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City of Centerville <br />EDA Meeting Minutes <br />June 18, 2024 <br /> <br />1. Bills <br />a. Check List <br />Executive Director Lewis reviewed the bills as presented in the packet. <br /> <br />Motion by Commissioner Swenson and seconded by Commissioner Smith to approve the <br />bills. All in favor. Motion carried. <br />2. Communications <br />a. None <br />VI. PRESENTATION <br />a. None <br />VII. REPORTS <br />1. Partner Agency Reports <br />a. Anoka County Regional Economic Development (ACRED) <br />Executive Director Lewis reviewed the report as presented in the packet. <br /> <br />2. Year to Date Financials <br />Executive Director Lewis reviewed the financial report as presented in the packet. Discussion <br />ensued about where to code the $637 shown in the Advertising and Printing line item since this <br />expenditure was swag for the Business Appreciation event. The consensus was to move this <br />expenditure to the Appreciation and Events line item. Discussion also ensued about reporting for <br />the opportunity fund line item. <br />Motion by President Remillard and seconded by Councilmember Mosher to approve the <br />financial report with moving the $637 to the Appreciation and Events line item and enhanced <br />reporting on the Opportunity Fund line item. All in favor. Motion carried. <br />3. Ongoing Programs: <br />Executive Director Lewis reviewed the Ongoing Programs report as presented in the packet. <br /> <br />4. AdministratorÓs Report <br />Executive Director Lewis reviewed the AdministratorÓs Report as presented in the packet. <br /> <br />VIII. OLD BUSINESS <br />1. 2025 EDA Budget <br />Executive Director Lewis introduced the item as presented in the packet. Discussion ensued about <br />the revisions to the proposed budget (increase to professional services in the amount of $1,500 for <br />a presentation from our finance consultant and decrease of opportunity fund by $5,000). <br />Discussion ensued about the use of funds to pay for a TIF 101 presentation, and the consensus was <br />to have the CityÓs Finance Director and/or Administrator provide needed information on TIF, but <br />to keep the $1,500 in the budget. Discussion ensued about EDA powers and goals for the next year <br />and the consensus is to focus on learning more about TIF (understanding pros and cons), as well <br />Ћ <br /> <br />