01-11-2023 Council Minutes - Laserfiche WebLink

Home Browse Search

MINUTES CITY COUNCIL JANUARY 11, 2023 RESOL UTION NO. 2 023-1-10 — ADJOURNING THE CITY COUNCIL MEETING AND RECONVENING AS THE ECONOMIC DEVELOPMENT A UTHO1rTY The foregoing resolution was duly seconded by T.Miller. Ayes (5). Nays (0). Resolution adopted. EDA - 2023 APPOINTMENT OF OFFICERS The City Administrator explained that an Economic Development Authority (EDA) is a political subdivision of the State of Minnesota authorized by MN Statue 469.094-108 to promote enhancement and expansion of local tax base. He stated that EDA Commissioners often include elected City officials, business representatives, and local residents who work together to attract and retain local businesses, assist with business expansion, and promote rehabilitation and redevelopment of specific areas within the community. The City Administrator reported that the City Council discussed several priorities and initiatives related to economic development during the strategic planning retreat in April 2022. He stated that one of the key strategies identified was maximizing our assets to catalyze development. The City is attempting to keep the community vital and a great place to live through efforts in development, redevelopment, housing, and other amenities. The City Administrator stated that one of the identified initiatives was to review and redefine the EDA scope. He explained that redevelopment projects often take considerable time and effort to materialize, and creating a separate EDA Board of Commissioners to focus on these projects enables the City Council to focus the broader scope of City priorities and initiatives. He stated that it may take up to 6- 12 months to review the various options and provide a formal recommendation for the City Council to consider. If desired, the City Council may wish to establish a committee to further explore these options for potential implementation in 2024. The City Administrator stated that an economic development authority shall consist of either three, five, or seven commissioners. He explained that two members of the City Council must serve on the EDA Board of Commissioners if the EDA consists of five or seven members, but Minnesota Statute also allows for all members of the City Council to serve as the EDA Board of Commissioners. He reviewed the recommendation for office positions. T.Miller stated that she would like to revisit this for further discussion on possible changes since this is important. Fischer stated that he thinks some outside involvement would be good, but wants the full Council to continue to be involved. D.Miller agreed that additional input would be good, whether it is from business owners or residents. McGraw introduced the following resolution and moved its adoption: RESOL UTION NO. EDA2023-1-1— APPOINTING THE FOLLO WING ECONOMIC DEVELOPMENT A UTHORITY OFFICERS FOR 2023 Tom Fischer, President Teresa Miller, Vice President Mike McGraw, Treasurer Sam Magureanu, Assistant Treasurer