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HomeMy WebLinkAbout2000.08.08 MINUTES , CITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES AUGUST 8, 2000 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 8th day of August 2000. 1. CALL TO ORDER The meeting was called to order at 7:30 a.m. by Mayor Denzer. 2. ROLL CALL • Members Present: Jack Denzer, Shannon Green, Glen Kleven, Fred Luden, Dick Pederson, Gerard Weingartner, Jim Wolcott. Members Absent: None Others Present: Ryan Schroeder, City Administrator Michelle Wolfe, Assistant City Administrator Elizabeth Johnson, Finance Director Neil Beiscamper, Secretary 3. APPROVAL OF MINUTES Kleven moved to approve the July 11, 2000 Economic Development Authority Minutes. Luden seconded. Motion carried unanimously. 4.A. TIF 1-11 REVIEW OF PROGRAM AND PLAN Denzer asked if there were any comments. Schroeder stated that TIF District 1-11 is a 25-year district, and Wolfe commented that the reason the City can do the redevelopment project is that it involves the revitalization of underutilized railway property. Pederson moved to adopt the resolution approving the TIF 1-11 Program and Plan. Kleven seconded. Motion carried unanimously. 4.B. CUSHMAN-WAKEFIELD BUSINESS SUBSIDY PUBLIC HEARING • Denzer opened the public hearing. No citizens were present to speak at the hearing. Wolfe explained the purpose of the public hearing, which is necessary whenever a , . . , . Economic Development Authority- Minutes • August 8, 2000 Page 2 business subsidy involving $100,000 or more is involved. Pederson asked for more information about the project. Wolfe replied that the present proposal would involve a 300,000 sq.-ft building and 300 to 350 employees, and that the City of Cottage Grove is on the short list for the project. Rail access to the site is a primary concern. Kleven questioned whether the proposal meets all the criteria for awarding business subsidies. Schroeder confirmed that all the criteria have been met. Denzer closed the public hearing. Pederson moved to adopt the resolution for awarding business subsidies. Weingartner seconded. Motion carried unanimously. 4.C. PROJECT UPDATES Wolfe went through the list of active economic development projects as presented in the packet. 4.D. BY-LAWS Wolfe requested that the item be tabled. The City Attorney felt that there were a few things that should be updated before adoption of the by-laws. 4.E. BUDGET DISCUSSION • Finance Director Liz Johnson was in attendance to answer any questions regarding the economic development budgets. She explained the two budgets, Economic Development Budget and Economic Development Authority Budget, stating that both could be combined and accounted for in the same manner as separate budgets. Wolcott moved to create a single budget. Weingartner seconded. Motion carried unanimously. Johnson said that the levy for the economic development budget could be increased. After discussion, Kleven moved that the levy be increased. Luden seconded. Motion carried unanimously. 4.F. PHASE I At the time of the EDA meeting, the summary Phase I study for the Industrial Park had not yet been received from Braun Intertec. 4.G. ANNUAL REPORT The Annual Report would be going to the printer this week, and Wolfe noted that the order of 1999 inserts would be limited to avoid waste. 4.H. GOLF TOURNAMENT Eighty players had registered for the event so far, without including participants from the City. Hole-In-One insurance had been obtained and a car would be on site at one of the par-3 holes. • • Economic Development Authority- Minutes • August 8, 2000 Page 3 4.1. PLANNING REVIEW: 5TH STREET VENTURES The Planning Commission had requested EDA comments on this proposal, which is for residential development in a site zoned and guided for commercial development. Denzer stated that it has always been the EDA's stand to keep commercial property for commercial use. Kleven agreed. Kleven moved that the EDA not support the 5th Street Ventures proposal. Pederson seconded. Kleven did not see any reason to give up commercial land for housing, while Pederson remarked that this mistake had been made in the past, and that the City should not repeat it. Motion carried. 4.J. AERIAL PHOTO UPDATE Once prints had been received from the photographer, they would be reviewed and a decision would be made as to placement of an order. Copies could then be sent out with the Annual Report and other advertising correspondence. 4.K. INDUSTRIAL PARK CONCEPT PLANNING Schroeder outlined some of the concerns with stormwater and buffer zones in the Industrial Park. • 4.L. CALENDAR This was an informational item included with the packet. 4.M. MARKETING UPDATE This was an informational item included with the packet. Wolfe said they were pleased with the last ad in City Business. 5. MISCELLANEOUS BUSINESS ITEMS Luden commented that Louann Tobritzhofer had been hired as the new office manager at the Chamber of Commerce. 6. ADJOURN Wolcott moved to adjourn. Weingartner seconded. Motion carried unanimously. Respectfully submitted, Neif Belscamp Economic Development Secre ary •