HomeMy WebLinkAbout2025-06-23 EDA Meeting Minutes-Special Meeting
MEETING MINUTES
MAPLEWOOD ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING
6:30 P.M. Monday, June 23, 2025
City Hall, Council Chambers
A. CALL TO ORDER
A special meeting of the Maplewood Economic Development Authority (EDA) was held in
the City Hall Council Chambers and was called to order at 7:00 p.m. by President
Abrams.
B. ROLL CALL
Marylee Abrams, President Present
Rebecca Cave, Vice President Present
Kathleen Juenemann, Commissioner Present
Chonburi Lee, Commissioner Present
Nikki Villavicencio, Commissioner Present
C. APPROVAL OF AGENDA
Commissioner Cave moved to approve the agenda as submitted.
Seconded by Commissioner Juenemann Ayes – All
The motion passed.
D. APPROVAL OF MINUTES
1. May 27, 2025, Economic Development Authority Meeting Minutes
Commissioner Juenemann moved to approve the May 27, 2025 Economic Development
Authority Special Meeting Minutes as submitted.
Seconded by Commissioner Lee Ayes – All
The motion passed.
E. PUBLIC HEARING
None
F. UNFINISHED BUSINESS
None
G. NEW BUSINESS
1. Resolution Adopting Notice of Intent to Certify Tax Levy
EDA Attorney Batty gave the staff report.
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Commissioner Lee moved to adopt the attached resolution entitled “Resolution Declaring
Intent to Certify Economic Development Authority Levy under Minnesota Statutes, section
275.067 and Affirming Boundaries of the Economic Development Authority”.
Resolution 25-06-0027
RESOLUTION DECLARING INTENT TO CERTIFY ECONOMIC DEVELOPMENT
AUTHORITY LEVY UNDER MINNESOTA STATUTES, SECTION 275.067 AND
AFFIRMING BOUNDARIES OF THE ECONOMIC DEVELOPMENT AUTHORITY
BE IT RESOLVED by the Board of Commissioners of the Maplewood Economic
Development Authority (“MEDA”) as follows:
Section 1 Recitals:
1.01 MEDA is an economic development authority under Minnesota Statutes,
sections 469.090 through 469.1081 and operates under the Amended
Enabling Resolution adopted by the City of Maplewood on July 22, 2019.
Minutes from the Maplewood City Council meeting of July 22, 2019 are
attached hereto as Exhibit A.
1.02 MEDA’s boundaries and area of operation covers the entire City of
Maplewood. MEDA has established Development District No. 1 which
includes the entire City of Maplewood.
1.03 Minnesota Statutes, section 469.107 allows a city, at the request of an
economic development authority, to levy a tax for the benefit of the economic
development authority.
1.04 Minnesota Statutes, section 275.067 requires that special taxing districts,
including economic development authorities, that have not previously certified
a levy notify the county auditor before July 1 of their intent to certify a levy in
the current year for taxes payable in the following calendar year.
1.05 MEDA has not previously certified a levy and wishes to give written notice to
the Ramsey County Auditor of its intent to certify a levy in 2025 for taxes
payable in 2026.
Section 2 Intent to Levy; Boundaries of MEDA
2.01 Notice is hereby given that MEDA intends to certify a levy to the Ramsey
County Auditor in 2025 for taxes payable in 2026.
2.02 The boundaries of MEDA include the entire City of Maplewood and all property
within the City of will be subject to the levy.
2.03 A map of the boundaries of MEDA is attached hereto as Exhibit B.
Section 3 Notification; Further Proceeding
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3.01 The Executive Director is hereby authorized and directed to transmit a copy of
this resolution to the Ramsey County Auditor as written evidence of MEDA’s
intent to certify a levy in 2025 for taxes payable in 2026 as provided in
Minnesota Statutes, section 469.107 and in satisfaction of section 275.067
and affirming the boundaries of MEDA.
3.02 The Executive Director, MEDA staff and consultants are authorized and
directed to take such additional actions as may be necessary or convenient to
carry out the intent of this resolution.
Seconded by Commissioner Cave Ayes – All
The motion passed.
2. Tax Increment Financing District No. 1-19
a. Resolution Adopting Modification of the Development District Program
for Development District No. 1 and the Tax Increment Financing Plan for
Tax Increment Financing District No. 1-19
b. Contract for Private Development
c. Resolution Authorizing Interfund Loan
Assistant Executive Director Parr provided background information. Jason Aarsvold,
Senior Municipal Advisor with Ehlers, gave the presentation.
Commissioner Lee moved to approve the resolution adopting Modification of the
Development District Program for Development District No. 1 and the Tax Increment
Financing Plan for Tax Increment Financing District No. 1-19.
Resolution 25-06-0028
RESOLUTION ADOPTING MODIFICATION OF THE DEVELOPMENT DISTRICT
PROGRAM FOR DEVELOPMENT DISTRICT NO. 1 AND THE TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 1-19
BE IT RESOLVED by the Board of Commissioners of the Maplewood Economic
Development Authority as follows:
Section 1. Recitals.
1.01. The Maplewood Economic Development Authority (“MEDA”) has been
established by the city of Maplewood (the “City”) to promote development
and redevelopment within Maplewood.
1.02. Under the terms of the modified enabling resolution adopted by the City on
July 22, 2019, MEDA has all the powers and authority of an economic
development authority under Minnesota Statutes, sections 469.090
through 469.1081 (the “EDA Act”), of a housing and redevelopment
authority under Minnesota Statutes, sections 469.001 through 469.047
(the “HRA Act”) and of a city under Minnesota Statutes, sections 469.124
through 469.134 (the “City Development Districts Act”).
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1.03. MEDA’s goals include recognizing the practical impediments to
development and redevelopment in areas of the community which are fully
developed and offering public assistance for projects which advance its
goals.
1.04. To promote development and redevelopment of the community, the City
previously established Development District No. 1 (the “Development
District”) and adopted a Development District Program (the “Development
Program”) for same.
1.05. In response to a redevelopment proposal regarding the property at 1375
Frost Avenue, MEDA authorized the preparation of a modification of the
Development Program and a tax increment financing plan (the “TIF Plan”)
for Tax Increment Financing District No. 1-19 (the “TIF District”), which are
contained in a document entitled “Modification to the Development
Program for Development District No. 1 and Tax Increment Financing Plan
for Tax Increment Financing District No. 1-19” and on file with MEDA.
Section 2. Authority Approval.
2.01. Copies of the modified Development Program and the TIF Plan were
transmitted to the board of commissioners of Ramsey County and the
board of Independent School District No. 622 for review and comment and
said public bodies were notified of the public hearing to be held on the
modified Development Program and TIF Plan by the City on June 23,
2025. Notice was also provided to the Ramsey County commissioner in
whose district the TIF District is located 30 days before publication of the
notice of the public hearing.
2.02. On June 23, 2025, the City intends to hold a public hearing to consider the
modification of the Development Program and adoption of the TIF Plan.
2.03. MEDA finds that its objectives of encouraging development and
redevelopment within the designated area of Maplewood will be advanced
by adoption of the modified Development Program and the TIF Plan.
2.04. MEDA also finds that the modified Development Program and the TIF Plan
are consistent with the City’s comprehensive plan.
2.05. The modified Development Program and TIF Plan are hereby adopted.
Section 3. Further Proceedings.
3.01. MEDA recommends that the modified Development Program and TIF Plan
be approved by the City following the public hearing.
3.02. Upon approval of the modified Development Program and the TIF Plan by
the City, MEDA’s executive director is authorized and directed to request
that the original tax capacity of the property within TIF District No. 1-19 be
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certified to MEDA by Ramsey County.
Seconded by Commissioner Juenemann Ayes – All
The motion passed.
Commissioner Juenemann moved to approve the Contract for Private Development with
Beacon Acquisition, LLC.
Seconded by Commissioner Cave Ayes – All
The motion passed.
Commissioner Lee moved to approve the resolution authorizing an Interfund Loan for
Advance of Certain Costs in Connection with Tax Increment Financing District No. 1-19.
Resolution 25-06-0029
RESOLUTION AUTHORIZING INTERFUND LOAN FOR ADVANCE OF CERTAIN
COSTS IN CONNECTION WITH TAX INCREMENT FINANCING DISTRICT NO. 1-19
BE IT RESOLVED by the Board of Commissioners of the Maplewood Economic
Development Authority as follows:
Section 1. Background.
1.01. The Maplewood Economic development Authority (“MEDA”) has
established Tax Increment Financing District No. 1-19 (the “TIF District”),
pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, as
amended (the “TIF Act”).
1.02. MEDA has and will incur certain costs (the “Preliminary Costs”) related to
the TIF District prior to such time as tax increment will be available to pay
for such costs.
1.03. Pursuant to Section 469.178, subdivision 7 of the TIF Act, MEDA is
authorized to advance or loan money from its general fund or any other
fund from which such advances may be legally authorized in order to
finance the Preliminary Costs.
1.04. MEDA will loan funds from its general fund (the “General Fund”), or any
other fund designated by MEDA’s Executive Director, to finance the
Preliminary Costs in accordance with the terms of this resolution (the
“Interfund Loan”).
Section 2. Interfund Loan Authorized.
2.01. MEDA hereby authorizes the advance of up to $50,000 from the General
Fund or other funds or so much thereof as may be required to pay the
Preliminary Costs. MEDA shall reimburse itself for such advances together
with interest at the rate stated below. Interest accrues on the principal
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amount from the date of each advance. The maximum rate of interest
permitted to be charged is limited to the greater of the rates specified under
Minnesota Statutes, Section 270C.40 and Section 549.09 as of the date the
loan or advance is authorized, unless the written agreement states that the
maximum interest rate will fluctuate as the interest rates specified under
Minnesota Statutes, Section 270C.40 or Section 549.09 are from time to
time adjusted. The interest rate shall be 5.0 percent and will not fluctuate.
2.02. Principal and interest (the “Payments”) on the Interfund Loan shall be paid
semiannually on each February 1 and August 1 (each a “Payment Date”),
commencing on the first Payment Date on which MEDA has Available Tax
Increment (defined below), or on any other dates determined by MEDA’s
Executive Director, through the date of last receipt of tax increment from the
TIF District.
2.03. Payments on the Interfund Loan are payable solely from Available Tax
Increment, which shall mean, on each Payment Date, tax increment
available after other obligations of the TIF District have been paid, or as
determined by MEDA’s Executive Director, generated in the preceding six
months with respect to the property within the TIF District and remitted to
MEDA by Ramsey County, Minnesota, all in accordance with the TIF Act.
Payments shall be applied first to accrued interest, and then to unpaid
principal. Payments on the Interfund Loan may be subordinated to any
outstanding or future bonds or notes issued by MEDA and secured in whole
or in part with tax increment from the TIF District.
2.04. The principal sum and all accrued interest payable under the Interfund Loan
are prepayable in whole or in part at any time by MEDA without premium or
penalty. No partial prepayment shall affect the amount or timing of any
other regular payment otherwise required to be made under the Interfund
Loan.
2.05. The Interfund Loan is evidence of an internal borrowing by MEDA in
accordance with Section 469.178, subdivision 7 of the TIF Act, and is a
limited obligation payable solely from Available Tax Increment pledged to
the payment hereof under this resolution. This Interfund Loan and the
interest hereon shall not be deemed to constitute a general obligation of the
State of Minnesota or any political subdivision thereof, including, without
limitation, MEDA or the city of Maplewood. Neither the State of Minnesota
nor any political subdivision thereof shall be obligated to pay the principal of
or interest on the Interfund Loan or other costs incident hereto except out of
Available Tax Increment, and neither the full faith and credit nor the taxing
power of the State of Minnesota or any political subdivision thereof is
pledged to the payment of the principal of or interest on the Interfund Loan
or other costs incident hereto. MEDA shall have no obligation to pay any
principal amount of the Interfund Loan or accrued interest thereon, which
may remain unpaid after the final Payment Date.
2.06. MEDA may at any time determine to forgive the outstanding principal
amount and accrued interest on the Interfund Loan to the extent
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permissible under law.
2.07. MEDA may from time to time amend the terms of this resolution to the
extent permitted by law, including without limitation amendment to the
payment schedule and the interest rate; provided, however, that the interest
rate may not be increased above the maximum specified in Section
469.178, subdivision 7 of the TIF Act.
2.08. MEDA officials and consultants are hereby authorized and directed to
execute any documents or take any actions necessary or convenient to
carry out the intent of this resolution.
Section 3. Effective Date. This resolution is effective upon approval.
Seconded by Commissioner Villavicencio Ayes – All
The motion passed.
H. ADJOURNMENT
President Abrams adjourned the meeting at 7:20 p.m.
Andrea Sindt, City Clerk
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