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HomeMy WebLinkAbout08/19/1993 ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota August 19, 1993 Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held August 19th, 1993, at 7 00 o'clock p m at Apple Valley City Hall PRESENT President Branning, Commissioners Erickson, Humphrey and Sterling ABSENT Commissioner Goodwin City staff members present were Executive Director Melena, Secretary Mueller, City Attorney Sheldon, Finance Director Ballenger, Public Works Director Gretz and City Planner Kelley President Branning called the meeting to order at 7 08 p m MOTION of Erickson, seconded by Sterling, approving the agenda for APPROVE AGENDA tonight's meeting as amended Ayes - 4 - Nays - 0 MOTION of Sterling, seconded by Humphrey, approving the minutes of JULY 22, 1993 the special meeting of July 22nd, 1993, as written Ayes - MINUTES 4-Nays -0 MOTION of Erickson, seconded by Sterling, accepting the MOH MONEY application, dated August 11, 1993, of Michael D Houy, BUSINESS ASST d/b/a MOH Money, for business incubator rental assistance APPLICATION totaling approximately $6,725, over three years, for 525 square feet of space, and directing the Attorney to prepare the necessary agreement Mr Houy was present and described his proposed new business which is a dealership for a message on hold network business started in Florida It attaches to a telephone system and allows businesses to give information while a caller is on hold Vote was taken on the motion Ayes - 4 - Nays - 0 MOTION of Humphrey, seconded by Erickson, approving the Agreement NEHEMIAH with Nehemiah Ministries, Inc for business retention and MINISTRIES expansion rental assistance totaling $40,267 00, over three AGREEMENT years, for 3,350 square feet of space, and authorizing execution of the documents Ayes - 4 - Nays - 0 MOTION of Humphrey, seconded by Erickson, approving the revised AMEND BUSINESS Business Rental Assistance application form, with amended ASSISTANCE language describing Existing Business Retention and APPLICATION Expansion as "For businesses new to Apple Valley or existing Apple Valley businesses retaining and creating new jobs Ayes - 4 - Nays - 0 ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota August 19, 1993 Page 2 MOTION of Humphrey, seconded by Sterling, approving the assistance/ ENDERES TOOLS incentive package offered to Enderes Tools Company, as ASSISTANCE/ described in the Executive Director's letter dated August INCENTIVE 19, 1993, for constructing a new building in the City OFFER consisting of a combination of tax increment financing, loans and equity, and rent reduction Ayes - 4 - Nays - 0 MOTION of Sterling, seconded by Erickson, setting the next Board SET NEXT meeting at 7 00 p m on September 9, 1993, at City Hall MEETING Ayes - 4 - Nays - 0 MOTION of Erickson, seconded by Humphrey, to adjourn Ayes - 4 - Nays - 0 The meeting was adjourned at 7 30 o'clock p m