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HomeMy WebLinkAbout2006 [01] Jan 18CITY OF ST. JOSEPH ECONOMIC DEVELOPMENT AUTHORITY Meeting Minutes -Wednesday, January 18, 2006 Present: EDA Board Members Richard Carlbom, Bruce Gohman, Ken Jacobson and Tom Skahen. Absent: Richard Carlbom Also present: Cynthia Smith-Strack of Municipal Development Group. Vice Chairperson Carlbom called the January 18, 2006 meeting of the St. Joseph EDA to order at 3:03 p.m. Agenda. Vice Chairperson Carlbom introduced the agenda. Moved by Gohman seconded by Skahen to approve the agenda as presented. Motion carried 4-0. Approval of Minutes. EDA Vice Chairperson Carlbom noted the minutes from the December 21, 2005 meeting were included in the packet. Motion by Gohman, seconded by Jacobson to approve the December 21, 2005 regular EDA minutes as presented. Motion approved 4-0. EDA Accounts Payable. Carlbom introduced the topic. Strack noted accounts payable for the month included MDG contract and hours exceeding the total annual contract amount of 420 hours. Strack noted the invoice included an inadvertent error in calculation and should total $3,071.15. The annual hours of service provided by MDG, Inc. exceeded the 420 contract hours by a total of 23.75 hours. As per the EDA the additional hours were invoiced at an hourly rate of $50/hour. Motion by Skahen, second by Gohman to approve EDA accounts payable for the month of December 2005 in the amount of $3, 071.15. Motion carried 4-0. Financial Report. Carlbom introduced the agenda item. Strack noted the December financial reports were~tributed prior to the meeting. Reports presented included: revenue, expense, check register and fund balance.~~ Motion by Skahen, second by Jacobson to approve the December financial reports. Gohman inquired as to why the budgeted amount in TIF 1-4 was greater than the actual TIF proceeds for taxes payable 2005. Strack noted the budgeted numbers were derived from the TIF Plan pro-formas for the district and predicated on the assumption that the estimated market value would be greater than $3.6 million. The actual estimated market value for taxes payable 2005 was considerable lower. Since the actual estimated market value was considerably lower, the tax payment was lower and since the tax payment was lower, the TIF reimbursement was also lower. Strack noted the Development Agreement for the project indicated an assessment agreement with the County was anticipated, however, the City nor the County had record of such an agreement actually being executed. Carlbom inquired as to the reference to `assessment agreement'. Strack noted in this case she was referring to an agreed upon estimated market value such as $3.6 million, the amount the plan for TIF 1-4 was based upon which we now know exceeds the current estimated market value. Motion carried 4-0. EDA Minutes -January 18, 2006 Page 1 SCAEDP Boot Camp Critique Review. Carlbom introduced the agenda item. Strack noted the EDA had requested a summary of the meeting be provided to the Board at the January meeting. Strack referenced the memo included in the packet outling discussion points. She noted that since the December meeting she had: (a) contacted "Sites Across America" the online directory of sites mentioned by Mr. Wagoner for additional information on posting available sites on their website; and, (2) researched the cost of securing potential databases for privately held mid-sized Minnesota companies from a variety of data outlets. Gohman stated that a group that he is involved with is working on offering small incentives or bonuses to real estate agents who bring businesses to an industrial park, similar to the spills the Lockwood Greene representative had suggested based on number of jobs created. The Board also reviewed data sources for obtaining current, reliable data including contact names/addresses for privately held small businesses that were presently located in first tier suburbs and expanding. Strack reported that access to such data sources was potentially cost prohibitive at this time, however, there was a potential to work with the regional business journals and research libraries to obtain such information in a more cost effective manner. The Board discussed moving ahead with securing a narrow list of potential development contacts in the face of limited shovel-ready industrial sites. Strack noted the likelihood of additional the subdivision of additional industrial of lots on the horizon for calendar year 2006. The Board made a determination that securing a list of potential development contacts should be addressed after the production of shovel ready industrial sites. Future Land Use Comprehensive Plan Planning District 14 Carlbom introduced the agenda item. Strack noted that the City Council is considering the need to update the future land use map contained in the Comprehensive Plan for various areas including that adjacent to the southerly projection of 20th Avenue South. The area is currently guided toward single family residential development, however, the projection of 20th Avenue would likely be of a functional level of either a collector or an arterial roadway. The Board discussed various land use scenarios including commercial, office, medical and retail facilities and densities for areas adjacent to the projected extension of 20th Avenue. Prior to considering the issue further, the Board requested additional information be provided regarding the amount of potentially developable acreage abutting the projected roadway and access spacing criteria for collector and arterial roadways. Motion Skahen, second Gohman to authorize and direct Strack work with the City Engineer to create a map depicting potentially developable acreage in the area south of 20"' Avenue providing the expense did not exceed $300.00. Motion carried 4-0. Director's Report. Carlbom introduced the topic. Strack noted the Director's Report was included in the packet. Board Member Announcements. EDA Board Member Gohman reported on the St. Cloud Area Economic Development Partnership meeting held earlier in the day. Gohman noted the meeting was very well attended and the new chairperson had structured the meeting efficiently. Adjournment Motion by Skahen, seconde by Gohma to adjourn. Motion carried 5:0. Meeting adjourned at 4:40 p.m. EDA Minutes -January 18, 2006 Page 2