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Home My WebLink About08/21/1997ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota August 21, 1997 Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held August 21st, 1997, at 7:15 o’clock a.m., at Apple Valley City Hall. PRESENT: Vice President Humphrey; Commissioners Erickson, Goodwin, Grendahl, Severson and Sterling. ABSENT: Commissioner Edgeton. Staff members present were: Executive Director Gretz, Secretary Mueller, Assistant to the City Administrator Grawe, Community Development Director Kelley, and Public Works Director Miranowski. Vice President Humphrey called the meeting to order at 7:15 a.m. APPROVAL OF AGENDA MOTION: of Erickson, seconded by Grendahl, approving the agenda for today’ s meeting as presented. Ayes - 6 - Nays - 0. APPOINTMENT OF OFFICERS Vice President Humphrey called for nominations for 1997 officers. Commissioner Goodwin nominated Larry Severson for President. Commissioner Goodwin nominated Virginia Sterling for Vice President. Commissioner Sterling nominated Mary Mueller for Secretary. Commissioner Grendahl nominated Robert Erickson for Treasurer. Commissioner Grendahl nominated Mary Mueller for Assistant Treasurer. Were no further nominations. Resolution No. EDA-97-1 MOTION: of Good win, seconded by Sterling, adopting appointing 1997 officers of the Economic Development Authority as: President - Severson, Vice President - Sterling, Secretary - Mueller, Treasurer - Erickson, and Assistant Treasurer - Mueller. Ayes - 6 - Nays - 0. President Severson then continued with chairing the meeting. MINUTES MOTION: of Sterling, seconded by Erickson, approving the minutes of the special meeting of June 23rd, 1997, as written. Ayes - 5 - Nays - 0 (Grendahl Abstained). G.O. REFUNDING BONDS PLEDGE AGREEMENT Resolution No. EDA-97-2 MOTION: of Erickson, seconded by Goodwin, adopting approving and authorizing the execution of a Tax Increment Pledge Agreement ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota August 21, 1997 Page 2 respecting payment of $1,040,000 General Obligation Refunding Bonds of 1997 of the City of Apple Valley and requesting the City to issue the Bonds to assist the EDA in refinancing public development costs associated with the Master Development District. Ayes - 6 - Nays - 0. MOTION: of Sterling, seconded by Goodwin, to adjourn. Ayes - 6 - Nays - 0. The meeting was adjourned at 7:25 o’clock a.m.