EDA Minutes 05-09-2018MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, May 9th, 2018 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: Steve Johnson, Bill Tapper, Tracy Hinz, 011ie Koropchak-White,
Lloyd Hilgart, and Jim Davidson
Commissioners Absent: Jon Morphew
Staff Present: Jim Thares and Angela Schumann
1. Call to Order
Steve Johnson called the meeting of the EDA to order at 6 p.m.
2. Roll Call
3. Consideration of additional agenda items
None.
4. Consent Agenda - ltem 4a through 4e
BILL TAPPER MOVED TO APPROVE THE CONSENT AGENDA WITH THE
REMOVAL OF ITEM C AND E. OLLIE KOROPCHAK-WHITE SECONDED THE
MOTION. MOTION CARRIED, 6-0.
a. Consideration of approving Regular Meeting Minutes — April 11, 2018
Recommendation: Approve the Regular Meeting Minutes — April 11, 2018.
b. Consideration of approving Special Workshop Meeting Minutes — April 11,
2018
Recommendation: Approve the Special Workshop Meeting Minutes — April 11,
2018.
c. Consideration of approving payment of bills
ITEM WAS REMOVED FROM THE CONSENT AGENDA.
d. Consideration of Stipulation of Minimum Improvements Certification at
Clear Creek Addition.... Otter Creek Subdivision
Recommendation: Authorize the Stipulation to Register Title to Lot 3, Block 1,
Clear Creek Addition, Wright County, Minnesota according to the recorded plat
thereof, subject to final comments of the title examiner.
e. Consideration of Resolution #2018-08 Approving an Interfund Loan Related
to Anticipated Land Acquisition, Relocation and Redevelopment
Expenditures in Block 52
ITEM WAS REMOVED FROM THE CONSENT AGENDA.
4c. Consideration of approving payment of bills
Bill Tapper asked for clarification on the Donald Salverda bill for $600. Jim
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Thares responded that it is a staff training program.
Tapper also asked if the bill from Braun Intertec was for the total cost for the
Phase I on 103 Pine Street and 112 W River St. Thares confirmed and added that
the reports came back clean.
Tapper asked why the EDA was responsible for paying property taxes for recently
acquired property. Thares explained that they were paid by the sellers at closing,
however the City's Finance Department also paid them accidentally. Wright
County will reimburse the City.
Tapper asked about the bills from the City of Monticello for the EDA properties.
Thares stated that it covered the basic charge of having the water and sewer run
past the property. Tapper also asked why electric was still being paid. Thares
stated that staff turned the electricity off at 349 Broadway W in the [past week
and 255 Broadway E would be turned off next week along with the gas.
BILL TAPPER MOVED TO APPROVE PAYMENT OF BILLS THROUGH
APRIL 2018. OLLIE KOROPCHAK-WHITE SECONDED THE MOTION.
MOTION CARRIED, 6-0.
4e. Consideration of Resolution #2018-08 ADDroving an Interfund Loan Related
to Anticipated Land Acquisition, Relocation and Redevelopment
Expenditures in Block 52
Steve Johnson noted that because of his property located in Block 52, he would
like to abstain from voting on the item.
BILL TAPPER MOVED TO ADOPT RESOLUTION 2018-08 AUTHORIZING
INTERFUND LOAN FOR ADVANCE OF CERTAIN COSTS IN
CONNECTION WITH PROPOSED BLOCK 52 TAX INCREMENT
FINANCING DISTRICT. JIM DAVIDSON SECONDED THE MOTION.
MOTION CARRIED, 5-0-1 WITH STEVE JOHNSON ABSTAINING.
5. PUBLIC HEADING — Business Subsidy Agreement — Bondhus Corporation
Consideration of Resolution #2018-09 Approving EDA-SCDP Loan Agreement with
Bondhus Corporation
Jim Thares indicated that Bondhus Corporation submitted a SCDP Loan program
application. Their project is an expansion of their facility. They are planning on adding
12,000 square feet and purchasing $500,000 in new equipment. The applicant applied for
$200,000 to cover some of the costs of the new equipment. Fifteen new jobs will be
created.
Steve Johnson opened the public hearing. Hearing no comments, the public hearing was
closed.
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BILL TAPPER MOVED TO ADOPT RESOLUTION #2018-09 APPROVING EDA-
SCDP LOAN AGREEMENT INCLUDING BUSINESS SUBSIDY AGREEMENT, IN
THE AMOUNT OF $200,000, WITH BONDHUS CORPORATION IN CONNECTION
WITH A MANUFACTURING FACILITY EXPANSION PROJECT. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0.
6. Consideration of Commercial Facade -Rehabilitation Loan Program
Angela Schumann explained the loan program would establish a fagade improvement
program that placed financial support for investments that improve the visual appearance
of the buildings and districts identity. According to a previous joint meeting, the
implementation of a loan program was one of the highest priorities by the EDA, City
Council, Parks Commission, and Planning Commission.
Schumann summarized the history of creating a potential loan program. She stated that
the latest draft was provided to the EDA's attorney for comments that would be provided
at a future meeting.
Schumann presented a summary of the potential loan program, with changes as indicated
in previous meetings.
Bill Tapper encouraged the EDA to set up a workshop meeting to further discuss the
program. He also suggested that prior to the potential workshop, the Cuningham Group
conduct a walking tour with the EDA to identify the consultant's vision of Broadway.
TRACY HINZ MOVED TO TABLE FOR STAFF TO PREPARE REVISIONS AS
DIRECTED BY THE EDA. BILL TAPPER SECONDED THE MOTION. MOTION
CARRIED, 6-0.
7. Director's Report
Jim Thares provided the Director's Report.
Discussion ensued about the potential services from Buxton. There was concern with
being locked into a three year contract. It was recommended to contact communities in
Minnesota that have utilized services from Buxton. Steve Johnson recommended a
workshop meeting to further discuss.
Thares provided an update to the EDA about the demolition of 255 East Broadway.
Quotes for a demolition permit will be coming to the EDA at a future meeting.
Thares introduced Sue Seeger, Creative Arts Consultant. Seeger asked the EDA for a pre -
approval for possible funds that could be received within the next week. The public art
project would be a "shimmerwall" mural on the building near the intersection of
Highway 25 and Broadway (behind the swan sculptures). The total cost of the project
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would be $17,398, with the grant covering $13,048. In-kind donations would be $4,350
that would come from the art's budget.
BILL TAPPER APPROVED THE PROJECT LOCATION ON THE EDA OWNED
PROPERTY AT 112 BROADWAY E. JIM DAVIDSON SECONDED THE MOTION.
MOTION CARRIED, 6-0.
8. Adjourn
BILL TAPPER MOVED TO ADJOURN THE MEETING AT 6:49 P.M. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0.
Recorder: Jacob Thunander
Approved: June 13, 2018
Attest:
Ji ares, Economic Development Director
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