EDA Minutes 08-13-2008i
MINUTES
CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
Wednesday, August 13, 2008
6:OOpm
1. Call to order
Chairman Demeueles called the meeting to order and declared a quorum.
2. Roll Call
On roll call, the following Commissioners were present:
Chair Bill Demeules
Treasurer Bill Tapper
Commissioner Bob Viering
City Council Mayer
Vice President Dan Frie
• Absent: Commissioner Fair and Mayor Herbst
Also present Executive Director Megan Barnett, Administrator Jeff O'Neill, and Finance
Director Tom Kelly.
3. Introduction of Executive Director
Administrator O'Neill introduced Executive Director Megan Barnett. Ms. Barnett provided a
brief explanation of her professional history.
4. Report of Committees:
Marketing
The marketing committee did not meet
•
Fiber Optics
Commissioner Mayer stated he is receiving feedback from the community regarding
incorrect information about the potential fiber optic project. Discussion occurred regarding
easement logistics for the anticipated fiber optic line. Council member Mayer discussed the
fiber loop project, he stated the loop will have Internet capability. It is anticipated that cable
and TV will be added at a later date.
Higher Education
Administrator O'Neill stated the Higher Education Commission is working on developing a plan
for a pilot program to inventory training needs for existing businesses in Monticello. The
Committee is further researching venues in order to meet the established training needs. O'Neill
stated that the committees will most likely approach various jurisdictions and private investors in
order to fund the program.
5. New Business•
• TIF Reports
Finance Director Tom Kelly stated that the City was successful in complying with regulatory
requirements related to publishing and reporting TIF districts. Discussion ensued around the
current standings of the districts. Finance Director Kelly stated that there were no red flags at this
time, however the EDA and Executive Director may want to look at decertifying some of the
districts to get them back on the tax payrolls.
Ms. Barnett stated she would put together a summary of all the TIF districts to include the
following information: the TIF districts are overall financially status, what districts are ready to
sunset, and if there are any available funds within the districts.
Kelly stated that the Downtown District looks to sunset in the year 2024. Further analysis may
want to be completed to determine if this date could impede future redevelopment efforts.
Sale of property located at 300 4th Street E
Administrator O'Neill stated he was approached by George Larson, who owns the property
located at 300 4th Street E ,regarding the potential for the City to purchase his property. O'Neill
provided the EDA with detailed information about the existing under utilized condition of the
property and the asking sale price.
C`
Commissioner Mayer asked O'Neill what the benefit would be in purchasing Mr. Carson's
property. O'Neill stated this property is a key piece to further redevelopment within the
immediate area. O'Neill stated this could be an opportunity the City may not have in the future if
the EDA wants to develop this property in the future. The EDA questioned where funding
sources could be utilized for the purchase of this property and future purchases of underutilized
properties. The consensus of the authority was there needed to be a plan in place instead of a
"shot gun" approach.
The EDA stated they are interested in obtaining an inventory of City owned property and
identify properties within the downtown area that may need to be redeveloped in the future. The
EDA stated they would like to make a priority list of potential properties to purchase.
The EDA directed Staff to: inventory property within the City and make a list of potential
redevelopment areas and research current and potential funding sources. The EDA and Staff will
then work together to establish a priority for purchasing said properties.
6. Adjournment
• COMMISSIONER FRIE MOTIONED '1~0 ADJOURN
MOTION SECONDED BY COMMISSION MAYER. MOTIONED CARRIED 5-0
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President
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