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HomeMy WebLinkAbout03/02/2023 EDAC Minutes APPROVED MINUTES CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: March 2, 2023 TIME STARTED: 8:00 a.m. TIME ENDED: 8:56 a.m. MEMBERS PRESENT: Andrew Cravero, Julie Jeffrey-Schwartz, Blakely LaCroix, Chad Wagner, Don Johnson, Patrick Kohler, Steve Marchek, Nathan Vojtech, Jim Schueller MEMBERS ABSENT: Keith Hembre STAFF PRESENT: Michael Grochala, Dana Rozan 1. CALL TO ORDER Mr.Schueller called the Economic Development Advisory Committee meeting to order at 8:00 a.m. on March 2, 2023. 2. APPROVAL OF MINUTES Mr. Marchek made a motion to approve the January 5, 2023 meeting minutes. Motion was supported by Mr. Vojtech. Motion carried 9-0. 3. DISCUSSION ITEMS A. Housing Maintenance Assistance Program Mr. Grochala presented the staff report. The EDAC discussed establishing a housing maintenance program to assist low- moderate income households at the January 2023 meeting. As discussed, the City has $230,000 loan repayment that can be used for affordable housing programs. Staff has generated some additional information to consider with the establishment of the program. Mr. Grochala discussed what current programs Anoka County had available to homeowners for mound systems or connecting to City water payable by property taxes. He also discussed Blaine’s Front Door program. The Committee agreed that the loan money should be used for basic projects such as roofing, siding, painting, gutters, windows, chimney repair, deck, porch, driveway, Economic Development Advisory Committee March 2, 2023 Page 2 DRAFT MINUTES sidewalk, front door, and garage door replacement or repair. There will be three categories to qualify for this loan. Age of the home, value of the home and income threshold. The EDAC also recommended that the loan would be for 85% of the project amount with a cap of $10,000. There would be a small interest percentage charged for the loan and would be payable via property taxes over a calculated period of time. The goal is to have implementation of the program by 2024. B. Project Updates Mr. Grochala updated the committee on current City projects. 4. ADJOURNMENT Mr. Vojtech made a motion to adjourn the meeting at 8:56 a.m. Motion was supported by Mr. Kohler. Motion was carried 9-0. Respectfully submitted, Julie Whitney, Community Development Administrative Assistant