Agenda - Economic Development Authority - 10/10/2024

Home

Mr. Stauffacher confirmed that he could get that information to staff to provide to Member Howell. Motion by Member Johnson, seconded by Member Lindahl, to recommend to City Council to implement a 3% Lodging Tax and to join the Twin Cities Gateway Visitors Bureau. Motion carried. Voting Yes: Members Johnson, Lindahl, MacLennan, and Riley. Voting No: Acting Chairperson Stewart. Absent: Chairperson Wiyninger. Abstain: Member Howell. 4.03: Consider Recommendation for Approval of 2025 EBudget Economic Development Manager Sullivan presented the staff Member Riley commented that he is fine with the numf H ferenced the RALF properties and asked if there would be expenses in excess of the rent collecte Economic Development Manager Sullivan commented that the properties would need to be marketed for sale and there would be associated costs. He noted that may or may not come to fruition in 2025, but wanted to plan appropriately. He stated that the rent collected on RALF properties can be used for administration and anything above that needs to be returned to the RALF fund. He did not believe that marketing would be a cost that could be an eligible expense for the RALF funds. He confirmed that he can look into that to determine eligibility. Acting Chairperson Stewart commented that she is a little bummed)hat the decrease is only 1.1 percent, which was result of reduced training dollars, and would like to see that decrease more in the future. Economic velopment Manager Sullivan confirm that after the initial training is completed, recertifi ion is a much lesser cost. He noted that keting seems to be at an appropriate level curre y. He did not anticipate thai here wool be a larger decrease to the budget in the future, providini more details on expenses tha rise such as the SAC/WAC loan program for restaurants. Motion by Member Johnson, seconded ` Member MacLennan, to adopt the proposed 2025 Budget and Levy as presented. Motion carried. Voting Yes: Ac g Chairperson Stewart, Members Johnson, MacLennan, Howell, Lindahl, and Riley. ing No: None. Absent: Chairperson Wiyninger. 4.04: Old Town Hall Discussion — 50th Anniversary — Renovation Quotes — Next Steps Economic Development Manager Sullivan presented the staff report. Member Howell commented that there is one historical building, and it would be nice to have that fixed up rather than have it sit and continue to deteriorate. She stated that her initial thought was to hold park and recreation programing in there, but there did not seem to be an appetite for that, so the direction from the Council was to bring it to the EDA. Economic Development Authority/ August 8, 2024 Page 4 of 7