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