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HomeMy WebLinkAboutEDC 09-29-2004 ~ . ~~HILLS CITY OF ARDEN HILLS, MINNESOTA ECONOMIC DEVELOPMENT COMMISSION SEPTEMBER 29, 2004, 7:00 A.M. CITY HALL 2:-'D FLOOR CONFERENCE ROOM, 1245 WEST HIGHWAY 96 Those in attendance: Commissioners Bruce Kunkel, Chris Ashbach, James Paulet, Kevin Kelly, Mayor Aplikowski and Scott Clark, Community Development Director. Those absent: Commissioners Ed Wemer, Ray McGraw and Dale Beane. The meeting came to order at 7:30 a. m. This was the first meeting of the Economic Development Commission (EDC). The Mayor greeted the group and the Commission members introduced themselves and their interest in serving, It was stated that the broad charge of the EDC will center on business connections, marketing and assisting in developing redevelopment strategies. These areas were outlined in the Council's original enabling resolution. Mr. Clark outlined that the first project could be the creation of an Economic Development Assistance Study. The purpose ofthe Study would be to give the Council information on . regional redevelopment projects, economic development tools, how these tools affect the taxpayers of the community, examine the economic issues of TCAAP on a macro scale and potential policy recommendations. The Commissioners where asked to submit back to staff five key questions that center on " those questions that need to be answered in order to make an informed recommendation to the Council on the use of economic development assistance". These questions will help staff develop a work plan outline. The study would not be specifically focused on the current developer's needs but the broader question of potential economic development assistance for TCAAP. Staff will present this charge back to the Council for their consent at their October 12, 2004 meeting. Based on the idea that the EDC will take on this study, three meetings have been established to start the process-October 20'\ November 3,d and November 17, 2004. All meetings would run from 7:00 a.m, to 9:00 a,m. It is anticipated that this study could take up to five months to complete. In order to meet the other charges staff asked the Commissioners to submit thoughts related to the following questions: How can the EDC connect with the business community? What are your ideas on marketing the City? It was discussed that this could be viewed in tenus of strengthing existing business and future TCAAP development. . What are the current unmet business needs in the City? Economic Development Commission Minutes Page2 September 29,2004 . What businesses are important to connect with in the community? What businesses do the community not have that should be recruited? It was suggested by the group that the Mayor should serve as Chair and Mr. Kunkel will serve as Vice-Chair. This arrangement will be to the end of the year. The reason for the Mayor being Chair was to ensure that the EDC's direction and the Council's remain consistent. The EDC also thought that a real estate person would be a beneficial addition to the group. Meeting adjourned at 9:00 p.m, The next meting will be on October 20,2004 at 7:00 a.m. Respectfully submitted by Scott Clark, Community Development Director ~~ 9tj7~' /EDC Chao 7May r Beverly Aplikowski ~ CJ2.L- ' .\' Scott Clark Community Development Director . \lEarthlPlanning\Misc FileslEDC\minutesseptember 29, 2004,doc . ~ . "1\~HILLS CITY OF ARDEN HILLS, MINNESOTA ECONOMIC DEVELOPMENT COMMISSION OCTOBER 20, 2004, 7;00 A.M. CITY HALL 2ND FLOOR CONFERENCE ROOM, 1245 WEST HIGHWAY 96 Those in attendance: Chair Beverly Aplikowski, Vice Chair Bruce Kunkel, Commissioners Chris Asbach, Kevin Kelly, Ray McGraw, Jim Paulet, Ed Werner. Scott Clark, Community Development Director and Stacie Kvilvang from Ehlers and Associates. Absent: Commissioner Dale Beane excused. The meeting came to order at 7:00 a.m. Commissioners Werner and McGraw introduced themselves to the group. Mr. Clark gave a brief introduction ofTCAAP's history, the Vento Plan, the land use planning process leading to the current draft Framework Plan and the Early Transfer process. Mr. Clark also stated that the Council approved the group's charge of "Reviewing the need for the TCAAP project to receive economic development assistance and the affect on the community as a whole." . To start the process of understanding the tools of economic development assistance, Ms. Kvilvang, Ehlers and Associates, gave a very detailed presentation. All Commissioners were given a book illustrating the power point, summary pages, tax increment law, tax abatement principles, and special service district legislation. In addition, a discussion was held on grants and speciallegisJation as additional redevelopment strategies. A general discussion on various technical points was held between Ms. K vilvang, staff and the Commissioners as the presentation was made. Some of the key points made during the discussion centered on how assistance, especially through tax increment, can be limited or be constructed to be a benefit to the community. Since the propcrty is currently tax exempt, the creation of a "base value" will allow the City's general fund to participate in revenue sharing, fiscal disparities election, the types of districts, duration and removal of parcels prior to district expiration, tax increment vs. tax abatement, legislative restrictions on use and bonding strategies. The EDA's next two meetings will center on hearing presentations from communities that are actively involved in redevelopment projects that are using economic development assistance as a source of financing. Meeting adjourned at 9:00 a.m. . Economic Development Commission Minutes Page2 October 20, 2004 . Respectfully submitted by Scott Clark, Community Development Director df~~ ~b/~~' /Beverly A ikowski Economic Development Chair/Mayor <-~1iLLL__ Scott Clark Community Development Director \1E'11h\Planning\Misc FilesIEDC\Oct. 20, 2004 Minutes.doc . .