HomeMy WebLinkAbout3. Approval of Minutes: September 04 and 18, 2012 OFFICIAL PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
SHAKOPEE, MINNESOTA
Special Session
September 4, 2012
Members Present: President Steve Clay, Commissioners Jay Whiting, Pamela
Schurman, Matt Lehman and Brad Tabke.
Staff Members Mark McNeill, City Administrator; Kris Wilson, Assistant City
Present: Administrator; R. Michael Leek, Community Development Director;
Bruce Loney, Public Works/Engineer; Julie A. Linnihan, Finance
Director /City Clerk and Jim Thomson, City Attorney
1. Roll Call
President Clay called the meeting to order and roll call was noted above.
2. Approval of the Agenda
Lehman/Whiting moved to approve the agenda. Motion carried 5 -0.
3. Approval of the 2013 Economic Development Authority (EDA) preliminary budget
for the City of Shakopee.
Julie Linnihan, Finance Director, presented the EDA with the 2013 preliminary budget.
The 2013 budget provides for three significant adjustments from prior year budgets
which includes the recently approved Economic Development Specialist, a recently
approved facade loan program, and provides for fund transfers from the General Fund
Property Tax Levy for $80,000 EDA portion of the General fund levy, $150,000 Facade
Loan Program and $70,000 for the newly added position. Total transfer to the EDA fund
is $300,000.
Whiting/Tabke moved to approve preliminary 2013 EDA Budget. The final budget will
be presented to Council at the December 4, 2012 City Council meeting. Motion carried
3 -2 with Cncl's Lehman and Schurman opposing.
4. Adjourn.
Lehman/Schurman moved to adjourn. Motion carried 5 -0.
b S e d_,/
Julie A. Linnihan
Finance Director /City Clerk
Kim Weckman
Recording Secretary
OFFICIAL PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
SHAKOPEE, MINNESOTA
Regular Session
September 18, 2012
Members Present: President Steve Clay, Commissioners Jay Whiting, Matt Lehman and
Brad Tabke.
Members Absent: Commissioner Pamela Schurman
Staff Members Present: Mark McNeill, City Administrator; Kris Wilson, Assistant City
Administrator; R. Michael Leek, 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 call was noted as above.
2. Approval of the Agenda
Lehman/Tabke moved to approve the agenda. Motion carried 4 -0
3. Approval of the Minutes
Whiting/Lehman moved to approve the minutes of August 21, 2012.
4. Kari McKiver Subordination Determination for 606 3rd Ave. E.
Mr. Leek said the Kari J. McKiver, recipient of a residential rehabilitation loan for her
property at 606 Third Ave. E, has submitted a request for subordination to the Economic
Development Authority. Ms. McKiver is in the process of refinancing her current
mortgage with CitiMortgage and is asking that the City of Shakopee agree to take a
second lien position on a refinancing. She is attempting to take advantage of a drop in
mortgage interest rates.
Whiting/Tabke moved to approve the request for subordination of a rehabilitation loan
for 606 Third Avenue East, and direct staff to work with the Carver CDA to implement
the request, and moved its adoption. Motion carried 4 -0.
5. Franklin Haws Residential Rehabilitation Loan for 225 Sommerville Street.
Mr. Leek said the Carver CDA has received an application for loan under the Residential
Rehabilitation Loan Program for property located at 225 Sommerville St. The CDA
reviewed the application for compliance with program guidelines and they have
forwarded it to the City Council for approval as required by the agreement between the
City and Carver CDA.
Lehman/Whiting offered to approve the request for rehabilitation loan for 225
Sommerville Street, and directing staff to work with the Carver CDA to implement the
loan, and move its adoption. Motion carried 4 -0.
Official Proceedings of the September 18, 2012
Economic Development Authority Page 2
6. Presentation on SCALE First Stop Shop.
Lezlie Vermillion, Michale Sobota and Bob Vogel of the Scott County Association for
Leadership and Efficency (SCALE) regarding the "First Stop Shop" economic
development concept.
First Stop Shop will direct business prospects to those communities that can best
accommodate their needs. Serving in a liaison capacity, the First Stop Shop will also
assist both the community and the business prospect in completing the development
project. In addition, the First Stop Shop will serve as a key resource in providing
direction and advice to local elected officials on how they can enhance their ability to
retain and attract business development.
7. Lehman/Whiting moved to adjourn to Tuesday, October 16, 2012 at 7:00 p.m. Motion
carried 4 - 0.
J i e A . Linnihan / ' /
Finance Director /City Clerk
Kim Weckman
Recording Secretary