EDA Minutes - 02/08/2023MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, February 8, 2023 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Vice President Jon Morphew, 011ie
Commissioners Absent:
Staff Present:
1. Call to Order
Koropchak-White, Hali Sittig, Councilmember Tracy Hinz
(Treasurer)
Mayor Lloyd Hilgart
Executive Director Jim
Thares, Hayden Stensgard
President Steve Johnson called the regular meeting of the Monticello EDA to order at
6:00 p.m.
2. Roll Call 6:00 p.m.
Mr. Johnson called the roll.
3. Annual Business Meeting
a. Consideration of electing EDA Officers
Executive Director Jim Thares provided an overview of the agenda item to the
EDA and the public. The EDA is asked to elect officers on an annual basis in
February, those offices are President, Vice -President, and Treasurer. Historically,
City Staff has been the Secretary for the EDA, and will continue to do so unless
otherwise specified by the EDA. Mr. Thares also noted that the councilmembers
on the EDA are eligible to hold an EDA office.
Mr. Johnson entertained nominations for President.
011ie Koropchak-White nominated Steve Johnson for EDA President.
JON MORPHEW MOVED TO CLOSE NOMINATIONS FOR EDA PRESIDENT. HALT
SITTIG SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0.
Mr. Johnson entertained nominations for EDA Vice -President.
Steve Johnson nominated Jon Morphew for EDA Vice -President.
HALI SITTIG MOVED TO CLOSE NOMINATIONS FOR EDA VICE-PRESIDENT. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED
UNANIMOUSLY, 5-0.
Mr. Johnson entertained nominations for EDA Treasurer.
Tracy Hinz nominated Hali Sittig for EDA Treasurer.
JON MORPHEW MOVED TO CLOSE NOMINATIONS FOR EDA TREASURER. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED
UNANIMOUSLY, 5-0.
By consensus vote, the nominees were elected to their respective offices
unanimously, 5-0.
b. Consideration of reviewing EDA Bylaws
Staff and the EDA reviewed the EDA Bylaws and found there to be no revisions
necessary.
c. Consideration of reviewing EDA Enabling Resolution
Staff and the EDA reviewed the EDA Enabling Resolution and found there to
revisions necessary.
d. Consideration of EDA Financial Statements and Fund Balance Information
Executive Director Jim Thares provided an overview of the EDA 2022 financial
statements and fund balance information. The funding balance information
provided in the Statements is for year-end 2022.
Councilmember Tracy Hinz asked about the status of TIF District 1-22 in the
downtown area. Mr. Thares clarified that the decertification date of that TIF
district is within the next two years, and staff has been monitoring and preparing
accordingly.
4. Consideration of Additional Agenda Items
None
5. Consent Agenda
a. Consideration of Approving Regular Meeting Minutes — January 11. 2023
b. Consideration of Approving Payment of Bills
c. Consideration of Adopting Resolution 2023-01 Rescinding Purchase Agreement
with Powersports, LLC (Moon Motors) for a 1.46-acre parcel located at 9699
Fallon Avenue
d. Consideration of Adopting Resolution 2023-02 Rescinding Land Sale Option
Agreement with Washburn Computer Group connected to a 1.46-acre parcel
located at 9699 Fallon Avenue
e. Consideration of Adopting Resolution 2023-03 Rescinding Preliminar
Development Agreement (PDA) between Moon Motors, LLC for a 9.64-acre
parcel, Lot 1, Block 1, Otter Creek Crossing 7t" Addition, located in Otter Creek
Business Park for a potential warehouse development
TRACY HINZ MOVED TO APPROVE THE FEBRUARY 8, 2023, REGULAR MEETING CONSENT
AGENDA. HALI SITTIG SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0.
Regular Agenda
6. Economic Development Director's Report
Mr. Thares provided an overview of the agenda item. Mr. Thares gave an update of the
prospect list included in the agenda, and also noted that the EDA has received two
applications for the vacant position. It was anticipated the EDA will hold interviews prior
to its regular meeting on March 8, 2023.
Jon Morphew asked for clarification on how City staff is notified of the prospects within
the prospect list. Mr. Thares clarified that some of the inquiries are either directly to the
City or provided by the Minnesota Department of Employment and Economic
Development (MN -DEED). Often, Jim Gromberg WSB, is the source of the prospect
information because he is on MN-DEED's distribution list.
Mr. Thares also mentioned that the Economic Development Association of Minnesota
(EDAM) Day at the Capitol event is scheduled for February 22, 2023, and welcomed all
commissioners to attend.
7. Adjourn
TRACY HINZ MOVED TO ADJOURN THE REGULAR MEETING OF THE MONTICELLO EDA.
HALI SITTIG SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0, MEETING
ADJOURNED AT 6:33 P.M.
Recorded By: Hayden Stensgard
Date Approved: March 8, 2023
ATTEST:
ares, Executive Director