ECONOMIC DEVELOPMENT AUTHORITY- Bryan Schafer, Community Development Director
Title
CONSIDERATION OF THE SALE OF EDA WETLAND CREDITS FOR THE VILLELLA ADDITION PROJECT AT 10440 FLANDERS STREET
Background
Rob Carlson has submitted a site plan for a 16,800 square foot industrial building at his vacant site at 10440 Flanders Street. The building site requires circulation for vehicles and trucks servicing the building as well as parking for employees which has caused the need to fill a small portion of a larger wetland complex. The RCWD has suggested that the required mitigation of .2358 acres (10,271 square feet) be purchased through an off-site wetland bank. Mr. Carlson has proposed that the purchase occur through the EDA’s Wetland Bank.
The wetland impact will require the purchase of 10,271 square feet. At the sales price of $2 per foot the sale would be $20,542 plus the EDA’s out of pocket cost of the withdrawal.
With this action the EDA’s Wetland Bank will still have approximately 21 acres available plus the 14 acres held in reserve by the City’s Open Space Bank for a total of 35 acres.
Recommendation
It is recommended that the EDA adopt the Resolution approving the sale of .2358 acres of wetland credits to assist Rob Carlson in the development of a 16,800 square foot industrial building at 10440 Flanders Street.
Body
BE IT RESOLVED by the Board of Commissions (the “Board) of the Blaine Economic Development Authority (the “EDA”), as follows:
WHEREAS, it is one of the goals and purposes of the Blaine EDA to improve the community, strengthen the tax base and enhance employment and housing opportunities; and
WHEREAS, the Rob Carlson is proposing the construction of a 16,800 square foot industrial building at his vacant site at 10440 Flanders Street; and
WHEREAS, Rob Carlson and the RCWD have agreed that in order for the project to be feasible there is a need to fill certain wetlands that are located on the site; and
WHEREAS, Rob Carlson and the RCWD have identified the need to acquire .2358 acres of wetland credits and the Rob Carlson has proposed to purchase those credits from the EDA’s Wetland Bank.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Blaine Economic Development Authority, City of Blaine, Minnesota, that the President and Executive Director of the Blaine Economic Development Authority are here authorized to execute any and all agreements and documents required for the sale and transfer of .2358 acres of EDA wetland credits to Rob Carlson at a cost of $2.00 per square foot plus the EDA’s out of pocket cost for withdrawing credits from the wetland bank.
PASSED by the Blaine Economic Development Authority this 3rd day of May, 2018.