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EDA Minutes 04-25-2019 (Special Meeting)MINUTES SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Thursday, April 25th, 2019 — 5:00 p.m. Academy Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, 011ie Koropchak-White, Lloyd Hilgart, and Jim Davidson Commissioners Absent: Tracy Hinz Staff Present: Angela Schumann, Jim Thares, and Jacob Thunander 1. Call to Order Steve Johnson called the Special Meeting of the EDA to order at 5:02 p.m. 2. Roll Call 3. Block 52 Redevelopment Discussion a. Summary Review of Block 52 Development Concepts (four concepts) Jim Thares provided an overview of the four concepts that were received for Block 52. A summary was provided in the EDA agenda. b. EDA Discussion - Impressions of Development Concepts Staff presented the four concepts on large paper to jot down the pro's and con's of each development. A summary of the EDA members' comments for Block 52 included: • Dense housing • Commercial/restaurant is a must • Full block redevelopment preferable • Underground parking • Property owners need to be approached c. Summary Review of Downtown Round Group's Impressions—Suggestions of Development Concepts Angela Schumann provided the EDA with a summary of the comments of each of the four concepts for Block 52 (as included in the agenda). d. Discussion of Next Steps in Block 52 Redevelopment Process Staff would create a series of questions to ask the developers that would focus on their ability to complete a full or half block development, land use, and ability to Economic Development Authority Minutes (Special Meeting) — April 25', 2019 Page 1 12 work with private property owners. 4. Facade Improvement Program Update This item was moved to a discussion item prior to 3a. Angela Schumann explained that meetings with property owners, the EDA's architect (Cuningham Group), and City Staff would occur on Friday, April 261. The purpose of the meetings would be to review their application and/or review any quotes that were submitted against the architect's renderings. The meeting would a discussion to occur regarding issues -questions for all parties involved. It was further discussed that the schedule for final approval would possibly occur in a potential late May meeting or at the regular June meeting. A public hearing notice would need to occur with posting in the official newspaper for each separate property in order to comply with the Minnesota Business Subsidy statute. Questions about allocation were raised. Schumann noted that per the EDA guidelines, a maximum of $50,000 could be authorized for any one property. If the EDA were to consider any additional grant dollars for a particular project, the Grant Program guidelines would need to be amended. Discussion then ensued regarding the concept of possible allocation of dollars by lineal square feet, facade square feet, location on the block or the amount of work/cost. No consensus was reached in this regard. 5. Adjournment JON MORPHEW MOVED TO ADJOURN THE MEETING AT 7:02 P.M. JIM DAVIDISON SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jacob Thunander Yr Approved: May 8, 2019 Attest: Thares, Economic Development Director Economic Development Authority Minutes (Special Meeting) — April 251, 2019 Page 2 1 2