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HomeMy WebLinkAbout2013 02-11 EDA Meeting PacketAGENDA MAPLEWOOD AREA ECONOMIC DEVELOPMENT AUTHORITY Immediately Following the 5:00pm City Council Manager Workshop Monday, February 11, 2013 The Maplewood City Council Serves as the Maplewood Area Economic Development Authority A. CALL TO ORDER B. ROLL CALL C. APPROVAL OF AGENDA D. APPROVAL OF MINUTES 1. Approval of January 28, 2012 Economic Development Authority Meeting Minutes E. PUBLIC HEARING None F. UNFINISHED BUSINESS 1. Highway 36 and English Interchange Acquisition Discussion (No Report) Declaration of Intent to Close Meeting (Minn. Stat. § 13D.05) G. NEW BUSINESS None H. ADJOURNMENT THIS PAGE IS INTENTIONALLY LEFT BLANK Item D1 January 28, 2013 Maplewood Area Economic Development Authority Meeting Minutes 1 MINUTES MAPLEWOOD AREA ECONOMIC DEVELOPMENT AUTHORITY January 28, 2013 Council Chambers, City Hall A. CALL TO ORDER A meeting of the City Council serving as the Economic Development Authority, (EDA), was held in the City Hall Council Chambers and was called to order at 9:00 p.m. by EDA Vice-Chair Rossbach. B. ROLL CALL Will Rossbach, Vice Chair Present Rebecca Cave, Member Present Robert Cardinal, Member Present Kathleen Juenemann, Member Present Marvin Koppen, Member Present C. APPROVAL OF AGENDA Member Cardinal moved to approve the agenda as submitted. Seconded by Member Koppen Ayes – All The motion passed D. APPROVAL OF MINUTES 1. Approval of December 10, 2012 Economic Development Authority Meeting Minutes Member Juenemann moved to approve the December 10, 2012 Economic Development Authority Meeting Minutes as submitted. Seconded by Member Koppen Ayes – All The motion passed. E. PUBLIC HEARING None F. UNFINISHED BUSINESS 1. Election of Officers Assistant City Manager Ahl gave the staff report. EDA Packet Page Number 1 of 3 Item D1 January 28, 2013 Maplewood Area Economic Development Authority Meeting Minutes 2 Vice Chair Rossbach moved to nominated Member Marv Koppen as Chair and Member Rebecca Cave as Vice Chair. Member Koppen and Member Cave accepted the nominations. No other nominations were made. Vice Chair Rossbach Closed the Nominations Ayes – All G. NEW BUSINESS 1. Approval of Resolution Authorizing Legislation Request for Tax Increment Financing District for Research and Development Lab Facility on 3M Campus Assistant City Manager Ahl gave the staff report and answered questions of the council. Member Rossbach moved to approve the Resolution indicating support for the proposed legislation authorizing revisions to TIF Statutes for the 3M Research and Development Laboratory Facility. RESOLUTION 13-1-851 RESOLUTION SUPPORTING SPECIAL LEGISLATION IN CONNECTION WITH ONE OR MORE PROPOSED TAX INCREMENT FINANCING DISTRICTS BE IT RESOLVED by the City Council (the "Council") of the City of Maplewood, Minnesota (the "City"), acting in their authority as the Economic Development Authority (the “EDA”), as follows: (i) Findings. (a) It is proposed that 3M construct a new research and development facility in the City and undertake certain renovation and renewal of its facilities (the “Project”) located within the 3M campus in the City (the “Project Area”). (b) It is proposed that the City will construct a fire station and a city emergency operating center that will provide fire protection and emergency medical services (the “Emergency Facilities”) in the Project Area. (c) Existing tax increment financing statutes are inadequate to provide for tax increment financing for the Project and the Emergency Facilities. (d) The City, acting through the EDA, and 3M desire to propose special legislation to be adopted by the Minnesota Legislature that will provide tax increment financing assistance to the Project and the Emergency Facilities under the current tax increment financing laws. The proposed special legislation has been presented to the City Council. (e) 3M is important to the City and to the State of Minnesota as a major employer and one of the largest taxpayers in the State and the City. (f) 3M’s new research and development facility is part of a global strategy of investing in innovation, which also includes a commitment to increase research and development investment to six percent of sales by 2017. EDA Packet Page Number 2 of 3 Item D1 January 28, 2013 Maplewood Area Economic Development Authority Meeting Minutes 3 (g) The 3M research and development facility will assist in maintaining the core of 3M's research and development in the City. (h) With a large percentage of 3M's worldwide workforce likely to retire in the upcoming years, the renovation of the office space at the headquarters is a necessary step to remain competitive in today's workforce and attrack highly trained individuals. (i) The City desires to support 3M in the construction of the Project. (ii) Support Special Legislation. The City and the EDA hereby support the proposed special legislation that will allow special rules under the tax increment financing statutes for the Project and the Emergency Facilities. (iii) Effective Date. This resolution is effective upon the date of its approval. Adopted this 28th day of January, 2013. Seconded by Member Cardinal Ayes – All The motion passed. H. ADJOURMENT EDA Chair Koppen adjourned the meeting at 8:42 p.m. EDA Packet Page Number 3 of 3