HomeMy WebLinkAbout06/14/2012 MeetingECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
June 14, 2012
Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota
County, Minnesota, held June 14, 2012, at 4:00 o'clock p.m., at Apple Valley Municipal Center.
PRESENT: President Severson, Commissioners Bergman, Goodwin, Grendahl, Hamann-
Roland, and Hooppaw.
ABSENT: None
City staff members present were: Executive Director Lawell, City Attorney Dougherty, Associate
City Planner Bodmer, Associate City Planner Dykes, Finance Director Hedberg, City Planner
Lovelace, Community Development Director Nordquist, and Department Assistant Murphy.
APPROVAL OF AGENDA
Meeting was called to order at 4:02 p.m. by President Severson.
Executive Director Lawell stated that Item 7 — Public Hearing to consider a business subsidy
agreement with Stream International Inc. to fund improvements and job creation at Time Square
be removed from the agenda.
MOTION: of Hamann-Roland, seconded by Grendahl, approving the agenda for today's
meeting as presented with the removal of Item 7. Ayes - 6 - Nays - 0.
APPROVAL OF MINUTES
MOTION: of Bergman, seconded by Goodwin, approving the minutes of the special meeting
of June 4, 2012, as written. Ayes - 6 - Nays - 0.
APPROVAL OF CONSENT
CARROLL CENTER 4TH ADDITION DISCLAIMER OF INTEREST
MOTION: of Hamann-Roland, seconded by Bergman, adopting Resolution No. EDA-12-09
authorizing the execution of a Disclaimer of Interest in western ten feet (10') of Lot
1, Block 1, Carroll Center 4th Addition (Red Robin Property for Cedar Ave road
project). Ayes - 6 - Nays - 0.
IMH MEMO OF UNDERSTANDING
Finance Director Ron Hedberg provided an update of the Memorandum of Understanding
prepared by City Attorney Mike Dougherty and accepted by IMH between IMH Special Asset NT
175-AVN, LLC and Apple Valley Economic Development Authority and the City of Apple
Valley.
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Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
June 14, 2012
Paue 2
Discussion followed.
MOTION: of Goodwin, seconded by Hamann-Roland, approving the Restated Memorandum
of Understanding between IMH Special Asset NT 175-AVN, LLC, the Apple
Valley Economic Development Authority and the City of Apple Valley.
Ayes - 5 - Nays - 1. (Grendahl)
EDA ADMINISTRATIVE ITEMS/REFERENCE NOTEBOOK
Community Development Director Bruce Nordquist provided background materials and
informational resources of interest to the EDA. The reference notebook included bylaws,
operations fund, business assistance and TIF policies and applicable EDA State Statutes.
Discussion followed.
PUBLIC HEARING TO CONSIDER BUSINESS SUBSIDY AGREEMENT WITH TIME
SQUARE SHOPPING CENTER, LLP TO FUND IMPROVEMENTS AT TIME SQUARE
President Severson opened the public hearing at 6:14.
Associate Planner Margaret Dykes provided the background information related to a Business
Subsidy Agreement that would authorize funding resources for substantial construction to occur at
the Time Square Shopping Center, located southwest of the intersection of Cedar Avenue and
149th Street W.
Discussion followed.
President Severson closed the public hearing at 6:43.
MOTION: of Hooppaw, seconded by Bergman, adopting Resolution No. EDA-12-10
approving the Business Subsidy Agreement between the Apple Valley EDA and
Time Square Shopping Center II, LLP to provide up to $157,400 for substantial
construction costs at Time Square Shopping Center. Ayes - 6 - Nays - 0.
BUSINESS ASSISTANCE AGREEMENT WITH TIME SQUARE SHOPPING CENTER, LLP
TO FUND IMPROVEMENTS AT TIME SQUARE
Associate Planner Margaret Dykes stated that the City of Apple Valley received a Redevelopment
Incentive Grant from the Dakota County Community Development Agency (CDA) in 2010, for
exterior renovations at Time Square which could include rernilling and restriping of the exiting
parking lot, extending a pedestrian walkway from the property to a pedestrian trail on Cedar
Avenue and installing curb cuts at landscape islands to facilitate stormwater runoff.
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
June 14, 2012
Page 3
MOTION: of Bergman, seconded by Goodwin, adopting Resolution No. EDA-12-11
approving the Business Assistance Agreement between the Apple Valley EDA and
Time Square Shopping Center II, LLP. Ayes - 6 - Nays - 0.
PROJECT UPDATES
No project updates discussed.
MOTION: of Hamann-Roland, seconded by Hooppaw, to adjourn. Ayes - 6 - Nays - 0.
The meeting was adjourned at 6:47 p.m.
Respectfully Submitted,
Joail Murphy, Depar n Assista
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by the Apple Valley Economic Development Authority on