Loading...
HomeMy WebLinkAbout2006-12-12 EDA MinutesCITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES December 12, 2006 Pursuant to due call and notice thereof, a regular meeting of the Economic Development Authority was held at City Hall, 7516 80th Street South, Cottage Grove, Minnesota on the 12th day of December 2006. CALL TO ORDER The meeting was called to order at 7:34 a.m. by EDA President Bailey. Rnl I CAI I Members Present: Myron Bailey, EDA President Paul Poncin, EDA Member Gerry Weingartner, EDA Secretary /Treasurer Mike Wennen, EDA Member Jim Wolcott, EDA Member Members Absent: Pat Rice, EDA Vice President Others Present: Howard Blin, Community Development Director Joe Fischbach, Management Analyst Jennifer Levitt, City Engineer Ryan Schroeder, EDA Executive Director Kieren Sell, South Washington County Bulletin APPROVAL OF MINUTES A motion was made by EDA Member Wolcott to approve the November 14, 2006 Economic Development Authority minutes. Seconded by EDA Secretary /Treasurer Weingartner, All Present in Favor. DEVELOPMENT UPDATE EDA Executive Director Schroeder gave the EDA a development update. He specifically talked about building permit activity. Commercial permit values are at $21,531,338 and residential Economic Development Authority - Minutes December 12, 2006 Page 2 permit values are just over $48,000,000. This represents a single family permit value 24% higher than 2005 and 47% higher for attached housing. The ICHOR Creative Stone closing was November 27 and tip -up panels are being installed. Kappa Properties is attempting to close and the closing date is scheduled for December 21 Mr. Schroeder also mentioned the various buildouts, openings and ribbon cuttings in the City. APPOINTMENT TO COMPREHENSIVE PLAN STEERING COMMITTEE Howard Blin introduced this item to the EDA. The Authority will make a recommendation at next month's meeting. PHS BOND ISSUE Mr Schroeder introduced this item. Motion by EDA Member Wolcott to approve the action acknowledging and consenting to the Collateral Assignment of the Contract for Private Development on the PHS /Cottage Grove project. Seconded by EDA Member Poncin, All Present in Favor. OPUS CORPORATION PUBLIC SUBSIDY PUBLIC HEARING Staff is still negotiating the development agreement with OPUS. EDA President Bailey opened the public hearing. Motion by EDA Secretary /Treasurer Weingartner to continue the public hearing until the January 9, 2007 EDA meeting. Seconded by EDA Member Wennen, All Present in Favor. TIF DISTRICT STATUS Ryan Schroeder gave the EDA a status report of the TIF districts in Cottage Grove. SUBSIDIES REPORT Good Jobs First has published a report titled "The Thin Cities: How Subsidized Job Piracy Deepens Inequality in the Twin Cities Metro Area", the EDA Members were given a copy of the report. ROUNDABOUT PRESENTATION Jennifer Levitt gave the EDA a presentation regarding roundabouts and discussed the 2 roundabouts that will be going in at Jamaica Ave and Highway 61. The EDA reacted favorably to the plan. CALENDAR The EDA members were reminded of upcoming meetings and events 2 Economic Development Authority - Minutes December 12, 2006 Page 3 MISCELANEOUS BUSINESS ITEMS Two Management Analysts have been hired. The EDA will have an opportunity to meet them at one of the next few meetings. ADJOURN EDA Member Wolcott moved to adjourn the meeting. Seconded by EDA Secretary /Treasurer Weingartner, All Present in Favor, the meeting adjourned at 8:30 AM. Respectfully Submitted, Joe Fischbach Management Analyst 3