Loading...
HomeMy WebLinkAboutEDC 11-17-2004 r ~ . ~HILLS CITY OF ARDEN HILLS, MINNESOTA ECONOMIC DEVELOPMENT COMMISSION NOVEMBER 17, 2004, 7:00 A.M. CITY HALL 2ND FLOOR CONFERENCE ROOM, 1245 WEST HIGHWAY 96 Chairman Aplikowski called the meeting to order at 7:15 a.m. Those in attendance: Chair Aplikowski, Vice Chair Bruce Kunkel, Commission members Kevin Kelly, Ray McGraw, Dale Beane, Chris Ashbach, Jim Paulet and Ed Werner. Staff: Scott Clark. Guest: Judy Tschumper, Burnsville Economic Development Director. Commission member McGraw motioned and Commission member Kunkel seconded to approve the minutes of the November 3, 2004 EDC meeting. The motioned carried unanimously. Mr. Clark discussed upcoming TCAAP rclated meeting datcs with the Army (November 30, 2004), Nuclear Regulatory Commission (December 8, 2004) and a presentation to the Planning Commission (December 1,2004) of the Master Planning Advisory Boards draft Framework Plan. Mr. Clark also discussed that the financial modeling process has begun with Ehlers and that the process to complete the task may not be completed and ready until January considering meeting date opportunities and holiday scheduling conflicts. . Ms. Judy Tschumper, Economic Development Director from Burnsville, and Project Coordinator of the Heart ofthc City (HOC) presented their redevelopment efforts. As handouts she gave the HOC Design Guidelines and the HOC Zoning District Standards. Both of these documcnts are available at the Community Development Department for review. The highlight of her presentation is as follows: . 56 acrc project (similar to SI. Anthony's redevelopment project) . Community based planning effort . Established Design Guidelines are a blend of prescription and philosophy . Tax increment district created was a 15 year Renewal district instead ofa 25 year redevelopment district due to qualifying test restrictions . The City became the "Master Developer" and develops deals on a parcel by parcel basis . Established a "Public Arts Committee" since public art is a key design component of the proj ect . Funding for the project also established through a Burnsville Foundation (park benches, memorial brick garden) . Park dedication fees generated by the project stay within the HOC area . Substantial gap financing revenue generated by grants . Project has extreme density and verticality (i.e. One project is four stories, bottom floor retail- 113 units on one plus acre.) . . Establishment of a Special Service District .. . ECONOMIC DEVELOPMENT COMMISSION MINUTES NOVEMBER 17,2004 . . Established affordable housing units working with the Dakota County Housing and Redevelopment Authority . To date public vs. private investment is 12% (ISO million of private investment and $19 million in public financing) After her presentation, Mr. Clark reiterated thoughts from the group that need to be noted for discussion as part of a final report, these include: . Grants can be a souree of filling financial gaps but may have attachments to them that are not acceptable to the community . Some portion of tax increment raised by TCAAP could be used by the City to assist in financing other City redevelopment projects . TCAAP should allow people who work here to live here . The cost to create public art should be an initial consideration in the development costs, Mr. Clark noted that the next meeting will be on December I, 2004. Sid IllIIlan, Ehlers and Associates, will be making a presentation on internal rates of return, developer profits and how a third party would review the need for assistance. Chairman Aplikowski stated that the group should be thinking about a spring business breakfast . to communicate with owners what is happening in the community and to gain feedback on issues. Also, a spring tour was discussed. Meeting adjourned at 9:05 a.m. .'