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Home My WebLink About05/13/1993 ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota May 13, 1993 Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held May 13th, 1993, at 8 00 o'clock p m at Apple Valley City Hall PRESENT President Branning, Commissioners Erickson, Goodwin, Humphrey and Sterling ABSENT None City staff members present were City Administrator Melena, City Clerk Mueller, City Attorney Sheldon, Finance Director Ballenger, Personnel Director Boland, Parks & Recreation Director Johnson, City Planner Kelley, Assistant Public Works Director Miranowski, Police Chief Rivers, and Community Development Director Welsch President Branning called the meeting to order at 10 05 p m MOTION of Erickson, seconded by Sterling, approving the minutes of APR 22, 1993 the special meeting of April 22nd, 1993, as written Ayes - MINUTES 5 - Nays - 0 MOTION of Erickson, seconded by Goodwin, adopting Resolution No RES EDA-93-3 EDA-93-3 establishing a policy for retention of and CABLECAST duplicating procedures for meeting video tapes and MEETINGS authorizing cablecasting of meetings beginning with the meeting of May 13, 1993 MOTION of Humphrey, seconded by Branning, amending the foregoing AMEND MOTION motion by beginning cablecast of meetings effective with the next EDA meeting Ayes - 4 - Nays - 1 (Erickson) Vote was taken on the motion as amended Ayes - 5 - Nays - 0 Commissioner Goodwin said he is concerned about the business reten- BUSINESS tion portion of the Business Assistance Program He supports funding ASSISTANCE the incubator portion and would like to shift funds to encourage a PROGRAMS true business incubator program Commissioner Erickson said he is concerned about some of the details of the program, such as non-compete provisions Commissioner Sterling said she believes the business retention program should not be bringing in businesses from another community, but agrees with using it to help an existing business already here and trying to expand Commissioner Humphrey said he does not believe the competition issue is a legitimate argument against the program ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota May 13, 1993 Page 2 President Branning said he has worked hard to get businesses into the community and does not want to see them leave Other communities have programs to attract business and Apple Valley has to compete He suggested that applications for the business retention portion be looked at on a case-by-case basis rather than eliminating it MOTION of Goodwin, seconded by Erickson, amending the allocation of BUS ASSIST available funding in the policy for Business Assistance FUNDING Programs to provide 50 percent for Business Incubators, 30 ALLOCATION percent for Business Retention, that is expansion of busi- nesses already in the City, and 20 percent for Discretionary Attraction of Businesses Ayes - 5 - Nays - 0 Mr Melena said Community Action Council has finalized all of the CAC AGREEMENT documents, except one, to complete its agreement with the EDA It is & NEW APPS. now requesting final approval In addition three more applications for consideration have been submitted as attached to Mr Welsch's memo dated May 10, 1993 They are from Hitec Laboratories, Suburban Title and Sterling/ SunAmerica Securities MOTION of Erickson, seconded by Humphrey, approving the Agreement CAC ASSISTANCE with Community Action Council, Inc for business retention AGREEMENT rental assistance totaling approximately $70,000, over three years, for 10,000 square feet of space, and authorizing execution of the necessary documents Ayes - 3 - Nays - 1 (Goodwin) (Sterling Abstained) MOTION of Goodwin, seconded by Sterling, accepting the application, HITEC LAB dated April 8, 1993, of Hitec Laboratories USA, Inc for APPLICATION business incubator rental assistance totaling approximately $13,920, over three years, for 800 square feet of space, and directing the Attorney to prepare the necessary agreement Ayes - 5 - Nays - 0 MOTION of Humphrey, seconded by Sterling, accepting the SUBURBAN TITLE application, dated April 21, 1993, of Suburban Title, Inc APPLICATION for business retention rental assistance totaling approximately $17,500, over three years, for 1,000 square feet of space, and directing the Attorney to prepare the necessary agreement Ayes - 3 - Nays - 1 (Goodwin) (Erickson Abstained) MOTION of Humphrey, No Second, accepting the application, dated STERLING/ March 30, 1993, of Sterling/SunAmerica Securities, Inc for SUNAMERICA discretionary business attraction rental assistance, with APPLICATION the following change to the original application allowing for a total of approximately $9,680, over two years, for 1,100 square feet of space, and directing the Attorney to prepare the necessary agreement Motion failed for lack of a second ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota May 13, 1993 Page 3 The Board received a letter dated April 27, 1993, from James O'Meara, SOUTHPORT concerning the Ryan/Target Southport Centre replatting for Best Buy TIF AGREEMENT Store He indicates that no action is required of the EDA in connection with tax increment financing agreements on the property The Board received a letter dated April 27, 1993, from Metro East METRO EAST Development Partnership concerning membership renewals for the years RELATIONSHIPS 1994-1996 Mr Welsch reviewed a chart showing the relationship of Metro East, the Private Industry Council and Dakota County Economic Development Partnership. He noted the EDA is a member of each and Metro East works as a consultant with these groups MOTION of Sterling, seconded by Erickson, setting a special meeting SET SPECIAL on May 27th, 1993, at 8 00 p m at City Hall Ayes - S - MEETING Nays - 0 MOTION of Erickson, seconded by Sterling, to adjourn Ayes - 5 - Nays - 0 The meeting was adjourned at 10 47 o'clock p m