08-22-2012 EDAMEDA Board Meeting
Main Conference Room — City Center
11:30 AM Wednesday, August 22, 2012
Members present in bold.
MEETING MINUTES
Members
Tim Ulrich Steve Jansick Mike Retterath Daron Vanderheiden
Chad Czmowski Mary Christensen Mike McGraw
Staff
Miles Seppelt, EDA Director
Aaron Othoudt, EDA Assistant
Andy Reid, City Controller
Liaison
Bill Corby, Chamber President
Call to order
EDA President Tim Ulrich called the meeting to order at 11:37 AM
II. Approve Agenda — No Action
Ill. Review meeting minutes:
July 25th, 2012 Board of Directors
M/S/P: McGraw, Christensen to approve the Board minutes as written; passed unanimously
July 18th, 2012 Finance Team
M/S/P: Jansick, Czmowski to approve the Finance Team minutes as written; passed
unanimously.
Iv. Review July EDA Financial Statements — Andy Reid
• Cash available in operations is $139,351.
• $56,736 is reserved (proceeds from Warrior land sale) and $78,500 is unreserved.
• Note: Professional services — Majority of this month's $9,379 expenditure went to Vivid
Image for the marketing plan.
• The Economic Development Loan fund has $564,503 in cash available.
• Loan payments for the month were $10,285.
• Downtown revolving loan fund has $252,806 in cash available, loans totaling $764,757 and
$201,329 in capital assets (Cenex & Wright property).
• Loan repayments totaled $8,887 for the month.
• MIF Loan fund has $146,696 in cash available and loans receivable of $377,388 (NuCrane).
• Loan payments for the month were $5,640.
• Staff is in the process of closing out the grant from the state. After the grant is closed the
process to de -federalize can start.
DI
V1
M/S/P: Vanderheiden, McGraw to approve the July financials as presented; passed
unanimously.
Director's Report
A. Federal Grant Status (Industrial Park): $238,955 Remaining — Federal EDA staff are
working to close out the grant.
B. Minnesota Angel Network update — Staff typically attending 2 MNAN meetings each
month. MNAN continues to ramp up operations.
C. Marketing Plan Update — staff will be working to get all brochures and postcards
distributed by Christmas. Results will be reported monthly:
• Brochures distributed: 16/1000
• Postcards distributed: 240/1000
D. Downtown Revitalization Master Plan: Phase II — no report; EDA Board was in a focus
group prior to this meeting.
E. Depot Marketplace Redevelopment — Staff is still waiting for the Response Action Plan
which outlines the corrections needed on the Depot site. Staff is expecting the review
action plan within the next couple weeks. Hutch Iron & Metal is ready and is waiting for
the movers to move the Quonset building.
F. Les Kouba Pkwy: September / October construction — Staff informed the EDA Board
that the stretch between the Sanctuary and the Cenex site will be paved. City council
approved this project with a start date in the beginning of September.
G. Job Creation Update —
H.
Company
Jobs Created
2011 Wages
Warrior Mfg.
50
$1,307,755
Customer Elation
301
$2,967,574
NuCrane Mfg.
21
$572,728
TOTAL
372
$4,848,057
Discussion — Warrior Mfg. is looking at a potential 30,000 sq ft addition sometime in the
next 3 years or so. Customer Elation is about maxed out on jobs and is not looking to
expand any further in Hutchinson. NuCrane Mfg. is hiring.
Marketing Plan Update —
A. www.minnesotasmanufacturingcity.com — Staff showed EDA Finance team the finished
website.
B. www.hutchinsoneda.com — Staff showed EDA Finance team the finished website.
C. Print — Staff showed the EDA Finance Team the finished products for the brochure and
postcards. Staff will be working to distribute materials to members of the Minnesota
Precision Manufacturing Association, the Central Minnesota Manufacturer's Association,
and other manufacturer's across Minnesota.
D. DEED — Our local DEED representative Lisa Hughes will bring some of our brochures
and other promotional items to trade shows for display. Staff has a meeting with her next
Wednesday.
E. MNAN — Barb Stinnett is a corporate site selector that EDA staff met through MNAN.
Staff will be meeting with Ms. Stinnett to bring her up to speed on what Hutchinson can
offer companies she may be working with
vll. Review of proposed EDA 2013 Annual Budget
Staff presented a proposed 2013 EDA budget for the board to consider. Discussion followed.
M/S/P: Jansick, McGraw to approve the EDA 2013 Annual Budget as written; passed
unanimously.
VIII. Discussion of Downtown Business Plan Contest — Staff presented a first draft of the
Downtown Business Plan Contest for review. Discussion followed. More discussion will
take place in coming months. Staff was asked to meet with other potential partners to see
what they could potentially contribute to the downtown business plan initiative.
IX. Grant & Loan Applications
Sign & Awning Grant Program
Malchert Hubert Sjodin Law Office
22 Main Street North
$2,000
M/S/P: Christensen, Czmowski to approve the grant request; passed unanimously.
X. Other Business — Mike Retterath has indicated that he will be transferring to another job within 3M and
will have to resign from the EDA Board of Directors.
M/S/P: Jansick, McGraw to accept Mike Retterath's resignation as of October 1St 2012;
passed unanimously.
XI. Chamber/ CVB Update— Bill Corby updated the board on upcoming chamber events:
Business After Hours —Wednesday, September 12, at Cornerstone Commons.
Hutchinson Leadership Institute — Still accepting applications. Deadline is Friday, September 7th with
a starting date of Thursday, Sept. 20. Applications are available on our website or by contacting the
Chamber office.
Music in the Park — done for the year. Due to generosity of businesses, Chamber was able to add
back an additional concert.
Arts & Crafts Festival/Taste of Hutchinson — Friday, Sept. 14 and Saturday Sept. 15 in Library
Square.
XII. Set Next Meeting — September 26th
XIII. Adjourn —With no further business to attend to, the meeting was adjourned at 12:32 pm.
Respectfully Submitted,
Aaron Othoudt, EDA Assistant