EDA Minutes 07-22-2015 (Special Meeting)MINUTES
SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY
Wednesday, July 22, 2015 — 4:30 PM, Monticello Community Center
Present: Bill Demeules, Bill Tapper, Tracy Hinz, Jim Davidson, Steve Johnson, Tom
Perrault
Absent: Lloyd Hilgart
Others: Angela Schumann, Jeff O'Neill, Wayne Oberg
1. Call to Order
Bill Demeules called the meeting to order at 4:30 p.m.
2. Roll Call
Demeules called the roll. Lloyd Hilgart was not present.
3. EDA \HRA Lew
Demeules noted that the purpose of the meeting is to discuss the EDA/HRA levy. Angela
Schumann added that this discussion would enable the EDA to begin to formulate a levy
recommendation for City Council consideration by the September 15ffi levy filing
deadline.
Schumann provided a brief overview of each type of levy and responded to questions and
comments. She recommended that the commissioners refer to the Kennedy & Graven
memo included in the agenda packet for more detailed information about how the levies
function and the process involved in establishing a levy.
Schumann explained that a HRA levy is to be used for housing and redevelopment
activities. She pointed out that most cities that have established a HRA levy, however,
use it to fund all of their economic development needs.
Schumann said that Wayne Oberg prefers that the EDA establish a HRA levy and
recommends that the levy be used to fund the EDA's annual operating expenses.
Schumann also mentioned that Oberg had suggested that a HRA levy would have a
relatively small impact on individual homes.
There was considerable discussion about the extent to which the EDA should intervene to
enable downtown redevelopment. There were comments related to the need to level the
playing field to prompt development when the market does not seem to be driving
development.
There was also much discussion about how to frame the recommendation to levy so that
EDA Special Meeting Minutes: 7/22/15
it establishes the need for funding as well as the benefit of funding. Schumann pointed
out that the EDA could opt to levy for the cost of annual operating expenses only or opt
to levy for operating expenses and the estimated cost of economic development priorities
identified in the workplan. She noted that the EDA also has the option of recommending
both an EDA and an HRA levy to address funding needs.
Schumann agreed to provide additional information in an effort to help the EDA
determine and prepare its levy recommendation. The information requested includes
budget estimates pertaining to redevelopment project priorities, existing and anticipated
resources, expected shortfall, and options to address the funding gap.
STEVE JOHNSON MOVED TO DIRECT STAFF TO PREPARE ITEMS 1 -5 FOR
REVIEW AT A 4:30 PM SPECIAL MEETING (WORKSHOP) PRIOR TO THE
AUGUST 12TH, 2015 EDA MEETING. TRACY HINZ SECONDED THE MOTION.
MOTION CARRIED 5 -0. (Bill Tapper was not present to vote.)
4. Adiourn
TRACY HINZ MOVED TO ADJOURN THE MEETING AT 6:07 PM. TOM
PERRAULT SECONDED THE MOTION. MOTION CARRIED 5 -0. (Bill Tapper was
not present to vote.)
Recorder: Kerry Burri
Approved: Novemb^ 18, tO 15
Attest:
Development Director
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