Community Development Authority (CDA)

COMMUNITY DEVELOPMENT AUTHORITY MINUTES VILLAGE OF EAST TROY January 27, 2020 Page 1 of 2 Call Meeting to Order Roll Call Chairperson LaShay called the meeting to order at 6:00 p.m. Present: Chairperson Tony LaShay, Commissioners Benny Stichmann, Alex Alger, Jim Holm, John Isleb, Mary Nicoson, Scott Seager Others: Eileen Suhm, Tanya Fonseca – Graef Public Comment None. Approval of Minutes Minutes dated November 25, 2019 Motion by Commissioner Seager, second by Commissioner Alger, to approve minutes. Motion carried. Closed session Adjourn to closed session pursuant to Wis. Stats. 19.85(1)(e) for the purpose of conducting other specified public business, whenever competitive or bargaining reasons require a closed session (Property Purchase) Motion by Commissioner Seager, second by Commissioner Alger, to adjourn to closed session pursuant to Wis. Stats. 19.85(1)(e) for the purpose of conducting other specified public business, whenever competitive or bargaining reasons require a closed session (Property Purchase). Motion carried on a roll-call vote. Motion by Commissioner Seager, second by Commissioner Alger, to reconvene in open session at 6:47 p.m. Motion carried. Reconvene in Open Session Consideration of Resolution 2020-02CDA, Approving the purchase of parcel ROP 00100 and authorizing the execution of all documents necessary to effectuate the acquisition Motion by Commissioner Holm, second by Commissioner Stichmann, to approve Resolution 2020- 02CDA. Motion carried with Commissioner Nicoson voting no and Commissioner Alger abstaining. Old Business 1. Discussion and direction facade grant program Tanya Fonseca reviewed prior direction on the façade grant program as well as decisions that need to be made. Items discussed included: • Focus for grant eligibility began with the Square, but subsequent discussion directed it should apply to any commercial property within the Village. • The first cycle or year will be a pilot program so the program can be modified$ and decisions finalized. • A little further discussion will be necessary regarding funding code compliance improvements.  COMMUNITY DEVELOPMENT AUTHORITY MINUTES VILLAGE OF EAST TROY January 27, 2020 Page 2 of 2 • Signage and siding should be eligible improvements. There was discussion pertaining to whether the signage should be an element of a larger project. • Design services should be included. Discussed whether it is necessary to require a licensed architect provide these services. • Reduced the number of bids from three to two. • Project completion was changed from 180 days after execution date to 365 days. • Grant will be a 50% match with a minimum project budget of $5,000, maximum grant funding for a project $10,000 • Limit the funds a property owner or tenant can receive for an address to $20,000 in 10 years • The program will be competitive with submittals twice a year, February and June were discussed. • It was questioned whether the three years of tax returns was necessary. Discussed the possibility of a DFI credit check or a balance sheet with a profit and loss statements • CDA will present the program to the Village Board for approval and ask for a designation of funds for the program. Anything under $10,000 will not need additional approval by the Village Board. • The front of the document should identify this is a CDA program. Tanya will update the document and bring it back for final direction. 2. Discussion re: revolving loan fund program and possible consideration of a sub-committee to establish program Commissioner Nicoson explained she would like to seek the assistance of the Small Business Development Center (SBDC) in Whitewater to develop aspects of the program. This idea was supported, and it was decided Commissioner Sitchmann will attend the meeting with Commissioner Nicoson. New Business 1. Consideration of message to be delivered for downtown square businesses Commissioner Stichmann explained the document provided to members was a message to leave behind with existing business owners on the Square. He asked commissioner to read this and to be discussed at the next meeting. 2. TIF presentation (tabled 10/28) Tabled due to time constraints. 3. Review of priority list with possible recommendations for future agendas No comments made on this item. Adjourn Motion by Commissioner Seager, second by Commissioner Alger to adjourn at 8:01 p.m. Motion carried. Respectfully Submitted: Eileen Suhm, Administrator/CDA Executive Director