Loading...
HomeMy WebLinkAbout01/12/1995 • ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota January 12, 1995 Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held January 12th, 1995, at 6:30 o'clock p.m. at Apple Valley City Hall. PRESENT: Commissioners Erickson, Goodwin, Humphrey, and Sterling. • ABSENT: President Branning. Staff members present were: City Administrator Gretz, Secretary Mueller, City Attorney Sheldon, Finance Director Ballenger, City Engineer Gordon, Community Development Director Kelley, and Public Works Director Miranowski. Vice President Humphrey called the meeting to order at 6:30 p.m. MOTION: of Sterling, seconded by Goodwin, approving the agenda for APPROVE AGENDA tonight's meeting as amended. Ayes - 4 - Nays - 0. MOTION: of Sterling, seconded by Goodwin, approving the minutes of DEC. 8, 1994 the special meeting of December 8th, 1994, as written. Ayes MINUTES - 4 - Nays - O. • The Board received a letter dated January 4, 1995, from Shervoss SHERVOSS Company concerning development of the old Minnehaha Falls Nursery MINNEHAHA SITE site. The proposal, using tax increment financing, is for a 62 -room PROPOSAL hotel /conference center and one or two restaurants or a bank on the site. John Voss, representing Shervoss, was present and reviewed the preliminary proposal. One of the restaurants will be an Old Chicago Restaurant. Right turn access from Cedar Avenue would be at the north end of the property based on preliminary discussions with Dakota County. They will be requesting 95 percent of the tax increment. Mr. Gretz said this information is presented for comments only. Commissioner Sterling said she would like to see what a 62 -unit hotel would look like. Commissioner Erickson asked what the zoning is? Mr. Kelley said it is LB and the proposed uses would require rezoning. Mr. Gretz said the formal tax increment financing application will be accepted and additional information presented. The Board received a letter dated December 20, 1994, from the Sherman SHERMAN GROUP Group withdrawing its proposal for development of the Landmark Corner; WITHDRAWAL northeast of County Road 42 and Cedar Avenue. --- The Board received a letter dated January 4, 1995, from Del Einess and EINESS/ Ray Connelly Realty, Inc., proposing to purchase the Landmark Corner; CONNELLY northeast of County Road 42 and Cedar Avenue. Mr. Connelly was pre - LANDMARK CRNR sent and said they are offering $1,000 for a 60 -day option to purchase PROPOSAL • the site. They are proposing a 15,000 to 20,000 square -foot clinic on the site and will not be requesting tax increment financing assistance. Commissioner Erickson said he would be in favor of selling the site and getting out of the real estate business. ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley • Dakota County, Minnesota January 12, 1995 Page 2 Vice President Humphrey noted this was submitted for information at this time and not action. MOTION: of Goodwin, seconded by Sterling, tabling consideration of TABLE PURCHASE the Einess /Connelly purchase option until January 26, 1995. OPTION Ayes - 4 - Nays - 0. The Board received a letter dated January 9, 1995, from Edgebrook, EDGEBROOK Inc., proposing to develop the Landmark Corner site with two restaur- LANDMARK CRNR ants and an office /retail use on the interior property. They will be PROPOSAL requesting tax increment financing. Larry Mikan and Chris Oberlander, of Edgebrook, were present to describe the proposal. One restaurant will be a 5,800 square -foot Fuddrucker's and the other has not been determined. Ms. Oberlander reviewed the concept for a 40,000 square -foot office /showroom. The design is similar to one constructed in Eden Prairie and provides internal access for all deliveries. She noted they would be short of parking on the site and either the building would have to be modified or additional land acquired. Commissioner Erickson expressed concern about using tax increment financing for • an office /retail development. He agreed with the use for a hotel, but the premise was that it would not locate in the City without it. He asked for a comparison of the tax benefits of the proposal for a clinic and the restaurants. Commissioner Sterling said she had talked with Mr. Branning and he is not in favor of a Fuddruckers on the corner. She noted that use would require a rezoning by the Council which takes four votes. • Vice President Humphrey said these are proposals only at this time and require more information before considering further. Commissioner Goodwin said he would also like more information on the office /showroom concept. MOTION: of Goodwin, seconded by Erickson, approving a Loan Agreement PRINTING CTR. with The Printing Center and Karen Edgeton for improvements LOAN AGREEMENT to the building at 7570 West 147th Street, in the amount of $30,000, for a period of 10 years, at no interest, and authorizing the President and Secretary to sign the same. Ayes - 4 - Nays - 0. MOTION: of Goodwin, seconded by Erickson, setting the next meeting SET NEXT of the EDA for 7:00 p.m. on January 26, 1995. Ayes - 4 - MEETING Nays - O. MOTION: of Erickson, seconded by Goodwin, to adjourn. Ayes - 4 - Nays - 0. The meeting was adjourned at 7:35 o'clock p.m. 1 11 1 -