EDA

Blaine City Hall City of Blaine 10801 Town Square Dr Blaine, MN 55449 Anoka County, Minnesota Minutes - Final EDA The purpose of the Blaine Economic Development Authority is to increase the City’s commercial/industrial tax base, provide employment opportunities, undertake redevelopment to enhance and maintain neighborhood economic stability, and address special needs, such as senior housing. As authorized under Minnesota State statutes, the Blaine City Council also serves as the Blaine Economic Development Authority. Thursday, January 21, 2016 7:15 PM Council Chambers 1 Call to Order The meeting was called to order at 7:15 p.m. by President Ryan followed by the Roll Call. 2 Roll Call Quorum present. ALSO PRESENT: City Manager Clark Arneson; Planning and Community Development Director Bryan Schafer; Public Services Manager Bob Therres; Finance Director Joe Huss; Police Chief/Safety Services Manager Chris Olson; Economic Development Coordinator Erik Thorvig; Communications Technician Roark Haver; Senior Engineering Technician Al Thorp; and City Clerk Catherine Sorensen and Recording Secretary Linda Dahlquist. Present: 5 - Comissioner Bourke, Comissioner Hovland, President Ryan, Comissioner Swanson, and Comissioner King Absent: 2 - Comissioner Clark, and Comissioner Herbst 3 Minutes 3-1 MIN 16-03 JANUARY 7, 2016 EDA MINUTES Moved by Commissioner Hovland, seconded by Commissioner Bourke that the Meeting Minutes of January 7, 2016, be approved. Motion adopted unanimously. Aye: 5 - Comissioner Bourke, Comissioner Hovland, President Ryan, Comissioner Swanson, and Comissioner King 4 New Business 4-1 EDA RES 16-03 CONSIDERATION OF THE SALE OF EDA CONTROLLED WETLAND CREDITS TO ASSIST SITE DEVELOPMENT FOR City of Blaine Page 1 EDA Minutes - Final January 21, 2016 CROWN ENTERPRISES Planning and Community Development Director Bryan Schafer stated Crown Enterprises and the Rice Creek Watershed District have determined that a portion of the required wetland mitigation for the development’s proposed wetland impacts need to be accomplished off site. He stated Crown is requesting the EDA consider selling up to 3.5 acres of wetland credits to support the project. He noted Crown has agreed to pay the EDA $1.80 per square foot for the credits plus reimburse the EDA’s cost of withdrawal from the wetland bank. He noted this transaction would not happen until the site plan is done. Commissioner Bourke asked if the dynamics will change of the site. Planning and Community Development Director Schafer replied no. Commissioner Swanson asked if costs will be covered. Planning and Community Development Director Schafer replied yes. Moved by Commissioner Bourke, seconded by Commissioner Swanson, that “Resolution 16-03, “Consideration of the Sale of EDA Controlled Wetland Credits to Assist Site Development for Crown Enterprises,” be approved. Motion adopted unanimously. Aye: 5 - Comissioner Bourke, Comissioner Hovland, President Ryan, Comissioner Swanson, and Comissioner King 4-2 EDA RES 16-04 HOLDING A BUSINESS SUBSIDY PUBLIC HEARING AND CONSIDERATION OF PROVIDING POOLED TIF ASSISTANCE TO STREAMWORKS, LLC IN THE AMOUNT OF $400,000 President Ryan opened the public hearing at 7:21 p.m. Economic Development Coordinator Thorvig stated Streamworks is looking to build a new 88,000 square foot office/production headquarters on Pheasant Ridge Drive in the Lexington Preserve Office Park the property that is owned by CSM Development. He stated the proposed project costs are approximately $8,885,000 and Streamworks targeted goal is $8,000,000. He stated to assist Streamworks, CSM has reduced their costs by $400,000 and requested the City contribute $400,000 in pooled TIF funds. He noted that the current balance of pooled redevelopment TIF funds is $10,746,923. He stated the project would have a quick construction schedule and be in the new building in the fall. President Ryan closed the public hearing at 7:27 p.m. Commissioner King asked about salary averages. Economic Development Coordinator Thorvig replied $50,000 and up. City of Blaine Page 2 EDA Minutes - Final January 21, 2016 Commissioner King asked if there will be room for them to expand at this site. Economic Development Coordinator Thorvig replied yes. Moved by Commissioner Bourke, seconded by Commissioner Swanson, that Resolution 16-04, “Holding a Business Subsidy Public Hearing and Consideration Providing Pooled TIF Assistance to Streamworks, LLC in the amount of $400,000,” be approved. Motion adopted unanimously. Aye: 5 - Comissioner Bourke, Comissioner Hovland, President Ryan, Comissioner Swanson, and Comissioner King 5 Other Business None. 6 Adjournment Moved by Commissioner Bourke, seconded by Commissioner Hovland, to adjourn the meeting at 7:29 p.m. Motion adopted unanimously. Aye: 5 - Comissioner Bourke, Comissioner Hovland, President Ryan, Comissioner Swanson, and Comissioner King City of Blaine Page 3