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EDA Minutes 11-18-2015 (Special Meeting)MINUTES SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY Wednesday, November 1811, 2015 4:30 p.m., Monticello Community Center Present: Bill Demeules, Bill Tapper, Tracy Hinz, Jim Davidson, Steve Johnson, Tom Perrault, Lloyd Hilgart Absent: None Others: Angela Schumann 1. Call to Order Bill Demeules called the special meeting to order at 4:30 p.m. 2. Purpose Angela Schumann explained that the purpose of the workshop is to begin developing the 2016 EDA work plan. She suggested that the work plan would be used to explain to the City Council how the EDA intends to use HRA levy funding. 3. Consideration of EDA Work Plan for 2016 Schumann pointed out that the EDA had accomplished some of the more immediate objectives identified in its 2015 work plan. She noted that many of the long -tenn objectives would require ongoing effort to accomplish. The commissioners discussed priorities related to the following workplan objectives and action statements related to each objective: o Continue to support redevelopment efforts for publicly -owned properties on Block 34 o Engage as a partner in other redevelopment opportunities as they arise, actively encouraging redevelopment within the TH25 /CSAH 75 area o Market industrial development at the Monticello Business Center (Otter Creek Business Park), targeting businesses which will be a supplier, customer or collaborative partner to existing businesses within the community o Encourage more proactive lead development and response in all market segments to support a diversified tax base o Market EDA incentive programs in a more proactive manner, both within the community and beyond, beginning with the education on these resources at the EDA level o Actively market for sale for development the EDA -owned properties at Cedar Street, 349 West Broadway and 413 W. 4th Street o Examine housing stock for aging or blighted properties and research development of programs for redevelopment and /or revitalization Special EDA Minutes: 11/18/15 o Support the development of the Destination for Innovation brand and implement in economic development activities o Consider housing increment resource in terms of strategic goals o Re- engage in business retention and expansion efforts There was considerable discussion related to how best to support downtown redevelopment on Block 34 as a top priority. Commissioners pointed to the importance of identifying viable options for moving forward those efforts already underway. The EDA reflected on its role in guiding development as it considered various action steps proposed. There was much discussion about the need to establish criteria for making development decisions and the need to be prepared, in terms of market analysis, site control, design scenarios, and financial tools, to take action as opportunities arise. Commissioners also commented on the value of networking, marketing and building relationships. Schumann suggested that the EDA may want to consider the option of contracting for development facilitation services. Schumann indicated that she would revise the 2016 workplan to incorporate the specific action statements proposed based on the workshop discussion for further consideration at a December EDA workshop. 4. Adjourn BILL TAPPER MOVED TO ADJOURN THE SPECIAL MEETING AT 5:53 PM. TRACY HINZ SECONDED THE MOTION. MOTION CARRIED 7 -0. Recorder: Kerry Burri Approved: December 9,-2 5? i Attest: "J Angela Schuma I � "o *unity Development Director 2