EDA Meeting Minutes - 9/16/2024 (Workshop)MINUTES
WORKSHOP - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Monday, September 16, 2024 — 4:00 p.m.
Academy Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Vice President Jon Morphew,
Treasurer Hali Sittig, 011ie Koropchak-White, Rick Barger,
Mayor Lloyd H i lga rt
Commissioners Absent: Councilmember Tracy Hinz
Staff Present: Executive Director Jim Thares, Rachel Leonard, Angela
Schumann,
1. Call to Order
a. President Steve Johnson called the workshop meeting to order at 4:05 p.m.
2. Roll Call
a. President Johnson called the roll.
3. Consideration of Letter of Understanding for Land Acauisition in Otter Creek
Business Park — Niron Magnetics
Jim Thares, Economic Development Manager, presented the item referring to the
commitment for a site in Otter Creek Business Park (OCBP) to accommodate a
proposed industrial development. The EDA attorney reviewed and has
recommended staff to redraft. Mr. Thares provided a handout of suggestions from
the lawyer. They include but are not limited to
• $1 for a portion of 43 acres
• Process required to reach a decision authorization point
• Format of future agreement
Mayor Hilgart asked if they could provide a preliminary development agreement to
fulfil many of these requirements. Mr. Thares addressed that question that Niron
could do this.
Mr. Thares explained that the second phase parcel has a higher value and cost.
011ie Koropchak-White inquired what Niron plans to build on that parcel. If Niron is
not building all at the same time, can the EDA write off the land for $1 over the years
they are constructing all facilities? Mr. Thares explained the 3 buildings are initial
construction. Phases 2 and 3 would add other buildings. A follow-up questions is
would they ask for a new TIF district? Yes, that would be a possibility. Angela
Schumann, Community Development Director, shared they are planning on using
the shovel ready part first and explained the following phases by parcel.
Mr. Mayor inquired if there would be any land available for Dahlheimer Beverage
should they decide to expand. Angela Schumann noted that there is additional land
on their current site for an expansion.
Rick Barger inquired if the future phase 2 and 3 buildings on the south parcels would
hold chemicals and adhere to the 500-foot buffer since it is close to residential
properties. Mr. Thares said that staff is factoring that issue into the land siting
concepts that have been discussed with Niron Magnetics.
Ms. Schumann asked the EDA to provide input as to whether the EDA would want to
include all the property in the initial TIF valuation estimates or commit to only the
portion they readily need with an option agreement for additional acreage in the
future. Further discussion was held to clarify the phases and options.
Staff is asking for approval of the Letter of Understanding (LOU) as an initial concept
of further discussion and efforts in working with Niron Magnetics in its effort to
secure an industrial development site in Monticello.
Mr. Thares explained the timeline and actions needed for Niron to continue the
process.
1. JON MORPHEW MOVED TO AUTHORIZE LETTER OF UNDERSTANDING (LOU) TO
NIRON MAGNETICS AS PRESENTED FOR A SITE IN OTTER CREEK BUSINESS PARK
(OCBP). SECONDED BY RICK BARGER.
Clarification of the land size and steps was discussed.
MOTION CARRIED UNCNIMOUSLY, 6-0.
4. Adiournment
OLLIE KOROPCHAK-WHITE MOVED TO ADJOURN THE WORKSHOP MEETING OF
THE MONTICELLO EDA. HALI SITTIG SECONDED THE MOTION. MOTION CARRIED
UNANIMOUSLY, 6-0. MEETING ADJOURNED AT 4:52 P.M.
Recorder: Vicki Leerhoff <
Attes .-
Jim Th*es, economic Development Manager