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HomeMy WebLinkAbout2006-03-14 EDA MinutesCITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES March 14, 2006 Pursuant to due call and notice thereof, a regular meeting of the Economic Development Authority was held at City Hall, 7516 80th Street South, Cottage Grove, Minnesota on the 14th day of March 2006. CALL TO ORDER The meeting was called to order at 7:30 a.m. by EDA President Bailey. Rni i ro i i Members Present: Myron Bailey, EDA President Glen Kleven, EDA Member Gerry Weingartner, EDA Secretary /Treasurer Pat Rice, EDA Vice President Jim Wolcott, EDA Member Members Absent: Mike Wennen, EDA Member Others Present: Howard Blin, Community Development Director Joe Fischbach, Management Analyst Ron Hedberg, Finance & Admin. Director Tom Kaiser, Bulletin Newspaper Al Ploeger, Mainstreet Bank Jessica Sandin, Management Analyst Ryan Schroeder, EDA Executive Director Bob Van Slyke, Presbyterian Homes APPROVAL OF MINUTES A motion was made by EDA Member Wolcott to approve the February 14, 2006 Economic Development Authority minutes as presented, seconded by EDA Vice President Rice, All Present in Favor. DEVELOPMENT UPDATE EDA Executive Director Schroeder gave the EDA an update about recent interest in medical clinics from three or four developers and an end user. There is also a proposal for a medical clinic at 70 and Hinton that will be brought to the Planning Commission next month. Ryan Schroeder encouraged EDA members to continue to visit the economic development page on the City of Cottage Grove website which continues to be updated. It is intended to keep all interested parties updated about the business opportunities within Cottage Grove. 1501 Settlement Agreement EDA Executive Director Schroeder updated the EDA on the 1501 Settlement Agreement. He stated this agreement was amended beyond the EDA approval at the January meeting. The amended agreement has been signed by the authorized 1501 representative and therefore it is appropriate for Council and EDA consideration. Schroeder stated basically the agreement has two points, the trash enclosure meets our ordinance requirements and will not require expansion and we are providing cash payment for the trees that did not survive. Upon City agreement we will no longer have any responsibility. Motion by EDA Member Kleven to approve Addendum no. 1. To the purchase and land exchange agreement with the 1501 Partnership. The motion was seconded by EDA Vice President Rice, All Present in Favor. AUTHORIZATION OF THE QUICK TAKE EMINENT DOMAIN PROCESS FOR COTTAGE SQUARE Ryan Schroeder, Executive Director of the EDA, updated the members regarding the Cottage Square site. On February 14, 2006, the EDA authorized the condemnation of the leases of Snyders and DeMori's, the remaining tenants in the Cottage Square Mall. This action was taken in accordance with the development agreement between the EDA and the redeveloper of the Cottage Square property, Presbyterian Homes (PHM). The EDA further authorized the use of the quick take condemnation process which expedites the termination of leases. The City Council ratified the EDA's action on February 15, 2006. In response to a request from Snyders, the Council continued action on authorizing the quick take process and referred the matter back to the EDA. The purpose of this continuance was to allow time for PHM and Snyders to conduct negotiations on a settlement on the remaining term of the lease. These negotiations have taken place and the parties are near agreement. This progress towards a settlement meets the intent of the continuance of the quick take process by the City Council. In addition, it is expected that discussions will continue on a settlement of the lease for DeMori's. Discussion ensued regarding the quick take process. It was noted the quick take process allows the parties to move forward with a date certain. Motion by EDA Member Kleven to adopt the resolution as amended authorizing a quick take condemnation process for the remaining leases at Cottage Square Shopping Center. The motion was seconded by EDA Member Wolcott, All Present in Favor. 2 UPDATE ON WEST DRAW AND EAST RAVINE DEVELOPMENT Community Development Director Howard Blin gave an update on land control and development activities in the East Ravine and West Draw area. As demonstrated by the provided maps, most land is under control of various developers. Blin also pointed out there will be a lot of activity next year in these areas. NOTICE OF PUBLIC HEARING FOR BUSINESS INVESTMENT (SUBSIDY) EDA Executive Director Schroeder stated the Bailey Property Management project is essentially the same building and location as the previous Graphic Resources project. Staff therefore recommends setting the public hearing date and assignment of the development agreement. Motion by EDA Member Wolcott to adopt publishing the notice of public hearing for Business Investment (Subsidy). The motion was seconded by EDA Member Weingartner, All Present in Favor. Motion by EDA Vice President Rice to approve the development agreement between the EDA and Bailey Property Management, LLC. The motion was seconded by EDA Member Weingartner, All Present in Favor. DEVELOPMENT NEWSPAPER ARTICLE EDA President Bailey shared an article from the 3/5/06 Pioneer Press that states Cottage Grove is a target area for growth. CHAMBER ANNUAL SPRING BANQUET DONATION REQUEST The Chamber spring banquet will be held on May 5 and is soliciting auction donations and nominations for the annual awards. 3 RD ANNUAL BUSINESS SHOWCASE Jessica Sandin informed EDA members the Chamber recognized the EDA sponsorship of the Business Showcase on the registration form and the 3 rd Annual Business Showcase will be held on Thursday, April 20, 2006 from 4:30- 7:30 PM at the Cottage Grove Armory. CALENDAR The EDA members were reminded of upcoming meetings and events. MISCELANEOUS BUSINESS ITEMS None 3 ADJOURN EDA Vice President Rice moved to adjourn the meeting. EDA Member Weingartner seconded the motion, All Present in Favor, the meeting adjourned at 8:05 AM. Respectfully Submitted, Jessica Sandin Management Analyst 4