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Home My WebLink AboutHEDRA Minutes - 2022.10.13HEDRA 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, October 13, 2022 at 7:00 p.m. at Hastings City Hall. HEDRA Commissioners Present: Goblirsch, Sinclair, Anderson, Horsch, Johnson and Braucks HEDRA Commissioners Absent: Vaughan Staff Present: Community Development Director John Hinzman, Economic Development Coordinator Eric Mass I. Quorum A quorum was established and the meeting was called to order by President Goblirsch at 7:03 PM with six members present. II. Minutes Motion made by a Commissioner Braucks and seconded by Commissioner Anderson to approve the minutes from the September 8th 2022 Regular Meeting as presented. Ayes 6; Nays 0. Motion approved. III. Bills Hinzman summarized the bills. Motion made by Commissioner Horsch and seconded by Commissioner Sinclair to approve the bills as presented. Ayes 6; Nays 0. Motion approved. IV. Business A. The Confluence - 5th Amendment to Purchase and Development Agreement and Minimum Assessment Agreement - • HEDRA Commissioners toured the facility as part of a workshop prior to the meeting. Interior plumbing, electrical, HVAC and windows are well underway and the building is taking shape. • Hinzman gave some history of the project starting in 2009. • Amended agreement establishes a May 31, 2023 deadline for substantial completion of activities and obligates Confluence to enter into a Minimum Assessment Agreement for payment of taxes at about a valuation of 5.7 million. • Execution of a minimum assessment agreement included in the 4th amendment if substantial completion was not made by October 31, 2022. The 5th amendment gives an extension completion date of May 31st 2023. • IDM Hospitality Management, operators of the hotel and restaurant, gave a presentation on their website splash page and upcoming social media. December 1st is the advertised date when reservations will be accepted for hotel rooms and more. confluencehotel.com • Hiring is beginning to happen. An expected 65-70 individuals will be hired at the property. • Commissioners discussed changes in the agreement and dates. • Motion made by Commissioner Horsch and seconded by Commissioner Anderson to approve the amendment. Approved 6-0 as presented. The City Council will consider similar action at its October 17th meeting. V. Reports and Information A. HEDRA discussion on Hwy 61 Updates - MN Dot planning for the corridor continues, there has been active participation in comments at both in person open house meetings and on line. • Commission discussed timing of the project and a desire to examine potential business assistance closer to the construction date. • MN Dot will go to City Council in November to discuss the survey findings and design revisions. • There is an open house this winter. • Commissioners inquired about potential assistance for businesses that will be impacted by this project in 2026 or 2027. B. Shovel Ready Development Site Update - Rokos continues to discuss the site with potential users and meets regularly with HEDRA Staff. • There is not many sites of this size in the metro area, so there is interest from developers. C. Makers Market Survey Responses - Positive feedback received from vendors completing the survey. Collaboration with Parks Dept to make sure there’s a good music crowd coinciding with the market. A minimum fee for participation may be considered for next year in the $20 range, potential bulk discount. D. Development Updates • Intek Plastics site expansion is moving along through approvals process. Will go to Council next week. • Therapy Ops is looking for building approval to construct near Auto Zone. • Suite Living got approvals! Spring 2023 construction. • Lake Isabelle Flats (Stencil) has broken ground and demolished the building in adjacent site. • Jersey Mikes is open! • The Quill Senior Living – is open! Potential ribbon cutting to come. • Stencil development (Vermillion Acres) looking for some final environmental • Enclave starting construction next week on the first building. VI. Adjourn A. Adjourned the meeting at 7:38 p.m. Motion made by Commissioner Johnson and seconded by Commissioner Sinclair to adjourn the meeting. Motion passed 6-0. Meeting adjourned. Next Meeting: November 10th, 2022 https://www.youtube.com/watch?v=vopGn8IRss4 Respectively Submitted: Lindsay Anderson