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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />RHRA Meeting <br />Minutes — Monday, August 29, 2016 <br />Page 6 <br />Member Laliberte stated she had also stated 3 times for many of the same <br />reasons already mentioned by her colleagi.ies. Member Laliberte agreed to <br />move down to 2.5 times, but no lower than that. <br />At this point, Member Etten stated he was at the 2 times threshold; opining a <br />$40,000 per year job was solid, noting starting teachers didn't make that <br />amount in the Roseville or Mounds View School Districts. Member Etten <br />cautioned making the standards so lofty that a coinpany or development was <br />lost. However, if the majority of the REDA agreed with 2.5 tiines, he was <br />amenable, but noted that may exclude other qualityjobs. <br />President Roe noted related survey questiqns on tlie average salary wage. <br />Ms. Kvilvang opined, based on tonight's `discussion and consensus so far, other <br />jobs would be negotiated at less than the threshold, but she didn't think that <br />would preclude the REDA from too much. Ms. Kvilvang noted this could be <br />the upper inanagement of a firm, but clarified the difference'may be if the <br />REDA didn't ever want:�to apply the exception with housing. However, while <br />this discussion would be ��rning up, Ms. Kv�lvang noted the REDA didn't <br />appear to consider fiinding of'liousing as a big priority at this point. <br />Member <br />earnings.; <br />was how : <br />project w� <br />agreed <br />�ject m; <br />be of a <br />with Member �:Etten on the types of jobs and <br />er ��Laliberte advised : that for her the consideration <br />ubsidzzed; hoping the leadership for those jobs or a <br />level. <br />: Meriiber McGehee stated she preferred to hold fast at the 3 times ininimum <br />wage tlireshold, noting the many lower paying jobs already in the community, <br />' and this only affecting fhree jobs. <br />` Member Etten agreed with the 3 times minimum threshold. <br />Without ;objection, President Roe concluded the wage threshold in the policy <br />would be based on 3 times minimum wage. <br />Buildin� Valuations / Minimum Assessment Agreements <br />Based on her twenty-five years of experience in the field, Ms. Kvilvang <br />advised that values didn't change that much for industrial properties; while <br />retail/commercial markets had changed based on square footage especially for <br />retail, Ms. Kvilvang advised that medical offices were valued higher than <br />typical office uses; and large buildings providing less square footage and <br />smaller buildings less square footage, but often based on amenities they <br />provided. While Ehlers didn't recominend a minimum threshold, opining the <br />marlcet was what it is, Ms. Kvilvang sought a consensus of the REDA. Ms. <br />Kvilvang advised that inost cities routinely had minimum assessment <br />