EDA Minutes 10-14-2009MINUTES
CITY OF MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
Wednesday, October 14, 2009
6:00pm
1. Call to Order:
Chairman Demeules called the meeting to order and declared a quorum at 6:00pm.
Roll Call:
The following Commissioners were present:
President Bill Demeules
Commissioner Bill Fair
Commissioner Bill Tapper
Council Member Tom Perrault
Council member Brian Stumpf
Absent:
Vice President Dan Frie
Commissioner Bob Viering
Also present Executive Director Megan Barnett and Finance Director Tom Kelly
2. Approve minutes:
MOTION BY BILL FAIR SECONDED BY TOM PERRAULT TO APPROVE THE JUNE 10,
2009 MEETING MINUTES WITH CORRECTIONS TO THE VOTE COUNT AND
COMMISSIONERS ABSENT. MOTION CARRIED. 5-0.
MOTION BY BILL FAIR SECONDED BY TOM PERRAULT TO APPROVE AUGUST 12,
2009 MEETING MINUTES WITH GRAMMER CORRECTIONS AS DISCUSSED. MOTION
CARRIED. 4-0. STUMPF ABSTAINED.
3. Consideration of additional agenda items:
No additional items were added. Staff stated item #6 on the agenda has been removed due to
the request being withdrawn.
4 Approval of EDA invoices:
Council Member Stumpf requested staff provide follow up information regarding what
property's taxes were due and why.
MOTION BY BRIAN STUMPF SECONDED BY BILL FAIR TO APPROVE INVOICES.
MOTION CARRIED. 5-0
5. Request from the Initiative Foundation for f uancial contribution.
Executive Director Barnett stated Paul Kleinwachter was here representing the Initiative
Foundation. Barnett stated Cities are allowed to provide financial contributions to organizations
as long as there is an economic development purpose associated with the contribution. Barnett
stated Paul would like to make a short presentation regarding the services the Initiative
Foundation provides.
Mr. Kleinwachter reviewed the purpose of the Foundation. They provide gap financing to a
variety of entities (i.e. non-profit organizations, private companies, etc.) and issue numerous
grants to assist with planning projects, transportation, workforce development, natural resources,
technology enhancements and much more. The Foundation has provided over three million loans
from 1986 to 2008. The Foundation believes in assisting communities and businesses to help
stimulate economic growth. Paul stated several examples of loans and grants that have been
awarded within Wright County.
Commissioners inquired about a few of the past loans and grants approved.
MOTION BY FAIR SECONDED BY STUMPT TO APPROVE CONTRIBUTING $2,000 TO
THE INITATIVE FOUNDATION. MOTION CARRIED. 4-0. TAPPER ABSTAINED.
Council Member Perrault stated he voted in favor of the request due to the fact there was
matching funds associated with the Initiative Foundation.
6. Report from Executive Director:
Director Barnett updated the EDA on the pending amendment to the NSP grant. Barnett stated
staff and a few council members raised concern regarding demolishing 413 4th Street utilizing
NSP funds. Due to the income level restrictions that would be placed on the property would limit
the development potential.
Commissioner Fair questioned why a habitat for humanity home was not being further pursed.
Staff stated there was concern raised that this property may not be the best option for a habitat
home due to the location and larger lot size. If the State approves the NSP amendment, staff will
need to obtain further direction from the EDA and City Council regarding future use of the
subject property.
Staff updated the EDA on the aggressive construction process FiberNet Monticello is making to
bring live fiber optics to City facilities and local neighborhoods. Barnett also updated the EDA
regarding follow up actions to the TIF Management Plan. Wright County Economic
Development Partnership is looking for EDA members to participate in a County wide meeting
to be held in the middle of November.
A question was raised if the house located at 413 4th Street could be donated to the fire
department for fire training purposes. Staff stated this could be further pursued by the EDA as an
option for demolishing the house. Funds would need to be obtained to cover the insurance and
remaining debris removal expenses.
7. Adjourn
MOTION BY TAPPER SECONDED BY FAIR TO ADJOURN THE MEETING. MOTION
CARRIED. 5-0.
Bill Demeules, President
Megan arnett, Executive Director