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Home My WebLink About[02 EDA] EDA Economic Development District Council Agenda Item EDA (2) MEETING DATE: March 22, 2016 AGENDA ITEM: Public Hearing – Establishment of Economic Development District SUBMITTED BY: Administration BOARD/COMMISSION/COMMITTEE RECOMMENDATION: On February 25, 2016 the EDA and St. Joseph City Council met in special session to discuss the proposed Government Center and financing. The EDA voted to authorize the issuance of Public Project Revenue Bonds as an alternative financing source. The EDA authorized the setting of the public hearing to establish an economic development district. PREVIOUS COUNCIL ACTION: On February 25, 2016 during the joint meeting of the EDA and City Council, the Council accepted the motion of the EDA authorizing the issuance of Public Project Revenue Bonds for the financing of the Government Center. BACKGROUND INFORMATION: As stated above both the EDA and City Council have already authorized the issuance of Public Project Revenue Bonds and the EDA authorized the setting of the public hearing to establish an economic development district. Therefore, the action on the meeting at this time is NOT the issuance of bonds, it is establishing an Economic Development District. The boundary of the district is the entire 16 acre parcel that was the former Colts Academy site. Placing the entire parcel in the district allows for flexibility in financing other developments in the project to include the remodeling/addition of a community center or any other building that would be constructed on the site. The public hearing notice was published in the St. Cloud Times and the St. Joseph Newsleader. The hearing notice required a 10 day notice which was met with the ad in the St. Cloud Times. The City has established both the St. Cloud Times and Newsleader as the official paper and when the deadline cannot be met for the Newsleader, the St. Cloud Times is used. This has the case since the Council first named the Newsleader as one of the official Newspapers. The ad placed in the Newsleader was not required, but historically we have printed the ad in the first available edition as long it occurs before the meeting. The legal for the Newsleader had a typo and the County in one area was listed as Olmsted, but Stearns in the official legal notice. While the EDA by Statute conducts the public hearing the City requires the EDA forward a recommendation to the Council on such matters. Therefore, procedurally the EDA will meet first at the dais, conduct the public hearing and make a recommendation to the City Council. The EDA will adjourn the EDA meeting and at that time the Council will move to the dais and the normal meeting will start. ATTACHMENTS: Request for Council Action Resolution EDA 2016-001 Public Hearing Notice REQUESTED COUNCIL ACTION: Authorize the President and Secretary of the St. Joseph EDA to execute Resolution 2016-001 Establishing Economic Development District No. 1 and recommend the Council accept the recommendation of the EDA and execute a resolution establishing Economic Development District No. 1. This page intentionally left blank EDA Resolution 20016-001 RESOLUTION ESTABLISHING ECONOMIC DEVELOPMENT DISTRICT NO. 1 A.WHEREAS, it has been proposed that the Board of Commissioners (the "Board") of the Economic Development Authority of the City of St. Joseph, Minnesota (the "EDA") establish Economic Development District No. 1 pursuant to and in accordance with Minnesota Statutes, Sections 469.090 through 469.1082, inclusive, as amended; and B.WHEREAS, the EDA has performed all actions required by law to be performed prior to the establishment of Economic Development District No. 1, including, but not limited to, the holding of a public hearing upon published notice as required by Minnesota Statutes, Sections 469.101, Subdivision 1; and NOW, THEREFORE, BE IT RESOLVED, by the Board as follows: 1.Economic Development District No. 1. There is hereby established in the City of St. Joseph (the "City") Economic Development District No. 1 (the "Economic Development District"), the initial boundaries of which are fixed and determined as described in Exhibit A. 2.Findings. Economic Development District No. 1 is proper and desirable to establish and develop within the City. Adopted this 22nd day of March, 2016 by the Board of Commissioners of the Economic Development Authority of the City of St. Joseph, Minnesota. _________________________ Dale Wick, President Attest: ________________________ Its: Secretary, Larry Hosch A-1 EXHIBIT A DESCRIPTION OF THE BOUNDARIES OF ECONOMIC DEVELOPMENT DISTRICT NO. 1 That part of Lot Thirty-one (31) of Auditor's Subdivision No. 4, Village of St. Joseph, and part of the Southeast Quarter of the Southwest Quarter (SE ¼ SW ¼) of Section Ten (10), Township 124, North of Range 29 West, Stearns County, Minnesota, described as follows: Commencing at a point on the North Line of the Quarter-Quarter above described, said point being 205.68 Feet East of the Northwest Corner of said Quarter-Quarter; thence continuing along said North Line East 1,106.6 Feet to the Northeast Corner of said Quarter-Quarter; thence along the East Line of said Quarter-Quarter, South 00°20' West 686.0 Feet; thence West 662.68 Feet; thence North 00°20' East, 276 Feet; thence South 89° 57' West, 663.28 Feet to a point on the West Line of said Quarter-Quarter; thence along said West Line, North 1°10' East, 274 Feet; thence North 89°49' East, 213.95 Feet; thence North 02° 19' West, 136.14 Feet to the point of beginning; said Tract containing 16.00 Acres, more or less, and being subject to an existing Partial Road Right of Way along the West Line thereof; all being in Stearns County, Minnesota. 17 Text of Ad: 03/11/2016 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF ST. JOSEPH, MINNESOTA COUNTY OF OLMSTED STATE OF MINNESOTA NOTICE OF PUBLIC HEARING ON ESTABLISHMENT OF ECO- NOMIC DEVELOPMENT DISTRICT NO. t NOTICE IS HEREBY GIVEN that the Board of Commissioners (the "Board") of the Economic Development Authority of the City "tUA"), Mearns �ounrX, Minnesota, will hold a public hearing on March 22, 2016, at 6:00 p.m., at the St. Joseph City Hall, 25 College Avenue North , in the City of St. Joseph, relating to the proposed establishment of Eco- nomic Development District No. 1, pursuant to Minnesota Statutes, Section 469.090 through 469.1082, inclusive, as amended. The property proposed to be in- cluded in Economic Development District No. 1 is described as fol- lows: That part of Lot Thirty-one (31) of Auditor's Subdivision No. 4, Village of St. Joseph, and part of the Southeast Quarter of the Southwest Quarter (SE 1/4SW 1/4)uf Section Ten (10), Township 124, North of Range 29 West, Stearns County, Minnesota, described as follows: Commencing at a point on the North Line of the Quarter - Quarter above described, said point being 205.68 Feet East of the Northwest Corner of said Quarter - Quarter; thence continuing along said North Line East 1,106.6 Feet to the Northeast Corner of said Quarter -Quarter; thence along the East Line of said Quarter - Quarter, South 00°20' West 686.0 Feet; thence West 662.68 Feet; thence North 00°20' East, 276 Feet; thence South 89" 57' West, 663.28 Feet to a point on the West Line of said Quarter -Quarter; thence along said West Line, North 1°10' East, 274 Feet; thence North 89°49' East, 213.95 Feet; thence North 02° 19' West, 136.14 Feet to the point of beginning; said Tract containing 16.00 Acres, more or less, and being subject to an existing Partial Road Right of Way along the West Line thereof; all being in Stearns County, Minnesota. 17 All interested persons may appear at the hearing and present their view orally or in writing. BY ORDER OF THE BOARD OF COMMISSIONERS OF THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF ST. JOSEPH, MINNESOTA /s/ Dale Wick This page intentionally left blank