HomeMy WebLinkAbout3.a. Approval of Minutes: June 16, 2009
OFFICIAL PROCEEDINGS OF THE ~
ECONOMIC DEVELOPMENT AUTHORITY
SHAKOPEE, MINNESOTA
Regular Session
June 16,2009
Members Present: President Matt Lehman, Commissioners Pat Heitzman, Steve Clay, Terry Joos,
and John Schmitt.
Staff Members Present: Mark McNeill, City Administrator; Jim Thomson, City Attorney; R. Michael
Leek, Community Development Director; and Bruce Loney, Public Works
Director/City Engineer; Kris Wilson, Assistant City Administrator and Judith S.
Cox, City Clerk.
1. Roll Call
President Lehman called the meeting to order at 7:42 p.m. and roll was noted as above.
2. Approval of the Agenda
Heitzman/Schmitt moved to approve the agenda. Motion carried 5-0.
3. Approval of Consent Items
Joos/Clay moved to approve the Consent Items:
3a. Minutes from May 19,2009
3b. Reimbursement to Valley Sports, 1120 First Avenue, in the amount of$433.00,
consistent with the loan agreement for this fac;:ade improvement
3c. Reimbursement to Scott County Historical Society, 235 Fuller Street South, in the
amount of$1,270.00, consistent with the loan agreement for this fac;:ade improvement
Motion carried 5-0.
4. Waiver of Residential Rehabilitation Loan.
Mr. Leek presented the EDA with the Request to Release Lien for Rehabilitation Loan for Property
Located at 338 2nd Ave. East.
Mr. Leek said the Carver County CDA received a request by Robert and Amy Tasto for a lien release in
connection with the residential rehabilitation loan they received for their property. The reason for the
request is that the homeowners have lost their local employment, and they are having to seek
employment outside the metro area. As a result, their home is currently on the market. Because the
balance owed on the property is more than the property is valued at, the Tastos are asking that the
remaining loan be released.
The original loan was made on January 30, 2004 in the amount of$19,000. Because 10% of these loans
are forgiven for each year that the loan recipient remains in the house, the remaining balance from
which the Tastos would be seeking release is $7,600.00. There was a consensus of the EDA to wait and
see the need and consider a lien waiver for what is needed when a potential sale materializes.
Clay/Schmitt moved to direct the Carver County Community Development Agency (CDA) to share the
records of what the funds were used for and at the time of the sale of the Tasto property that their
request be brought back to the EDA for its consideration. Motion carried 5-0.
5. Adjourn
Schmitt/Clay moved to adjourn. Motion carried 5-0. Meeting adjourned at 8:00 pm.
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( J dith S. Cox, EDA Secretary
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Kim Weckman, Recording Secretary