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HomeMy WebLinkAbout05.19.25 EDA MinutesEDA Minutes of May 19, 2025 Page 1 of 3 City of Farmington Economic Development Authority Regular Meeting Minutes Monday, May 19, 2025 The Farmington Economic Development Authority met in regular session on Monday, May 19, 2025, at Farmington City Hall, 430 Third Street, Farmington, Minnesota. 1.CALL TO ORDER Chair Hoyt called the meeting to order at 5:16 p.m. 2.PLEDGE OF ALLEGIANCE Chair Hoyt lead everyone in the Pledge of Allegiance. 3.ROLL CALL Members Present:Chair Joshua Hoyt Commissioners Holly Bernatz, Jake Cordes, Nick Lien, and Steve Wilson Members Absent: None Staff Present: Lynn Gorski, City Administrator David Chanski, Asst. City Administrator/HR Director Amy Schmidt, City Attorney Deanna Kuennen, EDA Executive Director Stephanie Aman, Economic Development Coordinator Kim Sommerland, Finance Director John Powell, Public Works Director Shirley Buecksler, City Clerk Also Present: Patrick Bowen, President, Bowen National Research Mike Slavik, Dakota County Commissioner Tony Schertler, Executive Director, Dakota County Community Development Agency 4.APPROVE AGENDA Motion was made by Commissioner Wilson and seconded by Commissioner Bernatz to approve the agenda, as presented. Motion carried: 5 ayes / 0 nays EDA Minutes of May 19, 2025 Page 2 of 3 5. CITIZEN COMMENTS No one addressed the Commission to speak. 6. CONSENT AGENDA 6.1 Minutes of the April 21, 2025 Regular Economic Development Authority Meeting 6.2 Open to Business – Q1 Report, 2025 – Dakota County Motion was made by Commissioner Cordes and seconded by Commissioner Lien 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 Presentation of the 2024 Dakota County Housing Needs Assessment Patrick Bowen, President of Bowen National Research, presented (virtually) the findings of the Housing Needs Assessment for the EDA. Commissioners asked questions and engaged in conversation with Mr. Bowen, CDA Executive Director Tony Schertler, and County Commissioner Mike Slavik. 8.2 Partnership Presentation – Dakota County Community Development Agency (CDA) Mr. Schertler presented an overview of the CDA’s work and how the CDA collaborates with communities. 8.3 Initial Discussion – Farmington Local IMPACT Program (IMPACT) Executive Director Kuennen proposed to the EDA a multi-component program that would include the implementation of a revolving low-interest loan program, micro grants, and a separate fund to support building improvements/enhancements. A discussion on the program’s purpose and objectives ensued. The EDA directed Staff to bring this topic forward to a dedicated work session to discuss the program in-depth. EDA Minutes of May 19, 2025 Page 3 of 3 8.4 Grocery Market Study Coordinator Aman presented the Grocery Market Study and stated that the market is favorable for Farmington and indicates a store by 2028. Projections are good for this area; it’s a matter of finding the right grocer. 9. DIRECTOR’S REPORT 9.1 Director’s Report 10. ADJOURNMENT Motion was made by Commissioner Wilson and seconded by Commissioner Cordes to adjourn the meeting at 6:52 p.m. Motion carried: 5 ayes / 0 nays Respectfully submitted, Shirley R Buecksler City Clerk