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HomeMy WebLinkAboutEDA Packet - 5-23-24 ••• Meeting Location: Municipal Center Apple II 7100 147th Street West Valley Apple Valley, Minnesota 55124 May 23, 2024 ECONOMIC DEVELOPMENT AUTHORITY REGULAR MEETING TENTATIVE AGENDA 6:15 PM 1. Call to Order 2. Approve Agenda 3. Approve Consent Agenda Items Consent Agenda Items are considered routine and will be enacted with a single motion, without discussion, unless a commissioner or citizen requests to have any item separately considered. It will then be moved to the regular agenda for consideration. A. Approve Minutes of January 25, 2024, Special Meeting 4. Regular Agenda Items A. Former Gaslight Park and Ride Property (15584 Gaslight Drive) 1. Adopt Resolution Authorizing Execution of Disclaimer of Interest in Easements on Lot 1, Block 1, Carroll Center Fourth Addition (15560 Cedar Ave, Red Robin) 2. Adopt Resolution Authorizing Execution of Disclaimer of Interest in Easements on Lot 2, Block 1, Carroll Center Fourth Addition (15635 Gaslight Drive, Floor and Decor) B. Convene into Closed Session to Discuss Potential Sale of EDA Owned Property - The Gaslight Site - 15584 Gaslight Drive Convene in Closed Session, Under Attorney-Client Exceptions to Open Meeting Law, to Discuss Appraisal Valuation of EDA Owned Lands (The Gaslight Site) 5. Staff Updates 6. Adjourn Regular meetings are broadcast, live, on Charter Communications Cable Channel 180 and on the City's website at www.applevalleymn.gov • ITEM: 3.A. ••••• • ••• EDA MEETING DATE: May 23, 2024 Apple Valley SECTION: Consent Agenda Description: Approve Minutes of January 25, 2024, Special Meeting Staff Contact: Department/ Division: Breanna Vincent, Planning Department Assistant Community Development Department ACTION REQUESTED: Approve minutes of special meeting of January 25, 2024. SUMMARY: The minutes of the special Economic Development Authority meeting are attached for your review and approval. BACKGROUND: State statute requires the creation and preservation of meeting minutes which document the official actions and proceedings of public governing bodies. BUDGET IMPACT: N/A ATTACHMENTS: Minutes ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota January 25, 2024 Minutes of the Special Meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held January 25, 2024, at 6:00 p.m., at Apple Valley Municipal Center. PRESENT: President Tom Melander, Commissioners Clint Hooppaw, Tom Goodwin, John Bergman, Ruth Grendahl, and Ken Johnson ABSENT: Jodi Kurtz City staff members present: City Administrator Tom Lawell, Community Development Director Tim Benetti, Planner/Economic Development Specialist Alex Sharpe, Associate Planner Sydnee Stroeing, City Attorney Sharon Hills, and Department Assistant Breanna Vincent APPROVAL OF AGENDA President Melander asked staff if there were any changes to the agenda. —None. MOTION: of Grendahl, seconded by Hooppaw, approving the agenda. Ayes—6 -Nays - 0. CONSENT AGENDA MOTION: of Hooppaw, seconded by Grendahl, approving the minutes of the special meeting on October 26, 2023, the 2024 Meeting Calendar, and the Time Square Storm Water Agreement. Ayes—6—Nays—0. REGULAR AGENDA A.Adopt Resolution Approving 2024 Board Officers MOTION: of Bergman,seconded by Grendahl,to adopt Resolution Approving the 2024 Board Officers to remain the same as 2023. Ayes—6 -Nays—0. B. Adopt Resolution Approving 2024 EDA Budget MOTION: of Goodwin, seconded by Bergman, to adopt Resolution Approving the 2024 EDA Budget. Ayes—6 -Nays—O. Economic Development Authority City of Apple Valley Dakota County, Minnesota January 25, 2024 Page 2 C. "Open to Business" Joint Powers Agreement with Dakota County Community Development Agency MCCD Business Advisor,Natalie Mouilso, provided a brief presentation on the Open to Business program. MOTION: of Hooppaw, seconded by Bergman, to authorize Joint Powers Agreement with Dakota County Community Development Agency. Ayes—6 -Nays—O. D. Review, Discuss and Direct Staff on Potential Sale and Development of EDA Owned Property— 15584 Gaslight Drive Community Development Director Tim Benetti provided a brief presentation. MOTION: of Bergman, seconded by Goodwin, to direct staff to have an official appraisal performed on the subject property to determine the true and fair market value.Ayes —6—Nays-0. E. Review, Discuss and Direct Staff on Potential Development Proposals on City-Owned Lands—7153 & 7169 152nd Street W. ("866 Site") Community Development Director Tim Benetti provided a brief presentation. City Attorney Hills stated that since the land is City-owned, the EDA does not have authority to make a motion on this item. Staff is looking for input before the item moved forward to City Council for a motion. Commissioner Hooppaw asked if the item could be added to the City Council meeting directly following this meeting. City Attorney Hills stated that an amendment to the City Council agenda could be made. STAFF UPDATES None ADJOURNMENT MOTION: by Hooppaw, seconded by Grendahl, to adjourn at 6:43 p.m. Economic Development Authority City of Apple Valley Dakota County, Minnesota January 25, 2024 Page 3 Respectfully Submitted, Breanna Vincent, Department Assistant Approved by the Apple Valley Economic Development Authority on_ May 23, 2024 Thomas O. Melander, President • ITEM: 4.A. • •• ••• ••• EDA MEETI NG DATE: May 23, 2024 Apple Valley SECTION: Regular Agenda Description: Former Gaslight Park and Ride Property(15584 Gaslight Drive) Staff Contact: Department/ Division: Kathy Bodmer, AICP, City Planner Community Development Department Applicant: City of Apple Valley Project Number: Applicant Date: 60 Days: 120 Days: ACTION REQUESTED: 1. Adopt Resolution Authorizing Execution of Disclaimer of Interest in Easements on Lot 1, Block 1, Carroll Center Fourth Addition(15560 Cedar Ave, Red Robin Property). 2. Adopt Resolution Authorizing Execution of Disclaimer of Interest in Easements on Lot 2, Block 1, Carroll Center Fourth Addition (15635 Gaslight Drive, Floor and Decor Property). SUMMARY: The Apple Valley Economic Development Authority (EDA) is requested to consider resolutions authorizing execution of a disclaimer of interest in easements over two parcels west of the former Gaslight Park & Ride site at 15584 Gaslight Drive. Easements: Title work shows that there are three easements that were executed on two properties abutting the former Gaslight Park & Ride site that run in favor of the Apple Valley Economic Development Authority property: a cross-parking/cross access easement, a sight line easement and a sign/sign access easement. The easements were executed over the Red Robin property at 15560 Cedar Avenue and the Floor Decor (former movie theater) property at 15635 Gaslight Drive. 1. T he cross-parking easement will automatically terminate under the terms of the easement when the transit station is no longer used as a transit station. 2. The sight line easement maintains sight line view for the former Gaslight park and ride, which was located very near, but not abutting Cedar Avenue. The easement places limits on changes to the grade, the location of buildings, signs and fences, and limits the height of landscape materials within the described easement area. The easement states that once the theater property is no longer used as a theater, the width of the view corridor is reduced from a fan-shape of over 300' along Cedar Avenue to a more compact rectangle of 134'. 3. The sign and sign access easement provides the right for the Grantee (AV EDA) to construct signage on Cedar Avenue between the Red Robin and movie theater properties. Staff is not able to find information concerning the intention of the easement, but it appears to never have been constructed. The sight line easement may provide benefit to the new development and provide value to the site. If the EDA wishes to maintain the sight line easement, it may direct staff to amend its resolutions. However, the sign and sign access easement were never executed and staff advises that the easement be released to ensure there is no confusion concerning the rights to off-premise signs. Off-premise signs are normally prohibited in the sign code. BACKGROUND: The City of Apple Valley Economic Development Authority purchased the former Gaslight Park & Ride property from the Carroll family June 1997. The property was part of a mixed development that included a restaurant, movie theater, transit station and affordable housing development. Agreements and easements were executed with the neighboring properties to provide overflow parking and enhance the visibility of the park and ride station from Cedar Avenue. BUDGET IMPACT: N/A ATTACHMENTS: Location Map Final Plat Resolution Resolution Exhibit Exhibit . 1 - I - -- -1 ••r • ,.. . -Apple Valley , - II — • 71 i Transit Station 1 - I - _ ? , . I irP.b.:IV • " . .. # . .t '.- . r 'or' u j , winisin....4.4.47. i Iwo , ....-.,.:.. --- 4 gr.•. f.. • • - ' 1 _ i-, ' ••• i .- .-- - ' <X 4 Ila a l' • - - 0 - - Li. . '--. . _ 7155TH ST W -- _- .- — • - . .... A is•-d .4,r k _.,i N i • r Former _ -;•.: • , . . , lje- er / • A, 4.ashght , 4...„ ,. ....... .,. Piarki&tRide - 0 : ,44, - . • - 1• /Red l:• 4, , . -t, :‘ —,• Ce .11"; ": ••-• ' • • •.,, • ,- V • -,61 - 4: 4*. • 0 ' • . . _. .. , .• 'S'.....' . ' . - • . .4. 4 •-•11 4i • i . ' 1 .. • _ . - . ., . _ 4 - Floor& C ,'-.' I e Decor 0 1 .*. 4, 4 , iir• • • .. .; • . Nliiil- 44 • 4", % — • .. • • .: .3.S*C . ‹i ' . • . 1"C`‘ •• "7 0 4.L.7 Ili . L • • ,• . . ,c) , :oil ,e,A.L „Ilt4 , . 111 01,• - Ilit 1111Prl . 1 -4, i - q1/41111/44f 1111111' X\Nearnnap.US Elli@. • • ?FORMER GASLIGHT ftlay... - L .0. - 0.4,7 -, 1 Itatille .1. lbw I PARK & RIDE SITE ,w,t67.,np:14....00-00AN or ' „gem, wirrteakWamv WITANP,INgarWm r N 1'WiglaliEttliaikilara44.416e,11at. -1MIIIKaailVallrprp' 110_ , i imiffighL, n rolifis‘24 W'fi ig E "Silk MI ipailitild 11 - ' WI- ir I' Wilkmi r4Ifikarw , - ir' riirtMlarMi %vire-Ado, ihro *I I' 176 la Atipalart%_a_ imitiii LOCATION MAP -.-- -sulk. '78 1"at li Li! . n as"PliMi CARROLL CENTER FOURTH ADDITION .,. ,_r Y..4,i .l.1 ,,,.i L,'i I;/l 11yr .w CM6.or..IA scc sE-SAW.-aow — - — N,.ol,MATT ALIA Y L waive LINE Or°WIA Or SEC N-111e. Ewe ,•-. .7-RT.-ET Y L B 916.55 N89 4946E 6 w t , moo—I ..•,, r —- .... r— —iEE.e — —— V rn t? ^r()` OO i c, ,[_✓• I 1 I Fl I ICL /,� , u 10.b Red I," _- I b�l- I ( 2 I ^ ' ,�.'/-L .:,_,^v,_,i ce • Robin Ne9°4946•E ,I 20500 I� . I E 'G I 2 ° 1, `' -7 •W1° R �+ o I �� I/-^1.%,� i i�' 9p°•N`A• 1 P.1 �l n . i es1 fie. www .re E M1 i �� os` O .1. ,„0`,,.,1 o �� Former ' �- , 0r.... i,e n r E.. .s, /rr. I \ z� ...,...1 "=al I� Gaslight - IMF. . pogdt i,V , t., \ 14�,L�La.. „, ' i I PRidtrAe �� TLOT A AeFALI R a.Db^e E ds -II'rf--. l A fAr d► IO .00 o /� 1 _ SCALE ,n FEET a / 1 �11 isi? ";� �+'�13 1"*tip e 1 I Floor '"" .111i �1, �i, �I �°, i, r° Decor I : $.1 \ . G1 . e. a . s - { G 245-M 9 e, d i0 C.,i WEST ) ' `� i r,1 / 771//' 1 ^i ` � CARROLL CENTER FOURTH ADDITION FINAL PLAT CITY OF APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. EDA 2024- A RESOLUTION AUTHORIZING THE EXECUTION OF A DISCLAIMER OF INTEREST WHEREAS, pursuant to Minnesota Statutes Sections 469. 090 to 469.108 (the "Act"), the Apple Valley Economic Development Authority(the "EDA") is authorized to own, sell and convey real property owned by it if it determines that said sale and conveyance are in the best interests of the City of Apple Valley and that the transaction furthers its general plan of economic development; and WHEREAS, the Apple Valley Economic Development Authority acquired Lot 1, Block 2, Carroll Center 4th Addition(15584 Gaslight Drive), on June 30, 1997, for a park and ride station facility; and WHEREAS, in connection with the acquisition, the EDA executed certain easements over adjacent properties in furtherance of transit goals, including portions of the following described property: Lot 1, Block I, CARROLL CENTER 4TH ADDITION, according to the plat on file and of record in the Dakota County Recorder's Office. (the"Property") (the Red Robin Restaurant located at 15560 Cedar Avenue). WHEREAS, the Apple Valley Economic Development Authority("EDA") has the following interest in the Property: 1. Sight Line Easement, dated December 23, 1997, recorded February 9, 1998 as Doc. No 1475681; and 2. Signage and Access Easement, dated December 23, 1997, recorded February 9, 1998 as Doc. No 1475682; and (the"EDA Easements"). WHEREAS, the EDA wishes to disclaim its interest in the easements noted above. NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Apple Valley Economic Development Authority, that the EDA President is hereby authorized to sign the Disclaimer of Interest. ADOPTED this th day of , 20 . Thomas O. Melander, President ATTEST: Pamela J. Gackstetter, Secretary RELEASE OF EASEMENT INTEREST Date: May 23, 2024 The real property in Dakota County, Minnesota, legally described as follows: , Carroll Center Fourth Addition, according to the recorded plat thereof is hereby released from the following: 1. Sight Line Easement, dated December 23, 1997, recorded February 9, 1998, as Doc. No 1475681 in the Office of the Dakota County Recorder; and 2. Signage and Access Easement, dated December 23, 1997, recorded February 9, 1998, as Doc. No 1475682 in the Office of the Dakota County Recorder. APPLE VALLEY ECONOMIC DEVELOPMENT AUTTIORITY, a public body corporate and politic and a political subdivision of the State of Minnesota By: Thomas O. Melander Its: President By: Pamela J. Gackstetter Its: Secretary EXIBIT A Placeholder EXIBIT B Placeholder CITY OF APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. EDA 2024- A RESOLUTION AUTHORIZING THE EXECUTION OF A DISCLAIMER OF INTEREST WHEREAS,pursuant to Minnesota Statutes Sections 469. 090 to 469.108 (the "Act"),the Apple Valley Economic Development Authority (the "EDA") is authorized to own, sell and convey real property owned by it if it determines that said sale and conveyance are in the best interests of the City of Apple Valley and that the transaction furthers its general plan of economic development; and WHEREAS,the Apple Valley Economic Development Authority acquired Lot 1, Block 2, Carroll Center 4th Addition(15584 Gaslight Drive), on June 30, 1997, for a park and ride station facility; and WHEREAS, in connection with the acquisition,the EDA executed certain easements over adjacent properties in furtherance of transit goals, including portions of the following described property: Lot 2, Block 1, CARROLL CENTER 4TH ADDITION, according to the plat on file and of record in the Dakota County Recorder's Office. (the"Property") (the Floor and Decor located at 15635 Gaslight Drive). WHEREAS, the Apple Valley Economic Development Authority("EDA")has the following interest in the Property: 1. Sight Line Easement, dated December 23, 1997, recorded February 9, 1998 as Doc. No 1475681; and 2. Signage and Access Easement, dated December 23, 1997,recorded February 9, 1998 as Doc. No 1475682; and (the"EDA Easements"). WHEREAS, the EDA wishes to disclaim its interest in the easements noted above. NOW, THEREFORE, BE IT RESOLVED,by the Board of Commissioners of the Apple Valley Economic Development Authority,that the EDA President is hereby authorized to sign the Disclaimer of Interest. ADOPTED this 23rd day of May, 2024. Thomas O. Melander, President ATTEST: Pamela J. Gackstetter, Secretary RELEASE OF EASEMENT INTEREST Date: May 23, 2024 The real property in Dakota County, Minnesota, legally described as follows: Lot 2, Block 1, Carroll Center Fourth Addition, according to the recorded plat thereof is hereby released from the following: 1. Sight Line Easement, dated December 23, 1997, recorded February 9, 1998, as Doc. No 1475681 in the Office of the Dakota County Recorder; and 2. Signage and Access Easement, dated December 23, 1997,recorded February 9, 1998, as Doc. No 1475682 in the Office of the Dakota County Recorder. APPLE VALLEY ECONOMIC DEVELOPMENT AUTTIORITY, a public body corporate and politic and a political subdivision of the State of Minnesota By: Thomas O.Melander Its: President By:Pamela J. Gackstetter Its: Secretary EXIBIT A Placeholder EXIBIT B Placeholder SU { I z < o 0 01 a ¢ •< ei O , cc w a z _ =o i ct ? g� = e 0 Q i a L8 co 3 2 U Y W V cc - m t z a_ CD W o f. C CO �"'1 J 0 0 m c a R ¢ cT g . U d O O z , < Li GL9 w $ m ci m 2 0 0 �1 F¢ "-- Z 2 d `� prcm m Q ' I � 3 0_ - pp V U C7W DATE RECEIVED 019 in' 8. ' .t. S� THOMAS V. NOVAK wee `� I DAKOTA COUNTY TREASURER-AUDITOR SIGHT LINE EASEMENT 1475�8g V This Sight Line Easement Agreement is made as of the 23 today of December , 1997, by the Apple Valley Economic Development Authority, a Minnesota public body (hereinafter referred to as "Grantee") and AP Apple Valley Limited Partnership, a Texas limited partnership (hereinafter referred to as ("Grantor"). WHEREAS, the Grantor is the owner of real property in Dakota County, Minnesota, legally described on Exhibit A attached hereto and made a part hereof (the "Grantor's Property"); and WHEREAS, the Grantee is the owner of real property in Dakota County, Minnesota, legally described on Exhibit B attached hereto and made a part hereof (the "Grantee's Property"); and WHEREAS, Grantee sold to Grantor the Grantor's Property with the agreement that Grantor would grant to Grantee a sight line easement to preserve a view from Cedar Avenue to Grantee's Property; and WHEREAS, the parties hereto desire to enter into this Agreement in order to preserve the view from Cedar Avenue to Grantee's Property; NOW, THEREFORE, in consideration of the payment from Grantee to Grantor of the sum of$1.00 and other valuable consideration, the receipt and sufficiency of which is acknowledged to, the parties hereby agree as follows: 1. Creation of Sight Line Easement. Grantor grants to Grantee, and the successors and assigns of Grantee, the following easement over the Grantor's Property which is for the purpose of protecting the value and desirability of, and which is for the benefit of, appurtenant to and shall run with the Grantee's Property and be binding on all parties having any right, title or interest in the Grantor's Property or any part thereof, its successors and assigns: This easement includes the right to light, air and view over all parts of Grantor's Property which contains a parking lot, as shown on Exhibit C attached hereto and made a part hereof (the "Sight Line Easement Area"). The present grade within the Sight Line Easement Area will not be substantially raised, nor shall a building, sign, fence, wall or other structure be constructed or maintained therein, nor shall any bush, tree or other plantings exceeding three feet in height be planted or maintained thereon, except grade changes, construction and plantings consented to in writing by Grantee. 2. Duration. The Easement shall be perpetual: (i) For a period of ten (10) years from the date of this Easement Agreement, or upon the termination of the use of Grantor's Property as a movie theater, whichever event is later, the site line Easement Area shall remain as shown on Exhibit "C". (ii) Upon the occurrence of the later event set forth in Paragraph 2(i), the Sight Line Agreement Area shall be modified as to be limited to the area shown on Exhibit "D" attached hereto and made a part hereof. 3. Grantor R spo sibili i -s. Grantor agrees that it shall continue to be responsible for all taxes, maintenance costs and liability for damages associated with the Sight Line Easement Area. 4. Default. Failure by any party to perform obligations within 30 days after receipt of written notice of an alleged beach, shall be considered an event of default. The nondefaulting party to this Agreement may commence an action in a court of competent jurisdiction to collect any sums due hereunder including the reasonable costs of such action and reasonable attorneys fees. 5. Authorization. By executing below, all the parties warrant that they have taken sufficient action to make this Agreement a binding obligation upon the party, and they further warrant that the party executing this Agreement on behalf of the organization has the power to bind the organization to the terms of this Agreement. 6. Notices. All notices required or permitted to be given under this Lease shall be in writing and shall be deemed to be given upon obtaining a written acknowledgment of receipt when delivered in person to the party, or when deposited in the United States Mail in a sealed envelope with postage prepaid, addressed to the parties at the following addresses: If to Grantor: Jay Anthony Anthony Properties Management, Inc. 12770 Coit Road, Suite 1170 Dallas, TX 75251 -2 - , If to Grantee: Apple Valley Economic Development Authority Executive Director 14200 Cedar Avenue South Apple Valley, MN 55124 or addressed to any such party at such other address as such party shall hereafter furnish by written notice to the other party. 7. Amendments. The parties agree that any amendment to this Sight Line Easement Agreement shall be in writing and recorded with the appropriate Dakota County land recorder office. 8. Whole Agreement. This Agreement embodies the entire Agreement between the parties including all prior understandings and agreements and may not be modified except in writing signed by all the parties. 9. Binding Contract. The easement created by this Agreement shall bind the Grantor and its successors and assigns and run with title to the properties described above. 10. Governing Law. This Agreement shall be construed under the laws of the State of Minnesota. 11. Severability. If any term or provision of this Agreement shall, to any extent, be invalid or unenforceable, the remainder of this Agreement (or the application of such term or provision, to persons or circumstances other than those in respect of which is invalid or unenforceable) except those terms or provisions which are made subject to or conditioned upon such invalid or unenforceable term or provision, shall not be affected thereby, and each other term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 12. Execution Counterparts. This Agreement may be executed by the parties in any number of identical counterparts, each of which shall be considered as an original for all purposes, but this Agreement shall be responsible only if it is executed by all of the parties. IN WITNESS WHEREOF, the Grantor has executed this Easement Grant as of the day and year first above set forth. -3- 5 APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY, a Minnesota public body By: siir "�'�' /Severson Its:r'1'- sent By: M E. Mueller Its: C rk AP APPLE VALLEY LIMITED PARTNERSHIP, a Texas limited partnership By: ANTHONY PROPERTIES MANAGEMENT, INC., a Texas corporation Its: General Partner By: R. Jay Antho Its: President STATE OF MINNESOTA ) ) ss. COUNTY OF DAKOTA 77) 2 On thisday of /.�-C.ew J, 1997 before me a Notary Public within and for said County, personally appeared LARRY S. SEVERSON and MARY E. MUELLER, to me personally known, who being each by me duly sworn, each did say that they are respectively the President and Clerk of the Apple Valley Economic Development Authority, the Minnesota public body named in the foregoing instrument, and that said instrument was signed on behalf of said Minnesota public body by authority of its President and Clerk. /491,,Le<.,,a-tcmid Nota blic DARLENE A.fan r+orarnrusuc_M; ora �v MY COMMISSION EXPIRES -4- ` JANUARY 31,2000 STATE OF MI-NNESOTA ) ) ss. COUNTY OF 041/4-5 ) On this c9//t day of 712-tis -4.Q.c-- , 1997, before me a Notary Public within and for said County, personally appeared R. JAY ANTHONY to me personally known, who being by me duly sworn, did say that he is the President of Anthony Properties Management, Inc., a Texas corporation, the general partner of AP Apple Valley Limited Partnership, a Texas limited partnership named in the foregoing instrument, and that said instrument was signed on behalf of said partnership by said President and he acknowledged said instrument to be the free act and deed of the partnership. Notary Noll THIS INSTRUMENT DRAFTED BY: t MARY JOY BOBBITT ij Notary Pu61ic,State of Texas SEVERSON, SHELDON, DOUGHERTY ^' My Commission Expires /t8/00 & MOLENDA, P.A. 7300 West 147th Street, Suite 600 Apple Valley, MN 55124 (612) 432-3136 MGD/wkt (66-14803) -5- 1 EXHIBIT A Lots One (1) and Two (2), Block One (1), Carroll Center Fourth Addition, Dakota County, Minnesota. • EXHIBIT B Lot One (1), Block Two (2), Carroll Center Fourth Addition, Dakota County, Minnesota. SIGHT LINE EASEMENT EASEMENT DESCRIPTIONS EASEMENT FOR SIGHT LINE PRESERVATION: A triangular shaped parcel of land over that southerly part of Lot 1, Block 1, and that north central part of Lot 2, Block 1, both of Carroll Center Fourth Addition, Dakota County, Minnesota, described as follows : Commencing at the southwesterly corner of Lot 11, Block 1, Carroll Center. Fourth Addition, on file and of record at the Recorder's Office, Dakota County, Minnesota; thence due North along the west line of said lot a distance of 70. 00 feet; thence North 89 degrees 49 minutes 46 seconds East, parallel with the South line of said lot, a distance of 205. 00 feet. to the east line of said lot at a jogged corner thereof; thence continuing along the same bearing along the jogged lot line a distance of 15 . 00 feet the easternmost line of said lot; thence _. due South, parallel with the west line of said lot, a distance _ _ of 70 . 00 feet to the south line of said lot; thence South 89 ._ degrees 49 minutes 46 seconds West along the south line..of said lot a distance of 220 . 00 feet to the point of beginning at the southwest corner of said lot and there terminating; and Commencing at the northwesterly corner of Lot 2, Block 1, Carroll Center Fourth Addition, on file and of record at the Recorder's Office, Dakota County, Minnesota; thence due South along the west line ,of said lot a distance of 292 . 00 feet; thence Northeasterly on an assumed bearing of approximately North 57 degrees East a distance of approximately 405 feet to a point on the east line of said lot lying 417 . 00 : feetdistant from the northeast corner thereof; thence due North, along the east line of said lot, a distance of _134 . 00 feet; thence South 89 degrees 49 minutes 46 seconds West parallel with the north line of said lot a distance of- 120 . 00 feet to .theiwest line of said lot; thence due South along the west line of said lot a distance of 70. 00 feet to a lot corner of said lot; thence South 89 degrees 49 minutes 46 seconds West along the north line of said lot a distance of 220. 00 feet to. the point of beginning at the northwest corner of said lot and there terminating. EXHIBIT C j 1 OF 2 SIGHT LINE EASEMENT CARROLL CENTER FOURTH ADDITION 1 N 89'49'46' E 916.55 - - , 135:-00 5„. C- - 2e5-JU— — i d n o•tn f 1 Imr. x — I )LI I L_., i VTl\ �`_ - ry 1`II - i C ~ • c rIn 1 `2 'v I�1 89.49'46'E 205.00.! z `• ;1�' �I o !� I t :',;,` -- p6 ID _.._.. .I I N89'49'46'E ¢-flm c \`- y• c.S��9 p9,• ryI ni I l... $ . N d o N891120' m 1. . � l "' 'r� r�� _- F-205' -> 01 15co 44 m I— i I 95 .•.•.=: :" ::::::::"•:•'a,..-F _—.?^. w '^ C! .,,a Shy .. % -- a o . ....:.':....;.5.>;...i.:.`.r.'?.•.:i•.f•_:..•., .�.;r:{•:ta:[;::. ^ 40.00\r ` 3 'g4 % �: "i> f=:: 134 , .- S32.02 232E 3 •, 8 T s DRIVE n w W • `� r,, am {.;;;•}:<;•::•:i;: ; , ..L� -z •�; 9 •y1 e,E� _ \.__� a `iT.' W``^^ •• .....::::� , \-- Z . , i\ •`. •• C e.' 0), .�p9F- ,iPQ'o \ \ • ' u .:i 44.4-ve— — — \\' \ a dip tiO l c.il •CO 3C 0 ' -._ It, e 1 Z I \ W 1 \ \ :- `cfuu1 u 1 \ W ; ad m \ c .s \ N CD I L lit i 't l i 1 1 �y., ��. _. . I s J G32b2 F / �� • U ve V 36 35 - a 2 �0o ' FandI ZZ 65�c / ��" / . � N.S. o CCS-%.,y / .0 - .,,. e. co • 4 / C a WEST 245.35 --, - - va, 2-C-) / I . / C- ; .* I . ' .r' -DL L_ .- ^t .O 00 1..3 r. EXHIBIT C 2 OF 2 SIGHT LINE EASEMENT SIGHT LINE EASEMENT EASEMENT DESCRIPTIONS EASEMENT FOR SIGHT LINE PRESERVATION: A triangular shaped parcel of land over that southerly part . of Lot 1, Block 1, and that north central part of Lot 2, Block 1, both of Carroll Center FourthAddition, Dakota County, Minnesota, described as follows : Commencing at the southwesterly corner of Lot 1, Block 1, Carroll Center Fourth Addition, on file and of record at the Recorder's Office, Dakota County, Minnesota; thence due North along the west line of said lot a distance of 70. 00 feet; - --- thence North 89 degrees 49 minutes 46 seconds East, parallel with the South line of said lot, a distance of 205 . 00 feet to the east line of said lot at a jogged corner_. thereof; thence continuing along the same bearing along the jogged lot line a distance of 15 . 00 feet the easternmost line of said lot; thence due South, parallel with the west line of said lot, a distance of 70. 00 feet to the south line of said lot; thence South 89 degrees 49 minutes 46 seconds West along the south line of said lot a distance of 220 . 00 feet to the point of beginning at the southwest corner of said lot and there terminating; and Commencing at the northwesterly corner of Lot 2, Block 1, Carroll Center Fourth Addition, on file and of record at the - Recorder's Office, Dakota County, Minnesota; thence due South along the west line of said lot a distance of 64. 00 feet; thence North 89 degrees 49 minutes 46 seconds East, parallel with the north line of said lot, a distance of 340. 00 feet to the east line of said lot; thence due North, along the east line of said lot, a distance of 134 . 00 feet; thence South 89 degrees 49 minutes 46 seconds West parallel with the north line of said lot a distance of 120 . 00 feet.- to the west line of said -_ lot; thence due . South along the west line of said lot a distance of 70 . 00 feet toa -loEcorner of said lot; thence South 89 degrees 49 minutes 46 seconds West along the north line of said lot a distance of 220 . 00 feet to the point of - - - beginning at the northwest corner of said lot and there terminating. EXHIBIT ID 1 OF 2 SIGHT LINE EASEMENT CARROLL CENTER FOURTH ADDITION I N 89'49'46" E 916.55 ^ 135700 = 6ri43 S— — ?v5-70— -- - G5 - —•__ ' d I c n. a m x mI �- '� _i 1 L_.: i I__ _.:\ \, - = Q 2 O iN89'49'46'E 205.00; 2 . ;'., ' `- c - <<- ° 6 N89'49'46'E �1 mm' 2 \ - �50 Aa,.N 120' ,{ 1 N\K r> fir. ,� ` . y3 '4 d m N89` n .. �- ..' SI. & <-205 -> m 15,co 4 T > mat 31 is : ::;•::c'a?:i :r~ii :•:: gtt`: i:rr rri %\ , 70• $ ` E T•• 2• 2BA CC = n N c � � '• 9`- a :a:::::::si:E ::::: / i 532'02 2 3'E 0 64 ' . •• :i :i : 134 ' +� s °' ' \ /GARRETT � 'a 6. �— °RIVE \ aI F340' G \ _ 0 / ` oo q � � f \ y' 1 • N WQQ t 1 , '' � nJ NE ZS \ /' \u. 2 O' A -- .. IV N w \ N \S \\ %j I nil al toc $ \wm 0 .Wm.. IC C' tJ. \ I < 532'02 3233E _ ' v� _ `�` i w I 36.35F - �1 O /i _ _ .0 _ / �L o : 5y15 �1 �„ .. / \\ `, h,,y1, y / t / co c WEST 245.35 5 r do - , %Ln• '\. / ro o 00 '� / EXHIBIT D 2 OF 2 SIGHT LINE EASEMENT ilircc ti �� - �-I- 'U 0 cc o 0 TzO 00 GOF o. 0 W Q 0 = , tu jj It' W F F- l`!n CD P o kr I Wo2 Z pCO o i\ 68 � o m w Woo Q � -/ O Wta-U 1� erl Sj 1— Q OO Z m N Q CI 1}L7 V 3 ?'- 0 W V U ❑ O u. `r C) SIGNAGE AND ACCESS EASEMENT 1475682 THIS AGREEMENT, is entered into this 23rd day of December , 1997, by the Apple Valley Economic Development Authority, a Minnesota public body (hereinafter referred to as "Grantee") and AP Apple Valley Limited Partnership, a Texas limited partnership (hereinafter referred to as "Grantor"). WHEREAS, Grantor is the owner of that property located in Dakota County, Minnesota described on attached Exhibit "A" (the "Grantor's Property"); and WHEREAS, Grantee is the owner of that property located in Dakota County, Minnesota described on attached Exhibit "B" (the Grantee's Property); and WHEREAS the Grantee desires to use a portion of the Grantor's Property to construct and maintain a advertising sign for the benefit of the Grantee's Property; and WHEREAS, Grantor desires to grant the Grantee an easement for the placement of a sign and the providing of power and access to the sign so long as the obligation of maintenance and operation costs are agreed to between the parties. NOW, THEREFORE, in consideration of One Dollar and other good and valuable consideration, including the terms set forth herein, the sufficiency and receipt of which are hereby i _ acknowledged to by the parties, it is hereby agreed as follows: 1. Creation of Sign Access/Use Easement. Grantor hereby grants to Grantee a permanent exclusive easement for sign purposes over, under and across that portion of Grantor's Property shown on attached Exhibit "C" ("Easement Area"). 2. Use of Easement. Grantee shall have the right to use the Easement Area to construct and maintain a monument or pylon sign of the dimensions in Exhibit "D" attached hereto. Grantee's use shall include providing utility power service to the sign and access to repair, maintain or replace the sign. The sign shall be used to promote and advertise the use(s) located on the Grantee's Property. The sign shall meet all applicable governmental regulations. DATE RECEIVED)-?-9,P THOMAS V. NOVAK 0.J2. DAKOTA COUNTY TREASURER-AUDITOR 3. Construction/Maintenance Costs. The Grantee shall be responsible for constructing and maintaining the sign in a good condition and shall pay for all costs of said construction, maintenance, operation and repairs. 4. Limit of Obligation of Grantor. It is understood that the Grantor shall not be responsible or labile for the payment of any contractors nor for the payment of any liens or judgments which might accrue as a result of the sign's use, ownership or maintenance. The Grantee agrees to indemnify Grantor for all such costs, including reasonable attorney fees. 5. Utilities. The Grantee shall be responsible for the cost of utilities required for the operation of the Sign. A separate meter and timeclock for utilities servicing the sign shall be installed. 6. Quiet Enjoyment. The Grantor warrants that it has not granted any right to any third party which would interfere with the rights granted under this Agreement. Grantor agrees that so long as the Grantee performs all of the covenants contained herein, the Grantee shall have the peaceful and quiet enjoyment and use of the sign. 7. Default. Failure by any party to perform obligations within thirty (30) days after receipt of written notice of an alleged breach, shall be considered an event of default. Upon occurrence of an event of default, the nondefaulting party to this Agreement may declare the Agreement terminated or may commence an action in a court of competent jurisdiction to collect any sums due hereunder including the reasonable costs of such action and reasonable attorney fees. 8. Permits. Grantee shall, at its sole cost, maintain all necessary permits, licenses and other requirements pertaining to the continued use of the sign and shall provide evidence of the same upon request by Grantor. 9. Access. Grantor does hereby grant to the Grantee the right to enter the Grantor's Property in order to allow construction, maintenance and use of the sign as required under this Agreement. The Grantee's right of access shall include the Grantee's contractors, but shall not include the general public. 10. Authorization. By executing below, all of the parties warrant that they have taken sufficient action to make this Agreement a binding obligation upon the party, and they further warrant that the party executing this Agreement on behalf of the organization has the power to bind the organization to the terms of this Agreement. 11. Notices. All notices required or permitted to be given under this Lease shall be in writing and shall be deemed to be given upon obtaining a written acknowledgment of receipt when delivered in person to the party, or when deposited in the United States Mail in a sealed envelope with postage prepaid, addressed to the parties at the following address: -2- If to Grantor: Anthony Properties Management, Inc. Attn: Jay Anthony 12770 Coit Road, Suite 1170 Dallas, TX 75251 If to Grantee: Apple Valley Economic Development Authority Attn: John Gretz, Executive Director 14200 Cedar Avenue South Apple Valley, MN 55124 or addressed to any such party at such other address as such party shall hereafter furnish by written notice to the other party. 12. Indemnification. Grantee agrees to defend, indemnify and hold the Grantor harmless from any liability, claim, damages, costs,judgements or expenses, including reasonable attorney fees, resulting from Grantee's use of the Grantor's Property under this Agreement. 13. Whole Agreement. This Agreement embodies the entire Agreement between the parties including all prior understandings and agreements and may not be modified except in writing signed by all the parties. 14. Einding Contract. The easement created by this Agreement shall bind the Grantor and its successors and assigns and run with title to the properties described above. 15. Governing Law. This Agreement shall be construed under the laws of the State of Minnesota. 16. Severability. If any term or provision of this Agreement shall, to any extent, be invalid or unenforceable, the remainder of this Agreement (or the application of such term or provision, to persons or circumstances other than those in respect of which is invalid or unenforceable) except those terms or provisions which are made subject to or conditioned upon such invalid or unenforceable term or provision, shall not be affected thereby, and each other term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. 17. Execution Counterparts. this Agreement may be executed by the parties in any number of identical counterparts, each of which shall be considered as an original for all purposes, but this Agreement shall be responsible only if it is executed by all of the parties. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first set forth above. [NEXT PAGE IS SIGNATURE PAGE] -3- APPLE VALLEY ECONOMIC_ DEVELOPMENT AUTHORITY, a Minneso • .lie body "ft /fi By��r eRSeverson t 41, By: Mar 4„ . Mueller Its: Cl" AP APPLE VALLEY LIMITED PARTNERSHIP, a Texas limited partnership By: ANTHONY PROPERTIES MANAGEMENT, INC., a Texas corporation Its: General Partner By: R. Jay An Its: President -4- STATE OF MINNESOTA ) ) ss. COUNTY OF DAKOTA ) On thisre"day of J.teitt aer , 1997 before me a Notary Public within and for said County, personally appeared LARRY S. SEVERSON and MARY E. MUELLER, to me personally known, who being each by me duly sworn, each did say that they are respectively the President and Clerk of the Apple Valley Economic Development Authority, the Minnesota public body named in the foregoing instrument, and that said instrument was signed on behalf of said Minnesota public body by authority of its President and Clerk. /64-4-ee--..z....-Efr• ----, Notary Public Tfr-5(4-5 i DARLENE A.JENISON STATE OF MINN) SOTA ) 4)). Noroxva�ac—wxrx som S3. MYCOMMISSIONEXPIRES JANUARY 31,2000 COUNTY OF DF}&/ E}5 ) On this ;)A—day of )to- / , 1997, before me a Notary Public within and for said County, personally appeared R. JAY ANTHONY to me personally known, who being by me duly sworn, did say that he is the President of Anthony Properties Management, Inc., a Texas corporation, the general partner of AP Apple Valley Limited Partnership, a Texas limited partnership named in the foregoing instrument, and that said instrument was signed on behalf of said partnership by said President and he acknowledged said instrument to be the free act and deed of the partnership. /71 Notary THIS INSTRUMENT DRAFTED BY: C `. MARY JOY BOBBITT T< Notary Public, State of Texas SEVERSON, SHELDON, DOUGHERTY a,s, My Commission Expires 4/18/00 ' & MOLENDA, P.A. 7300 West 147th Street, Suite 600 Apple Valley, MN 55124 (612) 432-3136 MGD/wkt (66-14803) -5- EXI3IBIT A Lots One (1) and Two (2), Block One (1), Carroll Center Fourth Addition, Dakota County, Minnesota. EXHIBIT B Lot One (1), Block Two (2), Carroll Center Fourth Addition, Dakota County, Minnesota. SIGN AND ACCESS EASEMENT EASEMENT DESCRIPTIONS EASEMENT FOR SIGN INSTALLATION AND MAINTENANCE: A parcel of land forty-four feet (44 ' ) by forty-eight feet (48' ) in size lying over that southwesterly part of Lot 1, Block 1, and that northwesterly part of Lot 2, Block 1, both of Carroll Center Fourth Addition, Dakota County, Minnesota, described as follows : - Commencing at the southwesterly corner of Lot_. 1, Block 1, Carroll Center Fourth Addition, on file and of record at the Recorder ' s Office, Dakota County, Minnesota; thence due North along the west line of said lot a distance of 10. 00 feet; thence North 89 degrees 49 minutes 46 seconds East, parallel with the South line of said lot, a distance of 48 . 00 feet; thence due South, parallel with the west line of said lot, a distance of 10 . 00 feet to the south line of said lot; thence South 89 degrees 49 minutes 46 seconds West along the south line of said lot a distance of 48 . 00 feet to the point of beginning at the southwest corner of said lot and there _ __. - terminating; and Commencing at the northwesterly corner of Lot 2, Block 1, Carroll Center Fourth Addition; on file and of record at the Recorder ' s Office, Dakota County, Minnesota; thence due South along the west line of said lot a distance of 34 . 00 feet; thence North 89 degrees 49 minutes 46 seconds East, parallel with the north line of said lot, a distance of 48 . 00 feet; thence due North, parallel with the west line of said lot, a distance of 34 . 00 feet to the north line of said lot; thence South 89 degrees 49 minutes 46 seconds West along the north line of said lot a distance of 48 . 00 feet to the point of beginning at the northwest corner of said lot and there --- terminating. EASEMENT FOR SIGN ACCESS, MAINTENANCE, AND UTILITY.SERVICE: . A strip of land fifteen feet (15 ' ) in width over.. that northerly part of Lot 2, Block 2, Carroll 'Center Fourth Addition,Dakota County, Minnesota, lying seven and one half feet (7 1/2' ) on either side of the fallowing described line: Beginning at the northwesterly corner of Lot 2, Block 2, - - - - -" Carroll Center Fourth Addition, on file and of record at the Recorder ' s Office, Dakota County, Minnesota; thence due South along the west ,line of said lot a distance of 12. 00 feet to the point of beginning of the line to be described; thence North 89 _ degrees 49 minutes 46 seconds East, parallel with the north line of said lot, a distance of 340 . 00 feet to the east line of said lot and there terminating. EXHIBIT 1 1 OF 2 " SIGN AND ACCESS EASEMENT }� /1 s--, I J I _.__ -- 1 1 `.I I I • 1 1 135 . 00 — " ` EC . 04 '1 1 Q I O 1 0 • c in o I CO ro V i- I Z i 1 � � 89 ' 49 ' 46 " E 205 . 00_; °z : �� T ir N89 ' 49 ' 46 ' E 0 T 4 I _ N89°49:46 E Cr) �::_. -:. -- , n o 1 CD 15.00 _ dCC �_; i - in III ui I 85 i o I I i o � fT H- 1 d �48� � fi; \` ��1 1 I - (p t toe T' Y - CIS ii "' iiiiiE' 1i::-ci �y ,. , 34 ' ,, N 89°49 46 E o i cc I z lj ACCESS EASEMENT '' o 1 1-1SIGN EASEMENT LCJ 1 Hj U' ri 0 1 ft a 60 ,r v I o ' ( ' LU 1 1 I mrn 1 , , A \ -' �� / III (3 1 0 -1- \_) r N 11_ I -ITC 1 N` w . - — \ 1 EXHIBIT C 2 OF 2 SIGN AND ACCESS EASEMENT • EXHIBIT D MONUMENT/PYLON SIGN SIGN COPY ;AREA 110 ft2' Maximum height of sign above grade: Twenty-four feet (24') Maximum area of sign: One hundred ten square feet (110 ft2) -i 12/20/2024 Gaslight Drive Park & Ride Disclaim Interest in Easements Economic Development Authority May 23, 2024 Apple.. Valley 1 Location Map (15584 Gaslight Drive Ti_ aimmmars ",------,-......_....---,41 , rAPPIetVSat rn ; -- CARROLL CENTER FOURTH ADDITION.... It: -- :LI I *n64 11 15584 ,— Tr....rillf-1. IRO"' ' • 41 I3oi - WHITNEY DR ' --7..,,,..-t_..1 =31512, : 11119 kT eastot , ,t, °tat OT A il P.tle .,ro - ,,,,.i. : , tJ 4 I , 41'It zi 4 , , !i ; ,... , 0 i. .... .... 15635 %•-, 0,pecor ,:ii 4. r a, • , Z Decor I i.e,i'Zili,' :..... \ "I'' Ilk. Apple _ Valley .,. \ \ \.‘ 2 1 12/20/2024 Request Consider Disclaimer of Interest in Easements Red Robin 15560 Cedar Ave Floor and Decor (former movie theater) 15635 Gaslight Dr APpVaIley 3 Three Easements Reciprocal Cross Parking Easement Sight Line Easement Signage and Sign Access Easement APpVaIley 4 2 12/20/2024 Easements Sight Line Easement Signage and Sign Access i! qc — BIEECiez r I '''''' ' '''''' ''''' ''''' 1 t '�: s I ¢ iiiir L I -ram{ . • ,n'iFormer 4 - ,� r Park&Rde ht d �` :Al Gasll ht (r Ate' I 'tit { R° �I.' Park&Ride i cci.s l 'f rl.71 IL' „', iptil � � 3.1 Ac41' � � a,' � idPf ,� eeeeme t L , 04 j � � �� �Til/i � - ''�d'c941 # y � 'gyp« 1 , \7. v• � A E9n � ;�4iQlI, , ell'I . M} eP .. flflfl ,• a 1:' P' *� .t a P:', �F n u •'d r n Apple Valley Recommended Action Adopt Resolution Authorizing Execution of Disclaimer of Interest in Easements on Lot 1 , Block 1 , Carroll Center Fourth Addition (15560 Cedar Ave, Red Robin Property). Adopt Resolution Authorizing Execution of Disclaimer of Interest in Easements on Lot 2, Block 1 , Carroll Center Fourth Addition (15635 Gaslight Drive, Floor and Decor Property). AppValley 6 3 12/20/2024 QUESTIONS? APpVlalley 7 Sight Line Easement _. _ _ _ CARROLL CENTER FOURTH ADDITION CARROLL CENTER FOURTH.ADDITION $ :n-'-f.: ,, ' '1-.'' 0 " - - _ t„xxr : E M10,0 k � y °e^ dNen° / ;ice�' X`. \^�'\ 9 T. I i I V A - ';', I. aEs a goy i, D -_.. 2 OF 2 EXHIBIT C SIGHT LINE EASEMENT 2 OF 2 EXHIHI_ SIGHT LINE EASEMENT 8 4 12/20/2024 Signage and Sign Access Easement r,, d I 1 I Q 89°49'46°E 205.00 j ` N89 49'46 L I 0 g N69°4946E m -_ .00 E2 F aL 1 — '' w L, I 85 W o I- i a,f �1 1 :; N84°4946 E--a- -� I of •I EASEMENT 1 ACCESS SAE- �° I . . 1 ,,r-- _,.l °I,' W EXHIBIT C 2 OF 2 SIGN AND ACCESS EASEMENT 9 5 • ITEM: 4.B. • •• ••• ••• EDA MEETING DATE: May 23, 2024 Apple Valley SECTION: Regular Agenda Description: Convene into Closed Session to Discuss Potential Sale of EDA Owned Property- The Gaslight Site - 15584 Gaslight Drive Staff Contact: Department/ Division: Tim Benetti, Community Development Director Community Development Department ACTION REQUESTED: Convene in closed session, under exception to the open meeting law, to review and consider real property appraisal information related to EDA-owned lands identified as The Gaslight Site, located at 15584 Gaslight Drive. Staff also requests direction on how to proceed with any potential sale or development of this site. SUMMARY: On January 25, 2024, the Apple Valley Economic Development Authority (EDA) met to review and discuss the potential sale and development on the Gaslight Site. Planning staff presented a report indicating the City had received an unsolicited proposal from a local developer seeking to purchase this site for a high-density residential development, and staff requested the EDA provide direction on how to proceed with this request and potential sale. This site is legally owned by the EDA. The EDA directed the City Attorney to have a real property valuation (appraisal) completed on the subject site; and upon completion, have said appraisal brought back to the EDA for further consideration. The appraisal is complete, and staff requests the EDA meet in closed session during the regular session of the May 23rd EDA meeting, in order to review confidential or protected nonpublic appraisal data and information as outlined in Minnesota Statutes 13D.05, Subd. 3(c). BACKGROUND: The Gaslight Site consists of 3.1 acres; and is generally located at the SE corner of 155th Street and Gaslight Drive, and immediately south of the Apple Valley (MVTA) Transit Station/Parking Ramp. The site is guided "SIHD" (Suburban Intensive High Density Residential) and is situated in the PD- No. 507 District, Zone No. 2. The Gaslight Site was originally acquired by the EDA in 1997; and shortly thereafter around March 1999, the EDA and MVTA entered into a 90-year lease agreement ($1.00 annual rent), which allowed MVTA to improve and use the site for a mini-transit hub station and 364-space park-and-ride facility. Since the upgraded ramp improvement on the nearby Transit Station in 2020, and partly due to the residual effects of the pandemic, this park-and-ride has seen a significant drop in users and remains virtually empty or underutilized today. At this time, planning staff is working with MVTA and Metropolitan Council officials in releasing their interests in the property. This interest is not only related to the leasing-rights and arrangements between the City and MVTA, but also extends to earlier grant funds and financing that were received from the Met Council. The City Attorney has prepared quit- claim deeds for both agencies, and staff anticipates both groups will execute those deeds very soon. Planning staff is also working with the attorneys on the release of various agreements and easements that may impact the site, including a restrictive covenant agreement, off-premises sign and access easement, and a sight line easement, all of which were executed in or around the initial development of the park-and-ride facility. The EDA is being asked to authorize the release of this agreement and easements under separate action at the May 23rd meeting. BUDGET IMPACT: If the City Council elects to proceed with the sale of this property, the City will receive significant revenue proceeds from said sale; and the future (expected) development of the property will generate additional property tax revenue for the community. ATTACHMENTS: Location Map 15584 GASLIGHT DRIVE pow— •r-4 - halbr .s., —v•-••• Air. • '. Lirf i i L` ), 4� i �_ _' �, i'i . . . , 4 !, L L,' i i, r ,,. .__:,......1 , / . , 4 , ,,,f: s 'LRIIrSm^ Ali it 1W ,4 - it 1 IL ,- :Alba hilirli‘gli `� L k Ie71-'S9el'lA19l un 1 , itoai-4,m4.4.. .' . __ s 3 ., , i 1 • ;#.1- ,Ai6. 'w _.... UG`JU W\'JU .mnnrra..L " y.7 UC�'lUlnJ 401111 . 1 $:4-1? — li , k ..a"....J M� r; At a a re li , .! ter - , l►p : , . -. _ j 0104,.9_,,, otio . - s‘is-41+‘ : i ,'' ,• ly .� w mar y� C d14 , ..; , 1 _ ..,..‘, I. li. ,I i 1. , . 4, . . :, , Da4 tl v�PrLi 4 1 ,, , „.,.....,, , I Alit , . . — — z 1 1I1 Disclaimer:Map and parcel data are believed to be accurate,but accuracy is not guaranteed. Map Scale ; F, 4 This is not a legal document and should not be substituted for a title search,appraisal,survey,or 1 inch = 150 feet for zoning verification. 1/17/2024 12/20/2024 Discussion of Gaslight Site 15584 Gaslight Drive Economic Development Authority Meeting May 23, 2024 Apple lley 1 Information ii r ,ig I.:..4,1..4 ; „.,. ' , -..' Gaslight Site ,�; ,�=�e�°''mow, . 10ryll Mulei_ �.� a generally located SE corner of "' -'' '" 155th Street & Gaslight Drive; I ..1,,_,4 , i . l' _ � - South of the main MVTA Transit `n -1' _..- , I. '� Hub and parking ramp structure -- , ,t.:4 it `1i 3.1 acres �„ 'i • d • i "� 'L 4 'r Apple Site owned by the AV EDA y ' Valley 2 1 12/20/2024 • Guided "BIRD" ,� Suburban Intensive t _ s High-Density Res. INS z _ _ J SIHD allows 24-48 LD �;:� un./ac. LD o y�d Subject Site (3-ac. = 75-148 units) P w INS '%� 15584 Gaslight Dr. LD O MD .. PD-507, Zone No. 2. ( .. , a,k;a. LD MD + INMI S_.. a, _ W ,_„':.MD • Apartments 2+stories �r SIR► ' a 4 u.� are permitted use t- INS I HD HD 0 • � Q under the PD- �»� PM li MDD z F3 MD —LD AMP„ �nw N1A "`B'� 3- Apple y MD _1I I I y..,,m D . ii i i 3 Information imii--- .4. • 1997-Gaslight Site acquired by the EDA I • March 1999— EDA and MVTA entered into a 1`STATION - — 90-Yr. Lease Agreement(exp. Dec. 2088) /_ _ — • 364-space lot w/mini transit hub station ! _k� v��_,�sr „ • P&R lot was used extensively by number of local commuters until a new parking ramp 1 structure completed in 2009 (north of site) • Ramp expansion completed 2020 — — �_________ • Due to pandemic, site has seen a significant drop in riders or users from this site, and it remains virtually empty or under-utilized for this area. A"Pvalley 4 2 12/20/2024 EDA Options (01/25 Meeting) 1. Direct staff to have an appraisal performed on the subject property. 2. Upon completion of the appraisal: a. begin negotiations and work directly with the developer; b. direct staff to market and offer the land for sale on the local real estate market; review and present offers back to EDA c. direct staff to prepare and advertise for RFP's 3. Cease negotiations or contact with the proposed developer; maintain city ownership of the property; and continue to honor the obligations of the lease agreement with MVTA AppVlalley 5 Options to Consider Does the EDA wish to keep the land for future economic development needs that may benefit the community? OR Does the EDA wish to sell the property? If so, it may direct Staff to begin facilitating the process for the sale of the property. AND Does the EDA have any opinions regarding the current zoning uses for the site and any possible use changes? APPValley Questions for Staff? 6 3