HomeMy WebLinkAbout04/09/1992 1110 ECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
April 9, 1992
Minutes of the special meeting of the Economic Development Authority of Apple
Valley, Dakota County, Minnesota, held April 9th, 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,
Police Captain Cook, Police Captain Erickson, Public Works Director, Gretz, Parks
& Recreation Director Johnson, City Planner Kelley, Assistant to Administrator
Weldon and Community Development Director Welsch.
President Holton called the meeting to order at 8:59 p.m.
MOTION: of Erickson, seconded by Goodwin, approving the minutes of MARCH 26, 1992
the special meeting of March 26th, 1992, as written. Ayes - MINUTES
5 - Nays - 0.
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Mr. Melena said he has received a counteroffer from Pannekoeken Huis SKIPPER'S
Restaurants to sell the property on the northeast corner of Cedar SITE
Cedar Avenue and County Road 42. They will accept $300,000 plus ACQUISITION
approximately $12,000 for back taxes, but want 1992 taxes taken care
of also; approximately $4,600 for the first quarter.
MOTION: of Humphrey, seconded by Goodwin, accepting the counteroffer ACCEPT OFFER
to sell the Skipper's site land and east parcel (Lot 1, TO SELL
Block 1, Apple Valley Commercial Addition) to the EDA for SKIPPER'S SITE
$300,000 plus back taxes of approximately $12,000 and first
quarter 1992 taxes of approximately $4,600.
Mr. Melena said an analysis of the tax increment financing district indicates
there are funds for this purchase and the previously acquired lease on the
Skipper's site, but that will use all available funds. Any other projects will
have to generate enough cash to pay for themselves and stand on their own.
Internal cash flow will be able to finance this purchase, but nothing else.
Vote was taken on the motion. Ayes - 5 - Nays - 0.
MOTION: of Erickson, seconded by Goodwin, to adjourn. Ayes - 5 - Nays - 0.
The meeting was adjourned at 8:56 o'clock p.m.
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