Agenda - Council - 07/11/2017 - Laserfiche WebLink

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Ramsey for economic development success into the future. He noted that the EDA reviewed this case on June 8th and felt that it was generally consistent with the previous discussion/action by the EDA and Council in April and by consensus passed a motion to approve the MOU. Councilmember Riley stated that the EDA reviewed this case and is supportive as this will help to create the much anticipated business park. Motion by Councilmember Riley, seconded by Councilmember Johns, to Adopt the Memorandum of Understanding (MOU); authorizing a not -to -exceed $250,000 reimbursement to PSD LLC for the construction of a new public roadway located within the City's new business park. Motion carried. Voting Yes: Mayor Strommen, Councilmembers Riley, Johns, Kuzma, and Shryock. Voting No: None. Absent: Councilmembers LeTourneau and Williams. 7.02: PSD LLC Business Park: Consider Accepting Business Subsidy Application and Call for a Public Hearing (Building #2) Asst. City Administrator/Economic Development Manager Brama reviewed the staff report and recommendation from staff and the EDA to accept the business subsidy request from PSD LLC. He noted that staff believes that this request needs to be underwritten and checked against the policies of the City. He noted that staff also believes that from a preliminary/high-level perspective, the request seems reasonable for the City to further consider. He noted that the EDA also reviewed the request and by consensus, passed a motion to accept the business subsidy application from PSD LLC. Councilmember Kuzma asked for input from the developer. Matt Kuker stated that he was thinking about how this could get done to meet the timeline of Adrenaline Sports, noting that swapping the building pads will save about one month in the timeline. He commended staff for their continued cooperation and their ability to respond to changes. He stated that Adrenaline will occupy 88.5 percent of the building. He explained that the spec building and Adrenaline Sports building are not the same size, so basically this change will allow a 50-foot end open which could accommodate a batting cage client. He stated that he spoke with the owner of Adrenaline Sports, who is supportive of the change to the new location. Motion by Councilmember Kuzma, seconded by Councilmember Johns, to accept a business subsidy application from PSD LLC and call for a public hearing on July 25, 2017. Motion carried. Voting Yes: Mayor Strommen, Councilmembers Kuzma, Johns, Riley, and Shryock. Voting No: None. Absent: Councilmembers LeTourneau and Williams. 7.03: Consider Adoption of Resolution #17-06-158 Providing for the Sale of $895,000 in General Obligation Road Reconstruction Bonds, Series 2017A City Council / June 27, 2017 Page 5 of 9