HomeMy WebLinkAboutEDA Packet - 01-26-23
M eeting L ocation: M unicipal Center
7100 147th Street West
Apple Valley, M innesota 55124
January 26, 2023
EC O N O MIC D EVELO P MEN T A UT HO RIT Y REG ULA R
MEET IN G T EN TAT IVE A G EN D A
6:00 P M
1.Call to Order
2.Approve Agenda
3.Approve Consent Agenda Items
Consent Agenda Items are considered routine and will be enacted with a
single motion, without discussion, unless a commissioner or citizen requests
to have any item separately considered. It will then be moved to the regular
agenda for consideration.
A.Approve Minutes of May 26, 2022, Regular Meeting
B.Approve 2023 Meeting C alendar
4.Regular Agenda Items
A.Adopt Resolution Approving 2023 Board Officers
B.Adopt Resolution Approving 2023 ED A Budget
5.Staff Updates
6.Adjourn
Regular meetings are broadcast, live, on C harter C ommunications C able C hannel
180 and on the C ity's website at www.applevalleymn.gov
I T E M: 3.A.
E D A ME E T I NG D AT E :J anuary 26, 2023
S E C T I O N:Consent A genda
Description:
A pprove Minutes of May 26, 2022, Regular Meeting
S taff Contact:
B reanna Vincent, Department Assistant
Department / Division:
Community Development Department
AC T I O N RE Q UE S T E D:
Approve minutes of regular meeting on May 26, 2022.
S UM M ARY:
T he minutes of the Economic Development Authority regular meeting is attached for your
review and approval.
B AC K G RO UND:
State statute requires the creation and preservation of meeting minutes which document the
official actions and proceedings of public governing bodies.
B UD G E T I M PAC T:
N/A
AT TAC HM E NT S :
Minutes
ECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
May 26, 2022
Minutes of the Regular Meeting of the Economic Development Authority of Apple Valley, Dakota
County, Minnesota, held May 26, 2022, at 6:15 p.m., at Apple Valley Municipal Center.
PRESENT: Vice President Ruth Grendahl, Commissioners Clint Hooppaw, Tom Goodwin,
John Bergman, Ken Johnson, and Jodi Kurtz
ABSENT: Tom Melander
City staff members present: City Administrator Tom Lawell, Community Development Director
Bruce Nordquist, Finance Director Ron Hedberg, City Attorney
Michael Dougherty, and Department Assistant Breanna Vincent
APPROVAL OF AGENDA
Vice President Grendahl asked staff if there were any changes to the agenda. – None.
MOTION: of Goodwin, seconded by Hooppaw, approving the agenda. Ayes - 6 - Nays - 0.
CONSENT AGENDA
MOTION: of Hooppaw, seconded by Goodwin approving the minutes of the meeting on
January 27, 2022. Ayes – 6 – Nays – 0.
REGULAR AGENDA
A. Authorize EDA Funding in Partnership with Time Square and Three Adjacent Businesses
to Address Storm Water Concerns
Community Development Director Nordquist provided a brief presentation.
MOTION: of Hooppaw, seconded by Goodwin, to authorize EDA funding in partnership with
Time Square and three adjacent business to address storm water concerns. Ayes –
6 - Nays – 0.
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
May 26, 2022
Page 2
STAFF UPDATES
City Administrator Tom Lawell noted that Community Development Director Bruce Nordquist
will be retiring effective August 31, 2022.
ADJOURNMENT
MOTION: by Bergman, seconded by Goodwin, to adjourn at 6:34 p.m.
Respectfully Submitted,
Breanna Vincent, Department Assistant
Approved by the Apple Valley Economic
Development Authority on January 26, 2023 Thomas O. Melander, President
I T E M: 3.B.
E D A ME E T I NG D AT E :J anuary 26, 2023
S E C T I O N:Consent A genda
Description:
A pprove 2023 Meeting Calendar
S taff Contact:
B reanna Vincent, Department Assistant
Department / Division:
Community Development Department
AC T I O N RE Q UE S T E D:
Motion to approve the 2023 meeting calendar.
S UM M ARY:
Meetings are held on the fourth T hursday of every other month at 6:00 p.m. at the Apple
Valley Municipal Center, 7100 - 147th Street West.
T hursday, J anuary 26, 2023
T hursday, March 23, 2023
T hursday, May 25, 2023
T hursday, J uly 27, 2023
T hursday, September 28, 2023
T hursday, December 28, 2023
T hursday, J anuary 25, 2024
B AC K G RO UND:
N/A
B UD G E T I M PAC T:
N/A
I T E M: 4.A.
E D A ME E T I NG D AT E :J anuary 26, 2023
S E C T I O N:Regular A genda
Description:
A dopt Resolution A pproving 2023 Board Officers
S taff Contact:
B reanna Vincent, Department Assistant
Department / Division:
Community Development Department
AC T I O N RE Q UE S T E D:
Motion adopting the resolution appointing 2023 officers of the Economic Development
Authority.
S UM M ARY:
T he resolution organizing the Economic Development Authority provides that the offices of
President, Vice President, and Treasurer be elected annually. T he appointments remain in
effect until the Board elects new officers. At the meeting of the Economic Development
Authority held on J anuary 27, 2022, the following officers were appointed:
President: T homas Melander
Vice-President: Ruth Grendahl
Secretary: Pamela J . Gackstetter
Treasurer: J ohn Bergman
Assistant Treasurer: Pamela J . Gackstetter
A draft resolution is attached, with blanks to be completed, that can be adopted to appoint the
2022 officers.
B AC K G RO UND:
N/A
B UD G E T I M PAC T:
N/A
AT TAC HM E NT S :
Resolution
APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. EDA-23-01
A RESOLUTION APPOINTING 2023 OFFICERS
FOR THE APPLE VALLEY ECONOMIC DEVELOPMENT AUTHORITY
WHEREAS, the Board of the Commissioners of the Apple Valley Economic
Development Authority has heretofore adopted Resolution No. EDA-90-1 which provided for
initial organization of the Board and adoption of Bylaws; and
WHEREAS, said Resolution specifies that the offices of President, Secretary, and
Treasurer shall be elected annually, as required by law; and.
WHEREAS, said officers were appointed on January 26, 2023; and
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Apple
Valley Economic Development Authority that it hereby appoints and approves the following
officers of the EDA for 2023:
President __________________
Vice-President __________________
Secretary Pamela J. Gackstetter
Treasurer __________________
Assistant Treasurer Pamela J. Gackstetter
ADOPTED this 26th day of January, 2023.
, President
ATTEST:
Pamela J. Gackstetter, Secretary
I T E M: 4.B.
E D A ME E T I NG D AT E :J anuary 26, 2023
S E C T I O N:Regular A genda
Description:
A dopt Resolution A pproving 2023 E D A B udget
S taff Contact:
Ron Hedberg, Finance Director
Department / Division:
Finance Department
AC T I O N RE Q UE S T E D:
Adopt resolution approving 2023 ED A budget.
S UM M ARY:
T he proposed 2023 budget, approved by the C ity Council in their annual budget, includes the
Economic Development Operations Fund. T he proposed budget includes the anticipated
activities in the coming year. If the need arises to address development opportunities, such as
Business Retention, Expansion and Attraction (BREA) activities, future action would be
requested to address the need. Enclosed are the pages from the budget document that relate
to this fund and its use by the ED A.
B AC K G RO UND:
T here are two primary uses for the Economic Development Operations Fund:
1. To support the partnership with Dakota C ounty and participating cities in the business
support program called “Open to Business”. T he program counsels small business in
business plan development, marketing strategies, and business concept to realization
best practices that result in a physical location or business expansion. Most often, small
amounts of microgrant start-up financing is used in combination with local lender
resources to facilitate business development and growth. T he program contribution from
the Apple Valley ED A is approximately $9,000 for 2023.
2. To support the partnership with Dakota C ounty and other participating cities in
responding to regional, national and global market opportunities that attract businesses
and workers to the greater Twin C ity area, including Apple Valley. Greater MS P is that
regional organization that has been the visible regional economic development authority
to retain, expand and attract business. T he program contribution from the Apple Valley
ED A is approximately $11,000 for 2023.
Possible activity areas in 2023 include:
Continue the master planning of the Mixed Business Campus (MBC ) with the identified
owner/developer, Rockport LLC; attracting business and development.
Respond to site selectors from D EED/G REAT ER MSP.
Facilitate job creation from construction and occupancy of commercial, industrial and
housing production.
Continue Open to Business assistance services with the Dakota C ounty C D A.
Continue as a member of G REAT ER MSP, the regional economic development
organization with national and global contacts for local business development.
Facilitate improvement of properties in the northwest quadrant of C R42 and C edar
Avenue.
Apply a portion of lease revenues from the Education Building toward ED A business
development initiatives when possible.
B UD G E T I M PAC T:
T he resolution approves the budgeted expenditures of $20,650.
AT TAC HM E NT S :
Budget
Resolution
COMPANY DEPARTMENT BUSINESS UNIT ACTIVITY
3210 93 3212 EDA Operations Fund
DESCRIPTION OF ACTIVITY
The EDA Operations fund was created initially to focus on the activities related to the Valley
Business Park development, including a revolving loan program and the development and sale
of commercial lots. That activity was completed and the EDA Operations fund assists the EDA in
supporting business development opportunities as they arise.
MAJOR OBJECTIVES FOR 2023 and 2024
Continue the master planning of the Mixed Business Campus (MBC) with the identified
owner/developer, Rockport LLC; attracting business and development.
Respond to site selectors from DEED/GREATER MSP.
Facilitate job creation from construction and occupancy of commercial, industrial and
housing production.
Continue Open to Business assistance services with the Dakota County CDA.
Continue as a member of GREATER MSP, the regional economic development
organization with national and global contacts for local business development.
Facilitate improvement of properties in the northwest quadrant of CR42 and Cedar
Avenue.
Apply a portion of lease revenues from the Education Building toward EDA business
development initiatives when possible.
IMPACT MEASURES / PERFORMANCE INDICATORS
Actual Actual Actual Projected Projected Projected
Item 2019 2020 2021 2022 2023 2024
Jobs added (perm. and const.) 500 300 500 500 500 500
Bus. Dev./AV Clients Served 5 9 19 20 20 20
Summary Budget
Department 93 EDA Operations Fund
2019 2020 2021 2021 2022 2023 2024
Actual Actual Actual Adopted Adopted Proposed Proposed
Revenue:
Building Mgmt Fee 50,000 - - 50,000 - - -
County Grants- Parking Lot - - - - - - -
Grants - MC & Other 500,000 - 353,981 - - - -
Admin Fees-Other Funds - 50,000 - - - - -
Refunds/Reimbursements - 574,320 - - - - -
Other Transfers In - 399,850 - - - - -
Investment Earnings 24,868 27,110 (8,286) 400 10,000 10,000 10,000
574,868 1,051,280 345,695 50,400 10,000 10,000 10,000
Expenditures:
Salaries & Wages - 108 (54) 550 550 600 600
Emp. Benefits - 8 8 50 50 50 50
Supplies - - - - - - -
Contractual Serv. 2,985 - 6,500 8,000 8,500 9,000 9,000
Training/Travel/Dues 10,175 18,800 11,000 11,850 12,100 11,000 11,000
Developer Asstistance 500,000 399,850 353,981 - - - -
Capital outlay - - - - - - -
Total Expenditure 513,160 418,766 371,435 20,450 21,200 20,650 20,650
Fund Balance
Beginning 743,521 805,229 1,437,743 1,437,743 1,467,693 1,467,693 1,456,493
Ending 805,229 1,437,743 1,412,003 1,467,693 1,456,493 1,457,043 1,445,843
2023 & 2024 CAPITAL OUTLAY: None
City of Apple Valley
Department Expense Summary
Budget Years (2023-2024)
EDA OPERATIONS
Object
Account 2019 Actual 2020 Actual 2021 Actual
2021 Council
Adopted
Original
Budget
2022 Council
Adopted
Original
Budget
June 2022
YTD Actual
2023 Dept
Proposed
2023 Admin
Recommend
2024 Dept
Proposed
2024 Admin
Recommend
6110 - SALARY-REGULAR EMPLOYEES 550 550 600 600 600 600
6112 - SALARY-SEASONAL TEMP 0 108 -54 54
6105 - SALARIES AND WAGES 0 108 -54 550 550 54 600 600 600 600
6138 - MEDICARE 0 2 1 50 50 1 50 50 50 50
6139 - FICA 0 7 3 0 0 3
6141 - PENSIONS-PERA 0 0 4 0
6125 - EMPLOYEE BENEFITS 0 8 8 50 50 4 50 50 50 50
6100 - TOTAL PERSONNEL SERVICES 0 116 -46 600 600 58 650 650 650 650
6235 - CONSULTANT SERVICES 2,985 0 6,500 8,000 8,500 8,100 9,000 9,000 9,000 9,000
6230 - CONTRACTUAL SERVICES 2,985 0 6,500 8,000 8,500 8,100 9,000 9,000 9,000 9,000
6276 - SCHOOLS/CONFERENCES/EXP OTHER 0 0 0 0 0 0
6278 - SUBSISTENCE ALLOWANCE 0 0 0 0 0 0
6280 - DUES & SUBSCRIPTIONS 10,175 18,800 11,000 11,850 12,100 0 12,500 11,000 12,500 11,000
6270 - TRNG/TRAVL/DUES/UNIF 10,175 18,800 11,000 11,850 12,100 0 12,500 11,000 12,500 11,000
6200 - TOTAL OPERATING COSTS 13,160 18,800 17,500 19,850 20,600 8,100 21,500 20,000 21,500 20,000
6397 - DEVELOPER ASSISTANCE 500,000 0 353,981 0
6301 - OTHER EXPENDITURES 500,000 0 353,981 0
6300 - TOTAL OTHER EXPENDITURES 500,000 0 353,981 0
6801 - TOTAL CONSTRUCTION COSTS 0 0 0 0
6800 - TOTAL CONSTRUCTION COSTS 0 0 0 0
513,160 18,916 371,436 20,450 21,200 8,158 22,150 20,650 22,150 20,650
CITY OF APPLE VALLEY
2023 BUDGET
ACCOUNT DETAIL
DEPT 93: EDA OPERATIONS FUND -3212
COMPANY 3210: EDA OPERATIONS
2021 2022 2022 2023 2023 2024 2024
ACC'T DESCRIPTION COUNCIL COUNCIL YEAR END DEPT ADMIN DEPT ADMIN
ADOPTED ADOPTED PROJECTED PROP RECOMMEND PROP RECOMMEND
SALARIES
6110 Regular Employees 550 550 550 600 600 600 600
6138 Medicare 50 50 50 50 50 50 50
Total 600 600 600 650 650 650 650
6235 CONSULTANT SERVICES
Open to Business 8,000 8,500 8,500 9,000 9,000 9,000 9,000
Total 8,000 8,500 8,500 9,000 9,000 9,000 9,000
6280 DUES & SUBSCRIPTIONS
Membership in local chapters of Nordic
Chambers of Commerce 1,500 1,500 1,500 - - - -
Greater MSP 10,350 10,600 10,600 11,000 11,000 11,000 11,000
Sister City - - - - - - -
Total 11,850 12,100 12,100 11,000 11,000 11,000 11,000
Total Net of Personnel 19,850 20,600 20,600 20,000 20,000 20,000 20,000
TOTAL EXPENSES 20,450$ 21,200$ 21,200$ 20,650$ 20,650$ 20,650$ 20,650$
CITY OF APPLE VALLEY
ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. EDA 23-___
RESOLUTION APPROVING 2023 PROPOSED BUDGET
WHEREAS, the Apple Valley Economic Development Authority has reviewed the
proposed 2023 operating budget set forth in this resolution; and
WHEREAS, the Economic Development Authority desires to adopt an operating budget for
management purposes; and
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Apple
Valley Economic Development Authority, Minnesota, that revenue and expenditure budgets for
2023 shall be as included below in this resolution and as supported by the detailed document, as
revised.
2023
Revenues:
Investment Earnings $10,000
Total Revenues $10,000
Expenditures:
Wages & Benefits 650
Consultant Services $9,000
Dues & Subscriptions $11,000
Total Expenditures $20,650
ADOPTED this 26th day of January, 2023, by the Apple Valley Economic
Development Authority Board of Commissioners.
Thomas O. Melander, President
ATTEST:
Pamela J. Gackstetter, Secretary