HomeMy WebLinkAbout12/27/2012 MeetingECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
December 27, 2012
Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota
County, Minnesota, held December 27, 2012, at 7:00 o'clock p.m., at Apple Valley Municipal
Center.
PRESENT: President Severson, Commissioners Bergman, Goodwin, Grendahl, and Hooppaw.
ABSENT: Hamann-Roland and Melander
City staff members present were: Executive Director Lawell, City Attorney Dougherty,
Community Development Director Nordquist, Public Works Director Blomstrom, and Department
Assistant Murphy.
APPROVAL OF AGENDA
Meeting was called to order at 7:18 p.m. by President Severson.
MOTION: of Bergman, seconded by Hooppaw, approving the agenda. Ayes - 5 - Nays - 0.
APPROVAL OF MINUTES
MOTION: of Bergman, seconded by Goodwin, approving the minutes of the special meeting
of November 20, 2012, as written. Ayes - 5 - Nays - 0.
PUBLIC HEARING FOR BUSINESS SUBSIDY AGREEMENTS WITH IMH, LLC,
PARKSIDE VILLAGE
Community Development Director Bruce Nordquist stated based on the meetings that were held
earlier in the day that they were not able to resolve questions and concerns within the development
agreement and business subsidy agreements with IMH, LLC Parkside Village. The plan is to do
so by January 8. Staff recommended that the EDA open the public hearing and continue the
public hearing to January 8, 2013.
MOTION: of Goodwin, seconded by Hooppaw, opening the public hearing and requesting
continuance to January 8, 2013, at 8:00. Ayes - 5 — Nays - 0.
AUTHORIZATION REIMBUSEMENT FOR TIME SQUARE
Mr. Nordquist provided background information on the Time Square Shopping Center
improvements.
Discussion followed.
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
December 27, 2012
Page 2
MOTION: of Goodwin, seconded by Hooppaw, adopting Resolution No. EDA 12-16
approving reimbursement of $157,400 to Time Square Shopping Center II, LLP for
the completion of substantial construction costs at 7525 — 148th Street W., 7530 —
149th Street W. and 7540-64 — 149th Street W. as listed in the approved Business
Subsidy Agreement dated June 14, 2012. Ayes - 5 — Nays - 0.
MOTION: of Goodwin, seconded by Bergman, adopting Resolution No. EDA 12-17
approving reimbursement of $78,700 to Time Square Shopping Center II, LLP for
the completion of site improvements at 7525 — 148th Street W. 7530 — 149th Street
and 7540-64 — 149th Street W. as listed in the approved Business Assistance
Agreement dated June 14, 2012. Ayes - 5 — Nays - 0.
CONSIDER SALE OF REMNANT PARCEL
Mr. Nordquist stated that the .18-acre Outlot C, Valley Business Park, was created to provide the
Melby property with access to Energy Way. The Melby property is now on the market and the
property owner requested the EDA work with them to acquire Outlot C so that their property is
more attractive to a potential user.
MOTION: of Grendahl, seconded by Bergman, directing staff to begin negotiations with the
Melbys for their acquisition of Outlot C, Valley Business Park. Ayes - 5 — Nays -
O.
PROJECT UPDATES
Community Development Director Bruce Nordquist reviewed approved projects that went before
the City Council in 2012. Projects included the Apple Valley Business Campus, D.R. Horton's
single-family homes in Cortland Addition, AutoZone retail store in Hillcrest Acres 5th Addition,
Kwik Trip, Pizza Ranch in Cobblestone Lake Commercial and Lifeworks — Apple Valley Project
in Eagle Ridge Business Park.
ADJOURNMENT
MOTION: of Grendahl, seconded by Hooppaw, to adjourn. Ayes - 5 - Nays - 0.
The meeting was adjourned at 7:36 p.m.
Respectfully Submitted,
n Murphy, Departmen Assis
Approved by the Apple Valley Economic Development Authority on 1 13