HomeMy WebLinkAbout01/05/2023 EDAC Combined PacketCITY OF LINO LAKES
ECONOMIC DEVELOPMENT
ADVISORY COMMITTEE MEETING
Thursday, January 5, 2023
8:00 A.M.
Community Room
AGENDA
1. CALL TO ORDER AND ROLL CALL
2. APPROVAL OF MINUTES: December 1, 2022
3. DISCUSSION ITEMS
A. Small Business Financial Assistance & Housing Maintenance Assistance
Programs
4. ADJOURN
DRAFT 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 8:03 A.M. on December 1, 2022.
II. APPROVAL OF MINUTES
Mr. Vojtech made a motion to approve the October 6, 2022 meeting minutes. Motion was
supported by Mr. Johnson, passing unanimously.
III. DISCUSSION ITEMS
A. Otter Lake Master Plan
Mr. Grochala, Community Development Director, presented the staff report. The
committee discussed the Otter Lake Master Plan in greater detail.
B. Purchase and Development Agreement with Silver Creek Equity, LLC, Update.
Mr. Grochala, Community Development Director, presented the staff report.
The committee discussed the Purchase and Development Agreement with Silver Creek
Equity, LLC, Update in greater detail.
The committee determined that the project should proceed with the multi-family building.
Further agreeing, that a deed restriction that prohibits zoning changes on the balance of
property should be in place for a period of 3 to 5 years from date of multi-family
occupancy.
DATE: December 1, 2022
TIME STARTED: 8:02 A.M.
TIME ENDED: 9:07 A.M.
MEMBERS PRESENT: Chad Wagner, Don Johnson, Steve Marchek, Keith
Hembre, Jim Schueller, Nathan Vojtech,
MEMBERS ABSENT: Patrick Kohler, Andrew Cravero, Julie Jeffrey-
Schwartz, Blakely LaCroix
STAFF PRESENT: Michael Grochala, Harrison Maxwell, Julie Whitney
Economic Development Advisory Committee
December 1, 2022
Page 2
APPROVED MINUTES
IV. ADJOURNMENT
Mr. Hembre made a motion to adjourn the meeting at 9:07 A.M. Motion was supported by
Mr. Vojtech, passing unanimously.
Respectfully submitted,
Harrison Maxwell, Community Development Intern
ECONOMIC DEVELOPMENT ADVISORY COMMITTEE
AGENDA ITEM 3A
STAFF ORIGINATOR: Mike Grochala, Community Development Director
EDAC MEETING DATE: January 5, 2022
TOPIC: Small Business Financial Assistance & Housing
Maintenance Assistance Programs
BACKGROUND
Staff would like to discuss establishing a small business financial assistance program for existing
businesses and a housing maintenance program for low income households:
The City currently has financial assistance options for larger new construction projects, such as
Tax Increment Financing assistance and tax abatement, but does not have an opportunity for
existing businesses with smaller expansion projects. Staff would like to discuss business needs
and potential programs.
The City has grant proceeds to implement a possible housing maintenance program for low-
income households and is looking for the Committee’s input. This could be in the form of a grant
or low interest revolving loan fund for properties that meet affordability guidelines.
EDAC CONSIDERATION
None required. Discussion only.
ATTACHMENTS
1. None