HomeMy WebLinkAbout07/26/2018 EDA MeetingECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
July 26, 2018
Minutes of the regular meeting of the Economic Development Authority of Apple Valley, Dakota
County, Minnesota, held July 26, 2018, at 6:00 p.m., at Apple Valley Municipal Center.
PRESENT: Commissioners Bergman, Goodwin, Grendahl, Hamann -Roland, Hooppaw and
Johnson
ABSENT: Commissioner Melander
City staff members present were: Executive Director Tom Lawell, Community Development
Director Bruce Nordquist, Finance Director Ron Hedberg, Planner/Economic Development
Specialist Alex Sharpe and Department and Assistant Joan Murphy.
Meeting was called to order at 6:00 p.m. by President Hooppaw.
APPROVAL OF AGENDA
MOTION: of Hamann -Roland, seconded by Grendahl, approving the agenda. Ayes - 6 - Nays - 0.
CONSENT AGENDA
MOTION: of Bergman, seconded by Johnson, approving the minutes of the meeting of May 24,
2018, as written. Ayes - 6 - Nays - 0.
AMEND 2018 EDA BUDGET
Community Development Director Bruce Nordquist introduced the item and stated staff is
recommending that the 2018 budget be amended to provide for a transfer of $36,000 to the
Education Building Fund to be used for the installation of statuary at that site.
The operating budget is approved each year by the Apple Valley Economic Development Authority
(EDA) and by the City Council in their annual budget. Periodically it is necessary to amend the
budget as plans change and new development initiatives arise.
The EDA budget reserves would be impacted by $36,000, the cost for installation.
Discussion followed.
MOTION: of Hamann -Roland, seconded by Grendahl, adopting Resolution EDA 2018-03
amending the 2018 EDA Budget. Ayes - 6 - Nays - 0.
APPROVE PRELIMINARY 2019 EDA BUDGET
Finance Director Ron Hedberg stated the proposed 2019 budget, approved by the City Council in
their annual budget, includes the Economic Development Operations Fund. The proposed budget
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
July 26, 2018
Page 2
includes the anticipated activities in 2019. If the need arises to address development opportunities,
such as Business Retention, Expansion and Attraction (BREA) activities, future action would be
requested to address the need.
Possible activity areas in 2019 and 2020 include:
• Anticipate trade/business development mission of a national and global destination as they
present themselves.
• Continue as a member of GREATER MSP, the regional economic development
organization with national and global contacts for local business development.
• Continue the "Open to Business" small business development service with the Dakota
County CDA and Metropolitan Consortium of Community Developers.
• Begin the master planning of the Mixed Business Campus (MBC) with the identified
developer, Rockport LLC.
• Facilitate repositioning and improvement of properties within the quadrants of CR42 and
Cedar Avenue.
• Manage City/EDA owned property until development.
• With a fully occupied and updated old City Hall in 2017 and 2018, apply a portion of lease
revenues toward EDA business development initiatives.
With a fully occupied and updated old City Hall in 2018, a portion of lease revenues will be applied
as a management fee to benefit EDA business development initiatives. The projected 2019 year-end
fund balance is $140,562, or $104,562 if the 2018 budget is amended as proposed.
Discussion followed.
MOTION: of Bergman, seconded by Goodwin, adopting Resolution EDA 2018-04 approving
preliminary 2019 EDA Budget. Ayes - 6 - Nays - 0.
ADJOURNMENT
MOTION: of Hamann -Roland, seconded by Grendahl, to adjourn. Ayes - 6 - Nays - 0.
The meeting was adjourned at 6:30 p.m.
Respectfully Submitted,
Approved by the Apple Valley Ec no
Development Authority on
Cli t Hooppaw, President