EDA Minutes 07-10-2019 (Workshop Meeting)MINUTES
WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, July 10th, 2019 — 4:30 p.m.
Academy Room, Monticello Community Center
Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, 011ie Koropchak-White,
Tracy Hinz, Lloyd Hilgart, and Jim Davidson
Staff Present: Jeff O'Neill, Angela Schumann, Jim Thares, and Wayne Oberg
1. Call to Order
Steve Johnson called the workshop meeting of the EDA to order at 4:30 p.m.
2. Roll Call
3. 2020 Budget and HRA Lew Review
Jim Thares introduced the item by talking about the budget calendar cycle. Thares
provided a proposed 2020 EDA operating budget of $360,241. This number could be
adjusted based on the market value. Thares discussed the opportunity to update the
housing study in 2020. He recommended setting the levy at the highest amount due to
progress in downtown redevelopment efforts.
4. Fund Balance Review, Project Updates and Projected Fund Impacts
Jim Thares provided the fund balance review discussion. He also reviewed each of the
TIF districts with prospective committed allocations and post project balances for each
district.
5. Adjournment
TRACY HINZ MOVED TO ADJOURN THE MEETING AT 5:45 P.M. BILL TAPPER
SECONDED THE MOTION. MOTION CARRIED, 7-0.
Recorder: Jacob Thunander
Approved: August 14, 2019
Attest:
Jim T ares, Economic Development Director
Economic Development Authority Minutes (Workshop Meeting) — July 10th, 2019 Page 1 I 1