11-20 Regular EDA ECONOMIC DEVELOPMENT AUTHORITY
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• MEETING MINUTES
Richfield, Minnesota
he:
Regular Meeting
November 20, 2017
CALL TO ORDER
The meeting was called to order by Mary Supple at 7:36 p.m.
ATTENDANCE
EDA Members Present: Mary Supple, Chair; Pat Elliott; Michael Howard; Erin Vrieze Daniels
EDA Members Absent: Sue Sandahl
Staff Present: Steve Devich, Executive Director
John Stark, Director of Community Development
Kate Aitchison, Housing Specialist/Acting City Clerk
APPROVAL OF THE MINUTES OF THE REGULAR ECONOMIC DEVELOPMENT AUTHORITY
MEETING OF AUGUST 21, 2017
M/Elliott, S/Howard, to approve the minutes of the regular Economic Development Authority
meeting of August 21, 2017.
Motion carried 4-0.
Item #1 EDA APPROVAL OF THE AGENDA
M/Elliott, S/Vrieze Daniels, to approve the agenda.
Motion carried 4-0.
Item #2 CONSIDERATION OF THE APPROVAL OF A RESOLUTION TO ACCEPT
TRANSFERRED PROJECTS FROM THE RICHFIELD HOUSING AND
REDEVELOPMENT AUTHORITY
Community Development Director John Stark presented Staff Report No. 4.
Commissioner Vrieze Daniels asked why the programs are being moved to the EDA.
Community Development Director Stark answered that it was recommended by financial
and legal counsels to move these programs away from TIF funding.
M/Elliott, S/Howard, to approve the resolution to accept transferred proiects from the
Richfield Housing and Redevelopment Authority.
EDA Meeting -2- November 20,2017
Motion carried 4-0.
CONSIDERATION OF THE APPROVAL OF REVISIONS TO THE
Item #3 TRANSFORMATION LOAN PROGRAM GUIDELINES UPDATING THE
ADMINISTRATION OF THE PROGRAM
Housing Specialist Kate Aitchison presented staff report No. 5.
Commissioner Howard complimented the program and noted that this seems like a fair
process. Howard asked if a person could receive multiple loans, and Housing Specialist Aitchison
responded that guidelines only allow one application per household.
M/Elliott, S/Howard, to approve revisions to the Transformation Loan Program guidelines.
Motion carried 4-0.
Item #4 EDA DISCUSSION ITEMS
None
Item #5 EXECUTIVE DIRECTOR REPORT
None
ADJOURNMENT
The meeting was adjourned by unanimous consent at 7:46 p.m.
Date Approved: January 16, 2018
Mary B. pple
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itchison 'Steve evich
Housing Specialist Executive Director