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03-16 EDA Regular ECONOMIC DEVELOPMENT AUTHORITY MEETING MINUTES Richfield, Minnesota Regular Meeting March 16, 2020 CALL TO ORDER The meeting was called to order by President Supple at 7:15 p.m. in the Council Chambers. EDA Members Present: Mary Supple, President; Maria Regan Gonzalez; Sue Sandahl; and Pat Elliott. EDA Members Absent: Erin Vrieze Daniels Staff Present: John Stark, Executive Director; and Julie Urban, Housing Manager. OPEN FORUM No speakers APPROVAL OF MINUTES M/Sandahl, S/Regan Gonzalez to approve the minutes of the regular Economic Development Authority meeting of January 21, 2020. Motion carried 4-0 Item #1 APPROVAL OF THE AGENDA M/Sandahl, S/Regan Gonzalez, to approve the agenda. Motion carried 4-0 Item #2 CONSIDERATION OF THE CONSENT CALENDAR Executive Director Stark presented the Consent Calendar and noted that the attached Resolution for item B was inaccurate and an updated version was provided at the meeting. EDA Meeting Minutes -2- March 16,, 2020 A. Consideration of an amendment to the guidelines to the Kids @ Home Program to allow an increase in allowable income up to 60% of the Area Median Income (AMI). (S.R. No 9) B. Consideration of a resolution granting the Executive Director authority to extend EDA contracts and agreements in the event of an emergency. (S.R. No. 10) RESOLUTION NO. 21 RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR OF THE ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD TO EXTEND CONTRACTS AND AGREEMENTS M/Regan Gonzalez, S/Sandahl to approve the Consent Calendar. Motion carried 4-0 Item #3 CONSIDERATION OF ITEMS, IF ANY, REMOVED FROM CONSENT CALENDAR None. Item #4 DISCUSSION OF CREATION OF A DISPLACED BUSINES GRANT (S.R. NO. 11) Executive Director Stark presented Staff Report 11. Commissioner Regan Gonzalez inquired about current businesses located in a potential redevelopment site and the Uniform Relocation Act. Executive Director Stark provided information regarding the Uniform Relocation Act, and when it would be applicable. Additional EDA funding sources that are already in place were discussed. Commissioners Supple, Sandahl and Regan Gonzalez agreed with the program guidelines presented. The effects on current projects due to the Covid-19 Stay at Home order were discussed. Item #5 EDA DISCUSSION ITEMS None Item #6 EXECUTIVE DIRECTOR’S REPORT Executive Director Stark reported that the EDA’s energy efficient business loan program is up and running and on the EDA webpage, and mentioned staff is looking into partnering with other agencies in the future to offer more programs. The revolving loan fund should be up and running in the near future. EDA Meeting Minutes -3- March 16,, 2020 Item #7 CLAIMS AND PAYROLLS M/Regan Gonzalez, S/Elliott that the following claims and payroll be approved: U.S. BANK 3/16/2020 EDA Checks: 20346-20360 $9,736.00 $9,736.00 TOTAL Motion carried 4-0 Item #8 ADJOURNMENT The meeting was adjourned by unanimous consent at 7:35 p.m. Date Approved: April 20, 2020 Mary B. Supple President LaTonia DuBois John Stark Administrative Assistant Executive Director