Agenda - Council - 12/13/2016 - Laserfiche WebLink

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This case was reviewed by the EDA on December 08.Minutes are not available due to timing. Below is a summary of EDA feedback: It was EDA consensus for staff to begin the rezoning process for the future business park now. The EDA supports being the applicant for the rezoning process. The EDA recognized that it would be ideal to have the updated infrastructure analysis completed before making the zoning change. However,for the following reasons, the EDA was okay with beginning the rezoning process now: (1)results within the new infrastructure analysis are not anticipated to change substantially(i.e. what arterial infrastructure is needed and how much it will cost), staff is working with prospects interested in the new business park now(for projects in 2017), and the process to rezone will likely take 3-4 months. It was EDA consensus to support updating the Bolton &Menk infrastructure study, and to share costs with Capstone Homes for that update. The EDA felt it made sense to get an updated arterial infrastructure study, to allow for more robust discussions RE the cost of arterial infrastructure--and subsequently, who will be paying for what arterial infrastructure (i.e. CapStone Homes, Hageman, City, etc). The EDA understood that Hageman Holdings is willing to rezone their property, and be a willing seller. However Hageman Holdings is not willing to take on additional assessments (beyond their current substantial assessments). As a result, the City will need to consider if they want to support the new business park by being open to a conversation about picking up new arterial infrastructure costs associated with the business park area. The EDA was generally open to that discussion. The EDA further indicated, if the City were to financially participate in arterial infrastructure in the new business park, they would want assurances from Hageman Holdings on max sale prices for land, and what is to be included in said sale prices. Action: (1)direct staff to rezone Lot 1 Block 1, and Outlot B, of Alpha Plat, to allow for a business park and quasi-public uses. NOTE: the Planning Commission will take the lead on drafting a zoning amendment(i.e. creation of a new zoning district). Once new district is in place, the rezoning will occur. The Ramsey EDA will act as applicant, and will be charged about$5,00048,000. City will fund via EDA professional services account. This process will take about four months (i.e. done by April/May 2017). (2)direct staff to work with CapStone Homes to update the previously completed Bolton&Menk arterial infrastructure analysis. NOTE: staff will require a 50:50 cost share. This work shouldn't take more that 30-60 days (i.e. done by March 2017). This will cost about$5,000415,000 total. City will fund via TIF Account N. Once this work is completed, the City can have a robust policy discussion RE assessments/cost-share for arterial infrastructure in the future business park. Attachments Ref Maps 1107 2016 Case Original Bolton and Menk Arterial Infrastructure Analysis Original Economic Development Analysis Alpha Plat Form Review Inbox Reviewed By Date Patrick Brama(Originator) Patrick Brama 12/08/2016 01:43 PM Kurt Ulrich Kurt Ulrich 12/08/2016 03:53 PM Form Started By:Patrick Brama Started On: 12/07/2016 04:46 PM Final Approval Date:12/08/2016