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HomeMy WebLinkAbout2002.02.12 MINUTES • CITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES February 12, 2002 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 12th day of February 2002. CALL TO ORDER Jim Wolcott called the meeting to order at 7:35 AM. ROLL CALL • Members Present: Dick Pederson, Sandy Shiely, Fred Luden, Jim Wolcott, Mike Wennen, and Gerard Weingartner. Members Absent: Glen Kleven. Others Present: Ryan Schroeder, City Administrator Michelle Wolfe, Assistant City Administrator Scott Johnson, Management Analyst. APPROVAL OF MINUTES Jim Wolcott moved to approve the January 8, 2002, the January 15, 2002, and the February 6, 2002 Economic Development Authority minutes. Fred Luden wanted the language in the February 6th minutes changed from service road to graded railroad crossing. Mr. Luden also wanted language added to the minutes on long- term maintenance and operating costs for City projects. With the additions to the minutes, Dick Pederson seconded the motion and the motion carried unanimously. Project Updates Tradehome — Began operations in their new location this week. Hotel — Project is moving along and is receiving a response from citizens. Walgreens — project is moving quickly • Economic Development Authority - Minutes February 12, 2002 Page 2 Navy Island —This project will be put on hold until October of 2002 Kohls — project has been moved to inactive Cottage Square — Requests for information were sent out to developers on this site. There is not an expectation of redeveloping this site within 2002. American AGCO — Moving into their new site at the end of this week. ED-01-035— Need to find out if this project is still active Vending Machines — New site deal fell apart before Christmas. Staff will send a letter to the owner's representative in the near future. Election of Officers President — Sandy Shiely nominated Jim Wolcott for President. EDA members approved the nomination. • Vice President — Jim Wolcott nominated Sandy Shiely for Vice President. EDA members approved the nomination. Secretary/Treasurer — Fred Luden nominated Gerard Weingartner for Secretary/Treasurer. EDA members approved the nomination. Gateway Redevelopment Boundaries The City has been acquiring property for easements to reroute Hardwood Ave. since 1998. The three residential property owners closest to 80'h Street are also interested in developing this site. The Mayor and Staff met with the property owners at their request on January 26th. The owners expressed interest in selling the property as zoned commercial. The Mayor and staff need to discuss the future of this parcel with the City Council and the EDA. Some EDA members think price determinations by setting up a price index could be a possible long-term option. The EDA believes something needs to be done to improve the intersection of Point Douglas at 80th Street. The City is required to spend money in the TIF district within four years or the District will be discontinued. The future of this site will be discussed at the joint EDA/City Council meeting. In the mean time, the City will be working with Kohls to find possible alternative sites. Strategic Plan Fred Luden introduced an example of a scorecard to keep track of the EDA's accomplishments. The 2002 work plan will include the scorecard to keep track of yearly • objectives and goals. The EDA would also like to change number 15 in the strategic plan. Staff needs to work with 3M and change the phrase to identify what type of development the strategic plan is identifying. Number 15 should also include language, . . Economic Development Authority - Minutes 110 February 12, 2002 Page 3 which is clearer for a business that replaces a business in an existing campus. Gerry Weingartner made a motion to approve the Stratgic Plan with the changes, Mike Wennen seconded, and the EDA approved the motion. Keats & 61 Ryan Schroeder discussed the future development of Keats and Highway 61 and asked for the EDA's input. The current developer wants the City to rezone the property to include housing. However, the parcel is currently guided Commercial. Currently, the City only has 7.5% of its tax base from Commercial/Industrial sites. The average for the State of Minnesota is 15%. EDA members think this will be a great future concern if the City does not zone more property for Commercial, but there needs to be a buffer between housing and Commercial. Staff asked the EDA for a motion on direction for the Keats and 61 intersection. Dick Pederson made the motion to keep the parcel commercial and look at the possibility of extending the Commercial zoning to 90th Gerry Weingartner seconded and the motion carried unanimously. Metro East Event Cottage Grove was mentioned in a number of presentations at the event. People at the . event were expressing interest in Cottage Grove. EDA Golf Outing EDA liked the staff's ideas about the new sponsorship levels for the golf outing. Site Selection Conference The EDA thought it would be a good idea to send a staff member to this event. Training and Education Center Fred Luden and Dick Pederson discussed the new education center for higher learning, which will be located in Cottage Grove. The Cottage Grove Chamber of Commerce and a number of local businesses in Cottage Grove sponsor this project. The plan is to open the campus in August of 2002. There has been a great response from the community on this project. 0 • Economic Development Authority - Minutes February 12, 2002 Page 4 ADJOURN EDA Vice President Sandy Shiely adjourned the meeting at 9:00 AM. Respectfully submitted, Scott Johnson Management Analyst O