EDA Minutes 02-22-2000
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MINUTES
ANNUAL MEETING
MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
Tuesday, February 22, 2000 - 6:00 p.m.
City Hall
Members Present:
Chair Ron Hoglund, Vice Chair Barb Schwientek, Roger Carlson and Bill
Demeules
Members Absent:
Darrin Lahr, Ken Maus & Clint Herbst
Staff Present:
Treasurer Rick Wolfsteller and Executive Director Ollie Koropchak.
Guest:
Pam Campbell, DA l' Chairperson
I. Call to Order.
Chair Ron Iloglund called the meeting to order at 6:00 p.m.
2.
Consideration to approve the September 28. 1999 BDA minutes.
A MOTION WAS MADE BY BARB SCIIWIENTEK AND SECONDED BY BILL
DEMEULES TO APPROVE THE SEPTEMBER 28, 1999 EDA MINUTES. Motion
carried.
3.
Consideration of adding agenda items.
None
4.
Consideration to hear an update relative to the design concepts from Claybaugh
Preservation Architecture. Inc. for three building facade improvements.
Pam Campbell, DA l' Chairperson, presented an update. She stated they had a hard time
getting people interested, however they did get a response from three property owners
who are interested in facade improvements. Kevin & Cindy Heaton, Preferred Title;
Bruce & Cindy Hammond, (former Pet's Companion building); and Dennis & Myrna
Anderson who plan to purchase the former Senior Citizen building for possible upscaled
office space, conference center, or maybe expand their laundry mat. Mr. Bob Claybaugh
will be in town to discuss the improvements and meet with the property owners on design
concepts and budgets on Thursday, March 9, 2000. Campbell noted she advised the
property owners that they were not under any obligation, however they will need to meet
DA l' approval of design criteria to get the matching grants, whether they go through Mr.
Claybaugh or elsewhere. Campbell noted they will have a much better idea as far as a
timetable after the March 9 meeting. No action was required by the EDA.
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EDA Minutes- 2/22/00
5.
Consideration to elect 2000 EDA officers.
Ollie Koropchak advised the members that in order to comply with EDA Ordinance
Amendment No. 172, Section 2-3-2: The Authority shall annually elect a president, vice
president, treasurer, assistant treasurer, and secretary.
In order to comply with EDA Ordinance Amendment No. 172, Section 2-3-1: Creation:
(C) Thereafter the initial appointment, all commissioners shall be appointed for six-year
terms, except that any person appointed to fill a vacancy occurring prior to the expiration
of the term which his/her predecessor has been appointed shall be appointed only for the
remainder of such term.
Chair Ron l--:loglund nominated Bill Demeules for president; Barb Schwientek, vice
president; Rick Wolfsteller, Treasurer; Ken Maus, Assistant 'freasurer; and Ollie
Koropchak, Secretary. Roger Carlson seconded the nominations. The nominations were
approved unanimously.
6.
Consideration to review and accept the year-end BOA Financial Statements, Activity
Report, and proposed 2000 Budget.
Ollie Koropchak provided the report advising that in order to comply with EDA
Ordinance Amendment No. 172, Section 2-3-6: The Authority shall prepare an annual
budget projecting anticipated expenses and sources of revenue. And B: 'rhe Authority
shall prepare an annual report describing its activities and providing an accurate statement
of its financial condition. Koropchak stated the report shall be submitted to the City
Co unci I by March 1 of each year. Year-end statements, proposed budget and activity
report were provided. Koropchak made a correction to the 2000 Cash Flow under
appropriations, from SCERG to GMEF.
A MOTION WAS MADE BY BILL DEMEULES AND SECONDED BY BARB
SCHWIENTEK '1'0 ACCEPT THE YEAR-END FINANCIAL STATEMENT AND
REPORT FOR SUBMISSION TO THE CrfY COUNCIL ON FEBRUARY 28,2000.
Motion carried.
7. Consideration to review year-end balances of the GMEF, DMRF. UDAG. and ERG
Funds.
Ollie Koropchak provided the report providing the members with a review of the year-
end balances for the GMEf, DMRF, UDAG and SCREG funds. No action necessary by
the EDA.
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EDA Minutes - 2/22/00
8.
Consideration to review the GMEF Guidelines for possible amendments.
Ollie Koropchak presented the report advising the EDA of the need to review the Fund
Guidelines on an annual basis, and no changes to the GMEF Guidelines can be instituted
without prior approval of the Council. A copy of the guidelines was provided.
Koropchak then updated the members on a Lender's Breakfast that was recently held and
asked Ron Hoglund to let the members know some of the suggestions that were brought
up at this meeting. The lenders suggested increasing the GMEF loan size to $200,000 for
market purposes only.
A MOTION WAS MADE BY BARB SCHWIENTEK AND SECONDED BY BILL
DEMEULES OF NO NEED TO AMEND THE GMEF GUIDELINES, EDA BUSINESS
SUBSIDY CRITERIA. Motion carried.
A MOTION WAS MADE BY BARB SCHWIENTEK AND SECONDED BY BILL
DEMEULES OF SUPPORT TO MARKET THE GMEF LOAN SIZE AS A
MAXIMUM AMOUNT OF $200,000. Motion carried.
9.
Consideration to ratify the Target Area of the DMRF Guidelines and review for other
possible amendments.
Ollie Koropchak provided the report advising the members the need to review the Fund
Guidelines on an annual basis and that no changes to the DMRF guidelines shall be
instituted without prior approval of the City Council.
The EDA is requested to ratify an earlier poll of members agreeing to enlarge the Target
Area, page I, of the DMRF Guidelines. As preliminary discussions began with the
potential purchase of the current Senior Citizen Lounge on Cedar Street by Dennis
Anderson from the City, DAT ffild the MCP began marketing the DMRF. Knowing the
target area description did not include the current senior lounge, some members of the
EDA were polled by telephone or in person. At least 4 members saw no problem did
amending the guidelines, one member opposed.
As indicated earlier by Pam Campbell, DAT Chair, Dennis Anderson is with the
understanding the guidelines will be ratified to include all of Block 53 or at least the
senior building property, and is one of the three buildings on-line for design concept
drawings from Claybaugh. Additionally, the EDA was advised of the Lender's
suggestion to increase the matching facade grant per side from $2,500 to $5,000. Their
rationale: $2,500 small amount compared to owner's investment.
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EDA Minutes - 2/22/00
The EDA might also consider including all of Block 34 in the Target Area. The Council
will nced to approve amending the DMRF Guidelines.
A MOTION WAS MADE BY BILL, DEMEULES AND SECONDED BY BARB
SCHWIENTEK TO RATIFY AMENDING THE TARGET AREA OF TIlE DMRF
GUUJELINES TO INCLUDE ALL OB LOCK 34 AND ALL OF BLOCK 53. Motion
carried.
A MOTION WAS MADE BY BARB SCIIWIENTEK AND SECONDED BY ROGER
CARLSON TO TABLE ANY ACflON RELATIVE T'O INCREASE OF THE
MATCHING FACADE GRANT UNTIL AF'rER THE ARCHITECT MEETS WITH
THE THREE PROPERTY OWNERS ON MARCH 9, 2000. Motion carried.
10.
Executive Director's Report.
Ollie Koropchak provided her report and shared an e-mail she received from Towell Real
Estate noting an interest in larger users looking to move out of the metro, and also
wanting information from the City regarding what we have to offer. Koropchak also
advised the members of a possible interest by Intercomp in locating in Monticello; Profile
Powder Coating, Inc. which has a facility in Rogers doing metal finishing has expressed
interest to develop a wood finishing business here; Sunny Fresh Recognition on March 9;
Bus Tour/Golf Outing on June ]4; TCDC project moving ahead; and negotiations
continue between the City and Chadwick/Goeman for the industrial land swap. Rick
W olfsteller advised that right now Chadwick is working on the first draft of the
agreement and proposing to set up parameters for whenever the need arises, not
necessarily to take action immediately. Could be possibly 3 to 4 months before proposals
are done.
11.
Other Business.
None
12.
Adjournment.
RON HOGLUND CALLED THE MEETING TO CLOSE AT 7:00 P.M.
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