Minutes - Economic Development Authority - 10/14/2002

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General discussion took place on the number of members that should serve on the Ramsey Housing Committee and term length. . . .. by Chairperson Riley, seconded by Member Gromberg, to establish a Ramsey Housing Committee with " seven members. Further discussion: Member LeTourneau pointed out that seven members could potentially create more' discussion and therefore result in longer meetings that do not accomplish a great deal. Five members may allow for more productive meetings. · Motion carried. Voting Yes: Chairperson Riley, Members, Anderson, Zimmerman, LeTourneau, Steffen, Gromberg and Kiefer. Voting No: None. Absent: None Motion by Member Gromberg, seconded by Member Steffen, to establish two year terms with four members serving 1 year terms and three members serving two year terms and each member thereafter serving two year. · terms. . -..- Motion carried. Voting Yes: Chairperson Riley, Members, Anderson, Zimmerman, LeT0urneau, Steffen, Gromberg and Kiefer. Voting No: None. Absent: None The EDA directed staff to send out a survey to each resident interested in serving on the Ramsey Housing. Committee and bring back the completed surveys at the November meeting. .... Case #2 Tax Abatement taff included an informational sheet in the agenda packet on Tax Abatement. TIF Specialist Sullivan reviewed ~e main difference and components to Tax Abatement v.s. Tax Increment Financing. Case #3 CDBG Funds TIF Specialist Sullivan reviewed with the EDA the list of four parcels eligible for purchasing with CDBG monies. Sullivan stated Morrell property is a willing seller, Chies property is a willing seller, however he is.. asking approximately six times the value of the property, KIH is a willing seller, and Debee is not responding, to . letters sent by staff stating an interest to possibly purchase the property. . Sullivan stated that if the City purchased the Morrell property the current user could lease the property from the City for one year. TIF Specialist Sullivan stated this would be permitted under Anoka County's guidelines and timelines for utilizing CDBG funds to purchase the blighted property. Member Gromberg asked what the current lease is with Morrell Trucking. :-Member Gromberg asked how the TIF district cash flow is for the Morrell and Chies area. TIF Specialist Sullivan stated TIF District #2 is cash flowing fine, however Morrell and Chies property is out of the TIF district but can be incorporated into the district if qualifying activity occurs. Member Kiefer asked what the acreage difference was between the Chies/Morrell properties and the KIH/Debee properties. Specialist Sullivan stated that the Chies/Morrell property combined is 2 acres and Debee/KIH is 4 acres in' size. The EDA discussed the estimated costs to purchase Chies/Morrell v.s. KIH/Debee property.