HomeMy WebLinkAbout06/23/2011 Meeting ECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
June 23, 2011
Minutes of the special meeting of the Economic Developrnent Authority of Apple Valley,
Dakota County, Minnesota, held June 23, 2011, at 6:30 o'clock p.m., at the Apple Valley
Municipal Center.
PRESENT: President Severson; Commissioners Bergman, Grendahl, Hamann-Roland, and
Hooppaw.
ABSENT: Commissioner Goodwin.
Staff inembers present were: Executive Director Lawell, Secretary Gackstetter, City Attorney
Dougherty, Associate City Planner Bodmer, Associate City Planner Dykes, Finance Director
Hedberg, City Planner Lovelace, City Engineer Manson, and Community Development Director
Nordquist.
President Severson called the meeting to order at 6:30 p.m.
APPROVAL OF AGENDA
MOTION: of Hamann-Roland, seconded by Bergman, approving the agenda for today's
meeting as presented. Ayes - 4, Nays - 0.
MINUTES
MOTION: of Hooppaw, seconded by Hamann-Roland, approving the minutes of the special
meeting of February 3, 2011, as written. Ayes - 4, Nays - 0.
Commissioner Grendahl arrived at 6:31 p.m.
CERTIFICATE OF COMPLETION FOR BOTHUM LEASING COMPANY
Ms. Dykes reviewed the staff report regarding the request to execute a Certificate of Completion
for Bothum Leasing Company for the Enderes Tool Building located at 14925 Energy Way.
MOTION: of Hamann-Roland, seconded Hooppaw, adopting Resolution No. EDA-11-6
authorizing the execution of a Certificate of Completion to Bothum Leasing
Company. Ayes - 5, Nays - 0.
FIRST AMENDMENT TO AGREEMENT WITH SIGNET DEVELOFMENT
Ms. Dykes reviewed the staff report regarding the First Amendment to the Preliminary
Development Agreement between Timothy F. Nichols d/b/a Signet Development, LLC, and the
City. She stated Mr. Nichols is comfortable with the amendment.
ECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
June 23, 2011
Page 2
MOTION: of Hamann-Roland, seconded by Bergman, approving the First Amendment to the
Preliminary Development Agreement between the City and Timothy F. Nichols
d/b/a Signet Development, LLC, and authorizing the EDA President and
Executive Director to sign the same. Ayes - 5, Nays - 0.
TIF POLICY AND APPLICATION TO FUTURE DEVELOPMENT
Mr. Nordquist updated the Board on recent changes in state statute regarding Tax Increment
Financing.
Ms. Dykes reviewed the current T� Increment Financing (TIF) Policy.
Mr. Nordquist reviewed current development needs and possible changes to the TIF Policy
including allowing TIF to be used for land acquisition for housing and mixed use as well as
technology and energy efficiency improvements. Other Policy considerations include amending
the amount designated for the reserve fund and the possibility of pooling money for other
ventures.
The Board discussed possible updates to the Policy.
MEMBERSHIP pUES FOR DEED POSITIVELY MINNESOTA PARTNERSHIP
Ms. Dykes reviewed the staff report regarding participation in the Positively Minnesota
Marketing Partnership.
The Board held discussion.
MOTION: of Bergman, seconded by Hooppaw, authorizing participation in Positively
Minnesota Marketing Fartnership and authorizing payment of $540.00 for
membership dues. Ayes - 5, Nays - 0.
PROJECT UPDATE
Mr. Nordquist updated the Board on Stream Global, the Hanson Concrete site, the availability of
the Melby farm for development, the needs of Dakota County Technical College, and The
Legacy project.
The Board and staff discussed the various projects and how the City might meet various needs.
MOTION: of Bergman, seconded by Hamann-Roland, to adjourn. Ayes - 5, Nays - 0.
The meeting was adjourned at 7:47 o'clock p.m.
ECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
June 23, 2011
Page 3
Respectfully Submitted,
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Pamela J. Gackstetter, Secretary
Approved by the Apple Valley Economic Development Authority on I 1-1-1 1