09-24-2004 EDAMHutchinson EDA
Board of Directors
Minutes of Meeting
Friday, September 24th' 2004 at 7:00 a.m.
Members present in bold print:
Members:
Tim Ulrich Bob Windel Jim Haugen Don Walser
Duane Hoversten Keith Fischer Casey Stotts
Staff:
Miles Seppelt, EDA Executive Director
John Rodeberg, Public Works Director
Jacki Pillatzki, EDA Intern
I. Tim Ulrich called the meeting to order at 7:05 a.m.
II. Approve Agenda
III. Review and Approve Meeting Minutes
a. Review minutes of August 27th, 2004 EDA Board meeting.
M/S /P: Hoversten, Windel to approve the minutes of August 27th' 2004 EDA Board
meeting with the requested change under other business.
b. Review Minutes of August 24th' 2004 Industrial Park Team
M/S /P: Haugen, Windel to approve the minutes from the August 24th' 2004 Industrial
Park Team meeting with the amended update of the Hutchinson Hotel.
c. Review Minutes of August 26th' 2004Finance Team meeting.
M/S /P: Fischer, Hoversten to approve the minutes from the August 26th' 2004 Finance
Team meeting as written.
IV. Review August Financial Statements/ 2005 Preliminary Budget Request
No financials to review at this time.
The Board reviewed the requested preliminary budget for 2005. Among the items discussed
were rents on the Wetherell and Stritesky properties, surveys and professional consulting, and
fund transfers in 2004. The Board discussed upcoming expenditures that may be unusual in
2005. The Board asked Miles to check with Ken Merrill to see if payments on the Stritesky
property are being reflected in current statements.
M/S /P: Hoversten, Haugen to approve the 2005 preliminary Budget Request.
V. Directors Report
Miles Seppelt gave the following updates:
a. BR &E Visits
o Wooden Walls
• Fastnel
• Shopko
b. Project Updates
1. Streetscaping Project- There will be a meeting later today on the preliminary
numbers for the feasibility study. The numbers were similar to what staff had
expected them to come in at. There will be a presentation in October to discuss
details about the project and property owner assessments.
2. Liquor Store- The Liquor Store Committee has received authorization from the
City Council to begin negotiations on price and purchase agreements on the
properties that need to be acquired for the expansion. The Liquor Store
Committee will return to the City Council for final approval to purchase these
properties. Currently the Committee is working with the architects on conceptual
drawings of the store for more exact cost estimates.
3. Rix Corner- Miles is waiting for letters of commitment from businesses that are
interested in the retail spots on the first floor.
4. State Theater- November 19th is the selected grand opening date. The current
project is the garage that is going up in the back of the building which is where
the electrical and heating /cooling components will be located. The inside of the
theatre is 90% complete. The new windows along the storefronts are going in as
well as a new sidewalk.
5. Hutchinson Hotel- As of right now there is no restaurant going in on the main
level of the Hotel.
6. Mariachi Restaurant- The Mariachi restaurant is now open. Miles and Jacki
noted that the service and the food are excellent.
7. Industrial Park Update
a. Stritesky: The Township has agreed to sign the annexation agreement.
Discussion of a new access road took place. Creek Side may be
interested in 10 -20 acres of this property; this will be discussed at a later
date.
b. Spec Building Project: Miles is currently working on the business plan
for this project (researching financing options, lease rates and the demand
for this type of space). Miles will bring his research to the Board next
month.
8. Business Recruitment Update
The companies listed below are all looking for new communities to expand
business operations. Miles has either met with or has plans to meet with each of
these companies to find out more about them.
a. QuestStar Medical, Inc.
b. InterRAD Medical, Inc.
c. Wadia Moses Engineering Company
d. Financial Crimes Technology Services
e. Gray Technologies
VI. Grant & Loan Application
Sign & Awnin2 Grant
Mariachi Fiesta- Raul Oaxaca $2,000.00
MIS/P: Windel, Haugen to approve Sign & Awning Grant in the amount of $2,000.00 for
Mariachi Fiesta.
VII. Presentation on Big Lake Incentive Program/ T.I.F.
This presentation was a recap from the presentation presented at the August Finance Team
meeting. Highlights from the presentations include:
• Summaries of businesses located in the Big Lake Industrial Park.
• Definition of Tax Increment Financing and how it can be used in projects similar to those
in Big Lake.
• Details on T.I.F. program incentives and recapturing methods
• Rules for creating a T.I.F. district
Discussion took place after the presentation.
VIII. Report on Planned Infrastructure Projects by John Rodeberg Public Works Director
John Rodeberg gave a presentation on the planned infrastructure projects for Hutchinson; some of
these projects will take place in the next couple years and others not for 10 or 15 years. John
provided a handout with all of his PowerPoint slides for future reference.
IX. Chamber update
No report
X. Items IX & X on the agenda will be tabled until the October 29th° EDA Board meeting.
XI. Other business
None
XII. Set next meeting
The next meeting was set for Friday, October 29th' at 7:00 am.
XIILAdjourn
The meeting adjourned at 8:25 a.m.
Respectfully submitted,
Jacki Pillatzki
EDA Intern