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EDA Minutes 07-11-2018 (Workshop Meeting)MINUTES SPECIAL WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, July 11th, 2018 — 5:00 p.m. Academy Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, and Jim Davidson Commissioners Absent: 011ie Koropchak-White and Lloyd Hilgart Staff Present: Jim Thares and Angela Schumann 1. Call to Order Steve Johnson called the EDA workshop meeting to order at 5:00 p.m. 2. Roll Call 3. Downtown Facade Improvement Grant Program and Downtown Frontage and Signage Grant Program Guidelines The EDA discussed the Downtown Facade Improvement Grant Program and Downtown Frontage and Signage Grant Program guidelines. Angela Schumann summarized the program guidelines as discussed in the meeting. The EDA would allow a project funding range of $2,500 to $50,000 with the grantee providing 5% of the project costs in cash. The applicant could be the tenant or property owner. If the tenant completes the application, the property owner must also co-sign. One grant would be awarded per building for the facade improvement program. The grantee could also use multiple EDA (including a possible future frontage and signage program) or grant programs. The permitted uses for funds would be more inclusive (including windows and doors) and to be guided by architecture. Discussion ensued with several suggestions offered to clarify the Facade Guidelines regarding use of funds and process. Per the direction of the EDA, staff will revise the Guidelines to reflect the changes and bring it for consideration at the regular meeting on August 8th. It was decided to hold off on the Frontage Grant Program until after the Facade Program is launched. 4. Ad_i ourn BILL TAPPER MOVED TO ADJOURN AT 5:45 P.M. TRACY HINZ SECONDED THE MOTION. MOTION CARRIED, 5-0. Economic Development Authority Minutes — July 11, 2018 Page 112 Recorder: Jacob Thunander Approved: August 8, 2018 Attest: J Thares, Economic Development Director Economic Development Authority Minutes — July 11, 2018 Page 2 12