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EDA Meeting Minutes - 3/13/2024MINUTES REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, March 13, 2024 — 6:00 p.m. Mississippi Room, Monticello Community Center JOINT ECONOMIC DEVELOPMENT AUTHORITY AND CITY COUNCIL WORKSHOP MEETING 5:00 p.m. Business Subsidy Pre -Application Review Members Present: President Steve Johnson, Vice President Jon Morphew, Treasurer Hali Sittig, 011ie Koropchak-White, Rick Barger, Mayor Lloyd Hilgart Members Absent: Councilmember Tracy Hinz Staff Present: Executive Director Jim Thares, Angela Schumann, Matt Leonard 1. General Business A. Call to Order Mr. Johnson called the regular meeting of the Monticello EDA to order at 6:07 p.m. B. Roll Call 6:00 p.m. Mr. Johnson called the roll. 2. Consideration of Additional Agenda Items Mr. Johnson added an item to the agenda that would be presented after the first item of the regular agenda. City Engineer/Public Works Director Matt Leonard was present to provide an update regarding the City wells located on Block 34. 3. Consent Agenda A. Consideration of Payment of Bills B. Consideration of Approving Workshop Meeting Minutes — January 10, 2024 C. Consideration of Approving Regular Meeting Minutes —January 24, 2024 D. Consideration of Approving Workshop Meeting Minutes — February 14, 2024 E. Consideration of Approving Regular Meeting Minutes — February 14, 2024 F. Consideration of Resolution No. 2024-04 supporting Wright County Economic Development Partnership (WCEDP) in its Childcare Funding Grant Application LLOYD HILGART MOVED TO APPROVE THE EDA MARCH 13, 2024, REGULAR MEETING CONSENT AGENDA. HALI SITTIG SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 6-0 4. Public Hearing None 5. Regular Agenda A. Consideration of Business Subsidy Pre -Application Review — Silas Partners Proposal Executive Director Jim Thares provided an overview of the agenda item to the EDA and the public. In connection with the joint workshop meeting of the EDA and City Council that occurred before the regular meeting, the EDA was asked to provide their support for Silas Partners to formerly submit a business subsidy application for Tax Abatement. Jim Vos, of Silas Partners, addressed the EDA and the public. Stellis Health has conceptually proposed a new facility to be built at a location in Monticello bounded by Highway 25 to the West, and 85t" Street NE to the south. Mr. Vos noted that the current site is roughly 89 acres, and the Stellis Health campus only requires 25 +/- acres. The business subsidy application would be for assisting with installation of the public infrastructure on the site for the remainder of the site to be sold and developed separately. OLLIE KOROPCHAK-WHITE MOVED TO RECOMMEND THAT THE SILAS PARTNERS PROPOSAL CONTINUE FORWARD WITH FURTHER STEPS TO BRING A COMPLETE FINAL BUSINESS SUBSIDY TAX ABATEMENT APPLICATION BACK TO THE EDA FOR FINAL REVIEW AT A FUTURE MEETING. HALI SITTIG SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 6-0. Added Item 1. Consideration of an update from City Engineer/Public Works Director regarding City wells on Block 34 and EDA owned property along Palm Street and 4t" Street East. City Engineer/Public Works Director Matt Leonard provided an overview of the added agenda item to the EDA and the public. The City is currently in the design phase for a new Water Treatment Plant. A part of the design phase includes locating potentially new locations within the City for wells and relocation/removal of existing wells. One of the future sites identified for well locations in the City included the EDA's property along Palm Street and 4t" Street East. While considering the relocation of the two existing wells on Block 34, the EDA's property was identified as a potential location that would closely match the current production of those wells. Mr. Leonard requested permission from the EDA to conduct tests on the property for further research that would help the City better understand the potential of that location for wells in the future. Mayor Hilgart asked if the EDA's property could potentially have two wells on site. Mr. Leonard said that was a possibility. Mayor Hilgart asked if those potential well locations would be able to replace the capacity of those on Block 34, would the City decommission those two existing wells prior to them beginning to fail. Mr. Leonard said that is something that would be further discussed as the design continues. By consensus, the EDA granted permission to conduct tests on the Palm Street properties related to well locations. B. Consideration of Resolution No. 2024-05 Rescinding a Contract for Private Development (Washburn Computer Group Expansion) and Tax Increment Financing District No. 1-44 Mr. Thares provided an overview of the agenda item to the EDA and the public. The EDA adopted a TIF Plan for TIF District 1-44 in April 2022 in relation to a plan for Washburn Computer Group to expand their current facility at the corner of Chelsea Road and Fallon Avenue NE. The EDA attorney noted that sufficient time had passed since the approval of the district with no development occurring where reapproval of the district and plans for development would be necessary. HALI SITTIG MOVED TO ADOPT RESOLUTION 2024-05, RESCINDING APPROVAL OF CONTRACT FOR PRIVATE DEVELOPMENT AND TIF DISTRICT NO. 1-44. JON MORPHEW SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 6-0. 6. Other Business A. Consideration of Economic Development Manager's Report Mr. Thares provided an overview of the agenda item to the EDA and the public. No action was taken on the item. 7. Adjournment HALI SITTIG MOVED TO ADJOURN THE REGULAR MEETING OF THE MONTICELLO EDA. RICK BARGER SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 6-0. MEETING ADJOURNED AT 6:52 P.M. //-% Recorded BY Y g: Ha den Stens and Date Approved: April 10, 2024 ATTEST: Jim ybc*es, Executive Director