CCP 09-27-2011 - Laserfiche WebLink

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MINUTES New Brighton Economic Development Commission Approved Regular Meeting—June 21, 2011 7:30 a.m. Members/Liaisons Present: Bob Smith, Terri Snell, Marie Hansen, Paul Zisla, Mike Murlowski, Vivian Neumann-Walker, Al Potter, Councilmember Char Samuelson Members/Liaisons Absent: D.L. Beach Staff Present: Grant Fernelius-Community Development Director; Katie Bruno- Office Assistant. Guests Present: None Nomination of Temporary Chairperson Commissioner Smith recommended Commissioner Zisla serve as Chairperson for 2011, Commissioner Zisla accepted. Call to Order Commissioner Zisla called the meeting to order. Approval of Minutes Commissioner Smith motioned approval of the Minutes from the May 17, 2011 meeting, Commissioner Zisla seconded. Report from Council Liaison Councilmember Samuelson reported the Library groundbreaking was June 7th, an October opening is anticipated. The groundbreaking for The View Apartments is scheduled for June 28th. Commissioner Murlowski questioned what the County has planned for the Arden Hills Library building. Commissioner Smith stated the property is being auctioned. Commissioner Potter question the completion date for the View Apartments. Director Fernelius responded the end of 2012. New Brighton Exchange Report The View Apartments at Long Lake Groundbreaking Director Fernelius reported that on May 26th the City closed with Stuart Companies on a 4 acre parcel for The View Apartments at Long Lake. The developer started some initial site work in early June. The official groundbreaking ceremony is scheduled for Tuesday, June 28th at 5:30 p.m. on the project site. Commissioner Neumann-Walker asked for clarification on "market rate." Director Fernelius noted this is a high end housing option, with rents ranging from approximately$800 for an efficiency unit to $1500 fro a two bedroom unit. Ryan and Welsh Agreements Director Fernelius reported the Council accepted the EDC's recommendations for both Ryan and Welsh companies and directed staff to start working on contracts with each group. Over the last month staff and legal counsel have been negotiating with the firms on separate agreements. The proposed contract with Ryan would run for 3.5 years and describes the responsibilities of each party. Welsh Companies will serve as the land broker and main marketing agent. In addition, Welsh will help negotiate leases on behalf of Ryan for prospective users. The parties agreed on a 2 year term, which gives the City some flexibility if the partnership is not working.