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HomeMy WebLinkAbout11-30-17 MINUTES ECONOMIC DEVELOPMENT AUTHORITY Regular Meeting November 30, 2017 1. CALL TO ORDER The meeting was called to order by Chair Larson at 6:30 p.m. Members Present: Larson, Cordes, Corraro, Jolley, Simmons, Wilson Members Absent: Craig Also Present: Adam Kienberger, Community Development Director;Kara Hildreth 2. PLEDGE OFALLEGIANCE 3. ROLL CALL 4. APPROVE AGENDA MOTION by Corraro, second by Cordes to approve the Agenda. APIF,MOTION CARRIED. 5. CITIZEN COMMENTS 6. CONSENT AGENDA MOTION by Simmons, second by Corraro to approve the Consent Agenda as follows: a) Approved Meeting Minutes (September 28, 2017, Regular Meeting) b) Monthly Financial Statements Member Jolley asked about the Other Financing Sources of(8,499)under December YTD Actual Budget Variance 2017. She asked if this means we came in under money that was to be allocated or did we use more than we thought we would. Staff explained we receive revenues on a monthly basis as part of an annual $40,000 basis. So it is not a true year end amount because we have not received the last two months transfer. c) Approved CDBG Subrecipient Agreement—Program Year 2017 d) Authorized Tax Increment Note—Legacy of Farmington APIF,MOTION CARRIED. 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS a) 2017 Downtown Facade Improvement Program Summary In 2017 a total of$5,000 in grant funds was distributed to two businesses with projects totaling $17,948. There were three businesses that applied for a grant and were approved, but did not follow through with their project. Staff will market the program in early 2018. EDA Minutes(Regular) November 30,2017 Page 2 Member Simmons asked if staff could create a five-question survey as to why the business wouldn't participate in the program. Member Jolly noted many of them are renters and building owners live out of town. There is also the need for matching dollars. Member Simmons asked about presentations on the program to the FBA. This was done at the beginning of the program. The survey could be included in the initial mailing to the building owner. b) 2018 Community Development Block Grant Allocation The city will be receiving an estimated $31,775 in CDBG funds for program year 2018 (July 1, 2018—June 30, 2019). Staff is proposing the funds be allocated between four activities: $15,000 allocated to a Highway 3 corridor planning study for redevelopment opportunities. This would allow us to pursue a CDA Redevelopment Incentive Grant in the same amount and meet the match requirements. $10,000 for the Commercial Rehabilitation Grant Program. $5,000 to Senior Services—Financial Support Program. $1,775 for the Residential Rehabilitation/Home Improvement Loan Program. Member Jolley asked about the Highway 3 planning study and which part of Highway 3. Staff explained they will know more after the completion of the comprehensive plan. Based on the comments,they will tell us which area along Highway 3 has the most interest. Member Jolly noted half of our allocation is being directed toward a vague study. She would like the EDA to have some input in the study. Member Simmons noted Rosemount and Northfield have invested in their Highway 3 corridor and those along Highway 3 in Farmington would like to have pride in their area also. MOTION by Wilson, second by Corraro to approve the CDBG allocation of $31,775 for PY2018 as noted above. APIF,MOTION CARRIED. 9. DIRECTOR'S REPORT a) November Director's Report The Urban Land Institute spoke to the City Council, EDA and Planning Commission on upcoming challenges and strategies for economic development. EDA members were very impressed with the presentation. Member Wilson felt the EDA needs to be more focused on one or two things, such as on getting people to downtown. Chair Larson noted they mentioned the large amount of industrial space that will be needed. This coming year will be the final year for the current Economic Development Strategic Plan. Towards the end of 2018 we will look at creating a new strategic plan. This will be discussed during the summer. EDA Minutes(Regular) November 30,2017 Page 3 The next meeting is scheduled for December 28, 2017. Staff proposed canceling that meeting and have a meeting in mid-January. It was decided to cancel the December meeting and have the next meeting on January 25, 2018, as scheduled. 10. ADJOURN MOTION by Corraro, second by Cordes,to adjourn at 7:20 p.m. APIF,MOTION CARRIED. Respectfully submitted, Cynthia Muller Administrative Assistant