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IEDC Minutes - 8/1/2023INDUSTRIAL & ECONOMIC DEVELOPMENT COMMITTEE (IEDC) MINUTES Tuesday, August 1, 2023 7:00 a.m. at Monticello Community Center Members Present: Chairperson Sarah Kortmansky, Vice Chairperson Luke Dahlheimer, Liz Calpas, Wayne Elam, Tracy Hinz, Joni Pawelk, Randy Skarphol, Rob Stark, Andrew Tapper, Darek Vetsch, Tony Velishek , Jared Merchant Members Absent: Kevin Steffensmeier, Corey Ritter Liaisons Present: Rachel Leonard, Jim Thares, Marcy Anderson, Jolene Foss, Tim Zipoy 1. Call to Order Chairperson Sarah Kortmansky called the regular meeting of the Monticello IEDC to order at 7:01 a.m. Approve Minutes: LIZ CALPAS MOVED TO APPROVE THE JUNE 6, 2023, REGULAR MEETING MINUTES. RANDY SKARPHOL SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. Consideration of Adding Items to the Agenda An Update from the county commissioner, Vetsch was added. 2. Regular Agenda A. Consideration of Appointing Liz Kokesh as a member of the IEDC MOVED TO ACCEPT THE APPOINTMENT OF LIZ KOKESH AS A MEMBER OF THE IEDC. JONI PAWELK SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY. Jim Thares reminded the Committee the appointment will be presented to the City Council to be approved. B. Table Topic — 2023 Legislative Session Authorized Economic Development Funding — MN -DEED Business Assistance Programs Jim Thares, Economic Development Manager, gave a condensed overview of new funding assistance programs administered by MN -DEED authorized by the Minnesota legislature during the 2023 legislative session. Deed received $1.8 million this year. In the past 7 years, a cumulative amount of $1.2 million has been provided to MN -DEED. A total of $800 million is available in the general fund for jobs, taxes, and cannabis, $443 million for capital investment which includes broadband, $50 million for a closing fund which allows DEED and the Governor with the ability to put forward proposals to competitively fund development projects. This is the first time Minnesota has had this type of funding tool which is similar to that of many other states. An additional $400 million was allocated to the Minnesota Forward Fund including $50 million for matching funding by Federal programs; $100 million to various DOD programs, as well as match dollars for bio industrial proposals and $250 for CHIPS matching funds. In addition, the two key mainstay programs, MIF and JCF, were fully funded at $20 million ($10 million to each program). These are the two programs that the City of Monticello has been to tap into for several recent projects over the past few years (Bondhus expansion, UMC expansion and Wiha Tools expansion). The Jobs bill provides for a one-time investment of $10 million, $7 million for the McKnight foundation, $6 million for Canstartup loans — including Cannabis business, $2 million for the Emerging Entrepreneur Fund, and $3 million for MCCD. MIF & JCF job and wage thresholds were also reduced making the funding more functional and accessible. The Jobs bill provides a one-time investment of $10 million for an Expanding Opportunity Fund with $7 million for the McKnight Foundations for their revolving loan funds, $6 million of Canstartuploans —financing for Cannabis businesses, $2 million for the Emerging Entrepreneur Fund, $3 million for Community Wealth Building Program (MCCD), The Tax bill funded the Angel Tax Credit at $10 million in FY24-25 but not ongoing and the Film Board Tax Credit was funded at $18.6 million in FY24-25 and $25.7 million in FY26-27. The City of Monticello received $500,000 in 2021 from the Community Energy Transition (CET) Program which is for cities to transition away from reliance on their power plants. The City is currently discussing a second application with the new funding in the CET program. The Jobs bill also provided $15 million in the FY24-25 biennium and $3 million in the FY26-27 biennium to support childcare economic development in Greater Minnesota. It also created an Office of Child Care and Community Partnerships at the Department of Employment and Economic Development, funded at $1 million in each biennium, and provides $7 million to the McKnight Foundations (Initiative Foundation) for their Child Care programming. A total of $1.5million was authorized to support immigrant and refugee integration, reduce barriers to employment, and improve connections between employers and jobseekers. The Jobs bill also makes a one-time $10million investment to modernize the digital tools that support workforce development initiatives across Minnesota. The legislature changed the law to remove this limitation during summer breaks to make these K-12 school workers eligible to collect UI benefits (bus drivers, non -instructional staff). Expectations on DEED staff as well as its partners and projects/initiatives being funded for the various economic development opportunities are very high due to the unprecedented level of funding, though it understood that it will take DEED a bit to get better organized to begin disbursing the new funding. Update From County Commissioner, Darek Vetsch Commission Vetsch shared an update on a draft Wright County Cannabis Moratorium. The Commissioners will be asked at the regular meeting on August 1, 2023, to schedule a Public Hearing on Tuesday, August 22, 2023, to present a draft ordinance restricting the use of cannabis in public places and vehicles in Wright County. This is a public health ordinance and would be enforced county wide. 3. Reports a. Economic Development L IEDC Event Updates 1. Business Round Table Jim Thares provided an update of the sub -committees' planning efforts. The event is scheduled for September 14, 2023, from 3:00-5:00 p.m. The location is Nordic Brewery. This event is informal with representatives from the Initiative Foundation, MNDEED, WCEDP, and Mr. Thares as Economic Development Manager will be there to answer questions and present Financial Options for Small Businesses. A "Save the Date" postcard and an email has been sent. Another would be sent later in the month. Mr. Thares is asking for assistance in getting the word out and is asking for all IEDC members to consider attending if their schedules allow. 2. Manufacturer's Appreciation Breakfast An internal committee has met and are scheduling a caterer, florist, and creating a "Save the Date" postcard. i 2nd Quarter Building Permits 2nd quarter construction of new single homes dropped significantly from 2nd quarter 2022, however, Commercial - Industrial New - Remodel — Addition ytd has increased by over $2 million. iii. Project Update Mr. Thares presented updates on several projects. • Block 52 Mixed Use Commercial -Residential Redevelopment— Finish edevelopment— Finish work is beginning on the interior of the building. The project is moving relatively fast and the projected may be ready to open in early 2024 as opposed to a previous projected date of May 2024. The Business Subsidy component of the Purchase and TIF Development Contract requires 45 new FTE jobs to be created by the development (by the new businesses that are located in the building). • Wiha Tools Warehouse Facility Development —The building walls and roof have been completed. Plumbing and utility connects, and floor preparations is currently under construction. Wiha is committed to an additional 59 FTE new jobs over the next 5 years. • Scooters Coffee Shop - Broke ground on May 25th • Deephaven 3rd — West Metro Optomology will be relocating from its long-time home at 504 Pine Street. • Sunny Days Therapy — Construction of the Sunny Day's is in the final phase. • Headwaters Villa Twin homes —10 units are planned to be completed by late July with balance of the 50 units would be placed and finished throughout the remainder of 2023. • Headwaters Apartments — The 102 -unit apartment building for ages 55 + is expected to begin in the fall of 2023 and progress through the entirety of 2024. • Monticello Lakes Apartments — Is a 200 -unit apartment development at the Pointes At Cedar (PAC) and is expected to begin construction mid -summer. • Take -5 car wash is scheduled to open this month. • Another multi -family unit proposal is in concept stage. • Additional commercial development is being proposed at various sites. iii. Prospects List 1. Mr. Thares highlighted the prospect list. During the past month five hotel developers contacted the city regarding potential hotel developments concepts. The 2020 Hotel Study results showed Monticello needs hotel space of at least a hundred rooms. 2. One new prospect on the list Project Flower M&M — Conceptual manufacturing 3. Continue to receive prospects from DEED for large projects. iv. Planning Commission A. Mr. Thares reviewed the Planning Commission 08/01/2023 Agenda. Prior to the meeting there is a special joint workshop City Council/Planning Commission, a concept review of a mixed-use property. The regular meeting includes 3 Public Hearings: a request of an amendment to the Haven Ridge 2nd Addition to the PUD design standards, an amendment to the Zoning Ordinance related to commercial animal kennels as a principal use, an amendment to the Zoning Ordinance approved language within Ordinance No. 799 as related to R-1, Single -Family Residential District b. City Council Rachel Leonard, City Administrator, highlighted a few items the council and staff have been working on. A Downtown public street improvement project bid opening has been approved, Budget Workshops are being held to give direction to staff for the 2024 budget. A preliminary levy will be approved in September. It should be noted that two active TIF Districts will be decertified with the taxes from those properties being fully available to fund general government functions. c. Wright County Economic Development Partnership (WCEDP) Jolene Foss, Wright County Economic Development Partnership Executive Director, highlighted upcoming events: • WCEDP 30th Anniversary —August 22, 4-7 p.m. — Buffalo Rodeo Grounds • WCEDP Golf Open — September 13th, 10:00 a.m. Albion Ridge • A follow up to a May 2023 BRE visit with Cargill is focused exploring addressing the demands of childcare. • Working on the 2024 Wright County Strategic Planning • An Economic Conference is scheduled for September d. Chamber of Commerce Marcy Anderson, Chamber of Commerce Director gave an update for the Chamber. The membership and attendance to events is back to pre -pandemic numbers. The Riverfest is considering resources for volunteers including non-profit organizations and students. 4. Next Meeting Reminder — Date: September 5, 2023 5. Adjournment (7:85 a.m.) THE REGULAR MEETING OF THE MONTICELLO IEDC. MEETING WAS ADJOURNED BY CONSENSUS. Recorder: Vicki Leerhoff Approved: September 5, 2023 Attest: Jarr>/es Tl�res, Economic Development Manager