Minutes of the special meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held December 21st, 2004, at 7:45 o'clock a.m., at Apple Valley Municipal Center.

PRESENT: President Severson; Commissioners Edgeton, Erickson, Goodwin, Grendahl, and Hamann-Roland.

ABSENT: Commissioner Bergman.

Staff members present were: Executive Director Lawell, Secretary Mueller, Assistant to the City Administrator Grawe, and Community Development Director Kelley.

President Severson called the meeting to order at 7:46 a.m.

APPROVAL OF AGENDA

MOTION: of Hamann-Roland, seconded by Erickson, approving the agenda for today's meeting as presented. Ayes - 6 - Nays - 0.

MINUTES

MOTION: of Hamann-Roland, seconded by Erickson, approving the minutes of the special meeting of December 8th, 2003, as written. Ayes - 5 - Nays - 0 (Edgeton Abstained).

APPOINTMENT OF OFFICERS

MOTION: of Hamann-Roland, seconded by Grendahl, adopting Resolution No. EDA-04-1 appointing 2004 officers of the Economic Development Authority as: President - Severson, Vice-President - Goodwin, Secretary - Mueller, Treasurer - Erickson, and Assistant Treasurer - Mueller. Ayes - 6 - Nays - 0.

OWENS PROPERTIES PURCHASE TRANSFER

Mr. Kelley reviewed his memo dated December 17, 2004, describing the request of J.L. Owens Properties, L.L.C., to transfer its ownership of Lot 1, Block 2, Valley Business Park, to Valley Business Industrial Park, LLC. Owens acquired the property, at the southwest corner of 147th Street and Energy Way, from the EDA in April of 2004. Because it has been less than one year since the transaction occurred, the EDA can approve the sale or has the option to cancel the sale and buy the property back for its original sales price. The sales price was $1.75 per square foot or $176,988.00.

Mark Hebert, of Valley Business Industrial Park, was present to comment on his proposal to construct a multi-tenant limited industrial/office building of approximately 30,000 square feet. He does not have specific tenants at this time, but believes they will be similar to those in his Lakeville buildings. An employment audit for those projects was attached to the submittals for building permit authorization. (President Severson stated he would abstain from voting on this matter due to client conflict of interest.)

MOTION: of Erickson, seconded by Hamann-Roland, adopting Resolution No. EDA-04-2 approving the transfer of land sale for development of Lot 1, Block 2, Valley Business Park, from J. L. Owens Properties, L.L.C., to Valley Business Industrial Park, LLC, to construct an approximately 30,000 square-foot light industrial/
office building, subject to conditions contained in the documents; and authorizing the President and Secretary to sign the necessary documents. Ayes - 5 - Nays - 0 (Severson Abstained).

MOTION: of Hamann-Roland, seconded by Goodwin, to adjourn. Ayes - 6 - Nays - 0.

The meeting was adjourned at 7:57 o'clock a.m.