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Agenda - Economic Development Authority - 08/13/2026
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Agenda - Economic Development Authority - 08/13/2026
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Meetings
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Agenda
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Economic Development Authority
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08/13/2026
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Ms. McDermott stated that she has not yet identified that person, but commented on a member of <br />their team who may transition from their current position to the manager for this business. She <br />commented that there will also be shift supervisors to ensure there is always a point person <br />available on staffing. She commented that she also carries a food manager and serve safe license <br />and could legally be the manager. <br />Economic Development Manager Sullivan provided additional information on LAHA and how <br />those funds can be used. <br />Member Stewart asked for a guarantee that these funds would contiij received annually. <br />Economic Development Manager Sullivan stated that this progr hi�as created in 2023, with the <br />first allocation provided in 2024. He stated that the funding source is still in place, and an act of <br />the legislature would be needed to stop the program. He d t4iat it is a . _a en program, and if <br />it were to stop, they would probably be given notice t ow em to recall <br />Chairperson Wiyninger asked Members Stewaley fot eir input on t ork session <br />discussion the Council had on LAHA and whether this project wouTti align with .se goals. <br />Member Riley stated that, as discussed, is a new program, . d the Council was creating the <br />policy. He stated that the Council discu ow best envisi , usi g the funds and decided <br />the funds would be best used fixing up individual homesit to assist i oal of affordable housing. <br />He commented that there was consensus not to contribute t . e funds towards apartment <br />complexes. He stated that the EDA has a goo. +ro' - ct in fro t and stated that while there was <br />direction from the CouncjLg in this wa at could o be reconsidered. <br />Economic Develop $ Ianage llivan states al, he believes that this is a good use of a <br />challenging site and fits the visio he COR. commented that this is a nonprofit, so likely <br />a majority of the ro erty would not generate .. He stated that this would provide affordable <br />housing o • e COR an ould be -ligible use of LAHA funds. He recognized the <br />discussio of the Cou d be that decision was made on a broader scale, not to support <br />large artment complex. e stat the developer has experience in single-family projects, <br />and is be a new ve , but nar is a national company with experience that is a partner <br />of the appl He noted t if the necessary funds are not raised, the project would not move <br />forward, but would b f the market for the remainder of the year while that is determined. <br />He commented ile there would be jobs created, it would be a minimal number. He stated <br />that, from his persp ctive, he believes that there is room to support this request and accomplish the <br />goals of the Council using LAHA, and recommended approval. <br />Member Hills thanked the applicant and her team for their presentation and the work they do, <br />noting a well -thought-out approach and plan. She recognized that LAHA is new, and so there are <br />still discussions and uncertainty. She asked if there would be a demand for the funds to be used <br />for the home improvement items discussed by the City Council. She asked what would happen if <br />the fundraising goals exceeded the goal and whether the LAHA funds could then not be used or <br />repaid. <br />Economic Development Authority/ June 11, 2026 <br />Page 6 of 11 <br />
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