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REQUEST FOR COUNCIL ACTION DATE: 07/21/03 ITEM NO: XL E. Department Approval: DPW Item Description: Manager Ap.Ip;oved~ 'filM ~ CONSENT Set Date to Decide on Ryan Twin Lakes Designated Developer Status (PF3232) Agenda Section: 1.0 REQUEST: 1.1 By November 24, 2003, but no sooner than 60 days prior to that date, the City Council must decide whether to retain Ryan as the designated developer for the Twin Lakes Development Subdistrict containing 108 acres. The Council is asked to place it on the agenda of the September 29,2003 meeting to decide on this issue 2.0 BACKGROUND: 2.1 The development agreement with Ryan Companies has been in place since 1993. The original purpose was to find a developer interested in redevelopment and provide incentives to be the "pioneer redeveloper" of the contaminated brownfield areas. In 1993 it was felt that by having one developer working within a subdistrict and using an approved master plan, the cost of subsidy would be reduced by not allowing the property to be "bid up" by other competition, only to be written down by additional tax increment. The designation allowed Ryan to have the "first offer right" to use TIP on any parcel within the subdistrict. 2.2 Ryan Companies has been the pioneer in Roseville redevelopment. Roseville's policy has been to work with private sector development partners who can plan, design, finance, and construct new development. In 1992-3 no other development company showed interest in Twin Lakes except Ryan. After being designated the developer for the first 10 years of redevelopment, Kent Carlson and Ryan Companies constructed four buildings in Twin Lakes for a total of nearly 326,000 square feet, valued at over $20,000,000, creating more than $500,000 in new property taxes. That translated into over 1,000 new jobs in a diverse group of industries. As the designated developer, Ryan, through Kent Carlson, promoted and recruited new business to Roseville. 2.3 Ryan and the City worked through difficult the demolition of the Mack Hotel and a number of truck terrninals. Ryan and the City were the first to use the Minnesota Pollution Control Agency's new Voluntary Clean-Up (VIe) contamination clean up program - in fact, helped to refine the investigation and review process, When significant contamination was discovered on the north end of Arthur Street, Ryan and the City could have done a minimal clean-up and walked away. To Ryan's (and the City's) credit, they continued to look for better and more cost- effective methods of cleaning the soil and redeveloping the site. A new type of Tax Increment District was create- a contaminated soil sub-district that helped finance a portion of the clean up. Today the site is clean, a siltation and pre-treatment pond catches pollutants before entering Langton Lake, a new street has been built to serve existing and new businesses, and a walkable pathway connection has been made to the new Langton Lake pathways. 3.0 SUGGESTED COUNCIL ACTION: By motion, set September 29, 2003 as the meeting date to decide whether to continue the designation or to allow the Twin Lakes development to become market driven on a project by project basis. Report Prepared by: Dennis Welsch, Com.Dev. Director (651-490-2232) Attachment: Article vn Twin lakes Development District Cc: Kent Carlson, Ryan Companies \ \V ictoria \CommDev\Planning F iles\3 200-3249\3 23 2_ TwinLakesRenewedPlan \RCA - PO 2323- R yanCompanies( 072103 ).doc