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HomeMy WebLinkAboutMinutes_2015_5_26_Meeting(56) MINUTES ECONOMIC DEVELOPMENT AUTHORITY Regular May 26, 2015 1. CALL TO ORDER The meeting was called to order by Chair Larson at 6:30 p.m. Members Present: Larson, Jolley, Bonar, Wilson, Zeaman Members Absent: None Also Present: Adam Kienberger, Community Development Director; Jerry & Denise Ristow, Chris Kulus - FBA 2. PLEDGE OF ALLEGIANCE 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 Zeaman second by Bonar to approve the Consent Agenda as follows: a) Meeting Minutes – March 23rd Regular Meeting b) Monthly Statements APIF, Motion Carried. 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS a) Commercial Rehabilitation Grant Application –341 3rd Street – Director Kienberger stated that Town Properties LLC is requesting $35,000 for improvements to eliminate conditions detrimental to public health & safety. The grant will cover roof replacement, brick tuck pointing/repair, ADA bathroom improvements, and structural repairs. While the grant amount requested is $35,000, the applicant is providing matching funds exceeding $42,500 along with additional improvements to the building and second floor apartments. After renovations, they will open Town Sports sportswear and have two leasable apartment units on the second floor. Both city staff and CDA staff feel this request meets the requirements. The applicant is required to: • Applicant to provide a 1:1 dollar match • Competitive bidding • Davis-Bacon Wage Act (payment of prevailing wages to contractors) MOTION by Zeaman second by Jolley to recommend approval and forward to the City Council for action. APIF, Motion Carried. b) Property Acquisition and Business Expansion – Director Kienberger indicated that Seth Brittain of This Little Piggy Catering has an interest in expanding at their current location and had inquired into the vacant property adjacent to this business. The parcel in question is now in tax forfeit status and staff was requested to place a hold on the parcel for 6 months. Dakota County has assigned a sale price of $90,000 for the 2.21 acre parcel. The City would purchase the property and would sell it to This Little EDA Minutes (Regular) May 26, 2015 Page 2 Piggy Catering for the $90,000 plus related fees within 6 months. The City would retain ownership of the property during the platting and while financing issues are worked out. Jerry Ristow stated to the EDA that he was interested in this property for his auto sales business. The consensus of the EDA was to not take this risk without knowing the full building plans and financials of the company. MOTION by Jolley second by Wilson to not authorize the purchase of the tax forfeit parcel (14-00500- 250-14) via resolution to facilitate the expansion of This Little Piggy Catering in Farmington, due to lack of information and limited timing. APIF, Motion Carried. 9. DIRECTOR’S REPORT May Director’s Report - Broadband study - It is anticipated a joint powers agreement will be in place sometime around September to outline roles, responsibilities, and financial participation requirements to the cities and county. - Planning Commission Work Session – The Planning Commission will be holding a work session on Wednesday, May 27th to discuss a variety of topics, several of which include possible zoning ordinance amendments to address emerging business trends. Related topics are scheduled to include: breweries/brew pubs, data centers, solar farms, and home occupations. By proactively identifying emerging business trends and reviewing existing zoning ordinances, we seek to positively impact the perception of the business climate in Farmington. - Building Permit Report - As of May 18th, a total of 19 permits have been issued for new residential construction. All 19 have been for single-family. The City’s lot inventory is 190 lots. During 2014, the City issued a total of 87 single family building permits. - Miscellaneous Articles – Director Kienberger noted referenced articles included in the packet. The first one discusses the debate surrounding proposed financial incentives for Amazon to locate a distribution center in Shakopee. The other two are broadband related articles that discuss the future of broadband technology and ties to economic development. - Chair Larson indicated that now would be a good time to send the hotel feasibility study to other hotels. The consensus was to have the Director move forward but to continue to work with the Cobblestone Group. 10. ADJOURN MOTION by Bonar, second by Jolley to adjourn at 7:39 p.m. APIF, MOTION CARRIED. Respectfully submitted, Sue Miller Administrative Assistant