HomeMy WebLinkAbout07/10/2014 MeetingECONOMIC DEVELOPMENT AUTHORITY
City of Apple Valley
Dakota County, Minnesota
July 10, 2014
Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota
County, Minnesota, held July 10, 2014, at 7:00 p.m., at Apple Valley Municipal Center.
PRESENT: Commissioners Goodwin, Bergman, Grendahl, Hamann-Roland, Hooppaw, and
Maguire.
ABSENT: Commissioner Melander
City staff members present were: Executive Director Tom Lawell, City Attorney Michael
Dougherty, Community Development Director Bruce Nordquist, Finance Director Hedberg, City
Planner Tom Lovelace, Planner Kathy Bodmer, Planner Margaret Dykes, and Department
Assistant Murphy.
Meeting was called to order at 9:31 p.m. by President Goodwin.
APPROVAL OF AGENDA
MOTION: of Grendahl, seconded by Bergman, approving the agenda. Ayes - 6 - Nays - 0.
APPROVAL OF MINUTES
MOTION: of Hamann-Roland, seconded by Hooppaw, approving the minutes of the special
meeting of May 8, 2014, as written. Ayes - 6 - Nays — 0.
CONSENT AGENDA
None
LIVABLE COMMUNITIES DEMONSTRATION ACCOUNT (LCDA) GRANT
APPLICATION
Planner Margaret Dykes reviewed the Grant Application for Site Acquisition for Lot 1, Block 1,
Village at Founders Circle (aka "the triangle") for proposed Village Pointe Plaza project.
She stated on May 8, 2014, the Apple Valley EDA ("EDA") authorized staff to submit a
Metropolitan Council LCDA Grant Application pre-application for the Village Pointe Plaza
proposal (the "Project"). The Project proposes a pedestrian-friendly, integrated mix of uses with
78 units of senior-owned housing, retail, office, and a boutique grocery on the 3.65-acre lot
southwest of the intersection of Galaxie Avenue and 153rd Street W. The grant application
request of $1,,148,639 would be used for site acquisition of the property, which is now owned by
the City. The City acquired the property from Dakota County after the site went through the tax
forfeiture process. The City paid the County the $1,148,639 for the site to prevent auction or
further languishing in the marketplace. If the Metropolitan Council approves the grant, the funds
would be used to purchase the site from the City and convey the site to the developer, Cooperative
Lifestyle Group, LLC, a partnership of Ecumen and Lifestyle Communities, LLC. By reducing
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
July 10, 2014
Page 2
site acquisition costs, the developer would be able to move forward with an intensive, vertical
mixed-use project to provide lifecycle housing, and neighborhood commercial uses with an
innovative structured parking solution on the most prominent center parcel in the Central Village.
If the grant funds are approved, the $1,148,639 would be used by the EDA to acquire the subject
site from the City.
Discussion followed.
MOTION: of Bergman, seconded by Hooppaw, adopting Resolution No. 2014-03 approving
2014 Metropolitan Council Livable Communities Demonstration Account (LCDA)
Grant application for site acquisition for Lot 1, Block 1, Village at Founders Circle
for proposed Village Pointe Plaza project. Ayes - 6 - Nays – 0.
PARKSIDE VILLAGE – REVISED AGREEMENTS FOR TWO-PHASE PROJECT
Planner Kathy Bodmer stated the request is for revised and reauthorized agreements to allow
construction of Parkside Village Gabella multiple family building, consisting of 196 units, north of
Kelley Park.
The owners of the Parkside Village development, IMH Special Asset NT 175 — AVN, LLC and
Titan Development 1, LLC, received approval to construct the Parkside Village development with
a total of 322 units January 2013. The project included the 196-unit Gabella building north of
Kelley Park and the 126-unit Galante building along Galaxie Avenue. At its May 8, 2014,
meeting, the Developer requested and the EDA supported a reconsideration of the timing and
financial structure of the project by splitting the development into two phases, with construction of
the 196-unit Gabella building in August and construction of the 126-unit Galante building in the
future.
She stated the Business Subsidy Agreement and the Development Assistance Agreement are
revised so that they would be divided between the two projects. At its May 8, 2014, meeting, the
Apple Valley Economic Development Authority authorized staff to negotiate the amendment of
documents to allow for a loyvophase project
Discussion followed.
MOTION: of Hooppaw, seconded by Hamann-Roland, adopting Resolution No. EDA-2014-
04 approving the revised Development Assistance Agreement for Parkside Village
Gabella. Ayes - 5 - Nays – 1. (Grendahl)
MOTION: of Hamann-Roland, seconded by Bergman, adopting Resolution No. EDA-2014-
05 approving the revised Business Subsidy Agreement for Parkside Village
Gabella. Ayes - 5 - Nays – 1. (Grendahl)
Economic Development Authority
City of Apple Valley
Dakota County, Minnesota
July 10, 2014
Page 3
STAFF UPDATES
Community Development Director stated the next scheduled EDA meeting would be September
25, 2014.
ADJOURNMENT
MOTION: of Hamann-Roland, seconded by Maguire, to adjourn. Ayes - 6 - Nays - 0.
The meeting was adjourned at 9:38 p.m.
Respectfully Submitted,
e an Murphy, Departm
Approved by the Apple Valley Economic Development Authority on
/ ti