minnesota statutes, section 469.002, Subd. 14, and
is described and designated in Exhibit A attached
hereto.
section 2.
That said Plan and project will carry
purpose and policy of Minnesota Statutes,
469.
out the
Chapter
4629 Dakota 51. 5.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
That the land in the Project area would not be made
available for redevelopment without the financial
aid to be sought.
That the Redevelopment Plan for the Project area
will afford maximum op~ortunity, consistent with
sound needs of the C1ty as a whole, for the
redevelopment of the such area by private
enterprise.
That is it hereby found and determined that the
Redevelopment Plan for the Project area set forth
in the Plan booklet conforms to the general plan
for the development of the city as a whole.
That the City council of the City of Prior Lake,
Minnesota does hereby approve the Plan as presented
in the booklet entitled "City of Prior Lake,
Minnesota, Economic Development Authority
Redevelopment Project Plan", dated February 20,
1990.
Passed and adopted this 20th day of February, 1990.
section 3.
section 4.
Section 5.
Section 6.
{Seal}
YES
NO
Andren
Fitzgerald
Larson
Scott
White
Andren
Fitzgerald
Larson
Scott
White
x
AbstaIned
Absent
X
X-
Lake
EXHIBIT A
TO
PRIOR LAKE CITY COUNCIL RESOLUTION NO. 90-13
The boundaries of the City of Prior Lake, Minnesota, Economic
Development Authority Redevelopment Project are identified as
follows:
commencing at the intersection of the northwest right-of-way
line of Trunk Highway 13 and the south right-of-way line of
170th street; thence northeasterly along said northwest
right-of-way line of Trunk Highway 13 to an intersection with
the west right-of-way line of Duluth Avenue; thence north
along said west right-of-way line of Duluth Avenue to an
intersection with the north ri<1ht-of-way line of Anna Trail;
thence east along said north rl<1ht-of-way line of Anna Trail
continuing to an intersection wlth the west right-of-way line
of Brunswick Avenue; thence south along said west
right-of-way line of Brunswick Avenue to an intersection with
the north boundary line of the Colonial Estates Subdivisions;
thence west along said north boundary line of the Colonial
Estates Subdivisions to an intersection with the east
boundary line of Parcel #25-902-042-0; thence south along
said east boundary line of Parcel #25-902-042-0 and
continuing south to an intersection with the south section
line of section 2, Township 114, Range 22; thence west along
said south section line to an intersection with the northwest
right-of-way line of Trunk Highway 13 and there terminating.
PRELIMINARY REPORT AND ESTIMATE OF COST
FOR THE
CITY OF PRIOR LAKE
PUBLIC IMPROVEMENT PROJECT NO. 90-12
STREET IMPROVEMENT - STORM SEWER, GRADING
AGGREGATE BASE, CONCRETE CURB AND GUTTER, BITUMINOUS
SURFACING, SIDEWALK, BIKEWAY, LIGHTING, AND
APPURTENANT WORK
FEBRUARY 20, 1990
I. TYPE OF WORK
The general nature of the improvement project is for the
upgrading of Toronto Avenue from Tower street to Trunk
Highway 13, the realignment of Tower Street and Vine Street,
and the realignment of Duluth Avenue to the realignment of
Tower Street and Vine Street.
Improvements in this project include storm sewer, grading,
aggregate base, concrete curb and gutter, bituminous
surfacing, sidewalks, bikeways, lighting, and landscaping.
II. LOCATION OF THE PROJECT
The project area is located in the south half of Section 2,
Township 114, Range 22 in Scott County, Minnesota.
Project location of the different project areas are descibed
as follows and as shown on the attached map:
AREA II
The upgrading of Toronto Avenue from Tower Street
to Trunk Highway 13.
The realignment of Tower Street and Vine Street
from CSAH 23 to Toronto Avenue and the realignment
and extension of Duluth Avenue to the new alignment
of Tower Street and Vine Street.
AREA I
III.DESCRIPTION OF PROJECT
AREA I
The improvement will remove and reconstruct the existing
street pavement section on Toronto Avenue.
storm sewer, concrete curb and gutter, sidewalk, lighting,
and landscaping improvements will be included with the
reconstruction of the pavement section. A portion of Toronto
Avenue from Tower street to approximately 600 feet north is
designated as a Municipal state Aid (MSA) street and will be
built to MSA Standards. From approximately 600 feet north to
800 feet north of Tower street, the street will receive a
bituminous overlay with no concrete curb and gutter. This
portion of Toronto Avenue is planned eventually to curve to
the east and connect with Franklin Trail. When this portion
of Toronto Avenue is routed to the east, the street section
will be reconstructed to MSA Standards. The remaining
portion of Toronto Avenue will be reconstructed to a
permanent street pavement section with concrete curb and
gutter, sidewalk, landscaping, lighting and defined driveway
entrances to adjacent commercial properties.
AREA II
The improvement in this area includes the realignment of
Vine street and Tower Street and the realignment and
extension of Duluth Avenue to this new alignment. Vine
street and Tower Street have been designated as Municipal
State Aid streets and will be built to MSA Standards. The
realignment of these streets was required to obtain MSA
designation of these streets and Toronto Avenue. Storm
sewer, concrete curb and gutter, sidewalk, bikeway, and
lighting improvements will be included with the construction
of the street pavement section.
IV: LENGTH OF PROJECT
AREA I & II
This proposed project area consists of approximately 2,150
lineal feet of bituminous street and sidewalk construction
and 1,900 lineal feet of lighting improvements.
V. FEASIBILITY
From an engineering standpoint, this project is feasible and
can be accomplished as proposed and not in conjunction with
any other project.
VI. ESTIMATED COST
The following costs were prepared based upon
Estimate and are subject to change depending
design of the project, bids received, and
performed. The method of assessment and
determined at the Assessment Hearing.
The estimated project cost below includes 25% indirect costs:
an Engineer's
on the final
actual work
rate will be
The street construction of Toronto Avenue from Tower street
to Trunk Highway 13; the sidewalk and bikeway construction on
Toronto Avenue, Tower street - Vine Street realignment and
Duluth Avenue; and the lighting construction on Toronto
Avenue and Tower Street realignment to the Duluth Avenue
intersection.
PROJECT COST ............... $317,250.00
The estimated project cost below includes 18% indirect costs:
This project cost is for the new street construction
for the reali9nment of Tower Street to Vine Street and
Avenue extenslon to the realignment. Previously both
Street and Duluth Avenue were improved and assessed.
The indirect costs are less as bonding is not necessary
this project area as MSA funds will be utilized to fund
project area. The cost estimate for this area was
without the benefit of soil borings. This soil boring
is currently underway.
needed
Duluth
Tower
for
this
done
work
PROJECT COST
$247,500.00
TOTAL PROJECT COST ......... $564,750.00
VII.PROPERTY TO BE ASSESSED
The area proposed to be assessed is every lot, piece, and
parcel benefitting from said improvement, whether abutting or
not, within the following described areas:
The south 1/2 of Section 2, Township 114, Range 22, Scott
County, Minnesota.
Specific property descriptions included in the
description area, but not exclusive, are as follows:
above
The plat of Brooksville Center, 1st Addition
The plat of Brooksville Center, 2nd Addition
The unplatted pro~erty abutting Toronto Avenue
in the City of Prlor Lake, Scott County, Minnesota.
VIII.ESTIMATE ASSESSMENTS
The improvement cost will be recovered through a combination
of special assessments and Municipal State Aid Funds, and
excess increment from the tax increment district. Excess
increment from the tax increment district may also be used
to reduce MSA funds for the project.
This improvement area will have three different assessment
rates and includes the street improvements to Toronto Avenue
from Tower street to Trunk Highway 13, lighting improvement
on Tower Street and Toronto Avenue, and sidewalk and bikeway
improvement on Duluth Avenue, Tower street, and Toronto
Avenue. The project costs for this area will be assessed as
follows:
1. Bituminous surfacing, concrete curb and gutter,
storm sewer, and landscaping improvements will be
assessed at 60% of the cost.
2. Sidewalk and bikeway improvements will be assessed
at 100% of the cost.
3. Lighting improvements will be assessed at 100% of
the cost.
street overlay/reconstruction and curb improvements of
presently paved streets have been assessed at sixty (60%) of
the total project cost against the benefitting properties in
past projects.
The portion of Toronto Avenue from approximately 600 feet to
800 feet north of Tower Street will not be upgraded to a
permanent street section with concrete curb and gutter at
this time. Property abutting this portion of Toronto Avenue
will not be assessed until the street is reconstructed to a
permanent street section in the future.
sidewalk and bikeway improvements are to be assessed 100% of
the cost and will be assessed to the individual property
owner where the improvement is done.
Lighting will be assessed at 100% of the cost and
concurrently both sides of a street where
improvement is done.
assessed
lighting
ASSESSABLE COSTS
street Improvement Project Cost (Toronto Ave.).. $244,000.00
Sidewalk Improvement Project Cost .............. $ 38,000.00
Lighting Improvement Project Cost .............. $ 35,250.00
TOTAL PROJECT COST ........................ $317,250.00
60% of $244,000.00 is street Project Cost Assessable $146,400.00
100% of Sidewalk Project Cost is Assessable ........ $ 38,000.00
100% of Lighting Project Cost is Assessable ........ $ 35,250.00
TOTAL ASSESSABLE COST ..................... $219,650.00
NON ASSESSABLE COST ....................... $ 97,600.00
The remainin9 forty percent (40%) of a street resurfacing
improvement lS usually recovered by the general ad valorem
propertr tax paid by the entire community. A portion of Toronto
Avenue lS on the MSA system. It is proposed to collect MSA funds
and utilize this money to pay the City's 40% share of the street
improvements.
AREA I & II ASSESSMENT
PROJECT ASSESSABLE ASSESSMENT ASSESSMENT
IMPROVEMENT FRONTAGE RATE AMOUNT
Street, storm sewer, 1,653 $88.57/FF $146,406.21
concrete curb & gutter,
and landscaping
Sidewalk & bikeway 3,250 $11.69/FF $ 37,992.50
Lighting 3,150 $11. 19/FF $ 35,248.50
TOTAL $219,647.21
Tower Street & Duluth Avenue
cost, not including sidewalk
utilized on this area.
intersection relocation project
and lighting. MSA funds to be
Street Improvement Project Cost ................. $247,500.00
CITY SHARE (40%)................. .......... $ 97,600.00
TOTAL MSA FUNDS FOR PROJECT 90-12 .......... $345,100.00
COST SUMMARY
The costs of the improvements to the project areas will be
recovered through Special Assessments, Municipal State Aid Funds
and excess tax increment financing.
Street Improvement ...... Assessable (60%) ...... $146,406.21
Sidewalk Improvement .... Assessable (100%) ..... $ 37,992.50
Lighting Improvement .... Assessable (100%) ..... $ 35,248.50
Street Improvement ...... City Share (40%) (MSA). $ 97,602.79
SUBTOTAL .................... $317,250.00
Street Realignment Project Cost (MSA)............ $247,500.00
TOTAL PROJECT COST .......... $564,750.00
ASSESSABLE AMOUNT TOTAL .......... $219,647.21
MUNICIPAL STATE AID FUNDS TOTAL.. 345 102.79
TOTAL PROJECT COST .......... 564,750.00
I hereby certify that this plan, specifications, or
prepared by me or under my direct supervision and
duly Registered Professional Engineer under the laws
of Minnesota:
report was
that I am a
of the state
Date:
February 20, 1990
~~~~ P.E.
Reg. No. 010609
I hereby certify that this plan, specifications, or report was
prepared by me or under my direct supervision and that I am a
duly Registered Professional Engineer under the laws of the state
of Minnesota:
Br~eY~
Date:
February 20, 1990
Reg. No. 017590
.s
....&-~
~
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Project 90-12
Existing Alignment
Proposed Alignment
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RESOLUTION #90-11
RESOLUTION ACCEPTING FEASIBILITY STUDY AND CALLING FOR A PUBLIC
HEARING ON IMPROVEMENT OF PROJECT #90-12
CENSUS '90
.
MOTIONED BY
SECONDED BY
WHEREAS,
pursuant to Resolution 90-06 of the City Council,
on February 5, 1990, a report has been prepared
City's Engineering Department with reference
improvement of:
adopted
by the
to the
1. Toronto Avenue from Tower street to Trunk Highway
13.
2. Realignment of Vine Street and Tower Street between
CSAH 23 and Toronto Avenue.
3. Realignment and extension of Duluth Avenue to the new
alignment of Tower Street and Vine Street,
by the installation of storm sewer, grading, aggregate base,
concrete curb and gutter, bituminous surfacing, sidewalk, and
appurtenant work, and this report was received by the Council on
February 16, 1990.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF PRIOR
LAKE, MINNESOTA, that:
1. The Council will consider the improvement of such streets
in accordance with the report and the assessment of
property as described in the report for all or a portion
of the cost of the improvement pursuant to Minnesota
Statutes Chapter 429 at an estimated total cost of the
improvement of $564,750.00.
2. A Public Hearing shall be held on such proposed
improvement on the 19th day of March in the Council
Chambers of the City Hall at 8:00 (p.m.) and the city
Manager shall give mailed and published notice of such
hearlng and improvement as required by law.
Passed and adopted this
th day of
, 1990.
YES
NO
Andren
Fitzgerald
Larson
Scott
White
Andren
Fitzgerald
Larson
Scott
White
David J. Unmacht
City Manager
City of Prior Lake
{Seal}
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 I Ph. (612) 447-4230 I Fax (612) 447-4245
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