EDA Minutes 01-09-2019 (Workshop Meeting)MINUTES
WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, January 9th, 2019 — 4:30 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
1. Call to Order
Steve Johnson called the workshop meeting of the EDA to order at 4:30 p.m.
2. Roll Call
3. Review of Funds Balances
Jim Thares introduced the discussion item. He noted that the near year-end balance was
estimated at $1,180,000. He explained that the EDA would receive its 2019 tax levy from
the County in June and later in the year for a total of $350,000. Thares reassured the EDA
that it was expected that a parcel of land in Otter Creek Business Park would be sold to a
prospect for around $81,000 +/-.
Thares then moved into discussion regarding available TIF funds and current EDA
commitments from those funds. The two commitments at this point include $200,000 for
the fagade improvement grant program and the $400,000 TIF grant obligated to the
Briggs Apartment project known as Rivertown Residential Suites, LLC.
Thares indicated Wayne Oberg, Finance Director, would provide a financial report during
the annual meeting in February to the EDA.
4. 2019 EDA Annual Workplan
Jim Thares provided the 2018 summary report which highlighted accomplishments over
the past year.
Steve Johnson submitted a 2019 Goals & Objectives Worksheet; it is included in the
agenda packet.
Tracy Hinz asked that the EDA stay informed on projects happening throughout the
community. She asked so that the EDA could determine if there was the ability to partner
on different projects.
011ie Koropchak-White asked that the EDA add an item to the 2019 workplan to continue
Economic Development Authority Minutes (Workshop Meeting) — January 9, 2019 Page 1 1 2
partnering with the IEDC, Wright Technical School, and the public schools for workforce
development. Koropchak-White also recommended working with the Monticello Times
to produce two articles a year for an industrial business spotlight.
Bill Tapper asked that the EDA monitor commuter rail development in the metro and
surrounding area.
5. Other
None.
6. Adjournment
JIM DAVIDSON MOVED TO ADJOURN THE MEETING AT 5:56 P.M. TRACY
HINZ SECONDED THE MOTION. MOTION CARRIED, 6-0.
Recorder: Jacob Thunander_ �{' 1
Approved: February 13, 2019
Attest: tMn
Economic Development Director
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