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HomeMy WebLinkAbout2019-11-20 EDA Minutes - Approved CITY OF CENTERVILLE ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES November 20, 2019 6:30 p.m. Pursuant to due call and notice thereof, the City of Centerville’s Economic Development Authority held a regularly scheduled Meeting on November 20, 2019 at 6:30 p.m. I. CALL TO ORDER II. ROLL CALL PRESENT: President Jeff Hanzal Vice-President Jim Weatherhead Treasurer Michael Giovinazzo Council Member Michelle Lakso Council Member D. Love STAFF: City Administrator Mark Statz III. APPROVAL OF AGENDA 1. Call for Changes to the Agenda Administrator Statz asked President Hanzal to strike item 2 from IV. Approval of Minutes. The minutes from the October 23 were not available. Motion by Commission Member Love, seconded by Commission Member Weatherhead to approve the agenda with change. All in favor. Motion carried. IV. APPROVAL OF MINUTES 1. October 16, 2019 Meeting Minutes No changes to the minutes were suggested. Motion by Commission Member Lakso, seconded by Commission Member Weatherhead to approve the Minutes of the October 16, 2019 meeting as presented. All in favor. Motion carried. V. BILLS AND COMMUNICATIONS 1. Bills (a) None City of Centerville EDA Meeting Minutes November 20, 2019 VI. REPORTS 1. Administrator’s Report VII. OLD BUSINESS 1. 1737 Main Street Discussion – Mike Brass Commercial Realtor Mike Brass was on hand to give the commission his opinion on the marketability of two city-owned properties. Mr. Brass addressed the potential uses for 1695 Main Street (northwest corner of Main Street and Centerville Road). He felt that the parcel’s best use was as a part of an assembly of other neighboring properties or as parking area for redevelopment across Main Street. The market for the property as a stand-alone sale, in his opinion was very limited and could result in less desirable development which could inhibit larger redevelopment in the area in the future. Next Mr. Brass addressed the property at 1737 Main Street (northeast corner of Main St. and Progress Rd.). Different from the property at 1695 Main Street, this property is not surrounded by property which is particularly well positioned for redevelopment. The apartments to the north were just reinvested in, with a new owner and there is a modern home to the east. A portfolio of information was handed to commissioners. It included a listing of comparable properties in the northeast metro along with their lease costs on a square foot basis. Mr. Brass explained the factors that influenced commercial lease rates and why certain properties were more desirable than others. These factors included traffic counts, visibility, ease of access, rooftops in certain radii from the site, etc. With these things in mind, Mr. Brass presented a mock pro-forma for a potential building on the site at 1737 Main Street. The conclusion of this analysis is that the site is not quite strong enough to be an investor-driven speculative building opportunity. In order to make a viable project, the city would need to attract a commercial operator who would be building a space for themselves. Secondly, adding apartments above the building on the second story, would help subsidize the site with steady income and could help make the project more viable. Because of the marginal nature of the site, Mr. Brass suggested that the city authorize him to work with an architect and engineer to sketch out a potential building and site layout. This action would help market the site to potential developers/businesses. Motion by Commission Member Hanzal, seconded by Commission Member Weatherhead to authorize Mr. Brass to commission a rendering of a potential building and site layout for the propert at 1737 Main Street, at a cost not to exceed $2,000. 2. Draft Promotional Video Review The commission reviewed a draft of the promotional video they have commissioned. Discussion ensued, with the following comments to pass along to the consultant: Page 2 of 3 City of Centerville EDA Meeting Minutes November 20, 2019  Pull the shot of our water tower from the MN Tech Corridor video and add that to the start of this video.  In general, we are concerned with the lack of traffic in our video. The empty school parking lot on the opening shot, etc. If there’s any way to emphasize shots with some traffic driving by, that would be nice.  0:40-0:44 – could shorten this sequence  Is there a way we can “highlight” our available lots in some of the shots. This would look like a superimposed translucent color over the shape of the actual lot for sale.  Would like to highlight access to freeway and proximity to downtowns (Mpls., St. Paul).  Here are some facts/figures to mix in o 1200+ newly platted lots within 2 miles o Centennial School District o 6 Express Busses to Downtown St. Paul daily o 60+ acres of available Industrial land o 30+ acres of available Commercial land o Sewer and Water Service adjacent to all available land o Class 3 ISO Fire Rating o Resilient Infrastructure No official action was taken. Staff was directed to pass these comments along. 3. Strategic Plan Discussion The commission reviewed the proposed line-item budget for 2020 and the previous strategic plan outline which included 3 pillars of Marketing, Beautification and Existing Business Retention. President Hanzal intends to outline a more detailed plan and review it with Administrator Statz. The plan will then be discussed with the commission at the next meeting. VIII. NEW BUSINESS 1. None IX. ADJOURNMENT Motion by Commission Member Giovinazzo, seconded by Commission Member Lakso to Adjourn the EDA meeting at 9:07 p.m. All in favor. Motion carried. Respectfully submitted by EDA Secretary, Teresa Bender Page 3 of 3