EDA

Blaine City Hall City of Blaine 10801 Town Sq Dr NE Blaine, MN 55449 Anoka County, Minnesota Minutes 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 18, 2018 7:20 PM Council Chambers 1 Call to Order The meeting was called to order at 7:25 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 Works Director Jon Haukaas; Police Chief/Safety Services Manager Brian Podany; Finance Director Joe Huss; Economic Development Coordinator Erik Thorvig; Public Services Manager/Assistant City Manager Bob Therres; City Engineer Jean Keely; Communications Technician Roark Haver; Senior Engineering Technician Jason Sundeen; and City Clerk Catherine Sorensen. Present: 7 - Commissioner Clark, Commissioner Hovland, Commissioner King, President Ryan, Commissioner Swanson, Commissioner Jeppson, and Commissioner Garvais 3 Minutes 3-1 DECEMBER 21, 2017 EDA MINUTES Attachments: 12-21-17 EDA Minutes Moved by Commissioner Swanson, seconded by Commissioner Hovland, that the Minutes of December 21, 2017, be approved. Motion adopted 6-0-1 (Commissioner Clark abstained). Aye 6 - Commissioner Hovland Commissioner King President Ryan Commissioner Swanson Commissioner Jeppson Commissioner Garvais Abstain 1 - Commissioner Clark 4 New Business City of Blaine Page 1 EDA Minutes January 18, 2018 4-1 CONSIDERATION OF THE SALE OF EDA WETLAND CREDITS TO THE BOARD OF WATER AND SOIL RESOURCES Attachments: JPA Planning and Community Development Director Schafer stated the Minnesota Board of Water and Soil Resources (BWSR) acting as the agent for the Minnesota Department of Transportation (MnDOT) have requested to purchase 14 acres of wetland credits from the EDA’s Wetland Bank for mitigation of various state roadway projects in our region. The terms of the purchase would be at a price of $54,450 per credit (totaling $762,300), plus applicable fees as detailed in the Joint Powers Agreement. This amount is equivalent to $1.25 per square foot which is significantly lower than the standard rate, $1.80-$2.00 per square foot that is the standard rate charged to developers. Staff is in favor of this rate due to the large volume of credits being purchased and the purchase being made by the State and recommended approval of the wetland credit sale. There are approximately 42 credits remaining in the EDA Wetland Bank. Commissioner King asked if staff had made BWSR aware of the fact this was a one-time deal for the wetland credit sale price. Planning and Community Development Director Schafer reported staff has made BWSR aware that all future wetland credit sales would be considered at a higher purchase price. Moved by Commissioner Hovland, seconded by Commissioner Jeppson, that Resolution No. 18-01, “Consideration of the Sale of EDA Wetland Credits to the Board of Water and Soil Resources,” be approved. Motion adopted unanimously. Aye 7 - Commissioner Clark Commissioner Hovland Commissioner King President Ryan Commissioner Swanson Commissioner Jeppson Commissioner Garvais 5 Other Business None. 6 Adjournment Moved by Commissioner Hovland, seconded by Commissioner Garvais, to adjourn the meeting at 7:33 p.m. Motion adopted unanimously. Aye 7 - Commissioner Clark Commissioner Hovland Commissioner King President Ryan Commissioner Swanson Commissioner Jeppson Commissioner Garvais City of Blaine Page 2