HomeMy WebLinkAbout06-17-21 CITY OF FARMINGTON
ECONOMIC DEVELOPMENT AUTHORITY MINUTES
SPECIAL MEETING
June 17, 2021
1. CALL TO ORDER
The meeting was called to order by Chair Butterfield at 6:00 p.m.
2. PLEDGE OFALLEGIANCE
Chair Butterfield led those in attendance in the Pledge of Allegiance.
3. ROLL CALL
Members Present: Butterfield,Bernhjelm,Hoyt,Simmons,Hudlemeyer,Carpentier,
Kaufman
Members Absent: None
Staff Present: Kalley Swift,Community Development Specialist
Others Present: Kristie Kerr,Homestead Community Church; Barbara Wolff,
Bloomington Resident; Dean McNeal,Bloomington Resident
4. APPROVEAGENDA
Member Simmons noted that item 5 CITIZEN COMMENTS/PRESENTATIONS was on the
agenda twice and it should only be one item on the agenda.
MOTION by Simmons,second by Hoyt to approve the Agenda with only one item 5 CITIZEN
COMMENTS/PRESENTATIONS rather than two.APIF,MOTION CARRIED.
S. CITIZEN COMMENTS/PRESENTATIONS
6. CONSENT AGENDA
MOTION by Kaufman,second by Hoyt to approve the Consent Agenda as follows:
a) Approved Meeting Minutes (April 15, 2021,Special Meeting)
b) Executive Director Appointment
APIF,MOTION CARRIED.
7. PUBLIC HEARINGS
a) Public Hearing to Consider Sale of the EDA Owned"Riste Lot"at 209 Oak Street
Chair Butterfield opened the public hearing to consider the sale of the Riste Lot and allowed
Kristie Kerr,Homestead Community Church,the ability to speak on behalf of the church.Ms.
Kerr expressed gratitude for the EDA holding a Special Meeting in order to approve the sale
of the Riste Lot.They have been interested in this lot for many years and are very excited to
have it finalized.Homestead Community Church plans on turning it into an accessory
outdoor use with green space.Homestead will look to the Riste Lot for future building
expansion if they need arises.
Community Development Specialist Swift explained the Riste lot was acquired and
demolished in 2007 by the HRA/EDA of Farmington using Community Development Block
Grant(CDBG) funds and Redevelopment Incentive Grant(RIG)dollars.Since 2007 the City
Council and EDA have discussed selling this property for private redevelopment.The EDA
may sell and convey property owned by it within the city if it determines that the sale and
conveyance are in the best interests of the city and its people and that the transaction
furthers its general plan of economic development.The Riste Lot is specifically called out in
the Downtown Redevelopment Plan as a vacant and underutilized site in downtown
Farmington. Homestead Community Church currently owns the Exchange Bank and Larson
Buildings and has invested in the property with facade improvements and interior
renovations.Homestead Community Church has expressed interest in acquiring the Riste
Lot since 2018 and has kept in frequent contact with city staff about acquiring the property.
The Contract for Private Development will require Homestead Community Church to file a
lot combination request with Dakota County to ensure the Exchange Bank,Larson Building,
and Riste Lot remain under common ownership.A purchase price of$35,000 was agreed
upon after the September 2020 appraisal to determine the fair market value of the Riste
Lot.Due to Dakota County and federal requirements,a new appraisal was conducted in May
2021 with a fair market value of$36,000.The EDA will have repayment provisions back
into the CDBG Program upon the sale of the Riste Lot.The EDA will be required to pay back
76.9% of the fair market value.76.9%of$36,000 is$27,684 required to be reimbursed into
the CDBG Program.City staff encourages the sale of the Riste Lot at this time.Specialist
Swift opened the room up for questions from the EDA and public present.
Member Bernhjelm expressed her excitement in seeing this sale become finalized to
Homestead Community Church.She thanked Homestead Community Church for the
improvements already made to the Exchange Bank and Larson Buildings.She is in favor of
the sale. Member Simmons echoed Member Bernhjelm and expressed her excitement to see
this sale finalized.She appreciated Homestead Community Church's patience.MOTION by
Hoyt,second by Bernhjelm to close the Public Hearing to Consider Sale of the EDA Owned
"Riste Lot"at 209 Oak Street.APIF,MOTION CARRIED.MOTION by Hoyt,second by
Kaufman to approve the sale of the Riste Lot and adopt the attached Contract For Private
Development and Resolution 01-21 Authorizing Sale of Property.APIF,MOTION CARRIED.
8. DISCUSSION ITEMS
9. DIRECTOR'S REPORT
10. ADJOURN
MOTION by Simmons,second by Carpentier to adjourn at 6:12 p.m. APIF,MOTION
CARRIED.
Respectfully submitted,
Kalley Swift
Community Development Specialist
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