07/20/2016 - City Council Finance CommitteeFINANCE COMMITTEE MEETING
WEDNESDAY, JULY 20, 2016
1:30 PM
CITY HALL, SECOND FLOOR CONFERENCE ROOM
AGENDA
I. AGENDA ADOPTION
11. FIRE ADMINSTRATION BUILDING
III. CEDAR GROVE REDEVELOPMENT UPDATE
IV. OTHER BUSINESS
V. ADJOURNMENT
Agenda Information Memo
Finance Committee Meeting
July 20, 2016
II. FIRE ADMINISTRATION BUILDING
DIRECTION TO BE CONSIDERED:
Staff is seeking Committee feedback on the following:
1.) The 20 year cost comparison analysis that will be presented at the Finance Committee
Meeting.
2.) The options of renting to outside entities
3.) The relocation of certain Parks and Recreation Staff to the Fire Administration Building
4.) The impact each of these options have on the City Hall/Police Station remodeling
project under consideration for 2018.
FACTS:
➢ At the February 9, 2016 City Council workshop, Staff was asked to provide a cost
comparison over 20 years to relocate City staff to the Fire Administration Building.
➢ Staff has received updated cost projections from Quinn Hudson, CNH Architects on the
costs associated with relocating City Staff to the Fire Administration Building.
Per the Council's request, feedback was also obtained from a reputable commercial real
estate broker with regard to options associated with renting or selling the building.
➢ Art Works of Eagan submitted a proposal to rent the Fire Administration Building, that
has previously been distributed to the City Council.
➢ The YMCA has toured the building on multiple occasions. To date, nothing in writing has
been received from the YMCA confirming their interest and potential terms and
conditions for rental or acquisition of the building.
➢ The Eagan Convention and Visitors Bureau has indicated they would be willing to
consider relocating to the Fire Administration Building, all while recognizing they are
current a rent paying tenant of the Eagan Community Center.
ATTACHMENTS: None - To be distributed at meeting.
Agenda Information Memo
Finance Committee Meeting
July 20, 2016
III. CEDAR GROVE UPDATE
DIRECTION TO BE CONSIDERED:
To discuss the status of development projects in the Cedar Grove Redevelopment District.
FACTS:
➢ The City Attorney and the brokers continue to encourage the Morrissey Group to provide a
deed for the City's reacquisition of the hotel site. At this time, a closing date has not been
scheduled.
➢ The brokers are in contact with a hotel developer that maybe able to move forward with a
hotel project in Fall 2016. In the event that construction cannot begin this fall, staff
recommends an RFP process. Additional hotel developers have expressed interest in the
site, and the brokers are keeping them informed of the project status.
➢ The brokers have reported increased interest in Outlot B from affordable and market rate
housing developers.
➢ By the end of the year, the City will transition away from the Cedar Grove Gateway
newsletter towards a semi-annual development insert in the Eagan Business News.
➢ Additional information will be provided at the meeting.
ATTACHMENTS: None — Information to be provided at meeting.