Loading...
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