HomeMy WebLinkAbout3. Approval of Minutes: June 05, 2012 and June 19, 2012 OFFICIAL PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT
AUTHORITY SHAKOPEE,
MINNESOTA
Adj. Regular Session
June 5, 2012
Members Present: President Steve Clay, Commissioners Jay Whiting, Pamela Punt,
Matt Lehman and Brad Tabke.
Staff Members Present: Mark McNeill, City Administrator; Kris Wilson, Assistant City
Administrator; R. Michael Leek, Community Development Director;
Bruce Loney, Public Works /Engineer; Jim Thomson, City Attorney
and Julie Linnihan, Finance Director /City Clerk
1. Roll Call
President Clay called the meeting to order and roll was noted as above.
2. EDA and Council Open Public Hearing on Proposed Tax Increment Financing
District No. 15 and Contract for Private Development for Trident Development,
LLC Council Res. No. 7194; EDA Res. No. 12 -4 and 12 -5.
Whiting/Lehman moved to open the public hearing. Motion carried 5 -0.
Leek discussed the background of the project which is an 80 unit senior housing project
with independent assisted and memory care living. The proposed TIF district is a housing
TIF district and would remain in existence for up to 25 years. Under the TIF plan at least
20% (16) of the eighty (80) units will have to be available to persons with incomes at or
below 50% of the medium income in Scott County. Total increment available for the
project would be $1,000,000.00.
Tom Denaway of Springsted presented Council with the development overview, the major
components of a TIF Plan and the Pay -As- You -Go note.
Sean Nelson, unknown address, asked Council to consider their decision regarding the
TIF district. Mr. Nelson was advised that the project pertained to senior housing and not
low income housing as he thought.
Scott O'Brien with Trident Development explained to Council how the elderly waiver
program works in a TIF district.
Cncl. Lehman doesn't agree with the program because it doesn't guarantee that Shakopee
or Scott County residents will be the ones to benefit from the use of the 16 units set aside
for below medium income.
Whiting/Punt moved to close the public hearing. Motion carried 5 -0.
Whiting /Punt offered Resolution No. 12 -4, A Resolution Establishing Housing and
Redevelopment Project No. 2 and Approving a Redevelopment Plan Therefore; and
Establishing Tax Increment District No. 15 (Housing) and Approving a Tax Increment
Financing Plan. Also offered Resolution No. 12 -5, A Resolution Approving Contract for
Official Proceedings of the June 5, 2012
Economic Development Authority Page 2
Private Development With All Saints Senior Living Of Shakopee, LLC And Approving
The Issuance Of, And Directions For The Issuance Of Its Tax Increment Revenue Note,
Series 2012 In An Aggregate Principal Amount Not To Exceed $1,000,000. Motion
approved 4 -1 with Member Lehman opposing.
3 Adjourn.
Whiting /Punt moved to adjourn to Tuesday, June 19, 2012 at 7:00 P.M. Motion
carried 5 -0.
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/Julie Linnihan
Finance Director /City Clerk
Kim Weckman
Recording Secretary
OFFICIAL PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
SHAKOPEE, MINNESOTA
Regular Session
June 19, 2012
Members Present: President Steve Clay, Commissioners Jay Whiting, Pamela
Schurman, Matt Lehman and Brad Tabke.
Staff Members Kris Wilson, Assistant City Administrator; R. Michael Leek,
Present: Community Development Director; Bruce Loney, Public
Works /Engineer; and Jim Thomson, City Attorney
1. Roll Call
President Clay called the meeting to order and roll was noted as above.
2. Approval of the Agenda
Schurman/Whiting moved to approve the Agenda. Motion carried 5 -0.
3. Approval of the Minutes
Schurman/Whiting moved to approve the minutes of May 1, 2012 and May 15, 2012.
Motion carried 5 -0.
4. Approval of the Bills
Commissioner Lehman said he did not have a copy of the bills to approve. Mr. Leek
recalls the bills had to do with the recent request for tax incentive assistance.
Lehman/Tabke moved to approve the bills in the amount of $775.00 and ask that the
EDA is forwarded a copy of the bills. Motion carried 5 -0.
5. Appointment to the Economic Development Advisory Committee
Whiting/Lehman offered Resolution No. 12 -7, A Resolution Appointing Michael Morris
to the Economic Development Advisory Committee. Motion carried 5 -0.
6. Adjourn.
Lehman/Sherman moved to adjourn to Tuesday, July 17, 2012 at 7:00 P.M. Motion
carried 5 -0.
ulie Linnihan
Finance Director /City Clerk
Kim Weckman
Recording Secretary