EDA Meeting Minutes - 02/09/2022MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, February 9th, 2022 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Members Present: President Steve Johnson, Treasurer Tracy Hinz, 011ie Koropchak-White,
Councilmembers Lloyd Hilgart and Jim Davidson
Members Absent: Jon Morphew, Hali Sittig
Staff Present: Executive Director Jim Thares, Sarah Rathlisberger, Hayden Stensgard
1. Call to Order
EDA President Steve Johnson called the regular meeting of the Monticello Economic
Development Authority to order at 6:08 p.m.
2. Roll Call
Mr. Johnson called the roll.
3. Annual Business Meeting
a. Consideration of electing EDA Officers
OLLIE KOROPCHAK-WHITE NOMINATED STEVE JOHNSON FOR THE POSITION OF
EDA PRESIDENT.
There were no other nominations for the position of EDA Vice President.
TRACY HINZ NOMINATED JON MORPHEW FOR THE POSITION OF EDA VICE
PRESIDENT.
There were no other nominations for the position of EDA Vice President.
OLLIE KOROPCHAKE-WHITE NOMINATED TRACY HINZ FOR THE POSITION OF EDA
TREASURER.
There was no other nomination for the position of EDA Treasurer.
STEVE JOHNSON MOVED TO ELECT THE NOMINATED EDA MEMBERS BY
UNANIMOUS BALLOT. MOTION CARRIED UNANIMOUSLY, 5-0.
b. Consideration of reviewing EDA Bylaws
c. Consideration of reviewing EDA Enabling Resolution
d. Consideration of EDA Financial Statements and Fund Balance Information
Finance Director Sarah Rathlisberger provided an overview of the 2021 financial
statements and fund balance to the EDA and the public. Ms. Rathlisberger
provided an update on the City's current Tax Increment Financing (TIF) Districts
and which districts will become decertified in the near future.
Tracy Hinz noted the importance of being proactive in preparing for future
decertification of TIF Districts.
4. Consideration of Additional Agenda Items
None
5. Consent Agenda
a. Consideration of Approving Regular Meeting Minutes —January 12th, 2022
b. Consideration of Approving Payment of Bills
TRACY HINZ MOVED TO APPROVE THE CONSENT AGENDA. JIM DAVIDSON SECONDED
THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0.
Regular Agenda
6. Consideration of Adopting Resolution #2022-02 Requesting the City Council call for a
Public Hearing regarding the establishment of Economic Development TIF District #1-
44 related to Washburn Computer Group's proposed facility expansion
Economic Development Director Jim Thares provided an overview. Washburn Computer
Group is currently looking to expand on their current site located at the corner of
Chelsea Road and Fallon Avenue. Washburn Computer Group is currently leasing
storage space in two other buildings in Monticello. The proposed expansion plans will
consolidate its processing and warehousing activities into one facility. The
establishment of the TIF District will assist Washburn Computer Group with potential
land acquisition, site prep, etc.
Mike Willard, President of Washburn Computer Group, introduced himself and
expressed his appreciation for the opportunity of assistance the community has
provided.
OLLIE KOROPCHAK-WHITE MOVED TO ADOPT RESOLUTION #2022-02, REQUESTING THE
CITY COUNCIL CALL FOR A PUBLIC HEARING REGARDING THE ESTABLISHEMENT OF
ECONOMIC DEVELOPMENT TIF DISTRICT #1-44 RELATED TO WASHBURN COMPUTER
GROUP'S PROPOSED FACILITY EXPANSION. SECONDED BY JIM DAVIDSON. MOTION
CARRIED UNANIMOUSLY, 5-0.
7. Consideration of authorizing entering into a Professional Services Contract with
Northland Securities, Inc. (NSI) in the amount of $9,200 for TIF District Analysis and
Plan Preparation related to proposed establishment of Economic Development TIF
Mctrirt ft1-aa
Mr. Thares provided an overview.
TRACY HINZ MOVED TO APPROVE NSI FINANCIAL PLANNING AGREEMENT FOR SERVICES
RELATED TO CREATION OF AN ECONOMIC DEVELOPMENT TIF DISTRICT. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 5-0.
8. Economic Development Director's Report
Mr. Thares provided an overview of the Director's Report. The marketing strategy group
approved by the EDA in January is set to meet at in the coming week to review the goals
of the project. The redevelopment grant application was submitted last week to the
Minnesota Department of Employment and Economic Development related to the Block
52 redevelopment project. The timeline for awarding the grants is not known. Staff will
monitor this funding program and update the EDA as more is learned.
The EDA recessed at 6:41 p.m. and entered into a closed session to discuss the below
agenda item. Following the closed session, the EDA Adjourned their regular meeting.
9. Closed Session - Consideration of Recessing to Closed Session to Develop or Consider
Offers or Counteroffers for the Purchase or Sale of Real or Personal Property Pursuant
to Minnesota Statute 13D.05, Subdivision 3(c)(3).
PID #s 155010035100, 155223000020
10. Adjourn
Following the closed session, the EDA Adjourned their regular meeting.
Recorded By: Hayden Stensgard
.*�
Attest:
m TharesJxecutive Director