EDA Minutes 06-13-2018MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, June 13th, 2018 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie
Koropchak-White, and Lloyd Hilgart
Commissioners Absent: Jim Davidson
Staff Present: Jim Thares, Angela Schumann, and Tammy Omdal (Northland
Securities)
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
Steve Johnson asked that Item 5 (41.), 6 (4.g.), and 7 (41.) be moved to the Consent
Agenda. The EDA concurred.
4. Consent Agenda - Item 4a through 4h
BILL TAPPER MOVED TO APPROVE THE CONSENT AGENDA. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-0.
a. Consideration of approving Regular Meeting Minutes — May 9, 2018
Recommendation: Approve the Regular Meeting Minutes — May 9, 2018.
b. Consideration of approving Special Workshop Meeting Minutes — May 9,
2018
Recommendation: Approve Special Workshop Meeting Minutes — May 9, 2018.
c. Consideration of approving Special Workshop Meeting Minutes — May 18,
2018
Recommendation: Approve Special Workshop Meeting Minutes — May 18, 2018.
d. Consideration of approving payment of bills
Recommendation: Approve the payment of bills through May, 2018.
e. Consideration of approving attendance at 2018 Summer EDAM Conference
Recommendation: Approve Economic Development Manager to attend the 2018
EDAM Summer Conference.
L Consideration of Termination of Contract for Private Redevelopment with
Master's Fifth Avenue
Recommendation: Adopt Resolution #2018-10 approving termination of the
Contract for Private Redevelopment with Master's Fifth Avenue in connection
with TIF District #1-35.
g. Consideration of Decertification of Redevelopment TIF District #1-35
Recommendation: Adopt Resolution #2018-11 approving decertification of
Redevelopment TIF District #1-35.
h. Consideration of Establishing Affordable Housing TIF District #1-40
Economic Development Authority Minutes — June 13, 2018 Page 1 1 3
Recommendation: Adopt Resolution #2018-12 approving establishment of an
Affordable Housing TIF District #1-40.
5. Consideration of 2018 MIF Statute Regarding 80-20 Opt Out Program
Jim Thares stated that the legislature is giving local jurisdictions the opportunity to free
up uses of the Minnesota Investment Fund (MIF) dollars. Thares indicated that there is
currently over $519,000 through MIF.
Lloyd Hilgart asked where the original money came from. Thares stated it was from
grants. Hilgart asked what the remaining money could be used for if moving forward
with the 80-20 opt out program. Thares indicated that it would be unrestricted money.
Tammy Omdal, Northland Security echoed Thares comments. She stated that it was a
policy decision of whether or not the EDA would like to free up funds. She encouraged
the EDA to consider the likelihood of using these funds in the near term versus holding
and waiting for a project to come along.
Hilgart asked when the EDA needed to make a decision on the opt out program. Thares
stated the deadline was June 30, 2018. Hilgart asked what would happen if the City
decided to not utilize the opt out program. Thares confirmed that it would remain for uses
as indicated by MIF guidelines.
BILL TAPPER MOVED TO ADOPT RESOLUTION #2018-13 AUTHORIZING THE
MIF OPT OUT PROGRAM BY SENDING $103,847 +/- BACK TO THE STATE.
OLLIE KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED, 6-
0.
6. Director's Report
Jim Thares provided the Director's Report.
Thares highlighted a volunteer tree planting project that the Monticello Rotary Club
completed. The Rotary Club donated $4,000 to plant trees along a grass pathway in Otter
Creek Business Park that connects to Bertram Chain of Lakes Regional Park. Steve
Johnson asked that City Staff send a thank you to the Rotary Club for their donation.
Thares also gave an update regarding 255 East Broadway. He noted that asbestos was
found in the walls and ceilings of the building and that would need to be removed prior to
demolition. City staff would be obtaining quotes for hazardous materials removal,
demolition, and a potential training burn by the Monticello Fire Department. The quotes
would come forward during the July EDA meeting.
Thares stated that the art grant was received to complete work on the EDA owned
property at 112 Broadway East. The art unveiling would occur on July 11 th prior to the
Riverfest celebration.
Thares asked if the funds from TIF 1-22 could be used on infrastructure. Tammy Omdal
Economic Development Authority Minutes — June 13, 2018 Page 2 13
explained that the EDA has identified pooled funds that can be spent on infrastructure
projects within the Central Monticello Redevelopment Area #1.
7. Adiourn
BILL TAPPER MOVED TO ADJOURN THE MEETING AT 6:31 P.M. LLOYD
HILGART SECONDED THE MOTION. MOTION CARRIED, 6-0.
Recorder: Jacob Thunander
Approved: July 11, 2018
Attest: tiVV1
Ji Thares, Economic Development Director
Economic Development Authority Minutes — June 13, 2018 Page 3 13