HomeMy WebLinkAboutHEDRA Minutes - 12-09-2021HEDRA
HASTINGS ECONOMIC DEVELOPMENT and
REDEVELOPMENT AUTHORITY
The Hastings Economic Development and Redevelopment Authority of the City of
Hastings, Minnesota met in a regular meeting on Thursday, December 9th, 2021 at
6:00 p.m. at Hastings City Hall.
HEDRA Commissioners Present: Peine, Horsch, Sullivan, Braucks, Goblirsch, and
Vaughan
HEDRA Commissioners Absent: Sinclair
Staff Present: Community Development Director John Hinzman
Economic Development Coordinator Eric Maass
City Administrator Dan Wietecha
I. Quorum
A quorum was established and the meeting was called to order by President Peine at
6:00 PM with six members present.
II. Minutes
Motion made to approve the minutes from the November 10th 2021 Regular Meeting and
Closed-Door Meeting as presented. Ayes 6; Nays 0. Motion approved.
III. Bills
Hinzman summarized the bills. Ayes 6; Nays 0. Motion approved.
IV. Business
A. Confluence Construction Update - Pat Regan of The Confluence stated they
are on track for project completion by October 31, 2022. Supply chain has not
led to any time issues. Lead paint abatement is occurring now and windows
will begin shortly.
B. Block 1 Discussion - Rob Barse of Mint Development presented his proposal
for development and acquisition of approximately 1.5 acres located north of
Artspace along the riverfront. Offers to buy the property at $94,000 ($1.47 a
sqft.) He proposes to develop apartments with some live work units along with
a seasonal commercial development utilizing containers along the riverfront.
Staff reminded the Commission that the Strategic Plan outlined the
development of an RFP later in 2022 to solicit development proposals from
various interested parties. There is potential to get an environmental clean-up
grant from Met Council. May 1st is the next round of grants. Discussion on the
seasonal containers’ value. Commission was asked whether to consider the
Mint proposal or to proceed with the RFP.
a. Commission voted 6-0 to direct staff to complete the Alta survey for
the site and to determine a market price for sale of the property.
Moving forward with the purchase agreement will be decided in the
future after pricing is figured.
C. Adopt Resolution 2021-22 Authorizing Staff to Process HEDRA Loan
Refinancing – Revise variable loans to a fixed interest rate loan and revise
loan maturity dates. This will keep payments relatively the same and gaining
more predictability for the borrowers. Fixed rate will be 4%.
a. Commissioner Goblirsch motioned to approve and Commissioner
Braucks seconded. Approved 6-0 as presented.
D. Adopt Resolution 2021-23 Authorizing Write off of Revolving Loans made to
Joseph D. Ryan in the amount of $60,540 – 106 & 108 2nd St E. Bankruptcy
filed in 2016. Request to bring these write-offs to HEDRA sooner in the
future.
a. Commissioner Sullivan motioned to approve the write off and
Commissioner Horsch seconded. Approved 6-0 as presented.
E. Adopt Resolution 2021-24 Requesting a Public Hearing on the Proposed
Establishment of Tax Increment Financing District No. 9.
a. Commissioner Vaughan motioned to approve the request to request a
public hearing, Commissioner Sullivan seconded. Approved 6-0 as
presented with the modification that the hearing date would be
February 22, 2022.
F. Minnesota Marketing Partnership (marketing expenditure for 2022) – A group
of businesses and local governments to promote the state. This could bring
state leaders eyes to what is going on in Hastings. A $700 cost for one year of
membership. Proposal to join for a year and see what opportunities it brings to
the City.
a. Commissioner Sullivan motioned to approve the joining of the
partnership and it was seconded by Commissioner Horsch.
Commission voted 6-0 to direct staff to join the partnership.
V. Reports and Information
A. Development Update - Discussion of the numerous development projects
occurring in the City.
• HEDRA owns Rivertown Liquors.
• Country Nights building closing is next week.
• Squeaky Wheel Pottery opening soon.
• No notable vacancies downtown.
• 230 Ramsey St is jointly owned with ISD 200. This joint ownership will
be re-evaluated soon.
• Annexation and development plan in the works.
• Neighborhood meeting for the Nate Stencil project happened this past
week. Plans will be looked at and tweaked as needed. Action will happen
in January.
• City owned building is up for sale to be cleared. Property to be developed
after the building is cleared.
B. Dennis Peine Recognition - President Peine was thanked for his 12 years of service
on HEDRA and six years of service on the Planning Commission.
VI. Closed Door Session
A. Review Potential Purchase of Property - Commissioners met in closed door
session to review potential property purchase on Block 28.
B. Motion to begin the closed-door session and close the regular meeting by
Closing of the public section of the meeting is approved 6-0.
VII. Adjourn
A. Adjourned the meeting at 7:51 p.m. Motion passed 6-0. Meeting adjourned.
Next Meeting: January 13th, 2022
https://www.youtube.com/watch?v=6vsvBj0FiBY&t=14s
Respectively Submitted:
Lindsay Anderson