HomeMy WebLinkAbout03.21.23March 21, 2023
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Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on
Tuesday, March 21st, 2023 at 12:00 PM.
Members Present: Board Members Joe Bye, Dale Wick, Larry Hosch
Members Absent: Kevin Kluesner, Rick Schultz
City Representatives Present: Community Development Director Nate Keller
Wick called the St. Joseph Economic Development Authority meeting to order at 12:00 PM
Public Comments None
Agenda Approval: Bye made a motion to approve the agenda as presented; seconded by Hosch
and passed unanimously by those present.
Consent Agenda: Wick made a motion to approve the consent agenda as follows; seconded by
Bye and passed unanimously by those present.
a. Minutes -Approve the minutes of February 21 st, 2023
b. Financial Report — None
CSBSJU Student Project
Keller provided some background on the conversation he had with student who is interested in doing an
"Economic Impact" report for the city. The report would look at programs the city offers like the Revolving
Loan Fund. Liam Miller CSBSJU student provided an overview of the project. Project would entail a
design evaluation, monitoring, and impact evaluation.
Hosch asked about including the Fagade grant into the report. Miller will look to add this program into his
report.
RLF Policy
Background on the discussion the Finance Team had on the RLF policy was provided by Keller.
Discussion was had on the interest rate language and aligning the program with all of DEED's
goals/requirements. Keller mentioned any changes would not impact the current applicants request.
Keller to look at the cost of Administrating the loan and language for interest rate. The importance of
being below prime lending rate was discussed.
Boutique hotel
Keller continues to meet with interested developers.
JR Mobile Update
Council granted an extension to the owner to complete the demolition of the building by April 30th. This is
a 30-day extension from the Court issued end of March date.
General Business/Development updates
Keller gave an overview of: Goodin C.U.P.; Wedding/Event Venue request, FMLA by Keller anticipated to
be end of April — early June (6 weeks) but timing may of course change.
Board Member Announcements
None.
Adjourn: Hosch made a motion to adjourn the meeting at 12:38 PM, seconded by Bye and passed
unanimously by those present.
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Nate Keller
Community Development Director