08-24-2022 EDAM
EDA Board Meeting
Hutchinson Enterprise Center
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11:30 AM Wednesday, August 24, 2022
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MEETING MINUTES
Economic Development Authority
Members present in bold.
Financial Summary as of July 2022
Operations
EDA Board Members
Cash Available $149,408
Reserved $56,736
Mike McGraw
Unreserved $88,280
Jonny Block
Mike Cannon Economic Development Loan Fund
Corey Stearns Cash Available $139,503
Chad Czmowski
Zephyr Wind Services $67,447
Mary Christensen
Laser Dynamics Balance (forgivable) $23,000
Jack Daggett
Innovative Foam Balance (forgivable) $14,355
Jeremy Carter
Advances to other funds (Enterprise $236,488
Center)
Staff
Downtown Revolving Loan Fund
Miles Seppelt, EDA Director
Cash Available $435,914
Matt Jaunich, City Administrator
Loans Receivable $296,737
Andy Reid, Finance Director Capital Assets $201,329
Maddie Newcomb, EDA Program Manager Total Assets $1,070,893
MIF Loan Fund
Guest
Cash Available $8,051
Liz Danielson
MOXY Loan Receivable $9,290
Enterprise Center Fund
I. Call to Order
Cash Available $38,191
Meeting called to order at 11:34 AM.
SHOPKO TIF District (TIF 4-5)
Cash Available $288,923
II. Review Agenda
Interfund Loans Receivable $384,685
MEDICAL CLINIC TIF District (TIF 4-16)
III. Review Minutes
Interfund Loan Payable $260,412
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a. July 20 Finance Team meeting
M/S/P: Daggett, Block to approve the minutes as written. Passed unanimously.
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b. July 27 EDA Board Meeting
M/S/P: Czmowski, Daggett to approve the minutes as written. Passed unanimously
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c. August 15, EDA Special Meeting
M/S/P: Block, Czmowski to approve the minutes as written. Passed unanimously
IV. Review of EDA Financial Statements
Staff provided an update on the EDA financials. (Please refer to table)
M/S/P: Christensen, Czmowski to approve the financial reports as presented. Passed unanimously.
V.
A. Marketing Plan: FB = 757, T = 98, Facebook updates = 10, Twitter updates = 0, Website updates = 3
B. Business Recruitment / Expansions staff gave an overview of projects.
C. Expansion project updates Pride Solutions roof is insulated and done, still looking at finishing in mid-
October, 20,300-sf. Stearnswood looking at October as well, going well, 10,200-sf. RD Machine starting
this fall, received site plan.
D. Rural Childcare Innovation meetings coordinating an effort to address the
childcare crisis in Hutchinson. According to them, Hutchinson needs 400+ openings in the city. Several
initiatives are underway: host an appreciation event for childcare workers, then there will be a
public open house to educate people on the issue. Finally, coordinate implementation of a plan to
address the issue. About 24 community members are in on this conversation.
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E. Human Resources Roundtable held on August 9, about 10 HR professionals attended. This was well
received and will continue to meet every other month at SWIF.
F. Civil Air Patrol building water & sewer lines are run to the site, excavation is underway. Hanger to be
completed next summer.
G. Proposed workforce marketing marketing campaign is taking shape, staff will put together materials for
businesses to consider and pay a visit to them. Overall this is moving forward.
VI. Hutch Uptown Commons $37,370
A. Project Update
Offer letters sent to Rannow and Witt, plus his two rentals. Still waiting on a comparable for Olson. All
owners are interested and developer is ready to go. Site plan review will take place over the winter,
project should start in the spring.
Received grant agreement from FEMA.
RFP for
qualify for a redevelopment TIF district we are good to go. Staff will coordinate inspections to make
that determination.
B. Authorization for engineering services
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Received 2 quote for the design work for the required pond.
SEH has a significantly greater understanding of the project.
M/S/P: Czmowski, Daggett to authorize moving forward with SEH for the pond design and engineering
services for the Hutch Uptown Commons project in the amount of $37,370. Passed unanimously.
VII. Gold Coin
Update / Consider extending time to open / FT suggested 6/30/2023 deadline to open
Current deadline is 12/31/22.
Owners had communication issues with the architect, which has delayed the project.
So far, the roof has been redone and demolition is complete. Architect is close to finishing, Richard
Larson Builders are lined up for construction.
Discussion on the project.
M/S/P: Block, Christensen to approve extending the deadline to open Gold Coin in order to receive
JumpStart Downtown funds to 6/30/2023. Passed unanimously.
VIII. Industrial
developing an RFP
Staff has had good conversations with Systems West and Marcus Construction about a spec building.
Process would be: Set up an economic development TIF district, sell the lot for $1, spec building
(about 30,000sf) goes up, and both the builder and the EDA market the building to fill it.
Site selectors and business prospects are wanting existing buildings, which we have none of.
Goal is a 2023 project.
M/S/P: Block, Daggett to approve circulating a request for proposal to local builders for a spec building in the
industrial park. Passed unanimously.
IX. Quade Project / Central Hydraulics Project
Quade project is no longer viable, the prospective client could not pay the rent needed to make the
project happen. The gap analysis also showed that public assistance would not have been warranted
due to the projected ROI.
Central Hydraulics is looking to build their own building.
Discussion on lot options for this commercial project.
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M/S/P: Czmowski, Christensen to authorize offering Central Hydraulics 1020 5 Ave SE for $1 per sf for a
total of $248,531. Passed unanimously.
X. Grant & Loan Program Applications None.
XI. Other Business
Discussion on River House and 101 Park Place.
October EDA Board meeting potentially taking place at Uponor.
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XII. Set Next Meeting 11:30 AM Wednesday, September 28, 2022
XIII. Adjourn With no further business to attend to, the meeting adjourned at 12:39pm.
Respectfully Submitted,
Madison Newcomb
EDA Program Manager