HomeMy WebLinkAbout01-28-16 MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
Regular Meeting
January 28, 2016
1. CALL TO ORDER
The meeting was called to order by Chair Larson at 6:30p.m.
Members Present: Jolley, Larson, Bonar, Wilson, Zeaman,
Members Absent: None
Also Present: Adam Kienberger, Community Development Director, Jake Cordes, ISD#192, Steve
Corraro, ISD#192
2. PLEDGE OFALLEGIANCE
3. ROLL CALL
4. APPROVE AGENDA
MOTION by Jolley second by Bonar to approve the Agenda. APIF,Motion Carried.
5. CITIZEN COMMENTS/PRESENTATIONS
6. CONSENT AGENDA
MOTION by Wilson second by Jolley to approve the Consent Agenda as follows:
a) Meeting Minutes—January 7, 2016 Special Meeting
b) Monthly Statements
APIF,Motion Carried.
7. PUBLIC HEARINGS
8. DISCUSSION ITEMS
a) Community Development Block Grant Reallocation Request—Based on discussion with the Parks
and Recreation Director in conjunction with the Recreation Supervisor for the Rambling River Center,
they would like to respectfully request that the EDA reprogram $2,500 from the 2015 Commercial
Rehabilitation Grant Program to the Senior Services—Financial Support Program. If the EDA is in
favor of this transfer, it will take approximately 45 days for the funds to be available.Motion by Wilson
second by Bonar to recommend approval of the reallocation of$2,500 from the city of Farmington's
PY2015 Commercial Rehabilitation Grant Program to a PY2015 Senior Services—Financial Support
Program activity. APIF,Motion Carried.
b) Open to Business Joint Powers Agreement-The Open to Business Program was started in Dakota
County in 2013 as a county-wide effort to offer expert technical assistance and additional financial
resources to small businesses and entrepreneurs. Now in its third year, the program continues to gain
recognition and have an impact on our small business economy. The total program fee for services
offered throughout Dakota County is $140,000. The CDA continues to cover over 50%of this fee with
the remainder distributed amongst the participating cities in Dakota County according to population.
Farmington's fee for 2016 is unchanged and remains at$5,000. Motion by Wilson second by Bonar to
authorize the execution of the Open to Business Joint Powers Agreement between the Farmington
Economic Development Authority and the Dakota County Community Development Agency. APIF,
Motion Carried.
EDA Minutes(Regular)
January 28,2016
Page 2
c) 2016-2018 Strategic Plan for Economic Development Implementation—The EDA's main priorities
are identified as: 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 or future resources of the EDA.
Implementation of this plan begins with discussing economic development tools and how we can form
policies to utilize them. Information on TIF and tax abatement was discussed. Some examples of tools
are: a. TIF/Abatement(Tax deferral/refunding)
b. Programs to encourage new investment(Main Street programs/CDBG)
c. Targeted types of businesses(statewide datacenter program)
d. Grants/loans(local/state/partners)
e. Training assistance
City policies need to be established regarding the use of these tools. We need more affordable housing
in Farmington. It's not always the incentives but about the personal touches that will make an impact.
9. DIRECTOR'S REPORT
January Director's Report
a) EDA Structure—City Council approved the addition of two ISD 192 school board members, Steve
Corraro and Jake Cordes, beginning at the February meeting.
b) Planning Commission/Comp Plan Invite- The EDA has been invited to the February 9th Planning
Commission meeting to listen to a presentation by our Metropolitan Council Sector Representative
Patrick Boylan on Comp Planning. Farmington's Comp Plan update will take place over the next two
and a half years and is the main document that outlines Farmington's growth and vision.
c) State of the City—State of the City has been scheduled for March 7th at 1:00PM at the Ground Round.
d) Downtown Redevelopment Plan—There have been three meetings and one open house. Meeting notes
and details are on the city's website.
e) Next meeting will be on Thursday, February 25th at 6:30PM.
10. ADJOURN
MOTION by Jolley, second by Bonar to adjourn at 7:41 p.m. APIF,Motion Carried.
Respectfully submitted,
Sue Miller
Administrative Assistant