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10-15 Regular EDA ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting October 15, 2018 CALL TO ORDER The meeting was called to order by President Supple at 7:21 p.m. in the Council Chambers. 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, Julie Urban, Housing Manager; and Kate Aitchison, Housing Specialist. APPROVAL OF THE MINUTES OF THE REGULAR ECONOMIC DEVELOPMENT AUTHORITY MEETING OF AUGUST 20, 2018. M/Sandahl, S/Howard to approve the minutes of the regular Economic Development Authority meeting of August 20, 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 A RESOLUTION APPROVING AN INCLUSIONARY AFFORDABLE HOUSING POLICY. (S.R. NO. 6) Housing Manager Julie Urban presented Staff Report No. 6. M/ Vrieze Daniels, S/ Howard to adopt a resolution approving an Inclusionary Affordable Housing Policy. RESOLUTION NO. 9 A RESOLUTION APPROVING THE ADOPTION OF AN INCLUSIONARY AFFORDABLE HOUSING POLICY EDA Meeting -2- October 15, 2018 Commissioner Elliott stated the need to improve the existing affordable housing, not just the creation of new units. Housing Manager Urban explained the Apartment Remodeling Program, which budgets $100,000 annually for rehabilitation of existing buildings. The Kids@Home program also supports households in affordable rental housing. Commissioner Elliott asked about long term solutions to these problems. Housing Manager Urban stated that there is a great need for funding, and that staff is trying to make that need for tools and funding sources known at the state level. Executive Director Devich stated that there may be funds available, that could be leveraged to access other matching funds. Housing Manager Urban explained staff was looking into the 4(D) tax break. Motion carried 5-0. This resolution appears as Resolution No. 9. Item #3 CONSIDERATION OF THE ADOPTION OF AN AMENDED VERSION OF THE BYLAWS OF THE RICHFIELD ECONOMIC DEVELOPMENT AUTHORITY. (S.R. NO. 7) Executive Director Devich presented Staff Report No. 7. M/Elliott, S/Howard to adopt an amended version of the Bylaws of the Richfield Economic Development Authority. Motion carried 5-0. Item #4 CONSIDERATION OF THE APPOINTMENT OF A NEW EXECUTIVE DIRECTOR OF THE ECONOMIC DEVELOPMENT AUTHORITY TO SERVE FOLLOWING THE RETIREMENT OF CURRENT EXECUTIVE DIRECTOR STEVE DEVICH. (S.R. NO. 8) Executive Director Devich presented Staff Report No. 8. M/Sandahl, S/Howard to appoint Community Development Director John Stark as Executive Director of the Richfield Economic Development Authority following the retirement of current Executive Director Steve Devich for a term lasting until the first regular meeting of the EDA in 2020. President Supple offered her thanks to Executive Director Devich. Motion carried 5-0. Item #5 EDA DISCUSSION ITEMS EDA Meeting -3- October 15,2018 President Supple stated it was nice to see all the Kids@Home checks in the Claims and Payroll. Item #6 EXECUTIVE DIRECTOR REPORT Executive Director Devich stated that he had nothing to report. Item #7 CLAIMS AND PAYROLL M/Supple, S/Sandahl that the following claims and payroll be approved: U.S. BANK 9/17/2018 EDA Checks: 20095-20104 $5,729.00 TOTAL $5,729.00 U.S. BANK 10/15/2018 EDA Checks: 20105-20115 $16,683.36 TOTAL $16,683.36 Motion carried 5-0. Item #8 ADJOURNMENT The meeting was adjourned by unanimous consent at 7:34 p.m. Date Approved: January 15, 2019 — 1.4411417"/1146—e-- EDA President rn- atison :ta, Housing Specialist Exe"'uti,'- Director