HomeMy WebLinkAbout3. Minutes of September 14, 1992 Regular Meetinge
PORT AUTHORITY PROCEEDINGS
REGULAR MEETING
SEPTEMBER 14, 1992
Pursuant to due call and notice thereof a regular meeting of the Rosemount
Port Authority was duly held on September 14, 1992 at 5:35 p.m. at the Fire
Hall, 14425 Brazil Avenue.
Due to lack of a quorum the meeting was not immediately called to order.
Commissioners Sinnwell, Dunn, and Wippermann entered into discussions
regarding an update on the "quick -take" proceedings on the Strese property,
Knutson's appeal of their rejected Armory bid, and the status of the
relocation process for the businesses adjacent to the Armory site.
Commissioner McMenomy took his chair at 5:35 p.m.
Discussion continued regarding the Armory businesses and the appraisals.
Miller commented that the appraisals have been completed and that the
Port Authority should begin to consider offers for these properties.
Miller also advised that most of the other appraisals are in except for the
Nordvick, Sens, and Carlson property appraisals.
Executive Director Jilk informed the Authority that Tom Ryan of the
National Guard was hesitant to meet with the them, at the present time,
regarding the Guard's intentions for building a maintenance facility in the
City. Mr. Ryan has been in contact with the University regarding possible
sites for the facility and is currently waiting for information from the
them. Jilk was also advised by Mr. Ryan that the proposed facility may not
be a priority item for the federal government at the present time. Mr.
Ryan has tentatively agreed to attend the October 6, 1992 Port Authority
meeting to discuss the facility and possible locations.
An update on the proposed Industrial Park, which is located south of C.R.
42, east of T.H. 3, north of 160th, and west of Biscayne, was addressed.
Work has begun in-house and a meeting with the realtors representing the
owner of the property was held. It was learned through this meeting that
the owner is open to any options and is willing to negotiate a possible
sale. Jilk informed the Commissioners that the asking price is higher than
a year ago, but cost to the City probably has not changed. A meeting with
the Wachters, owners of another piece of property located within the
boundaries of the proposed industrial park, has been set for September 29,
1992.
At 5:45 p.m. Chairperson Dunn called the meeting to order with
Commissioners Wippermann, Dunn, McMenomy, and Sinnwell present. Also
present were Executive Director Jilk, Economic Development Coordinator
Miller, City Attorney Mike Miles.
An addition to the agenda was made as follows: 9. A) Preliminary
Proposal/Repairs, Inc. Site.
MOTION by Sinnwell to approve the agenda as amended. SECOND by Wippermann.
Ayes: 4. Nays: 0.
MOTION by Wippermann to approve the minutes of the September 1, 1992
regular meeting as printed. SECOND by Sinnwell. Ayes: 4. Nays: 0.
There were no bills and communications presented for discussion or
approval.
ROSEMOUNT PORT AUTHORITY PROCEEDINGS
REGULAR MEETING
SEPTEMBER 14, 1992
Executive Director Jilk reviewed the proposed Modification of the Rosemount
Redevelopment Plan. He explained that the draft plan, if approved by the
City Council on the Port Authority's recommendation, would expand the area
where tax increment revenue can be spent and went on to explain the
boundaries surrounding the new district. Jilk also explained that this
plan permits the use of bonds to finance estimated redevelopment costs
associated with the Armory/Ice Arena project. If the plan is not approved
by the Port Authority and City Council, debt cannot be issued for the
project and the approval of the contract for the Community Center/Ice Arena
cannot take place. Commissioner Wippermann questioned the date in the
third paragraph of the Resolution regarding the establishment of the Port
Authority. It was agreed that the date should read
September 3, 1991 and that a change would be made. As an additional
comment, Executive Director Jilk informed the Authority that he had
received a letter from the Dakota County Commissioners stating that they
had received the proposed Modification Plan, considered it, and concur that
it follows the County's policy regarding tax increment financing.
MOTION by Sinnwell to adopt Resolution 1992-4, A RESOLUTION APPROVING THE
MODIFICATION OF THE ROSEMOUNT REDEVELOPMENT PLAN, THE MODIFICATION OF THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1, AND THE AMENDMENT OF
THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING (ECONOMIC
DEVELOPMENT) DISTRICT NO. 1-1. SECOND by McMenomy. Ayes: Wippermann,
Dunn, McMenomy, Sinnwell. Nays: 0.
MOTION by Dunn to adjourn to an Executive Session. SECOND by McMenomy.
Ayes: .4. Nays: 0.
The regular meeting reconvened at 6:40 p.m.
Mr. Mel Allen, of Allen Appraisals, had been introduced in the Executive
Session to review the appraisals he had done for the Port Authority. He
was now asked to discuss with the Authority his insights and experiences in
the local and metropolitan real estate market regarding office space and
the office market, the development of industrial parks, and the amount of
development activity in Rosemount. Mr. Allen felt that the demand for
office space in Rosemount was greater than the supply, and subsequently has
resulted in above average leasing rates. He further described the
developments of various industrial/business parks in the northern suburbs
and explained their various success levels. When questioned about
Rosemount's chances for success in developing an industrial park, Mr. Allen
explained that developments of this nature in the outer suburban rings
should be very viable and with time could be successful. Chairperson Dunn
voiced caution in regard to these types of development activities.
Economic Development Coordinator Miller handed out a preliminary proposal
for the Repairs, Inc. site for their review. No discussion was held due to
the necessity of Commissioners needing to leave to attend the City Council
meeting beginning at 7:30 p.m.
MOTION by Dunn to adjourn.
Meeting adjourned at 7:15
SECOND by Wippermann. Ayes: 4. Nays: 0.
p.m.
Respectfully submitted,
Deborah Widstrom
Recording Secretary
PORT AUTHORITY PROCEEDINGS
REGULAR MEETING
SEPTEMBER 14, 1992
Pursuant to due call and notice thereof a regular meeting of the Rosemount
Port Authority was duly held on September 14, 1992 at 5:35 p.m. at the Fire
Hall, 14425 Brazil Avenue.
Due to lack of a quorum the meeting was not immediately called to order.
Commissioners Sinnwell, Dunn, and Wippermann entered into discussions
regarding an update on the "quick -take" proceedings on the Strese property,
Knutson's appeal of their rejected Armory bid, and the status of the
relocation process for the businesses adjacent to the Armory site.
Commissioner McMenomy took his chair at 5:35 p.m.
Discussion continued regarding the Armory businesses and the appraisals.
Miller commented that the appraisals have been completed and that the Port
Authority should begin to consider offers for these properties. Miller
also advised that most of the other appraisals are in except for the
Nordvick, Sens, and Carlson property appraisals.
Executive Director Jilk informed the Authority that Tom Ryan of the
National Guard was hesitant to meet with the them, at the present time,
regarding the Guard's intentions for building a maintenance facility in the
City. Mr. Ryan has been in contact with the University regarding possible
sites for the facility and is currently waiting for information from the
them. Jilk was also advised by Mr. Ryan that the proposed facility may not
be a priority item for the federal government at the present time. Mr.
Ryan has tentatively agreed to attend the October 6, 1992 Port Authority
meeting to discuss the facility and possible locations.
An update on the proposed Industrial Park, which is located south of C.R.
42, east of T.H. 3, north of 160th, and west of Biscayne, was addressed.
Work has begun in-house and a meeting with the realtors representing the
owner of the property was held. It was learned through this meeting that
the owner is open to any options and is willing to negotiate a possible
sale. Jilk informed the Commissioners that the asking price is higher than
a year ago, but cost to the City probably has not changed. A meeting with
the Wachters, owners of another piece of property located within the
boundaries of the proposed industrial park, has been set for September 29,
1992.
At 5:45 p.m. Chairperson Dunn called the meeting to order with
Commissioners Wippermann, Dunn, McMenomy, and Sinnwell present. Also
present were Executive Director Jilk, Economic Development Coordinator
Miller, City Attorney Mike Miles.
An addition to the agenda was made as follows: 9. A) Preliminary
Proposal/Repairs, Inc. Site.
MOTION by Sinnwell to approve the agenda as amended. SECOND by Wippermann.
Ayes: 4. Nays: 0.
MOTION by Wippermann to approve the minutes of the September 1, 1992
regular meeting as printed. SECOND by Sinnwell. Ayes: 4. Nays: 0.
There were no bills and communications presented for discussion or
approval.
ROSEMOUNT PORT AUTHORITY PROCEEDINGS
REGULAR MEETING
SEPTEMBER 14, 1992
Executive Director Jilk reviewed the proposed Modification of the Rosemount
Redevelopment Plan. He explained that the draft plan, if approved by the
City Council on the Port Authority's recommendation, would expand the area
where tax increment revenue can be spent and went on to explain the
boundaries surrounding the new district. Jilk also explained that this
plan permits the use of bonds to finance estimated redevelopment costs
associated with the Armory/Ice Arena project. If the plan is not approved
by the Port Authority and City Council, debt cannot be issued for the
project and the approval of the contract for the Community Center/Ice Arena
cannot take place. Commissioner Wippermann questioned the date in the
third paragraph of the Resolution regarding the establishment of the Port
Authority. It was agreed that the date should read
September 3, 1991 and that a change would be made. As an additional
comment, Executive Director Jilk informed the Authority that he had
received a letter from the Dakota County Commissioners stating that they
had received the proposed Modification Plan, considered it, and concur that
it follows the County's policy regarding tax increment financing.
MOTION by Sinnwell to adopt Resolution 1992-4, A RESOLUTION APPROVING THE
MODIFICATION OF THE ROSEMOUNT REDEVELOPMENT PLAN, THE MODIFICATION OF THE
DEVELOPMENT PROGRAM FOR DEVELOPMENT DISTRICT NO. 1, AND THE AMENDMENT OF
THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING (ECONOMIC
DEVELOPMENT) DISTRICT NO. 1-1. SECOND by McMenomy. Ayes: Wippermann,
Dunn, McMenomy, Sinnwell. Nays: 0.
MOTION by Dunn to adjourn to an Executive Session. SECOND by McMenomy.
Ayes: 4. Nays: 0.
The regular meeting reconvened at 6:40 p.m.
Mr. Mel Allen, of Allen Appraisals, had been introduced in the Executive
Session to review the appraisals he had done for the Port Authority. He
was now asked to discuss with the Authority his insights and experiences in
the local and metropolitan real estate market regarding office space and
the office market, the development of industrial parks, and the amount of
development activity in Rosemount. Mr. Allen felt that the demand for
office space in Rosemount was greater than the supply, and subsequently has
resulted in above average leasing rates. He further described the
developments of various industrial/business parks in the northern suburbs
and explained their various success levels. When questioned about
Rosemount's chances for success in developing an industrial park, Mr. Allen
explained that developments of this nature in the outer suburban rings
should be very viable and with time could be successful. Chairperson Dunn
voiced caution in regard to these types of development activities.
Economic Development Coordinator Miller handed out a preliminary proposal
for the Repairs, Inc. site for their review. No discussion was held due to
the necessity of Commissioners needing to leave to attend the City Council
meeting beginning at 7:30 p.m.
MOTION by Dunn to adjourn. SECOND by Wippermann. Ayes: 4. Nays: 0.
Meeting adjourned at 7:15 p.m.
Respectfully submitted,
Deborah Widstrom
Recording Secretary