HomeMy WebLinkAbout2007 [08] Aug 22
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CITY Of ST. JOSEPH
\'IIww. cityofstjosephcom
Administrdtor
Judy Weyrens
ST. JOSEPH ECONOMIC DEVELOPMENT AUTHORITY
NOTICE OF MEETING
Wednesday August 22, 2007
3:00 p.m. City Hall
MdYor
Richdrd Cdrl60m
1. Call to Order.
Councilors
Steve Frdnk
AI Rdssier
Renee Symdnietz
Ddle Wick
2. Approval of Agenda.
3. Approval of Minutes.
a. July 25, 2007 (to be distributed at meeting)
4. Business.
a. Revolving Loan Fund Policy.
b. Update of City Website.
5. Next meeting date: Changed from Sept. 19th
6. Board Member Reports.
7. Adjournment.
2) College Avenue North, PO Box 66s . Sdint. Joseph, Minnesotd )6174
Phone 120 161 7201 FdX 120.1610142
CITY OF ST. JOSEPH
ECONOMIC DEVELOPMENT AURTHORITY
Meeting Minutes - Wednesday, July 25, 2007
Present: EDA Board Members Ken Jacobson, Tom Skahen, AI Rassier and Carolyn Yaggie-
Heinen.
Absent: Dale Wick.
Also present: Cynthia Smith - Strack of Municipal Development Group.
Vice Chairperson Jacobson called the July 25, 2007 special meeting of the St. Joseph EDA to
order at 4:02 p.m.
Agenda.
Vice Chairperson Jacobson introduced the agenda. Moved by Skahen seconded by Heinen to
approve the agenda as presented. Motion carried 4-0.
Approval of Minutes.
Vice Chairperson Jacobson introduced the minutes from the July 11, 2007 regular meeting.
Motion Rassier, Second by Skahen to approve minutes from the previous meeting. Motion carried
4-0.
2008 EDA Budget Workshop.
Vice Chair Jacobson introduced the 2008 EDA budget.
Strack noted that Finance Director Lori Bartlett has convened the 2008 budget process. As part of
that process, the EDA must submit a preliminary budget to the City Council by August 1 st. The
City Council will hold a budget workshop(s) in August. Following the Council's workshop, a
preliminary budget will be adopted and certified to the County in September and a final budget to
be adopted in December.
Strack noted that a worksheet illustrating preliminary budgets for the following funds was included
in the EDA's information packet:
1. The EDA is a separate entity with a separate Fund (Fund 150).
2. Tax Increment revenues and expenditures for TIF 1-3 (Borgert Products) - Fund 155
3. Tax Increment revenues and expenditures for TIF 1-4 (Vicwest SteellSt. Joe Dev. LLC) Fund
156
4. Revolving Loan Fund - Fund 250. Since there are no expenditures relative to this Fund, it is
not included on the worksheet.
Strack noted the following:
Fund 150: Operating Fund for the EDA: The 2008 budget is identical to that proposed in 2007.
The adopted budget for Fund 150 was decrease but supplemented by a fund transfer to reflect
the proposed budget. The proposed budget includes $8,000 for membership dues to the St.
Cloud Area Economic Development Partnership.
Fund 155: TIF Fund for 1-3: The anticipated revenues and expenses reflect TIF revenue
received in 2007. The City, via development agreement, is required to reimburse the developer
95% of the increment received.
Fund 156: TIF Fund 1-4: The anticipated revenues and expenditures are based on estimates.
Actual numbers are dependent on assessed market value. The TIF beneficiary did not enter into
EDA Minutes - July 25, 2007
an assessed market value agreement, therefore, the actual proceeds of the pay-as-you-go issue
is less than included in the TIF budget included in the plan for 1-4.
Fund 250: Revolving Loan Fund. The 2006 audited fund balance is $48,225. The balance is
available for loan to business establishments which create jobs at livable wages.
Also included in the information packet for the EOA's consideration attached was a copy of last
year's EOA capital improvement request for $10,000 for land acquisition along with a clear capital
improvement form for 2008.
The EOA Board reviewed and discussed the proposed budget, capital improvement requests and
associated materials.
Motion Skahen, second Heinen to approve the preliminary budget as presented and to submit
capital improvement requests in the amount of $7,500 for commercial redevelopment and
rehabilitation and $7,500 for a proposed architectural/design services matching grant program.
Motion carried 4:0.
McComb Group Market Research Study - Preliminary Tables
Jacobson introduced the topic and noted he had not received a copy of the market study. Strack
noted that several comments/questions have arisen regarding the market study and are proposed
to be forwarded to McComb Group for additional information/action. The EOA is invited to forward
any/all comments to the City for collection and distribution to McComb Group. Council members,
the College of St. Benedict and the Chamber of Commerce have also been invited to submit
comments to the City for collection and distribution to McComb Group.
Next Meeting Date: Change from August 15th to August 22"d (proposed)
Jacobson introduced the agenda topic. Motion Heinen, second Skahen to hold the August EDA
meeting on August 22'd. Motion carried 4:0.
Adjournment.
Motion Skahen, second Heinen to adjourn the EOA meeting. Meeting adjourned at 4:45 PM.
EDA Minutes - July 25, 2007
CITY OF ST. JOSEPH
\v\vw. cityofstjoseph.com
DATE:
August 15, 2007
Administrdtor
Judy Weyrens
MEMO TO:
St. Joseph Economic Development Authority
FROM:
Cynthia Smith-Strack, Municipal Development Group
MdYor
RE:
Richdrd Cdrlbom
Accounts Payable - August 2007
July Financial Reports
Councilors
Steve Frdnk
AI Rdssier
Renee Symdnietz
Ddle Wick
A. Accounts Payable:
Following are Accounts Payable for the EDA's Consideration.
Payable To
MDG, Inc.
Qwest Metrocom
Borgert TIF
Minnwest (Vicwest)
Total
For
July Econ. Dev. Service
Telephone
TIF
TIF
Fund
150-46500-300
150-46500-000
155-46500-600
156-46500-600
Amount
$ 2,333.13
$ 81.56
$ 11,385.53
$ 26,744.64
$ 40,544.86
NOTE: TIF DISBURSMENTS APPROVED AT JULY 11 TH MEETING
Action:
A MOTION is in order to approve the Accounts Payable.
B. Financial Report:
July financial reports for the EDA are following. The reports consist of:
1. EDA revenue to date.
2. EDA expenditures to date.
3. Check Register.
4. Fund Balances (Econ Dev. 150, TIF 1-3 155, TIF 1-4 156 and RLF 250).
Action:
A MOTION is in order to approve the financial reports.
~) College Avenue North. PO Box bb8 . Sdint. Joseph, Minnesotd )b)74
Phone )~o.)bj.FoI FdX )~o.)b).O)4~
..
INVOICE
MUNICIPAL DEVELOPMENT GROUP, INC.
25562 WILLOW LANE
NEW PRAGUE, MN 56071
952-758-7399
FAX: 952-758-3711
staff@municipaldevelopmentgroup.com
City of St. Joseph
Attn: Judy Weyrens
City Administrator
PO 668
St. Joseph, MN 56374
Invoice Date 08-10-07 I Payment Terms: 30 days I Customer ID #: ST J07ED
Project July Economic Development Services
See attached detail
Amount: $1,925.00 Monthly contract fee - 33.00 hrs.
$ 323.98 668 miles x .485
$2,248.98
Code to: 150-46500-300 for general EDA
Remit To: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDA
July 3, 2007 EDA Office Hours 7.50 hrs. C. Strack
July 11, 2007 EDA Office Hours 8.50 hrs. C. Strack
July 18, 2007 EDA Office Hours 7.50 hrs. C. Strack
July 25, 2007 EDA Office Hours 8.50 hrs. C. Strack
Total July, 2007 32.00 hours
Total MDG, Inc. 2007 Hours through July, 2007 = 268.55
Thank you! We appreciated the opportunity to work with you!
Check No.
Date:
Principal
CITY OF ST JOSEPH
08/15/07 2:40 PM
Page 1
EDA Expenditure Report
July 2007
2007
2007 YTD July 2007 %of
Account Oescr Budget 2007 Amt YTO Amt Balance Budget
FUND 150 Economic Development
E 150-46500-103 Legislative Bodies $750.00 $0.00 $0.00 $750.00 0.00%
E 150-46500-122 FICA Contributions $0.00 $0.00 $0.00 $0.00 0.00%
E 150-46500-125 Medicare Contributions $0.00 $0.00 $0.00 $0.00 0.00%
E 150-46500-151 Workers Compo Insur. Premo $150.00 $0.00 $0.00 $150.00 0.00%
E 150-46500-200 Office Supplies $500.00 $0.00 $0.00 $500.00 0.00%
E 150-46500-300 Professional Services $24,100.00 $2,333.13 $14,148.60 $9,951.40 58.71 %
E 150-46500-303 Engineering Fee $2,000.00 $0.00 $0.00 $2,000.00 0.00%
E 150-46500-304 Legal Fees $1,000.00 $0.00 $0.00 $1,000.00 0.00%
E 150-46500-321 Telephone $600.00 $81.56 $456.33 $143.67 76.06%
E 150-46500-322 Postage $250.00 $0.00 $148.24 $101.76 59.30%
E 150-46500-331 Travel & Conference Expens $500.00 $0.00 $0.00 $500.00 0.00%
E 150-46500-340 Advertising $500.00 $0.00 $100.25 $399.75 20.05%
E 150-46500-433 Dues & Subscriptions $0.00 $0.00 $8,000.00 -$8,000.00 0.00%
E 150-46500-582 Computer Software $300.00 $0.00 $0.00 $300.00 0.00%
FUND 150 Economic Development $30,650.00 $2,414.69 $22,853.42 $7,796.58 74.56%
FUND 155 TIF 1-3 Borgert (SKN)
E 155-46500-300 Professional Services $935.00 $0.00 $0.00 $935.00 0.00%
E 155-46500-340 Advertising $50.00 $0.00 $0.00 $50.00 0.00%
E 155-46500-600 Debt Service - Principal $0.00 $0.00 $0.00 $0.00 0.00%
E 155-46500-611 Bond Interest $0.00 $0.00 $0.00 $0.00 0.00%
E 155-46500-620 Agent Fees $18,720.00 $0.00 $0.00 $18,720.00 0.00%
E 155-46500-622 Tax Increment Payments $0.00 $11,385.53 $11,385.53 -$11,385.53 0.00%
FUND 155 TIF 1-3 Borgert (SKN) $19,705.00 $11,385.53 $11,385.53 $8,319.47 57.78%
FUND 156 TIF 1-4 St. Joe Development
E 156-46500-300 Professional Services $4,700.00 $0.00 $0.00 $4,700.00 0.00%
E 156-46500-340 Advertising $50.00 $0.00 $0.00 $50.00 0.00%
E 156-46500-600 Debt Service - Principal $0.00 $0.00 $0.00 $0.00 0.00%
E 156-46500-611 Bond Interest $0.00 $0.00 $0.00 $0.00 0.00%
E 156-46500-622 Tax Increment Payments $47,192.00 $26,744.64 $26,744.64 $20,447.36 56.67%
FUND 156 TIF 1-4 St. Joe Development $51,942.00 $26,744.64 $26,744.64 $25,197.36 51.49%
FUND 157 TIF 2-1 Millstream
E 157-46500-340 Advertising $0.00 $0.00 $84.50 -$84.50 0.00%
=UND 157 TIF 2-1 Millstream $0.00 $0.00 $84.50 -$84.50 0.00%
$102,297.00 $40,544.86 $61,068.09 $41,228.91 59.70%
CITY OF ST JOSEPH 08/15/07 2:42 PM
Page 1
EDA Revenue Report
Current Period: July 2007
YTD %
SOURCE SOURCE Oescr Budget Rev Revenue Balance of Budget
FUND 150 Economic Development
36210 Interest Earnings $0.00 $3,124.34 -$3,124.34 0.00%
36300 Reimbursement $0.00 $0.00 $0.00 0.00%
39201 Transfers from Other Fund $0.00 $0.00 $0.00 0.00%
FUND 150 Economic Development $0.00 $3,124.34 -$3,124.34 0.00%
FUND 155 TIF 1-3 Borgert (SKN)
31050 Tax Increment $0.00 $11,984.77 -$11,984.77 0.00%
FUND 155 TIF 1-3 Borgert (SKN) $0.00 $11,984.77 -$11,984.77 0.00%
FUND 156 TIF 1-4 St. Joe Development
31050 Tax Increment $0.00 $29,716.27 -$29,716.27 0.00%
FUND 156 TIF 1-4 St. Joe Development $0.00 $29,716.27 -$29,716.27 0.00%
FUND 157 TIF 2-1 Millstream
34150 TIF/MIF Deposit $0.00 $17,000.00 -$17,000.00 0.00%
FUND 157 TIF 2-1 Millstream $0.00 $17,000.00 -$17,000.00 0.00%
FUND 250 Revolving Loan Fund
36210 Interest Earnings $0.00 $1,340.51 -$1,340.51 0.00%
36212 CDAP Loan Interest $0.00 $0.00 $0.00 0.00%
39312 CDAP Loan Proceeds $0.00 $0.00 $0.00 0.00%
FUND 250 Revolving Loan Fund $0.00 $1,340.51 -$1,340.51 0.00%
$0.00 $63,165.89 -$63,165.89 0.00%
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CITY OF ST JOSEPH
08/15/07 2:25 PM
Page 1
EDA Check Register
CHECK
# Search Name Comments FUND DEPART Amount
039048 QWEST-TElEPHONE Telephone Service-June 150 46500 $3.13
039066 BORGERT PRODUCTS, INC/SKN 1 st half 2007 tax settlement 155 46500 $11,385.53
039095 MINNWEST BANK 1 st half 2007 Tax settlement 156 46500 $26,744.64
039097 MUNICIPAL DEVELOPMENT CORP eda contract hours-June 150 46500 $2,333.13
039102 QWEST-TElEPHONE Telephone service-July 150 46500 $69.80
039153 QWEST-TElEPHONE telephone service 150 46500 $8.63
$40,544.86
~
CITY OF ST. JOSEPH
\'(!ww. cityofstjoseph.com
DATE:
August 15, 2007
MEMO TO:
Economic Development Authority
Administrdtor
Judy Weyrens
FROM:
Cynthia Smith-Strack, Municipal Development Group
RE:
RLF standards
MdYor
R h d C Ib Background:
IC df df orTjn the past the EDA has discussed the concept of revolving loan fund standards. Although we
have made progress on reviewing in the past we have not finalized the RFL guidelines.
Councilors
Steve Frdnk Attached for discussion are draft RFL guidelines and a sample application.
AI Rdssier A'
cllon:
Renee SymdnietzFollowing review and comment, if the EDA is supportive of the RLF standards/application a
Odle Wick MOTION is in order to recommend the City Council approve the grant program and RLF
guidelines.
L) College Avenue North' PO Box bb8 . Sdint. Joseph, Minnesotd )b174
Phone )Lo.)b)'7L01 FdX )Lo.)b).OHL
ST. JOSEPH ECONOMIC DEVELOPMENT AUTHORITY
REVOLVING LOAN PROGRAM
PURPOSE
The overall goal for the St. Joseph Economic Development Authority's (EDA's) Revolving Loan
Program is to stimulate St. Joseph's economy by providing low interest loans to small and
medium sized businesses. Revolving loan funds are to be used for business start-ups, expansion,
and retentions where jobs are created or retained. This may be accomplished by the following
means:
1. Creation or retention of permanent private sector jobs in order to create above average
economic growth;
2. Stimulation or leverage of private investment to ensure economic renewal and
competitiveness;
3. Increase in local tax base;
4. Improvement of employment and economic opportunity for citizens in the region to create
a reasonable standard of living;
5. Stimulation of productivity growth through improved manufacturing or new technologies.
ADMINISTRATION
The St. Joseph EDA and City Council are the policymaking and loan approval bodies for the
Revolving Loan Program. The EDA is responsible for revising guidelines and recommending
loan approval to the City Council. The City Council is responsible for authorizing loan. EDA staff
and their assigns will be responsible for day to day administration, working with applicants on
proposed projects, collecting data, performing pre-loan analysis, overseeing loan processing,
preparing agreements and monitoring projects progress.
ELIGIBLE APPLICANTS
Eligible applicants include most industrial businesses, commercial businesses and technological
service businesses.
ELIGIBLE LOAN ACTIVITIES
1. Loan funds may be used for acquisition of land and/or buildings(s), rehabilitation of
building(s), reconstruction, new construction, site improvements, utilities or infrastructure,
and purchase of industrial equipment in connection with starting a new business or
expanding an existing business.
2. Land and building must be privately owned, taxable property and proposed for
commercial and/or industrial activities.
3. If building(s) are being purchased or rehabilitated with funds from the Revolving Loan
Fund any/all building code violations must be remedied. The project must comply with the
St. Joseph City Code including standards relating to land use.
Revolving loan fund assistance can be for no more than one-half of the cost of the project.
Ineligible activities include the operation or expansion of a casino, sports facility when the
principal tenant is a professional sports team, housing projects and operating expenses.
City of 81. Joseph - Revolving Loan Fund Program
Page 1
APPROVAL CRITERIA
The grant or loan shall be based on the following criteria:
1. A gap in project financing is demonstrated.
2. The business must locate, remodel or expand within the corporate limits of the City of St.
Joseph.
3. The project will result in the creation or retention of existing jobs.
4. The project will result in an increase in tax base.
5. The project can demonstrate that the investment of public dollars induces private funds.
6. The project can demonstrate an excessive public infrastructure or improvement cost
beyond the means of the affected community and private participants in the project.
7. The project provides higher wage levels to the community or will add value to current
workforce skills;
8. Assistance is necessary to create new or retain existing businesses.
9. Job/wage goals must be consistent with the City of St. Joseph Business Subsidy policy.
SECONDARY LOAN ACTIVITIES
Loans may not be used for refinancing existing indebtedness or projects begun prior to loan
application.
LOAN TERMS/CONDITIONS
Financial assistance from the Revolving Loan Program is designed to make projects
economically feasible. Loan terms and conditions are determined by the information submitted in
the loan application. The following are the loan conditions:
1. Loan Amount - Maximum loan amount is 90% of the available RLF balances but shall at
no time exceed the gap demonstrated in project funding.
2. Interest Rate - The interest rate shall be set at the time of issuance and dependent upon
qualifications.
3. Term - Machinery/equipment: up to seven years. Land/buildings: up to 15 years. Terms
for other purposes will be flexible.
4. ~ - Each applicant must supply a minimum of 5% of the total project cost as cash
and/or fixed assets.
5. Security - The business owner will be required to provide personal guarantees for the
loan amount.
6. Project Initiation - All loan funds must be expended within six (6) months from the date of
the loan approval. An applicant may request a six (6) month extension.
7. Loan Fees - A processing fee of 1 % of the total loan amount is payable at closing.
Loans may be prepaid without penalty or additional charge.
City of 81. Joseph - Revolving Loan Fund Program
Page 2
The Revolving Loan Program is intended to be flexible and assistance is customized to meet the
particular needs of individual projects.
APPLICATION PROCESS
The City of S1. Joseph shall process and administer each loan in a manner which is usual and
customary with regard to other loans under similar circumstances. The basic steps for securing a
loan are as follows:
1. Applicant meets with S1. Joseph EDA staff to discuss proposed project and loan program
guidelines. If project meets program objectives and other eligibility items, then applicant
completes the attached application which includes:
A. Statement describing nature of business and proposed plans;
B. Project description - purpose of loan and expected benefits. Itemize and provide cost
estimate for building improvements and/or equipment;
C. Sources/Uses proforma for the project;
D. Complied profit and loss statement for the past two (2) years (if applicable);
E. Personal financial statement(s) (for use in connection with applicant's equity
requirement);
F. Any other pertinent data
2. The S1. Joseph EDA will review the application and make a recommendation to the City
Council. Upon approval, a Development Agreement and all other necessary documents
in connection with the loan will be prepared by the S1. Joseph EDA staff and shall be
executed by the Director of the EDA. The City/EDA may work with a conventional lender
to review the creditworthiness of the applicant and the loan application.
TIMETABLE
Applications may be submitted at any time.
City of St. Joseph - Revolving Loan Fund Program
Page 3
APPLICATION FOR REVOLVING LOAN FUND
CITY OF ST. JOSEPH, MINNESOTA
Applicant:
Address:
City:
State:
Zip Code:
Contact Person(s):
Business Phone:
Home:
Cell:
Name of Business:
Principal(s) of Business:
State ID #:
Fed ID # or S.S. #:
Business is a:
Proprietorship
Partnership
Corporation
_ Date of Incorporation
Type of Business:
Present location:
Owned
Rented
Sq. ft. of present building:
Proposed Location (if different from above):
Owned
Rented
Sq. ft. of present building:
Type of project:
Construction/New Business
Expanding/Existing Business
Equipment/Machinery/Fixture
RemodellCommercial/Retailll nd.
Other:
City of 51. Joseph - Revolving Loan Fund Program Application
Page 1
Describe Project:
Proposed Financina:
Source Terms/Interest
Bank
Equity
Other-describe
City
Amount
Estimated Proiect Costs:
Land: $
Site Improvement: $
Construction/Rehab: $
Machinery/Equip.: $
Bldg.: $
Other (Specify): $
TOTAL: $
TOTAL: $
Describe of collateral available to secure loan, including market value and prior liens:
Purpose of loan:
City of St. Joseph - Revolving Loan Fund Program Application
Page 2
Amount requested: $
Terms requested: $
Present number of full-time employees:
Anticipated jobs created or retained within twelve (12) months of project completion:
Position Name
Total # of
Jobs
Annual
Hrs.lJob
Anticipated Hiring
Date
(Use additional sheets if necessary)
If redevelopment: estimate market value of the subject parcel(s) prior to project and
estimated market value following project completion.
EMV Present:
EMV Post Project Completion:
Attach and include the following if requested:
A. Written Business Plan
. Description of Business
. Ownership
. Date established
. Products/Services
. Management
. Future plans
B. Financial statements for the past two (2) years
C. Financial projects for three (3) years
D. Resume of all principals
E. Personal financial statements of proprietor, partners, guarantors
F. Letter of commitment for applicant pledging to complete during the proposed project
duration
G. Letter of commitment from other sources of financing, stating terms and conditions of
their participation in project
H. Written quotes from contractors and vendors for all cost estimates listed above
I. Site plan for new construction
City of St. Joseph - Revolving Loan Fund Program Application
Page 3
J. Authorization for release of information
K. Other:
L. Other:
_ M. Fee: (1% of amount of loan request)
Attach an explanation if any answer to the following is yes:
1. Have you or any officer or owner of your company ever been involved in bankruptcy or
insolvency proceedings?
Yes
No
2. Are you or any officer or owner of your business involved in any pending lawsuits or
judgments?
Yes
No
3. Does your business have any subsidiaries or affiliates? (INCLUDE: financial statements with
explanations as requested)
Yes
N
4. Do you buy from, sell to, or use the services of any concern in which someone in your
company itself has a significant financial interest?
Yes No
City of St. Joseph - Revolving Loan Fund Program Application Page 4iI
To the best of my knowledge, the information provided in this application is true and
correct.
Date:
Date:
Date:
Date:
Date:
NOTE: If this application is for leasehold improvement, the owners(s) of the building must
also sign this application.
City of 81. Joseph - Revolving Loan Fund Program Application
Page 5
~
CITY OF ST. JOSEPH
www.cityofstjoseph.com
DATE:
August15,2007
MEMO TO:
Economic Development Authority
Administfdtof
Judy Weyrens
FROM:
Cynthia Smith-Strack, Municipal Development Group
RE:
EDA Information on City Website
MdYor
. Background:
Rlchdfd CdrlborTEDA Chairperson Dale Wick has noted the information on the city's website
(www.cityofstioseph.com) is outdated and should be updated.
Councilors
Steve Frdnk
AI Rdssier
Renee Symdnietz
Ddle Wick
Items to consider include:
1. What type of information should be on the City site relating to EDA.
2. Should EDA information on City website be linked to the Chamber's website and vice
versa.
3. How does Downtown Project website factor in to this equation?
Action:
Discussion and direction requested.
2') College Avenue North. PO Box 6b8 . Sdint. Joseph, Minnesotd ')6)74
Phone 520..,65.7201 FdX 520'565.0542
CITY Of ST. JOSEPH
WW\Y/. cityofstjoseph .com
DATE:
August 15, 2007
MEMO TO:
Economic Development Authority
Administrdtor
Judy Weyrens
FROM:
Cynthia Smith-Strack, Municipal Development Group
RE:
Reschedule September Meeting
MdYor
. Background:
Rlchdrd Cdrlbo~DA Chairperson Dale Wick has noted he will be unable to attend the September 19th EDA
meeting. He is requesting the Board consider changing the meeting date.
Councilors
Steve Frdnk We will potentially be having the final TIF application for the Schellinger project on the agenda for
AI Rdssier the September meeting, therefore, it may be preferable to move the meeting to a later date in
D S . September versus moving it up and shortening the timeframe the applicant has to submit required
r\enee ymdnletzinformation.
Ddle Wick
Action:
Motion to change EDA meeting date.
2.) College Avenue North' PO Box 66s . Sdint. Joseph, Minnesotd )6174
Phone )2.0.)6).72.01 FdX )2.0.)6)0)42.