01-28-2009 EDAMEDA Board Meeting
Main Conference Room — City Center
12 PM Wednesday January 28, 2009
MEETING MINUTES
Members present in bold print.
Members
Tim Ulrich Diane Gordon
VACANT Jim Haugen
Staff
Miles Seppelt, EDA Director
Melissa Reichl, EDA Assistant
Liaison
Bill Corby, Chamber President
Steve Jansick Marc Vaillancourt
Mike McGraw
I. Call to Order
Tim Ulrich called the meeting to order at 12:05 PM.
II. Approve Agenda
No action.
III. Review Meeting Minutes
A. January 7th Board of Directors (December Meeting)
M /S /P: Vaillancourt, Haugen to approve January 7th EDA Board minutes as amended. Passed
unanimously.
B. December 17th Finance Team
M /S /P: Jansick, Vaillancourt to approve the Finance Team minutes of December 17th
Passed unanimously.
IV. Review December Financial Statements — EDA Director
• As of December 31St, the EDA had $94,217 in cash available for operations and a total of
$2,669 in liabilities.
• The EDA has $56,736 in funds reserved for land and $34,812 in unreserved funds.
• $64,886 in taxes were received in the month of December.
• The Economic Development Loan Fund had assets totaling $220,289.
• The Downtown Loan Fund had assets totaling $1,029,944 as of December 31St
• The MIF Loan Fund had $65,502 available and $578,432 in total assets.
The Board decided to table the approval of the Financial Statements until changes have
been made.
V. Director's Report
A. Cenex Project
In mid - February two of the monitoring wells will be installed onsite. Mr. Seppelt talked
to a representative from Braun Intertec and the clean- up portion of the project seems
to be completed.
B. County EDA
The County Board approved the list of candidates for the exploration committee. The
committee should be having their first meeting in about a month.
C. BR & E Project
Staff is working with a "Leadership Group" to put together a business retention survey
to help identify needs of local businesses. The in -depth survey will eventually be
disbursed to 35 -40 local businesses.
D. Incubator Feasibility
Mr. Seppelt met with a group of MBA students and is working with them to develop
an Incubator Feasibility Study. The group will try to determine the feasibility of
developing a successful business incubator in our area.
E. Grant Application
The DEED grant application has been submitted. Staff should hear back in about a
month.
F. Website
1. School & hospital
"Quality of life" links have been added to the website as requested.
2. RSS Feed?
It was determined that further research needs to be done on this topic.
G. MPR
Mayor Steve Cook, Miles Seppelt, and Bill Corby were interviewed on MPR for a story
based on HTI and how the community is coping after the job losses. It should be aired
sometime mid - February.
H. McLeod County Solid Waste
Melissa is working on having a six acre parcel of land just east of the Solid Waste
Facility annexed to the city.
I. Company "X"
Staff has been communicating with a potential company about possibly doing a project
in the new industrial park.
J. Warrior
Warrior MFG. has expressed an interest in buying some property adjacent to their
existing property.
VI. Industrial Park Development
A. Preliminary layout
Mr. Seppelt showed the Board a preliminary layout of the new industrial park. The
Board discussed the proposed layout and was in favor of continued development of the
park as presented.
B. JOBZ Acres
The Board considered a staff proposal to move existing JOBZ acres to the Hackbarth
property and to backfill the Stritesky property at a later time with JOBZ acres obtained
from another community.
M /S /P: Jansick, McGraw to approve the relocation of JOBZ acres.
C. Establish price for land
Setting a sales price for land in the new industrial park was discussed. It was the
consensus of the board that the land should be sold on an "at cost" basis.
VII. Downtown Gateway
Mr. Seppelt presented the concept for a wall mural that may be developed in the
downtown as part of the gateway project on the location of the former Pet Clinic.
The Board discussed the concept and options for funding it. It was the consensus of the
Board that another organization might be better suited to spearhead this effort.
VIII. Grant & Loan Applications — Melissa Reichl
Sign & Awning Grant
Physiological Human Performance Systems
35 Main Street North
$1,500
M /S /P: Jansick, Haugen to approve a $1,500 grant to Physiologic Human Performance
Systems. Passed unanimously.
Storefront Revitalization Matching Grant
Salon Montage — Bob Schleuter
135 South Main Street
$2,586
M /S /P: Jansick, Haugen to approve a $2,586 matching grant to Bob Schleuter. Passed
unanimously.
Commercial Rehabilitation Loan
Salon Montage — Bob Schleuter
135 South Main Street
$8,536
M /S /P: Jansick, Haugen to approve an $8,536 commercial loan to Bob Schleuter.
Passed unanimously.
IX. Other Business
A. Downtown Grant & Loan Report — Melissa
Melissa presented a report listing the grant and loan recipients from 2003 -2007.
B. Board vacancy
Mr. Seppelt, by request of the Board, prepared a letter of clarification to the City Council
on their EDA Board recommendation.
C. Mayor Steve Cook
The Mayor stopped by briefly to discuss some business with the board.
X. Chamber Update
Mr. Corby gave a brief Chamber Update including the Retail Trade Analysis
presentation as well as the classes being offered in response to the economy
and the HTI worker reduction.
XI. Set Next Meeting— January 28th
XII. Adjourn
With no other business to attend to, the meeting adjourned at 1:33 PM.
Respectfully submitted,
Melissa Reichl
EDA Assistant