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HomeMy WebLinkAbout2016/02/01 - ADMIN - Minutes - Economic Development Authority - Regular11ISt. Louis Park OFFICIAL MINUTES M I N N E S 0 T A ECONOMIC DEVELOPMENT AUTHORITY ST. LOUIS PARK, MINNESOTA FEBRUARY 1, 2016 1. Call to Order President Mavity called the meeting to order at 7:21 pan. Commissioners present: President Anne Mavity, Tim Brausen, Steve Hallfin, Gregg Lindberg, Susan Sanger, Thom Miller, and Jake Spano. Commissioners absent: None. Staff present: Executive Director (Mr. Harmening), City Attorney (Mr. Mattick), Economic Development Coordinator (Mr. Hunt), Senior Engineering Project Manager (Mr. Shamla), and Recording Secretary (Ms. Batra). 2. Roll Call 3. Approval of Minutes 3a. Economic Development Authority Meeting Minutes January 19, 2016 It was moved by Commissioner Lindberg, seconded by Commissioner Spano, to approve the EDA minutes as presented. The motion passed 7-0. 4. Approval of Agenda The EDA agenda was approved as presented. 5. Reports 5a. Approval of EDA Disbursements It was moved by Commissioner Spano, seconded by Commissioner Hallfin, to approve EDA Disbursements. The motion passed 7-0. 6. Old Business - None 7. New Business 7a. Approve Sale of View Easement - 7015 Walker Street to Clear Channel Outdoors Inc. Resolution No. 1602, Mr. Shamla presented the staff report regarding the proposed sale of a view easement on the parcel located at 7015 Walker Street to Clear Channel Outdoors. Clear Channel Outdoors would like to purchase a perpetual view easement from the EDA for its Economic Development Authority -2- February 1, 2016 relocated billboard at the NE quadrant of the Hwy 7 and Louisiana interchange. The total view easement on the EDA property would be 806 square feet, The remaining easement, not under setback, is 300 square feet. Mr. Shamla showed a slide to define the adjacent Clear Channel parcel, which is also on the agenda for discussion with the City Council this evening. Mr. Shamla explained that staff has been working with Clear Channel on terms related to the acquisition of remnant parcels at Hwy 7 and Louisiana. The view easement is part of those negotiations and Clear Channel has agreed to purchase it for $3,000. It was moved by Commissioner Spano, seconded by Commissioner Lindberg, to adopt EDA Resolution No. 16-02, approving the Sale of a View Easement at 7015 Walker Street to Clear Channel Outdoors Inc. Commissioner Sanger stated she does not support this proposal for several reasons, The first is because she is a staunch supporter of eliminating billboards entirely because she feels they are visual blight on the community. She explained she understands that a majority of the Council previously supported relocating this billboard rather than buying it out. She stated if this item this is approved the City will be paying approximately $500,000 to Clear Channel for their property without receiving much in return. She added that the easement would protect the view of the billboard in perpetuity, even if Clear Channel no longer owned the billboard. She stated the proposal did not make economic sense and would interfere with future uses of the parcel. She explained that land uses change over time and the City is ceding some control over future uses to Clear Channel and will receive nothing in return. Commissioner Lindberg asked what the plan was for the property moving forward. Mr. Shamla responded that the intent is to build a pond, but the plan is still in the works and could change, Commissioner Brausen stated he is uncomfortable with provision 2c of the agreement which appears to provide Clear Channel with the right to consequential damages in the event that the easement is not preserved in the future. He explained normally the entitlement would be for direct damages and this agreement seems to allow Clear Channel to capture lost income that can be projected in the future. He stated he was also uncomfortable with provision 2d, which gives Clear Channel the right to assign and transfer the interest to anybody else in the future. He noted this would create a perpetual right that Clear Channel could sell for economic benefit in the future. He explained although he was uncomfortable with those provisions he will support this proposal because it does enable the City to get the land that is desired for storm water and other future purposes. In response to President Mavity's request for clarification of the provisions of the agreement, Mr. Mattick explained the details of provisions 2c and 2d. He stated that he considers both provisions to be somewhat standard. Commissioner Spano stated the proposal is for approximately 800 square feet and would not limit the City's ability to use the land. He stated that the deal is reasonable and explained he is in support of this proposal. Economic Development Authority -3- February 1, 2016 Commissioner Hallfin explained that changing ownership of the billboard doesn't change the use of the land. He stated that he will support this proposal, Commissioner Lindberg explained that the view easement would not limit the City's future use of the property. He stated that the proposal makes sense, and if the plan for the use of the land is a storm water pond, then the proposal is important and reasonable. The motion passed 6-1 (Commissioner Sanger opposed). 8. Communications - None 9. Adjournment The meeting adjourned at 7:38 p.m. Meli4sa Kennedy, Secretary Anne Mavity, President