HomeMy WebLinkAbout03-24-16 MINUTES
ECONOMIC DEVELOPMENT AUTHORITY
Regular Meeting
March 24, 2016
1. CALL TO ORDER
The meeting was called to order by Chair Larson at 6:30p.m.
Members Present: Jolley, Larson, Bonar, Wilson, Cordes
Members Absent: Zeaman, Corraro
Also Present: Adam Kienberger, Community Development Director; Chris Kulus, FBA President;
Roger Fink, Trident Development; Stacie Kvilvang, Ehlers&Associates.
2. PLEDGE OFALLEGL4NCE
3. ROLL CALL
4. APPROVE AGENDA
MOTION by Jolley second by Cordes 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—February 25, 2016 Regular Meeting
b) Monthly Statements
APIF,Motion Carried.
7. PUBLIC HEARINGS
8. DISCUSSION ITEMS
a) Trident Affordable Senior Living TIF Analysis—Stacie Kvilvang from Ehlers, city's financial
consultant, reviewed the analysis of the need for TIF assistance. Ms. Kvilvang reviewed how
TIF works with the members. Discussion focused on the financials and it was the consensus of
the Authority to have the developer continue to work with Ehlers and Associates. MOTION by
Wilson second by Cordes to forward the Trident Development Plan to the City Council to set a
public hearing. APIF,Motion Carried.
b) 5089 208th Street Reversion Amendment—Director Kienberger noted that the referenced
property was in foreclosure and has been sold by the bank. They are asking for removal of the
reversion clause on the deed. City attorney states that all provisions of the original contract for
private development were met years ago and the reversion clause was never amended. Motion
by Cordes second by Bonar to authorize the EDA Chair and Executive Director to sign the
document terminating the reversion clause for 5089 208th St W, LLC/Just Kidding Around
Daycare. APIF,Motion Carried.
c) Riste Lot Discussion—Staff recently fielded an inquiry about the availability of this parcel and a
potential asking price. While not actively marketed for sale, staff is requesting the EDA discuss
the property and provide direction on a course of action for this or future inquiries. The EDA
would like to have further discussions.
9. DIRECTOR'S REPORT
EDA Minutes(Regular)
March 24,2016
Page 2
March Director's Report
a) Downtown Redevelopment Plan Update-There will be another open house on Tuesday April 5th from
5:00PM—6:30PM at City Hall. The consultants will make a final presentation to the Council on April
18th Chris Kulus, FBA talked to the EDA about what has been going on with their organization in the
last year and the vision they have for the future. They previously funded the flowers in the downtown
area. He doesn't feel this is a function of the FBA and they can no longer afford this amenity. They are
looking for co-sponsors for the events that they sponsor throughout the year. This will be discussed at
future meetings.
b) City Website Update—Director Kienberger noted that he is working with communications staff for
website content for the new website. He would like to get a consensus of whether the Board would like
a photo of the commission on the website. The consensus was to have a photo on the website. Director
Kienberger will check with the absent members and if they are in agreement, he will make arrangements
for a photo at a future meeting.
c) 2016-2018 Strategic Plan for Economic Development—This will be an item on the agenda each month
in the Director's report.
d) Miscellaneous articles were included in the packets for the Boards review.
e) Next meeting will be on Thursday, April 28 at 6:30PM.
10. ADJOURN
MOTION by Wilson, second by Bonar to adjourn at 8:24PM p.m.APIF,Motion Carried.
Respectfully submitted,
Sue Miller
Administrative Assistant