HomeMy WebLinkAbout10/24/2002ECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
October 24, 2002
Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota
County, Minnesota, held October 24th, 2002, at 7:30 o’clock a.m., at Apple Valley Municipal
Center.
PRESENT: President Severson; Commissioners Edgeton, Erickson, Goodwin, Hamann-
Roland, and Sterling.
ABSENT: Commissioner Grendahl.
Staff members present were: Executive Director Lawell, Secretary Mueller, and Community
Development Director Kelley.
President Severson called the meeting to order at 7:30 a.m.
APPROVAL OF AGENDA
MOTION: of Edgeton, seconded by Goodwin, approving the agenda for today’s meeting as
presented. Ayes - 6 - Nays - 0.
MINUTES
MOTION: of Ericks on, seconded by Sterling, approving the minutes of the special meeting of
August 22nd, 2002, as written. Ayes - 6 - Nays - 0.
DECERTIFY TIF DISTRICTS 4 & 12
Mr. Kelley reviewed the memo dated September 9, 2002, describing the Finance Director’s
recommendation to decertify Tax Increment Financing Districts 4, Linville, and 12, Enderes.
Cash reserves are available to defease or payoff these two bond issues and put the value of these
developments back on the property tax rolls for 2003. (Commissioner Hamann-Roland was out
of the room at this time.)
Resolution No. EDA-02-6
MOTION: of Erickson, seconded by Goodwin, adopting
defeasing, or paying off, outstanding bonds and decertifying redevelopment Tax
Increment District No. 4 DD 2 Linville and economic development Tax Increment
District No. 12 DD 2 Enderes as of December 31, 2002. Ayes - 5 - Nays - 0.
MOTION: of Goodwin, seconded by Sterling, to adjourn. Ayes - 5 - Nays - 0.
The meeting was adjourned at 7:34 o’clock a.m.