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HomeMy WebLinkAbout5.2 Conveyance of Outlots to the City of Cottage Grove TO: Economic Development Authority FROM: Matt Wolf, Economic Development Specialist DATE: June 3, 2019 RE: Conveyance of Outlots to the City of Cottage Grove Background Renewal by Andersen (Renewal) is working with Opus Development Company LLC (Opus) to develop a long-term solution to address Renewal’s need for more warehousing, light manufacturing and office space. The partnership between the companies would have Opus constructing a 350,000 square foot industrial facility and Renewal would lease the building from Opus. The development would also allow for an additional 113,000 square foot addition to the building would be avialble to meet any potential future expansion needs of Renewal. The construction of the 350,000 square foot facility and its future building expansion will be located on a 50.37 acre parcel that will be plated as Glengrove Industrial 8th Addition. The plat will contain an outlot (Outlot B), which will be a retention pond that will serve both the Opus/Renewal development and the future development on Outlot A. th Figure 1. Glengrove Industrial 8 Addition Plat, showing Outlot B in blue for the construction of a retaining pond to serve Outlot A (green) and Lot 1, Block 1 (yellow) Discussion Two previous plats; Glengrove Industrial Park 6th and 7th Addition each contained outlots for a retention pond that are currently owned by the Economic Development Authority (see Figure 2). This was done as part of the development projects for Gardenworld in 2016 (Outlot A – 6th Addition) and Renewal by Andersen in 2018 (Outlot B – 7th Addition). In order to Economic Development Authority June 18, 2019 Page 2 of 3 accommodate the development of the new retention pond for Glengrove Industrial 8th Addition for the new Opus/Renewal development these two previous outlots need to be combined and have the same ownership. These outlots will not be developable and will remain a retention pond to serve this development area of the business park. As a result, the City of Cottage Grove Economic Development Authority will convey ownership of these parcels to the City of Cottage Grove, which maintains the City’s retention ponds per the rules and regulations set forth by the South Washington Watershed District. Figure 2. Outlots A and B to be conveyed to the City of Cottage Grove Recommendation By Motion: A. Approve by motion the resolution approving the conveyance of property from the Cottage Grove Economic Development Authority to the City of Cottage Grove for use as a stormwater pond. Economic Development Authority June 18, 2019 Page 3 of 3 Attachments A. Resolution of Conveyance of Land COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY WASHINGTON COUNTY STATE OF MINNESOTA RESOLUTION NO. 2019-009 A RESOLUTION APPROVING THE CONVEYANCE OF PROPERTY FROM THE COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY TO THE CITY OF COTTAGE GROVE FOR USE AS A STORMWATER POND Whereas, the Cottage Grove Economic Development Authority (“EDA”) desires to convey to the City of Cottage Grove (“City”) the following property, for use as a stormwater pond, legally described as follows: PID: 20.027.21.44.0006 th Outlot A, Glengrove Industrial Park 6 Addition AND PID: 20.027.21.44.0009 th Outlot B, Glengrove Industrial Park 7 Addition (the “Property”); and Whereas, on June 18, 2019, the EDA held a public public hearing on the conveyance of the Property and the EDA considered all of the information presented at the public hearing. NOW THEREFORE BE IT RESOLVED by the Board of Commissioners of the Cottage Grove Economic Development Authority as follows: 1. The conveyance of the Property to the City is in the public interest of the City and its people, furthers its general plan of economic development and furthers the aims and purposes of Minn. Stat. Sections 469.090 to 469.108; and the appropriate officials are authorized to take such action so as to effectuate such purchase and sale. th Passed this 18 day of May, 2019. Myron Bailey, President Attest: Jennifer Levitt, Executive Director