EDA Minutes 05-11-2011MINUTES
ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, May 11, 2011- 6:00 p.m.
Commissioners Present: President Bill Demeules, Treasurer Bill Tapper, Tracy Hinz, Matt Frie,
and Council Members Tom Perrault and Brian Stumpf
Staff: Executive Director Megan Barnett - Livgard
1. Call to Order
Bill Demeules called the meeting to order at 6 p.m.
2. Approve Meeting Minutes
a) April 13, 2011
BRIAN STUMPF MOVED TO APPROVE THE APRIL 13, 2011 EDA MINUTES.
MOTION WAS SECONDED BY BILL TAPPER. MOTION CARRIED 6 -0.
3. Consideration of additional agenda items
a) Special Meeting Date
b) EDA Resignation
4. Approval of EDA Invoices
BRIAN STUMPF MOVED TO APPROVE THE INVOICES EXCLUDING THE
WRIGHT SHERBURNE REALTY INVOICE. MOTION WAS SECONDED BY BILL
TAPPER. MOTION CARRIED 6 -0.
5. Consideration of entering into a Purchase Agreement between the Monticello
Economic Development Authority and John Edwin Chadwick LLC
Staff asked that the EDA approve a standard purchase agreement in the amount of
$130,000 for the purchase of a 13.6 acre parcel located adjacent to the Monticello Business
Center. The closing date for this agreement is June 1, 2011. Funds are available for this
purchase within the EDA General Fund budget.
The parcel is currently being leased to a farmer. The EDA would have the option to renew
that farm lease annually if appropriate. Staff responded to property tax questions.
BILL TAPPER MOVED TO APPROVE ENTERING INTO A PURCHASE
AGREEMENT WITH JOHN EDWIN CHADWICK, LLC FOR THE PURCHASE OF A
13.6 ACRE PARCEL LOCATED ADJACENT TO THE MONTICELLO BUSINESS
CENTER. MOTION WAS SECONDED BY TRACY HINZ. MOTION CARRIED 5 -1
Economic Development Authority Minutes 05/11/11
WITH TOM PERRAULT OPPOSED.
6. Consideration of approving an extension to the Preliminary Development Agreement
between Rocky Mountain Group and the Monticello EDA
The Preliminary Development Agreement with Rocky Mountain Group expired at the end
of April. Staff noted that extending the agreement for a year would allow the Rocky
Mountain Group the opportunity to continue to try to sell their property in Ramsey as well
as the flexibility to capture one more construction season.
BRIAN STUMPF MOVED TO APPROVE A ONE YEAR EXTENSION TO THE
PRELIMINARY DEVELOPMENT AGREEMENT BETWEEN ROCKY MOUNTAIN
GROUP (DAHLHEIMER) AND THE MONTICELLO EDA. MOTION WAS
SECONDED BY BILL TAPPER. MOTION CARRIED 6 -0.
7. Director Report
The Director Report was included as part of the agenda packet submitted to the EDA. Staff
noted that there has been an increase in the number of developer inquiries.
8. Consideration of items added to the agenda
a) Special Meeting Date
Staff requested that the EDA convene a special meeting to discuss two opportunities: a
vacant parcel owned by developer Barry Fluth and a business subsidy agreement for a
multi -tenant building. The meeting was tentatively scheduled for Tuesday, May 24,
2011 at 7:00 a.m. in the Academy Room at the Monticello Community Center. Staff
will confirm this meeting date by email.
b) EDA Resignation
Bill Fair resigned from the EDA. The position has been posted.
9. Adiourn
TOM PERRAULT MOVED TO ADJOURN THE MEETING AT 6:18 PM. TRACY
HINZ SECONDED THE MOTION. MOTION CARRIED 6 -0.
Recorder:
Approved:
Attest: