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HomeMy WebLinkAbout2023-06-21 EDA Minutes - Approved APPROVED CITY OF CENTERVILLE ECONOMIC DEVELOPMENT AUTHORITY WORK SESSION & MEETING MINUTES June 21, 2023 6:30 p.m. Pursuant to due call and notice thereof, the City of Centerville held a regularly scheduled Economic Development Authority meeting on June 21, 2023. MEETING I. CALL TO ORDER The meeting was called to order at approximately 6:30 p.m. by President Remillard. II. ROLL CALL President Remillard called the roll. PRESENT: President Mark Remillard Vice-President Chris Swenson Commissioner Darrin Mosher Commissioner Steve King Commissioner Tony Smith STAFF: Assistant City Administrator/EDA Executive Director, Athanasia Lewis ABSENT: None III. APPROVAL OF AGENDA 1. Call for Changes to the Agenda A discussion on the swag bags was added as item 3 under Old Business Motion by Commissioner Swenson, seconded by Commissioner Mosher to approve the revised agenda. All in favor. Motion carried. IV. APPROVAL OF MINUTES The minutes were approved as presented. Motion by Commissioner Mosher and seconded by Commissioner Swenson to approve the May 17, 2023, meeting minutes. All in favor. Motion carried. City of Centerville EDA Meeting Minutes June 21, 2023 V. BILLS AND COMMUNICATIONS 1. Bills a. Check List Executive Director Lewis reviewed the list of checks. Motion by Commissioner Swenson and seconded by Commissioner Smith to approve the check list as presented. All in favor. Motion carried. 2. Communications a. Block 7 VI. PRESENTATION None VII. REPORTS 1. Partner Agency Reports a. Anoka County Regional Economic Development (ACRED) Executive Director Lewis reviewed the report as presented in the packet. 2. Year to Date Financials Executive Director Lewis introduced the financial report as presented in the packet. Motion by Commissioner Mosher and seconded by Commissioner King to approve the financial statement as presented. All in favor. Motion carried. 3. Ongoing Programs: Executive Director Lewis reviewed the Ongoing Programs report as presented in the packet. 4. Administrator’s Report Executive Director Lewis reviewed the Administrator’s Report as presented in the packet. VIII. OLD BUSINESS 1. 2024 Proposed Budget Executive Director Lewis reviewed the proposed 2024 budget as presented in the packet. Motion by Commissioner King and seconded by Commissioner Swenson to recommend approval of the 2024 budget. All in favor. Motion carried. 2. Money Market Account Executive Director Lewis reviewed the item as presented in the packet. Discussion ensued about money market account options, interest rates, and institution of choice. 2 City of Centerville EDA Meeting Minutes June 21, 2023 The EDA decided on opening a money market account with MidWest One and having Finance Director DeJong determine the dollar amount that is deposited. Motion by Commissioner Mosher and seconded by President Remillard to open a money market savings account with MidWest One and deposit the balance minus $2,500 or an amount determined by Finance Director Bruce DeJong and the EDA will reevaluate the account in three months. All in favor. Motion carried. 3. Swag Bags Executive Director Lewis introduced this item and requested that the EDA help collect swag since it is coming in at a slower pace than last year. EDA members discussed businesses they would approach. IX. NEW BUSINESS 1. Prioritize Recommendations from the Downtown Redevelopment Market Study Executive Director Lewis introduced this item. Discussion ensued about the recommendations outlined in the report. Discussion ensued about the recommendations and the EDA would like to explore the following: 1. Incubator spaces to support small business downtown. 2. Leverage local economic development tools, state and federal grants and loans, and other resources for development projects. 3. Combining the following 2 goals: pursuing retail concepts that would be most likely to have success in downtown Centerville and prioritizing retail development on Main Street versus Centerville Road (parcel identification on city owned parcels). Executive Director Lewis will begin working on the priorities and will bring some information back to the EDA. X. ADJOURNMENT Motion by Commissioner Smith, seconded by Commissioner Swenson to adjourn the June 21, 2023, Economic Development Authority meeting at 8:08 p.m. All in favor. Motion carried. 3