Economic Development Commission

MINUTES ECONOMIC DEVELOPMENT COMMISSION June 11, 2020 PUBLIC HEARING Mr. Stephenson called the public meeting to order 4:30pm and declared a quorum with three (3) members in Via Zoom Conferencing attendance. PUBLIC MEETING MINUTES Immediately following Public Hearing Ms. Jamerson moved to approve the May 14, 2020 Via Zoom Conferencing minutes as presented. Mr. Reed seconded. Motion passed unanimously; 3 yes, 0 no. MEMBERS PRESENT Lance Stephenson, President NEW BUSINESS Mary Jamerson, Sec/Treas Roger Reed EDC10-20 - RESOLUTION RECOMMENDING RESIDENTIAL TAX STAFF PRESENT ABATEMENT FOR JEROME AND Greg Winkler, ED Director STEPHANIE SMITH – 2526 Doe Meadow Karen Soetenga, ED Staff Drive Paul Podlejski, City Attorney Mr. Winkler briefed members on Resolution EDC10- 20 a residential tax abatement for Jerome and OTHERS PRESENT Stephanie Smith. Mr. Winkler stated the address is Daphne Holtzleiter, Mustin Builders 2526 Doe Meadow Drive, Lot 26 in Deer Creek Jerome Smith, Tax Abatement Applicant Addition. The request is for a three-year tax Mike Leslie, Bridgenorth Homes abatement, as it is not considered in-fill housing. Ron Plichta, Bingham, LLC Construction will commence before December 31, 2020, for a single-family dwelling intended for human PUBLIC HEARING habitation. Improvements to the property will be at President Stephenson opened the public hearing. an estimated cost of Mr. Winkler, ED Director, briefed members on 315,000.00. Mr. Smith briefed members on the new EDC16-20 a resolution financing a proposed construction. Brief discussion followed. housing renovation project involving the former Courtyard Apartments. Mr. Winkler introduced Ron Ms. Jamerson moved to approve Resolution EDC10- Plichta, Bingham, LLC, owners of the facility. Mr. 20 for Jerome and Stephanie Smith and Mr. Reed Plichta informed members of their September seconded. Motion passed unanimously; 3 yes, 0 no. purchase and renovations that took place from September to February. Mr. Plichta stated when EDC11-20 - RESOLUTION they first looked at the building they estimated RECOMMENDING RESIDENTIAL TAX renovations costing $894,000 but after due diligence the number grew to 1.9M. Bingham Square then ABATEMENT FOR BRIDGENORTH HOMES – made the decision, after learning of the TIF program 6415 Colt Lane and talks with the City, to move forward with the Mr. Winkler briefed members on Resolution EDC11- project. Because of the pandemic, work has slowed 20 a residential tax abatement for Bridgenorth on the project but is beginning to ramp back up. Mr. Homes. Mr. Winkler stated the address is 6415 Colt Plichta stated they currently have 67% occupancy of Lane, Lot 39 in Apple Downs Addition. The request the 129 available with 40 units still needing is for a three-year tax abatement, as it is not renovated. A video was played outlining the considered in-fill housing. Construction will improvements. A question and answer time commence before December 31, 2020, for a single- followed. No remonstrances had been filled. family dwelling intended for human habitation. Improvements to the property will be at an estimated cost of CLOSE PUBLIC HEARNING 225,460.00. Mr. Leslie briefed members on the new construction. Brief discussion followed. OPEN REGULAR MEETING Ms. Jamerson moved to approve Resolution EDC11- ROLL CALL AND DECLARATION OF 20 for Bridgenorth Homes and Mr. Reed seconded. QUORUM Motion passed unanimously; 3 yes, 0 no. EDC12-20 - RESOLUTION Ms. Jamerson moved to approve Resolution EDC14- RECOMMENDING RESIDENTIAL TAX 20 for Mustin Builders and Mr. Reed seconded. ABATEMENT FOR MUSTIN BUILDERS – Motion passed unanimously; 3 yes, 0 no. 4814 Stratford Drive Mr. Winkler briefed members on Resolution EDC12- EDC15-20 - RESOLUTION 20 a residential tax abatement for Mustin Builders. RECOMMENDING RESIDENTIAL TAX Mr. Winkler stated the address is 4814 Stratford ABATEMENT FOR MUSTIN BUILDERS – 210 Drive, Lot 191A in Southmain Village West Phase 3 Asbury Drive Addition. The request is for a three-year tax Mr. Winkler briefed members on Resolution EDC15- abatement, as it is not considered in-fill housing. 20 a residential tax abatement for Mustin Builders. Construction will commence before December 31, Mr. Winkler stated the address is 210 Asbury Drive, 2020, for a single-family dwelling intended for human Lot 192B in Southmain Village West Phase 3 habitation. Improvements to the property will be at Addition. The request is for a three-year tax an estimated cost of abatement, as it is not considered in-fill housing. 294,510.00. Ms. Holtzleiter briefed members on the Construction will commence before December 31, new construction. Brief discussion followed. 2020, for a single-family dwelling intended for human habitation. Improvements to the property will be at Ms. Jamerson moved to approve Resolution EDC12- an estimated cost of 20 for Mustin Builders and Mr. Reed seconded. $298,000.00. Ms. Holtzleiter briefed members on Motion passed unanimously; 3 yes, 0 no. the new construction. Brief discussion followed. EDC13-20 - RESOLUTION Ms. Jamerson moved to approve Resolution EDC15- RECOMMENDING RESIDENTIAL TAX 20 for Mustin Builders and Mr. Reed seconded. ABATEMENT FOR MUSTIN BUILDERS – Motion passed unanimously; 3 yes, 0 no. 4816 Stratford Drive Mr. Winkler briefed members on Resolution EDC13- FINDING OF FACTS AND REPORT – BINGHAM 20 a residential tax abatement for Mustin Builders. LLC PROJECT Mr. Winkler stated the address is 4816 Stratford Mr. Winkler briefed members on the Finding of Facts Drive, Lot 191B in Southmain Village West Phase 3 and Report. Addition. The request is for a three-year tax abatement, as it is not considered in-fill housing. EDC 16-20 RESOLUTION OF THE ANDERSON Construction will commence before December 31, ECONOMIC DEVELOPMENT COMMISSION 2020, for a single-family dwelling intended for human APPROVING AND AUTHORIZING CERTAIN habitation. Improvements to the property will be at ACTIONS AND PROCEEDINGS WITH RESPECT an estimated cost of CERTAIN PROPOSED ECONOMIC 239,900.00. Ms. Holtzleiter briefed members on the DEVELOPMENT REVENUE BONDS ( BINGHAM, new construction. Brief discussion followed. LLC – FORMER COURTYARD APARTM ENTS) Mr. Winkler informed members of Resolution 16-20 a Ms. Jamerson moved to approve Resolution EDC13- resolution approving and authorizing certain actions 20 for Mustin Builders and Mr. Reed seconded. and proceedings with respect to revenue bonds Motion passed unanimously; 3 yes, 0 no. generating $900,000.00. Discussion followed. Ms. Jamerson moved to approve Finding of Fact, EDC14-20 - RESOLUTION Report and EDC16-20 a Resolution approving and RECOMMENDING RESIDENTIAL TAX authorizing certain economic development revenue ABATEMENT FOR MUSTIN BUILDERS – 212 bonds for Bingham, LLC. Mr. Reed seconded. Asbury Drive Motion passed unanimously: 3 yes, 0 no. Mr. Winkler briefed members on Resolution EDC14- 20 a residential tax abatement for Mustin Builders. ADJOURNMENT Mr. Winkler stated the address is 212 Asbury Drive, Mr. Reed moved to adjourn the meeting and Ms. Lot 192A in Southmain Village West Phase 3 Jamerson seconded. Meeting adjourned at 5:20 p.m. Addition. The request is for a three-year tax abatement, as it is not considered in-fill housing. Construction will commence before December 31, 2020, for a single-family dwelling intended for human habitation. Improvements to the property will be at an estimated cost of $290,000.00. Ms. Holtzleiter briefed members on the new construction. Brief discussion followed. Page 2 Page 3