EDA Minutes 06-22-2011MINUTES
ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, June 22, 2011- 7:15 a.m.
Commissioners Present: President Bill Demeules, Treasurer Bill Tapper, Tracy Hinz, Matt Frie,
and Council Members Tom Perrault and Brian Stumpf
Staff. Executive Director Megan Barnett- Livgard
1. Call to Order
Bill Demeules called the meeting to order at 7:15 a.m.
2. Approve Meeting Minutes
a) May 11, 2011
BILL TAPPER MOVED TO APPROVE THE MAY 11, 2011 EDA MINUTES.
MOTION WAS SECONDED BY MATT FRIE. MOTION CARRIED 5 -0.
b) May 24, 2011
BILL TAPPER MOVED TO APPROVE THE MAY 24, 2011 EDA MINUTES.
MOTION WAS SECONDED BY BRIAN STUMPF. MOTION CARRIED 5 -0.
3. Consideration of additional agenda items
a) Update on EDA vacancy
4. Approval of EDA Invoices
Majirs! Advertising invoice represents the cost of newly designed folders and inserts
which match the look of the new EDA website.
BRIAN STUMPF MOVED TO APPROVE THE EDA INVOICES. MOTION WAS
SECONDED BY BILL TAPPER. MOTION CARRIED 5 -0.
Tom Perrault arrived at this point in the meeting.
5. Consideration of engaging the services of McComb Group to market downtown to
key entities
Staff met with consultant Jim McComb to begin to consider the implementation of the
Embracing Downtown project. They discussed various development financing options.
Economic Development Authority Minutes 06/22/11
Staff noted that the new jobs bill had been extended for another year and this would allow
the use of surplus TIF funds to kick start redevelopment projects.
McComb proposed that the City engage his services to put together redevelopment
proposals which focus on three key areas in the downtown and target specific end users. He
has direct relationships with a number of contacts, among them Kohl s, hotel, and a health
food store, which may bring catalyst projects to the downtown.
Staff pointed out that the McComb Group was chosen not only for its reputation and design
skills but for marketing connections to viable end users. The cost of engaging McComb's
services for marketing downtown would not exceed $5,000 and would be funded through
the EDA marketing budget.
BILL TAPPER MOVED TO ENGAGE THE SERVICES OF THE MCCOMB GROUP
TO MARKET DOWNTOWN MONTICELLO TO KEY ENTITIES. MOTION WAS
SECONDED BY TRACY HINZ AND WAS AMENDED TO REQUEST THAT THE
MCCOMB GROUP PRESENT A MARKETING UPDATE TO THE EDA WITHIN 3 -6
MONTHS. MOTION CARRIED 6 -0.
6. Director Report
The Embracing Downtown Monticello meeting is scheduled for Tuesday, June 28a' at 4
p.m.
Consideration of items added to the agenda
a) Update on EDA vacancy
One application had been received for the EDA vacancy. The EDA will consider all
applications received at their September meeting. The remaining term for the vacant
position will expire at the end of 2011.
8. Proceed to closed session to consider purchasing properties by the EDA
9. Adiournment
The meeting was adjourned at 7:31 a.m.
Recorder: Kerry T. Burri
Approved: July 13, 2011
Attest: by cG2J (jt(,ti/
Megan Barnett -Liv d, Executive Director