CCP 10-23-2007 - Laserfiche WebLink

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Railroad Wye and Team Track OFernelius reported that staff has reached an agreement with MT Properties and staff is still working on an agreement with MN Commercial Rail. MN Commercial would like to have an estimate for the projected cost up front and staff is hoping to have those numbers and a deal signed by next week. Nelson asked whether construction would begin in the spring. Fernelius replied that is correct; construction would begin in the spring and be completed by July. Business Report Chamber of Commerce Nustad reported that the Chamber has become a community partner with the 1-35W Corridor Coalition. 't'here was a great meeting last week regarding the 1-35W bridge and he has several handouts from the meeting if anyone would like to view them. The Chamber has also created a webpage, northamenities.com, to help access all of the new Medtronic employees that will start moving into the Mounds View building at the end of the month. The web page will connect directly with their Intranet, which will give local businesses a great way to access the employees and help the employees come familiar with the area. Nelson asked whether the Chamber knows what will happen with rest of the golf course. Nustad replied that rest of the space will be used as a possible expansion site and will remain as it is for now. Miscellaneous Flahave asked for a copy of the newest copy of the sources-and-uses for all of the TIF districts throughout * the City. Fernelius replied that the annual report has a section that summarizes all of the TIF districts in the City. Lotter added that the annual audit is done in May and presented to Council in June. Black offered to provide a copy of last year's numbers from the June report. Black cautioned anyone looking at tax increment districts that the laws have changed several times through the years, so when looking at cash balances, you have to know the laws when the district was created in order to determine how the balances may be used. Kaufhold asked what parks and pathways have been planned for the Northwest Quadrant. Black replied that the Parks and Recreation Department is creating a strategic plan to address parks and paths throughout the development. He added that three to four years ago Council approved a park dedication fee that continues to provide funding into for park development fund. Kauthold asked if there would be a pathway within the development. Fernelius replied that Council has approved Bonestroo to design the parks with in the development and a ten-foot path has been proposed throughout the development. Black added that staff would highlight this topic more next month. Adjournment The meeting was adjourned at 8:35 a.m. • Page 4 of 4