Loading...
HomeMy WebLinkAbout2015 [05] May 27 CITY OF ST. JOSEPH ECONOMIC DEVELOPMENT AUTHORITY Meeting Minutes—Wednesday May 27, 2015 Present: Board Members: Doug Danielson, Larry Hosch, Rick Schultz, and Dale Wick. Absent: Gary Osberg. Also present: Roger Steichen, owner Gary's Pizza, EDA Intern Erin Speltz, City Administrator Judy Weyrens, and EDA Director Cynthia Smith-Strack. Call to Order. Chairperson Wick called the May 27, 2015 meeting of the St. Joseph EDA to order at 5:05 p.m. Agenda. Motion by Schultz to approve the agenda as presented. Second Danielson. Motion carried 3:0. Public Comment. None. Approval of Minutes. Chairperson Wick introduced the minutes from the April 22, 2015 regular EDA. Motion by Schultz, Second Danielson to approve the April 22, 2015 regular EDA meeting. Motion carried 2:0 with Wick abstaining citing his absence from the April 22nd meeting. Accounts Payable and Financial Report. Wick introduced the agenda item. Strack noted audited fund balance of EDA Fund 150 (General Fund) is $103,522 as of December 31, 2014. Unused operational funds revert back to City's general fund, unused capital allocation remains in EDA Fund 150. At this time the capital allocation unaudited balance is represented as just over$83,000. That balance doesn't illustrate previously approved BFA grants, the cost of CMCU TIF Plan development (will be reimbursed from TIF proceeds), or feasibility study for 100 Block alley of West Main Street. Closings on the two RLF loans are pending, that is why the balance in Fund 250 remains high at this time. If fund transfer which is later on the agenda is approved the balance of Fund 250 will be $4,884 after loan disbursement. Motion by Wick, Second by Schultz to approve accounts payable and financial reports. Motion carried 4:0. BFA Grant Application— Roger Steichen—Gary's Pizza. Wick introduced the agenda item and the Applicant Roger Steichen. Strack stated Steichen proposes repainting of his storefront awning and new signage at 17 College Avenue North. Strack stated signage may be a component of a BFA grant (up to 50% of the grant/grant match), however, signage alone doesn't qualify for a BFA grant. There is work over and above signage that will contribute to the grant request, however, until actual receipts are received it is difficult to determine the potential contribution the awning painting will make toward the total project costs. To those ends, Strack recommend the EDA approve a BFA grant of up to $1,000 for the project with the stipulation painting of the fagade must comprise at least 50% of the matching BFA reimbursement. May 27, 2015 EDA Meeting Page 1 Motion Hosch, Second Wick to approve the BFA Grant Application matching not to exceed$1,000 with fifty(50)percent of the project cost being attributed to non-signage project components. Motion carried 4:0. Authorize Transfer of Funds/interfund Loan Resolutions. Wick introduced the agenda item. Strack alluded to a discussion at the April EDA meeting regarding proceeds of the EDA revolving loan fund. The EDA was in an unusual position of having too much loan demand after better than a decade of difficulty in marketing the funds. As such the EDA reviewed in concept of transferring funds line item to line item to increase the available loan fund. The EDA is asked to consider approve a line item to line item transfer in the amount of$2,500 from 157- 10100 to 250-10100. In addition, included in the packet are two resolutions for EDA consideration. Both are interfund loan agreements related to tax increment district establishment. The interfund loans will allow the EDA to be reimbursed for certain expenses. EDA Resolution 01-2015 approves a loan of up to $12,000 from EDA Fund 150-10100 to be reimbursed from future tax increments in connection with the establishment of TIF 3-1 (CMCU). EDA Resolution 02-2015 approves a loan of up to $6,000 from EDA Fund 150-10100 to TIF 2-3. An escrow deposit from the TIF Applicant was placed in line item 150-10100 in 2014. Motion Danielson, Second Schultz to approve a transfer from line item 157-10100 to 250-10100. Motion carried. Motion Schultz, Second Danielson to approve resolution 01-2015. Motion carried 4:0. Motion Danielson, Second Schultz to approve resolution 02-2015. Motion carried 4:0. Authorize Submittal of TIF Reports Wick introduced the agenda item. Strack noted each year the City is required to submit reports on all TIF districts to the Office of the State Auditor. Finance Director Bartlett completed the 2014 reports for 2-1 (Millstream), 2-2 (Meat Market), and 1-4 (Vicwest). It is noted that although TIF 1-4 was decertified reports for the district will be required until forgivable loans made in 2010 from excess TIF administration revenue to Bello Cucina space and St. Joe Meat Market expire. Motion Danielson, Second Wick to recommend the City Council approve submittal of the TIF reports. Motion carried 4:0. White Paper Presentation: Active Aging— Intern Erin Speltz Wick introduced the agenda item. Speltz reviewed the report on active aging in place prepared as part of her 2015 internship. The EDA discussed the report and potential next steps. The EDA acknowledged the importance of keeping seniors/retirees in the community and active. The EDA noted if a report synopsis was presented to the City Council it should not include any recommendations, but rather a list of`could do' items. Authorize Intern Contract Extension/Internship Debriefing Wick introduced the agenda item. Strack noted Intern Speltz's contract was initiated in January and authorized through May 13, 2015. Due to schedule changes, coursework demands, reportinhg logistics, and the EDA's meeting schedule we were unable to complete work assignments by May 13t . The maximum number of intern hours has not been reached. The EDA is asked to approve extension of the EDA Internship contract through May 27, 2015, provided the maximum number of authorized hours, 135, are not exceeded. May 27, 2015 EDA Meeting Page 2 Motion Danielson, Second Hosch to authorize extension of EDA Intern contract through May 27, 2015 provided a total of 135 hours of service is not exceeded. Motion carried 4:0. As discussed at the April EDA meeting the EDA wanted to debrief with Speltz on her internship experience. Speltz stated her internship experience was very good and that she learned a great deal about City government and economic development. She recommended the EDA continue an internship program, specifically targeting CSB/SJU. Wick inquired as to whether she thought a junior or senior year student would be best. Speltz noted either would likely be fine as long as the individual was motivated, sell- starting, and outgoing. Support for Housing Options Wick introduced the agenda item. Strack noted the City and the EDA have discussed and participated in efforts to support a variety of housing types in the past. EDA members were asked to discuss potential support for housing options. The EDA by census noted they are supportive of a variety of life cycle housing options being made available in the City but would like more information as specific projects are identified. Business Development Report. Wick introduced the agenda item. The EDA reviewed the business development report. Strack inquired as to EDA Board Member availability for business retention/expansion visits with a few local industries. Strack distributed copies of the Greater St. Cloud Development Corporation's 2014 annual report. Wick noted the City of St. Joseph is still not identified as an investor under the investor tab on the GSCDC's website. Adjournment. Motion by Schultz, Second by Wick to adjourn the EDA meeting at 6:15 p.m. Motion carried 4-0. ;f Cynthia Smith-Strack EDA Director May 27, 2015 EDA Meeting Page 3