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EDA Minutes 08-26-2020MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, August 26th, 2020 —7:00 a.m. Academy Room, Monticello Community Center The EDA Meeting was held both remotely and in-person. Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie Koropchak-White, and Jim Davidson Commissioners Absent: Lloyd Hilgart Staff Present: Jim Thares 1. Call to Order 2. Roll Call 3. Consideration of Additional Agenda Items 4. Consent Agenda Consideration of Approving a Certificate of Completion for the Rivertown Residential Suites Apartment (The Briggs Companies) Development Jim Thares presented an update on the minor outstand exterior construction item. The new street light poles were installed as part of the building project though the light fixtures that were delivered were the wrong color. They have been reordered and are expected to be affixed to the poles by the end of October, 2020. The project is essentially complete and is being leased up. Mr. Briggs is currently discussing the best date to provide a tour of the finished project to the EDA. BILL TAPPER MOVED TO APPROVE THE CONSENT AGENDA. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 6-0. Regular Agenda 5. Consideration of Approving Small Business Emergency Grant Agreement in the Amount of $5,000 to Live Laugh Bloom Floral to Mitigate COVID-19 Economic Impacts Jim Thares presented a summary of the Emergency Grant Assistance Funding application from Live Laugh Bloom Floral. They have been impacted by the shutdown and the loss of spring school prom, wedding and family anniversary events. They are back open at reduced hours and with fewer full-time staff. They have to repair a large broken window in the front of the building and will use the funds to make the improvements. TRACY HINZ MOVED TO APPROVE ENTERING INTO A GRANT AGREEMENT WITH LIVE LAUGH BLOOM FLORAL, LLC FOR AN EMERGENCY ASSISTANCE GRANT IN THE AMOUNT OF $500. JIM DAVIDSON SECONDED THE MOTION. Economic Development Authority Minutes — August 2611, 2020 Page 1 1 2 MOTION CARRIED, 6-0. 6. Economic Development Director's Report Jim Thares updated the members on the efforts related to Project Gia -Saurus noting that meetings and discussions continue regarding optimum site and funding sources. He also informed the EDA members that the City of Monticello Fire Department has indicated that they will not conduct a training burn at 300 41h Street East due to the proximity of the neighboring structure and the desire to avoid problems from the heat against the adjacent home. The demolition contractor has been informed of the change and the price of $9,995 has been inserted into the revised contract and sent out for a final signature. He further noted that when the EDA approved the demolition quotes at its June 10, 2020 EDA meeting, they approved either a training burn demolition quote or a regular demolition process quote as part of the approval. A letter updating neighboring property owners is being sent out informing them of the change. 7. Adiourn TRACY HINZ MOVED TO ADJOURN THE MEETING AT 7:43 A.M. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jim Thares,,�� Approved: September 9th, 20 Attest. , Economic Development Director Economic Development Authority Minutes — August 26th, 2020 Page 2 12