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HomeMy WebLinkAbout03/11/1993 ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota March 11, 1993 Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held March 11th, 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, Deputy City Clerk Gackstetter, City Attorney Dougherty, City Engineer Gordon, Finance Director Ballenger, Personnel Director Boland, Public Works Director Gretz, Parks & Recreation Director Johnson, City Planner Kelley, Police Chief Rivers, Assistant City Administrator Weldon, and Community Development Director Welsch President Branning called the meeting to order at 10 55 p m MOTION of Sterling, seconded by Goodwin, approving the minutes of FEB 25, 1993 the special meeting of February 25, 1993, as written MINUTES Ayes - 5 - Nays - 0 The Board received a revised agreement dated March 11, 1993, concern- RYDELL/A V ing transfer of rights under the Development Assistance Agreement FORD AGREEMENT between it and The Rydell Company Commissioner Erickson asked if AMENDMENT the requested name change, from The Rydell Company to Valley Apple Ford, Inc would increase the City's financial exposure under the Agreement? Mr Dougherty said it would not President Branning asked Mr Gordon to present to the EDA the City's recommendation for keeping 151st Street open Mr Gordon reviewed the plans President Branning asked the representatives of the Rydell Group to commit to working with the City in the future Mr Jon Hoganson, the attorney for The Rydell Group, explained the reason Rydell is requesting the name change He further stated that although Rydell will agree to work with the City towards such a plan, they believe they already have an approved development President Branning again stressed the importance of this issue and asked Rydell to commit to work together to resolve this issue Commissioner Erickson said he does not want this to turn into an adversarial relationship and hoped both sides can work together with an open mind Commissioner Sterling asked Rydell what percentage of total parking would be lost if Mr Gordon's plan were used and 50 parking spaces were removed? Mr Jim Price said it would be five percent, which is a significant amount and it is in the most expensive area ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota March 11, 1993 Page 2 MOTION of Erickson, seconded by Humphrey, approving the Agreement VALLEY APPLE concerning transfer of rights involved in the Development FORD NAME Assistance Agreement dated September 24, 1992, on Apple CHANGE Valley Ford Addition from The Rydell Company to Valley Apple Ford, Inc and authorizing the President and Secretary to sign the same Ayes - 5 - Nays - 0 Mr Welsch presented the EDA with the draft application form for the BUSINESS ASST Business Rental Assistance Program APPLICATION MOTION of Erickson, seconded by Humphrey, approving the draft BUSINESS application form for Business Rental Assistance as presented RENTAL ASSIST to the Economic Development Authority Ayes - 5 - Nays - 0 PROGRAM APP. Commissioner Sterling shared her concerns regarding the transfer of DISCUSSION OF documents between the City Council and the Economic Development RESPONSIBILITY Authority so that Apple Valley does not end up in the same situation as the lawsuit making the City of Minneapolis responsible for certain actions Mr Melena said the City is very careful about transferring documents and the city attorneys are also constantly watching for this MOTION of Sterling, seconded by Goodwin, to adjourn Ayes - 5 - Nays - 0 The meeting was adjourned at 11 25 o'clock p m