HomeMy WebLinkAbout01-07-16 MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
Special Meeting
January 7, 2016
1. CALL TO ORDER
The meeting was called to order by Chair Larson at 6:32p.m.
Members Present: Jolley, Larson, Bonar, Wilson, Zeaman
Members Absent: Zeaman
Also Present: Adam Kienberger, Community Development Director
2. PLEDGE OF ALLEGIANCE
3. ROLL CALL
4. APPROVE AGENDA
MOTION by Jolley second by Wilson to approve the Agenda. APIF,Motion Carried.
5. CITIZEN COMMENTS/PRESENTATIONS
6. CONSENT AGENDA
MOTION by Wilson second by Bonar to approve the Consent Agenda as follows:
a) Meeting Minutes—October 26, 2015 Regular Meeting
b) Monthly Statements
APIF, Motion Carried.
7. PUBLIC HEARINGS
8. DISCUSSION ITEMS
a) Program Year 2016 Community Development Block Grant Application—The Dakota County CDA
has notified the City that we will be receiving an estimated $42,520 in CDBG funds for 2016. To secure
the grant money that is available,the City must prepare and submit an application that specifies eligible
activities or projects the City intends to allocate the available funding. A completed application is due to
the CDA by January 29, 2016 accompanied by an approved City Council Resolution. City staff is
proposing that the estimated$42,520 be allocated between two activities for 2016. It is recommended
that$37,520 be allocated to the Commercial Rehabilitation program, and $5,000 to Senior Services—
Financial Support Program. Direction was given to Director Kienberger to have a discussion with the
RRC if there is a need for$2,500 to fill a gap between now and July, 2016. Motion by Wilson second
by Bonar to recommend approval and forward the Resolution to the City Council for action. APIF,
Motion Carried.
a. 2016-2018 Strategic Plan for Economic Development—Director Kienberger reviewed the Plan with
the Authority and asked for input so the document can be finalized at the January 28, 2016 meeting.
The five priorities the EDA ranked as a priority are:
1. Develop tools for promoting growth and development in Farmington
2. Develop strong incentive policies to ensure proper use of tools
3. Explore plans for acquiring land for new industrial development
4. Complete the development of Vermillion River Crossings
5. Define and utilize the existing resources of the EDA, or redefine how the EDA obtains financial
resources for economic development.
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EDA Minutes(Regular)
January 7,2016
Page 2
There was more discussion about being prepared with information for interested businesses. Such as,
land available, cost, etc. Maybe now is the time to begin conversations with some landowners to get an
idea who could be ready to sell and what the EDA envisions for the area. Then talks about cost can
begin. Develop and identify tools for financial growth. Director Kienberger noted that redevelopment
TIF may be an option to explore. Discussions will continue at monthly meetings. Working together
with the task force as well as other boards and commissions is essential to accomplishing goals within
the strategic plan. Member Bonar suggested working on one item each meeting. Member Wilson
asked what tools are needed to capture the interest of businesses. We need to focus on building the
toolbox and policies. Member Jolley would like to see progress from each meeting. Member Bonar
would change#5 to read: "Define and utilize the existing or future resources of the EDA". Motion by
Bonar second by Jolley to approve the amended language, item#5 in the Strategic Plan and forward to
the City Council for action. APIF,Motion Carried.
9. DIRECTOR'S REPORT
January Director's Report
a) Meetings are on the 4th Thursday of the month at 6:30PM. Packets will be available on the Monday of
the week of the meeting.
b) City Council workshop next week will be interviewing candidates for the EDA.
10. ADJOURN
MOTION by Wilson, second by Bonar to adjourn at 7:54 p.m. APIF, Motion Carried.
Respectfully submitted,
Sue Miller
Administrative Assistant