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08-20 Regular EDA ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting August 20, 2018 CALL TO ORDER The meeting was called to order by President Supple at 8:23 p.m. EDA Members Mary Supple, President; Pat Elliott; Michael Howard; Sue Sandahl; and Present: Erin Vrieze Daniels. Staff Present: Steve Devich, Executive Director; John Stark, Community Development Director, and Kate Aitchison, Housing Specialist. APPROVAL OF THE MINUTES OF THE REGULAR ECONOMIC DEVELOPMENT AUTHORITY MEETING OF MARCH 19, 2018. M/Vrieze Daniels, S/Howard to approve the minutes of the regular Economic Development Authority meeting of March 19, 2018. Motion carried 5-0. Item #1 APPROVAL OF THE AGENDA M/Sandahl, S/Vrieze Daniels to approve the agenda. Motion carried 5-0. Item #2 CONSIDERATION OF THE ADOPTION OF RESOLUTIONS APPROVING PROPOSED PROPERTY TAX LEVY FOR PAYABLE 2019 FOR CERTIFICATION TO HENNEPIN COUNTY. (S.R. NO. 5) Community Development Director Stark presented Staff Report No. 5. Commissioner Sandahl asked how many transformation loans could be made with the $130,000 budgeted. Housing Specialist Aitchison stated that 6 were made this year, but the overall number depends on the loan amount. Recipients can receive anywhere from $7,500-$25,000 Chair Supple questioned how the Kids@Home program is marketed. Community Development Director Stark stated that a partnership with the school has always been part of it, but that staff is exploring other ways as well. EDA Meeting Minutes -2- August 20, 2018 M/Howard, S/Vrieze Daniels to adopt resolutions approving the 2019 Proposed Economic Development Authority Budget and Tax Levy and 2018 Revised Economic Development Authority Budget. Commissioner Howard stated that in the second year, the EDA is doing a good job of laying out priorities and tweaking things. Motion carried 5-0. Item #3 EDA DISCUSSION ITEMS None. Item #4 EXECUTIVE DIRECTOR REPORT Devich stated that he has nothing to report. Item #5 CLAIMS AND PAYROLL M/Howard, S/Sandahl that the following claims and payroll be approved: U.S. BANK 4/16/2018 EDA Checks: 20044-20053 $6,475.00 $6,475.00 TOTAL U.S. BANK 5/21/2018 EDA Checks: 20054-20064 $6,920.25 $6,920.25 TOTAL U.S. BANK 6/18/2018 EDA Checks: 20065-20075 $6,357.25 $6,357.25 TOTAL U.S. BANK 7/16/2018 EDA Checks: 20076-20085 $10,475.00 $10,475.00 TOTAL U.S. BANK 8/20/2018 EDA Checks: 20086-20094 $5,475.00 $5,475.00 TOTAL Motion carried 5-0. EDA Meeting Minutes -3- August 20,2018 ADJOURNMENT The meeting was adjourned by unanimous consent at 8:32 p.m. Date Approved: October 15, 2018 a '1'B, Su•ple ►� P'esident f--- • Pth, Kate Aitchison Ste = L. Devic- Housing evicHousing Specialist Executive Director