EDA Minutes 09-11-2019 (Workshop Meeting)MINUTES
WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, September 11, 2019 — 4:30 p.m.
Academy Room, Monticello Community Center
Commissioners Present: Bill Tapper, Jon Morphew, 011ie Koropchak-White, Lloyd Hilgart and
Jim Davidson
Commissioners Absent: Steve Johnson and Tracy Hinz
Staff Present: Angela Schumann, Jim Thares, and Matt Leonard
1. Call to Order
Bill Tapper called the workshop meeting of the EDA to order at 4:30 p.m.
2. Roll Call
3. Otter Creek Stormwater Drainage Update — Matt Leonard, City Engineer and
Public Works Director
Jim Thares stated that WSB had created a stormwater management plan for Otter Creek
Business Park several years back. He introduced Matt Leonard to the EDA.
Leonard stated that staff went back to the plan to review in further detail. He noted that
ponding is sufficient for the area currently. It was noted once full build out of the park
occurs, additional ponding will be necessary. These ponds would occur along Chelsea
Road and on the Dahlheimer Beverage parcel.
4. Fund Balance Review, Project Updates and Projected Fund Impacts
Jim Thares provided the fund balance review of the various EDA FUNDS and projected
impact analysis from usage of the dollars in each FUND for various purposes over the
next 18 months.
Discussions regarding the possible expansion of UMC occurred along with land transfers
to make the project a reality. The EDA also discussed the possibility of a new public
works facility in Otter Creek.
Thares noted that Bondhus Corporation is seeking additional gap financing funds. He
noted that the expansion would be to add a new line of hand held hex tool products.
It was noted that the City Council recently adopted the preliminary HRA budget that the
EDA recommended.
Economic Development Authority Minutes (Workshop Meeting) — September 11th, 2019 Page 1 1 2
5. Adjournment
JON MORPHEW MOVED TO ADJOURN THE MEETING AT 5:16 P.M. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 5-0.
Recorder: Jacob Thunander aT
Approved: October 9, 2019
Attest:
Thares, Economic Development Director
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