HomeMy WebLinkAbout04/09/2015 MeetingECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
April 9, 2015
Minutes of the meeting of the Economic Development Authority of Apple Valley, Dakota County,
Minnesota, held April 9, 2015, at 7:00 p.m., at Apple Valley Municipal Center.
PRESENT: Commissioners Goodwin, Bergman, Grendahl, Hamann-Roland, Hooppaw,
Maguire and Melander.
ABSENT: None
City staff members present were: Executive Director Tom Lawell, City Attorney Michael
Dougherty, Community Development Director Bruce Nordquist, Finance Director Ron Hedberg,
Planner Kathy Bodmer, Planner Margaret Dykes and Department Assistant Joan Murphy.
Meeting was called to order at 8:15 p.m. by President Goodwin.
APPROVAL OF AGENDA
MOTION: of Hamann-Roland, seconded by Hooppaw, approving the agenda. Ayes - 7 - Nays
- 0.
APPROVAL OF MINUTES
MOTION: of Grendahl, seconded by Bergman, approving the minutes of the meeting of
March 26, 2015, as written. Ayes - 6 - Nays — 0. Abstained — 1 (Goodwin)
CONSENT AGENDA
MOTION: of Hamann-Roland, seconded by Hooppaw, approving Partial Release of Signage
and Access Easement on the western fifteen feet (15') of Lot 2, Block 1,
CARROLL CENTER 4TH ADDITION (Carmike Theater Property). Ayes - 7 -
Nays — 0.
UPONOR ANNEX EXPANSION
Planner Margaret Dykes introduced the item and stated it was previously presented and discussed
at the City Council meeting prior to tonight's EDA meeting.
Finance Director Ron Hedberg stated a public hearing was scheduled to consider a modification to
the Master Development Program and the establishment of Tax Increment Financing District No.
16 to address a new project and the provision of a business subsidy. Prior to the establishment of
any new Tax Increment Financing (TIF) it is necessary to amend the Master Development District
to include the TIF plan for the new district.
The City and EDA have received a request for financial assistance from Uponor NA Asset
Leasing Inc. to assist in the expansion of their annex facility located at 148th Street and Everest
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
April 9, 2015
Page 2
Avenue near the current company headquarters. One of the pieces of the assistance being
considered is in the form of a pay as you go Economic Development TIF District.
The project includes the renovation and expansion of Uponor's existing 36,000 square annex
facility to create an approximately 86,000 square foot office and manufacturing facility consisting
of approximately 6,000 square feet of office space and approximately 80,000 square feet of
manufacturing space.
The total development costs are estimated to be $12,300,000 on the site. The assistance request is
to offset a portion of the development cost.
President Goodwin opened the public hearing at 8:19 p.m.
President Goodwin closed the public hearing at 8:20 p.m.
MOTION: of Grendahl, seconded by Bergman, adopting Resolution No. EDA-06 approving
Amendments to Master Development Program, the Establishment of Tax Increment
Financing District No. 16 and approving the Tax Increment Financing Plan therefor
and approving Business Subsidy. Ayes - 7 - Nays - 0.
To assist with the expansion, Uponor has requested assistance from the State of Minnesota as well
as the City. The State has made available up to $1,500,000 through the Minnesota Investment
Fund and the Job Creation Fund programs. Uponor has requested $800,000 in assistance from the
Apple Valley Economic Development Authority ("EDA"), and approximately $504,000 in Tax
Increment Financing, which would be used to offset costs for expansion of the subject building.
The $1,304,000 contribution by the EDA is approximately 11% of the total project costs.
President Goodwin opened the public hearing at 8:20 p.m.
President Goodwin closed the public hearing at 8:21 p.m.
MOTION: of Hamann-Roland, seconded by Melander, adopting Resolution No. EDA-07
approving Business Subsidy Agreement between the Apple Valley Economic
Development Authority and Uponor, Inc to provide up to $800,000 for substantial
renovation and construction costs for an 86,000 sq. ft. manufacturing facility at
14800 Everest Avenue. Ayes - 7 - Nays - 0.
6. OTHER
NONE
7. STAFF UPDATES
NONE
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
April 9, 2015
Page 3
ADJOURNMENT
MOTION: of Hooppaw, seconded by Grendahl, to adjourn. Ayes - 7 - Nays - 0.
The meeting was adjourned at 8:22 p.m.
Respectfully Submitted,
n Murphy, Departnent As
Approved by the Apple Valley Economic Development Authority on