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HomeMy WebLinkAbout10/19/1984CITY OF APPLE VALLEY Dakota County, Minnesota October 19, 1984 Minutes of the special meeting of the City Council of Apple Valley, Dakota County, Minnesota, held October 19th, 1984, at 5:00 o'clock p.m. at the City Hall. PRESENT: Mayor Branning; Councilmembers Goodwin, Holton, Humphrey and Savanick; Clerk Asleson. ABSENT: None. Mayor Branning dalled the meeting to order at 5:05 p.m. Mayor Branning called the public hearing to order at 5:05 p.m. on the ap- PUBLIC HEARING plication of Apple Valley Commons, Inc., for $4,700,000 of industrial A.V. COMMONS development bond financing and noted receipt of the affidavit of publica- IDB FINANCING tion of the hearing notice. Mr. Asleson said a letter withdrawing the application was received October 18, 1984. Mayor Branding read the last paragraph of Mr. Asleson's letter of October 19, 1984, to Apple Valley Commons, Inc., concern- ing the withdrawal. John Natwick, representing Apple Valley Commons, thanked the Council for its consideration. The Mayor declared the hearing closed at 5:07 p.m. MOTION~ of Holton, seconded by Goodwin, accepting Apple Valley Commons, A.V. COMMONS Inc., letter of October 18, 1984, withdrawing its application WITHDRAWAL for industrial development bond financing. Ayes - 5 - Nays - 0. Mayor Branning called the public hearing to order at 5:08 p.m. on the ap- PUBLIC HEARING plication of Richfield Coin & Jewelry, Inc., doing business as Grosz and GROSZ-BRODERSON Broderson, Inc., for $4,700,000 of industrial development bond financing IDB FINANCING and noted receipt of the affidavit of publication of the hearing notice. Mr. Asleson reviewed the draft of the application to the Minnesota Energy and Economic Development Authority. The Mayor asked for questions or comments. John Natwick said he wished them success with the project. Diane Workman, a resident, asked what kind of financing is proposed and what the tie-in is with the City of Rochester? Mayor Branning said industrial development bonds are proposed. Mr. Asleson said the application is for preliminary approval now and after final approval is given, bonds are issued. The bonds use the City's name, but are not a repayment obligation of the City. A Joint Powers Agreement with the City of Rochester has been received allowing the City to use $1,600,000 of Rochester's entitlement allocation. No payment to Rochester is involved except payment of the one percent deposit to guarantee the funds. Ms. Workman asked how this ties in with the Star City Program and, with shifting of entitlements, who will know where funds are used? Mr. Asleson said the funds have to be used by the cities issuing the bonds for projects in the cities. Mr. Gretz said said it is not really part of the Star City Program, but is related as far as encouraging development in the City. Mr. Asleson noted the City has until October 31, 1984, to withdraw its request and receive a full refund of its deposit. There being no further questions, the hearing was declared closed at 5:24 p.m. Mr. Asleson noted the draft resolution should be amended to include the alternate name of "Grosz and Broderson, a Minnesota partnership", in section 1.4. MOTION: of Holton, seconded by Goodwin, adopting Resolution No. 1984- 179 giving preliminary approval to a project by Richfield Coin & Jewelry, doing business as Grosz and Broderson, under the RES. 1984-179 PRELIMINARY APPROVAL CITY OF APPLE VALLEY Dakota County, Minnesota October 19, 1984 Page 2 Minnesota Municipal Industrial Development Act, not to exceed $4,700,000, referring the proposal to the Minnesota Energy and Economic Development Authority for approval and authorizing preparation of necessary documents. Ayes - 5 - Nays - 0. GROSZ-BRODERSON PROJECT Mr. Asleson reviewed an agreement with Grosz and Broderson providing for a guarantee by them of the City's deposit with the State for industrial development bond Bunds. MOTION: of Goodwin, seconded by Holton, approving an agreement with Paul Grosz and Duane Broderson providing for guarantee and reimbursement of the City's $47,000 deposit for industrial development bond financing, and authorizing the Mayor and Clerk to sign the same. Ayes - 5 - Nays - 0. GROSZ-BRODERSON IDB AGREEMENT Jon Gurban reviewed specifications for tree trimming with the Council. A lump sum bid for 1,700 trees is proposed. MOTION: of Holton, seconded by Humphrey, adopting Resolution No. 1984- 180 approving specifications for tree trimming and authorizing advertisement for bids to be received at 2:00 p.m. on November 13, 1984. Ayes - 5 - Nays - 0. RES. 1984-180 TREE TRIMMING SPECS. & BIDS CLAIMS & BILLS MOTION: of Goodwin, seconded by Savanick, to pay the claims and bills, checks numbered 39867 through 39952, in the total amount of $873,461.32. Ayes - 5 - Nays - 0. MOTION: of Holton, seconded by Goodwin, to adjourn. Ayes - 5 - Nays - 0. The meeting was adjourned at 5:44 o'clock p.m.