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HomeMy WebLinkAbout7.a. Port Authority Industrial Development District PC Review for a Recreation FacilityEXECUTIVE SUMMARY Planning Commission Regular Meeting: April 26, 2022 AGENDA ITEM: BA2022-03 Port Authority Industrial Development District Planning Commission Review for a Recreation Facility. AGENDA SECTION: Discussion PREPARED BY: Adam Kienberger, Community Development Director AGENDA NO. 7.a. ATTACHMENTS: Resolution; Port Authority Industrial Development District Plan, Exhibit A APPROVED BY: AK RECOMMENDED ACTION: Motion to adopt the attached resolution determining the conformity of the Port Authority’s Industrial Development District Plan for a Recreation Facility with the city’s Comprehensive Plan. SUMMARY The Planning Commission is being asked to review and adopt the attached resolution on the proposed Development Plan for the Rosemount Port Authority Industrial Development District for a Recreation Facility. This action is required by the Port Authority’s enabling resolution. BACKGROUND As part of the city’s partnership with Life Time on a commercial recreation facility, the Port Authority is required to establish a Development Plan as part of an Industrial Development District to facilitate the necessary financing for the development. The Planning Commission’s role is to review the attached Development Plan and determine that it is in general conformance with the city’s Comprehensive Plan. The proposed recreation facility is to be located on a parcel generally located at the northeast quadrant of County Road 42 and Akron Avenue. This area is guided for Community Commercial (CC) in the city’s 2040 Comprehensive Plan (see Exhibit A) and described as follows: Community Commercial (CC) [3-36] Purpose This land use designation is intended to provide retail, professional offices, and personal services that serve the daily and weekly needs of the residents of Rosemount. Location Criteria The size of each Community Commercial district is intended to be at least 50 acres or greater in size. Close proximity to arterial streets is needed for visibility while individual business accesses shall be provided predominantly from collector, local, or private streets. 2 Min. Requirements for Development Traffic patterns within the Community Commercial district are intended to be served through frontage roads, backage roads, and cross-access easements that supplement the collector and local street network. Traffic patterns should also be designed to adequately serve automobiles, delivery vehicles, pedestrians and bicyclists throughout the district. Utilities Municipal water and sanitary sewer are required. Typical Uses Retail; offices; personal services; restaurants; gas stations; and auto oriented businesses not requiring outdoor storage. Intensity Appropriate Zoning C4 – Community Commercial Limited Secondary Zoning C3 – Highway Commercia Also identified within the Comp Plan are a series of stated goals surrounding land use and policy development. Specifically [3-4]: 5) Expand opportunities for shopping and jobs for Rosemount residents. a. Guide land for commercial development at key nodes along County Road 42, including intersections at Business Parkway, Biscayne Avenue, 145th Street, Akron Avenue, and Emery Avenue. and [3-20]: Future Land Use Other major highlights of the Future Land Use Map include the following: • Continued implementation of the master development plans for the Akron Avenue/County Road 42 area, including commercial development along the highway corridor and additional townhouse and multi-family development east of Akron Avenue. CONCLUSION Based on the attached proposed Development Plan and its stated objectives, staff recommends adopting the attached resolution which finds the Development Plan in conformance with the City’s Comprehensive Plan. = 1 " " RS125-19-792575.v1 RS125-19-792575.v1 CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION BA2022-03 A RESOLUTION OF THE CITY OF ROSEMOUNT PLANNING COMMISSION FINDING THAT INDUSTRIAL DEVELOPMENT DISTRICT NO. __ AND THE DEVELOPMENT DISTRICT PLAN RELATED THERETO CONFORMS TO CITY PLANS FOR DEVELOPMENT OF THE CITY AS A WHOLE. WHEREAS, the City of Rosemount Planning Commission (the “Planning Commission”) and the City of Rosemount (the “City”) have proposed to adopt the Development Plan for Industrial Development District No.___ (the “Plan”), which sets forth a development program and budget for Industrial Development District No.___ therefor and have submitted the Plans to the Planning Commission pursuant to Minnesota Statutes, Section 469.175, Subd. 3, and WHEREAS, the Commission has reviewed the Plan to determine their conformity with the general plans for the development and/or redevelopment of the City as described in the comprehensive plan for the City. NOW, THEREFORE, BE IT RESOLVED, by the Rosemount Planning Commission that the Plan conforms to the general plan for the development and/or redevelopment of the City as a whole. ADOPTED this 26th day of April 2022, by the Planning Commission of the City of Rosemount. ____________________________________ Melissa Kenninger, Chair ATTEST: _________________________________ Stacy Bodsberg, Community Development Office Specialist RS125-19-788305.v2 DEVELOPMENT PLAN FOR INDUSTRIAL DEVELOPMENT DISTRICT NO. __ PORT AUTHORITY OF THE CITY OF ROSEMOUNT CITY OF ROSEMOUNT, MINNESOTA Approved by the City Council: May 17, 2022 Adopted by the Commission of the Port Authority: May 17, 2022 Prepared by: Kennedy & Graven, Chartered (JSB) 150 South 5th Street, Suite 700 Minneapolis, MN 55402 (612) 337-9300 RS125-19-788305.v2 i TABLE OF CONTENTS Page Section A. Introduction and Background ....................................................................... 1 Section B. Description of Development District ............................................................ 1 Section C. Definitions ..................................................................................................... 1 Section D. Statutory Authority ....................................................................................... 3 Section E. Statement and Findings of Public Purpose ................................................... 3 Section F. Statement of Objectives ................................................................................ 4 Section G Financing and Budget ................................................................................... 5 Section H Property Acquisition ..................................................................................... 5 EXHIBITS EXHIBIT A Map of Industrial Development District No. __ ...................................................... A-1 RS125-19-788305.v2 1 A. Introduction and Background. The Port Authority of the City of Rosemount, Minnesota (the “Authority”), proposes to establish the Industrial Development District No. __ (the “Development District”), as provided for in Minnesota Statutes, Chapter 469.058. This document comprises the development plan and budget (the “Development Plan”), as provided for in the Enabling Resolution. The area within the boundaries of the Development District is zoned for commercial use and, although acquired by a private developer for commercial development, has remained undeveloped for more than a decade. The Authority and the City have long targeted the Development District for economic development. The Authority desires to create the Development District and issue obligations to construct the Recreation Facility to spur economic development within the Development District. B. Description of Development District Industrial Development District No. __, established hereby, consists of the area within the boundaries generally illustrated in the map attached as Exhibit A, as the same may be amended C. Definitions. For the purposes of this Development Plan, the following terms shall have the following meanings, unless the context specifically requires otherwise: “Act” means collectively, the EDA Act, the Enabling Act, the HRA Act, and the Port Authority Act . “Authority” means the Port Authority of the City of Rosemount, established pursuant to the Enabling Act. “Commission” means the Commission of the Authority. “City” means the City of Rosemount, Minnesota, a statutory city and municipal corporation under the laws of the State of Minnesota. “City Council” means the City Council of the City. “Comprehensive Plan” means the City's Comprehensive Plan, as amended, a compilation of policy statements, goals, standards and maps for guiding the physical, social and economic development of the City and including a land use plan, a community facilities plan and a transportation plan which has been prepared and adopted by the City. “Costs” means all legally permissible costs incurred or to be incurred by or on behalf of the Authority in carrying out the Development Plan, including but not limited to: (a) the costs of any redevelopment activities consistent with the Development Plan as originally adopted or subsequently amended; (b) costs of administering the Development Distr ict; and (c) debt RS125-19-788305.v2 2 service payments on any obligations issued to finance Costs authorized by the Development Plan. “County” means the Dakota County, Minnesota. “Development District” means Industrial Development District No. __, established hereby, as t he same may be amended, the boundaries of which are generally illustrated in the map attached as Exhibit A. “Development Plan” means this development plan and budget for the Development District, dated June 21, 2022, as it may be amended or supplemented from time to time. “EDA Act” means Minnesota Statutes, Sections 469.090 to 469.1082. “Enabling Act” means Minnesota Statutes, Section 469.0813, the special law applicable to the City that authorizes the Authority to exercise powers under the Port Autho rity Act and the HRA Act . “Enabling Resolution” means that certain resolution adopted by the City Council on September 3, 1991, which established the Port Authority and its policies and procedures and also established the Authority as an economic development authority and authorizes the Authority to exercise powers under the EDA Act . “HRA Act” means Minnesota Statutes, Sections 469.001 to 469.047. “Port Authority Act” means Minnesota Statutes, Sections 469.048 through 469.068, as amended. “Recreation Facility” means the public recreation facility to be constructed in the Development District , owned by the City, and which may be leased to a private operator. “School District” means Independent School District 196. “State” means the State of Minnesota. RS125-19-788305.v2 3 D. Statutory Authority. The Authority is authorized under the Act and pursuant to the Enabling Resolution to undertake and administer the Development Plan and the Development District, and to finance Costs through the issuance of bonds. It is the intention of the Authority, notwithstanding the enumeration of specific goals and objectives in this Development Plan, that the Authority shall have and enjoy with respect to the Development District the full range of powers and duties conferred upon the Authority pursuant to the Act and such other legal authority as the Authority may have or enjoy from time to time. The Authority is authorized under the Act to undertake and administer the Development Plan and the Development District, and to finance Costs of the Development District through issuance of bonds. E. Statement and Finding of Public Purpose The Authority finds there is a need for development and redevelopment within the City and, in particular , within the Development District, and a need to provide an improved local tax base, to provide public facilities, to provide employment opportunities, and to improve the general economy of the City and the State. The sound development of the economic security of the residents of the City depends upon proper development of marginal and other property, which is defined in Section 469.048, subdivision 5, of the Port Authority Act and includes property that meets any one of a number of conditions, including properties whose values are too low to pay for the public services required or rendered and properties whose lack of use or improper use has resulted in stagnant or unproductive land that could otherwise contribute to the public health, safety, and welfare. The Authority finds that the Development District is proper and desirable to establish and develop a system of harbor and river improvements and industrial developments in its port district. For this purpose, "development" includes redevelopment, and "developing" includes redeveloping. The Authority finds that, in many cases, marginal property cannot be developed without public participation and assistance including proper planning, land acquisition, clearance of blighted constructed improvements, and the financing of various public and private improvements necessary for development and redevelopment. In cases where the development of marginal and other property cannot be done by private enterprise alone, the Authority finds it to be in the public interest to consider the exercise of its powers, the expenditure of public money and the provision of other means and impetus for development. The Authority finds that the City lack s adequate public recreational facilities to serve the needs of the City’s population. Construction of land at the proposed site in the Development District will allow the City to facilitate development of the Recreation Facility and develop the Development District . The proposed site in the Development District will provide adequate space to develop the Recreation Facility. The Development District will allow the City to encourage commercial development to stimulate future development of the City, including attraction of commercial development by providing access to public services, including without limitation recreational facilities and services, to the citizens of and visitors to the City. The Recreation Facility is an essential public facility and the site will be acquired and developed at a cost reasonably related to the public purpose to be served without need of any residential clearance activities. RS125-19-788305.v2 4 Development of the Recreation Facility is anticipated to provide a stimulating effect for development of other parcels in the City. The Authority specifically finds that (i) certain property within the Development District may not be available for development without public assistance; (ii) that, with public financial assistance, the activities in the Development Plan will afford maximum opportunity, consistent with the needs of the City as a whole, for the development of the Development Dist rict by private enterprise, and (iii) that the Development Plan conforms to the general plan for the development of the City as a whole. F. Statement of Objectives. The Authority seeks to achieve the following objectives for the improvement of the Development District through the Development Plan. 1. Promote the prompt development and redevelopment of property within the Development District in a manner consistent with the City comprehensive plan, which property is currently less productive because of insufficient pubic infrastructure, lack of adequate community services, or general marginal conditions. 2. Promote the development of adequate public facilities necessary to serve the Development District and the City as whole, including without limitation the development of the Recreation Facility. 3. Promote the concentration of appropriate commercial and industrial development within the Development District in order to enhance the City’s tax base. 4. Promote and secure additional employment opportunities within the Development District and the Cit y for residents of the City and the surrounding area, which would thereby improve living standards and prevent unemployment and the loss of skilled labor and other human resources in the City; 5. Spur economic development to secure an increase in taxable market valuations in order to better enable the City, the School District, the County and other taxing jurisdictions to pay for public improvements and governmental services and programs required to be provided by them; and 6. Construct, acquire or finance any public facilities, including recreational facilities, sanitary sewer, water, storm drainage and roads, deemed necessary and desirable for the development or redevelopment of the Development District. 7. Assist in development or redevelopment through provision of public services, demolition and relocation, so il and terrain corrections or site improvements, or land acquisition, all in cases deemed appropriate by the Authority. 8. Employ any powers of the Authority under the Act for the benefit of the Development District in such cases and upon such terms as the Authority may deem appropriate. RS125-19-788305.v2 5 G. Financing and Budget. The Authority’s initial financing plans relate to Costs in connection with the construction of the Recreation Facility. The Authority plans to finance the Costs primarily through the issuance of general obligation bonds. The Authority may also use revenues from any other source available to it to pay any Costs, including without limitation landfill tipping fees and lease payments from a private operator of the Recreational Facility. The Authority’s expenditures for the Development District are not expected to exceed the following: Land Acquisition $2,500,000 Site Planning, Grading, and Site Improvements $2,500,000 Building Construction $50,000,000 Total $55,000,000 Any changes to the proposed budget from time to time may be submitted to the Commission and City Council for approval by resolution without the need for a formal amendment to this Development Plan. H. Property Acquisition The Authority may acquire such property, or interests therein, as the Authority may deem necessary or desirable to carry out the objectives of the Development Plan. B-1 RS125-19-788305.v2 EXHIBIT A Map of Industrial Development District No. __ [INSERT MAP] ABBEYFIELDAVEADDISON A V E UPPER 142ND ST E 145TH ST E ASPEN AVEADALYNAVEA I L S E B URY A V E A I L E S B U R Y A V E ABERCORN A V E 1 4 2 N D S T E 1 4 3 R D S T E ARCTICCIRCLE143RDSTE AI LS E B U R Y A V E ABBEY F I E L D CT 1 43RD CT EUP P E R143RD CTEAILSEBU RY C T ABERD EEN WAYA LM A A V E C O N N E M ARATRL 142ND ST EADAIRAVEADELAIDEAVE LOWER 143RDSTE AKRON AVE145TH ST W ¯Exhibit A Scale: 1:5,000 Land Use CC Community Commercial LDR Low Density Residential MR Multi-Use Residential MDR Medium Density Residential HDR High Density Residential PI Public/Institutional PO Existing Parks/Open Space