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HomeMy WebLinkAboutResolution No. 2016-102 Met Council Grant 7700 France Ave e 1 s RESOLUTION NO. 2016-102 AUTHORIZING GRANT APPLICATION FOR METROPOLITAN COUNCIL'S TAX BASE REVITALIZATION ACCOUNT FOR NEW MEDICAL OFFICE BUILDING LOCATED AT 7700 FRANCE AVENUE WHEREAS the City of Edina is a participant in the Livable Communities Act's Local Housing Incentives Account Program for 2016 as determined by the Metropolitan Council, and is therefore eligible to apply for funds under the Tax Base Revitalization Account; and WHEREAS the City has identified a contamination clean-up project within the City that meets the Tax Base Revitalization Account's purposes and criteria and is consistent with and promotes the purposes of the Metropolitan Livable Communities Act and the policies of the Metropolitan Council's adopted metropolitan development guide; and WHEREAS, the clean-up project is integral to Frauenshuh Companies and Twin Cities Orthopedics request to construct a new medical office building, structured parking and future expansion at 7700 France Avenue South; and WHEREAS the City has the institutional, managerial and financial capability to ensure adequate project and grant administration; and WHEREAS the City certifies that it will comply with all applicable laws and regulations as stated in the contract grant agreements; and WHEREAS the City finds that the required contamination cleanup will not occur through private or other public investment within the reasonably foreseeable future without Tax Base Revitalization Account grant funding; and WHEREAS the City represents that it has undertaken reasonable and good faith efforts to procure funding for the activities for which Livable Communities Act Tax Base Revitalization Account funding is sought but was not able to find or secure from other sources funding that is necessary for cleanup completion and states that this representation is based on the following reasons and supporting facts: • The site was formerly used as the France Avenue Dump and the on-site soils vary in their suitability for new construction, thus requiring environmental remediation and stabilization in order to create a buildable site. • The proposed location has been underutilized as an overflow surface parking lot for several decades, making little contribution to the tax base. CITY OF EDINA 4801 West 50th Street•Edina,Minnesota 55424 www.EdinaMN.gov•952-927-8861 • Fax 952-826-0390 • The developer has expressed a willingness to satisfy the local match but indicates that the project would not be financial feasible if they are required to bear the entire cost of site remediation. • After meeting with representatives of Hennepin County, Metropolitan Council and Minnesota Department of Employment and Economic Development, it was apparent that no single agency was willing to fund the remediation alone, but that each would be willing to consider funding a portion of the remediation. • The existing surface parking lot contributes little to the tax base and provides no employment opportunities. • The proposed development would create dozens of professional jobs and allow for business expansion to meet the needs of the marketplace; and • The location of the project can take advantage of existing highway and infrastructure investments, as well as transit connections via Metro Transit routes#6 and 540. NOW THEREFORE BE IT RESOLVED that, the Edina City Council authorizes 7700 France Avenue, LLC and Braun Intertec to submit an application for Metropolitan Council Tax Base Revitalization Account grant funds and, if the City is awarded a Tax Base Revitalization Account grant for the Medical Office Building project, the City will be the grantee and agrees to act as legal sponsor to administer and be responsible for grant funds expended for the project contained in the Tax Base Revitalization grant application submitted on November I, 2016. Adopted by the Edina City Council this 5th day of October, 2016. Attest: Debra A. Mangen, City Clerk James B. Hovland, Mayor STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) SS CITY OF EDINA ) CERTIFICATE OF CITY CLERK 1, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the attached and foregoing City Council Minutes is a true and correct copy of the Resolution duly adopted by the Edina City Council at its regular meeting of October 5, 2016, and as recorded in the Minutes of said regular meeting. WITNESS, my hand and seal of said City this day of 2016. Debra A.Mangen,City Clerk