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Home My WebLink About01-23-25 EDA Packet M eeting L ocation: M unicipal Center 7100 147th Street West Apple Valley, M innesota 55124 January 23, 2025 EC O N O MIC D EVELO P MEN T A UT HO RIT Y REG ULA R MEET IN G T EN TAT IVE A G EN D A 6:30 P M 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 October 24, 2024, Special Meeting 4.Regular Agenda Items A.Resolution Approving 2025 Board Officers for the Apple Valley Economic Development Authority B.Adopt Resolution Approving 2025 ED A Budget 5.Staff Updates 6.Adjourn Regular meetings are broadcast, live, on C harter C ommunications C able C hannel 180 and on the C ity's website at www.applevalleymn.gov I T E M: 3.A. E D A ME E T I NG D AT E :J anuary 23, 2025 S E C T I O N:Consent A genda Description: A pprove Minutes of October 24, 2024, S pecial Meeting S taff Contact: B reanna Vincent, Planning Department Assistant Department / Division: Community Development Department AC T I O N RE Q UE S T E D: Approve minutes of special meeting of October 24, 2024. S UM M ARY: T he minutes of the special Economic Development A uthority meeting are attached for your review and approval. B AC K G RO UND: State statute requires the creation and preservation of meeting minutes which document the official actions and proceedings of public governing bodies. B UD G E T I M PAC T: N/A AT TAC HM E NT S : Minutes ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota October 24, 2024 Minutes of the Special Meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held October 24, 2024, at 6:30 p.m., at Apple Valley Municipal Center. PRESENT: President Tom Melander, Commissioners Clint Hooppaw, Tom Goodwin, John Bergman, Ruth Grendahl, Jodi Kurtz, and Ken Johnson ABSENT: none City staff members present: City Administrator Tom Lawell, Finance Director Ron Hedberg, Community Development Director Tim Benetti, Planning/Economic Development Specialist Alex Sharpe, City Attorney Bob Bauer, and Department Assistant Breanna Vincent APPROVAL OF AGENDA President Melander asked staff if there were any changes to the agenda. – None. MOTION: of Hooppaw, seconded by Goodwin, approving the agenda. Ayes – 7 - Nays - 0. CONSENT AGENDA MOTION: of Hooppaw, seconded by Goodwin, approving the minutes of the regular meeting on July 25, 2024 and the 2025 Meeting Calendar. Ayes – 7 – Nays – 0. REGULAR AGENDA A.Consider and Approve the Sale and Purchase Agreement Between Apple Valley Economic Development Authority (EDA) and Real Estate Equities, LLC for the Gaslight Site – 15584 Gaslight Drive MOTION: by Goodwin, seconded by Hooppaw to approve the sale and purchase agreement between the EDA and Real Estate Equities, LLC for the Gaslight Site – 15584 Gaslight Drive. STAFF UPDATES None ADJOURNMENT Economic Development Authority City of Apple Valley Dakota County, Minnesota October 24, 2024 Page 2 MOTION: by Grendahl, seconded by Bergman, to adjourn at 6:34 p.m. Respectfully Submitted, Breanna Vincent, Department Assistant Approved by the Apple Valley Economic Development Authority on January 23, 2025 Thomas O. Melander, President I T E M: 4.A. E D A ME E T I NG D AT E :J anuary 23, 2025 S E C T I O N:Regular A genda Description: Resolution Approving 2025 B oard Officers for the Apple Valley E conomic Development Authority S taff Contact: B reanna Vincent, Department Assistant Department / Division: Community Development Department AC T I O N RE Q UE S T E D: Motion adopting the resolution appointing 2025 officers of the Economic Development Authority. S UM M ARY: T he resolution organizing the Economic Development Authority provides that the offices of President, Vice President, and Treasurer be elected annually. T he appointments remain in effect until the Board elects new officers. At the meeting of the Economic Development Authority held on J anuary 25, 2024, the following officers were appointed: President: T homas Melander Vice-President: Ruth Grendahl Secretary: Pamela J . Gackstetter Treasurer: J ohn Bergman Assistant Treasurer: Pamela J . Gackstetter As of J uly 8, 2024, C hristina Scipioni was hired as the new C ity Clerk and assumed the role of Secretary and Assistant Treasurer with the Economic Development Authority. A draft resolution is attached, with blanks to be completed, that can be adopted to appoint the 2025 officers. B AC K G RO UND: N/A B UD G E T I M PAC T: N/A AT TAC HM E NT S : Resolution APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. EDA-25-01 A RESOLUTION APPOINTING 2025 OFFICERS FOR THE APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, the Board of the Commissioners of the Apple Valley Economic Development Authority has heretofore adopted Resolution No. EDA-90-1 which provided for initial organization of the Board and adoption of Bylaws; and WHEREAS, said Resolution specifies that the offices of President, Secretary, and Treasurer shall be elected annually, as required by law; and. WHEREAS, said officers were hereby appointed on January 23, 2025; and NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Apple Valley Economic Development Authority that it hereby appoints and approves the following officers of the EDA for 2025: President ______________________________ Vice-President ______________________________ Secretary Christina M. Scipioni Treasurer ______________________________ Assistant Treasurer Christina M. Scipioni ADOPTED this 23rd day of January 2025. ___________________________, President ATTEST: Christina M. Scipioni, Secretary I T E M: 4.B. E D A ME E T I NG D AT E :J anuary 23, 2025 S E C T I O N:Regular A genda Description: A dopt Resolution A pproving 2025 E D A B udget S taff Contact: Tim Benetti, Community Development Director Department / Division: Community Development Department AC T I O N RE Q UE S T E D: Adopt resolution approving 2025 ED A budget. S UM M ARY: T he C ity Council's proposed 2025 budget includes the Economic Development Operations Fund to support the ED A's strategic initiatives. T his budget incorporates anticipated activities for the year, with provisions for additional action if new development opportunities, such as Business Retention, Expansion, and Attraction (BREA) activities, arise. Enclosed are budget excerpts related to this fund and its utilization by the ED A. B AC K G RO UND: P rimary Uses of the Economic Dev elopment Operations F und 1. Open to B usiness P rogram: T he C ity partners with Dakota C ounty and participating cities in the "Open to Business" program. T his initiative supports small businesses through counseling services in business planning, marketing, and operational strategies. It often combines microgrant start-up financing with local lender resources to facilitate growth. For 2025, the recommended contribution from the Apple Valley ED A is $9,050. 2. Greater MS P P artnership: T he ED A collaborates with Dakota County and other cities to attract businesses and workers regionally, nationally, and globally. Greater MS P serves as the visible regional economic development authority. For 2025, the recommended contribution to this program is $12,000. Regional E conomic Dev elopment Highlights As a regional economic development organization, Greater MSP markets the Twin Cities and greater Minnesota globally. In 2023, the Twin C ities received a federal "Tech Hub" designation, focused on medical technology manufacturing. T his designation, awarded to only 31 regions nationwide, opens eligibility for $10 billion in federal funding. T he C ity’s 2040 Comprehensive Plan prioritizes medical manufacturing and light industrial uses in the reclaimed sand and gravel mining area, aligning with this opportunity. In 2024, the Department of Employment and Economic Development (D EED) and Greater MSP continued issuing project alerts for large-scale development opportunities. T hese projects often involve significant capital expenditures and land demands. Apple Valley considered several large-scale and heavy industrial development proposals but elected not to submit on these proposals. In 2024, the ED A Board gave permission to market and solicit proposals on the ED A owned land locally identified as T he Gaslight Site. T his 3.1-acre site was deemed no longer viable as mini-transit station and park-and ride site (by Metropolitan C ouncil and MVTA), and the ED A later selected and approved a purchase agreement with Real Estate Equities to develop a new 148-unit workforce apartment on this site. Key focus areas for 2025 include: Master P lanning: C ontinue developing the Mixed Business C ampus (MBC ) with Rockport LLC. Site Selection Responses: Collaborate with D EED and Greater MSP to attract business opportunities. Job Creation: Support job growth through commercial, industrial, and housing developments. Business Assistance: Maintain the "Open to Business" services with Dakota County C D A. Regional Collaboration: Continue participation in Greater MSP to enhance national and global business development efforts. P roperty I mprov ements: Facilitate enhancements in select areas around C R42 and Cedar Avenue. B UD G E T I M PAC T: T he proposed 2025 ED A budget totals $21,740, with funding allocated as follows: $9,050 for the "Open to Business" program $12,000 for Greater MSP partnership efforts $690 for city staff salaries (ED A activities ) T he resolution seeks approval of these expenditures to support the C ity’s ongoing economic development initiatives. AT TAC HM E NT S : Resolution Budget CITY OF APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. EDA 25-02 RESOLUTION APPROVING 2025 PROPOSED BUDGET WHEREAS, the Apple Valley Economic Development Authority has reviewed the proposed 2025 operating budget set forth in this resolution; and WHEREAS, the Economic Development Authority desires to adopt an operating budget for management purposes; and NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Apple Valley Economic Development Authority, Minnesota, that revenue and expenditure budgets for 2025 shall be as included below in this resolution and as supported by the detailed document, as revised. 2025 Revenues: Investment Earnings $24,000 Total Revenues $24,000 Expenditures: Wages & Benefits $690 Consultant Services $9,050 Dues & Subscriptions $12,000 Total Expenditures $21,740 ADOPTED this 23rd day of January, 2025, by the Apple Valley Economic Development Authority Board of Commissioners. Thomas O. Melander, President ATTEST: Christina M. Scipioni, Secretary