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HomeMy WebLinkAbout01-14-10 HEDRA Agenda NotesAGENDA NOTES FOR JANUARY 14, 2010 BILLS Trophies Plus 21.38 plaque Commissioners 72.00 per diem MnNAHRO 157.50 membership Grossman 80.30 mileage Rausch 24.20 mileage Hollenbeck 2,251 last draw, rehab loan Bradley Deike 32.00 legal – Biermann Ehlers 47.50 financial – Hudson BUSINESS A. Election and appointment of 2010 officers President, Vice President and Treasurer to be elected from citizen commissioners. Reappoint Shannon Rausch, Communications Specialist, to be Secretary Reappoint Charlene Stark, Finance Director, to be Assistant Treasurer Designate Dan Fluegel, City Attorney, and Robert Deike as legal counsel. B. Hudson Manufacturing Dan Wilson completed the Relocation Cost Estimate and Report. Staff will be meeting with Mr. Wilson, and with fiscal consultants from Ehlers, to discuss feasibility on Tuesday, January 12. Staff will present the recent developments and their recommendations to the board for discussion and direction. The relocation costs would be significant, due to the large amount of manufacturing equipment, materials and product to be moved, and the difficulty of making the move. Relocation compensation is required for public acquisitions such as the UBC acquisition. On the revenue side, Dakota County CDA staff has recommended that the EDRA application for $250,000 grant be approved. The Board still has to take action. Direction: consider whether to make an acquisition proposal to Hudson or whether additional information is needed. C. Capital Funding Plan See the enclosed plan, titled EDA Target Priorities, Table 6, and the Sample Budget for 2011. The plan demonstrates ways to budget for large projects, identified as priorities by the EDRA board, over the next five years. They include relocating Hudson, a business park development, business assistance rd finance, and 23 Street redevelopment. The revenue sources include tax levies, grants, draws on fund balances and bonded debt. Debt may be financed in part by tax increment generated by development. This is an “all in” scenario. It demonstrates how priorities might be funded. Future decisions and choices about timing, costs and priority needs will modify the plan. Private sector decisions to participate, or not, in a project make a big difference. At the last meeting the board requested a complete list of assets before taking action on the Capital Plan. The list is the next item on the agenda. Action: consider approving or amending the plan. REPORTS A. EDRA Assets th See enclosed EDRA assets dated January 8. Staff will review and answer questions. B. Transition Update. The City Administrator Osberg’s plan and report on the transition steps being made in anticipation of the retirement of the EDRA Director Grossman will be provided at the meeting. C. Red Rock Station Area Study. Ron Toppin and Lynn Moratzka have been appointed by the Mayor to the Community Advisory Committee. The CAC will meet monthly with the consultants to comment on their work and help them promote future transit for Hastings. The Station Area Study will be officially kicked off with a breakfast meeting for city officials and business leaders at Tinucci’s Restaurant in Newport nd on Friday, January 22, from 8 to 9:30 am.