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09/09/2003 - City Council Special~~c~ SPECIAL CITY COUNCIL MEETING TUESDAY, SEPTEMBER 9, 2003 5:30 P.M. EAGAN MUNICIPAL CENTER COMMUNITY ROOM I. Roll Call and Agenda Adoption II. Visitors to be Heard III. Consider City Code Amendment to Provide Valid Regulation for Vendor Boxes IV. Direction Regarding Donation of Historic Homes V. Consider Letter/Resolution of Support for Metro Greenways Application / Caponi Study Committee Update VI. Update and Discussion for Cedar Grove Redevelopment Area VII. Economic Development Authority VIII. Other Business • Consider Revised TIF Development Plan / U5 Home Corporation IX. Executive Session X. Adjournment I _ city of eagan MEMO TO: HONORABLE MAYOR & CITY COUNCILMEMBERS FROM: CITY ADMINISTRATOR HEDGES DATE: SEPTEMBER 5, 2003 SUBJECT: SPECIAL CITY COUNCIL MEETING /SEPTEMBER 9, 2003 CONSIDER CITY CODE AMENDMENT TO PROVIDE VALID REGULATION FOR VENDOR BOXES Per the request of the City Council, further research was conducted regarding the City's ability to restrict news racks, newsstands,, or vendor boxes, such as those used to provide Job Digs employment guides. Enclosed on pages ~ through ~ is a memo from the City Attorney, which provides regulations that the Ciry could impose. Also included with the memo is the City of Crystal's ordinance regulating news racks. ACTION TO BE CONSIDERED: To consider a City Code amendment to regulate news racks, newsstands, and vendor boxes. DIRECTION RE: DONATION OF HISTORIC HOUSES Per the Council's direction, staff has researched the costs to relocate the historic home currently located on the property owned by the Copeland's, as well as the home located on the former Sanford property, now being developed by Manley Development, Inc. As was noted in the August 8 and August 29 Additional Information Memos, the cost to move each home would be approximately $15,000 to $20,000. The excavation, construction of a new foundation, and utility hookup would cost an additional $40,000-$50,000 per house. Furthermore, if there is a desire to convert the homes to be public facilities, there would be significantly more costs to meet ADA approvals, add a sprinkler system, construct restrooms, etc. A question was recently raised about using the homes for storage purposes only, and if so, would there be a need to make the homes ADA compliant. In response, Dale Schoeppner, Chief Building Official, noted that if either of the houses were to be relocated, they would both be required to meet current City Code standards, which included making the houses ADA compliant. Regardless of how the homes would be used, the upgrades to current standards would be necessary, thus adding significant costs. The City Administrator recently spoke to Mr. Copeland regarding the timeline as to when the home would need to be removed. Mr. Copeland informed the City Administrator that the City would have approximately one year to relocate the house. Manley Development plans to begin construction this fall. Planner Dudziak spoke to a representative of Manley Development, who again reiterated that they would provide the house to the City at no cost provided the City pay all relocation costs. If the home is not relocated, Manley Development plans to demolish the house this fall. Enclosed on pages ~ through ~ are photos of the two homes. Per the request of Councilmember Carlson, also enclosed on page ~, is a map showing all City-owned parcels. A large map showing all available City lots will be presented on Tuesday night, as there are many small parcels that require significant enlargement to be viewed. ACTION TO BE CONSIDERED: To provide direction to staff regarding the purchase of the two historic houses. CONSIDER LETTER /RESOLUTION OF SUPPORT FOR METRO GREENWAYS APPLICATION / CAPONI STUDY COMMITTEE UPDATE The Caponi Study Committee, which includes Councilmembers Carlson and Maguire, has been in ongoing communication regarding the Caponi property. The Committee has requested time on the agenda to provide an update on their discussions and findings. Furthermore, the Committee has requested that the Council consider providing a letter or resolution of support to accom y the Metro Greenways grant application being submitted by Mr. Caponi. Enclosed on page is a draft resolution for the City Council's consideration. ACTION TO BE CONSIDERED: To receive an update from the Caponi Study Committee and to consider sending a letter or resolution of support to accompany Mr. Caponi's Metro Greenways grant application. UPDATE AND DISCUSSION FOR CEDAR GROVE REDEVELOPMENT AREA The City Council has requested an opportunity to review the current status of the Cedar Grove Redevelopment Area and discuss policy issues and program elements that pertain to the continued implementation of redevelopment activities in that part of the community. Project background, an outline of current activities and a discussion of specific policy issues to be addressed are presented in the attachments. ATTACHMENTS: • Discussion Outline on pages_~~4-- • Cedar/13 Redevelopment Study on pages~~3"T` • Cedar Grove Special Area Section of Comprehensive Guide Plan on pages ~~~ • Cedar Grove Zoning District Design Guidelines on pages S~D-7D • Maxfield Research Updated Market Study is attached without page number. • Cedar Grove Revised Plan Subdistrict M on page. • Status Update Matrix on pages ~~~ . • Orrin Thompson/US Home narrative regarding Nicols Ridge changes on pages ~~~ DIRECTION TO BE CONSIDERED: To provide policy and program direction regarding the vision, goals and next steps for the Cedar Grove Redevelopment Area. ECONOMIC DEVELOPMENT AUTHORITY In consideration of the discussion of the proposed changes for the Nicols Ridge Project, the Council scheduled a meeting of the Economic Development Authority for September 9, 2003. The Council should take action to recess the special workshop in order to hold a special meeting of the EDA. The actions to be considered by the EDA are outlined in the agenda and packet enclosed on pages ~ through ~a~ At the conclusion of the EDA discussion, the Council should reconvene the special workshop to address remaining business or discussion items. OTHER BUSINESS • Consider Revised TIF Development Plan/US Home Corporation If the EDA approves the Resolution Approving Amended and Restated Development Agreement Relating to Tax Increment Financing District No. 1 between the Eagan Economic Development Authority and U.S. Home Corporation, that action is in order for consideration by the City Council as well. ACTION TO BE CONSIDERED: To adopt a Resolution Approving The Amended and Restated Development Agreement Relating to Tax Increment Financing District No.l Between the Eagan Economic Development Authority and U.S. Home Corporation. EXECUTIVE SESSION There will be an executive session to discuss two items by the City Attorney which include: 1) the special Dodd Road assessment appeal, Dave & Heidi Kolhoff vs City of Eagan; and 2) direction regarding condemnation action pertaining to the JP47 Project. /s/ Thomas L. Hedges City Administrator J SEVERSON, SHELDON, DOUGHERTY & MOLENDA, P.A. TO: Mike Ridley, Senior Planner FROM: Michael G. Dougherty, City Attorney DATE: February 5, 2003 RE: JOB DIGS In response to a request by the City Council, our office has reviewed the City's ability to eliminate or otherwise restrict news racks, newsstands and newspaper vending boxes, such as that identified as JOB DIGS. As we had previously discussed, there are certain constitutional protections to the public distribution of newspapers and periodicals through the use of news racks, newsstands or vending boxes placed on public sidewalks and streets. A City may not completely ban the use of news racks or other newspaper vending devices on streets and sidewalks. However, news racks and newspaper vending machines are not outside of the scope of all City regulations. The City may impose reasonable "time, place and manner" regulations on news racks if the regulations aze clearly and narrowly drawn so as to avoid arbitrary and unnecessary infringement on the freedoms of speech and press. Time, place and manner restrictions aze reasonable and permissible only if they aze content neutral. Examples of regulations which have been upheld are: 1. Prohibiting the placement of news racks that would interfere or impede the flow of pedestrian for vehicular traffic; 2. Preventing installation, where news racks interfere with the cleaning of sidewalks by the use of mechanical sidewalk cleaning machinery; and 3. Restricting the size and shape of newspaper boxes, so long as the standard is clear and affords the City officials no discretion. I have enclosed for your review a copy of the City of Crystal's Ordinance regulating news racks. Our office has had an opportunity to review a number of similar ordinances in different cities and found the Crystal Ordinance to be the best example of a time, place and manner restrictions. If you have any questions regarding any of the content, please let us know. MGD:srk Attachment Crystal City Code 8 i 5.13, Subd. 7 (Rev. 1995) Subd. 7. Fee. There is no fee for a special pemtit issued under this subsection. Subd. 8. Special condition. The use, consumption, display and presence of liquor and beer in pazks and related park facilities is a matter of special concern to the city as such activity relates to the peace and good order of the city. For that reason the issuance of a special permit under this subsection is determined to be a matter within the sole discretion of the city council, and its determination to issue or not to issue a special permit is final. The council may impose additional conditions in the granting of a special permit. The application for the special permit must be accompanied by (i) a copy of this subsection, (ii) an acknowledgement by the applicant that the subsection has been read and is understood by the applicant, and (iii) that applicant agrees not to challenge or in any way contest the detemunation of the city council with regard to the issuance of the special permit. 815.15. In-line skates. It is unlawful to enter upon and move about on in-line skates (i) on tennis courts in a park, (ii) upon playground equipment in a park, or (ii) on the stage of the Becker Park Performing Arts Center. (Added, Ord. No. 95-5, Sec. 2) Section 820 - Newsracks 820.01. Subdivision 1. Definitions. For the purpose of this section the temps defined in this subsection have the meanings given them. Subd. 2. "Newsrack" means aself-service or coin-operated box, container, storage unit or other dispenser installed, used, or maintained for the display and sale of newspapers or other news periodicals. Subd. 3. "Parkway" means that area between the sidewalks and the curb of any street, and where there is no sidewalk that area between the edge of the roadway and property line adjacent thereto. Subd. 4. "Roadway" means that portion of a street improved, designed, or ordinarily used for vehicular travel. Subd_ 5. "Sidewalk" means any surface ordinarily used for pedestrian travel. Subd. 6. "Street" means that azea dedicated to public use for public street purposes and must include, but not be limited to, roadways, pazkways, alleys and sidewalks. 820.03. News racks; general rotes. Subdivision 1. Location in roadwavs. It is unlawful to install, use or maintain any newsrack which projects onto, into or over any part of the roadway. Subd. 2. Restrictions of pazkways and sidewalks. Newsrack that in whole or in part rests upon, in or over any sidewalk, parkway, or public right-of--way property must comply with the following standards: Crystal City Code 820.03, Subd. 2 a) a) The newsrack may not exceed five feet in height, 30 inches in width, or two feet in depth. b) Newsracks placed neaz the curb must be placed no less than two feet from the edge of the curb. Newsracks placed adjacent to the wall of a building must be placed parallel to such wall and not more than six inches from the wall. c) A newsrack may not be chained, bolted or otherwise attached to any city owned property. A newsrack may be bolted to parkways, provided that the owner of the newsrack must repair any damage done to pazkways when the newsrack is removed. d) Newsracks may be chained or otherwise attached to one another; however, no more than three newsracks may be joined together in this manner, and a space of no less than 18 inches must separate each group of three newsracks so attached. e) A newsrack, or group of attached newsracks allowed under paragraph d) hereof, may not weigh, in the aggregate, in excess of 350 pounds when empty. f) A newsrack may not be placed, installed, used or maintained: 1) within five feet of any marked crosswalk; 2) within 12 feet of the curb return of any unmarked crosswalk; 3) within 15 feet of any fire hydrant, fire call box, police call box or other emergency facility; 4) within ten feet of any driveway; 5) at any location whereby the clear space for the passageway of pedestrians is reduced to less than five feet unless such passageway is already restricted by a permanent fixture and the placement of the newsrack will not reduce the remaining passageway. , 6) at a location where the newsrack interferes with or hinders city removal of snow, ice, and debris from the roadway or sidewalk. g) A newsrack may not be used for advertising signs or publicity purposes other than that dealing with the display, sale or purchase of the newspaper or news periodical sold therein. h) A newsrack must be maintained in a clean and neat condition and in good repair at all times. Crystal City Code 820.05 820.05. Identification. A person who places or maintains a newsrack on the streets of the city must have the name, address and telephone number of the owner affixed thereto in a place where such information may be easily seen and must inform the city engineer in writing where it has located a newsrack within ten business days after placing the newsrack on a parkway or sidewalk. 820.07. Insurance. A person placing newsracks in the city must provide proof of liability insurance in the amounts of $100,000 for any single accident, and $10,000 for property damage in which the city must be named an additional insured. A certificate of insurance must be delivered to the city clerk prior to the placement of the newsrack on a sidewalk or parkway. 820.09. Hold harmless aereement. A person placing a newsrack in the city must furnish a statement to the city clerk agreeing to defend and hold the city of Crystal harmless from any and all liability, judgments, damages, or expense that may arise or grow out of the installation, maintenance, use, presence, or removal of newsracks. 820.11. Violations. Upon determination by the city manager that a newsrack has been installed, used or maintained in violation of the provisions of this section, the manager must issue a written order to correct the offending condition to the owner of the newsrack. The order must specifically describe the offending condition and suggest actions necessary to correct the condition. Failure by the owner to properly correct the offending condition within seven days (excluding Saturdays, Sundays and legal holidays) after the mailing date of the order will result in the newsrack being summarily removed and processed as unclaimed property under section 325. 820.13. Appeals. A person aggrieved by a fording, determination notice or action taken under the provisions of this section may appeal to the city council. The faking of an appeal to the city council will stay the removal of any newsrack until the city council makes its determination unless in the judgment of the city manager the newsrack presents a clear and present danger of imminent personal injury or property damage. Nothing contained in this section is to be interpreted to limit or impair the exercise by the city of its police power, in the event of an emergency, to remove a newsrack. 820.15. Abandonment. In the event a newsrack remains empty for a period of ten continuous days, the newsrack is deemed abandoned and may be treated in the manner as provided in subdivision 6 for newsracks found to be in violation of the provisions of this section. Crystal City Code Section 825 - Repair of sidewalks 825.01 825.01. Repair of sidewalks. Subdivision 1. Duty of owner. The owner of property within the city abutting a public sidewalk must keep the sidewalk in good repair. Repairs must be made in accordance with the standard specifications approved by the council and on file in the office of the city clerk. Subd. 2. Inspections; notice. The city engineer must make such inspections as are necessary :o determine that public sidewallcs within the city are kept in good repair. If the engineer finds that a sidewalk abutting on private property is unsafe and in need of repairs, the engineer will cause a notice to be served, by registered or certified mail or by personal service, upon the record owner of the property, or the occupant, if the owner does not reside within the city or cannot be found therein, ordering such owner to have the sidewalk repaired within 20 days, and stating that if the owner fails to do so, the city engineer will do so on behalf of the city, that the expense thereof must be paid by the owner, and that if unpaid it will be made a special assessment against the property affected. Subd. 3. Repair b~city. If the sidewalk is not repaired within 20 days after receipt of the notice, the city engineer must cause the sidewalk to be repaired in accordance with law. The city engineer must keep a record of the total cost of the repair attributable to each lot or pazcel of property and report such information to the city clerk. 825.03. Personal liability. The owner of property on which or adjacent to which a sidewalk repair has been performed under this section is personally liable for the cost of such repair. As soon as the repair has been completed and the cost determined, the city clerk, or other designated official, must prepare a bill and mail it to the owner and thereupon the amount will be due and payable at the office of the city clerk. 825.05. Assessment. On or before September 15 of each yeaz, the clerk must list the total unpaid charges for sidewalk repair against each separate lot or pazcel to which they aze attributable under this section. The council may then levy the unpaid chazges against the property as a special assessment under Minnesota Statutes, section 429.101 and other pertinent statutes, for certification to the county auditor, and collection along with current taxes the following year or in annual installments, not exceeding ten, as the council determines. . Section 830 -Tree removal and replacement standards 830.01. P ose. It is the intent of this section to protect, preserve and enhance the natural environment and beauty of the city by regulating the planting, maintenance and removal of trees in the city. It is the intent of this section to encourage the preservation of the existing trees in the city. The city desires to 8 Crystal City Code 830.03 protect the integrity of the environment and finds that trees do so by improving air quality, scenic beauty, protection against wind and water erosion and natural insulation for energy conservation. The city also fords that trees protect privacy and enhance properly values. 830.03. Tree advisory board. The pazk and recreation advisory commission is designated the tree advisory board. The board is responsible for recommending policies regarding tree replacement and maintenance as well as recommending and implementing provisions required by the Tree City USA Program. The board is advisory to the council. 830.05. Applicability. This section applies to (i) trees located within street right-of--ways, parks and public places of the city and (ii) trees located on private property as specified herein. 830.07. Licensing. It is unlawful to engage in the business of trimming or removing trees on the property of another without a license under section 1165. 830.09. Landsca~in~. In new subdivision developments or when the redevelopment of commercial or industrial property occurs, landscaping plans will be reviewed and approved by city staff with final approval by the city council. Landscaping must be done in accordance with the applicable provisions in appendix I, section 515 (the zoning code). 830.11. Tree maintenance and removal. Subdivision 1. Restrictions for tree removal. It is unlawful to remove a tree from public land without approval from the city manager. Subd. 2. Standazds for replacement. It is the intent of this section that significant, non-diseased trees removed from public property will be replaced on a "one for one" basis. For the purposes of this section, a significant tree is defined as either (i) a deciduous tree with the diameter of 12 inches where the diameter is measured at four and one-half feet above ground level or (ii) a coniferous tree with the diameter of eight inches where the diameter is measured at four and one-half feet above ground level. Replacement trees must have a diameter of five inches or greater. Replacement of trees may be completed by planting more than one tree, provided that replacement trees have a diameter of not less than three inches. Trees removed from public land which require replacement must be replaced in locations and variekies as specified by the city manager. Subd. 3. Exemption. Diseased and dead trees which are removed by the city are exempt from the provisions of this section. However, the city will endeavor to replace diseased trees in accordance with restrictions on locations in sections 515 and 800. 9 Crystal City Code 830.13 830.13. New development and redevelopment. Subdivision 1. General rules. It is the intent of this section that a person owning vacant land or creating new commercial, industrial or multi-family development or undertaking the redevelopment of commercial, industrial or multi-family property in the city is to replace significant, non-diseased trees as specified for public property in subsection 830.11. Any development or redevelopment must be completed in accordance with an approved site plan that requires the replacement of significant, non-diseased trees on a "one for one" basis. Subd. 2. Protection. The property owner or developer or both as the case may be must take necessary precautions to protect existing trees that aze not scheduled to be removed. Subd. 3. Performance Quaranty. The property owner or developer or both as the case may be must provide the city with a performance bond as specified in section 515 of the city code to guazantee the proper installation and vigorous growth of all trees and plant materials. Subd. 4. Maintenance. Trees planted in accordance with this section must be maintained in accordance with the approved plan by the property owner. Subd. 5. Exemptions. The provisions of this subsection do not apply to trees removed from existing lots of record in R-1 and R-2 residential use districts that are developed with single family or two family dwellings on the effective date of this section. 830.15. Enforcement. The city manager enforces this section and rules and regulations concerning the protection, removal, planting, and maintenance of trees upon the right-of--way of any street, alley, sidewalk or other public place in the city. 830.17. Penalties. Violation of this section is a misdemeanor. Each day that a violation is permitted to exist constitutes a separate offense. IV SanC~d H~aS~. ~~~~~ ~4 P G a 0 v d L a +C+~ .? A iJ V ~, t~ U n E ~ ~ .n ~ ~ a ~x a ~p ~ i ~y is~ CITY OF EAGAN Dakota County, Minnesota RESOLUTION NO. A RESOLUTION STATING THE CITY'S SUPPORT FOR THE METRO GREENWAYS GRANT APPLICATION TO PRESERVE THE CAPONI ART PARK WHEREAS, the Caponi Art Park is an extremely valuable asset to the Eagan community; and, WHEREAS, it is the desire of the Eagan City Council to see the Caponi Art Park preserved for future generations; and, WHEREAS, the Eagan Comprehensive Guide Plan denotes the Caponi acreage south of Diffley Road as quasi-public land, and denotes the Caponi acreage north of Diffley Road as Parks and Recreation Open Space; and, WHEREAS, the Caponi property is a vital portion of Eagan's core greenway; and, WHEREAS, the Eagan City Council listed the pursuit of future green space initiatives as a 2003 City Council goal; and, WHEREAS, the Eagan City Council has appointed a Council subcommittee to focus on the City's participation in preserving the Caponi property; and, WHEREAS, Mr. Anthony Caponi, in partnership with the Friends of the Mississippi River, is applying for grant funding through Metro Greenways; and, WHEREAS, the City of Eagan is providing technical support towards the Metro Greenways grant application being submitted jointly by Mr. Caponi and Friends of the Mississippi River; NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of Eagan, that the City of Eagan strongly supports the Metro Greenways grant application of Mr. Anthony Caponi in order to achieve the preservation of the Caponi Art Park. Adopted , 2003 Attest: Maria Karels, City Clerk Pat Geagan, Mayor H:\Caponi Property\09-04-03 Resolution, support of Metro Greenways application.doc ~~- DISCUSSION OUTLINE CEDAR GROVE REDEVELOPMENT AREA CITY OF EAGAN COMMUNITY ROOM SEPTEMBER 9, 2003 I. INTRODUCTION AND OVERVIEW The Cedar Grove Redevelopment Project is the culmination of discussions and planning activities that date back many years. While the Cedarvale area was once Eagan's primary retail-commercial center, its vitality diminished substantially, following construction of a freeway interchange that replaced the Cedar Avenue-Hwy 13 intersection and the development of a number of newer commercial areas in the City. A number of efforts were made by property owners to reinvest and promote the area, but it became evident over time that more significant changes were necessary to revitalize the area and to enhance its value to the property owners in and around the area and to the larger community. The purpose of the background and discussion outlined here is to overview the project to date, review new market study information, affirm the general goals for the area, address specific short term policy issues and clarify the strategy for the our future redevelopment work in the area. The timing of this discussion is advantageous, because Councilmembers and staff members have changed, since the initial planning stages for the project. While some participants in the discussion have the benefit of much of the background presented here, others have joined the leadership team since the planning and redevelopment activities were begun. By reviewing the information, it will provide a common basis for all members of the Council, staff and consultants to share the historical context and future expectations for the area together. A. Purpose of District • Cedar Grove Challenges -Over the past twenty years, changes in access, visibility and competition diminished the capacity of the Cedarvale area to maintain a successful mix of retail, service and office uses that could optimize the properties within the area. In previous discussions and studies of the area, the following challenges were identified: • Market conditions have changed significantly since commercial area initially developed • Changes in roadways negatively impacted retail area • Changes reduced re-investment in area • Need to revitalize area with market compatible uses to protect investment of current homeowners adjacent to site ~~ Cedar Grove Redevelopment Status Update Page 2 B. Concept Planning to Implement the Purpose -Cedar/13 Redevelopment Study and Revised Plan Project Vision and Goals - In response to the challenges, the City Council formed Cedar/13 Redevelopment Study Task Force, which coordinated a comprehensive study of the area, performed by SRF Consulting Group. While readers sometimes focus on the Village Plaza schematic plan that is a conceptual illustration of the study's conclusions, the value of the study is in its statement of a vision, recommendations and guidelines that were subsequently incorporated in the City's Comprehensive Guide Plan. The Study articulates the vision of the area as a "strong, vibrant gateway to the City of Eagan." The Comprehensive Plan expands on that statement by saying that the purpose of the study was "to create a viable, mixed-use area that would utilize the area's innate advantages (i.e. highway visibility and accessibility), while maintaining compatible land use relationships with surrounding uses." Studies such as that performed by the Cedar/13 Redevelopment Task Force are essential to a redevelopment effort, because they provide a framework and direction for the project to follow. Similar to a comprehensive guide plan, however, the value of such studies is in the goals, policies and principles they lay out to shape the redevelopment of the area. Because redevelopment projects are a blend of market forces and local priorities, it must be recognized that they represent guidelines rather than a site plan or blueprint for development. As a consequence the vision for the area is best defined by the policies rather than a visual image. The recommendations and redevelopment guidelines/special area policies are included in the Cedar/13 Redevelopment Study and the Comprehensive Guide Plan excerpt that are attached. In general, they may be summarized as follows: • Revitalize Cedar Grove Area as a Gateway/Landmark of the Community • Improve Traffic Access and Circulation To and Through the Area • Encourage a Mixture of Market-Supportable Land Uses Compatible with One Another and with the Surrounding Area • Incorporate New Urban Development Expectations by Incorporating a Pedestrian Focus, Transit Opportunities, Mixed Residential and Commercial Uses, Uniform and Cohesive Design Elements, Structured Parking and Public Green Space. • Protect Long Term Vitality of Residential Areas Adjacent to Commercial Area and Consider the Needs of Existing Businesses in Redevelopment or Relocation Efforts In recognition of the conceptual nature of the Cedar/13 Redevelopment Plan and the need to engage the private sector in its implementation, aRevised Plan was ~tV Cedar Grove Redevelopment Status Update Page 3 developed that divided the area into districts and subdistricts that represented particular geographic or functional areas, for which requests for proposal were distributed to potential developers and interested parties. Some of the proposals have been implemented, some depend upon improvements in the development economy and others were unable to define a feasible development program. A status update of the various subdistricts is attached. It is important to recognize that substantial progress has been made in a number of areas within the redevelopment framework. C. Project Accomplishments to Date Since the City made the decision to more actively pursue the redevelopment of the Cedar Grove Area, the following tasks or accomplishments have been initiated or completed: • Market Study Completed • Village Plaza and Revised Plan Developed • Area Designated as Cedar Grove Redevelopment District • RFP Distributed and Proposals Received and Selected • Comprehensive Guide Plan Amended to Incorporate Vision and Policies • CGD Zoning District Adopted • CGD Design Guidelines and Streetscape Standards Adopted • Environmental Review (AUAR) Completed • Traffic Budget Prepared to Guide Development Densities • Cedar Grove Tax Increment District Created • Roadway and Streetscape Improvements Initiated • Land Acquisition Initiated • Council-EDC-APC Brainstorming Session • Keystone Communities Project Approved • Nicols Ridge Project Approved • United Properties Marketing Corporate Office Site • Updated Market Study Completed There is much left to be done and redevelopment projects of any scale take time to come to fruition. In the Cedar Grove case, this is magnified by the unique character of the various redevelopment subdistricts, which necessitate partnering with a number of different developers with unique specialties. It is also important to remember that the project has been affected to some degree by the development market. This has been a disadvantage to this point, but it has also permitted the City to install the road improvements and have the traffic, environmental and regulatory issues addressed and in place in anticipation of the market upswing. !? Cedar Grove Redevelopment Status Update Page 4 In order to build on the progress to this point and define the next steps for the project, it is important to update the community's understanding of and expectations about the development market. II. UPDATED MARKET STUDY - MAXFIELD RESEARCH Earlier this year, the City Council authorized an update of the market study for the area to determine whether assumptions upon which the original planning and the subsequent RFP's were based remain valid. Mary Bujold of Maxfield Research Incorporated has completed the report and a copy is attached for your review. Ms. Bujold will be present at the Workshop to overview her findings and address questions in its regard. III. RELATIONSHIP OF MARKET EXPECTATIONS TO VILLAGE PLAZA/REVISED CONCEPT PLAN Ms. Bujold and Jim Prosser, of Ehlers and Associates, will also discuss the market study's implications for the redevelopment programs contemplated in the various subdistricts of the Cedar Grove district. IV. UPDATED PROJECT STATUS -REDEVELOPMENT DISTRICTS The attached area map and project update matrix illustrate the current status of development and redevelopment activity in the Redevelopment Area. In general terms, the districts, development programs and developer/property owners are listed below: A. North District -Office and Office Showroom -United Properties and Ryan Companies B. West District -Mixed Use HoteUTransit/Housing -Shelter Corp and MVTA C. Central District -Program to be Determined -Schafer Richardson, TOLD and Private Owners D. South District -Multifamily Housing - Delta/U5 Homes E. Gateway District -Retail and Senior Housing - Amcon and Keystone F. East District -Program to be Determined -Private Owners V. POLICY ISSUES The first purpose of the discussion is to reacquaint participants with the background associated with the Redevelopment District. The second purpose is to invite Council discussion of the following policy issues and to provide direction for the continued activities within the area. Some of the policy issues require actions at this time, while staff is recommending that other issues be overviewed and referred to an appropriate committee to provide specific recommendations for future consideration by the City Council. l~ Cedar Grove Redevelopment Status Update Page 5 A. Review and Affirm Project Vision and Goals - As noted at the beginning of this outline, one of the purposes of this meeting and discussion is to determine whether the City shares and remains committed to the previously stated vision and goals for the area. As the study and review process evolved, it defined a program that is intended to be both a means of responding to the challenges in the area (declining investment, traffic congestion, etc.) and an end (a viable, sustainable aspect of the community). DIRECTION TO BE CONSIDERED: To affirm the vision and goals outlined above or to provide direction regarding modifications to redefine the program from this point forward. B. Assignment and Amendment of Development Agreements - Delta/US Homes - Delta Development previously received approval for the development of the Nicols Ridge Project in the South District of the Cedar Grove area. This approval included not only land use and subdivision approvals, but also agreements with respect to the collection of assessments, the acquisition of property, the City assumption of certain costs and other aspects of the assembly and redevelopment of the site. Earlier this year, Delta sold its interest in the project to Orrin Thompson Homes. Since that time, Delta has requested and the City Council has authorized the assignment of the project from Delta to Orrin Thompson. At this time, Orrin Thompson is requesting modifications of certain aspects of the agreements with the City. The purpose of the information below is to provide the City Council with a comparison between the Delta Development approved and the US Home proposed Nicols Ridge. A copy of the Orrin Thompson narrative in this regard is attached. The Nicols Ridge development proposal by US Home/Orrin Thompson mirrors the Delta Development plan approved by the City Council in May of 2002 from the standpoint of general layout (i.e. building location) and unit count (230). Distinctions between the two include: Phasing Both proposals contain three phases of platting and development, however, the US Home plan has a minor difference by providing more units in Phase II and less in Phase III. The unit count in Phase I is the same for both plans. Performance Deadlines The TIF Development Agreement also lays out a series of performance deadlines for the completion of the various phases. US Home proposes to extend each of those for /9 Cedar Grove Redevelopment Status Update Page 6 one year beyond the timeline proposed in the Delta Agreement. This may or may not be an issue depending upon the negotiation of acquisition language and performance guarantees acceptable to US Homes and the City. Architecture The City Council has consistently stated the importance of delivering a product, through redevelopment, that is special and unique. This has been illustrated in goal statements and by the adoption of design standards. Further, during the review of Delta Development's Nicols Ridge proposal, the importance of the architectural statement of the end product was stressed. The Council was clear that it is critical to raise the bar and set the proper tone for subsequent development within the redevelopment area. Therefore, staff wants the Council to be aware of architectural changes proposed on the town home portion of the Nicols Ridge site. The architecture of the condo buildings, with underground parking, remains the same, but the US Home row townhome buildings visually differ from Delta's from an architectural standpoint. Delta's townhomes provided architectural interest with varying rooflines and by providing each unit with atrellis-covered deck projecting out from the front wall of the unit. The benefit of this deck design is twofold; it adds visual interest by giving significance to the deck feature and, equally as important, it dramatically reduces the visual prominence of each unit's two-stall garage. US Home has proposed "Row Home Buildings" that also include varied roof lines and a deck feature that projects out from the front wall of the units with decks. The units without decks appear to have the garage portion of the unit recessed slightly which will help de-emphasize the garage doors but certainly not to the degree afforded to the units with decks. The significance of these differences and whether the proposed product conform to the City's desired standard for the area is a matter of Council consideration. DIRECTION TO BE CONSIDERED: Prior to consideration of adoption of the Amended and Restated TIF Development Agreement, it would be important for the Council to acknowledge and comment on the changes proposed for the Nicols Ridge development. Specifically, a finding should be made that the revised architectural design does or does not conform to the Council's expectations for the appearance and character of this district of the Cedar Grove Redevelopment Area and that the modifications of the phasing and performance guidelines are or are not acceptable. a~ Cedar Grove Redevelopment Status Update Page 7 C. Potential Property Acquisitions -The City has been approached by a number of property owners or prospective developers of subdistricts asking City consideration of acquisition of additional properties. In some cases, this has been in contemplation of a specific redevelopment project. In others, it has been from property owners who have determined to relocate from the area, who are aware of the City's redevelopment activities. In particular, the City has been approached by owners of Jim Cooper's Goodyear and the Eagan Pet Clinic, among others. In addition, the Nicols Ridge Project contemplates the acquisition of additional properties in the South District. To date, the City's decisions regarding acquisitions have been on a case by case basis and they should continue to be, but it would be beneficial to review and clarify the criteria on which those decisions should be made so that we are better able to give reasonable expectations to willing sellers. DIRECTION TO BE CONSIDERED: Staff recommends that this issue be referred to an appropriate sub-group of the City Council for discussion and recommendation to the full Council in the near future. D. Potential Property Improvements -Staff has been approached by two property owners, the Mediterranean Cruise and Minsk Market (former Pizza Hut and ProWire building), with plans to remodel existing buildings within the district. While the City wants private sector interest and reinvestment in the future of the district, a stated goal has been to not encourage piece-meal, lot by lot redevelopment. The City has chosen not to implement a moratorium in the district and, as a consequence, it is necessary to respond to these requests on their merits at the present time. DIRECTION TO BE CONSIDERED: Staff recommends that this issue and, perhaps, the assessment policy clarification noted below be referred an appropriate sub-group of the City Council also for discussion and recommendation to the full Council in the near future. E. Next Steps -The following are proposed as the next steps the Council, staff and consultants would undertake to implement additional phases of the Cedar Grove Redevelopment Project. As with the vision and goals, we would ask the Council affirm the next steps outlined below or to provide direction regarding modifications to redefine the program from this point forward. While the descriptions are purposely brief in the interests of time, staff can expand upon any of the items in the course of the discussion, if it will be helpful in making decisions. If direction is given, each step will be further developed with additional information or direction requested of the City Council at future meetings. a~ Cedar Grove Redevelopment Status Update Page 8 • Apply Updated Market Information and Joint Meeting Brainstorming Results to Fine-Tune Expectations for Remaining Redevelopment Districts and Subdistricts • Discuss Specific Expectations with Owners of Cedarvale Mall • Discuss Specific Expectation and Continue to Support MVTA in TEA-21 Grant Process • Continue to Address Site Issues in All Subdistricts • Identify Target Redevelopment Sites • Update Communications with Public and Stakeholders about Project Status • Prepare RFP for Target Sites Reflecting Updated Market Data • Market Target Sites to Developers • Review Land Acquisition Policy • Review Project Finance Issues • Review Property Assessment Policy and Definition of Redevelopment as Standard for Assessment • Other Issues Defined by the City Council DIRECTION TO BE CONSIDERED: To provide direction to proceed with implementation of the next steps as presented or modified. VI. FUTURE DISCUSSION TOPICS A. Northeast East Eagan Update B. General Economic Development Goals C. Cedar Grove Progress Update VII. SUMMARY AND COUNCIL DIRECTION By the conclusion of the meeting, we hope that the City Council, staff and consultants will share a clarified understanding of the background, current status and direction for the Cedar Grove Redevelopment Area and the ability to describe it in fifty words or less. _ ~ . - s u - ~~~r 1S"- ~.. .. ~.., . .~w5, .qs _ mil' ~ q !" ~ ~'rj~~ c . z t - ; ~ 1 .~..~ :.# ~"'' Y-. ~ ~ ~ll a c ~ > .. ~.;'. ~. k ~~'. 4F F. y'~ _'~ 5.v i Yw d rte a - ~1 - ' H1 't .. t , TT ~1 ~. 1 V~~~ ' .Y 1' ~ FF 'Len ~.., ~ 3 ~ s ~.. 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Ti O. ¢, ~ U ~ O ,~ y y 0 y M ~ ~ N c`d oN °' `~ O y ~ >, ~ ~ a ~ ~ °~y~ ~ y ~ y ~ 'k ~ Cd '~ O ~ ~ U ~ N ~° ~ ~ ~ ~ ('~ ~~ '"' O ,~ U C ~ U rn U ^ O ~ ~ I"ul _ ca .U~ cd ~n ~ bA a~ ~~~ G~ bA c~ r--~ F' l~ ~^A' ~l ' `' TT~~ . j ° ~~-77 ~~-r ~-! f ~~77 ee~~ w Y ~ _ ~ ) ~''a'~" 1J ~ f Lbw ~ eY A ..-. - i' ~S` ~i. ~ ~S' ~ `\ id ` 4~' _ - c ~. z; e ~ ~~ `: _ ~ ~ ~ i~ o ~ v'. ~~ `M"'r f~ - ~,~-./ ~ ~~~ ~~ ~ %'~ w u S WO ~ U U w ~w ui z of LL c u o ~- - 4 i~ c. S N ~~ N ~+ ~~ N ~a ~~ 4 ,~ , W V N ~ d ~~ V a U a M i a d 0 N N Cd ~1 rrTT~ ~I C~ N G~ r1 a bA ~~ r~l w O .~ i+ o ~ ~ ~ cba C a ~ .b^^ Ctl O td C > o '~ ' -d U ,~ y r.+ .y ~ ~3 3: a~ ~ ~ ~, o o ~ b _c 'b~ ~.~ ~ '~ w '"' 3 ~ a`~i cUa ~ ,o ~ ~ ~ ~ ~ ~ aa~~ °~° U O U +'~.+ ~ V p ~ 'C7 ~ ~ w N b ~ c~i 3 a w --~ m id o ~ y [ ~ w ~ W ~ ~ a '~ ~ y C ar~~" _G ~ [~ ~ ~ ~ 3 a~i _ p U E... ~ N y ~ m N ~ ~ m~ ui O 0 0 x I v ~~ s w° z° ui z j w N ~n z ~ ~~ w F ~~--77 ~tfi W U.~ 3 ~ = u '" w •~~ m m t U -, ~ " J ~ t w O . "' a jw 4 J ~~ j.~ ~~ E u O W ' K U ` ~ ~ U ~" f i v g N o ., ~ z d u LL N -~. ~v_,~ ~~~ ~~ J N Y `mod iF~ ~~ =„~ _ .. / ^ b dJ S ~/~ o ;y N a QI ~ ~M ~~ 'a ~ a V V ~, U w w ~ _ ~ ~ a + ~ CNC y • U ~ ~ ~ 0 i °' 0 ~ > • ~ ' ~ o :x ~ ~. o ~ ~ ~ ~ a; ~ o c v ~ ~ y ~..~ ~'" a' ~ ~ • ~ ~ o ~ p ~ ~ G3. U o O , n ' "Cy ~O b o o ~ a~ ~, '~ ~ o coa NG C ~ a~ ~+ c~ ~ ~a • .~ p '~ ~ ~ -• ~ o v ° ~ ~ .~ ~ ~ ~ ~ ~ ~ a - 3 ~ ~ U ~ , v a d b ~., ~' ~ a~ i cOO i ~ a ~ ~ 0 ~' co U w A ~ ~ ;d ~ ro ~i ~~ ~ ~ w .p "~ + 6. U U •'~. •. . ~ C~" ' ...~ cad ~ ~ 6 " i c~ O ~ / ~ Q ~F+ // ,. W ~ ~ H RS D\ .~. ~ O ~ ~ N N ~O m Q O r. ~ ~ '~ ~ o ~ ~ a V y ~ r-. ~ ~ ~ ~ °' ~ w a~i ~ b U p ~ ~ C o ~ ~ ~ ;~ en U ~ c~. ~ ,ty o °~ ~ +3 ~ ' ~ o > ~ a~ ~ . ~ ~ o A a ,.~ . ~ o on ~ ~ o ~ ~ ° ~ ~ ~ a' ~ ,,V., ~a . . ° > . ~. > o c ~ o ~' ~ o °~ o ~ U d ¢ ¢.., w . 8 0 0 o a~ ~ ~ U ~ a+ ~ ~ ~ ~ ~ ~ , ~ • N y Li ~ a i . ~ ~ ~ ~ . 0 ~ C ~+, w o ~ cC o ..~ C ~ O y y w ~ ~ p 0 ce O 0 ' ' ~ +-. ., i rl G ~ i~ v ~ 'in b b ~ Q. t:, c~ N o 4: '~' u ~ ~ ~~ ~ ~ d ~ ~ t,~~ i ^ /~~ A ~ i A //ate~ -~~ 11 /~i A ~ OU /i~ *~ 1 4~ ' t/1 //a~~~ F V . . U H a -1 -i -f ,~ .~ v ~, ¢ ~ D a ~ ~.~ ~ ~= U ~•.a 3 C' ++ ti :'j i.~ ;~ d ~" "o "~ r ^n ~ O ~a ~~ a a M a a U w a c R J O CC w. ~. W a, O y m A C ~J C 'C cz:, a ~° ~ a~ ~ d ~' ~ ~ > ~ ' .bU o~ i ~ ~ ~ Y ~ o. o o '3 ~ >, ~ ~ ~ ~' a~i • y a, ~ v, o ~ p„ ~c~' "tj O ~ O ~ i; ~ T v `d .~ O y ° ~ a ~ a ~ ~ ~ p ~ ° ' ~ n .~ ~ C b ~ ~ ~° ~ ~ ~+ ~ ^ . ai U ~1 ~ e ~ i N a ' ~ ; ~ ~ ~" ~'. G~d+ Tr ~ ~ 'Cy O L i ~ y Nrr~ ,~ C~ i i y ~ N .. i y ~ ~ O cC c0 Fr" b Q U O ~ O ~" bA O O ~" O ~ O~ U ~ ~ . ~ Q ~ h O y ~ ~ ~ ~ ~,y' Q ~ ~ ~i O ~~y ~ ~y'~ O .~ °' ~ rn a+ a~ c ~ ei fd N ~ fn ~ O ca ~ ~ O a~ •y 3 ~ _ ° '~ o ~ ~ ~ ~ ~ a on a~ ~ ~ an ~ O ~ ~ a~ ~ a~ ~' ' ~, ~ 4, ~ ~ a ~ o ao ~ ~ ~ i 3 ~ ~ ~ .~ -d ~ ~ ~ ~ ~. CC ~ O ~~ r~.+ 'O N ~ ~ O '~ 'd fr ~ H Cd a `n A O Vi v~ ~ U 'a" N ~ N N N w rs: w 'b Q ~ ~ RS ~+ ~ ~ ~ ~ ~"' 'd `~ L O ,~ O U ~ ~., U N ~ ~ ~ ~ ' ~ ~ ~ o a a i Q''.' OJ ~+ 4"' ~ ~" O . ~ ~.. 1~i U ., O ~ ~ Ir ~ 0 ~ y ~ ~ ~ 1 ' ~ ~ V C~ ~ ~ lei ~ ~ ~ ~ H ~ ~ • ~ ~a+ ~ o ti ~ ~ ~ caw o, ~~r b ~>, ~; ow v ~ 4:,-['~ ~ ~ 3 ~ ~ o ~ ~ ~ ~ ao a ° ,~ ~ ~ ~ ' ~' 6, a ~ ,~ t ~ o ~ ~ ~ o p ~ ^d '~' `-~ cd ~ ~ + • a~ ~ O b ~ ~ O ~+ p O O +. L y ~ y y> ~ o ~ ~ ~ ~ o 3 on ~ ~~ ' ' ~ U .~ ~ o ~ ,~ o ~ . ~ ~.. ~ c O ~ ~ .~ ... O ctl .~ ~ . .b , H bq U ~ ~ ~ .n bD > ~ ~ ~ .O ~ ~~.. 'd b iG ~ .D ai b ~ b > a~ '~, ~ O ~ ~ > p a~ 3 ~ a~ ~ ~ 3 ~ • • • • ~' Xi ~ N `n ~ N S'. > ~, .~ Q o U ~ ~ ~ w ~ ~ H ~ ~ ~ ~ ~ O , ~ ~ ° ~3 p a. y o N a e;, ~ -~ a J M CL `' ~a V rn ua ~, V v '~ [ O ~ O ~' '~ ~ U y0 •~ ~ U q i O ~ o ~ 'Ly ~ R" ~ ~' ~ Vj ~ ~ ~ ~ ~ C~~j ~ ~ ~ ~ ~ ~ d ~ a ~ ~ ~ ~ ~ y h U ~ ~ ~ bA ~ ~ '~ b ~ h w a ,_..~ a.aac~a Udv~ ~~ v ~ `~ ~~v `yap ~ 3 o ~ ~~~~ ~ x ~~ ~ ~ .~t° H U UUUV V Hti~ w° o a, U° Y R7 ~\ ~ ~ ~ ~ti O ~~ ~ ~ y y ~ ~ ~ `I ~ ~ O ~ ca ~ ° o'er ~ ~ c0 ~.. G O y A A Q Q~~ O Ci V~ U G" ~ y ~" ~" •• .., m m Q U v y ~I ~ ~ Q •~ N .~ O ~ U t"bAi ~~ O C ~ p O O r a~ 'C ~ i~ a+ O O ~+ .., ~ ~ O .~ ~~~ ~U aw..~-1~oC~, orb ~w~~ ~~ °' ~ U ~ aaN~~aF°x~a~~Q~r~~°~Hv~av~a~ 0 N ,,, 3 Ny ~~ ti .~i a C? ..1 0 v "}~ H a ~; a M a J V CITY OF EAGAN COMPREHENSIVE GUIDE PLAN CEDAR GROVE REDEVELOPMENT AREA (AREA 5) Background: Special Area 5 encompasses the four quadrants of the Highway 77/ Highway 13 interchange. See Area Map, exhibit 3.7.S.a. During the original Comprehensive planning process, the four quadrants were placed in a Special Area primarily in response to the undetermined scope of the Cedaz Grove Redevelopment Area. Since that time, the boundary of the redevelopment azea has been refined and it excludes the land lying west of the Cedar Freeway (Hwy 77). The Cedaz Grove Redevelopment District is a sub area of Special Area 5 and it includes the Cedarvale Mall and the area surrounding it from Highway 77 (Cedar Avenue) to Silver Bell Road both north and south of Highway 13. The Redevelopment Area will be discussed in detail later in this report. The Special Area originally encompassed 500 acres of land and includes a wide variety of uses including undeveloped, residential (both single family and multiple), commercial, office/warehouse and institutional. See Current Zoning Map, exhibit 3.7.S.b. At the time the Comprehensive Guide Plan was updated, many inconsistencies existed between zoning and Guide Plan designation and a number of uses existed as legal non- conformities. The Cedarvale Area was once considered Eagan's downtown business district centered on the Cedarvale Mall which was constructed in 1965. Since then however, the commercial viability of the area has declined due lazgely to access restrictions and other commercial competition such as Cliff Lake Center, Eagan Promenade and Town Center. Recognizing the need for some type of public investment in the area, the Eagan City Council initiated the Cedarvale Area Redevelopment Study in 1998. The purpose of the study was to create a viable, mixed use area that would utilize the area's innate advantages (i.e. highway visibility and accessibility) while maintaining compatible land use relationships with surrounding uses. In October 2001, the City Council formally created the Cedar Grove Redevelopment Tax Increment Financing District. General Area Description: Land Use As previously mentioned, this area contains a variety of uses including residential, commercial, officelwarehouse and institutional. For descriptive purposes, the study area has been divided into four quadrants as described below: Northeast Quadrant: Although the Redevelopment Area is bisected by Highway 13, the City has a strong desire to create and/or maintain physical and visual "connections" between the northeast and southeast quadrants. } The northeast quadrant contains a variety of uses that include approximately 20 single family residential homes and over 350 total apartment units in three buildings located north of Silver Bell Road and east of Nicols Road. The original scope of the Redevelopment Area incorporated the single family uses in this quadrant due to either inconsistencies between zoning and Guide Plan designations or legally existing nonconforming uses, i.e., single family home on property guided and/or zoned Industrial. At the request of these residents, the City Council removed the single family residential properties located on Silver Bell and Wuthering Heights Roads. To achieve the required consistency, the City Council directed a LD -Low Density Residential Guide Plan designation for these affected properties. Other development within the northeast quadrant includes a 103,000 square foot office/showroom building, a private school, and a truck service and tire company. In addition to privately owned properties in the quadrant, a significant amount of land is held by the public. Public entities controlling property include: City of Eagan, US Fish and Wildlife Service, and Metropolitan Council (Environmental Services). Also, properties in the northerly portion of this quadrant are inundated with environmentally sensitive systems. These include lands classified as Calcareous Fen, wet meadow, and Harnack and Kennealy Creeks (urban trout streams). This area was the subject of a study entitled Nicols Fen, Kennealy and Harnack Creeks Project (funded by MN DNR Metro Greenways Planning Grant, Lower Minnesota River Watershed District and City of Eagan) completed July 31, 2002. Prior to the completion of this study, the City was generally awaze of environmental issues in this area but had little empirical data to rely upon and, as such, the scope of environmental impact lacked specificity. The environmental classifications, and associated urban trout stream buffer areas (required by the DNR) per the Eagan City Code, will result in restrictions of varying degrees to development on private and public lands displaying said chazacteristics. To wit, several pazcels with existing homes aze (legally existing) non-conforming due to encroachment of structures in the 300' creek buffer. These homes will be allowed to remain indefinitely; however, expansion of these structures would not be allowed. The table below lists all private property affected by the 300' creek buffer: Property Owner Name Property Tax ID Property Address Arends 10-01800-091-79 2133 Silver Bell Rd Bernstein 10-01900-020-25 3815 Nicols Rd Fournier 10-01800-010-79 2141 Silver Bell Rd Groven Trst 10-01800-021-79 2135 Silver Bell Rd 10-01800-022-79 Hazel 10-01800-100-79 2129 Silver Bell Rd Kampa 10-01800-010-57 Naegele 10-01800-011-56 10-01800-012-52 10-01800-013-50 Peterson 10-01800-080-79 2139 Silver Bell Rd 10-01800-070-79 Pederson 10-01800-011-59 10-01800-020-55 Ramnarine 10-01800-020-60 3785 Nicols Rd 10-01900-010-25 10-71400-010-01 10-71400-020-01 Sommers 10-01800-010-78 2135 Wuthering Heights Rd Because this area serves as a gateway to the Cedar Grove area, the Land Use designation and Zoning should be P -Park for land held in public ownership in this quadrant and privately held property in this quadrant, that is currently zoned Industrial, should have a less intense Land Use designation and Zoning; BP - Business Park is suggested. Northwest Quadrant: Virtually all property in this quadrant is owned by the Minnesota Department of Transportation, appazently acquired for right-of--way purposes associated with Highways 77 and 13. Portions of the azea are within Eagan's Floodplain Overlay District. Additionally, the bulk of the area is occupied by wetland complexes. The Land Use designation and Zoning should be P -Park for land held in public ownership in this quadrant. There is one small piece of privately held of property in this quadrant (Outlot A, Four Paws Addition). The adjacent property to the west (in Burnsville) is designated as Office -Business. Staff understands that a developer has an application pending to re-guide and rezone that property to allow for a single family residential development (Rivers Edge). Outlot A, Four Paws is shown to be utilized for ponding purposes to serve the proposed development. Staff has informed the City of Burnsville and the developer that Outlot A, Four Paws Addition, should be re-platted and included in the Rivers Edge plat. As such, it makes sense that it should be guided and zoned to accommodate this change. However, if the single family residential development does not come to fruition, the appropriate Guide Plan designation would be O/S -Office/Service `r-1 -> and the zoning would be BP -Business Park. Therefore, the maps attached as exhibits show this parcel with dual Guide Plan (O/S & LD) and Zoning designations (BP/R-1). Staff anticipates the amendment and rezoning for Rivers Edge will be complete at or neaz the time the Eagan City Council adopts the Special Area 5 amendment. Southeast Ouadrant: Specific uses within this quadrant include vacant, single family residential, multiple-family residential, and commercial. The quadrant also includes the Cedarvale Mall which represents the most dominant use within the study area. The 131,000 square foot mall was constructed in 1965 in the southwest corner of TH 13 and Cedar Avenue. Presently, the mall has a high occupancy rate. Through changes in the mazketplace, site access and an aged facility, the Cedarvale Mall has significantly reduced its retail viability. As a result, the mall has evolved into a retail center characterized by "destination-type" uses (i.e. Grand Slam, Bally Total Fitness, etc). Primary market competition includes newer retail center focal points within the community (Eagan Promenade, Cliff Lake Center and Town Center) and Mall of America. Other large developments in the quadrant include the 40,000 squaze foot "Silver Bell Center" strip retail, "Cedarvale Highlands" retail-service on the first floor and apartments above, and Cedarvale Bowling Lanes. Southwest Quadrant: This quadrant of the Special Area was originally considered for redevelopment by the Cedarvale Task Force. However, due to development restrictions and lack of convenient access, the area was removed from consideration. The area of this quadrant within Special Area 5 is zoned Industrial and contains a mix of uses that aze consistent with the Industrial Zoning District, i.e., mini-storage, an HVAC business, a canine kennel, etc. There is also approximately five acres of "undeveloped" land that is held by two natural gas companies; further development of this property is impeded by utility easements that crisscross these two parcels. Due to topography and natural vegetation, this area is rather secluded It appears that the Guide Plan and Zoning designations should remain Industrial for the northerly two parcels (kennel and mini-storage) and BP -Business Park for the remaining parcels due to their proximity to the Eagan Heights townhome development to the south. Land Use Conclusions: Based on basic land planning principles coupled with the conclusions of the market study for the Redevelopment Area, and City Council discussion/direction has resulted in varied land use designations proposals within the study area. See Land Use Map, exhibit 3.7.S.c. In azeas where no significant land use or zoning changes are proposed, properties should be removed from the Special Area. The Land Use designations for the NW and SW quadrants should be removed from the Special Area designation and given designations that accommodate current land use and acknowledge the public ownership in part of the '~ NW quadrant. Additionally, property within the NE quadrant located outside of the Redevelopment Area should be removed from the Special Area designation and given designations that accommodate current land use and acknowledge public ownership. For the most part, uses within the northeast quadrant have been designated to reflect their present use. In a change from its prior Industrial Guide Plan designation, the Wuthering Heights single family residential neighborhood area is proposed to be designated LD, Low Density Residential. There aze also environmental realities that exist in this quadrant and they are noted earlier in this report. In addition, this quadrant should reflect the City's desire to promote office use in the area lying west of Tesseract School to Cedar Avenue. Zoning Conclusions: Those parcels within the Special Area having residential and agricultural zoning designations will retain such zoning and other commerciaVindustrial zoned parcels located outside of the Redevelopment Area will be zoned to be consistent with the Land Use designation. The zoning for parcels located within the Redevelopment Area need to reflect the City's vision for redevelopment. As such, the City Council directed the creation of a new Zoning District - Cedaz Grove District (CGD) -that will incorporate design and bulk standazds established to ensure that mixed use development in the area is consistent with the City's vision. Memorializing the design and bulk standards will serve to alert developers and property owners to the City's expectations regazding the appearance of the ultimate development and redevelopment within this area. See Ultimate Zoning Map, exhibit 3.7.5.d. Cedar Grove Redeveloament Area Market Study In an effort to understand if the Cedarvale Mall and surrounding area could expect to regain its status as a viable retail center, or if there are other alternative uses which could be better served by the market, a competitive centers analysis was conducted by Towle Real Estate. The study examined competitive retail centers and the retail market in a seven mile radius from the study azea. The study concluded that existing retail space in the study area suffers from poor access, low rents and aging buildings. The analysis of the study demonstrated that even if these conditions were corrected, large scale retail development in the area would be ill-advised. A survey of real estate professionals was also conducted in regard to the viability of other uses within the study azea. All persons interviewed felt that a market would exist for attached housing within the Study Area. These opinions were based on a strong residential land market, as well as convenient access to employment, retail, and the natural amenities of the river valley. ~1 ~~ Hotels were also cited by development specialists as a strong potential in a future development cycle. Transportation The redevelopment azea lies within the northeast and southeast quadrants of the Highway 77/Highway 13 interchange. While such highways aze considered major traffic carriers, access and circulation in the azea is difficult. The relocation of Highway 13 (in addition to eliminating direct access to the Cedarvale Mall) resulted in an inefficient roadway system along Cedarvale Boulevard, where the old frontage roads to the trunk highways still remain. Such transportation conditions have resulted in an inefficient pattern of land use reflecting the old roadway patterns. The construction of the Highway 77 interchange shifted access from the Cedarvale Mall azea to Silver Bell Road, a considerable distance from the Cedarvale Mall. In addition, the confined spacing of the Silver Bell Road- Cedarvale Boulevard and Silver Bell Road-Beau D' Rue Drive intersections created difficult and inefficient traffic circulation. In 2001, the City approved a public improvement project that would re-align the Silver Bell -Beau D' Rue - Cedarvale Boulevard -Highway 13 intersection. Right-of--way acquisition began in 2001 and the majority physical improvements occurred in 2002 and are scheduled for completion in 2003. Airport Implications In addition to the high volumes of traffic upon Highways 77 and 13, the study area will soon be subjected to increased levels of airport noise and fly over traffic with the new north/south runway scheduled to become operational in 2004. Preliminary noise contours associated with the new north/south runway show only areas in the NW and SW quadrants, and a small portion of the NE quadrant of the Special Area lies within the 60 DNL contour. These areas aze either held in public ownership or will be designated for non-residential uses. The remainder of the azea, including existing and proposed residential areas, lie outside the preliminary 60 DNL noise contour and should not be subjected to levels of noise that aze eligible for mitigation. The area does however, lie within aone-mile buffer (of the 60 DNL contour) and airport noise will be considered as part of development review. Updates to the noise contours associated with the new north/south runway aze expected sometime in the Spring of 2003 and should refine the noise impacts within the subject area. sa Cedar Grove Redevelopment Study Conclusions: Several conclusions were drawn in the Cedar Grove Redevelopment Study as listed below: Architectural Standards -The City needs to establish architectural standards and guidelines in design to ensure that the redevelopment concept is implemented. These standards and guidelines should be codified to include residential, commercial, green space and landscaping designs. In December 2002, the City Council adopted an ordinance creating the Cedar Grove (Zoning) District. Communications -The City should immediately implement a proactive communications strategy in the Highway 77/Highway 13 area and the entire City to educate the public on the redevelopment process. The City has been providing on-going information to the public. LRT/Transit - It is vital to the success of the redevelopment concept that planning for light rail transit or other modes of mass transit be located within the identified redevelopment area in the southeast quadrant of the Highway 77/Highway 13 interchange. This option has been preserved. Parking Structures -Parking structures must be of a compatible scale and architectural character to adjacent and nearby buildings. Large, uninterrupted surface parking lots should be minimized to the greatest extent possible. This is addressed in Cedar Grove District. Relocation -Efforts should be made to keep businesses desiring to remain in the area part of the redevelopment. Displaced residents/businessesrnust be given fair mazket value and relocation assistance in accordance with law and industry best practices. This is being practiced. Traffic and Access -Road and other improvements must be preceded by detailed traffic analysis to assure that adequate infrastructure is in place to handle the impact of full development. An Alternative Urban Area-wide Review (AUAR) was initiated in 2001 and adopted in 2002. General Special Area Policies: 1. The Highway 77/Highway 13 area will serve as a landmark entering Eagan and south of the Minnesota River. 2. The redevelopment area will contain a vital mix of uses supported fully by the market and responding to evolving community needs. 3. The Silver Bell Road azea entry should be more useful, visible and accessible. ~~ 4. Auto circulation through the azea should provide clear and efficient access to development sites. 5. Buildings should be attractive from Highway 77/Highway 13, as well as their primary access. 6. Development should provide an identifiable "signature" for the area, either through a signature building, an element of the public realm or through cohesive design of individual buildings. 7. Consistent azchitectural standards for medium to high density residential uses should be present. 8. Landscaping, green space and connections to adjacent pazk azeas are important. 9. Transit should be incorporated into azea redevelopment plans. 10. Pedestrian and bicycle movement should be integrated throughout the azea. 11. Adequate pazking should be integrated within the site and lazge, expansive parking lots should be avoided. 12. Buffering and screening of unattractive uses should be provided. 13. The City's goal is to maintain the integrity of environmentally sensitive azeas; particularly in the northerly portion of the northeast quadrant. 14. The City will support the existing residential uses. 15. The City will not support piecemeal, lot-by-lot, redevelopment. 16. The City will strive to ensure new Business Pazk development does not negatively impact existing residential properties through the development review process, including enforcement of specific zoning standazds and performance guidelines. 17. Many properties presently holding I-1, Limited Industrial zoning designations will be rezoned to BP, Business Park or P, Park. 18. In recognition of the study area's location, the City will take full advantage of opportunities to present an attractive City image (via development quality, erection of City identification signage etc.). 19. Uniform design elements, providing identity and cohesiveness, will be adopted for the study area. 20. To the extent possible, new development shall respond and strive to retain the natural features of the area including wetlands and mature vegetation. 21. 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A ~~c~ ~4~ V A W ~i W U V 0 a W 0 U ~~ ^O„ ~. ~ ~, O y ~ cOCj w cd ~ ~ N y y bA ~ ~ G"' ~ ~ ~ vi O .-. 0 ~ U i o 0 0 ~ o `' ~ ~ '~' ~~' ~ ~ ~ ~ cn ~ ., 3 ~ a i o ~rs.~o.~ y °'.~ 3v~~ 'c ~ °'.03~ ~ ~0 '°3 ti 0 ~ ~ ~ ~ ~ ~ > -o ° 0 ~ o ~ A ~ . a. ~ ai . c ~ 3 N ~~~~ -d ~~ ~ ~ c~ Q.. ~ ~'U ~ ~, „ ~ cN .~ o ~ s. U ~' "" Y ^ "' ~ y ~ ~ ~ 4~ U ~ 7 R ~ ~ ~ . bOA.a: y N ~ bD'b 'O ' ,~ p, ~ ~ ~ ~ cc~dd N ~ ~ ~ ~ , P. ~ x '~ A ~ o a~ 3 G o v e. w ~ a~ ~ on R: ~ Q ~ W O Z ~ ~ W °? .~ w "~ `~ 0 ~ o ~ au b ~ o ~ a ~ a i , o o ~ a i o ~ 'b ~ o b x . ~ ~ ~ o c..~ ~ a 3 '~ ,~ v a~ 3 a i ~ ^ ~. O ~" ~ ~ ~ ' ~ ~ • ' ~ ~ ~ .7 ~-' c~ '~ . ~ G . ' O t-. h •N G S`r^ yA ~ ~ ~ ''.3 .~ ~ L'~i fC ~ ( ~ fy Q, ' V1 y . ~ dJ N 1~ : O , ~ OA ~ ~ . y O ~ O i O (d > r"I ~ O L ~ O ~ ~ N it "~' f+ > '~ ~y YI N `/ 3r ~ ~ ~ ~ ~ w o ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ a~ o ~ Q °r U ~o ~ o ~ V ~ ~ ~ ~ ~ " o as °J `~ a ¢ ~ ~' ~ U U2v~~-• ~~ Uv~v~c5 C7Wv~r, UAv~N 3Av~N WA v~r, .~. o L ~ 3 `n o '~ ~ c ~ ° o , ~ ° n. i o ° o ~ ~ i h c° '~ ,^ ° ' ~ ~ ' a~ ~ ~ ~ a~ o o , ~ ~ ..~ O O ^~ ~ O N ..-~ •--~ «i ~ c ~ ~ A ' ~ ~ ~ ~ W a~ ~ w w z z z i.. ~ p ~ y 1 ~ ~ ~" O O ~ ~ U _ d CS ~ ~ _ 07 CS _ d CS ~ ~, ~ ' ~ ~ ~ ° A ?, o ~ ~ O d ~ o~ qu ~ ' ~, x a ~, ,~ ~, ~ Uv U 'C ~ ~, ~ U~ ~ o UW xU~VA a C ~ v~ U O a W Q )- V 73 H •~ > o ~ p ~ ~ z ~ ~ ., ~ ~ ~~ , ~3 a~ .~ o .+ ~ o a~ ~ a~ w ~ ~ o ,o .~ ~, V ~ o ..~ ~ o ~~ o o ~ a O a~ ~ a i ~ pp N ~ ~ ~ a .~ ~ ~ ~ o ~ y ~ ~, ~° - b o ~ ~ 0 0 °..' ci. ~ 3'N o ~ o a ° ~ ~ °~~ x ~, ~o a ao ~ ~ ~ ~~ ~ a~. `~ ~, ~ ~ '° a ~° ~ ~ °' a o ~ o ; ~ ~ ~' , ~ a~ ~ U c~ ~ 3~~3 ~,~~ R, ~ ~ y on ~ o ~' a. ~ b F" :~ " ~ O O U U c~ .~ LL +~- L. w a~ b Y a~ ~ 3Q ~~ ~ ~~ ~.~ N ~ ~o >a k A ~ .~ ~ y ~ o• A ~ ~ ~ d W z ~ o U ~ ~ A y V W a w O V ~4 Q ¢nn~r CORPORATION To: Bill Pritchard From: Dennis R. Kliner Subject: Nicols Ridge Date: August 26, 2003 i .J Bill, attached is information for you to submit to Mr. Mike Ridley, Senior Planner for the City of Eagan. Enclosed you will find our narrative to Mr. Ridley and a package of approved and proposed renderings. If you have any questions or comments please see me. Thank you. 7~ Q ¢nn~r CORPORATION ~'' : ~ -` ~;: 2'aU~ To: Mr. Michael J. Ridley- Senior Planner- City of Eagan From: Dennis R. Kliner- Regional Vice President- Orrin Thompson Homes Subject: Nicols Ridge Date: August 27, 2003 Dear Mr. Ridley: Bill Pritchard and I thank you very much for another opportunity to present our memo and colored renderings to you in anticipation of an approval of our plans for Nicols Ridge. This memo will describe some of the small changes from the approved plans to the proposed plans. You requested this material from our last meeting on August 20, 2003. We understand that you need this information from us prior to your presentation to the Economic Development Authority of the City of Eagan. This memo will outline in narrative form the differences from the approved plans of Mr. Parranto of Delta Homes to our proposed plans from Orrin Thompson Homes. Allow us to address the condominium homes first. As indicated in my memo dated August 11, 2003, we will make no changes to the exterior elevations of the condominium homes. We believe the approved and current facade and elevations will be an attractive exterior streetscape to Nicols Ridge. We do however propose to substitute the stucco finish on the exterior for a James Hardie (Hardiplank) 50-year warranty siding. This type of siding is considered far superior to any type of exterior finish on any home for long lasting durability. As indicated in my previous memo, we have a higher level of confidence in a lap fiber cement type siding than a stucco application. There have been too many negative press reports on water intrusion issues on a stucco application. Our customers desire to feel confident in their investment with a quality exterior finish material. The footprint of the building will stay exactly the same as what was previously approved. Our anticipated pricing will be in the mid $200's and up with over 1,750 square feet of living space. 7ID ~t ¢nn~r CORPORATION The second series of new homes will consist of our Village Townhomes. These homes have been created to compliment the area of Nicols Ridge condominiums and yet present another series of homes that is consistent with the cities desire to maintain the area as a unique urban community. We will list in this portion of the memo the advantageous changes from the Delta Homes plans that the council approved to our proposed plans which hopefully will bethought to be as desirable if not more desirable. For your review in this package please review the renderings which will show the approved and proposed plans for our Village homes and also the condominium series of new homes. There is one obvious similarity on the row homes in that the approved and proposed plans demonstrate. That is, the decks on the fronts of the homes create a shadow effect taking away the emphasis on the garage doors. We felt that was an important design element that we wanted to capture on our proposed homes. We are also intending on having full lookout windows in the lower levels of the homes. The footprint of the building will be slightly larger. This will allow us to have a more desirable lower level living space and offer athree-bedroom home with over 2,000 square feet in the upper $200,000 range. The Village homes will consist of four attached homes. Each being uniquely created to provide a mixture of exterior elevations and facades. Each separate building will have a different mix of home arrangements for each building so as to not appear common. The Orrin Thompson Homes Village homes will create a unique streetscape the City of Eagan desires by providing a row townhome building where each residence has its own distinctive look. This mixing of units will have an advantage that will allow this collection of homes the ability to interrupt the repetitious appearance that can be common in other communities. These row homes certainly bring back the nostalgic architecture that was used during the settlement of the land that John Nicols owned, relating to the arts and crafts movement of the early 1900's. Thus creating a true form of this early period architecture. ~~ ¢nnc~r CORPORATION Our intention is again to use a fiber cement type exterior finish that will be consistent with the condo buildings and provide the best value and durability to your residents in the Nicols Ridge community. In regards to both collections of homes, it is our intention to provide a vast array of features and upgrades as standard features on both series of new homes. The abundance of these standard features will enhance the value and desirability of our customers that choose to build their next new home at Nicols Ridge in Eagan. We respectfully request your approval. Cc: Bill Pritchazd 7~ The Nicols Ridge project, ~' as originally proposed by Delta Development, consisted of three phases (three final plats) with a nux of Row Home and ~, Condominiums being platted each year. U. S. Home Corporation is also proposing a three phase project, the difference between the two proposals is the distribution of homes that will be platted each year. The attached is a written and graphic '~ proposal that delineates the changes that U.S. Home Corporation is proposing. rT NICOLS RIDGE -Revised Phasing Proposal LJ ro ~ -~ DELTA DEVELOPMENT Orange Phase One 4 Condo Bldgs 56 Units 8 Row Home Bldgs 32 Units Green Phase Two 3 Condo Bldgs 42 Units 4 Row Home Bldgs 16 Units Red Phase Three 4 Condo Bldgs 56 Units 7 Row Home Bldgs 28 Units 230 U.S. HOME CORPORATION Orange Phase One 4 Condo Bldgs 56 Units 8 Row Home Bldgs 32 Units Green Phase Two 3 Condo Bldgs 42 Units 6 Row Home Bldgs 24 Units Red Phase Three 4 Condo Bldgs 56 Units 5 Row Home Bldgs 20 Units 230 RRO ~6 ~~ ., IAS .R.• n• G~ ~ 1 •, . ~'~ -[AY - ~- C-~ :~~_ . ; r .~~~, 1 ~_ `.~ ~ /~ .. ~ ". . Y~'.~. f ~~ ~`~.~~ W ~ ~ ~: « ~ ~~ ~ '-= ^ * LL A= o ~. ~- w w 4. Q -: - .~ ~~ w k ~~ *.:~~ ~: ', ;r ~,,. ~* . ~~: l) ~.~ z C3 w 0 w O z z O 0 w O o~ a y .. .~ ~r ~. r - ~ ~ J t .~~ ~'' ~ ~ ,- E ,mss - _ ~>, i) , i _ ,~ _ 4 1 ; 1 ,~['~~ t•~j r 4iiE~ltv~i1lijl ~ !Qa ~ "t ~ w Li t. 'S :u~ ~ ~ # {, ~ ~ ~ ry c :~ ;~ I - ~::~ ~ t ~a t.. .: ggqi. r~ (~. ^I,. j;~t ~ t ~ I ., .....j ~ j 7V1~ '';/ !! 11t 1r~ .33tti ~ ~i :f ..ltd ~~))t_ .tr ~ ~ i 1. 1 , 1 ~ ` 3 t ' ~ t,..441 form ~ • ~ ~ c ~' ~ ` ~ _ _ Ei ~' ~ km t44 Jl Cis;, y,,,_p: I. ~.... _ i~ . ~ M1 ~ T 'Es k i E y ~ ~ .- _ S -~ --~ u ~.?. P' a ~ ...~. r - ~ i ,~ _-..~ t~ 3 - s.. ~ ~3~- ~X _F.;~~:'le ~'.1 11 Il - _ 1~ ;1 :' i ~~. ._ -, _ }'i ~ ~ ~ ~- x 1 _ °aJ r <". ' ..~.s-~~a~ ... . .ter ~.~. ~l~ ~ ~ i ~'• . Sf AGENDA CITY OF EAGAN SPECIAL MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY EAGAN MUNICIPAL CENTER SEPTEMBER 9, 2003 I. CALL TO ORDER II. ADOPT AGENDA III. APPROVE MINUTES ~lp IV. NEW BUSINESS A. Resolution Approving Amended and Restated Development Agreement Relating to Tax Increment Financing District No.1 Between the Eagan Economic Development Authority and U.S. Home Corporation V. ADJOURNMENT $a Agenda Information Memo September 9, 2003 Eagan Economic Development Authority Meeting III. APPROVE MINUTES ACTION TO BE CONSIDERED: To adopt a resolution approving the minutes of the September 2, 2003 regular EDA meeting as presented or modified. ATTACHMENTS: Enclosed on page _ is a copy of the minutes of the September 2, 2003 regular EDA meeting. Enclosed on page ~y~ is a copy of the resolution approving the minutes of the September 2, 2003 regular EDA meeting. g3 MINUTES OF A MEETING OF THE EAGAN ECONOMIC DEVELOPMENT AUTHORITY Eagan, Minnesota September 2, 2003 A meeting of the Eagan Economic Development Authority was held on Tuesday, September 2, 2003 at 8:40 p.m. at the Eagan Municipal Center. Present were President Geagan and Commissioners Carlson, Fields, and Maguire. Also present were Executive Director Tom Hedges, Senior Planner Mike Ridley, Director of Public Works Tom Colbert, City Attorney Mike Dougherty, Administrative Secretary /Deputy Clerk McGarvey. ADOPT AGENDA Commissioner Maguire moved, Commissioner Fields seconded a motion to approve the agenda as presented. Aye: 5 Nay: 0 APPROVE MINUTES Commissioner Fields moved, Commissioner Tilley seconded a motion to adopt a resolution approving the minutes of the August 19, 2003 regular EDA meeting as presented. SCHEDULE SPECIAL MEETING Commissioner Fields moved, Commissioner Tilley seconded a motion to schedule Special Economic Development Authority meetings for September 9, 2003 and September 16, 2003. Aye: 5 Nay:O ADJOURNMENT The meeting adjourned at 8:42 p.m. Date Executive Director If you need these minutes in an alternative form such as large print, Braille, audio tape, etc, please contact the City of Eagan, 3830 Pilot Knob Road, Eagan, MN 55122, (612) 681-4600 (TDD phone: (612) 454-8535. The City of Eagan is committed to the policy that all persons have equal access to its programs, services, activities, facilities and employment without regard to race, color, creed, religion, national origin, sex, disability, age, sexual orientation, marital status or status with regard to public assistance. EAGAN ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION APPROVING THE MINUTES OF THE MARCH 18, 2003 SPECIAL MEETING BE IT RESOLVED by the Board of Commissioners of the Eagan Economic Development Authority to approve the minutes of the September 2, 2003 regular meeting of the Eagan Economic Development Authority. Motion by: Second by: Those in Favor: Those Against: CERTIFICATION I, Gene VanOverbeke, Secretary/Deputy Executive Director of the Economic Development Authority of the City of Eagan, Dakota County, Minnesota, do hereby certify that the foregoing resolution was duly passed and adopted by the Authority in a special meeting thereof assembled this 9`h day of September, 2003. Gene VanOverbeke, Secretary/Deputy Executive Director Agenda Information Memo September 9, 2003 Eagan Economic Development Authority Meeting IV. NEW BUSINESS A. RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT AGREEMENT RELATING TO TAX INCREMENT FINANCING DISTRICT N0.1 BETWEEN THE EAGAN ECONOMIC DEVELOPMENT AUTHORITY AND U.S. HOME CORPORATION ACTION TO BE CONSIDERED: To adopt a Resolution Approving The Amended and Restated Development Agreement Relating to Tax Increment Financing District No.1 Between the Eagan Economic Development Authority and U.S. Home Corporation. FACTS: • At the Request of Delta Development, Inc. the EDA has adopted a resolution approving the assignment of the Development Agreement with Delta Development, Inc. ("Delta") relating to Tax Increment Financing District No. 1 in Cedar Grove Redevelopment Project to U.S. Home Corporation, which operates locally as Orrin Thompson Homes. • U.S. Home assumed Delta's obligations under the Development Agreement and the action released Delta from its obligations. • In addition to the assignment of the development rights and obligations, U.S. Home Corporation is requesting changes to the Development Agreement that are outlined in the Special City Council packet for September 9, 2003. • In addition to the assignment and amendment of agreements, a number of development steps remain prior to construction of the project including satisfaction of Dakota County requirements for remediation of remaining environmental issues and application for and completion of Final Subdivision and Final Planned Development approvals. These can be processed concurrent with the other agreements, but are not complete at this time. ISSUES: • The draft agreement includes language intended to insure that all of the City's costs of acquisition of property within the proposed development area will be passed on to the developer. On August 28, U.S. Home indicated that it has concerns that the language is overly broad. Staff requested that the company submit its specific concern and proposed remedy in writing to permit it to be reviewed. On September 3, Mark Parranto contacted staff with the same concern. The staff request for a written proposal was reiterated and confirmed by email. At the time of packet preparation, the U.S. Home proposal had not been received. As a consequence, the enclosed draft of the agreement is submitted as it was most recently revised by the City's Bond Counsel, Steve Rosholt. One reason that the draft language is not more specific at this time is because the amended and revised development agreement contemplates a subsequent agreement regarding the acquisition of additional properties and cost and performance guarantees on the part of the developer. It is not in the City's best interest to narrow its authority to cover costs until these issues are addressed. Therefore, it may be more appropriate to receive Council direction regarding the architecture, phasing and performance deadlines and to direct continued negotiation of these points with the developer before final action on the amended and revised agreement. ATTACHMENTS: • Enclosed on pages through is a copy of the marked up amended and restated development agreement as prepared by the City's Bond Counsel. • Enclosed on page is a copy of a resolution approving the amended and restated development agreement. • The City Council is also required to take action on this item after the EDA has acted. ~7 EAGAN ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT AGREEMENT RELATING TO TAX INCREMENT FINANCING DISTRICT N0.1 BETWEEN THE EAGAN ECONOMIC DEVELOPMENT AUTHORITY AND U.S. HOME CORPORATION BE IT RESOLVED by the Board of Commissioners of the Eagan Economic Development Authority to adopt a Resolution Approving The Amended and Restated Development Agreement Relating to Tax Increment Financing District No.1 Between the Eagan Economic Development Authority and U.S. Home Corporation. Motion by: Second by: Those in Favor: Those Against: CERTIFICATION I, Gene VanOverbeke, SecretarylDeputy Executive Director of the Economic Development Authority of the City of Eagan, Dakota County, Minnesota, do hereby certify that the foregoing resolution was duly passed and adopted by the Authority in a special meeting thereof assembled this 9th day of September, 2003. Gene VanOverbeke, Secretary/Deputy Executive Director ----- - DRAFT: 4% G/0 ~ _ . _. { deleted: ~ i _ . ..~_: {Deleted: 27 ~{ Deleted: 02 :4MENDED AND RESTATED DEVELOPMENT AGREEMENT Dated~Septemb~r ,r00. Relating to TAX INCREMENT FINANCING DISTRICT NO. I Between EAGAN ECONOMIC DEVELOPMENT AUTHORITY CITY OF EAGAN and U.S. HOhtF. CORPORATLON This Instrument Drafted by: Faegre & Benson LLP 2200 Wells Fargo Center 90 South Seventh Street Minneapolis, Minnesota 55402-3901 Telephone: (612) 766-7000 { Deleted: { peleted:2oo2 1 Deleted: DELTA DEVELAPMENT, arc. DEVELOPMENT AGREEMENT THIS AGREEMENT, made and entered into as of this day of~Setotember, _ ___-. ~00~_, by and between the EAGAN ECONOMIC DEVELOPMENT AUTHORITY, a Minnesota municipal corporation (the "EDA"), the CITY OF EAGAN, a Minnesota municipal corporation (the "City"), and U S. H0~ti1F CORPORATION, a . elaware .. _ - corporation (the "Developer"): WITNESSETH: WHEREAS, the EDA has created and established a Tax Increment Financing District referred to as Tax Increment Financing District No. 1 (the "TIF District") in connection with the Cedar Grove Redevelopment Project Area (the "Redevelopment Project Area") pursuant to the authority granted by Minnesota Statutes, Sections 469.090 to 469.1081 and 469.001 to 469.047 and Sections 469.174 through 469.179 (collectively, the "Acts"); and WHEREAS, pursuant to the Acts, the EDA has adopted and the City has approved a Redevelopment Plan (the "Redevelopment Plan") and a tax increment financing plan (the "TIF Plan") to finance a portion of the public redevelopment costs of the Redevelopment Project Area; and WHEREAS, in order to achieve the objectives of the Redevelopment Plan and the TIF Plan, the EDA has determined to provide substantial aid and assistance through the financing of land acquisition and certain public improvement costs in the Redevelopment Project Area; and WHEREAS, the Developer has proposed a phased housing development ("Phase I", "Phase II" and "Phase III") within the Redevelopment Project Area and the TIF District which the EDA has determined will promote and carry out the Redevelopment Plan and TIF Plan; and _ WIIF..RF...:~S, the ED='i and the City entered into a Development Agreement dated December 2, 2002 ("the `'Original Development Agrccmenf') with Delta Development, Lnc. (the `'Original Developer"1 relatinc to a h.ousin+tiproiect in the Redevelopment Project Area; and WHEREAS, the Original Developer has assigned the Original Development Agreement to the Develonel :and NOW, THEREFORE, in consideration of the mutual covenants and obligations of the EDA, the City and the Developer, the parties hereby represent, covenant and agree that the Original Development A~~reement shall. be and herebk~ is amended and restated as follows: { Deleted: ) ,. { Deleted: zooz, { Deleted: DELTADEVELAPMENT, INC Deleted: Minnesou I ARTICLE I. DEFINITIONS. EXHIBITS. RULES OF INTERPRETATION Section 1.1 Definitions. In this Agreement, the following terms have the following respective meanings unless the context hereof clearly requires otherwise: (a) Acquisition and Relocation Costs. The costs of the City, the EDA and Developer of acquiring the Property, demolition of existing structures and any relocation costs associated with the Development. (b) Certificate of Completion. The certificate of substantial completion set forth in Exhibit B hereto. (c) Cam. The City of Eagan, Minnesota. (d) Citv Assessments. The amounts which the City would have assessed against the Property as set forth in Exhibit,. _,.- {Deleted: P (e) Ci Fees. The development fees which the City is entitled to receive for park and trail dedication, water quality and trunk assessment with respect to the Improvements as _ - - ----- -- set forth in Exhibit. - I Deleted: P (f) Commencement Date. The~iate on whlch the Developer commences -.. - {oersted: earh«uf _ COriSlTUCtIOn Of ~ Phase. _ _ - - -- - Deleted: Phase or ent«s into definitive financing agreements for a Phase, (g) Condemnation Expenses- The incidental costs of acquiring Property to be provided that the Develops shall have furnished satisfactory evidence to the condemned pursuant to Section 3.6, including court costs, attorneys fees, filing fees, expert EDA that the Developahas contributed equity in an amouut at least equal to the witness fees and relocation costs, but excluding the purchase price, title insurance, soil testing subsidy to be provided for that and environmental assessments. (h) Developer. ,L;.S. 1-lome Corporation, a __elaware corporation, its succes_sor_s _- ._- {Deleted Delta Development, Inc and assigns. {Deleted: Minnesota 1 (i) Development. The Property and the Improvements to be constructed thereon by the Developer as Phase I, Phase II and Phase III according to the Housing Plans approved by the EDA and the City. (j) EDA. The Economic Development Authority of the City of Eagan, Minnesota. (k) EDA. Letter of Credit. I'he EDA Letter of Creditor EI3A Letters oiCredit described in Section 3-4 hereof. 12 L~ jl 1 Housing Plans. Collectively, the plans, drawings and related documents - I_ Deleted: (k) referred to in Exhibit C which establish certain design and construction standards for the Improvements. Improvements. Each and all of the improvements to be constructed on the - ~ Deleted: I _ _ __~ (1??). _ _ Property by the Developer, which are expected to include approximately 230 units, including townhome~ row homes and condominium units, to be completed m three phases as specified , . • ~ ~~eted and wage J in the Housing Plans identified in Exhibit C hereto, but excluding any and all personal property. . ......._. _. _. _ _.._._ .......__. _ .. - ( ) Letter ofcred~l 'Ihe ..__ ._.. .._. ..... __ _........ ..................__ ~Lettttto~fCreditdescribedinSectmn3.9. (n) Mortgal;e and Holder. The term "mortgage" shall include the mortgages referenced in Article IV of this Agreement and any other instrument creating an encumbrance or lien upon the Development or any part thereof as security for a loan. The term "holder" in reference to a mortgage includes any insurer or guarantor (other than the Developer) of any obligation or condition secured by such mortgage or deed of trust. .. .... - .. , eted:. (o) .Partial Relesse. 'ILe Del Parbal Release m the forth of i rt bal e execut upon u sta ~ .Phase I. The portion of the Development expected to be constructed on the _... .._ ...... .............. .. ......._. .__......__. ........ ..__...... .._ .. _.. _.. .._........ _.......___. .._..__.. Completio ~~~ n f a Unit or Units. _ o .. ....T,.m. Phase I Property. {Deleted: (p) (p) ___ Phase I Provertv. That portion of the_land described in Exhibit A and as - f Deleted: v subsequently identified by the Developer as the Phase I Property. (~) Phase II. The portion of the Development expected to be constructed on the . _ ~ I oeletea: r Phase II Property. (z) Phase II Property. That portion of the land described in Exhibit A hereto and. _ -... - (~~: s as subsequently identified by the Developer as the Phase II Property. (~) Phase III. The portion of the Development expected to be constructed on the .... { Deleted: t _ _ _ _ Phase III Property. (,~) Phase III Property. that portion of the land described in Exhibit A hereto and - -- - i_Delt~ted n as subsequently identified by the Developer as the Phase III Property. ~ Property Letter of Credit. The. ProLrty Letter of Credit described in Section {Deleted plus anyunrnmbursed .~ ~ I Condemnaton Exprnses for that Phase x .~~ Deleted: uncompleted ' Deleted: (v) Phase Liquidated Damages. For Phase I, $609,511 ess_ jthe number of ______ ___; . ;• ,~Substanti tll~ Complete Phase I Umts,e ~`?;G 926 • for Phase II $380 015 ess the number of "{ ~l~` $$ ....... _..._ . Deleted: plus any unreimbursed Condemnation Exprnxs for that Phase z 13 ubstanhafly Complete Phase II Units~~~758]; and for Phase III, $507,286 ess [the number,:. - ~ i Deletes: uncompleted of~stantiallXC on~llzte Phase III Units*~ Sfi (i 7~),_ __ ____ _ ___ _ ____ _ _ __ _ De~~ed: - - - .....P~~~-~:.-,,~-,.,.....m-.~-,~ ^, ~ Deleted: 58 (w) Pro e .The real property which is a part of the TIF District and which is Deleted plus any nnrermbnrsed legally described in Exhibit A attached hereto to include the Phase I Property, the Phase II i , condemnation Expenses fnr that Pnase x Property and the Phase III Property. `'~. ~ Deleted: uncompleted Deleted: - _--- (xl Pronertv Letter of Credit. The Prooertv Letter of Credit described in Section Deleted: sa 39 hereof ,[~ Public Development Costs The costs of road and other public improvements - - tDe!eted (xj _ for Silver Bell and Cedar Grove Parkway known as Project 800R and Project 759R allocable to the Property. (,~)__ __4ualifyin _ Costs. _ Those Acquisition_and Relocation_Costs_and Public _ _ , ._- Deleted: y Development Costs which satisfy the requirements of Minnesota Statutes, Section 469.176, Subd. 4(j). (da) Redevel_pment Plan. The Redevelopment. Plan for the Cedar Grove , .. - {Deleted: Redevelopment Project Area, as amended from time to time. - Deleted:. (aaj .Subordinate -~~--~--~--~-~--~---~-~~------~~~ ~MoAeaet.7LeSubordinateMortgagein the form of Exhi it D hereto [o be I (bb) Substantial Completion or Substantially Complete. Completion of executed upon the Commencement Date I construction of a Unit or Units, except for interior finish. _ofeacn Pnase.__ ___ J (cc) Tax Increment Financing District (TIF District). Tax Increment Financing District No. 1 created by the EDA pursuant to Minnesota Statutes Sections 469.174 through 469.179 and described in the TIF Plan adopted therefor. (dd) Tax Increment Financing Plan (TIF P]an). The plan for development of the TIF District adopted by the EDA pursuant to Minnesota Statutes Sections 469.174 through 469.179 and approved by a resolution of the City Council adopted October 2, 2001. (ee) Unit. A townhome,, row home_or condominium constructed on the Property_in _- ..- -~Deletea: or>7nage _ accordance with the Housing Plan Documents. (ff) Other Terms. Terms defined in other sections of this agreement have the meanings given them. Section 1.2 Exhibits. The following Exhibits are attached to and by reference made a part of this Agreement: A. Legal Description of Property 14 {~ B. Certificate of Completion. C. Housing Plan Documents. ~. City Fees and City Assessments. Section 1.3 Rules of Interpretation. (a) This Agreement shall be interpreted in accordance with and governed by the laws of the state of Minnesota. (b) The words "herein" and "hereof "and words of similar import, without reference to any particular section or subdivision refer to this Agreement as a whole rather than any particular section or subdivision hereof. (c) References herein to any particular section or subdivision hereof are to the section or subdivision of this Agreement as originally executed. (d) Any titles of the several parts, articles and sections of this Agreement are inserted for convenience and reference only and shall be disregarded in construing or interpreting any of its provisions. ARTICLE II. REPRESENTATIONS AND COVENANTS Section 2.1 By the Developer. The Developer makes the following representations and covenants: (a) The Developer has the legal authority and power to enter into this Agreement. . - i Deleted: . D. Subordinate Mortgage. .. _ - ~ ~ Deleted: . E.. Partial Releau. Deleted: F. ...._... ___.......__..._ ............... _._...__.... ___.__...._-l (b) The Developer has the necessary~'inancia] resources_for acquisition of the _ _ _ _ ,. ~ {Deleted: tommihnents rnrNe Property and construction of the Improvements for Phase I and, if marketing goals and certain other conditions are met for prior Phases, acquisition of the Phase II Property and Phase III Property and construction of the Improvements for Phase II and Phase III. (c) The Developer will, to the extent required by this Agreement, demolish the buildings and other improvements on the Property and will construct the Improvements in accordance with the terms of this Agreement, the TIF Plan and all local, state and federal laws and regulations, and will construct or pay the costs of construction of any site improvements, utilities, parking facilities, or landscaping improvements which are necessary in connection with the construction and operation of the Improvements. IS qy- (d) The Development is comprised of uses permitted under the ordinances of the City and is in conformity with the TIF Plan and the Redevelopment Plan. (e) At such time or times as may be required by law, the Developer will have complied with all local, state and federal environmental laws and regulations, will have obtained any and all necessary environmental reviews, licenses or clearances under, and will be in compliance with the requirements of the National Environmental Policy Act of 1969, the Minnesota Environmental Policy Act, and other applicable environmental laws. (f) The Developer will obtain, in a timely manner, all required permits, licenses and approvals, and will meet, in a timely manner, all requirements of all local, state and federal laws and regulations which must be obtained or met before the Improvements may be constructed. (g) The estimated Qualifying Costs relating to the Development are at least $1,800,000. Section 2.2 By the EDA. The EDA makes the following representations as the basis for the undertaking on its part herein contained: (a) The EDA is authorized bylaw to enter into this Agreement and to carry out its obligations hereunder. (b) The Property is zoned for purposes which include the Development as proposed. (c) The EDA has duly established the Redevelopment Plan pursuant to Minnesota Statutes Sections 469.001 through 469.047 and has created TIF District No. 1 pursuant to Minnesota Statutes Sections 469.174 through 469.179. (d) The EDA's primary objective is to redevelop the Property and provide housing and not to create employment opportunities. Section 2.3 By the City. The City makes the following representations: (a) The City Fees and City Assessments applicable to the Property and Improvements for each Phase do not and will not exceed the amounts specified in Exhibit,. _ ..- - {Deleted: F (b) The City is authorized by law to enter into this agreement and to carry out its obligations hereunder. 16 45 ARTICLE III. CONSTRUCTION OF IMPROVEMENTS; PUBLIC IMPROVEMENTS; OTHER DEVELOPER OBLIGATIONS Section 3.1 Construction of Improvements. The Developer expects to complete the Development in three phases. Phase I shall contain 88 Units, Phase II shall contain 58 Units and Phase III shall contain 84 Units. The Developer agrees that it will construct Improvements on the Property only in accordance with the Housing Plans. Housing Plans for the Improvements shall be subject to approval by the City. Section 3.2 Completion of Construction. The Developer shall Substantially Complete 90% of the Phase I Units prior to December 3 t, '(~, )()6. _(ii) Substantially Complete __ - ------ 90% of the Phase II Units, prior to December 31,x.007 and (iii) Substantially. Complete 90% of the Phase III Units prior to December 31,,;~Ot)8; provided that if the EDA is to acquire any Property for the Phase pursuant to Section 3.6, each of the foregoing dates shall be extended to a date which is 30 months following the date the EDA obtains title to al] parcels of property in the Phase which is to be acquired by that method. All construction shall be in conformity with the approved Housing Plans. Periodically during construction, but at intervals of not less than 30 days, the Developer shall make reports in such detail as may reasonably be requested by the EDA concerning the actual progress of construction. The Developer may request modifications of the i'oregoinw completion deadlines or the Rercentage of Units required to be substantially comt~lete but the F.,DA anal Ciri~ have no obligation to a;ree to requested modifications. Section 3.3. The Subsidy. The City has commenced construction of local improvements under Minnesota Statutes, Chapter 429, known as Project SOOR and 759R, consisting of road and other public improvements for Silver Bell Road and Cedar Grove Parkway which are being constructed at a presently estimated cost of approximately $10 million, a portion of which is to be assessed against benefitted property in the TIF District as the property is developed. Project 800R and Project 759R have been determined to be necessary to the redevelopment of the TIF District, including the Property. In consideration of Qualifying Costs to be paid by the Developer, the EDA shall provide subsidies to the . ~ ~ -~ Deleted: 2005, - {Deleted: 2006 -_-_ {Deleted: 2007 Deleted: F for each Phase and Condemnation Expenses Developer hereunder by payment, reimbursement or release from the amount of the City ,{ D~~; Subordinate Mortgage Assessments and Ci Fees as shown on Exhibit for each Phase. U on the Commencement , - ~ - - - ty ~ - -- _--- _P_ __-- ___-- {Deleted:anacity Date of each Phase and execution and delivery of the ;DA i ettet of Credit described in ~ - ... ... ... _._ _ ....._. ... ... ,'~ '~ . Deleted: make reimbursement Section 3.4, a the EDAShall,Leimbu_rse the Developer for any liavmt,uts rt mav_ have_medc, ,; -' - payments to of City Assessments anal City Fees or shall pay or become obligated to the City to pa~such City Assessments and City Fees and Lb) the Citesshall release the Property in that Phase from the levy or collection of the City Assessments and City Fees for that Phase. Section 3.4 ssessment Letter of Credit. U on he a __ ent or release of the Ci ---- ---------------------=---------P----~--p-~------------------------------~-------'-; Assessments and City Fees col- each Phase pursuant to Section 3.3 iereof the Developer shall: ; ~% deliver to the EDA,~n EUA Lettet of Credit ir~form and substance and issued by a hank - 17 :~ Deleted: Subordinate Mortgaee .. ' ~ Deleted: each -- -- ~~~W,eW.~. Deleted: made . ~_ Deleted: for each Phase Deleted: executeand~~~ .- ~ Deleted: a Subordinate Mortgage ~ Deleted: the f~ act:e table to the EDA. The EDA Letter of Credit shall be in an initial amount eoual to the total of the City Fees and Citv Assessments for that I?hase as set forth in Exhibit D. 1"he F..DA i..etter of Credit may provide for reductions of thesLtated amount as L-nits are ... determined by the Executive Director tole Substantially C om~lete ptov°ided that he stated___ _ amount_shall l)ot__be less than. the_am~~unt. of. the Phase Liquidated Damage~,al~d the ~` ., reductions shall be in increments of not less than $50.000. Upon the issuance of a Cu-tificate -' of Com letion br each base ul suant to Section ~ 5 hereof, the EDA shat eturn the .DA •''~., - _ P ~ .__..F._ _ P.. _ .. _ ~.-- ,~.--_ Letter of Credit for that Phase to the Developers The. EDA may submit a raw on h,L e EDA "~:-., Letter of Credit in the amount nt the Phase Liquidated Damages uuon the earlier to occw of ~ '`~.~ l,i) the 20`h day prior to the: expiration date of such~DA Lc,tter of Clcdit, or Ui, the ',. occurrence of an Event of Default hereunder. Section 3.5 Certificate of Completion: Payment of Subsidy. Promptly after notification by the Developer of the Substantial Completion of a Phase, the EDA shall inspect the construction to determine whether it has been Substantially Completed in accordance with the terms of this Agreement. In the event that the Fsecutive Director of the EDA determines that all Units of a Phase have been Substantially Completed in accordance with the Housing Plans and applicable regulations, the EDA shall furnish the Developer with a Certificate of Completion for that Phase as described in Exhibit B. Such certification by the EDA shall be a conclusive determination of satisfaction and termination of the agreements and covenants in this Agreement with respect to the obligations of the Developer to construct Units for that Phase. Section 3.6 Property Acquisition. T'he Developer has acquired or will acquil•e all pat~czls_~f.pr~ipert~~_ngedzd_f~i_.thq_complztigit_of:Phase.,L..,,,Prior to the commencement of phase II and Phase. Ill the Developer shall Identify the parcels within the Phase it has acquired (the "Developer's Parcels") and the additional parcels necessary to be acquired for the Phase (the "Other Parcels"). With respect to any parcels at the time owned by the EDA and the City. the LDA or City Wray conve)r such property to the lleveloper on such terms as the EDA or City may agree to. T'he teens of'sale of parcels owned by the EDA or City and a:creement as to the Other Properties to be acquired by the EDA shall be the subject of a separate subsequent aereement. Such agreement may modify or supercede any of the provisions of Sections d.6 to 39 hereof. With respect to the Other Parcels, the EDA may at its option either (a) authorize all or any designated Other Parcels to be acquired by the Dakota County Housing and Redevelopment Authority as its agent or (b) directly acquire such other Parcels by negotiation or condemnation; provided, however, that (i) the EDA shall have no obligation to purchase or pay for any of the Other Parcels until the Developer has delivered the Pro~Iiy Letter of Credit to the EDA pursuant to Section 3.8 hereo ,and (ii) the EDA shall have no obligation to exercise its powers of condemnation until the exercise thereof is approved following a public hearing pursuant to Minnesota Statutes, Section 469.012, Subd. 1(6;;. If the EDA acquires any of the Other Parcels, the Developer shall make _.__. . a cash reimbursement to the EDA for the actual dtrect cost of such acquisition and all related costs, except Condemnation Expenses, no later than the closing date of such purchase. In lieu of the acquisition by the EDA of the Developer's Parcels and reconveyance by the EDA t8 Deleted to secure ..~..... _ ......._._..Y..~..~. Deleted Developer s nonrecourse obligation Deleted: complete -.....~ Deleted: Phase and pay any Deleted:. Deleted: Substantial _.. Deleted: of . ..~-..n,,,r-,.. Deleted umt m that ~..~_ Deleted: , Deleted: az Deleted: request -~. Deleted: ,execute Deleted: Partin! Releue of the real ~i- property _- Deleted: which Deleted: Unit is located u described in Exhibit E { Deleted: each - ----- .. { Deleted 1 ( Deleted: ,and (iii) the EDA shall have no obligation to exercise its powers of condemnation if, in the opinion of the EDA's financial consultant, the anticipated cost renders the Phase financial unfeasible ~1 of the Developer's Parcels to the Developer, the Developer shall at its expense acquire good and marketable title to the Developer's Parcels from the existing owners. Any of the Other Parcels acquired by or on behalf of the EDA shall be conveyed to the Developer by quit claim deed. The EDA makes no representation or warranty as to the status of title to the Property or as to the suitability of the Property for the Developer's purposes. At the request of the Developer the EDA shall terminate the condemnation process for any parcel and, in that event, the Developer shall reimburse the EDA for any Condemnation Expenses and other costs and fees for which the EDA may be responsible as a result of such termination. During the condemnation process the EDA shall consult with the Developer on such matters as the selection of appraisers, settlements and appeals. Section 3.7 Demolition. Within 60 days after the acquisition of any parcel of Property, the Developer shall commence demolition of all the buildings and other improvements thereon and proceed to complete the demolition with due diligence. Any demolition costs paid by the Developer or EDA with respect to the Property shall be deemed an Acquisition and Relocation Cost hereunder. Section 3.8 Relocation. The EDA shall pay any relocation costs required to be paid by the EDA under Chapter 117, Minnesota Statutes, or any other law with respect to the Other Parcels. Any relocation costs paid by or on behalf of the EDA or Developer shall be considered an Acquisition and Relocation Cost hereunder. Section 3.9 Properly Letter of Credit. As security for its reimbursement obligations under Section 3.6 hereof, the Developer shall deliver to the EDA for each Phase a Property Letter of Credit issued by ,.,ol other bank acceptable to the EDA substantially in the form on file with the EDA. The Propel-ty Letter of Credit at all times shall be in an amount equal to at least the actual amount of unreimbursed Acquisition and Relocation Costs paid, incurred or reasonably estimated by the EDA to be incurred by the EDA and City hereunder for that Phase and shall otherwise be in a form acceptable to the EDA. Upon each reimbursement of the EDA in accordance with Section 3.6 or demonstration that the full amount of the estimated Acquisition and Relocation costs are no longer applicable, the amount of the Letter of Credit maybe reduced by a corresponding amount. Upon satis.fiction ofthe jJeyeloper's reimbursement vbliaations the EDA shall return the Property Letter of Credit to the Developer. The EDA may draw on the Property Letter of Credit for that Phase on the earlier of (i) 20 days prior to its expiration date, or (ii) the occurrence of an Event of Default hereunder. Section 3.10 Assessments. Except as limited by Section 3.3 hereof, providing for tfie ~ymtent, reimbursement or release of ~tssessn~ents for_Pr~ct No. 800R and Prc~ect No. 759R, the City may assess all or any portion of the Property and other benefited properties pursuant to Minnesota Statutes, Chapter 429, for that portion, if any, of the cost of the public improvements which may be lawfully assessed against such property. The parties agree that no other provision of this Agreement shall limit the right of the City to assess the Property for their respective lawful share of the assessable costs of such public improvements. In l9 . - { Deleted: a __ - Deleted: issuance of the Certificate of I Completion for each Phue J g~ addition, the property owners shall pay the cost of usual charges for water and sewer utility service for the Property. The City and EDA represent that there are no existing plans for future improvements under Minnesota Statutes, Chapter 429, affecting the Property. Section 3.11 Reimbursement of City. The released City Assessments and City Fees represent an advance by the City to the EDA for the payment of Qualifying Costs, whether or not such City Assessments and City Fees meet the definition of Qualifying Costs. The EDA shall reimburse the City for the amount of such City Assessments and City Fees from the proceeds of obligations it may issue or from future collections tax increment from the TIF District with interest and at such times as the EDA and City shall mutually determine. ARTICLE IV. LIMITATION UPON ENCUMBRANCE; PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER: SUBORDINATION Section 4.1 Limitation Upon Encumbrance of Development. Prior to the issuance of the Certificate of Completion for a Unit, neither the Developer nor any successor in interest to the Pro a or an art thereof other hap the urchaser of a Unit, shall en a e in an Deleted: m~ P rtY YP ~ _ P ___....._ .._....._g..g_ _ y ... _...... financing or any other transaction creating any mortgage or other encumbrance or lien upon that Unit, whether by express agreement or operation of law, or suffer any encumbrance or lien to be made on or attached to the Property other than common interest communiri~ declarations and similar documents and the liens or encumbrances attached for the purposes of obtaining funds to the extent necessary for acquiring the Property and making the Improvements and such additional funds, if any, in an amount not to exceed the costs of developing the project without the prior written approval of the EDA. The EDA shall not approve any Mortgage which does not contain terms which conform to the terms of this Article IV of this Agreement. Section 4.2 Representation as to Development. The Developer represents and agrees that its undertakings pursuant to the Agreement are for the purpose of implementation of the Development and not for speculation in landholding. The Developer further recognizes that, in view of the importance of the Development to the general welfare of the EDA and the substantial financing and other public aids that have been made available by the EDA and the EDA for the purpose of making the Development possible, the qualifications and identity of the Developer are of particular concern to the EDA. The Developer further recognizes that it is because of such qualifications and identity that the EDA is entering into this Agreement, and, in so doing, is further willing to rely on the representations and undertakings of the Developer for the faithful performance of all undertakings and covenants agreed by Developer to be performed. Section 4.3 Prohibition Against Transfer of Property and Assignment of Agreement. For the reasons set out in Section 4.2 of this Agreement, the Developer represents and agrees that, prior to the completion of the Improvement as certified by the EDA: 1.10 ~q (a) Except only (i) sales of completed Units, (ii) transfers to an entity effectively controlled by the Developer which has assumed by written instrument satisfactory to the EDA all of the Developer's obligations hereunder f iii) a transfer back_to the (7ri: inal_ { ue~eted: ~a (~~~ ne~.zlo}~er _f the Ori~inal_I~z~~eloper has assumed all,.ot the_De~ elgper s obhgaho~}5 hereunder, and (iv) transfers or encumbrances for the purpose of obtaining financing necessary to enable the Developer or any successor in interest to the Property, or any part thereof, to perform its obligations with respect to the Development under this Agreement, and any other purpose authorized by this Agreement, the Developer, except as so authorized, has not made or created, and will not make or create, or suffer to be made or created, any total or partial sale, assignment, conveyance, or any trust or power, or transfer in any other mode or form of or with respect to this Agreement or the Development or any part thereof or any interest therein, or any contract or agreement to do any of the same, without the prior written approval of the EDA; and (b) The EDA shall be entitled to require, except as otherwise provided in this Agreement, as conditions to any such approval under this Section 4.3 that: (i) Any proposed transferee shall have the qualifications and financial responsibility, asdetermined by the EDA, necessary and adequate to fulfill the obligations undertaken in this Agreement by the Developer, or, in the event the transfer is of or relates to part of the Development, such obligations to the extent that they relate to such part. (ii) Any proposed transferee, by instrument in writing satisfactory to the EDA and in form recordable among the land records, shall for itself and its successors and assigns, and specifically for the benefit of the EDA, have expressly assumed all of the obligations of the Developer under this Agreement and agreed to be subject to such obligations, restrictions and conditions or, in the event the transfer is, of, or relates to part of the Development, such obligations, conditions, and restrictions to the extent that they relate to such part; provided, that the fact that any transferee of, or any other successor in interest whatsoever to, the Development or any part thereof, shall, for whatever reason, not have assumed such obligations or agreed to do so, shall not, unless and only to the extent otherwise specifically provided in this Agreement or agreed to in writing by the EDA, relieve or except such transferee or successor from such obligations, conditions, or restrictions, or deprive or limit the EDA of or with respect to any rights or remedies or controls with respect to the Development or the construction of the Improvements; it being the intent of this Section 4.3, together with other provisions of this Agreement, that to the fullest extent permitted by law and equity and excepting only in the manner and to the extent specifically provided otherwise in the Agreement no transfer of, or change with respect to, ownership in the Development or any part thereof, or any interest therein, however consummated or occurring, whether voluntary or involuntary, shall operate, legally or practically, to deprive or limit the EDA, of any rights or remedies or controls provided in or resulting from this Agreement with respect to the Development and the construction of the Improvements that the EDA would have had, had there been no such transfer or change. (iii) There shall be submitted to the EDA for review all instruments and other legal documents involved in effecting transfers described herein, and, if approved by the EDA, its approval shall be indicated to the Developer in writing. 111 /w In the absence of specific written agreement by the EDA to the contrary, no such transfer or approval by the EDA thereof shall be deemed to relieve the Developer from any of its obligations with respect thereto. Section 4.4 Approvals. Any approval required to be given by the EDA under this Article N may be denied only in the event that the EDA reasonably determines that the ability of the Developer to perform its obligations under this Agreement will be materially impaired by the action for which approval is sought. Section 4.5 Subordination and Modification for the Benefit of Mortgagees. (a) In order to facilitate the obtaining of financing for acquisition of the Property and the construction of the Improvements by the Developer, the EDA agrees to subordinate its rights under this Agreement to the holder of any mortgage entered into for the purpose of obtaining such financing. (b) In order to facilitate the obtaining of financing for the construction of the Improvements, the EDA agrees that it shall agree to any reasonable modification of this Article IV or waiver of its rights hereunder to accommodate the interests of the holder of the mortgage, provided, however, that the EDA determine, in its reasonable judgment, that any such modification(s) will adequately protect the legitimate interests and security of the EDA with respect to the Development. ARTICLE V. EVENTS OF DEFAULT Section 5. I Events of Default Defined. The following shall be deemed Events of Default under this Agreement and the term shall mean, whenever it is used in this Agreement, unless the context otherwise provides, any one or more of the following events: (a) Failure of the Developer to commence and complete construction of the Improvements pursuant to the terms, conditions and limitations of Sections 3.1 and 3.2 hereof; (b) Failure by the Developer to observe and substantially perform any covenant, condition, obligation or agreement on its part to be observed or performed hereunder; (c) If the Developer shall admit in writing its inability to pay its debts generally as they become due, or shall file a petition in bankruptcy, or shall make an assignment for the benefit of its creditors, or shall consent to the appointment of a receiver of itself or of the whole or any substantial part of the Development; 112 ~til (d) If the Developer shall file a petition under the federal bankruptcy laws; or (e) If the Developer, on a petition in bankruptcy filed against it, be adjudicated a bankrupt, or a court of competent jurisdiction shall enter an order of decree appointing, without the consent of the Developer, a receiver of the Developer or of the whole or substantially all of its property, or approve a petition filed against the Developer seeking reorganization or arrangement of the Developer under the federal bankruptcy laws, and such adjudication, order or decree shall not be vacated or set aside or stayed within 60 days from the date of entry thereof. Section 5.2 Remedies on Default. Whenever any Event of Default occurs, the EDA and the City may, in addition to any other remedies or rights given the EDA and the City under this Agreement but only after the Developer's failure to cure within 30 days of written notice of default, take any one or more of the following actions: (a) suspend their performance under this Agreement until they receive assurances from the Developer, deemed reasonably adequate by the EDA and the City, that the Developer will cure its default and continue its performance under this Agreement; (b) terminate this Agreement; (c) if the Event of Default is based on the failure to reimburse the EDA for Acquisition and Relocation Costs under Section 3.6, draw on the I'roDezty Letter of Credit; (d) if the Event of Default is based on the failure of the Developer to substantially complete a Phase within the time prescribed for completion of the Phase under Section 3.2, the EDA shall be entitled to receive as liquidated damages the Phase Liquidated Damages applicable to that Phase an dz-aw upon~he J.:D4 Letter of C redit to satisfy such obli ratg ion.. Y . - - (e) fake whatever action at_law or in eguity_may_ appear necessary_or desirable to_____ the EDA or the City to enforce performance and observance of any obligation, agreement, or ~' covenant of the Developer under this Agreementiprovided, however, that the Uevel~er shall have no obligation to ~aZan~lnonetary damages except as set forth. in Section 3.6 and paragraphs (c) and (d) above. Section 5.3 No Remedy Exclusive. No remedy herein conferred upon or reserved to the EDA and City is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power maybe exercised from time to time and as often as may be deemed expedient. In order to entitle the EDA, the City or the Developer to exercise any remedy 1.13 { Deleted: , __ { Deleted failure of •1 Deleted: Developer to pay the same, foreclose the Subordinated Mortgage J without recourse to the Developer; or; Deleted: except in the cue of a Giltue to pay Phase Liquidated Damages, for which the sole remedy is foreclosure of the Subordinate Mortgage, I~ reserved to it, it shall not be necessary to give notice, other than such notice as may be required in this Article V. Section 5.4 No Additional Waiver Implied by One Waiver. In the event any agreement contained in this Agreement should be breached by any party and thereafter waived by another party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach hereunder. ARTICLE VI. ADDITIONAL PROVISIONS Section 6.1 Conflicts of Interest; Representatives Not Individually Liable. No EDA or City officer who is authorized to take part in any manner in making this Agreement in his or her official capacity shall voluntarily have a personal financial interest in this Agreement or benefit financially therefrom. No member, official, or employee of the EDA or City shall be personally liable to the Developer, or any successor in interest, in the event of any default or breach by the EDA or City or for any amount which may become due to the Developer or successor or on any obligations under the terms of this Agreement. Section 6.2 Non-Discrimination. The provisions of Minnesota Statutes, Section 181.59, which relate to civil rights and non-discrimination, shall be considered a part of this Agreement and binding on the Developer as though fully set forth herein. Section 6.3 Notice of Status and Conformance. At such time as all of the provisions of this Agreement have been fully performed by the Developer, the EDA upon not less than ten days prior written notice by Developer, agrees to execute, acknowledge and deliver to Developer or to any person designated by Developer a statement in writing in recordable form certifying the extent to which this Agreement has been fully performed and the obligations hereunder fully satisfied. Section 6.4 Notices and Demands. Except as otherwise expressly provided in this Agreement, a notice, demand or other communication under this Agreement by either party to the other shall be sufficiently given or delivered if it is sent by mail, postage prepaid, return receipt requested or delivered personally: (a) As to the EDA: Executive Director Eagan Econonvo-Development Authority 3830 Pilot Knob Road Eagan, MN 55122 114 / ~~ (b) As to the City: City Administrator 3830 Pilot Knob Road Eagan, MN 55122 ,(mac As to the Developer: U.S. Home Corporation 935 Wayzata .Boulevard Wayzata, >\1N 55391 Attention: 1~'illiam Pritchard E______________ __________________________ an d '\1esscrli & Kramer 1.800 Fifth Street "Powers iS0 South Fifth Street :!~4inneapolis. IvtN 15402 Attention: Bretl Perrv or at such other address with respect to any party as that party may, from time to time, designate in writing and forward to the others as provided in this Section 6.4. Section 6.5 Counterparts. This Agreement may be simultaneously executed in any number of counterparts, all of which shall constitute one and the same instrument. {Deleted:------Page Break------ Section 6.G Status of Oli~inal Development A~Treement. This Agreement supersedes the Original Development Agreement, the Original Development Agreement shall he of no ti~rfher force and effect and the Original Developer has no fua-ther rights or obli ate ions thereunder. [The balance of this ~~~e intentionally left blank 1.15 /o~} IN WITNESS WHEREOF, the EDA has caused this Agreement to be duly executed in their names and behalf and the Developer has caused this Agreement to be duly executed as of the day and year first above written. EAGAN ECONOMIC DEVELOPMENT AUTHORITY By President And By Executive Director l?.S. HOME CORPORATION Its CITY OF EAGAN By Mayor And By _ City Clerk DELTA DEVELOPi\IENT [NC. lts President 1.16 - ~ ~~ Deleted: President . -- { Deleted: DELTA DEVELOPMENT, ~~ its /D(~ STATE OF MINNESOTA ) ss COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _ day of by and the President and Executive Director of the Eagan Economic Development Authority, a municipal corporation under the laws of the State of Minnesota, on behalf of the Economic Development Authority. Notary Public 118 1 ~~ STATE OF MINNESOTA ) ss COUNTY OF ) The foregoing instrument was acknowledged before me this day of by ,the of L.S. HOME .-- Deleted: P.e~iaentofDELTA ---- --~- ------~ DEVFI.OPMENT,AIC C(.)RPOR.:ATION, a ela~~are corporation, on behalf of said corporation _. 7 Minnewta Notary Public 1.19 STATE OF MINNESOTA ) ss COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _ day of , by and the Mayor and City Clerk of the City of Eagan, a municipal corporation under the laws of the State of Minnesota. Notary Public 120 r~ S"i'_~'I~IOI= MINNESO'1•,!~ } COi. N'1'l' OF } The foreaoin~ instrument was acknowledged before me this day of by the of DCI,TA DEVELOPMENT, 1NC. a ~4innesota corporation, an behalf of said corpporation. Notary Public M 1+!-~'.'^'a'.°° ~ _ _ _ . ~ { D21CtCd: 794888.06 121 10 EXHIBIT A DESCRIPTION OF PROPERTY A-I EXHIBIT B CERTIFICATE OF COMPLETION The undersigned hereby certifies that C`.S. I-iolne Corporation has fully and__ completely complied with its obligations for Phase _ under Article III of that document entitled ".Amended and Restated Development Agreement," dated September _ 2003 ----------- between the Eagan Economic Development Authority, the City of Eagan and U 5 Home _ _. Corporation with respect to construction of the Improvements in accordance with the approved construction plans and is released and forever discharged from his obligations to construct under such above-referenced Article. DATED: ECONOMIC DEVELOPMENT AUTHORITY By: Its Executive Director B-1 { Deleted: Delta Development, Inc. _..........._...._.__ .................. ......_._........._....._-1 .~ Deleted: _....... Deleted: Delta Development, Inc i -a, EXHIBIT C Housing Plan Documents The Housing Plans consist of C-1 113 EXHIBIT D Deleted: SUBORDINATED MORTGAGE AGREEMENT 1 Deleted: MORTGAGE REGISTRY TAX DUE HEREON: S ' Deleted:. THIS MORTGAGE AGREEMENT (this "Mortgage") is ,' made this _ day of 2lxl~ between Delta Development, Inc., a corporation under the laws of Minnesota ("Mortgagor"), and Eagan Economic Development Authority, a _...... ... _ _ _ .... _ . _ .. _ _._. __ _ _....... _ public body corporate and politic under ..... , the laws of Minaesota"(Mortgagee'). Deleted: RECITALS Deleted: A. Mortgagor and - ~ .' ~ Mortgagee have entered into a .--..----------------------------_--__-_ ._-- ---------- -----------,------- !~ :~ Developmrnt Agreemrnt dated as of (the "Development ;~ ~ Agrcement") for the developmrnt of __._.__ .. .......... ............. _......: certain property,includingtheproperty described in F~chibit A. ' Deleted: B. Mortgagee has required .. - _ . ............. . . .. . ... ......... . _ - - ..... _ .... . - .. - ...... _. .. ..... ." that this Mortgage be given to secure the obligations of the Mortgagor with respect [o Phase under the Development -----~-- ------------~-- Agreement and thepaymrntofPhase Liquidated Damages, as defined i~ it . . . . ....... .............. _ . - ~' -~ Deleted' AGREEMENT Deleted: .Now therefore, for valuable . ,-' consideration, the receipt of which is ---------------------------------~---------------- hereby acknowledged. Mortgagor ---- -- ... f21 `Deleted: L . Grant of Morteaee. •---------------------------_.-------------------------------------------------------------------------------------.'~ Mortgagorherehymortgagesto Mortgagee all of Mortgagor's rig 3 .. ~ ~ Deleted: 2.. Ter n. This Mo age ..---------------------~-- .. rtg -------------~-------------~-----~~~-~---" shallhaveamaturitydateof,andterm - -- - ending on , _. Deleted' 3 _ _._.. __.... __...-_ ...... ......._ ... _......_ -.-.- Mort¢aeorCovenant. Mortgagor covenants with Mortgagce that, except as provided in Sectio 4 ... .... . .. ..... ... . ................. . . . . . .. ...._.. Deleted: 4. Morteanee Remedies. In case Mortgage does not receive the ~ amounts due to i[ described in S ... 5 _ _.... _-... _... -.... .._. _ __. -- D leted { e : 5. Nonrecourse Oblieation. Notwithstanding any provision - _. _. apparently to the contrary wntain ... 6 1 Deleted: 6.. Bindin¢ Effect. 7Le 1 terms of this Mortgage shall run with the _.... ~~ ~ - _ ~- ~~ ~~ ~ ~~ ~~ " Properly and bm t e partres her ~ ... i DeltU:ed: 7. Morteaee is .... .. ........... ........._ .... ............ ................. .... _.. ....-....... II` Subordinate. Mortgagee agrees that this Mortgage is and shall at all times ~lgl Deleted: B.. Business Subsidy Aet. The Mortgagee has determined and the Mortgagor has agreed that the loa Deleted: ------Page Break------ . IN WITNESS WHEREOF, the parties hereto have caused this Mortt:ag D-1 u~I ~ _.. .... .. ... .-.-. ~ Deleted: DELTA DEVELOPMENT, INC., . a Minnesota corporation .... .... - ~ { DeJt:ted: By:..... . Dented: Its: President ...- ~ Deleted: STATE OF MWNESOTA .) J .......... .. _... _ .... _. .. .. ... ........ .. ...... .. ~ ~ .. ... _.. ... -.__.......w,,,,..._,,,._~ ... j Deleted: ) ss. J _ _ _ __.. _- ___ - - ~ t Deleted: COUNTY OF DAKOTA .. ) Deleted:.. The foregoing instrument was acknowledged before me this day of _, by the of Delta Development, Inc., a Minnesota corporation, on behalf of said corporation. . _......__.,~,~ ........................._...~.._~~l Deleted: Notary Public t Deleted: ,. . Deleted: ------Page Break------ i 1 Deleted:.. EAGAN ECONOMIC DEVELOPMENT.. _. AUTHORITY l { Deleted: By: Deleted: Ifs: Executive Director ._ _ ...... _ _ .. ........... ... . _ .. ... . - ~ - { Deleted: STATE OF MINNESOTA .) _. __. - ... ~,~~,.,...W . ... Deleted:.) ss. • _ _ ........... . - " ~ I ~Ieted: COIRJi'Y OF DAKOTA ) . D-2 ors ............_ ... ... ......... . ...... . - ~ ~ Deleted: Phone: (612) 761x7000 _ . - ~ { DCICted: [SIGNATURE PAGE TO 1 MORTGAGE AGREEMENT] .__ Deleted: Page Break EXFIIBIT A ~ .-- 1 DelEfed: Legal Description of the ..- I ......... Property . ~ Deleted: EXHIBIT E '----__ - ................................._..------ ____............._._......._._........1 ,I Deleted: PARTIAL RELEASE OF MORTGAGE __ .. _.- Deleted: (By Municipal Corporation) Deleted: Based on Minnesota Uniform ,' ; ~ I Conveyancing Blanks (Rev. 10-3-86) l ,~ Deleted: Date: -- - - - D-3 _ ___ .... _. .. Deleted: Name. ~~ - --------- - -- - ------------- ~- I Deleted: Its. Executive --- - --------- --- - - ----- ----------' ' I Director. . I~~ Deleted:. FOR VALUABLE CONSIDERATION, the real property in Dakota County, Minnesota, legally r described u follows: 1 .I Deleted: .See Exhibit A attached I hereto 11 Deleted: is hereby released Gom the lien of the Mortgage, owned by the undersigned, dated _, executed by Delta Development, Inc., a Minnesota corporation, as Mortgagor, to Eagan Economic Development Authority, apolitical subdivision of the Slate of Minnesota, as Mortgagce, and filed for rewrd _, u Documwt Number , in the Office of the County Rewrdtt of Dakota County, Minnesota. Deleted: EAGAN ECONOMIC DEVELOPMENT AUTHORTI'Y Deleted: By ........ . is _ -- .. _. City Fees Trunk Utility Parks Trails Water Quality Total :Number ol'Units City Assessments ;Ind City Fees per l!nit 0 50,522 0 50,522 123,728 84,321 126,272 334,321 16,104 11,559 18,32 45,983 0 0 0 0 $609,511 $380,015 $507,286 $1,496,812 88 66 76 X30 $b,9?6 : ~ "t~8 $6.(175 D-4 Deleted: ------Page Break------ ( STATE OF MINNESOTA ) l Deleted:. ) ss. {Deleted: COUNTY OF DAKOTA . ) Deleted: The foregoing instrument was acknowledged before me this day of _, by the Executive Director of the Eagan Economic Development Authority, a political subdivision and municipal corporation under the laws of Minnesota, on behalf of the coryoration. '''111 Deleted: THIS INSTRUMENT WAS DRAFTED BY (NAME AND ADDRESS) Deleted: l l Deleted: SIGNATURE OF PERSON ) ', TAKIIJGACKNOWIEDGMENT Deleted• FAEGRE & BENSON LLP (SCR) ~~ t Deleted: 2200 Wells Fargo Center l .. .......................... _ .._....... ... Deleted: NOTARIAL STAMP OR~ SEAL (OR OTHER TTTLE OR RANK) ,r Deleted: 90 South Seventh SUeet-~r) Deleted: Mimreapolis, MN 55402• I 3901 ;~ Deleted: Phone: 612-766-7000 ... l Deleted: EXHIHIT F 117 MI' p22;~;.n3 ]025793.01 D-5 __.. ___...__..._._ D212tCdC794868.06 /19 Page 1: [i] Deleted Information Services 9/3/2003 2:25 PM B. Mortgagee has required that this Mortgage be given to secure the obligations of the Mortgagor with respect to Phase 'under the Development Agreement and the payment of Phase Liquidated Damages, as defined in the Development Agreement, in the maximum amount of $ , subject to reduction as provided in the Development Agreement. Page is [2] Deleted Information Services 9/3/2003 2:25 PM Now therefore, for valuable consideration, the receipt of which is hereby aclmowledged, Mortgagor agrees as follows: Page is [3] Deleted Information Services 9/3/2003 2:25 PM 1. Grant of Mortgage. Mortgagor hereby mortgages to Mortgagee all of Mortgagor's right, title and interest in and to the land legally described on Exhibit A attached hereto, together with all improvements now or hereafter constructed thereon and all hereditaments and appurtenances belonging thereto (the "Property"), to have and to hold the same, unto Mortgagee, forever. Mortgagor represents to Mortgagee that Mortgagor has good right to convey the Property as set forth in this Mortgage. Page 1: [4] Deleted Information Services 9/3/2003 2:25 PM 3. Mortgagor Covenant. Mortgagor covenants with Mortgagee that, except as provided in Sections 7 and 8 below, Mortgagee may enforce this Mortgage against the Property if Mortgagee does not receive the amounts, as may become due to Mortgagee as Phase Liquidated Damages under the Development Agreement in the maximum amount of Page is [5] Deleted Information Services 9/3/2003 2:25 PM 4. Mortgagee Remedies. In case Mortgagee does not receive the amounts due to it described in Section 3 hereof, Mortgagor (a) confers upon the Mortgagee the option of declaring all such amounts to be immediately due and payable upon ten (10) days' written notice, and (b) authorizes and empowers Mortgagee, if such amounts are not paid within such ten (10) day period, to foreclose this Mortgage by judicial proceedings or to sell the Property at public auction and convey the same to the purchaser in fee simple in accordance with the statute, and out of the moneys arising from such sale to retain all sums secured hereby, with interest, and all legal costs and charges of such foreclosure and the maximum attorney's fees permitted by law. Page 1: [6] Deleted Information Services 9/3/2003 2:25 PM S. Nonrecourse Obligation. Notwithstanding any provision apparently to the contrary contained in this Mortgage, (a) there shall be absolutely no personal liability on the part of Mortgagor (or any of its respective officers, directors, members, employees or ~~,._~_~ r___.._~___~ _r..~__ _____....~.... a.r,...~~..~.._ .._a__.~._ w.r_~~,.__ __a iL~ ~,r_~~.,~__ 114 7. Mortgage is Subordinate. Mortgagee agrees that this Mortgage is and shall at all times be and remain subject and subordinate to each and every past, present and future mortgage lien on the Property which is permitted by the Development Agreement with the same effect as if this Mortgage was executed, delivered and recorded after each such mortgage. Mortgagee agrees upon request to execute such further documents and instruments as may reasonably be requested by the holder of any mortgage lien to confirm such subordination. Page is [9] Deleted Information Services 9/3/2003 2:25 PM 8. Business Subsidy Act. The Mortgagee has determined and the Mortgagor has agreed that the loan secured by this Mortgage is not a "business subsidy" under Minn. Stat. Section 116J.993, subd. 3 (4). Page 1: [10] Deleted Information Services 9/3/2003 2:25 PM ---------------------------------------------------Page Break---------------------------------------------------- IN WITNESS WHEREOF, the parties hereto have caused this Mortgage to be signed on their behalf by authorized representatives as of the date first above written. ldo ~~,~ ~d . r., N 0 a~ ~ ~ o ~., ~ o ~ ~ ~ ~ V ~ ~..~ M ~ ~ U L (~ N w ~ [^, `) W W -~ ~ T O ^W, ~ - ~ X ~ - - (6 ~ U ~ Cn ., ~ .. 4 ~ 0 ~ ~ c~ ca ~ ~ ~ ~ (~ ~ ~ ~ ~ ~ O c/) ~ ._ ~ O i ~ ~ ~ ~ ~ ~ O ~ ~ ~ ~ Ca-,~ ~. ~ O ~ ~~ ~~ ~~ ~ ~U U ~ p V ~ _ •- - Q O - ~ '- ~ ~ ~ ~ -~ ~_ ~ ~ ~ ~ c~ _ ~ ~ ~ ~ ~ ~•~cn~-~ Q ~~~ ~ O ~ ~ c6 ~ v ~ ~ ~.. Q _' ._ ~ ~'~ ~ ~~~ ~ a~ ~o ~~ ~~ ~ 4) ~ ~ ~ ~ ~ ~ ~ ~ ~ +.~ ._ ~ ~ ~ p +~ D .J O ~ ~ ~ ~ ~ ~ O O 4J ~- ~ i- O (~ O ~ (n D~~ D D~ ~..+ L Z L. 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