02-22-2017 EDAM
EDA Board Meeting
Main Conference Room – City Center
11:30 AM Wednesday, February 22, 2017
____________________________________________________________________________
Members present in bold.
MEETING MINUTES
Members
Mike Cannon Corey Stearns Daron Vanderheiden Chad Czmowski
Mary Christensen Mike McGraw Jonny Block
Staff
Miles Seppelt, EDA Director
Matt Jaunich, City Administrator
Andy Reid, Finance Director
Jeff Page, EDA Program Assistant
Economic Development Authority
Financial Summary
Operations
I. Call to Order
Cash Available $152,651
Reserved $56,736
Mike Cannon called the meeting to order at
Unreserved $94,966
11:34 AM.
Economic Development Loan Fund
Cash Available $435,366
II. Approve Agenda – no action
Loan 1 Balance $14,974
Loan 2 Balance $15,195
III. Review Minutes
Downtown Revolving Loan Fund
Cash Available $353,353
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Loans Receivable $567,925
A. January 18 Finance Team Meeting
Capital Assets $201,329
Total Assets $1,106,518
M/S/P: Cannon, Vanderheiden to
MIF Loan Fund
approve the minutes as written.
Passed unanimously. Cash Available $191,478
Loan Receivable $99,938
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B. January 25 EDA Board Meeting
Enterprise Center Fund
Cash Available $708,067
M/S/P: Christensen, Stearns to
Expenditures (Ebert Construction) $20,900
approve the minutes as written. Passed
SHOPKO TIF District (TIF 4-5)
unanimously.
Cash Available $254,874
Interfund Loan Receivable $282,648
Expenditures (TIF admin, Dorsey & Whitney) $0
IV. Review of January EDA Financial
MEDICAL CLINIC TIF District (TIF 4-16)
Interfund Loan Payable $282,648
Statements
M/S/P: Vanderheiden, Stearns to approve the financial report as presented. Passed unanimously.
V. Director’s Report
A. Marketing Plan Report:
o Facebook updates = 11, Twitter activity = 11, Website updates = 2
o Social media effort has 181 likes on Facebook and 63 followers on Twitter.
B. Business recruitment / expansions: Staff provided an update on recent prospects and ongoing
conversations.
C. Old Medical Clinic Redevelopment – staff has been in contact with a developer and they are doing
an informal study get a sense of rental housing needs in Hutchinson.
D. Hotel Project – still awaiting signed purchase & development agreements.
E. Hutchinson Enterprise Center – In consultation with Braun Intertec and the City Engineer it’s been
determined that the existing soils (with Geogrid where needed) will be sufficient for the parking lot
areas. This will result in some cost savings for the project.
F. Workforce Development Plan
o Two high school Tech-ed teachers will be visiting the FESTO training center in New Jersey
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on February 24 to research options for bringing “Industry 4.0” equipment into the High
School and possibly equipping a semi-trailer as a mobile CTE training facility that could be
used on a regional basis.
G. McLeod County – there have been discussions recently at the county level about what could be
done to address the property tax disparities between the western and eastern halves of the county.
VI. Debrief Skilled Workforce Summit
Consensus was that the event went well – many positive comments received.
Only concerns were that Zella’s is probably too small – guests were crowded in pretty tight and
it was difficult to turn around to see the presentation screen.
Proposed improvements for next time:
o Bigger location (probably the new High School)
o Round tables
o Nametags
Next year the event could be held at the High School, tours given, and a menu heavy on appetizers
could be offered – making it easy for people to walk around, etc.
VII. Consider re-appointment of Finance Team members to a full 3-year term
A. Jack Daggett
B. Jennifer Ortloff
C. Josh Karg
M/S/P: Czmowski, Vanderheiden to appoint Jack Daggett, Jennifer Ortloff and Josh Karg to a 3-year
term (expiring March, 2020) on the EDA Finance Team. Approved unanimously.
VII. Grant & Loan Program Applications – None
VIII. Other Business
Discussion on obtaining one of the old city vans to be located at the Hutchinson Enterprise Center.
Staff will research costs to acquire and repair the City’s Ford Freestar Van.
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IX. Set Next Meeting – 11:30 AM Wednesday, March 29, 2017.
X. Adjourn
M/S/P: Stearns, Christensen to adjourn the meeting at 12:35 PM. Passed unanimously.
Respectfully Submitted,
Miles R. Seppelt – Economic Development Director