08-17 EDA Regular
ECONOMIC DEVELOPMENT
AUTHORITY MEETING MINUTES
Richfield, Minnesota
August 17, 2020
CALL TO ORDER
The meeting was called to order by President Supple at 7:48 p.m. via Webex.
EDA Members Mary Supple, Chair; Maria Regan Gonzalez; Sue Sandahl; Erin Vrieze
Present: Daniels; and Pat Elliott.
EDA Members None
Absent:
Staff Present: Katie Rodriguez, City Manager; John Stark, Executive Director; Julie Urban,
Housing Manager; Myrt Link, CD Accountant and LaTonia DuBois,
Administrative Assistant.
OPEN FORUM
Administrative Assistant DuBois announced live comment is now available and provided the
phone number along with instructions for submitting comments prior to the meetings. There were
no speakers.
APPROVAL OF MINUTES
M/Elliott, S/Sandahl to approve the minutes of the regular EDA meeting of June 15, 2020
Motion carried 5-0
Item #1 APPROVAL OF THE AGENDA
M/Regan Gonzalez, S/Elliott to approve the agenda.
Motion carried 5-0
Item #2 CONSIDERATION OF RESOLUTIONS APPROVING THE 2021 PROPOSED
ECONOMIC DEVELOPMENT AUTHORITY BUDGET AND TAX LEVY AND THE
2020 REVISED ECONOMIC DEVELOPMENT AUTHORITY BUDGET. (S.R. NO 14)
EDA Meeting Minutes -2- August 17, 2020
Executive Director Stark shared the EDA Budget presentation and offered explanation to
being reduced $30,000.
City Manager Rodriguez offered further explanation regarding the tax levy and the need for
the reduction to the EDA levy.
Executive Director Stark explained how the levy affects the budget and spoke of current
reserve funds and explained changes in the 2020 budget and the proposed 2021 budget and
reviewed EDA budget highlights.
President Supple opened the phone lines for live comment on the budget; Administrative
Assistant DuBois provided the phone number for live comment.
Commissioner Vrieze Daniels inquired about why the Transformation Home Loan and
Apartment Rehab home loans under the EDA opposed to the HRA.
Executive Director Stark explained that due to restrictive HRA pooled funds the EDA was
created levied EDA taxes are less restrictive.
President Supple inquired about callers for live comment, there were no callers.
President Supple explained the change to the EDA levy for $529,190 which differs from the
amount in the agenda packet.
Commissioner Sandahl inquired about the $30,000 reduction.
Executive Director Stark explained the $30,000 would come out of the surplus.
M/Regan Gonzalez, S/Vrieze Daniels to set the EDA levy at $529,190
Motion carried 5-0
RESOLUTION NO. 24
RESOLUTION APPROVING PROPOSED 2021 ECONOMIC DEVELOPMENT
AUTHORITY BUDGET AND CERTIFYING THE 2021 TAX LEVY
M/Regan Gonzalez, S/Vrieze Daniels to approve a resolution authorizing the revision of the
2020 EDA budget.
RESOLUTION NO. 25
RESOLUTION AUTHORIZING REVISION OF THE 2020 BUDGET OF THE
ECONOMIC DEVELOPMENT AUTHORITY OF RICHFIELD
Motion carried 5-0
Item #3 EDA DISCUSSION ITEMS
Commissioner Regan Gonzalez shared gratitude for amazing work being done by the HRA
and EDA staff.
mortgage to allow $6 Million in rehab funding and mentioned different rehab and upgrades that
EDA Meeting Minutes -3- August 17, 2020
Item #4REPORT
Executive Director Stark explained the efforts put forth by CD Accountant Myrt Link to put
together the budgets and thanked her for all her hard work.
Mentioned a second round of possible Covid Loans being proposed in the coming months
and asked commissioners to provide insight as to how the EDA could assist businesses.
President Supple expressed appreciation for the Covid Loan program
Item #5CLAIMS
M/Regan Gonzalez, S/Sandahl that the following claims be approved:
U.S. BANK7/20/2020
EDA Checks: 20451-20465$11,463.68
TOTAL$11,463.68
U.S. BANK8/17/2020
EDA Checks: 20466-20483$21,283.34
TOTAL$21,283.34
Item #8ADJOURNMENT
The meeting was adjourned by unanimous consent at 8:18 p.m.
Date Approved: September 21, 2020
Mary B. Supple
President
LaTonia DuBois John Stark
Administrative Assistant Executive Director