HomeMy WebLinkAbout10/22/1992 ECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
October 22, 1992
Minutes of the special meeting of the Economic Development Authority of Apple
Valley, Dakota County, Minnesota, held October 22nd, 1992, at 8 00 o'clock p m
at Apple Valley City Hall
PRESENT President Holton, 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,
Public Works Director Gretz, Parks & Recreation Director Johnson, City Planner
Kelley, Police Chief Rivers, Assistant to City Administrator Weldon, and
Community Development Director Welsch
President Holton called the meeting to order at 10 00 p m
MOTION of Erickson, seconded by Sterling, approving the minutes of SEPT 24, 1992
the special meeting of September 24th, 1992, as written MINUTES
Ayes - 4 - Nays - 0 (Goodwin Abstained)
MOTION of Humphrey, seconded by Erickson, adopting Resolution No RES EDA-92-10
EDA-92-10 approving and authorizing execution of a Tax TIF SERIES B
Increment Pledge Agreement respecting payment of $1,820,000 PLEDGE AGREEMT
General Obligation Refunding Bonds of 1992, Series B, of the
City of Apple Valley Ayes - 5 - Nays - 0
MOTION of Erickson, seconded by Sterling, adopting Resolution No RES EDA-92-11
EDA-92-11 approving and authorizing execution of a Tax TIF SERIES C
Increment Pledge Agreement respecting payment of $360,000 PLEDGE AGREEMT
General Obligation Refunding Bonds of 1992, Series C, of the
City of Apple Valley Ayes - 5 - Nays - 0
MOTION of Sterling, seconded by Humphrey, to adjourn Ayes - S - Nays - 0
The meeting was adjourned at 10 02 o'clock p m