EDA Minutes 01-08-2014MINUTES
ECONOMIC DEVELOPMENT AUTHORITY (EDA) MEETING
Wednesday, January 8, 2014 - 6:00 p.m., Mississippi Room
Present: Bill Tapper, Tracy Hinz, Rod Dragsten, Tom Perrault, Brian Stumpf
Absent: Bill Demeules, Matt Frie
Others: Angela Schumann, Jeff O'Neill
1. Call to Order
Bill Tapper called the meeting to order at 6:00 p.m.
2. Acceptance of Minutes — December 11, 2013 Special and Regular Meetings
The special meeting and regular meeting minutes of December 11, 2013 were not
available for consideration at this time.
3. Consideration of additional agenda items None
4. Consideration of approving payment of bills
BRIAN STUMPF MOVED TO APPROVE PAYMENT OF BILLS THROUGH
DECEMBER 2013 IN THE AMOUNT OF $84,397.94. ROD DRAGSTEN SECONDED
THE MOTION. MOTION CARRIED 5 -0.
Angela Schuman indicated that Dan Wilson had confirmed that the invoices presented are
expected to be the final request for reimbursement of relocation costs submitted by the
dental office.
5. Consideration to request that the City Council call for a public hearing on a
Modification to the Tax Increment Financing Plan for Tax Increment Financing
District No. 1-39
Tammy Omdahl of Northland Securities stated that the EDA request that the City
Council call for a public hearing to modify the Tax Increment Financing Plan for TIF 1-
39 is essentially a housekeeping item which requires a formal notification and hearing
process.
The original TIF 1 -39 Plan included a budget $329,000 for land acquisition. The City and
the EDA had, however, approved a land transaction and authorized an interfund loan in
excess of that budget. The actual property purchase cost was $413,994.
EDA Minutes: 01/08/14
Omdahl pointed out that bonds would not be issued because state statute defines bonds as
inclusive of interfund loans for TIF districts. The EDA will be repaid for the value of that
land through future tax increment revenue collected.
ROD DRAGSTEN MOVED TO REQUEST THAT THE CITY COUNCIL CALL FOR
A PUBLIC HEARING ON A RESOLUTION FOR MODIFICATION TO THE TAX
INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT
NO. 1 -39 AND TO DIRECT STAFF TO WORK WITH NORTHLAND SECURITIES
TO PREPARE REQUIRED MODIFICATION DOCUMENTATION. BRIAN STUMPF
SECONDED THE MOTION. MOTION CARRIED 5 -0.
6. Consideration to provide direction as related to development of 2014 EDA workplan
Angela Schumann summarized that, although the EDA had accomplished some of its
2013 objectives, some gaps do exist. She suggested, in particular, that the EDA may want
to move the housing objective forward to 2014 in order to address utilizing the increment
available for these purposes.
Tom Perrault said that he'd noticed that there wasn't a for -sale sign on a particular
property owned by the EDA and asked that the sale of such properties be discussed as
one of the goals of the workplan. Schumann pointed out that the EDA/City Council
Acquisitions Team had recently completed a preliminary analysis of EDA owned
properties which would provide useful information to bring to that discussion.
Schumann proposed that the EDA conduct a workshop prior to its regular annual meeting
on Wednesday, February 12t` to begin to develop the 2014 workplan.
Tracy Hinz expressed an interest in allowing for additional time to discuss and define the
2014 workplan. Perrault suggested meeting before and after the regular EDA meeting.
TRACY HINZ MOVED TO CALL AN EDA WORKSHOP AT 5:00 PM ON
FEBRUARY 12TH, 2014 FOR THE PURPOSE OF DEVELOPING THE 2014 EDA
WORKPLAN. THE WORKSHOP WOULD RECESSS AT 6PM FOR THE REGULAR
EDA MEETING AND BE CONTINUED, IF APPROPRIATE, IMMEDIATELY
FOLLOWING THE REGULAR MEETING. TOM PERRAULT SECONDED THE
MOTION. MOTION CARRIED 5 -0.
7. Consideration of the Director's Report
TAC Update - The January 9' TAC meeting is to be rescheduled.
reSTOREing Downtown meeting — The reSTOREing Downtown Leadership Team will
meet Thursday, January 16th at 8 a.m. at the Monticello Community Center to provide an
update on 2013 activities and 2014 initiatives.
EDA Minutes: 01/08/14
EDA/CC Land Sale & Acquisition Team Meeting — As previously mentioned, this
group met to review and consider issues related to each EDA and City -owned property.
Results of that review will be summarized for the workshop.
Block 34 Properties - Staff continues to take steps toward establishing a new
redevelopment district on Block 34. This effort will be somewhat determined by
recommendations made by the TAC.
IEDC Workplan - Schumann briefly summarized the 2014 workplan recently adopted
by the IEDC. The IEDC reaffirmed their role in networking and advocating for economic
development and supporting the work of the TAC. In addition, members committed to
being proactive in bringing forward issues for discussion.
9. Adiournment
BRIAN STUMPF MOVED TO ADJOURN THE MEETING AT 6:16 P.M.
TRACY HINZ SECONDED THE MOTION. MOTION CARRIED 5 -0.
Recorder: Kerry Burri
Approved: February 12 , 14
Attest:
JefV02WW, City Administrator