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Home My WebLink About07/09/1992 ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota July 9, 1992 Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held July 9th, 1992, at 8:00 o'clock p.m. at Apple Valley City Hall. PRESENT: Commissioners Erickson, Goodwin, Humphrey and Sterling. ABSENT: President Holton. City staff members present were: City Administrator Melena, City Clerk Mueller, City Attorney Sheldon, Administrative Intern Bail, Finance Director Ballenger, Personnel Director Boland, Public Works Director Gretz, City Planner Kelley, and Community Development Director Welsch. Commissioner Goodwin called the meeting to order at 9:29 p.m. MOTION: of Erickson, seconded by Humphrey, approving the minutes of JUNE 25, 1992 the special meeting of June 25th, 1992, as written. Ayes MINUTES 4 Nays 0. Mr. Melena reviewed the City Planner's memo dated July 9, 1992, con- NF PERKINS cerning the application of NF Perkins Associates, Inc., for a RLF APPLICATN. Revolving Loan Fund loan of $50,000.00. The purpose of the application is to assist in the acquisition of an office condominium at 7570 West 147th Street. The total cost of the acquisition is $208,800.00 plus closing and environmental assessment costs. The proposed loan represents 24 percent of the total which is under the maximum of 40 percent. Staff recommends approval of the resolution of support. Councilmember Sterling asked whether the jobs being added are fulltime or parttime? Mr. Melena said the application indicates one fulltime position being added and, with the parttime positions listed, would meet the minimum requirement of five jobs. Councilmember Humphrey said he would like clarification of whether these are year around jobs or temporary during tax season. MOTION: of Humphrey, seconded by Erickson, tabling consideration of TABLE PERKINS NF Perkins Associates, Inc., Revolving Loan Fund applica- RLF APPLICATN. tion for additional information on number of jobs being created. Ayes 4 Nays 0. MOTION: of Sterling, seconded by Erickson, setting a special meeting SET SPECIAL at 8:00 p.m. on July 23, 1992, to consider a tax increment MEETING financing agreement for Apple Valley Ford Addition and such other business as may come before the Board. Ayes 4 Nays 0. MOTION: of Erickson, seconded by Sterling, to adjourn. Ayes 4 Nays 0. The meeting was adjourned at 9:36 o'clock p.m.