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HomeMy WebLinkAbout3.1 December 10, 2019 Meeting Minutes CITY OF COTTAGE GROVE E CONOMIC D EVELOPMENT A UTHORITY MINUTES EDA Meeting December 10, 2019 Pursuant to due call and notice thereof, a meeting of the Economic Development Authority was held at th Cottage Grove City Hall, 12800 Ravine Parkway, Cottage Grove, Minnesota 55016 on the 10 day of December 2019 at 7:30 a.m. CALL TO ORDER The meeting was called to order at 7:30 a.m. by EDA President Bailey. ROLL CALL Members Present: Myron Bailey, EDA President Steve Dennis, EDA Vice President Dan Myers, EDA Member Rachel Smoot, EDA Member Eric Thiewes, EDA Member Ramona Westerberg, EDA Member Members Absent: Chris Carey, EDA Member Staff Present: Jennifer Levitt, EDA Executive Director/City Administrator Robin Roland, Finance Director Christine Costello, Acting Community and Economic Development Director Matt Wolf, Economic Development Specialist Others Present: None APPROVAL OF MINUTES 3.1 Approval of the November 12, 2019 EDA Minutes EDA President Bailey stated there was one correction to the minutes in that Finance Director Roland was not in attendance at the meeting and the minutes incorrectly indicated that she was in attendance. Economic Development Authority – Minutes December 10th, 2019 Page 2 of 4 EDA Vice President Dennis motioned to approve with the correction the November 12, 2019 EDA Meeting Minutes. EDA Member Westerberg seconded. Motion passed unanimously (6-to-0 vote) BUSINESS ITEMS 4.1 Economic Development Update/Business Inquiry Economic Development Specialist Wolf gave an overview of the various projects that are currently occurring throughout the City of Cottage Grove as related to Economic Development. 4.2 Amendment to Business Subsidy Policy Acting Community and Economic Development Director Costello presented on a requested amendment to the Business Subsidy Policy that would allow for loans to be used to help finance various economic development projects if the project qualified. EDA Member Thiewes asked if there was a maximum loan amount the City of Cottage Grove would give out to a potential project. Acting Community and Economic Development Director Costello stated their was no maximum amount of financing the overall loan amount would depend on the project and any amount would be brought before the EDA for consideration. EDA Member Thiewes motioned to approve the amended Cottage Grove Subsidy Policy and forward to the Cottage Grove City Council for formal public hearing and approval. EDA Member Myers seconded. Motion passed unanimously (6-to-0). 4.3 2019 Façade Improvement Program Acceptance and Proposed 2020 Façade Improvement Program Economic Development Specialist Wolf presented on the results of the 2019 Façade Improvement Program and discussed the upcoming proposed 2020 Façade Improvement Program. Economic Development Specialist Wolf stated that the 2020 program would only have one change and that was all applicants could apply for the full $25,000 in funding instead of a maximum amount of $5,000 in 2019. EDA President Bailey stated he would like to know how much funding and what it is being used for in other communities that have façade improvement programs. EDA President Bailey stated he does not want to see any changes for 2020 but would like to see the requested information when looking at the program for 2021. EDA Member Myers agreed and stated with more funding in the program their were better opportunities for more impactful projects. EDA Member Smoot motioned to approve the payment of $24,999 to East Point Douglas Property Management, LLC based on completion of the façade improvement of the building located at 7470 East Point Douglas Road. EDA Vice President Dennis seconded. Motion passed unanimously (6-to-0). EDA Member Myers motioned to authorize $25,000 for the 2020 Façade Improvement Program. EDA Member Thiewes seconded. Motion passed unanimously (6-to-0), 4.4 Skyline Exhibits – EDA Display Economic Development Authority – Minutes December 10th, 2019 Page 3 of 4 Economic Development Specialist Wolf discussed the new marketing display to be used by the EDA at various events to promote the City of Cottage Grove. EDA Vice President Dennis stated that a lot of strategy went into the design of the new display and making it a display that the community can feel proud of displaying at events. EDA President Bailey stated that the display could attach a television in order to include additional marketing videos or other materials on the community. EDA Vice President Dennis motioned to approve the purchase of a new display from Skyline Exhibits to be used to promote the community at various events for future development. EDA Member Westerberg seconded. Motion passed unanimously (6-to-0). PUBLIC HEARINGS None OTHER BUSINESS 6.1 Calendar EDA President Bailey mentioned that this evening (December 10, 2019) the Holiday Train will be arriving in Cottage Grove. 6.2 EDA Comments EDA Vice President Dennis stated that once again he has prepared a year-in-review, which he does to celebrate all the success the community has seen in 2019. EDA Vice President Dennis commented that the City of Cottage Grove has hit a large total of new houses of almost 300, which would push the population up to 38,000. EDA President Bailey congratulated and presented a certificate of appreciation to EDA Member Westerberg for her years of service to the EDA. EDA Member Westerberg stated that she was very thankful to be on the EDA and to see the former Home Depot building redeveloped. EDA Member Westerberg stated she was looking forward to continuing to serve the City of Cottage Grove in other capacities. EDA President Bailey commented that if there were residents who were interested in serving on the Cottage Grove EDA or other Cottage Grove boards that they should check with the City of Cottage Grove website for openings. 6.3 Response to Previous EDA Comments None WORKSHOP None AJOURN EDA Member Westerberg made a motion to adjourn. EDA Member Myers seconded. The meeting adjourned at 8:06 a.m. (6-to-0 vote) Economic Development Authority – Minutes December 10th, 2019 Page 4 of 4 Respectfully Submitted, Matt Wolf Economic Development Coordinator