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HomeMy WebLinkAbout07/25/2019 EDA MeetingECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota July 25, 2019 Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held July 25, 2019, at 6:30 p.m., at Apple Valley Municipal Center. PRESENT: Commissioners Bergman, Goodwin, Grendahl, Hamann -Roland, Hooppaw, Johnson and Melander. ABSENT: 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 Assistant Joan Murphy. Meeting was called to order at 6:30 p.m. by President Hooppaw. APPROVAL OF AGENDA MOTION: of Hamann -Roland, seconded by Grendahl, approving the agenda. Ayes - 7 - Nays - 0. CONSENT AGENDA MOTION: of Grendahl, seconded by Bergman, approving the minutes of the meeting of May 9, 2019, as written. Ayes - 7 - Nays - 0. REDEVELOPMENT FUNDING APPLICATIONS Community Development Director Bruce Nordquist stated staff seeks authorization to submit applications for redevelopment funds which are due or available on August 1, 2019. Staff became aware of these resources in early July as changes to each program were announced. The Department of Employment and Economic Development (DEED), has a Redevelopment Grant and Loan program for sites which require remediation. The program's focus has slightly changed to allow for site which require soil correction and stabilization. This change allows staff to pursue funds for the site known as the Scannell property. The site has buried concrete debris which require soil stabilization prior to construction. This limitation has caused the site to remain undeveloped, which staff is seeking to remedy through a redevelopment program application. The Dakota County Community Development Agency (CDA) has funded the Redevelopment Incentive Grant (RIG) program for many years, and the City has been the recipient of these funds for several projects. Examples include the public parking lot in Central Village and the street signals at 147th and Johnny Cake Ridge Road. The RIG program has been amended this year and allows year round application, with the application released August 1, 2019 and accepted monthly. Changes include the focus on improvements to site infrastructure and land acquisition. The redevelopment of Time Square has been impacted by large infrastructure improvements including storm water. The application would seek to assist with correction of storm water activities and/or acquisition of the property with the intent to redevelop the site with storm water improvements. Economic Development Authority City of Apple Valley Dakota County, Minnesota July 25, 2019 Page 2 The applications for each project are required to be submitted by the City or EDA, however the project match required would be leveraging private resources. Obtaining these resources is highly competitive, would allow redevelopment at these sites, and advance redevelopment where it is not presently advancing. If funds are awarded for either or both programs, the City/EDA is required to accept the resources at a future time for redevelopment to proceed. Discussion followed. MOTION: of Hamann -Roland, seconded by Grendahl, authorizing staff to submit applications to DEED for Redevelopment Program and Incentive Grant (RIG) to Dakota County CDA. Ayes - 7 - Nays - 0. ADJOURNMENT MOTION: of Bergman, seconded by Melander, to adjourn. Ayes - 7 - Nays - 0. The meeting was adjourned at 6:42 p.m. Res etful ly Submitted, Murphy, Department ssista Approved by the Apple Valley E Development Authority on 44 onon c Clint 11ooppaw, President