HomeMy WebLinkAbout4. Approval of Minutes: November 06, 2002
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OFFICIAL PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
SHAKOPEE,MINNESOTA
REGULAR SESSION
November 6, 2002
Members Present: Link, Joos, Mars and Acting Chair Lehman.
Members Absent: None
Staff Present: Gregg V oxland, Finance Director; Mark McNeill, City Administrator;
Judith S. Cox, City Clerk; R. Michael Leek, Community Development Director; Bruce
Loney, Public Works Director/City Engineer, Jim Thomson, City Attorney; Paul Snook,
Economic Development Coordinator; Mark Themig, Facilities and Recreation Director;
and Dan Hughes, Chief of Police.
I. Roll Call:
Acting Chair Lehman called the meeting to order at 7 :46 p,m, Roll was taken as noted
above.
II. Approval of the A~enda:
Link/Mars moved to approve the agenda as presented. Motion carried 4-0.
III Approval of the Consent A~enda:
Link/Mars moved to approve the Consent Agenda as written. Motion carried 4-0.
A. Approval of Minutes for August 7, 2002 and September 3,2002.
Link/Mars moved to approve the August 7, 2002 and September 3,2002
meeting minutes. (Motion carried under the Consent Agenda).
IV. Financial:
A. Approval of Bills.
Link/Mars moved to approve the EDA bi11list in the amount of $20,691.57.
(Motion carried under the Consent Agenda).
V. Resolution 02-04, Decertifyin~ Tax Increment Financin~ District No.1 (K Mart
Distribution Center)
Gregg Voxland, Finance Director, addressed the decertifying of Tax Increment Financing
District No. 1. Mr. Voxland stated that Tax Increment Financing District No.1 was
required by State Law to be closed this year. Tax Increment Financing District No.1 had
lived out its life expectancy. Mr. Voxland noted that there was one final bond payment
due February 1, 2003 and any excess dollars had to be returned to Scott County for
redistribution of regular taxes. Mr. V oxland noted that there would be approximately
$200,000 going back to Scott County to be redistributed.
Joos/Link offered Resolution No. 02-04 A Resolution Of The Economic Development
Authority For The City of Shakopee, A Resolution Decertifying Tax Increment Financing
District No, 1, and moved its adoption.
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Official Proceedings of the November 6,2002
Economic Development Authority Page -2-
Mayor Mars noted that this TIF District had done very well for the City of Shakopee.
Motion carried 4-0.
VI. Small Cities Development Program.
A. Update from Carver Co. HRA.
Paul Snook, Economic Development Coordinator, approached the podium and
gave an update on the Small Cities Development Program. Mr. Snook noted the
following: 97% of the grant money in the Single-Family Residential portion had
been committed or allocated, 119% of the grant money in the Rental Residential
had been committed or allocated, (this includes a transfer from the commercial
portion ofthe grant monies) and 45% of the grant money in the Commercial
portion had been committed or allocated.
Mr, Snook noted that money had been transferred from the commercial portion of
the grant to the Rental Residential and Single-Family portions.
B. Informational Item: Grant Adjustment Notice from Department of Trade &
Economic Development.
Mr. Snook noted that a request to DTED had been submitted, per Council
direction, for a transfer of funds between programs. Specifically from
Commercial to the Single-Family Residential and Rental Residential. Mr. Snook
noted that Ms. Leona L. Humphrey, Community Development Representative
from DTED, did extend the Grant End Date of the Small Cities Development
Program to September 30,2003.
VII. Other Business:
There was no other business.
VIII. Adjourn:
Mars/Link moved to adjourn the meeting, The meeting adjourned at 7:53 p.m. Motion
carried 4-0.
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EDA Secretary
Carole Hedlund
Recording Secretary