HomeMy WebLinkAbout3. Approval of Minutes: November 20, 2012 OFFICIAL PROCEEDINGS OF THE
ECONOMIC DEVELOPMENT
AUTHORITY SHAKOPEE,
MINNESOTA
Regular Session
November 20, 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; Julie A. Linnihan, Finance
Director /City Clerk; Jamie Polley, Parks, Recreation and Natural
Resources Director; Jeff Tate, Police Chief; 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/Lehman moved to approve the agenda. Motion carried 5 -0.
3. Approval of Minutes of October 16, 2012.
Whiting /Schurman moved to approve the minutes of October 16, 2012. Motion carried 5-
0.
4. Bills in the Amount of 175.00 — Chamber of Commerce.
Lehman/Tabke moved to approve the bills in the amount of 175.00. Motion carried 5 -0.
5. Consideration of Amendments to the Contract for Prival Development (CPD)
between the City of Shakopee and All Saints Senior Living of Shakopee.
Michael Leek, Community Development Director, said the EDA is being asked to
approve the first amendment to the Contract for Private Development between the City of
Shakopee and All Saints, and to consent to pledge of TIF between All Saints and
Traditional Capital Bank.
Mr. Leek said the project developer wishes to increase the number of units to 84, which
requires an amendment to the CDP. Related to the amendment of the CPD is the request
that the City and EDA consent to the pledge of tax increment note between All Saints and
Tradition Capital Bank.
Roger Fink, Tradition Capital Bank, addressed the EDA regarding the change from
increasing the project to 84 units instead of the 80 units originally proposed.
Tabke /Whiting offered Resolution No. 12 -8 approving the first amendment to the CPD
between the City of Shakopee, EDA for the City of Shakopee and All Saints Senior
Living of Shakopee, LLC and the consent to the pledge of tax increment note between All
Saints and Tradition Capital Bank. Motion carried 4 -1 with Cncl. Lehman opposing.
Official Proceedings of the November 20, 2012
Economic Development Authority Page 2
6 Adjourn.
Schurman/Tabke moved to adjourn to Tuesday, December 4, 2012 at 7:00 P.M.
Motion carried 5 -0.
Julie Linnihan
Finance Director /City Clerk.
Kim Weckman
Recording Secretary