Laserfiche WebLink
RHRA Meeting <br />Minutes – Monday, August 29, 2016 <br />Page 6 <br /> <br />for many of the types of jobs he was focused on were higher than that. <br />However, based on tonight’s discussion, Member Willmus agreed to move to <br />2.5 times, seeking a minimum of $50,000, but opined he was still inclined <br />toward the 3 times rate. <br /> <br />Member Laliberte stated she had also stated 3 times for many of the same <br />reasons already mentioned by her colleagues. Member Laliberte agreed to <br />move down to 2.5 times, but no lower than that. <br /> <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 company or development was <br />lost. However, if the majority of the REDA agreed with 2.5 times, he was <br />amenable, but noted that may exclude other quality jobs. <br /> <br />President Roe noted related survey questions on the average salary across all <br />jobs elsewhere in the survey. <br /> <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 management 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 />that discussion would be coming up, Ms. Kvilvang noted the REDA didn’t <br />appear to consider funding of housing as a big priority at this point. <br /> <br />Member Laliberte agreed with Member Etten on the types of jobs and <br />earnings. However, Member Laliberte advised that for her the consideration <br />was how a project may be subsidized, hoping the leadership for those jobs or a <br />project would be of a higher level. <br /> <br />Member McGehee stated she preferred to hold fast at the 3 times minimum <br />wage threshold, noting the many lower paying jobs already in the community, <br />and this only affecting three jobs. <br /> <br /> Member Etten agreed with the 3 times minimum threshold. <br /> <br />Without objection, President Roe concluded that the REDA had settled that the <br />wage threshold in the policy would be based on 3 times minimum wage. <br /> <br />Building 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 /> <br />