HomeMy WebLinkAbout2010 [12] Dec 15CITY OF ST. JOSEPH
ECONOMIC DEVELOPMENT AURTHORITY
Meeting Minutes — Wednesday, December 15, 2010
Present: EDA Board Members, Carolyn Yaggie- Heinen, Ken Jacobson, Tom Skahen, and Dale Wick.
Absent: Al Rassier.
Also present: Harvey and Carol Pfannenstein, Mayor -elect Rick Schultz, and EDA Director Cynthia Smith -
Strack.
Chairperson Wick called the December 15, 2010 regular meeting of the St. Joseph EDA to order at 3:00
p.m.
Agenda.
Chairperson Wick introduced the agenda. Strack requested that item 7(b) "Farm to School Program
Facilitation" be postponed to the January 26, 2011 meeting and an item entitled "Discussion Regarding
Site Selection Lead" be added as item 7(b).
Motion by Skahen, second by Heinen to approve the agenda with requested changes. Motion carried 4-0
Approval of Minutes.
Chairperson Wick introduced the minutes from the November 24, 2010 regular EDA meeting.
Motion by Skahen, second by Heinen to approve the minutes from the November 24, 2010 regular EDA
meeting. Motion approved 4:0.
EDA Accounts Payable and Approval of Financial Reports.
Wick introduced the topic. Accounts payable for the month totaled $2,514 and included monthly contract
services. Wick then introduced the monthly financial reports.
Motion Heinen, second by Jacobson to approve the accounts payable and monthly reports. Motion
carried 4-0.
TIF Disbursement Requests.
Wick introduced the agenda item. Strack noted that the City has received the second settlement for 2010
property taxes. The second half payment includes revenue for TIF 2 -1 (Millstream) and TIF 1-4
(GohmanNicwest payable to Minnwest Bank). The payment to TIF 2 -1 is $15,982.21 which equates to 90
percent of the increment collected. The payment to TIF 1-4 is $30,771.14 which also equates to 90
percent of the increment collected. The remaining ten percent of the increment is used for administrative
purposes.
Motion Heinen, second Jacobson to approve TIF disbursements in the aforementioned amount and
forward to City Council for action. Motion carried 4:0.
St. Joe Meat Market BFA Disbursement.
Chairperson Wick introduced the agenda item and Harvey and Carol Pfannenstein, owners of the St. Joe
Meat Market. Strack noted that at the April 28, 2010 regular meeting the EDA approved a Business
Fagade Architectural Grant Program application submitted by Harvey Pfannenstein of the St. Joe Meat
Market. The BFA grant request included architectural design for an expansion to the facility at 26 1"t
Avenue Northwest.
Mr. Pfannenstein has submitted a request for payment which includes documentation of architectural
design fees related to building expansion. The invoice submitted totals $14,366; therefore, a $1,000
match is in order.
Motion Jacobson, second Heinen to approve BFA Disbursement Request in the amount of $1,000 to the
St. Joe Meat Market.
St. Joe Meat Market Expansion.
Chairperson Wick noted Harvey and Carol Pfannenstein have been considering an expansion of the
retail /processing facility at 26 1$' Avenue Northwest. Mr. Pfannenstein has informed the EDA that the
project will move ahead with construction starting in the Spring of 2011. Mr. Pfannenstein is seeking
assistance for the project in the form of tax increment financing.
Strack noted that over the next few months Pfannenstein, his CPA, his contractor, our TIF consultant and
she will be meeting to get the information for the preliminary TIF application together for submittal.
However, prior to submittal, the Pfannenstein's wanted to share their ideas for their project with the EDA.
Harvey and Carol Pfannenstein described their decision to expand the retail location at 26 1$' Avenue NW
versus moving the operation to another community. The proposed expansion will add 3,002 sf to the
current 4,222 sf retail facility. The expansion will allow certain processing elements to move from the
structure owned by the Meat Market on Minnesota Street to the retail facility. Cost savings from increased
efficiency in processing are anticipated as a result of the project. The company currently employs 26
persons and would retain those jobs within the community.
The EDA expressed gratitude to the Phannenstein's for deciding to expand within the City of St. Joseph
versus moving to a different city. In addition, the EDA expressed support for the expansion and
willingness to consider TIF to assist with the project. Finally, the EDA noted a desire to bring local
producers, the Phannensteins, and food procurers for local institutions together for a networking session.
Phannenstein noted inspections are now conducted for purposes of retailing and wholesaling, a recent
change paving the way for sales to institutions.
2010 Annual Report/2011 Goals.
Due to the pending joint EDA/City Council meeting this agenda item was carried over to the January 26,
2011 meeting.
MDG Contract.
Due to the pending joint EDA/City Council meeting this agenda item was carried over to the January 26,
2011 meeting.
Adjournment.
Motion Skahen, second Heinen to adjourn the EDA meeting. Meeting adjourned by consensus at 4:00
PM.
Cynthia Smith - Strack
EDA Director
EDA Minutes - December 15, 2010 2