HomeMy WebLinkAboutI.A - Agenda Notes
HEDRA AGENDA NOTES
June 13, 2019
6:00pm
II. MINUTES
Please see the attached HEDRA Meeting minutes from the May 9th regular
meeting for your review and approval.
III. BILLS
May Bills
Confluence Development *$144,073.87 Grant Reimbursement – Parking Ramp – Draw 4
Old Neighbor LLC *$6,000.00 Rehab Loan – 101 E 6
th St – 1st and Final Draw
Stantec Consulting *$900.38 Hudson Environmental – Testing Well Abandonment
Economic Dev Assoc of MN $200.00 Admin – EDAM Membership – Rusty Fifield
Rusty Fifield $167.08 Admin – Mileage and Meeting Reimbursement
* Reimbursable Expenses
Please see attached general ledger detail from the last two months for further
information.
IV. BUSINESS
A. Adopt Strategic Plan for Economic Development
Please see the attached Memorandum Revised Strategic plan for Economic
Development for further information.
Action: Adopt Strategic Plan
B. 2020 HEDRA Budget Priorities
In developing the 2020 Budget for HEDRA Operations we are seeking input to
establish priorities based upon the Strategic Plan for Economic Development, past
budget requests and other any other priorities established by HEDRA. Please
review the attached items for discussion at the meeting:
Action: Provide Guidance of Budget Priorities
V. REPORTS AND INFORMATION
A. Great River Landing
Regular meeting with Great River Landing Representatives have been established
to assist in meeting construction targets including:
Parking Ramp – Construction expected to be complete by June 14th
Park and Landscape Improvements
o Grading Plans have been submitted to City for review. Review
comments sent to Confluence on June 7th.
o Confluence is determining start date for improvements
o Grant funds must be used by December 31, 2019. Confluence is
responsible for any park and landscape expenses not covered by
the grant.
Hudson Building Environmental
o Contract award for wood sealing is expected at the July HEDRA
meeting.
o Wood sealing to be complete by September 1, 2019.
o Execution of Vapor Intrusion Mitigation System (VIMS) expected
at July HEDRA Meeting.
o Work tentatively scheduled to occur between August and
November.
o Grant funds must be used by December 31, 2019. City is
responsible for expenses not covered by the grant.
Purchase and Development Agreement
o Amendment to Purchase and Development Agreement is being
drafted for action by City and HEDRA
o Agreement will extend the substantial completion date, the
deadline for completing the grant funded improvements, and the
“relief” of performance if the other party delays or prevents the
grant related work from being completed on time.
B. Panache Apple
The Real Estate Option Agreement has been executed until October 31, 2019 with
Panache required to submit specific development information by September 30,
2019. A decision by Metropolitan Council on the environmental cleanup grant is
anticipated shortly.
C. Commercial Vacancy
Available
June, 2019
Available
May, 2019
Net
Change
Downtown 8 7 +1
Highway 55 14 14 0
Vermillion Street 15 14 -1
Industrial Park 4 4 0
TOTAL 41 41 0
Quaint and Quirky has moved to 216 East 2nd Street. 202 East 2nd is for
lease.
Level Up Games has opened at 120 East 2nd Street
Vine Beach Salon will be opening at 112 East 2nd Street
Deals with Wheels has been granted rezoning approval for operation in the
former Vermillion Street Auto Stop location.
209 Sibley Street is available for lease.
ATTACHMENTS
Minutes – May 9, 2019 Meeting
Bills – May, 2019
Memo – Strategic Plan for Economic Development
2020 HEDRA Budget Priorities