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Home My WebLink About3.B. EDA Minutes Consent Business 3. B. SHAKOPEE TO: Economic Development Authority FROM: Lori Hensen, Deputy City Clerk DATE: 03/17/2015 SUBJECT: EDA Minutes Action Sought Move to approve the EDA minutes from February 17, 2015 Attachments: EDA Minutes 02-17-15 DRAFT OFFICIAL PROCEEDINGS OF THE SHAKOPEE ECONOMIC DEVELOPMENT AUTHORITY REGULAR SESSION LOCATION Council Chambers City Hall 129 Holmes Street South February 17,2015 SHAKOPEE MINNESOTA 7:00 p.m. Present: President Matt Lehman;Commissioner Brad Tabke;Commissioner Mike Luce;Commissioner Kathi Mocol;Commissioner Jay Whiting Staff Community Development Director R.Michael Leek;City Attorney Jim Thomson;Economic Present: Development Coordinator Samantha DiMaggio 1. Roll Call 2. Approval of the Agenda Moved by Kathi Mocol,seconded by Jay Whiting to approve the Agenda. Vote: 5-0 Carried 3. Consent Business Moved by Jay Whiting,seconded by Mike Luce to add 4.B.Appointments of candidates to fill vacant EDAC positions to the Consent agenda. Vote: 5-0 Carried Moved by Jay Whiting,seconded by Mike Luce to approve the Consent Agenda as amended. Vote: 5-0 Carried A. EDA Minutes approve EDA minutes from January 20,2015. (Motion carried under the Consent Agenda) Vote: 5-0 Carried B. EDA Bill List Moved to approve the EDA bill list in the amount of$23,289.46. (Motion carried under the Consent Agenda) Vote: 5 -0 Carried 4. General Business A. Election of EDA Officers for 2015 President Lehman opened the floor for nominations for President of the EDA for 2015. Commissioner Tabke nominated Commissioner Mocol for President. Whiting/Luce moved for a white ballot for Commissioner Mocol as President of the EDA for 2015. Motion carried 5-0. President Mocol opened the floor for nominations for Vice President of the EDA for 2015. Commissioner Whiting moved to nominate Commissioner Luce for Vice President of the EDA for 2015. Whiting/Lehman moved to cast a white ballot for Commissioner Luce as Vice President of the EDA for 2015.Motion carried 5-0. President Mocol opened the floor for nominations for Treasurer for the EDA for 2015. Commissioner Whiting moved to nominate Commissioner Tabke as Treasurer for the EDA for 2015. Whiting/Lehman moved to cast a white ballot for Commissioner Tabke as Treasurer of the EDA for 2015.Motion carried 5-0. President Mocol opened the floor for nominations for Secretary of the EDA for 2015. Commissioner Lehman moved to nominate Lori Hensen as Secretary of the EDA for 2015.Ms. DiMaggio requested the wording used to read City Clerk for Secretary.All were in consent. Lehman/Luce moved to close nominations for Secretary of the EDA for 2015.Motion carried 5-0. B. Appointments of Candidates to Fill Vacant EDAC Positions Ms.Wilson stated that on February 10th,the interview committee,comprised of Councilors Mike Luce and Kathi Mocol and EDAC member Kari McGuire interviewed candidates for openings on the EDAC.The interview committee is recommending the following individuals be appointed to the EDAC: Deb Barber* --Three-year term expiring on February 28,2018 Kevin Wetherille* --Three-year term expiring February 28,2018 If the EDA concurs with the recommendation of the Interview panel,it should,by motion,Adopt Resolution No. 2015-1,"A Resolution Making Appointments to the Economic Development Advisory Committee" appointing Deb Barber and Kevin Wetherille to three-year terms,to commence March 1, 2015.(Motion carried under Consent Agenda.) C. Authorization to Acquire MnDOT Parcels Ms.DiMaggio stated that on January 6,2015,the City Council approved a motion to accept MnDOT's offer letter.The offer letter was contingent on Planning Commission approval and Minnesota Pollution Control Agency(MPCA) The Planning Commission approval was granted on January 8,2015 and MPCA letters have been obtained. The final offer letter and quit claim deeds were reviewed by our city attorney's office. Ms. DiMaggio asked that funds be transferred into the EDA Fund and that the EDA authorize documents to purchase MNDOT parcels. Moved by Jay Whiting,seconded by Mike Luce to adopt a motion authorizing the acquisition of MnDOT parcels as per their offer letter for the payment of$926,670 with an inter-fund loan from the City's Equipment Fund and authorizing the appropriate EDA officials to execute the necessary documents to finalize the acquisition. Vote: 5 -0 Carried Discussion: Commissioner Lehman asked what the interest rate was on the loan,and also what the payback terms were. Ms.Wilson replied that when the City Council voted to acquire this property at this price,the direction was that the funds come from an inter fund loan from the City's Equipment Fund. Staff will have a recommendation on the next Agenda. D. Adopt Resolution No.2015-2,A Resolution Authorizing a Minnesota Investment Fund Application for Entrust Datacard Ms.DiMaggio said on October 7,2014,the Economic Development Authority held a public hearing and authorized Resolution No.2014-5,A Resolution Regarding the Authorization and Approval for a Minnesota Investment Fund Application,Grant Agreement and Forgivable Loan in Connection with Datacard Corporation or its Affiliates. The template drafted by Kennedy and Graven,Chartered,did not match the required Department of Employment and Economic Development(DEED)template word for word,therefor DEED is asking that we use the standard resolution they require. Commissioner Whiting asked if there were any changes to the Resolution.Ms.DiMaggio answered that other than a couple of words,there are no changes. Moved by Jay Whiting,seconded by Mike Luce to authorize Resolution No.2015-2,A Resolution Regarding the Authorization and Approval for a Minnesota Investment Fund Application,Grant Agreement and Forgivable Loan in Connection with Entrust Datacard or its Affiliates. Vote: 5-0 Carried 5. Adjourn to Tuesday,March 17,2015 at 7:00 p.m. Moved by Brad Tabke,seconded by Jay Whiting to adjourn. Vote: 5-0 Carried CLL Lori He n Acting City Clerk Heidi Emerson Recording Secretary