EDA Minutes 01-13-2021MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, January 13th, 2021— 6:00 p.m.
Mississippi Room, Monticello Community Center
Participants attended either in -person or remotely.
Commissioners Present: Steve Johnson, Bill Tapper, Jon Morphew, Tracy Hinz, 011ie
Koropchak-White, and Jim Davidson
Commissioners Absent: Lloyd Hilgart
Staff Present: Jim Thares and Rachel Leonard
1. Call to Order
Steve Johnson called the Regular Meeting of the Economic Development Authority to
order at 6:00 p.m.
2. Roll Call
3. Consideration of Additional Agenda Items
None.
4. Consent Agenda
BILL TAPPER MOVED TO APPROVE THE CONSENT AGENDA. JON MORPHEW
SECONDED THE MOTION. MOTION CARRIED, 6-0.
a. Consideration of Approving Workshop Meeting Minutes — December 9, 2020
Recommendation: Approve Workshop Meeting Minutes — December 9, 2020.
b. Consideration of Approving Regular Meeting Minutes — December 9, 2020
Recommendation: Approve Regular Meeting Minutes — December 9, 2020.
c. Consideration of Approving Payment of Bills
Recommendation: Approve Payment of Bills through December 2020.
Regular Agenda
5. Consideration of Proposed 2021 EDA Workplan
Jim Thares noted that during the December EDA workshop, the board reviewed the 2020
workplan and the process to accomplish a new 2021 workplan. Thares sent out the
materials to EDA members and encouraged them to provide comments and suggestions
for the new workplan. Thares noted that Steve Johnson and 011ie Koropchak provided
comments that were included in the agenda packet. Thares mentioned that those
comments were included in the revised proposed workplan. Staff wanted to ensure that
all members of the EDA had a chance to weigh-in on the 2021 workplan prior to
approval. Thares asked the EDA to review the Monticello 2040 Comprehensive Plan
Economic Development Authority Minutes — January 13th, 2021 Page 1 1 2
Economic Development implementation chapter and rank number the priorities. Thares
noted that a proposed 2021 workplan would be presented to the EDA for consideration at
the February 10, 2021 Regular Meeting.
Thares highlighted a few accomplishments and work progress from the rough draft of the
2021 workplan.
6. Economic Development Director's Report
Jim Thares provided the Economic Development Director's Report as provided in the
agenda packet.
Thares provided further detail regarding the River Street EDA owned property. He noted
that the property was purchased by the HRA in 1998 with the intent to purchase other
properties on that block. The HRA paid $55,700 for this property. The 2021 value of the
property is $50,000. Thares envisioned that the site would be suitable for one single
family residence.
Regarding the Block 52 developer discussions, the EDA concurred that staff should
follow up with Good Neighbor Properties, Alexandria, to further discuss redevelopment
of the block.
Discussion regarding the inclusion of the 4th Street properties in the EDA marketing plan
occurred. The EDA's intent for this property was for multi -family housing. Bill Tapper
mentioned concern with the two single family residential structures located between the
EDA's property and an existing apartment complex. He encouraged the EDA once those
properties are available that the EDA consider purchasing and repurposing those lots.
Thares mentioned another property that may be for EDA consideration for purchase due
to structural issues.
Tapper asked what was holding up Project Gia-Saurus. Thares noted it is a large, atypical
building and the cost of supporting infrastructure. He also noted the advantages and
disadvantages of each of the three locations that were determined in the land feasibility
study completed by WSB. Thares also added that the financing is not locked down at this
time either.
7. Adjourn
TRACY HINZ MOVED TO ADJOURN THE MEETING AT 7:13 P.M.
Recorder: Jacob Thunander
Approve
d• ebruary loth, 2021
1
Attest:
JimlThares, Economic Development Director
Economic Development �kuthof ity Minutes — January 131h, 2021 Page 2 12