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HomeMy WebLinkAbout3.c. Port Authority Annual Report ..I�"':�1 4 � � .. � CITY OF ROSEMOUN'P EXECUTIVE SUbIlKARY FOR ACTION CITY COUNCIL MEETING DATE: APRIL 5, 1994 AGENDA ITEM: PORT AUTHORITY ANNCTAL REPORT AGENDA SECTION: DEPARTMENT HEAD REPORTS PREPARPD BY: JOHN MILLER, AGENDA��` . � ECONOMIC DEVELOPMENT COORDINATOR M 3 C ATTACF�lENTS: PORT AUTHORITY BALANCE SHEET, APPROVED BY: 1993 CHRONOLOGY OF PORT AUTHORITY ACTIVITIES The resolution of the Rosemount city council creating the port authority requires that the chairperson of the commission present an annual report ta the city council. Mr. Ed Dunn will appear before the council to complete that task. He has worked with Jeff May, the city' s finance director, in completing a year end balance sheet . In addition, he will visit with you about the 1993 activities shown on the attached chronology of events. RECOI�IENDED ACTION: Discussion item only. COUNCIL ACTION: I A4��9,1994 semo'u`t, Me���of����Autb°nCY City�ut►� ����n�e � �ncetn� $ed�On� �e�all�om �� � ou� te F So1u' � Y ut W� �fton► e �. ���,of . y�AP�5,l�sions�° ou seAu�"of�1 c'0��� I en�s wl�� meet�g°nZp�u�i o ri j��$a me ow�e n a t u s �we t e�� D�� tport Q,otho I p�cipated 1��o$e aR�o vyat�ting twh p�nese�On�I of m`I fa� p,t�,►e go$e��of i�tei��S�te.yo��too,��m� t•�1�d by as�����,site• co o °'� cial� tetest Re � �Ssible o�gC D eloPn1ent� �'g tnR d liave���SesP�I e d�veloping �iite 10� me°�a�votirig°n S letteY� �l e t,F-�O d y,n�i Y e s P�'t��i c t of:�te fro��sin�aa' v e��rio�lY�uendy>��doing S°° bas� ten�� ention lntetesti Co e C�a�of n��itate s�`1 abst tentia��0���N�`l°i°f� s of c»on 1 pl�t� a�ch a°"ld �e issues relamoun��lva a vise y°of�e CO� �e Re4a'cs>In�•Site; � eless,1 �u►R�� ��n�� intetest on �rno`�ti f i��ly ad��s��t sub�ts� t��e aI►`1�°�'ct�f S can w°Tk��cAy��rns �d �ll��uss��� cs on�vhy 1 dO�� a o�et Cit�1 o e��ict of�teies �yoi 1. T1ie� ��tions fOY hfg.osem°���n�� nsib�lities� RAT' res4° I�iY Yec°�'d the�"�Ze�s� �asdy�'11 mY g1,�,E�1�E 2 c1tY�� 'ons to�°n��'�e to��` g�p�'�1C.IW •�teTest ten� "� of 1 c� 1`liy��� iC'�EXI�TS�� n�ivable���ve a fi� 3� O C�� ding�y� in w�°� 992>fOt ��N TBA�N S���.site ce�S ��pmpan9 to aa�in� io��StheY ��1 V L A`�R witb�e Re p�ota C e n��00�w r e o solici`� o�e yea�eL�e p Co p o e t B�ME lp�ol�ement e fa�,tk+a�D�tport A°�'avng a4pco ��teri��y o�Scoss�'e� MY e�'�Te ted tO:�l���e gosem° 2)pa��'p oo Jot�s►s°n wislUn� issu����tted a pi��gep�cs,��'Site�f�ettY�►d of 1993�d°n3� in 1992,I inteTest,�bcN io�onto�'�n��'e te�"e on�1'n Iai►'��ket a�' � Poct A°�t`°n e of �n$xeg� �e po�t A� " �to e �e issu possib1e e� °n � aa,d,�n fa�t �b���to �at it�S ropo vote o0 �d decision S�te no °f a�siot►s>n°T azti�'paon$'Pt°p°s�s n �d°n��t of aRep�ts,In�' Ce�����5 sapa e in t1'e di wau�d notlpe�a�a Solu�s de�elop te�to Dako��a neithet P�ort p,u o�e��ota� with ecA��,tha en�`I,1 awh�delibeta�o� imm�atel;�on ConseQ���is p�oi�°ft�1e Ci�1 Coun ov�►t Ci�!�'°��il� . of intezestbY cbpOsing R��' �ion�`I Au b�1it9�f a�� ce ed pag 2 , ted�e 4�ssi : �1�II►e oo�� ��d e1im� p�Au�an�Y y�I su� �y �e p A�oidin$� 1�as ed us,I ie�° tedby or. est ae�e ta�g p a e:�y�a`y• topo�'`x�wo�uld not�°me's 4�tcy ��d�� ���o� ja�on P d��it �of� , ��e Ci�1 ,5 z�ated �e not����p ag,es�e ��dwaY 2`s' �et p�Sible mpletion,S�em Jol�°n��,,.�befose o p�`c� �y m°n��rg�'O ' g ab°u�� pto y�S� t h�`�'�`ng 3o h�°n a41'�n PTO�� mep� eu 4YO���staff�'�ih�°f th��„a�d na 94,�•Ron �jot�° e��nc� � t tb on�g e I fear of 19 �ie�ri �1 of� oud�' ��po�t Au�' �,ab�ut�'�e site.� ly 3a'"� dy��ge ��n$ 1h0�0�� �lia �ly wo�_ cleasiu� �,in� �� John�On`�ximately�993• ��,a,nt�'�ln io�g�e�°�t��{ical�y•�� skby app ua�`I� t vuas 4 .rn� S� Ci�J S�' in S� Istc'S�te f°I ete ��ptoj o�Au�osi�J 5 sbo�dets• in��'e o�,Auu'°rity �e gepairs, �op��'� �e Ros��oun�nsk an the on therebY�1pz�edby�ep ons�f�otY►es 1�°ten��N�y°L'1� �ucl��°j�nefi�°p ft �piopo�acc�4 1ute1 nO'�'�'e n e�'n�9 �Ro�n'oun��po� �ly fi�cing in�e Sol�ns° �S,l�ad ab ai►y fis'ai'�ia1 �on.F�e�a ptop�s�d�theteby p°ten� �O��n� �coca�°���ly�itnP°tca�t who 1'as�"b �iat ptop��o citi��' Sin�d no merab� cipate in�e��meone �t19�tet nsib�li�1 te t of �,aI► not to P� �ews•� �Sh�to� te my Yes4° �ve P`���ite as�y 4'�'4° �S foc�1e st�te my latez�d aba'ca tosP� the Was n�bas e citiZens t� �k one yea� •��would�to e�xon�e� �intese��whose m��$ to� es ba etw' ce k�' fin�' sistet� port p,uth°ri�l nO$40 0�,tO d0 ott► �idetaupA of�ot me,�my fa�1es�n�othing e�rs,In�'Site• ��,the Clty to�e�O L of my f��,temen� � ��tO d�elop�e R'P „vitk►ces��,y n►eI��e atta�h� �,a,t m`I fa�y iop°�t F'�'��y' site,ne't h S fa� �ie eff e�' et ks'°"v n P �e R e P Home T o�po�s d co���I'i ome°�at�y°d' S�C O NC,��S. �cts�f�t etest S b l e t o F�n e r a� �l a s t ow w 1 u t e �F�i"i'E� SS�b 1 e�O� c h 4 e t s°n e d,a t e o f ��o ty elect�tO� C p�Ft,IC't c b a aay�'at 4°�ict,$O�e�ote,�°f�ict� A G��U� E��S�n�cnay 1�`�e a w t t�d�.'�'t�bj�t o f c O ��.�ERIl`� �e Code of �on who ent as to �,e imP°'ctan �M ould ad����ucated t°�'e�ri�}'c�udY�' aeal`N'�' ovest►in� e S� � , lce ous g of �N ��'d�O n��'apd�e�y°i S� ng°"the� os any ies�denti�a �l rly te��d to�i�a�1ic�1 fOT� �llea�'es�o cA��t Yc�a�t,I w� pto'Pe �et�I asn adoP lt�o�e of m9 S�mem�eTesti°n a Cln' �1ows. ��whets aR°sen'oUs►t���pz1flict°f�e that�On�ern• �ssa�y, � f o �. .w�boa�d's°f��ia l may��e�Ine ditecdy�d SU�e w�teyto w�'eT my at►d a�,so ���rn �n to I.rn �on as �tosemi"e�'�uTage��t►I� •n�°f such ato��a a ou��of E�"`cs' tes a saon�y �lea� ad�ice, �o�of �pnsv� �,c �ately uP° �� in�cY►a d is'o�y votes on SIO�� tutes .no1a ec 2 Imm��ng of Pt sion a ot, s�on in�luding�' in a CitY d� �tpa�io°°�e�et in v'e�� 4�,ct'°'Fa�'p4 �iat n`y p� azv�'�te �it is detertni f� vuiU not p �u$e, 3. ��ct of�ntecest,I� c,o d�ls�p°� Rosemount City Co��l 8t Port Authority page 3 ublic decision is not an3'form of conflict cipation in a p {i.e.,City 4. Even if it is decided that��h.as been raised to the approPriate City bodY of interest,I will report the concern �th the reasons that no conflict exists• Council,Port Anthority,etc.),along mvide a swift and eff�1Ve way to deal witli�°�i�' roach will p conflict of I strongly believe that this app ublic bodies to consider resolving issues.I would urge all other members of Rosemount's p interest concerns in a similar manner. FiJI,FII,LING THE 1VIAYOR'S RESPONSIBII.ITIES � tential conflicts°f interest and As I have p g ve in the most thorough fashion.However,I n la�nfl��i� i� �d in t}us letter,I will cont�nue to be sensitive to to follow the procedures t1�at j have ouflined ab° 1 ��Someone is allegi g th of not paiticiPaung in tough public decisions,simp Y the easp Pa d�not exist. , of interest which clearly ar on two occ�ions�°rder for le of Rosemount have elected me May I have always tried to I do not believe the p�P d�sions the City of Rosemou��`'�'�ll be facing• �� of the challenging out strongly in favor of protecting the City's fi�' me to duck manY e m duties as MaYor be particularly mindful of the need to SP� ces and to promote the de�'elopment of Rosemount.I sha11 condnue to discharg Y resour to the best of my ability. ents. ou for talcing t11e�me to read this letter and I would welcome your comm Thank Y Sincerely, E.B.McMenomy>Jr. lviayor,City of Rosemount EBM:rd � .�oRI'I'Y � T A e gOS�� p�,I,p,110E SKEE e� 31� 19 93 8 Decemb gor Year Ena'ing �$ 11� 831.6�� 153 ,322 .33 AS� t 1f (,4 Cash fiCates of e ePosl 6g6 �343 •00 424� 9 �� Cezti ReCelvab7- $ Notes t age 73$ ' 6�1 _-- 5,394 .29 I,och MMo ggage __-- g ,2p1 •31 _ B7-ake __----"" � m pthez GOVernments I $1�5a� ' p5�-33= PrePald E�enSeS =_'__ TOT�' A'SSETS F�D BAL�CES TIES D .LIp,gILI � $ 4 , 802 ' 85 2 � g69 • LIABII'ITIES � 1�438 �286 33 ts payable ____-- �oun 446 , 16 P'C PaYable �� 1� 059 • Deferred ReVenue $ Total $ �201.31 125 ,�89 •g6 Ft�3N� BP'�CES . ----"-� .1'7 se r'ved 133 ' g91 '" UndeSlgnated 0 , 05� .33 $1�5a --__ Total F� BAI,ANCES __--__--� TOTAL LIABILITIES � F� p,13CE � pORT A�C�GES IN BAL gOSE�i�UNr ES & EXPENDI��er 31, 1993 STATE'MENT �F Rgo�ar Endiag 336,451.14 $ 114, 937 .40 RE� __----''- n�rements $ 451,388 •54_ � In e est Earnings TOTAL 78 �128 •5� ITURES' $ 36 ,136 •g3 EXPEND 2� p24 . & wages 22 , 668 .82 Salaries Fees 5 � 625 .00 Englneering 1Q , 067 .25 Legal FeeS iCes 3 � 632 .83 Professional SeF es 955 . 69 Administrative 541, _______ InsuranCe -$-` �p� �27p ,08 _ Other 1 t7.ay ___----'"- Capita �u ' TOTAL �� ($ 24$ � 881.54� EFICIENCY) �F RE EXo�R�EXPENDIT�ES SOURCES �USES) $ g28 ,400 .0� FYNp,D7CING 536 ,593 .14) OTHER gale of Bonds � ______--- proceeds FrOm Funds ($ a `lg3 14, Transfers to Other TOTAL oF REVEN� � ($ 257 , 074 .68) EXCESSIDEFICIENCY) CR FIN�CING USES 065 •S5 FINANCING SOUR $ 391, __ EXPENDIT�ES AN� OTHE _____________ AI,p�NCE $ 133 , 991'1�= gEGI�ING F� B � E�ING F� BALA�CE ,REPAIRS INC. ADMIIVISTRATION COMMU1vITY BUSINESS PARK CENTER 1-5 - 1-5 1-19 Acce�ted two proposals Created Relocation Board 1-5 SEH presented concept for off'ice bldg. of Appeals Authorized eminent plan domain 1-8 2-8 1-19 Cope exercised Approved goal-setting 2-S - Authorized start of repurchase option (and session Authorized payment to negotiations subsequently defaulted) Anderson 2-8 3-2 3-2 Joined Dakota County 2-8 Reviewed first financial Established terms for Economic Development Payment to Battaglia projections repurchase Partnership 3-2 3-2 4-6 2-16 Authorized payment to Authorized Feasibility Repairs Inc. accepted Began TIF audit A&G Autobody Study offer to relocate for $20,000 payment 3-2 3-2 5-17 West Suburban Heard mediation report Agreed to negotiate 4-6 Mediation appointed on A&G Autobody. Purchase Agreement Approved Johnson o�ce mediators Agreed to "pay only the proposal maximum° 6=1 3-2 Received Feasibility 9-7 Dakota County promises 3-16 Study Johnsons advised board TIF info Approved demolition bid they aze seeking tenants documents �-6 3-16 Heard offer and 9-7 County advises city no 4-20 approved counter offer Approved extension of TIF windfall Approved demolition bid on land purchase 6" watermain to site 3-16 4-20 7-20 10-5 Revised bylaws Approved payment Land purchase offer Requested agreement considered Reno's accepted with Johnson for project initiation by 2-21-94 5-3 4-20 9-'7 Revised standing rules Condemnation of Approved Scope of 10-19 approved properties approved by Services with SEH to Rejected request by court complete subdivision Repairs Inc. to rent 6-1 documents building Determined that TIF 4-20 project not recorded and Approved payment to 9-7 10-19 money not received Tourdot, Battaglia, Monk Moved to rezone Authorized $20,000 business park land payment to Repairs, Inc. 6-1 10-19 on vacation of site Requested TIF refund Paid Monk final 9-21 installment on Authorized bond sale for 10-19 7-6 condemnation purchase Approved demolition bid Approved Jack Clinton specifications as appeals hearing officer 9-21 Approved Promotions 11-16 11-16 sub-cammittee Approved demolition bid Approved 1994 VYork Program and Budget 10-5 12-21 Accepted bond sale Johnson requested up- 12-7 front finance Approved transfer of 11-5 EDA property to P.A. Closed on property MO�'EL CARLSON TI�ATER STRESE 1-19 2-8 2-8 Auth�rized mazket study Carlsons asked if city Offered $114,�0 to still interested in strip Strese 3-2 center Approved Scope of 2-16 Services Agreement 2-8 Extended Strese offer 90 Port Authority "declares days 4-20 public support° Heard review of market 5-15 analysis 5-17 6-1 Offer not accepted Discussed form of Muller Family Theater 5-3 assistance to Carlsons wished to build 10 Approved RFP for motel screens on Lund-Thorsen j development �-20 site �I Carlson requested pay- 6-22 as-you-go financial 6-22 Two proposals heard and assistance Mullers requested both rejected Business Park site as 7-20 quickest and least 7-20 Approved Carlson expensive Approved second motel request contingent on �P council approval 6-22 Required criteria for 9-21 selection of theater Received no proposals proposal from Muller from second RFP and GTI 9-21 g_3 Requested negotiated Muller, GTI presented agreement with Ray theater proposals Anderson 8-3 Approved Muller proposal subject to conditions/council aPProval 11-3 Muller agreed to follow regular city process in land development and purchase SEN�OR HOUSING ROSEMOUNT MALL OTHER PRO.TECTS �'�, 2-16 3-16 2-g Old �aptist Church offer Discussed purchasing Discussed auto-mall to P.A. parking lot to provide project with Rick Berens financing to mall owners 6-15 3-16 Dakota County submitted 7-20 White Funeral Home analysis of two housing Received offers from requested assistance in sites Petter and Terry to acquiring site purchase mall 9-21 10-5 Heard development 11-16 CMC requested proposal from Cottages Approved Work Program assistance for residential Inc. with mall action item development 10-5 11-3 Heard analysis of CMC agreed to seek housing sites irom purcnase of rail spur Dakota County. Scheduled special 12_� neighborhood meeting CMC presented project for 11-17 pl� 10-19 Cottages Inc. announces it will seek location in city 11-17 Site chosen for Dakota County project 12-7 Approved CDBG grant for senior housing