HomeMy WebLinkAboutI.A - Agenda Notes
HEDRA AGENDA NOTES
July 11, 2019
6:00pm
II. MINUTES
Please see the attached HEDRA Meeting minutes from the June 13th regular
meeting for your review and approval.
III. BILLS
June Bills
John Hinzman $441.92 Admin – EDAM Conference Expenses
Dakota County Property $64.80 Admin – Agreement Recording
* Reimbursable Expenses
Please see attached general ledger detail from the last two months for further
information.
IV. BUSINESS
A. Resolution: Approve Revolving Loan Fund Application – T&S Properties
(Hastings Art Center) – 216 East 4th Street.
Please see the attached resolution and memorandum for further information.
Action: Adopt Resolution No. 2019-02 authorizing the loan.
B. 2020 HEDRA Budget
Please see the attached preliminary budget submitted to the City along with the
budget priorities discussed at last month’s meeting.
Action: Discuss Budget
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 – Open – Electric Vehicle Charging Station still needed
Park and Landscape Improvements
o Grading Plans under review by City
o Revised Landscape Plan completed and under review by
Confluence; submittal to City planned by July 12th.
o Grant funds must be used by December 31, 2019. Confluence is
responsible for any park and landscape expenses not covered by
the grant.
Environmental – Wood Sealing and Encapsulation
o Bid specs under development by Stantec. Completion anticipated
by July 12th
o Contract may be issued end of July
o Work to be completed in August
o Grant funds must be used by December 31, 2019. City is
responsible for expenses not covered by the grant.
Environmental – Vapor Intrusion Mitigation System
o On site meeting scheduled for July 9th to finalize plans for final
contract
o Work to begin in September and be complete by November.
o Grant funds must be used by December 31, 2019. City is
responsible for expenses not covered by the grant.
Hudson Building Plans
o Shell permit plans submitted November, 2018
o Architectural, Plumbing, Electrical, Structural, and Mechanical
Plans submitted for building permit on June 17th.
Construction Financing
o Prospectus information submitted for Construction Financing on
July 1st
o Confluence estimates 60-90 days for issuance of construction loan
upon submittal of prospectus to banks.
o Seeking early permission for construction work prior to issuance of
construction loan.
Purchase and Development Agreement Amendment
o Draft of proposed amendment under review by staff and
Confluence.
o Seeking further assurances on timing of development, and
removing obligation for City payment of environmental costs if
grant funding cannot be fully utilized
Misc
o Requested Confluence’s attendance at the July 15th City Council
meeting to provide an update.
o Confluence has a verbal commitment for the hotel operator. A
signed contract is anticipated shortly
B. Panache Apple
Metropolitan Council Staff has recommended approval of our $270,000 grant for
environmental cleanup. Final action by Met Council is anticipated by the end of
July. The Real Estate Option Agreement has been executed until October 31,
2019 with Panache required to submit specific development information by
September 30, 2019.
C. Tax Increment Finance Presentation – TIF 101
Rusty Fifield will provide a “TIF 101” presentation at the meeting providing an
explanation of how it works.
D. Economic Strategic Plan Update
Please see the attached memo providing an update of Economic Development
activities. Highlights include:
E. Commercial Vacancy
Available
July, 2019
Available
June, 2019
Net
Change
Downtown 8 8 0
Highway 55 14 14 0
Vermillion Street 15 15 0
Industrial Park 4 4 0
TOTAL 41 41 0
Hastings Social Tavern has opened in the former Breakaway Arts Building
at 111 East 3rd Street
Great River Landing Parking Ramp has opened at 119 West 2nd Street
Pleasant Hills Library has reopened upon completion of improvements.
F. Schedule Special HEDRA Meeting – Great River Landing
Upon completion of the environmental wood sealing bid specification and final
plans for the Vapor Intrusion Mitigation System, we may call a special meeting of
HEDRA to take action prior to the August meeting.
ATTACHMENTS
Minutes – June 13, 2019 Meeting
Bills – June, 2019
Resolution: Approve RLF – T&S Properties
Preliminary Budget Submittal
Economic Strategic Plan Update