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2005 Comprehensive Plan- Dog & Cat Licenses- Economic Development Programs- Liquor Licenses- Merchant Licenses- Zoning Code- Zoning Official Map- EDA- HPC- P&Z
ECONOMIC
DEVELOPMENT AUTHORITY REGULAR MEETING
MINUTES – The regular meeting of the Saint Peter Economic Development
Authority was called to order at Agenda A motion was made by Favre,
seconded by Eichmann to approve the agenda as presented. All members voting aye the motion carried. Minutes A motion was made by Rundell,
seconded by Eichmann to approve the Minutes of the St. Peter Food
Coop Wille stated that the O’Brien addressed the Wille stated that before the project gets underway, financing needs to be in place (Revolving Loan, etc), storm water issues addressed, and exterior renovations and additions reviewed by the Heritage Preservation Commission. Favre asked what the estimated
time was before the Coop started to cash flow.
Favre also asked if the Coop would consider
repaying their revolving loan fund early if they do not need the funds. O’Brien said they would like to help out as
the JP Olson (Creditor Meeting) Wille reported that Brandt and Finance Director Reports Cash Flow Challenges - Wille reported that there are a number of projects that may request revolving funds in the near future. He indicated that the revolving loan funds are nearly depleted and that City Staff would be looking at alternate funding resources. Adjournment Motion by Hansen, seconded by Rundell to adjourn.
All voting in favor, the meeting was adjourned at approximately ECONOMIC
DEVELOPMENT AUTHORITY SPECIAL MEETING
MINUTES – The regular meeting of the Saint Peter Economic Development
Authority was called to order at Agenda A motion was made by Eichmann, seconded by Rundell to approve the agenda as presented. All members voting aye the motion carried. Minutes A motion was made by Hansen, seconded by Dunn to approve the
Minutes of the A motion was made by Rundell,
seconded by Eichmann to approve the Minutes of the Chippewa Packaging
Revolving Loan – Extend Balloon(s) Wille reviewed the history of the Chippewa Packaging loans
to the Wille stated that he received correspondence from Chippewa Packaging indicating that they would be unable to honor the scheduled balloon payment of the 2005 note. Wille said that Chippewa has approached their primary lender and inquired as to the ability to refinance the company financials to allow for the repayment of one or both of the Chippewa notes. The primary lender was unable to extend additional credit to Chippewa at this time. Wille stated that after reviewing the company’s financial reports, it is evident that Chippewa Packaging is unable to provide for repayment of the note(s) without refinancing with the primary lender. Wille stated that Chippewa has requested that the due dates of the note(s) be extended through 2012. Wille said the extension would provide Chippewa Packaging the ability to continue to grow their businesses while maintaining acceptable cash. Mike Steele, Chippewa Packaging, addressed the
A motion was made by Eichmann, seconded by Rundell to introduce Resolution No. 2010-04 entitled, “A Resolution Recommending Modification Of Loan Terms For Two Revolving Loans Previously Provided To Chippewa Packaging, Inc”. With no further discussion, Members Eichmann, Kvamme, Dunn, and Rundell voting in aye, Member Hansen abstaining, the resolution was passed and adopted. Reports Richard’s Pub Wille
reported that the property has changed hands, all of the utility payments are
up to date, the Autotronics Is currently under construction. Saint Peter Food Coop Planning to move to their store to the Nielsen Chev/Olds building. They are in the process of fundraising. Creation
Technologies Wille announced
that Creation Technologies will be 100% vacated from the Counseling
Services of Sweat Equity Has not closed on their $75,000 revolving loan. Ooodles Dwight Schmitz of Ooodles will be paying off his revolving loan as he is retiring and selling the café. EI Microcircuits Wille
reported that Eric Else is considering an expansion of EI Microcircuits in
Saint Peter or Kwik Trip Wille stated that the Kwik Trip building permit will be ready to issue in July. Design Build - Hansen asked whatever came of the design build for the Saint Peter Ford/Four Seasons property. Wille stated that Fischer Development did not ask the City to pay for them so the City does not have a right to copies. Revolving Loan - Hansen also what the maximum one person can borrow from the Revolving Loan Fund. Wille indicated that it depends on each individual project. Adjournment Motion by Dunn, seconded by Hansen to
adjourn. All voting in favor, the
meeting was adjourned at approximately ECONOMIC
DEVELOPMENT AUTHORITY REGULAR MEETING
MINUTES – The meeting of the Saint Peter Economic Development
Authority was called to order by President Mike Favre
at approximately Approval of
Agenda: A motion was made by Southworth, seconded by Eichmann to approve the agenda. All voting in favor, motion carried. Minutes A motion was made by
Kvamme, seconded by Favre to approve the special
meeting minutes of Brick Zen Mortar – Subordination Request Wille stated that at
the March 4, 2010 Special Wille said that if
the Riley was available
at the meeting to answer questions. He
indicated that the request did not include financing any additional funds. A motion was made by
Favre, seconded by Southworth to introduce Resolution
No. 2010 – 01 entitled, “Resolution Recommending The Subordination of City
Mortgages To Facilitate The Refinancing Of The Brick Zen Mortar (Tanis/Riley)
Debt” Members Kvamme, Favre, Eichmann,
Southworth and Rundell voting aye, Members Dunn and
Hansen abstaining. The Resolution was
passed and adopted. Richards Pub Wille stated that
the City has received a request from Pioneer Bank asking that the City
authorize the “short sale” of the real estate and assets of JP Olson, LLC to Kasota Properties, LLC.
Wille added that SBA has also received the same request. Members discussed
the request. Southworth asked if this
was a “take it” or “leave it” request. Willle stated that they did not offer the City any incentive
to authorize the short sale nor does he feel they are expecting a counter
offer. Brandt stated that
if a short sale does not occur, the business will likely close and the City
will remain in the same position they are now.
He added that any decision the Favre asked what, if any comments the City staff
had. Wille stated that the
administration will support the Dunn asked if the Kvamme asked if it
was necessary to make a decision before the SBA decides whether to participate
or not. Hansen said that
waiting may pressure Pioneer Bank to come up with a counter offer or start
foreclosure. Kvamme said that as
an Southworth asked if
Richard’s would be a viable business if this is approved. Favre felt that the A motion was made by
Favre, seconded by Kvamme to introduce Resolution No.
2010 – 02 entitled, A Resolution Recommending That The City Council Decline To
Accept The Terms Of A Short Sale Of JP Olson, LLC Assets As Proposed By Pioneer
Bank And JP Olson, LLC”. All members
voting aye, the Resolution was passed and adopted. Reports Autotronics
– Wille stated
that MPCA has determined that there is minor contamination on the gravel lot
located at the corner of Kwik Trip - Construction is scheduled to begin in July. Ecumen Sr. Housing - Wille stated that Kirk Bernhagen has made a request to the City to authorize assignment of his purchase option for the property located in the North Industrial Park (Blk 1 Lots 4, 5 & 6), to Ecumen Sr. Housing. If approved by the City Council on April 12th, Ecumen would be required to resubmit a design and landscaping plan for their assisted living project. Highway 169
Project –
Wille announced that property/business owners located between Saint Peter Food Coop – The Saint Peter Food Coop continues to negotiate the purchase of a vacant downtown building. The City Council has passed a resolution supporting the Food Coop’s expansion and application to the United States Department of Agriculture for access to the Community Facilities Loan Guarantee Program. Adjourn With no additional business to conduct, a motion was made by
Southworth, seconded by Favre to adjourn. All voting in favor, the meeting was
adjourned at approximately ECONOMIC
DEVELOPMENT AUTHORITY SPECIAL MEETING
MINUTES – The meeting of the Saint Peter Economic Development
Authority was called to order by Community Development Director Approval of
Agenda: A motion was made by Kvamme, seconded by Southworth to approve the agenda. All voting in favor, motion carried. Minutes A motion was made by
Rundell, seconded by Favre
to approve the minutes of Richard’s Pub Wille reported that
Pioneer Bank is attempting to negotiate a “short sale” of the real estate and
assets of Richards Pub. Pioneer Bank is
to prepare the appropriate short sale disclosure for The Wille stated that at
the last A motion was made by
Hansen, seconded by Southworth to direct the City Attorney to prepare and mail
a summons to J.P Olson, LLC. All members
voting aye, the motion carried. Brick Zen Mortar – Amend Collateralization Wille stated that The $60,000 loan is
secured by a “blanket” mortgage recorded against the three properties. The $20,000 loan is secured by a mortgage
recorded against the 326 Wille stated that
Tanis/Riley are obtaining conventional financing from
Nicollet County Bank to pay off the two Wille said that for
taxation purposes, Wille said that if
the Southworth asked if
any additional funding would be added.
He was interested in obtaining additional information on the entire
transaction. A motion was made by
Kvamme, seconded by Favre to table the request until
additional information could be obtained.
All members voting aye, with Hansen abstaining, the motion carried. Reports Public vs Private Data - City Attorney Brandt
addressed the Mary’s Flowers Revolving Loan – Loan is set to close next week. Kwik Trip – Set to begin construction July, 2010. Bernhagen Sr. Housing – Wille reported
that Bernhagen’s senior housing option expires St. Peter Food Coop - Wille stated that the Saint Peter Food Coop continues to explore the Nielsen building purchase of the parking lot. Nielsen’s would maintain the remaining property and perhaps construct a new building. Hwy 169 Project Update Meeting - Wille announced there will be a meeting held
with business owners/building owners/residents that operate/live along Highway
169 from EI Microcircuits - Wille reported that EI
Microcircuits has completed their JOBZ form and they are in compliance. He stated that this report is filed
annually. Wille also added that EI
Microcircuits option on the adjoining lot is ready to expire and that they may
want to extend their option. Adjourn With no additional business to conduct, a motion was made by
Favre, seconded by Southworth to adjourn. All voting in favor, the meeting was
adjourned at approximately ECONOMIC
DEVELOPMENT AUTHORITY MEETING MINUTES – The meeting of the Saint Peter Economic Development
Authority was called to order by Community Development Director Approval of
Agenda: A motion was made by Favre, seconded by Kvamme to approve the agenda. All voting in favor, motion carried. Oath Of Office The Oath of Office
was administered to all of the Election of Officers A motion was made by Southworth, seconded by Hansen to nominate Favre as President. Wille closed nominations. All members voting aye, Favre was elected President. A motion was made by Kvamme, seconded by Eichmann to nominate Hansen as Vice President. Kvamme closed nominations. All members voting aye, Hansen was elected Vice President. A motion was made by Kvamme, seconded by Southworth to nominate the Community Development Director. All members voting aye, the Community Development Director was elected Secretary. A motion was made by Hansen, seconded by Eichmann to nominate the Finance Director as Treasurer. All members voting aye, the Finance Director was elected Treasurer. Minutes A motion was made by
Favre, seconded by Eichmann to approve the minutes of
the Wille said that the
Promissory Note states that, “if the borrower partially or wholly relocated the
principle operations outside of the corporate city limits of Saint Peter; then,
in such event, the holder hereof may, at its option, declare this Note to be
immediately due and payable …….” Wille
explained that it is a grey area and that the Favre was in favor of deferring the balloon until
such time that it is due as long as Envision has minimal office space in Saint
Peter. Favre
did express his concern with setting precedence. Wille indicated that
Envision has exceptional payment history on their revolving loan. He stated that there is no action required at
this time. Richards Pub Wille stated that JP
Olson, LLC (Richards Pub) delinquency remains with the City, Pioneer Bank and
SBA. Wille said that he is aware of a
“short sale” being potentially negotiated.
He indicated that the City and SBA probably would not be receiving any
money depending on negotiations. Members expressed
their hope in that the A motion was made by
Hansen, seconded Eichmann to direct City Attorney Brandt to correspond with JP
Olson, LLC demanding payment within 30 days.
All members voting aye, the motion carried. Reports Churchill/Bell Helicopter - Churchill purchased St. Peter Community Childcare – St. Peter Community Childcare is
current on their revolving loan fund note.
Wille reported that they are seeking additional financing from the Greater CMMLP – Final Report – Twenty-four construction mitigation loans were made for a total of
$130,874. The loans have been deferred
until February 2011 at 0% interest.
Automatic payments will be set up with each borrower. Kwik Trip – Construction is scheduled to begin in
July. Autotronics – Is in the process of negotiating the cost
for the lot clean-up with Shorty Johnson
(seller). Construction will not begin
until the lot has been cleaned-up. Sioux Trails - Will be leasing space in the vacated ISJ Clinic
off of Sunrise Drive. KFC –
David Kerr is looking at constructing a new KFC this spring (2010). He is in the process of drafting new plans. Creation Technologies – Construction is progressing.
Estimated time of possession is April 1st. Wille reported that it could take up to 6
weeks to relocate into the new facility.
Creation Technologies must give the City 60 days notice to cut the
lease. Mary’s Flowers - Will be closing on their revolving loan in
the near future. Ford Site - The
renderings are completed for the St. Peter Ford Site (Wille will mail them to
members). Wille stated that he met with
a potential developer that was interested in the site for a dinner
theater/convention site. Wille suggested
to the developer that he put together financing and a business plan. Nielsen Chev-Olds Site - The Saint Peter Food Coop continues to
look at the Nielsen site. Adjourn With no additional business to conduct, a motion was made by
Favre, seconded by Southworth to adjourn. All voting in favor, the meeting was
adjourned at approximately Saint Peter, MN 56082 Phone: (507) 934-0661 Fax: (507) 934-4917 E mail: cindym@saintpetermn.gov |
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