HomeMy WebLinkAbout01.21.25 EDA MinutesCity of Farmington
Economic Development Authority
Regular Meeting Minutes
Tuesday, January 21, 2025
The Farmington Economic Development Authority met in regular session on Tuesday, January 21, 2025, at Farmington City Hall, 430 3rd Street, Farmington, Minnesota.
1.CALL TO ORDERChair Wilson called the meeting to order at 6: 15 p.m.
2.PLEDGE OF ALLEGIANCEChair Wilson lead everyone in the Pledge of Allegiance.
3.ROLL CALLMembers Present:
Members Absent:
Staff Present:
Chair Steve Wilson Commissioners Holly Bernatz, Jake Cordes, Joshua Hoyt, and Nick Lien
None
Lynn Gorski, City Adm inistrator Deanna Kuennen, EDA Executive Director Stephanie Aman, Economic Development Coordinator Shirley Buecksler, City Clerk
4.APPROVE AGENDAMotion was made by Commissioner Hoyt and seconded by CommissionerBernatz to approve the agenda, as presented.
Motion carried: 5 ayes/ 0 nays
5.CITIZEN COMMENTS
No one addressed the Comm ission to speak.
6.CONSENT AGENDA6.1 Minutes of the September 16, 2024 Regular Economic DevelopmentAuthority Meeting6.2 Minutes of the November 18, 2024 Regular Economic Development AuthorityMeeting6.3 Monthly Financial Report
EDA Minutes of January 21, 2025 Page 1 of 4
Motion was made by Commissioner Hoyt and seconded by Commissioner
Bernatz to approve the Consent Agenda, as presented.
Motion carried: 5 ayes / 0 nays
7. PUBLIC HEARINGS
There were no public hearings.
8. DISCUSSION ITEMS
8.1 Issuance of TIF Note and Certification of Completion - Ten Nineteen
Development LLC
In June 2023, the EDA approved a Contract for Private Redevelopment
between the EDA and Ten Nineteen Development LLC to support the private
efforts to develop, redevelop, rehabilitate, and renovate properties
associated with The Emery - a 74-unit market rate apartment building. The
contract identified the terms and conditions related to the financial
assistance requested and provided in the form of Tax Increment Financing
TIF). All terms and conditions of the contract have been satisfied. The
Redeveloper is requesting that the TIF Note be issued.
Motion was made by Commissioner Hoyt and seconded by Commissioner
Cordes to adopt Resolution 2025-01 Authorizing the Certificate of
Completion and Issuance of TIF Note as Provided in the Contract for Private
Redevelopment by and between the Economic Development Authority of
the City of Farmington and Ten Nineteen Development LLC.
Motion carried: 5 ayes / 0 nays
8.2 Letter of Support -T-Mobile Hometown Grant
Executive Director Kuennen presented the Wayfinding Plan, which focuses
on using signage to reconnect its residential neighborhoods to the
downtown area. The plan is comprehensive and looks at everything from
monument signs and their placement, to park kiosks, directional signage,
and downtown identifiers. Since there is not a dedicated funding source to
implement the plan, the next step is to identify potential funding sources to
assist with its phased implementation. The T-Mobile Hometown Grant is one
potential funding source. The grant will help fund projects that foster local
connections, like technology upgrades, outdoor spaces, the arts, and
community centers.
EDA Minutes of January 21, 2025 Page 2 of 4
The EDA asked questions, received answers, and agreed that the Wayfinding
Plan is a beautiful display and a level of polish to the downtown. Discussion
included ideas on where to start with the plan.
Motion was made by Commissioner Hoyt and seconded by Commissioner
Bernatz to authorize the Executive Director to submit a letter of support for
the T-Mobile Hometown Grant on behalf of the EDA.
Motion carried: 5 ayes / 0 nays
8.3 Building a Stronger Future Together: Farmington Business Summit
The Summit is being held on February 4, 2025 beginning at 3 pm at The
Community Room in downtown Farmington. Registration is required.
The agenda is as follows:
3:00- 3:15 pm Welcome, check in, and refreshments
3:15 - 3:30 pm Introduction and overview of economic development
initiatives
3:30 - 4:15 pm Introduction of and presentation by Dakota County
Technical College and Inver Hills Community College staff
on workforce training and future offerings for our business
community
4:15-4:30 pm Introduction of Minnesota Department of Employment and
Economic Development and Metropolitan Consortium of
Community Developers staff and offerings
4:30- 4:45 pm Discussion of next steps
4:45 - 5:00 pm Open forum, additional networking time, and surveys
Post survey and Summit, Staff and the colleges will gather and review the
data collected and determine the best actionable steps based on the
feedback received.
9. DIRECTOR'S REPORT
9.1 Director's Report
10.ADJOURNMENT
Motion was made by Commissioner Hoyt and seconded by Commissioner Lien to
adjourn the meeting at 6:47 p.m.
Motion carried: 5 ayes / 0 nays
EDA Minutes of January 21, 2025 Page 3 of 4
Respectfully submitted,
ShirletR e ksler
City Clerk
EDA Minutes of January 21, 2025 Page 4 of 4