EDA Minutes 04-13-2011Economic Development Authority Minutes 04/13/11
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, April 13,2011 - 6:00 p.m.
Commissioners Present: President Bill Demeules, Treasurer Bill Tapper, Tracy Hinz, Matt Frie,
and Council Members Tom Perrault and Brian Stumpf
Commissioners Absent: Bill Fair
Staff: Executive Director Megan Barnett - Livgard
1. Call to Order
President Demeules called the meeting to order at 6 p.m.
2. Approve Meeting Minutes
a) March 9, 2011
BILL TAPPER MOVED TO APPROVE THE MARCH 9, 2011 EDA MINUTES.
MOTION WAS SECONDED BY TOM PERRAULT. MOTION CARRIED 6 -0.
3. Consideration of additional agenda items
a) Potential project utilizing the jobs bill
4. Approval of EDA Invoices
BILL TAPPER MOVED TO APPROVE INVOICES. MOTION WAS SECONDED BY
TRACY HINZ. MOTION CARRIED 6 -0.
5. Consideration of authorizing Ehlers and Associates to complete an in depth review of
TIF District 1 -22 and complete records retention for districts 1 -23 —1 -36
Barnett - Livgard reviewed the fact there are "surplus" funds in TIF 1 -22 that need to get
sorted out. Staff would like Ehlers to complete an in -depth review of the district to
determine how much surplus the EDA could pool and utilize for a project, what types of
projects would qualify, and what amount the EDA will need to decertify.
Ehlers and Associates is proposing to charge $195 per hour at a maximum fee of $1,500 to
Economic Development Authority Minutes 04/13/11
complete the review and outline a definite strategy. Attached is a proposal from Bruce
Kimmel.
Barnett - Livgard also requested Ehlers complete a records retention project for districts
1 -23 through 1 -36.
BILL TAPPER MOVED TO APPROVE AUTHORIZING EHLERS AND ASSOCIATES
TO COMPLETE AN IN DEPTH REVIEW OF TIF DISTRICT 1 -22 AND COMPLETE A
RECORDS RETENTION PROJECT FOR THE REMAINING DISTRICTS. MOTION
WAS SECONDED BY BRIAN STUMPF. MOTION CARRIED 6 -0.
6. Discuss consideration by the City Council of an update relating to the Monticello
Zoning Code regulations for Adult- Oriented Land uses
Barnett - Livgard reviewed the reason the City is going through an update to the zoning code
and stated the City Council will be reviewing the item at their April 25, 2011 meeting. No
action was required by the EDA.
Marketing Update
No marketing update at this time.
8. Director Report
The Director Report was included as part of the agenda packet submitted to the EDA.
9. Proceed to closed session to consider purchasing properties by the EDA
President Demeules moved to a closed session for the purpose of discussing potential
purchase of property from John Chadwick. After discussion was completed, President
Demeules ended the closed session and returned to the regular meeting at 6:55 p.m.
10. Consideration of accepting Mr. John Chadwick's counter offer for the purchase of
his 13.6 acre parcel legally referred to as PID 15517100006
The EDA discussed a purchase price in a closed session. The EDA directed city staff to
present a counter offer to Mr. Chadwick.
TRACY HINZ MOVED TO DIRECT STAFF TO PROVIDE A COUNTEROFFER FOR
JOHN CHADWICK'S PROPERTY OF 13.6 ACRES. MOTION WAS SECONDED BY
BRIAN STUMPF. MOTION CARRIED 5 -1 WITH TOM PERRAULT OPPOSED.
Economic Development Authority Minutes 04/13/11
11. Consideration of items added to the agenda
a) Potential project utilizing the jobs bill
Barnett- Livgard reviewed a potential opportunity to assist a developer in kick starting a
retail multi -tenant building. The jobs bill is anticipated to expire on July 1, 2011. The
City has the opportunity to assist in financing the gap in order to spur private
development.
There were a number of questions about using the jobs bill and the likely funding source
for any gap financing. In addition, there was some discussion about the risk involved
should other financing fall through.
BILL TAPPER MOVED TO DIRECT STAFF TO BEGIN WORKING WITH THE
DEVELOPER TO EXPLORE DETAILS AND VIABILITY OF SAID RETAIL
PROJECT UTILIZING THE JOBS BILL. MOTION WAS SECONDED BY BRIAN
STUMPF. MOTION CARRIED 6 -0.
12. Adiournment
BILL TAPPER MOVED TO ADJOURN THE MEETING AT 7:15 PM. MOTION WAS
SECONDED BY MATT FRIE. MOTION CARRIED 6 -0.
Recorder: Megan Barnett- Livgard
Approved: May 11, 2011
Attest:
eg nett- ivgard, Executive lector
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