HomeMy WebLinkAbout3.A. Minutes from February 18, and March 4, 2014 Consent Business
3• A.
SH-IAK0PEE
TO: Economic Development Authority
FROM: Julie Linnihan, Finance Director /City Clerk
DATE: 03/18/2014
SUBJECT: EDA Minutes from February 18, 2014 and March 4, 2014
Action Sought
Move to approve the EDA minutes from February 18, 2014 and March 04, 2014.
Attachments: EDA Minutes 02 -18 -14
EDA Minutes 03 -04 -14
OFFICIAL PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT
AUTHORITY SHAKOPEE,
MINNESOTA
Regular Session
February 18, 2014
Members Present: President Matt Lehman, Commissioners Jay Whiting, Kathi Mocol,
Mike Luce and Brad Tabke.
Staff Members Present: Mark McNeill, City Administrator; Kris Wilson, Assistant City
Administrator; R. Michael Leek, Community Development Director;
Bruce Loney, Engineer /Public Works Director; Julie A. Linnihan,
Finance Director /City Clerk; Jim Thomson, City Attorney.
1. Roll Call
President Lehman called the meeting to order and roll was noted as above.
2. Approval of the Agenda
President Lehman asked to move 3.C., Appointments of Candidates to Fill Vacant
EDAC Positions, to General Business. Whiting /Luce moved to approve the agenda as
amended. Motion carried 5 -0.
3. Consent Business
A. Approve the minutes from February 5, 2014
•
B. Approval of the EDA bills in the amount of $200.96.
Whiting/Luce moved to approve the Consent Agenda as amended. Motion carried 5-
0.
•
4. General Business
A. Appointments of Candidates to Fill Vacant Economic Development Advisory
Committee (EDAC) Positions.
Mr. McNeill said on February 12th, the interview committee, comprised of Councilors
Mike Luce and Kathi Mocol and EDAC member Debbie Barber interviewed candidates
for openings on the EDAC. The interview committee is recommending Kari McGuire and
Michael Morris for a three -year term. Both are incumbents to the EDAC.
•
Tabke/Luce offered Resolution No. 2014 -1, A Resolution Making Appointments to the
Economic Development Advisory Committee, appointing Kari McGuire and Michael
Morris to three -year terms, to commence March 1, 2014. Motion carried 5 -0.
j
Official Proceedings of the February 18, 2014
Economic Development Authority - Page 2
B. Approval of Request for Subordination Decision under Facade Loan
Program — 8071 Ave. E.
Michael Leek said that John & Mary Hennen received approvals from the City on
December 15, 2009 ($5,581.50, for exterior improvements) and July 5, 2011 ($25,000, for
interior office remodeling) under the Facade Improvement Loan Program, for
improvements to their business, Hennen's Auto Service. The Repayment Agreements for
these two loans state the liens shall terminate on or before December 15, 2014, and July 5,
2016, should the stipulations of the Agreements be met. The City does have liens on the
real estate to satisfy the repayment obligation and the cost to collect the repayment
for these two loans.
At this time, John & Mary Hennen are in the process of refinancing their current mortgage
with Prime Security Bank, and are asking that the City of Shakopee agree to take second
lien position on the refinance with Prime Security Bank. Mr. & Mrs. Hennen are not
intending to sell their business nor transfer ownership; they are attempting to take
advantage of a drop in the mortgage interest rates.
Whiting/Mocol moved to approve the request for subordination of two (2) Facade
Improvement Loans for 801 1st Avenue East, and direct staff to work with Prime Security
Bank to implement the request. Motion carried 5 -0.
5. Adiourn
Mocol/Luce moved to adjourn to Tuesday, March 4, 2014 at 7:00 p.m. Motion carried 5 -0.
//A //1/9/fle'r----
ulie A. Linnihan
Finance Director /City Clerk
Kim Weckman
Recording Secretary
OFFICIAL PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT
AUTHORITYSHAKOPEE,
MINNESOTA
Regular Session
March 4, 2014
Members Present: President Matt Lehman, Commissioners Jay Whiting, Kathi Mocol,
Mike Luce and Brad Tabke.
Staff Members Present: Mark McNeill, City Administrator; Kris Wilson, Assistant City
Administrator; R. Michael Leek, Community Development Director;
Bruce Loney, Engineer/Public Works Director; Julie A. Linnihan,
Finance Director /City Clerk; Jim Thomson, City Attorney.
1. Roll Call
President Lehman called the meeting to order and roll was noted as above.
2. Approval of the Agenda
None
3. Consent Business
None
4. General Business
None
5. Adiourn
Mocol/Luce moved to adjourn to Tuesday, March 18, 2014 at 7:00 p.m. Motion carried 5-
O.
Julie A. Linnihan
Finance Director /City Clerk
Kim Weckman
Recording Secretary