08/12/21 - Laserfiche WebLink

Home

Economic Development Manager Sullivan presented the staff report. Chairperson Steffen commented that he will remain on the EDA throughout the remainder of his term, but he will be traveling and working remotely, therefore he will be stepping down as Chair. He stated that it is difficult to chair meetings from a remote location. He noted that Member Cords has stated that he would be interested in the Chair position. Motion by Member Riley, seconded by Member Steffen, to appoint Scott Cords as Chairperson of the Economic Development Authority through March 31, 2022. Motion carried. Voting Yes: Chairperson Steffen, Members Cords, Howell, MacLennan, Olson, and Riley. Voting No: None. Absent: Member Johnson. Economic Development Manager Sullivan noted that the newly appointed Chair should preside over the meeting. Chairperson Cords opened nominations for Vice Chair. Motion by Member MacLennan, seconded by Member Riley, to appoint Michael Olson as Vice Chairperson of the Economic Development Authority through March 31, 2022. Motion carried. Voting Yes: Chairperson Cords, Members MacLennan, Riley, Howell, Olson, and Steffen. Voting No: None. Absent: Member Johnson. 4.02: Consider Recommendation to Approve Establishment of TIF District 18, TIF Plan, and TIF Agreement; Case of Oppidan Economic Development Manager Sullivan presented the staff report. Chairperson Cords stated that there were a few minor things that staff was going to do additional research on. He asked if there are fundamental changes since the previous discussion. Economic Development Manager Sullivan stated that those questions were related to the TIF agreement, which is the second portion of the case. He provided clarification on the job creation requirement which included a job creation number of 100 with minimum wages of $17.50 / hr. He noted that in order to qualify to be within a TIF District, the use would need to be in line with the district in terms of manufacturing/distribution/warehousing type uses. He noted that if the use changed, one of those buildings could potentially be removed from the district. He clarified that the EDA actions could be taken in one motion all at once if supported by the EDA. He noted that th this would go forward to the City Council for a public hearing on August 24. Member Howell referenced the 40 and 60 percentages and asked how that was negotiated and accepted. Economic Development Manager Sullivan stated that 60/40 split is unique in that typically it is a 90/10 split with the developer receiving 90 percent. He stated that staff negotiated the 60 Economic Development Authority/ August 12, 2021 Page 2 of 6