EDA Minutes - 06/14/2023 (Workshop Meeting)MINUTES
ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING
Wednesday, June 14, 2023 — 4:00 p.m.
Monticello Community Center
EDA Members Present: President Steve Johnson, Vice President Jon Morphew, Treasurer
Hali Sittig, 011ie Koropchak-White, Rick Barger
Councilmembers Present: Mayor Lloyd Hilgart, Sam Murdoff, Tracy Hinz
Councilmembers Absent: Charlotte Gabler, Lee Martie
Staff Present: Tammy Omdahl (Northland Public Finance), Jim Thares, Angela
Schumann, Sarah Rathlisberger
1.
3.
Call tn Order
EDA President Steve Johnson called the joint workshop meeting to order at 4:05 p.m.
4:00 p.m. Tax Increment Financing (TIF) and Tax Abatement Overview
Monticello EDA Financial Advisor, Tammy Omdahl of Northland Public Finance, provided
a presentation and overview of Tax Increment Financing and Tax Abatement and
addressed potential capabilities of each program to the EDA, City Council, and public.
Multiple questions were asked on the subject of the agenda item. There was
considerable discussion on the topic of the City of Monticello adopting a policy on Tax
Abatement for utilizing as a tool for development.
Councilmember Tracy Hinz arrived at 4:35 p.m.
EDA Treasurer Hali Sittig left at 5:00 p.m.
No action was taken on the item.
Adjournment
TRACY HINZ MOVED TO ADJOURN THE JOINT WORKSHOP MEETING. SAM MURDOFF
SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 7-0. MEETING ADJOURNED
AT 6:02 P.M.
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Recorded By. Hayden Ste sga d
Date Approved: July 12, 2023
ATTEST:
Jim ihares, Executive Director