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EDA Minutes 03-21-2019 (Special Meeting)MINUTES SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Thursday, March 21St, 2019 — 4:00 p.m. Academy Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, 011ie Koropchak-White, Lloyd Hilgart, and Jim Davidson Commissioners Absent: Jon Morphew and Tracy Hinz Staff Present: Angela Schumann, Jacob Thunander, Jeff O'Neill, and Jim Thares 1. Call to Order Steve Johnson called the special meeting of EDA to order at 4:00 p.m. 2. Roll Call 3. Consideration of Biff s Garage, LLC (112 West River Street) Lease Extension The EDA discussed a lease extension of Biff's Garage at 112 West River Street. Jordan Dickenson, business owner was present. BILL TAPPER MOVED TO APPROVE RESOLUTION 2019-02 APPROVING THE FIRST AMENDMENT TO THE PROPERTY MANAGEMENT AND LEASE AGREEMENT WITH BIFF'S GARAGE, LLC ALLOWING THE CONTINUED USE OF THE PROPERTY FOR AN ADDITIONAL 75 DAYS UNTIL JUNE 15, 2019. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. Discussion pursued with Dickenson regarding the June 15 deadline. Dickenson indicated that their new property in Osseo has not received their Certificate of Occupancy due to Xcel Energy needing to move the service line 30 feet. The project has been on hold by Xcel due to other priorities. It was clarified that thirty -days' notice to vacate would be provided by the EDA. BILL TAPPER AMENDED THE MOTION TO ADOPT RESOLUTION 2019-02 APPROVING THE FIRST AMENDMENT TO THE PROPERTY MANAGEMENT AND LEASE AGREEMENT WITH BIFF'S GARAGE, LLC ALLOWING THE CONTINUED USE OF THE PROPERTY FOR AN ADDITIONAL 90 DAYS UNTIL JUNE 30, 2019. OLLIE KOROPCHAK-WHITE AGREED TO THE AMENDDED MOTION AND FURTHER SECONDED THE MOTION. MOTION CARRIED, 5-0. Steve Johnson removed himself from discussion regarding Block 52. 4. Consideration of Discussion -Interview with Prospective Block 52 Developers: 4:15 p.m. The Beard Group, Hopkins, MN Economic Development Authority Workshop Minutes — March 215, 2019 Page 1 12 The EDA met with the Bear Group (Ben Beard and Bill Beard) to review a concept for Block 52. The concept showed redevelopment of the entire block with high density residential on the west of the site, with retail/commercial/restaurant space to the northeast and east on the site. 5:45 p.m. Alliance Building Corporation -INH Property Partners Group The EDA also met with Alliance Building Corporation (Corey Gerads), Cole Architects (Dave Majchrzak), and INH Property Partners Group (Mike Stoebe). They proposed two different scenarios. The first scenario utilized only the north half of the block and only included high density residential. The second scenario also focused on the north half of the block with residential to the northeast corner. Under their plan, the commercial redevelopment on the south side of the block would be left to a different developer as a separate project with its own timeline and approval process. 5. Adjournment JIM DAVIDSON MOVED TO AJOURN THE MEETING AT 6:51 P.M. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 4-0. Recorder: Jacob Thunander Approved: April 10, 2019 Attest: U/A / In hares, Economic Development Director Economic Development Authority Workshop Minutes — March 2151, 2019 Page 212