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HomeMy WebLinkAbout2024-02-20 EDA Minutes - Approved CITY OF CENTERVILLE ECONOMIC DEVELOPMENT AUTHORITY MEETING MEETINGS February 20, 2024 5:30 p.m. Pursuant to due call and notice thereof, the City of Centerville held a regularly scheduled Economic Development Authority meeting on February 20, 2024. MEETING APPROVED I. CALL TO ORDER The meeting was called to order at approximately 5:30 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 Tony Smith Junior Councilmember Avery Sauber ABSENT: Commissioner Raye Taylor STAFF: Assistant City Administrator/EDA Executive Director, Athanasia Lewis ABSENT: None III. APPROVAL OF AGENDA 1. Call for Changes to the Agenda There was one revision to the agenda and that is to add check #10380 in the amount of $34.44 for payroll deductions. Motion by Commissioner Mosher, seconded by Commissioner Swenson to approve the revised agenda. All in favor. Motion carried. IV. APPROVAL OF MINUTES The minutes were approved as presented. City of Centerville EDA Meeting Minutes February 20, 2024 Motion by Commissioner Swenson and seconded by Commissioner Mosher to approve the February 20, 2024, meeting minutes. All in favor. Motion carried. V. BILLS AND COMMUNICATIONS 1. Bills a. Check List Executive Director Lewis reviewed the bills as presented in the packet. Motion by Commissioner Smith and seconded by Commissioner Smith to approve the bills. All in favor. Motion carried. 2. Communications a. Hotel Executive Director Lewis reported that staff met with Apollo Development to discuss the prospect of a hotel on the site north of NorBella. The proposed project would have 90-100 rooms and be a premier brand. Staff shared the market study with Appollo and their hotel operator (new proposed project partner). VI. PRESENTATION a. Mike Brass, Titus Commercial Real Estate Mike Brass, the city’s realtor, reviewed the financial analysis he prepared for construction of a 5,480sf building, at the1737 Main Street site, noting that on a $2M building with a 7.5% interest rate, 20% down for 25-years, the return on investment would be about 1.5%. He noted that this would be difficult to make work. He reviewed alternative scenarios with the EDA, such as a shared space concept where his business is located. Titus Commercial Real Estate shares a building with a tenant and several other businesses that are operating out of executive suites; Mike noted that rents are manageable with a shared kitchen space. Mike also noted that the numbers could work on 3500sf building with apartments on the top floor, if the conditions were right, such as the use of HRA funding, appropriate rents, and the elimination of taxes for about ten years. Mike reported that one of the owners at the Max Storage reached out to him to get help renting their bays – he reported that the process to get the units rented is complex. Discussion ensued about tenants that require conditional use permits versus automatic approvals. The building design was approved for storage, so uses outside this scope may require changes to individual bays. Staff reported that the Planning and Zoning Commission is looking at updates to the Zoning Ordinance to clarify verbiage on “similar uses” in the Table of Allowable Uses - Table 156-A. Staff reported that last month The Planning and Zoning Commission approved an auto detailer and an ATV company. A cabinet maker requires a conditional use permit (CUP) due to needed changes to the bay the business would occupy. VII. REPORTS 1. Partner Agency Reports 2 City of Centerville EDA Meeting Minutes February 20, 2024 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 reviewed the financial report as presented in the packet. Motion by Commissioner Swenson and seconded by Commissioner Smith to approve the financial report 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. Main Street Enhancements Executive Director Lewis reviewed the item as presented in the packet. Discussion ensued about banners – their size, hardware, and replacement. Discussion also ensued about replacing every third banner with a seasonal-themed banner or doing something other than displaying banners. Suggestions include potted plants along Main Street or hanging led lights. The EDA asked for a quote on hardware to support larger banners on the exiting light poles. 2. Swag Quotes Executive Director Lewis reviewed the item as presented in the packet. Discussion ensued about the quotes included in the packet. The EDA would like a quote on campfire mugs. The item was tabled for continued discussion next month. Motion by Commissioner Swenson and seconded by President Remillard to table the quotes for swag. All in favor. Motion carried. 3. Business Appreciation Update Executive Director Lewis reviewed the item as presented in the packet. Discussion ensued about the budget for this year’s event. The budget for the event would include food, swag, venue, speaker(s), etc. Motion by Commissioner Mosher and seconded by Commissioner Swenson to approve a budget not to exceed $2,400 for the business appreciation event. All in favor. Motion carried. 4. Goals & Priorities Executive Director Lewis reviewed the item as presented in the packet. Discussion ensued about the use of Anoka County Housing and Redevelopment Authority (HRA) funding designated for Centerville for things such as acquisition of property, studies, etc. Discussion also ensued about an incubator space, placemaking, whether the City/EDA wants to become a landlord and/or how the city would acquire partners for an incubator space. 3 City of Centerville EDA Meeting Minutes February 20, 2024 IX. NEW BUSINESS 1. Business Cards Executive Director Lewis introduced this item as presented in the packet. Discussion ensued about business cards and lanyards. Motion by Commissioner Mosher, seconded by President Remillard to order business cards and lanyards. All in favor. Motion carried. X. ADJOURNMENT Motion by Commissioner Swenson, seconded by Commissioner Smith to adjourn the February 20, 2024, Economic Development Authority meeting at 7:47 p.m. All in favor. Motion carried. 4