HomeMy WebLinkAbout03/08/1990 • ECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
March 8, 1990
Minutes of the regular meeting of the Economic Development Authority of Apple Valley,
Dakota County, Minnesota, held March 8th, 1990, at 8:00 o'clock p.m. at Apple Valley
City Hall.
PRESENT: President Branning; Commissioners Goodwin, Holton, Humphrey and Savanick.
ABSENT: None.
City staff members present were: City Administrator Melena, City Clerk Mueller,
City Attorney Sheldon, Public Works Director Gretz, Parks & Recreation Director
Johnson, City Planner Kelley, Police Chief Rivers, Assistant to Administrator
Weldon and Community Development Director Welsch.
Mayor Branning called the meeting to order at 8:15 p.m.
MOTION: of Humphrey, seconded by Holton, adopting Resolution No. EDA- RES. EDA -90 -5
90 -5 approving and authorizing the execution of a certain VENSTAR 9 NAME
agreement between the EDA /City, VenStar Corporation and CHANGE & CERTIFY
VenStar Partners I concerning transfer of the development COMPLETION
project on Lot 2, Block 1 North Star Industrial Park, and
• receiving documentation of site improvement and soil
correction costs in the amount of $172,117.00. Ayes - 5 -
Nays - 0.
The Board received Mr. Melena's memo dated March 5, 1990, concerning TIF LEGISLATION
legislation on proposed tax increment financing amendments. He re- AMENDMENTS
viewed highlights of the legislation and noted it would be so
restrictive on the use of tax increment financing that it would have
the effect of repealing almost all of the Law.
MOTION: of Holton, seconded by Goodwin, to adjourn. Ayes - 5 - Nays - 0.
The meeting was adjourned at 8:21 o'clock p.m.
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