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HomeMy WebLinkAbout20190926 - HEDRA MinutesHEDRA HASTINGS ECONOMIC DEVELOPMENT and REDEVELOPMENT AUTHORITY Hastings City Council Chambers Minutes of September 26, 2019, 6:00 PM Regular Meeting HEDRA Commissioners Present: Sinclair, Peine, Balsanek, and Vaughan Commissioners Absent: Sullivan, Toppin, and Fox Staff Present: Community Development Director John Hinzman Economic Development Coordinator Rusty Fifield I. Quorum A quorum was established and the meeting was called to order by President Sinclair at 6:00 PM with four members present. II. Minutes Commissioner Balsanek motioned to approve the minutes from the regular meetings of July 11, 2019 and August 19, 2019, as presented, seconded by Commissioner Vaughan. Motion approved 4‐0. III. Bills Hinzman summarized the bills. Commissioner Balsanek and Hinzman discussed the parking ramp related billing and payments. Commissioner Balsanek motioned to approve as presented, seconded by Commissioner Peine. Motion approved 4‐0. IV. Business A. Amend Approval of Preliminary Land Credit Sale - Creek Rentals Hinzman summarized the previous preliminary approval, the reason for the lot change and the preliminary land credit sale for Creek Rentals. Commissioner Sinclair inquired which of the lots would be better suited for the storage unit. Chad Smurawa, Creek Rentals LLC, indicated either lot would be suitable and explained why. Commissioner Sinclair and Hinzman discussed the removal of the dirt pile on the original lot. Commissioner Peine and Hinzman talked about when the landscape plan would be submitted and various landscape requirements. Commissioner Balsanek asked about assessments to the property. Hinzman indicated that there is no assessment to the property. Commissioner Vaughan expressed appreciation for the applicant to work with the City to find another suitable lot. Commissioner Vaughan motioned to approve as presented, seconded by Commissioner Peine. Motion approved 4‐0. This item will be heard at the October 7 City Council meeting. B. Approve Application for TIF Assistance Fifield explained the TIF application form. Commissioner Vaughan and Fifield discussed the number of applications needed if one project encompassed multiple lots. Commissioner Vaughan remarked that a worksheet containing information may be helpful to applicant. Commissioner Vaughan motioned to approve as presented, seconded by Commissioner Peine. Motion approved 4‐0. C. Accept 2nd Quarter HEDRA Report Hinzman detailed the 2nd Quarter HEDRA report. D. Resolution: Collateral Assignment of TIF and Increment - Common Bond Fifield explained the request that the Collateral Assignment of Tax Increment Financing Note and Available Tax Increment be transferred from CB Guardian Angles Limited Partnership to U.S. Bank. Commissioner Vaughan motioned to approve as presented, seconded by Commissioner Peine. Motion approved 4‐0. V. Reports and Information A. The Confluence Hinzman provided an update on The Confluence development. Commissioner Vaughan asked for clarification of work being done and the financing deadline for the inside of the building and who the hotel developer will be. Hinzman indicated that work was being inside the building prior to loan approval, the deadline was sometime in October and IDM Hospitality will be the hotel developer. B. Panache Apple Hinzman stated that financial information will be due September 30th and will be discussion at the October 10th meeting. He summarized the possible agreement and the various options moving forward. Commissioner Balsanek and Hinzman discussed Panache Apple’s intent of moving forward. C. Economic Development Strategic Plan Update Hinzman stated that Fifield previous emailed the Economic Development Strategic Plan and asked if there were any questions. D. Commercial Vacancy Hinzman detailed the commercial vacancies throughout the City. E. Development Updates Hinzman informed the Commissioners that Real Estate Equities will be holding a neighborhood meeting on October 1st to review a concept plan for a 90 unit senior housing building at Schoolhouse Square. He also commented of the possible financing of the project. Hinzman spoke about the Caribou/Einstein Bagels project on the property located just south of Walgreens. Commissioner Balsanek inquired about the status of Caribou/Einstein Bagels purchasing the adjacent property. Hinzman did not know. Hinzman stated that the City Council approved the amendment to City Code Chapter 155 to allow climate controlled storage facilities in the C-4 zoning district. VI. Adjourn Commissioner Vaughan motioned to adjourn the meeting at 6:43 p.m., seconded by Commissioner Peine. Motion approved 4‐0. Next Meeting: October 10, 2019 Respectively Submitted: Erica Henderson Deputy City Clerk