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Home My WebLink About1998-09-16 PACKET 04.A.III.REQUEST OF CITY GOUNCIL ACTION COUNCIL AGENDA MEETING ITEM # , DATE 9/16/98 -. p B 6, PREPARED BY Economic Development Kirstin Barsness ORIGINATING DEPARTMENT STAFF AUTHOR �.��..��x..�.��<��><�.��«�.��.�.�.��.�>�«� COUNCIL ACTION REQUEST Please place on record the July 14, 1998 and August 5, 1998 Economic Development Authority Minutes BUDGET IMPUCATIQN BUDGETED AMOUNT ADVISORY COMMISSION ACTION DATE ❑ PLANNING ❑ PUBLIC SAFETY ❑ PUBLIC WORKS ❑ PARKS AND RECREATION ❑ HUMAN SERVICES/RIGHTS � ECONOMIC DEV. AUTHORITY 8/25/98 ❑ SUPPORTING DOCUMENTS ❑ MEMO/LETTER: ❑ RESOLUTION: ❑ ORDINANCE: ❑ ENGINEERING RECOMMENDATION: ❑ LEGAL RECOMMENDATION: � OTHER: 7/14/98 & 8/5/98 EDA Minutes ADMINISTRATORS COMMENTS REVIEWED ❑ ❑ ❑ ❑ ❑ ❑ ❑ ACTUALAMOUNT APPROVED ❑ ❑ ❑ ❑ ❑ � ❑ DENIED ❑ ❑ ❑ ❑ ❑ ❑ ❑ - _- � - - --___-_. _. --._. `�/Y19� '�i Administra4ar Date A '# * %' * * * H * # * Y * i 4 * 'k * * @ * * * :F 'k * * * * # 'k i * d i c W * * 4 rt * * k # 4 * * cou�ci� �c�rio� ��cEr�: ❑ aPw�ov�D ❑ DE�i�a ❑ o� F'�ES�tOUPS�PER_e�_CON\KEE�\CC IPems\Juty & August Minutes Cover.doc CITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES July 14, 1998 Pursuant to due call and notice thereof, a regular meeti�g of the Economic Development Authority was heid at City Hail, 7516 80th Street South, Cottage Grove, Minnesota on the 14th day of Juiy 1998. CALL TO ORDER The meeting was cailed to order at 7:30 by Mayor Denzer. ROLL CALL Members Present: Donna Boehm, Bill Buth, Jack Denzer, Glen Kleven, Fred Luden, Gerard Weingartner, Jim Wolcott Members Absent: None Others Present: Kirstin Barsness, Economic Development Director Ryan Schroeder, City Administrator Liz Johnson, Finance Director Neil Belscamper, Economic Development Secretary APPROVAL OF MINUTES Buth motioned to approve the June 9, 1998 Economic Development Authority Minutes. Kleven seconded. Motion carried unanimously. 4.A. DEVELOPMENT TOUR & GOLF TOURNAMENT Barsness highlighted some of the festivities taking piace at the annual tournament. Knit shirts will be given to participants this year. She said pre-invitations had already been sent, and transportation had been reserved, as well as arrangements for lunch having aiready been made. NSP will sponsor lunch and Weish Companies will sponsor the beverages. A trivia game based on facts given during the tour wiil take place at the golf tournament. Cails have already been coming in requesting foursome spots. CITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES August 5, 1998 Pursuant to due call and notice thereof, a special meeting of the Economic Development Authority was held at City Hall, 7516 80th Street South, Cottage Grove, Minnesota on the 5th day of August 1998. CALI. TO ORDER The meeting was called to order at 7:00 p.m. by Mayor Denzer. ROLL CALL Members Present: Members Absent: Others Present: John Oenzer, Fred Luden, Gerard Weingartner, Jim Woicott Donna Boehm, Biii Buth, Glen Kieven Kirstin Barsness, Economic Development Director Ryan Schroeder, City Administrator 3.A. MODIFICATIONS TO TIF 1-7 Wolcott moved to approve a resolution modifying TIF District No. 1-7. Weingartner seconded. Motion carried unanimously. 3.6. AUGUST MEETING DATE The August meeting date of the Economic Development Authority was determined to be on August 25, immediatefy before the Development Tour and Goif Tournament. 4. MISCELLANEOUS BUSINESS Mayor Denzer recommended that Dick Pederson serve the remainder of Bill Buth's term. The Economic Development Authority approved the recommendation and staff was directed to place the appointment on the next City Councii agenda. ADJOURN Wolcott moved to adjourn. Luden seconded. Motion carried unanimousiy. RespectFully submitted, Neil Belscampe� ' Economic Deve pmen Economic Development Authority - Minutes July 14, 1998 Page 2 4.B MODIFICATION OF TIF 1-7 Barsness stated that the budget is $820,000. She said part of the TIF 1-7 wouid be used for infrastructure of the Renewal project. Additional property wouid be purchased in the industrial park. She noted that part of it couid be brought into the Economic Development budget, but would have to be used for TIF-related projects and must be committed by the end of the year. She said a special meeting would have to be held before the August City Council meeting. A meeting date of August 5 was scheduled. 4.0 Urban and Rural Service Districts Barsness said the county informed the City that the Renewal site was Iocated in the rural service district. She said the service district must be changed by August 1 in order to have the designation cha�ged to urban in o�e year's time. She said it was rare for a community to have both urban and rural service districts. Wolcott moved that the rural service district designation be changed. Buth seconded. Motion carried unanimously. 4.D. Project Updates Barsness said the Renewal by Anderson groundbreaking would take place the foilowing week. She said a grading permit had been issued by the City. She also noted that 20 acres had been optioned for another company next to the Renewai site. 4.E. Budget Discussion Liz Johnson summarized the Economic Development and Economic Development Authority funds. The Economic Development fund is funded by a$35,000 property-tax levy. She said the Economic Development Authority fund is funded mainly by interest. She said both funds should balance and be self-sustaining in the future. Barsness remarked that the levy is under the restriction of limits. She said the EDA can levy taxes via HRA authority, but the funds would be subject to restricted use. Buth commented on using available sources to maximize preparedness in regard to �ew projects in the industrial park. Kieven motioned that staff research using HRA authority to levy additional taxes. Weingartner seconded. Motion carried unanimously. Miscellaneous Business items ' � ! _' Kleven motioned to adjourn. Wolcott seconded. Motion carried unanimously. Respectfully submitted, � il Be r conomic Devel ment Secretary