Edina City Council — Transcript

Tuesday, November 19, 2024

Conversion of Marriott Residence Inn to Multifamily Housing

Cannabis Business Zoning and Registration

General Obligation Bond Sales

Tax Increment Financing (TIF) for 72nd and France

Votes (3)

3400 Edinburgh Way Site Plan and Variance

Oral testimony closed; written comments accepted until Nov 24; final action continued to Dec 3.

Dissent: Community members expressed concerns regarding tenant vetting and proximity to a Montessori school.

Moved by Member Jackson [1:01:45] · Seconded by Member Pierce [1:01:46]

The applicant argued that the 1990s-era building is ideal for adaptive reuse. Significant debate occurred regarding the lack of enclosed parking; the developer claimed adding a garage would cost $3.5 million and produce 1.5 million pounds of carbon, undermining the project's affordability and sustainability goals.

Cannabis Business Ordinance Amendments

Approved 1st Reading/Waived 2nd Reading (Amended to remove park buffers).

Dissent: None recorded, though Member Jackson explicitly advocated for maintaining daycare buffers.

Moved by Member Agnew [1:34:17] · Seconded by Member Pierce [1:34:18]

Staff presented updates on enforcement challenges, noting that municipal cannabis stores are not being pursued. Council discussed whether 'attractions' in public parks should trigger a 500-foot buffer, with staff noting such a requirement would be difficult to administer and map.

Sale of Series 2024B and 2024C General Obligation Bonds

Passed Unanimously (Resolutions 2024-100 and 2024-101).

Dissent: None.

Moved by Member Agnew [1:45:54] · Seconded by Member Pierce [1:45:55]

The city received 13 bids for the tax-exempt bonds, reflecting strong market interest due to the city's AAA credit rating. The Series 2024B bonds achieved a true interest cost of 3.78%.

Notable Quotes (3)

We like our sustainability of this project... it's adaptive reuse. We're keeping the building, we're not doing any tear down.

Patrick Jutton/Alpha Investment Group [33:31]
3400 Edinburgh Way Site Plan and Variance

It puts our law enforcement in a pretty difficult situation to enforce... the city of Adina's enforcement window is relatively small.

Kim Johnson/Assistant to the City Manager [1:13:58]
Cannabis Business Ordinance Amendments

I'm happy to say that they both affirmed the city's top-notch rating, the triple-A ratings... the highest possible ratings that are assigned to municipalities.

Nick Anhut/Ehlers [1:39:55]
Sale of Series 2024B and 2024C General Obligation Bonds

Ordinances & Resolutions (4)

Ordinance 2024-08Ordinance

Amending city code chapter 36 regarding zoning for cannabis businesses.

Resolution 2024-100Resolution

Awarding the sale of $29,535,000 in General Obligation Bond Series 2024B.

Resolution 2024-78Resolution

Establishing the 72nd and France No. 3 Tax Increment Financing District.

Greater Southdale PlanPlan

The guiding policy document used to evaluate the public benefit of the Macy's site redevelopment.

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