EDA

Blaine City Hall City of Blaine 10801 Town Sq Dr NE Blaine, MN 55449 Anoka County, Minnesota Minutes - Final EDA The purpose of the Blaine Economic Development Authority is to increase the City’s commercial/industrial tax base, provide employment opportunities, undertake redevelopment to enhance and maintain neighborhood economic stability, and address special needs, such as senior housing. As authorized under Minnesota State statutes, the Blaine City Council also serves as the Blaine Economic Development Authority. Thursday, August 4, 2016 7:20 PM Council Chambers 1 Call to Order The meeting was called to order at 7:20 p.m. by President Ryan followed by the Roll Call. 2 Roll Call Quorum present. ALSO PRESENT: City Manager Clark Arneson; Planning and Community Development Director Bryan Schafer; Public Services Manager Bob Therres; Finance Director Joe Huss; Police Chief/Safety Services Manager Chris Olson; City Engineer Jean Keely; Communications Technician Roark Haver; Senior Engineering Technician Al Thorp; City Clerk Catherine Sorensen; and Recording Secretary Linda Dahlquist. Present: 6 - President Ryan, Comissioner Bourke, Comissioner Clark, Comissioner Hovland, Comissioner Swanson, and Comissioner King Absent: 1 - Comissioner Herbst 3 Minutes 3-1 MIN 16-24 APRIL 7, 2016 EDA MINUTES Moved by Commissioner Swanson, seconded by Commissioner King, that the Meeting Minutes of April 7, 2016, be approved. Motion adopted 3-0-3. (Commissioners Bourke, Clark and Hovland abstained due to absence.) 4 New Business 4-1 MO 16-071 REQUEST INCENTIVE PAYMENT FOR BRANCH 3 WETLAND City of Blaine Page 1 EDA Minutes - Final August 4, 2016 BANKING PROJECT Stormwater Manager Hafner stated the approved contract amount for the project was not to exceed $454,912.50. He stated the original RFP for the project included a per acre incentive for each acre of wetland credit over the 40-acre minimum which added to the project cost. The project is complete and 55 acres of credit have been created. He noted the credits have been deposited in the State wetland bank. The project came in under budget at $425,514. The incentive payment is $30,000. Commissioner Bourke asked about recent sales of wetlands credits. Stormwater Manager Hafner replied 6.2 acres have been sold recently and there are 48+ acres of credit in the bank. Commissioner Bourke asked where the wetland revenues go. Stormwater Manager Hafner replied the wetland revenues from the Branch 3 bank go to the EDA and future sale of credits from the new Blaine Wetland Sanctuary bank would go to Open Space. Moved by Comissioner Swanson, seconded by Comissioner Hovland, that this Motion be Adopted. The Motion was adopted unanimously. 5 Other Business None. 6 Adjournment Moved by Commissioner Swanson, seconded by Commissioner Bourke, to adjourn the meeting at 7:29 p.m. Motion adopted unanimously. City of Blaine Page 2