EDA Minutes 04-11-2018 (Workshop Meeting)MINUTES
WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTH011 ETY (EDA)
Wednesday, April 11th, 2018 — 4:30 p.m.
Academy Room, Monticello Community Center
Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, 011ie Koropchak-White, and
Lloyd Hilgart
Commissioners Absent: Jim Davidson
Staff Present: Jim Thares, Angela Schumann and Wayne Oberg
1. Call to Order
Steve Johnson called the workshop meeting of the EDA to order at 4:30 p.m.
2. Roll Call
3. Consideration to review for comment draft Guidelines and Application for a
Downtown Facade Improvement Loan Grant program
Angela Schumann explained that at the prior meeting the EDA approved the drafting of
an illustration that would showcase the type of fagade improvements that businesses in
the downtown could make. The companion to that project was a set of draft guidelines
that were provided to the EDA Commissioners.
Schumann envisioned that a marketing piece would be created to showcase the fagade
improvement program. A number of promotion ideas, including personal delivery,
mailings, and social media, would be used to explain the program. Interested property
owners could then meet with City Staff to discuss their needs and wants from the
program, while incorporating ideas identified in the illustration and guidelines.
A draft of the proposed "Downtown Facade Improvement Loan Fund" guidelines were
distributed. EDA and City Staff further discussed criteria and potential work components
of the proposed loan -grant program.
Schumann summarized that she would pull apart the loan program to include a tenant
loan and property owner loan program. In addition, the EDA attorney will also review the
proposed guidelines for any legal issues. The geographic boundaries would also be
revised as suggested. Schumann also noted that the general fund would likely be the best
fund to utilize for the program, but that it would be fleshed out during the next set of
revisions with a pilot amount for the total fund. Steve Johnson suggested $200,000.
IT was consensus among the EDA members to move forward with the proposed loan -
grant program.
Economic Development Authority Minutes — April 11, 2018 Page 112
4. Discussion Regarding Rehabilitation Loan urogram
The EDA agreed that the priority for now is to first get the Downtown Fagade
Improvement Loan Grant going before formulating a rehabilitation loan program
concept.
5. Adjourn
BILL TAPPER MOVED TO ADJOURN THE MEETING AT 5:46 P.M. OLLIE-
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0.
Recorder: Jacob Thunander
Approved: May 9th, 2018
Attest:
Thares, Economic Development Director
Economic Development Authority Minutes — April 11, 2018 Page 2 12