HomeMy WebLinkAbout02/03/2022 EDAC Minutes
APPROVED MINUTES
CITY OF LINO LAKES
ECONOMIC DEVELOPMENT
ADVISORY COMMITTEE
MINUTES
I. CALL TO ORDER
Chair Schueller called the Economic Development Advisory Committee meeting to order
at 8:00 A.M. on February 3, 2022.
II. APPROVAL OF MINUTES
Mr. Kohler made a MOTION to approve the January 6, 2022 Meeting Minutes. Motion
was supported by Mr. Vojtech, passing unanimously.
III. DISCUSSION ITEMS
A. Strategic Plan Implementation – Redevelopment & Land Acquisition
Mr. Grochala, Community Development Director, presented the staff report. He
requested feedback from the committee regarding the City’s funding sources for
redevelopment and strategic acquisitions.
Mr. Wagner recommended the City utilize the Anoka County HRA and Lino Lakes
Economic Development Authority (EDA) levy to establish a fund for redevelopment
and strategic acquisitions.
The committee discussed how to best present a levy to the public.
Mr. Hembre asked how much capital the City needs for redevelopment and land
acquisition.
DATE: February 3, 2022
TIME STARTED: 8:00 A.M.
TIME ENDED: 9:11 A.M.
MEMBERS PRESENT: Jim Schueller, Nathan Vojtech, Patrick Kohler,
Chad Wagner, Don Johnson, Keith Hembre,
Steve Marchek
MEMBERS ABSENT: Andrew Cravero, Julie Jeffrey-Schwartz
STAFF PRESENT: Michael Grochala, Janele Waterman
Economic Development Advisory Committee
February 3, 2022
Page 2
APPROVED MINUTES
Mr. Grochala stated the City is trying to establish and maintain a fund of approximately
$500,000.
The committee discussed land acquisition strategies.
Mr. Hembre asked if it would be viable for the City to acquire a $500,000 bond for
redevelopment purposes.
Mr. Grochala explained the state dictates which authorities the City can work with for
bonding services. He was unsure if that would be a viable choice, but he told the
committee he would explore the option.
Mr. Hembre inquired if a City owned parcel is sold, could a portion of those funds be
reserved for the redevelopment and strategic acquisitions fund.
Mr. Grochala stated if there are proceeds after the land is sold, the City can designate
the profits. He recommended the City pursue the EDA levy as the main funding source
and include interfund loans as a secondary source. He noted he would talk to the
Finance Director to see if there are any other feasible options.
Mr. Kohler said he would like to see a list of all City owned properties.
Mr. Grochala commented the City owns many parcels, but not all of them are for sale.
He said he would assemble a list of for sale parcels and provide it to the committee at
one of the following meetings. Mr. Grochala also stated he would complete a
comparison of commercial versus high density residential taxes and costs of service.
B. Strategic Plan Implementation – Marketing
Mr. Grochala, Community Development Director, presented the staff report. He
informed the committee City staff will be updating the community profile handout and
drafting the 2021 EDA Report.
C. Project Updates
Mr. Grochala provided verbal updates to the Board on current City projects.
IV. ADJOURNMENT
Mr. Vojtech made a MOTION to adjourn the meeting at 9:11 A.M. Motion was supported
by Mr. Wagner, passing unanimously.
Respectfully submitted,
Janele Waterman, Community Development Administrative Assistant