HomeMy WebLinkAbout12172024 Agenda Packet
AGENDA
Port Authority Regular Meeting
Tuesday, December 17, 2024
4:15 PM
Council Chambers, City Hall
1. TOUR 14701 BLAINE AVE ROSEMOUNT, MN
a. Port Authority will be leaving City Hall at 4:15 p.m. and taking a bus to tour 14701
Blaine Avenue, Rosemount, MN
2. CALL TO ORDER/PLEDGE OF ALLEGIANCE
a. Port Authority will arrive at City Hall at approximately 6:00 p.m. to call the meeting to
order
3. ADDITIONS OR CORRECTIONS TO AGENDA
4. CONSENT AGENDA
a. Minutes of October 15, 2024 Regular Meeting
b. Minutes of November 19, 2024 Regular Meeting
5. CHAIRPERSON’S REPORT
6. REPORTS FROM PORT AUTHORITY COMMISSIONERS
7. NEW BUSINESS
a. Willy McCoy's Development Contract
b. OMNI Business Subsidy Request
c. 2025 Community Development Block Grant (CDBG) Allocation
8. OLD BUSINESS
a. Project Updates
9. DISCUSSION
10. ADJOURNMENT
Page 1 of 23
ROSEMOUNT PORT AUTHORITY
REGULAR MEETING PROCEEDINGS
OCTOBER 15, 2024
CALL TO ORDER/PLEDGE OF ALLEGIANCE
Pursuant to due call and notice thereof, a regular meeting of the Rosemount Port Authority
was held on Tuesday, October 15, 2024, at 5:30 PM. in Rosemount Council Chambers, 2875
145th Street West.
Chairperson Essler called the meeting to order with Commissioners Freske, Weisensel, Theisen
and Klimpel. Commissioner Ober arrived at 5:35 p.m. Commissioner Beaudette arrived at 5:50
p.m.
ADDITIONS OR CORRECTIONS TO AGENDA
None.
CONSENT AGENDA
Motion by Theisen Second by Freske
Motion to approve the consent agenda
Ayes: 5.
Nays: None. Motion Carried.
a.Minutes of the August 20th Regular Meeting
b.Minutes of the September 17th Regular Meeting
CHAIRPERSON’S REPORT
None.
REPORTS FROM PORT AUTHORITY COMMISSIONERS
None.
NEW BUSINESS
a. Commercial Visioning Update
Stantec provided an update of site visions for key nodes along county road 42 with the
Rosemount Port Authority and members of the Planning Commission. Stantec
reviewed the concepts and layouts along County Road 42 at the intersections of
Highway 3, Akron Avenue, Highway 52 and Emery Avenue.
Page 2 of 23
Stantec received feedback from the commissioners and will revise the plans in order
for staff to visually share these with the public and future developers.
OLD BUSINESS
a. Project Updates
Economic Development Coordinator, Van Oss, highlighted a few project updates noting
there has been no updates to the Speedway site.
DISCUSSION
None.
ADJOURNMENT
There being no further business to come before the Port Authority at the regular council
meeting and upon a motion by Essler and a second by Theisen the meeting was adjourned at
6:51 p.m.
Respectfully submitted,
Erin Fasbender
City Clerk
Page 3 of 23
ROSEMOUNT PORT AUTHORITY
SPECIAL MEETING PROCEEDINGS
NOVEMBER 19, 2024
TOUR 13825 SCHMIDT LAKE ROAD PLYMOUTH, MN
a. Port Authority will be leaving City Hall at 3:30 and taking a bus to tour the facility at
13825 Schmidt Lake Road Plymouth, Minnesota
Port Authority Members Weisensel, Beaudette, Essler and Theisen took a tour with
staff of the facility at 13825 Schmidt Lake Road as the site relates to Project Falcon.
Port Authority members arrived back to Rosemount City Hall at approximately 6:30
p.m.
OLD BUSINESS
a. Project Updates
Project updates were provided to the Port Authority members in the packet.
Respectfully submitted,
Erin Fasbender
City Clerk
Page 4 of 23
EXECUTIVE SUMMARY
Port Authority Regular Meeting: December 17, 2024
AGENDA ITEM: Willy McCoy's Development Contract AGENDA SECTION:
NEW BUSINESS
PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 7.a.
ATTACHMENTS: DOCSOPEN-#967219-v5 APPROVED BY: LJM
RECOMMENDED ACTION: Motion to Approve the First Amendment for Private Development Between
Rosemount Port Authority and Willy McCoy's of Shakopee, LLC.
BACKGROUND
Earlier this year, the Rosemount Port Authority approved a contract for private development with Willy
McCoy's of Shakopee, LLC to construct a new restaurant near the Life Time development. The
agreement outlined the minimum requirements of the project and the requirements Willy McCoy's of
Shakopee, LLC needed to complete in order to be eligible for a business subsidy from the city. Due to a
delay in the purchase agreement between the private parties, the contract for private development
needs to be updated to reflect a new project timeline. Additionally, Willy Coy's is asking for the
minimum requirements to be amended from "rooftop patio" to "patio" due to cost constraints
associated with the expense of a rooftop addition. Despite the changes to the project, staff finds the
development furthers the City's strategic goals of adding more restaurants and desirable retail to
Rosemount, and will provide an important anchor to the developing Akron corridor.
Staff and the city's legal counsel decided it would be appropriate to add a new definition, "Satisfactory
Progress to Completion." This new definition would allow the business subsidy to be granted prior to
gaining a Certificate of Occupancy, but after the majority of the building has been constructed. This
change is to provide some flexibility to disburse the business subsidy, while still meeting the statutory
deadline of the TIF Spending Plan on December 31, 2025. Representatives from Willy McCoy's of
Shakopee, LLC are present to give an update on the project, and Ehlers, the City's financial consultant,
is present to answer any questions on the TIF Spending Plan.
RECOMMENDATION
Staff recommends the Port Authority approve the First Amendment for Private Development Between
Rosemount Port Authority and Willy McCoy's of Shakopee, LLC.
Page 5 of 23
RS230-66-967219.v5
FIRST AMENDMENT TO
CONTRACT FOR PRIVATE DEVELOPMENT
BY AND BETWEEN
ROSEMOUNT PORT AUTHORITY
AND
WILLY MCCOY’S OF SHAKOPEE, LLC
This Document Was Drafted By:
KENNEDY & GRAVEN, CHARTERED (RHB)
150 South Fifth Street
Suite 700
Minneapolis, MN 55402
(612) 337-9300
Page 6 of 23
1
RS230-66-967219.v5
FIRST AMENDMENT TO CONTRACT FOR PRIVATE DEVELOPMENT
This First Amendment to Contract for Private Development (the “First Amendment”), is
made as of the _______ day of _______________, 2024, between the Rosemount Port Authority,
a public body corporate and politic under the laws of Minnesota, having its principal office at
2875 145th Street W., Rosemount, Minnesota 55068-4941 (the “Port”), and Willy McCoy’s of
Shakopee LLC, a limited liability company under the laws of Delaware, having its principal offices
at 515 165th Avenue, NW, Andover, Minnesota 55304 (the “Developer”).
Witnesseth:
WHEREAS, on January 16, 2024, the Port approved a Contract for Private
Development with the Developer for the development of a 7,500 sq. ft. restaurant and tavern
with a rooftop patio and upstairs bar and banquet area (the “Project”); and
WHEREAS, the Port and the Developer desire to amend the Contract for Private
Development in recognition of certain delays and other changes in the project.
NOW, THEREFORE, in consideration of the foregoing premises and the mutual
obligations set forth in this First Amendment, the Port and the Developer hereby agree as follows:
1. In this First Amendment, unless otherwise noted, underline and strike-through text
shall be used to indicate amendments to the Contract for Private Development. Underline text
shall indicate new language, and strike-through text shall indicate removed language.
2. Section 1.1 Definitions of the Contract for Private Development is amended as
follows:
“Minimum Improvements” means the construction of a 7,500 sq ft. restaurant and tavern
with a rooftop or ground level patio consistent with the Construction Plans on the Property (the
“Project”). After completion of the Minimum Improvements, the term shall mean the Property as
improved by the Minimum Improvements.
“Satisfactory Progress to Completion” means the certification to be made by the City’s
building official after all rough-in inspections for plumbing, utilities, framing and electrical work
on the Minimum Improvements have been completed and passed, and the building shell is
completed, and the roofing structure and membrane are installed.
3. Section 3.1 of the Contract for Private Development is amended as follows:
Section 3.1. Acquisition of the Property. The Developer has entered into a purchase
agreement regarding the Property and agrees to close on the transaction and obtain fee title and
possession of the Property by no later than July 30, 2024 April 30, 2025.
4. Section 4.3 of the Contract for Private Development are amended as follows:
Section 4.3 Commencement and Completion of Construction Satisfactory Progress to
Completion. Subject to Unavoidable Delays and the Port’s timely approval of the Construction Plans,
Page 7 of 23
2
RS230-66-967219.v5
and any delays in the Developer’s receipt of the City’s approvals, the Developer shall commence
construction of the Minimum Improvements by no later than August 30, 2024 April 30, 2025. Subject
to Unavoidable Delays, the Developer shall have achieved Substantial Completion Satisfactory
Progress to Completion of the Minimum Improvements by no later than December 20, 2025. All
work with respect to the Minimum Improvements to be constructed or provided by the Developer on
the Property shall be in conformity with the Construction Plans. Following written report thereof
from the Port, the Developer shall make such reports to the Port regarding construction of the
Minimum Improvements as the Port deems necessary or helpful in order to monitor progress on
construction of the Minimum Improvements.
5. Section 5.3 of the Contract for Private Development is amended as follows:
Section 5.3. Conditions Precedent to Financial Assistance. Notwithstanding anything in
this Agreement to the contrary, the Port shall not be obligated to pay the Financial Assistance to
Developer until all of the following conditions precedent have been satisfied:
(a) The Developer has acquired the Property as of August 30, 2024 April 30, 2025;
(b) The Developer and the Port have executed this Agreement and it has been recorded
in the County land records;
(c) The Developer has demonstrated to the Port that it has incurred Qualified Costs in
at least the amount of $500,000;
(d) The Certificate of Substantial Completion has been issued Satisfactory Progress to
Completion has been achieved by December 20, 2025;
(e) The Developer remains eligible for receiving a business subsidy under the Business
Subsidy Act; and
(f) There has been no Event of Default on the part of the Developer which has not been
cured.
When the above conditions have been satisfied, the Port will disperse the Financial Assistance to
the Developer. The Developer understands and agrees that all Spending Plan TIF must be spent
by December 31, 2025. To the extent the Spending Plan TIF is not spent by December 31, 2025,
the Port shall have no further obligation to make any additional payments under this Agreement.
6. Section 10.1(a) of the Contract for Private Development is amended as follows:
(a) Failure by the Developer to acquire the Property in fee by August 30, 2024 April 30,
2025 or failure to satisfy any other condition precedent specified in section 5.3 of this Agreement.
7. Except as amended in this First Amendment, all of the provisions, covenants, terms
and conditions of the Contract for Private Development shall remain unaltered and in full force
and effect.
Page 8 of 23
3
RS230-66-967219.v5
8. This First Amendment may be executed in any number of counterparts. All such
counterparts will be deemed to be originals and will together constitute but one and the same
instrument.
* * * * * * * * *
WILLY MCCOY’S OF SHAKOPEE, LLC
By
__________________
STATE OF _____________ )
) ss.
COUNTY OF ___________ )
The foregoing instrument was acknowledged before me on this ___ day of ____________,
2024, by __________________, the __________________ of Willy McCoys of Shakopee LLC,
a Delaware limited liability company, on behalf of the company.
IN WITNESS WHEREOF, I have set my hand and my official seal this ___ day of
_____________, 2024.
Notary Public
Page 9 of 23
4
RS230-66-967219.v5
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be
executed as of the date first above written.
ROSEMOUNT PORT AUTHORITY
By
______________,
By
_____________,
STATE OF MINNESOTA )
) SS.
COUNTY OF _____________ )
The foregoing instrument was acknowledged before me on this ____ day of
_________________, 2024, by __________________, the ___________ of the Rosemount Port
Authority, a public body corporate and politic under the laws of Minnesota, on behalf of the
Authority.
IN WITNESS WHEREOF, I have set my hand and my official seal this ____ day of
____________, 2024.
Notary Public
STATE OF MINNESOTA )
) SS.
COUNTY OF _____________ )
The foregoing instrument was acknowledged before me on this ____ day of
_________________, 2024, by __________________, the __________________ of the
Rosemount Port Authority, a public body corporate and politic under the laws of Minnesota, on
behalf of the Authority.
IN WITNESS WHEREOF, I have set my hand and my official seal this ____ day of
____________, 2024.
Notary Public
Page 10 of 23
A-1
RS230-66-967219.v5
EXHIBIT A
The property subject to the foregoing First Amendment to Contract for Private
Development is as follows:
[add platted legal description]
4865-3537-5316, v. 1
Page 11 of 23
EXECUTIVE SUMMARY
Port Authority Regular Meeting: December 17, 2024
AGENDA ITEM: OMNI Business Subsidy Request AGENDA SECTION:
NEW BUSINESS
PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 7.b.
ATTACHMENTS: Financial Request Memo - OMNI Final, Rosemount-
TIF-Application-Riveter Real Estate LLC
APPROVED BY: LJM
RECOMMENDED ACTION: Motion to approve the grant request and direct staff to move forward with
a Business Subsidy Agreement.
BACKGROUND
Staff has been working with Omni Farm Winery on a new expansion project adjacent to their existing
Rosemount location. The Developer requested $500,000 in excess, unobligated tax increment
assistance to pay for site improvement costs to offset the high costs of construction. A representative
from Omni will be in attendance to brief the Port on the project proposal and answer questions. The
City's financial consultant has conducted a financial analysis of the request and will be in attendance to
present the findings to the Port.
In December 2022, the Rosemount Port Authority created a spending plan for the Tax Increment
Financing Downtown Brockway District. Under state statute, the spending plan gives the Port
temporary authorization to transfer unobligated tax increment to provide financial assistance in any
form to private development consisting of the construction or substantial rehabilitation of
buildings, which will create or retain jobs in the State. The statute requires private development to
commence no later than December 31, 2025. The proposed development by Omni Farm Winery fits
within the requirements of the spending plan and aligns with the City's long vision and strategic goals.
The Port identified this spending plan as a unique and timely tool the City can use to foster new
business growth and investment in the community.
The Port is being asked to direct staff to begin work on a Business Subsidy Agreement with Omni Farm
Winery. This request is over $250,000 and requires a public hearing per state statute. The Port will be
asked to hold a public hearing on the business subsidy request and approve the final Business Subsidy
Agreement at a later date.
RECOMMENDATION
Staff recommends the Port Authority approve the grant request and direct staff to move forward with
a Business Subsidy Agreement.
Page 12 of 23
SOURCES
Amount Percent
Private financing 1,731,000 68%
TIF 500,000 20%
Equity 300,000 12%
TOTAL SOURCES 2,531,000 100%
USES
Amount Percent
Acquisition Costs 950,000 38%
Construction Costs 1,385,000 55%
Equipment 111,000 4%
Professional Services 85,000 3%
TOTAL USES 2,531,000 100%
Page 13 of 23
▪
▪
▪
▪
▪
Page 14 of 23
Rosemount Tax Increment Financing Policy
CITY OF Rosemount
Tax Increment Financing
Application
GENERAL INFORMATION:
Business Name: Date:
Address:
Type (Partnership, etc.):
Authorized Representative: Phone:
Description of Business:
Legal Counsel:
Address: Phone:
FINANCIAL BACKGROUND:
1. Have you ever filed for bankruptcy?
2. Have you ever defaulted on any loan commitment?
3. Have you applied for conventional financing for the project?
4. List financial references:
a.
b.
c.
Riveter Real Estate LLC 10/28/2024
14962 64th Avenue N Maple Grove, MN 55311
LLC
Allana Walsh 612-910-4279
Real estate company renting to commerical operations.
Erin Johnsen - Garner, Ginsburg & Johnsen, P.A.
333 Washington Avenue N.Suite 300 Minneapolis, MN 55401 612-259-4807
No
No
Yes, in process
Derek Boeve - Minnwest Bank
Justin Walsh - CFO OMNI Winery & Taproom
Zachary Ward - COO OMNI Winery & Taproom
Page 15 of 23
Rosemount Tax Increment Financing Policy
5. Have you ever used any business subsidy before?
If yes, where and when?
PROJECT INFORMATION:
1. Location of Proposed Project:
2. Amount of Business Subsidy Assistance
requested?
3. Why the need for Business Subsidy
Assistance:
4. Present ownership of site:
5. Number of permanent full-time jobs created as a result
of project. Please include projected wage levels/ranges.
6. Estimated annual sales:Present: Future:
7. Market value of project following completion:
8. Name and address of architect:
9. Anticipated start date:Completion Date:
No
15675 Biscayne Ave Rosemount, MN 55068
$500,000
To update buildings on the site to provide for a reputable winery and event venue for lease.
David E and Lee Ann Wachter
Event Manager $75k Taproom GM $75k + Constructions Jobs
0 $500,000
$2,000,000
Lampert Architects 420 Summit Ave, St Paul, MN 55102
02/01/2025 08/31/2025
Page 16 of 23
Rosemount Tax Increment Financing Policy
FINANCIAL INFORMATION:
1. Estimated project related costs:
a. land acquisition $
b. site development
c. building cost
d. equipment
e. architectural/engineering fee
f. legal fees
g. off-site development costs
TOTAL ESTIMATED COSTS
2. Source of financing:
a. private financing institution $
b. tax increment/abatement funds
c. other public funds
d. developer equity
TOTAL ESTIMATED SOURCES
(Should equal Total Estimated Costs)
What type of business assistance requested?
Tax Increment Financing Economic Development Tax Abatement
Other:
Completed forms and questions can be sent to Eric Van Oss
at eric.vanoss@rosemountmn.gov
950,000
427,000
$958,000
$111,000
$75,000
$10,000
$2,531,000
$1,731,000
$500,000
$300,000
$2,531,000
X
Page 17 of 23
EXECUTIVE SUMMARY
Port Authority Regular Meeting: December 17, 2024
AGENDA ITEM: 2025 Community Development Block Grant (CDBG)
Allocation
AGENDA SECTION:
NEW BUSINESS
PREPARED BY: Adam Kienberger, Community Development
Director
AGENDA NO. 7.c.
ATTACHMENTS: Estimated FY 2025 funds letter_RM APPROVED BY: LJM
RECOMMENDED ACTION: Motion to recommend City Council adopt a resolution approving
Rosemount’s 2025 CDBG application as presented.
BACKGROUND
Annually, the City receives federal Community Development Block Grant (CDBG) funds which are
distributed by the Dakota County CDA.
The City was recently informed by the Dakota County Community Development Agency (CDA) that our
estimated allocation for Program Year 2025 (July 1, 2025 – June 30, 2026) is approximately $41,778. In
2024 our estimated amount was $50,026 in Community Development Block Grant (CDBG) funds, which
were allocated to the Home Improvement Loan Program.
To secure the grant money that is available, the city must prepare and submit an application that
specifies eligible activities or projects to which the city intends to allocate the available funding. A
completed application is due in January accompanied by an approved City Council resolution.
The final allocation amount may change as HUD finalizes their budget process over the next several
months.
Proposed Activities
City staff is proposing that the estimated $41,778 be allocated across two activities for 2025 – Home
Improvement Grant Program, and Planning Activity – Downtown Framework Update.
Home Improvement Loan Program ($11,778)
The Home Improvement Loan Program is a program administered by the CDA to benefit low/moderate
income households in Rosemount making eligible improvements to their homes. This program was
funded last year and grants us the maximum opportunity to benefit a wide audience in Rosemount and
meet HUD’s spenddown requirements in a timely manner. Some program details include:
The Home Improvement Loan Program assists low- and moderate-income homeowners with making
repairs and improvements to their homes.
Page 18 of 23
Home Improvement Loans are commonly used for:
• Roof replacement
• Furnace replacement
• Electrical and plumbing repairs
• Insulation
• Improvements for special needs, such as ramps, bathroom or kitchen modifications
Home Improvement Loans feature:
• Zero percent interest
• No monthly payments
• Repayable when ownership changes or you move from the property. You may be required to
repay the loan if you refinance your home or take out a home equity loan.
• $15,000 loan minimum; $25,000 loan limit
In order to ensure we continue to receive our allocation, cities are required to spend down these funds
within four years, or they can revert to the CDA for reallocation to active programs.
The Home Improvement Loan Program is currently Rosemount’s most effective program for protecting
and maintaining existing naturally occurring affordable housing. The city recently entered into a
preliminary agreement with the Dakota County CDA to utilize a portion of our Local Affordable Housing
Aid (LAHA) to further bolster this program.
Planning Activity – Downtown Framework Update ($30,000)
Originally adopted in 2004 and updated in 2017, the Development Framework for Downtown
Rosemount was created to as a planning tool to be reflective of the community’s vision for
development and redevelopment opportunities in the downtown core.
From the 2017 update (located on the city’s website):
The purpose of the Framework is to create and maintain Downtown in a manner consistent with the
community vision. The Framework identifies and guides actions needed to achieve the vision. This
update focuses on the section of the Framework that relates to redevelopment within Downtown. The
update is a guide for public and private investment in Downtown, and it provides an updated
description of the type and character of development desired for this area.
Staff is proposing a review of this document occur in late 2025/early 2026 as we prepare for the larger
2050 Comprehensive Plan update in mid-2026. This Downtown Framework will be used as a more in-
depth look at Rosemount’s downtown development opportunities and improvements ahead of the
2050 Comp Plan.
Page 19 of 23
RECOMMENDATION
Staff is requesting Port Authority recommend City Council pass a resolution approving the City’s 2025
CDBG allocation funding the Home Improvement Loan Program and Downtown Framework Update
activities.
Page 20 of 23
November 14, 2024
Ms. Adam Kienberger
City of Rosemount
2875 145th Street W.
Rosemount, MN 55068
RE: CDBG Fiscal Year 2025 Allocation Estimate
Dear Mr. Kienberger,
Dakota County receives an annual allocation of Community Development Block Grant (CDBG)
funds, which is a federal program administered by the Department of Housing and Urban
Development (HUD). The program is designed to assist local governments with various
community development projects and programs that primarily aid low- and moderate-income
residents. Dakota County is considered an “Entitlement County”, and, as such, receives an
annual allocation of federal CDBG funds. The Dakota County Board of Commissioners has
chosen to allocate the CDBG funds amongst the various cities and townships in the County, as
well use the funds for certain County programs. The Dakota County Community Development
Agency (CDA) administers this program on behalf of Dakota County.
Each year, the city’s CDBG allocation is rebalanced to account for updated information in the
American Community Survey provided by the Census Bureau for each city. Per HUD rules, the
CDBG allocation is based on three factors: a community’s population, the number of people in
poverty, and the number of overcrowded housing units. Each city receives a percentage of the
annual Dakota County CDBG allocation based on the three factors. Because these factors change
over time, the allocation each city receives will change over time.
The CDBG allocation Dakota County will receive for Program Year 2025 is not yet known and
won’t be known until Congress passes and the President approves the Federal Fiscal Year 2025
federal budget. However, we believe it is prudent for each city to anticipate that the County will
receive a similar amount to what was received for Program Year 2024, which was $1,873,895.
The final Dakota County CDBG allocation affects the amount each city will receive for Program
Year 2025. This amount may be more or less than what your city received for 2024. With that in
mind, the estimated allocation for Rosemount for Program Year 2025 is $41,778.
Please provide a contingency plan in your CDBG Program Year 2025 application that specifies
which program(s) will receive more or less funding based on the final allocation. Please note that
funding for any public service activities that the city may choose to fund with CDBG may be
further reduced to ensure that the amount used for public services does not exceed 15 percent of
the total Dakota County CDBG allocation.
Page 21 of 23
If you have any questions, please feel free to contact me at (651) 675-4464 or
mdykes@dakotacda.org.
Best Regards,
DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY
Margaret M. Dykes
Asst. Director of Community and Economic Development
Page 22 of 23
EXECUTIVE SUMMARY
Port Authority Regular Meeting: December 17, 2024
AGENDA ITEM: Project Updates AGENDA SECTION:
OLD BUSINESS
PREPARED BY: Eric Van Oss, Economic Development Coordinator AGENDA NO. 8.a.
ATTACHMENTS: APPROVED BY: LJM
RECOMMENDED ACTION: None
BACKGROUND
SA/Speedway: Wells Fargo will be in possession of the property on about Dec. 18th. It is staff's
understanding that Wells Fargo, as owner, is retaining CBRE to serve as management. Staff contact
information has been provided to Wells Fargo and CBRE, so staff expects CBRE will reach out to the
City within the coming weeks about next steps.
ISD 196: A groundbreaking for the new middle school was canceled in November, but construction has
begun on the site.
KPD Inc.: A site plan review was approved by the PC. The project is intended to utilize three parcels in
the Biscayne Business Park for a multi-building development to house up to 30 flexible warehouse
spaces for lease to individual tenants and users.
Beirut Restaurant: Beirut Restaurant will be relocated from West St. Paul to Rosemount. They will be
located near the Aldi grocery store. This location will offer fast-casual counter service with a heavy
focus on catering, ready-made products, and carry-out/take-home services. Permits have been issued
and work is occurring on the interior. Staff is working with the owners to plan a ribbon cutting.
Mid America EDC: Staff attended the Mid America EDC Best Practices Conference. The agenda was
focused on large site development, downtown revitalization, international business attraction, and
work force development.
RECOMMENDATION
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