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HomeMy WebLinkAbout2025-11-13 EDA MinutesECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota November 13, 2025 Minutes of the Meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held November 13, 2025, at 6:30 p.m., at Apple Valley Municipal Center. PRESENT: President Tom Melander, Commissioners John Bergman, Ruth Grendahl, Lisa Hiebert, Clint Hooppaw, Jodi Kurtz, and Ken Johnson ABSENT: None City staff members present: City Administrator Lawell, Community Development Director Benetti, City Attorney Hills, and City Clerk Scipioni Approval of the Agenda President Melander asked staff if there were any changes to the agenda. Mr. Lawell stated there were no changes to the agenda. MOTION: of Kurtz, seconded by Grendahl, approving the agenda as presented. Ayes - 7 - Nays - 0. Consent Agenda MOTION: of Hooppaw, seconded by Bergman, approving the consent agenda. Ayes - 7 - Nays - 0. Consent Agenda Items A. Approve the minutes of the September 25, 2025, regular meeting Regular Business A. Resolution of Support for Allocation of Pooled TIF Funds to Real Estate Equities for the Proposed Valley Station Apartments Project Mr. Bennetti stated Real Estate Equities, LLC is purchasing a 3.1-acre EDA-owned site located at 15584 Gaslight Drive. On September 25, 2025, the Developer received approval to construct a new 144-unit multifamily development, with approximately 90% of units affordable to households earning at or below 60% of Area Median Income. There is a funding gap for the project the developer is working on closing.