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HomeMy WebLinkAbout3. Minutes of June 2, 1992 Regular MeetingROSEMOUNT PORT AUTHORITY PROCEEDINGS REGULAR MEETING JOKE 2, 1992 Pursuant to du call and notice thereof the regular meeting of the Rosemount Port Authority was duly held on Tuesday, June 2, 1992 at 5:30 p.m. in the Council Chambers of the City Hall, 2875 145th Street West. Chairperson Dunn called the meeting to order with all members present. Staff present included Executive Director Jilk and City Attorney Miles'. Additions to the agenda were made as follows: Item 5. D) Appraisal Update for Highway 3 properties adjacent to Armory Site; Item 5. E) Post Office Property Update. MOTION by Wippermann to approve the minutes of the May 20, 1992 regular meeting as printed. Second by Anderson. Ayes: 7. Nays: 0. There were no bills and communications. Discussion regarding the financial information on the proposed arena were presented. Executive Director Jilk reviewed the financial analysis report prepared by himself and Dan O'Neill of Springsted, Inc.. The operating time was extended from nine months to a full year. The Income and Loss Statement, showed an increase due to a $10 increase in hourly rate charge. Advertising within the arena was considered as an income. Management personnel would be "shared" with the banquet -theater facilities. Funds necessary to replace and maintain the building are built into the funding. Transfer options are noted as options, not necessarily recommended. A similar report was prepared by the City of Lakeville for an arena that they are considering. The figures in it are for a six month operating budget. Lakeville's facility cost is nearly the same as RAHA's suggested cost. Rosemount General Obligation Bonds could be issued for the'debt of $1,875,000. Mr. O'Neill said it is a project that would be possible, more fine tuning is needed on the financing and some issues need to be worked out, but a positive possibility is there. Wippermann stressed that separate lobbies for the banquet/theater facility and the arena would be needed. Jilk suggested that the plans be prepared with alternates for shared and separate lobbies. The fee of the architect, Arthur Dickey Associates, Inc., is 5 %t for this project, an estimate of $30,000. RAHA would also supply $10,000 toward this cost. The bid deadline for the National Guard is August 13, 1992, for the total armory plan. The City Council must give approval for the preparation of the plans, no later than on June 16 if the arena is to be included in the project this year. Ron Pederson of RAHA suggested that he was pleased with the report. He has been authorized to spend $10,000 for architectural plans and 1 ROSEMOUNT PORT AUTHORITY PROCEEDINGS REGULAR MEETING JUNE 2, 1992 ommitted to donating $50,000 per year. The commitment his club has c of the school ' t and surrounding cities in nenoted thatd of ice time show the arena- does district Pederson support for this ngfacility-ospectator sports for 1200. accommodate seating for High School, Mr, Greg Claussen, Assistant Principal of Roshlohtri Wgsome students agreed that the need for iceton for practice. Hockey, time figure skating five hours a day more than what have to be bused to Blooming and Ringettes next year will require is now used. remove from the tablerfor ove consideration the motionNas• MMauve to rem MOTION by Council to app the issuance of general Secon to recommend to the City of the ice arena project- obligation bonds for the financing Sinnwell, Mawe. Nay S: Anderson. Ayes: Anderson, McMenomy, wippermann, Dunn, Edwards. Motion carried. Council to approve the MOTION by Mauve to recommend to the City of the ice general obligation bonds for the fienomy,gsinnwell, Ma.we, issuance of g Anderson. Ayes: McMenomy, arena project. Second by Dunn, Edwards. Motion carried. Anderson. Nays: wippe-Mann, MOTION by Dunn to recommend to the City Council to proceed. with the cturan of 1 plans for the ice arena and retain a toward this archite Edwards, $10,000 from the Rosemount Area Hockey Association McMenomy, expense. Second by Sinnwell. Ayes: Sinnwell, Mauve, Anderson, wippermann. Nays- Sinnwell, ays 0' Support of the ice arena project Jilk was posed Sinnwell noted that hais 1withtotal thesdesign drawings.make it, what and supported moving head the question, ,If the ice arena did n t fin dcthataniallythe cost would be would the cost be to tax payers?,- valued at an estimated $2.00 a. year for a residential property $100,000. Director Jilk informed the commissional at information has Executive raiser for the properties been given to the app provide a completion date at adjacent to the armory site. He will the next meeting. trip of property next to the Old They office Jilk reported that the sDakota Central Reality. arking asidewalk, was not accepted by the ownerscurb and gutter and P requested will e- etagain,dewalk, lot and wi ons. Second by Sinnwell. b Edwards to move to closed session for Economic Development MOTION y appraisal discussions. Coordinator and Strese app Ayes: 7. Nays: 0• The regular Port Authority meeting was reconvened at 7:32 p.m.. 2 ROSEMOUNT PORT AUTHORITY PROCEEDINGS REGULAR MEETING JUNE 2, 1992 MOTION by Sinnwell to proceed with a "quick take" action to obtain the Strese property and obtain a second appraisal for the property. Second by McMeAomy. Ayes: McMenomy, Edwards, Sinnwell, Mawe, Anderson, Wippermann, Dunn. Nays: 0. MOTION by Dunn,to Adjourn. Second by Wippermann. Ayes: 7. Nays: -0. The meeting was adjourned at 7:35 p.m.. Respectfully submitted, Linda Jentink Recording Secretary 3