EDA - Regular Meeting

City of Hinckley EDA - Regular Meeting Minutes Tuesday, September 10, 2024 at 12:00 PM Council Chambers (Community Room) 106 First Street SE, P. O. Box 366 | Tel: (320) 384.7491 | Fax: (320) 384.7492 | ww.hinckleymn.gov 1. Call to Order Pursuant to due call and notice, the special meeting of the Hinckley Economic Development Authority was called to order by EDA President Dave Ubl on Tuesday, September 10, 2024, at 12:03 p.m. Members present: EDA President Dave Ubl, EDA Commission Members: Reid Davis, Tim Burkhardt, Wayne Cessna, and Don Zeman. Members absent: Pine County EDA Coordinator Lezlie Sauter. Also present are City Administrator Leaha Jackson and Planning and Zoning Administrator Mark Perry. 2. Approve Agenda Motion made by Zeman, Seconded by Davis, to approve the agenda as presented. Voting Yea: President Ubl, Davis, Cessna, Zeman, Burkhardt. Motion carried 5-0. 3. Minutes A. August 20, 2024 - Special Meeting Motion made by Burkhardt, Seconded by Zeman, to approve the August 20, 2025 minutes. Voting Yea: President Ubl, Davis, Cessna, Zeman, Burkhardt. Motion carried 5-0. 4. EDA Payables/Financials A. August 2024 Financials & Payables Don Zeman had a question on the legal and insurance expense lines. Jackson will look into both. Motion made by Davis, Seconded by Cessna, to approve the August 2024 financials and payables. Voting Yea: President Ubl, Davis, Cessna, Zeman, Burkhardt. Motion carried 5- 0. 5. New Business A. Main Street Vacant Property Owners Planning & Zoning Administrator Mark Perry added the question, "What could the City or EDA do to help?". Members liked the questions, with Cessna asking how we see the process going. Jackson would like to start with phone contact for those we have, then a letter, and then leaving contact info on the building if necessary. She noted that it will most likely be a repeated contact situation. Zeman suggested sending it out to all businesses, not just the vacant ones. Jackson will come to a future meeting with questions like this geared toward established businesses. These questions are pretty specific to vacant building owners. 6. Old Business  A. Community Business Partnership Revolving Loan Fund Program Included in the packet was a draft for the Community Business Partnership Revolving Loan Fund Program and an updated application form. Jackson asked the board to consider lowering the amount requested with a 50% owner match from $10,000 to something like $7,000 or $5,000. This will allow the EDA to help more businesses with the amount in the Revolving Loan Fund (RLF). Perry followed this up with the goal of an EDA Revolving Loan Fund is to be gap financing and help those businesses with projects they are having a hard time finding traditional financing for. President Ubl asked, “If there was a really exciting project that came up, could the EDA take some of its other funds and designate them for the RLF?” Jackson said yes, they could pass a resolution to transfer some funds from the general cash to the RLF; the board could even consider transferring an amount from the annual levy amount to increase the RLF. Motion made by Zeman, Seconded by Davis, to approve the Business Loan Application and Community Business Partnership Revolving Loan Fund Program with the change of lowering the $10,000 amount to $7,000. Voting Yea: President Ubl, Davis, Cessna, Zeman, Burkhardt. Motion carried 5-0. B. Signs Update Included in the packet were two design alternates provided by Colors by Craig. The group's consensus was they liked the ones with the different colors. It makes the different items stand out. Jackson provided an update on BNSF and the land. They are looking into a lease option with the City. Jackson also gave an update that this project was one that she hoped to see come through the USDOT Thriving Communities Program and that while it affects many organizations, it is more of a City directed project as it is about branding and how the City will want to put itself out there for residents and visitors. Since groups like the EDA, Chamber, and CVB are all partners in the program, they will continue to be a part of the discussions. C. Joint Meeting with Chamber & CVB Jackson asked the Hinckley CVB and Chamber if they would be willing to attend a joint meeting where Desirae Kirchmeier could give the presentation that she did for the August EDA meeting. They both seemed very interested. Jackson will work with Desirea Kirchmeier to propose a date or two to invite the EDA, City Council, Chamber, and CVB to view her presentation. Member Reid Davis had to leave the meeting at 12:28 p.m 7. Open Forum 8. Miscellaneous 9. Adjournment Motion made by Zeman, Seconded by President Ubl, to adjourn the meeting at 12:29 p.m. Voting Yea: President Ubl, Cessna, Zeman, Burkhardt. Absent: Reid Davis. Motion accepted 4-0. Attest: _____________________________________ David Ubl, President ___________________________________ Secretary Leaha M. Jackson