HomeMy WebLinkAbout12/05/11 It
�-AN HILLS
CITY OF ARDEN HILLS,MINNESOTA
ECONOMIC DEVELOPMENT AUTHORITY (EDA) MEETING
DECEMBER 5,2011
7:30 P.M. - ARDEN HILLS CITY COUNCIL CHAMBERS
CALL TO ORDER/ROLL CALL
Pursuant to due call and notice thereof, President David Grant called to order the EDA
Meeting at 8:26 p.m.
Present: President David Grant and Commissioners Brenda Holden, Fran Holmes,
Nick Tamble, and Ed Werner.
Absent: None
Also present were City Administrator Patrick Klaers; Director of Finance and
Administrative Services Sue Iverson; Community Development Director Jill Hutmacher;
and Deputy Clerk Rebecca Brazys.
1. APPROVAL OF AGENDA
MOTION: Commissioner Tamble moved and Commissioner Holden seconded the
motion to approve the agenda as presented. Motion carried unanimously (5-
2. NEW BUSINESS
A. Approval of EDA Budget
Director of Finance and Administrative Services Iverson reviewed the proposed 2012 budget
for the EDA with total revenues of$651,750, total expenditures of$421,395 and an estimated
fund balance at the end of December 31, 2011, of$2,018,040. The EDA totals include the EDA
General Fund, the EDA TIF District 3 Cottage Villas Fund, the EDA Revolving Fund, and the
EDA TIF District 2 Round Lake Fund. The EDA General Fund will need to use reserves to
balance planned expenditures with available revenues. This fund includes staff time for
operating activities and expenses for the Gateway signs.
City Administrator Klaers commented that the EDA has not met since 2004 and there are
issues that need to be discussed. He suggested that the EDA bylaws be reviewed to make sure
they are consistent with current state law. There should be an EDA meeting held in January, a
regular meeting schedule should be established, and a work plan created. He added that tonight's
ARDEN HILLS EDA MEETING—DECEMBER 5, 2011 2
special meeting being held is appropriate to approve the budget and then lay the groundwork for
upcoming meetings.
MOTION: Commissioner Holden moved and Commissioner Werner seconded a motion
to approve the EDA budget as presented. Motion carried unanimously (5-0).
3. UNFINISHED BUSINESS
None
4. EDA MEMBERS COMMENTS
Commissioner Holmes questioned the need for Arden Hills to have an EDA.
City Administrator Klaers indicated that the comment from Commissioner Holmes raises a
valid issue and would be discussed by the Council at a future work session.
5. STAFF COMMENTS
None
6. ADJOURN
MOTION: Commissioner Tamble moved and President Grant seconded the motion to
adjourn. Motion carried unanimously (5-0).
President Grant adjourned the Economic Development Authority meeting at 8:45 p.m.
Patrick Klaers David Grant
Secretary President
i