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HomeMy WebLinkAbout2024-08-21 EDA Minutes - Approved CITY OF CENTERVILLE ECONOMIC DEVELOPMENT AUTHORITY MEETING MEETINGS August 21, 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 August 21, 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 Councilmember Darrin Mosher Councilmember Raye Taylor ABSENT: Commissioner Smith STAFF: Assistant City Administrator/EDA Executive Director, Athanasia Lewis III. APPROVAL OF AGENDA 1. Call for Changes to the Agenda There was one addition to the agenda. An additional quote for holiday lighting was added under New Business item 2. Motion by Commissioner Taylor seconded by Commissioner Swenson to approve the agenda as revised. All in favor. Motion carried. IV. APPROVAL OF MINUTES The minutes were approved as presented. Motion by Commissioner Swenson and seconded by Commissioner Taylor to approve the July 17, 2024, meeting minutes. All in favor. Motion carried. V. BILLS AND COMMUNICATIONS City of Centerville EDA Meeting Minutes August 21, 2024 1. Bills a. Check List Executive Director Lewis reviewed the bills as presented in the packet. Motion by Commissioner Swenson and seconded by Commissioner Mosher to approve the bills. All in favor. Motion carried. 2. Communications a. None VI. PRESENTATION a. 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 reviewed the financial report as presented in the packet. Motion by Commissioner Swenson and seconded by Commissioner Taylor 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. None IX. NEW BUSINESS 1. Revolving Loan and Grant Program Guidelines Executive Director Lewis introduced the item as presented. Discussion ensued about the monies set aside in the HRA fund for the City’s Revolving Loan and Grant program (RLGP). Executive Director Lewis explained that in 2021 the County approved a resolution from the city to set aside $25,000 for the City’s RLGP; the resolution did not specify an expiration date, so the funds are available until they are used. Executive Director Lewis added that after the release of HRA funds from the County for the St. Genevieve’s project, the approved balance set aside for RLGP, would be about ~11,000. Executive Director Lewis added that having the County approve a funding request from the City ahead of anticipated applications is beneficial to the applicant because the 2 City of Centerville EDA Meeting Minutes August 21, 2024 applicant would not have to wait for the County to go through their 2-step approval process, which can take about a month. Discussion ensued about the grant guidelines and the Board decided to amend the language for allowing multiple applications. The Board agreed that an applicant can apply for a grant in the amount of up to $10,000 within three years, along with an option to submit another application for a maximum of $5,000. The purpose it to allow eligible applicants to receive an award of up to $15,000 within the six-year period – the applicant would then be ineligible to receive funding again through this program. Discussion ensued about reimbursement of grant dollars for signs. The guidelines say that for signage, 50% of the cost toward the sign will be paid on day one and the other 50% will be paid after one year, on day 366 if the business is still operational. Conversation about six months versus a year ensued. The Board decided to keep the language as it currently is. Motion by Commissioner Mosher seconded by Commissioner Swenson to approve revisions, as noted above, to the Revolving Loan and Grant Application All in favor. Motion carried. 2. Holiday Lights Executive Director Lewis introduced this item as presented in the packet, reviewing both quotes. Discussion also ensued about hiring a professional to decorate the tree and handling installation of lights on the building internally. Discussion ensued about doing something in lieu of the planters in the winter months and picking up the service again in May of 2025. Staff will bring back some quotes for lights for the building, as well as ideas for decorations during the winter months. 3. September EDA Meeting Executive Director Lewis introduced this item as presented in the packet. Discussion ensued about a new meeting date and the Board agreed to move their September EDA meeting to Monday, th September 16 at 5:30p.m. Motion by President Remillard, seconded by Commissioner Swenson to move the September th EDA meeting to September 16 at 5:30p.m. All in favor. Motion carried. X. ADJOURNMENT Motion by Commissioner Swenson, seconded by Commissioner Taylor to adjourn the August 21, 2024, Economic Development Authority meeting at 6:43 p.m. All in favor. Motion carried. 3