HomeMy WebLinkAbout1999-10-99 EDA Meeting Minutes ECONOMIC DEVELOPMENT AUTHORITY
AUGUST 10, 1999 ID1
MEETING MINUTES ?A
Call to Order/Approval of Azend The meetin was called to order at 8:58 p.m. b
President Tum Present: Vice-president Schaaf, Secretar Swenson, Attorne
Sn Administrator Melena, Communit Development Director Danielson, Treasurer
Beaudet, Councilmember B Administrative Secretar Schleusner and
Administrative Assistant Damper. Absent: Plannin Commission Chair Hedlund,
Attorne Vierlin and Assistant Treasurer Holst.
I. Approval of Minutes..
Secretar Swenson, seconded b Councilmember B moved to approve the
EDA minutes of June 22, 1999. Carried.
II. Bell Provertv Si*Ena2e and RezoninLy Authorization Reauest.
Communit Development Director Danielson reported that the Bell Propert
demolition was $14,285. There is a re for the EDA to expend $500 for
si at site and rezone to I or BW. There will be a 3'x5' wooden laminated
si that will be g eneric and able to use elsewhere.
Secretar Swenson, seconded b Vice-president Schaaf moved to approve $500
for si Carried.
Vice-president Schaaf, seconded b Councilmember B moved to rezone I to
BW.
Secretar Swenson, seconded b Vice-president Schaaf moved to ask Plannin
Commission to consider and make recommendation as to I or BW. Carried.
III. Creation of Central Business District Fund with EDA Administration Fund.
A. Transfer of $100,000 from Communit Development fees to CBD special
fund.
Secretar Swenson, seconded b Councilmember B moved to transfer
$10,000 from Communit Development to Central Business District
special fund. Carried.
B. Acceptance of $2,500 from VSSA for BRW Plannin Fees.
Secretar Swenson, seconded b Vice-president Schaaf moved to accept
$2,500 from VSSA.
C. Transfer $1 0,000 loan from EDA to CBD fund. D)?A
Secretary Swenson, seconded by Vice- president Schaaf moved to transfer
$10,000 from EDA to CBD fund at 8% interest.
D. Acceptance of CBD planning costs, TIF analysis costs and BRw
consulting casts.
Vice- president Schaaf, seconded by Secretary Swenson moved to accept
p
CBD planning costs, TIF costs and BRw costs. Carried 4 -- 1. Treasurer
Beaudet apposing.
IV. Authorize interest payment to City on capitalization loan of $20,000.
Secretary Swenson, seconded by Councilmember Byrne moved to authorize the
interest payment to the City on capitalization loan of $20,000.
V. Adjournment.,
Councilmember Byrne, seconded by Treasurer Beaudet moved to adjourn the
meeting at 9:09 p.m.
Respectfully submitted,
Lisa M. Schleusner
Administrative Secretary/Deputy Clerk