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HomeMy WebLinkAbout06-13-2016 EDA MinutesEDA MINUTES June 13, 2016 APPROVED 1 DATE : June 13, 2016 TIME STARTED : 6:05 p.m. TIME ENDED : 6:18 p.m MEMBERS PRESENT : EDA Members Kusterman, Reinert, Rafferty, Maher, Manthey MEMBERS ABSENT : None OTHERS PRESENT: : Community Development Director Michael Grochala; City Clerk Julie Bartell The meeting was called to order at 6:05 p.m. by EDA Vice President Rafferty. CONSIDERATION OF THE MINUTES OF APRIL 11, 2016 Economic Development Authority (EDA) Member Manthey moved to approve the April 11, 2016 minutes. EDA Member Maher seconded the motion. Motion carried on a voice vote. EDA Members Reinert and Kusterman were absent. PUBLIC HEARING AND CONSIDERATOIN OF RESOLUTION NO. 16-03, APPROVING AMENDED AND RESTATED BUSINESS SUBSIDY POLICY Michael Grochala, Community Development Director, reviewed the written staff report. He noted that this will be a public hearing. Julie Eddington, Kennedy & Graven, public finance counsel to the EDA, addressed the group. In 2001 the state adopted a Business Subsidy Act and the city followed and amendments have occurred since that time. Currently there are additional requirements to be included (reviewed substantive changes); other changes are minor wording. This brings the city’s policy- up to date with the state. There is a requirement to hold a public hearing before each city entity (the council and the EDA). The Chair was turned over to President Kusterman. EDA Member Reinert asked what the city wage goal will be. Ms. Eddington replied that it would 110% of the federal minimum wage. He asked if that is mandatory. Ms. Eddington explained that both the job goal and wage goal are tied to the groups stated main purpose of the document. They are goals and therefore it is not mandatory to reach them. EDA Member Rafferty asked why all of Section 4 is deleted and Ms. Eddington explained that the goals included therein are no longer needed. EDA Chair Kusterman opened the public hearing. There being no one present wishing to speak, the public hearing was closed. EDA Member Manthey moved to approve Resolution No. 16-03 as presented. Council Member Maher seconded the motion. Motion carried on a voice vote. EDA MINUTES June 13, 2016 APPROVED 2 ADJOURNMENT There being no further business, EDA Member Rafferty moved to adjourn. EDA Member Maher seconded the motion. Motion carried on a voice vote. The meeting was adjourned at 6:18 p.m.