HomeMy WebLinkAbout06/01/2023 EDAC Minutes
APPROVED MINUTES
CITY OF LINO LAKES
ECONOMIC DEVELOPMENT
ADVISORY COMMITTEE
MINUTES
DATE:
June 1, 2023
TIME STARTED: 8:00 a.m.
TIME ENDED: 8:47 a.m.
MEMBERS PRESENT: Andrew Cravero, Julie Jeffrey-Schwartz, Chad
Wagner, Patrick Kohler, Steve Marchek, Nathan
Vojtech, Jim Schueller, Keith Hembre
MEMBERS ABSENT: Blakely LaCroix, Don Johnson
STAFF PRESENT: Michael Grochala, Julie Whitney, Claire Knopf
1. CALL TO ORDER
Mr. Schueller called the Economic Development Advisory Committee meeting to order at
8:00 a.m. on June 1, 2023.
2. APPROVAL OF MINUTES
Mr. Kohler made a motion to approve the April 6, 2023 meeting minutes. Motion was
supported by Mr. Cravero. Motion carried 8-0.
3. DISCUSSION ITEMS
A. Anoka County HRA/EDA
Mr. Grochala stated that he received the numbers back from the County as to what we would
capture from the City levy for this program. The total amount that would be generated would
be $268,197 with the County receiving 20 percent which would be $53,000. Mr. Grochala
thought it would be a better use of funds to use internal funds for strategic acquisitions as
they present themselves. The repayment source could be either land sale proceeds, tax
increment financing proceeds, utility funds if a sewer or water project, or state aid street
funds if a road improvement.
Mr. Grochala stated the City was trying to avoid charging an additional tax if we have the
funds to use in place of that. Mr. Grochala mentioned the Winter property and that we will
be using short-term funds to fund that purchase. He went on to say that he was working with
our Finance Director, Mrs. Hannah Lynch on the funding process for land acquisition.
The Committee expressed support of using internal funds for land acquisition. It was also
conveyed this method of funding would allow the City to identify targets and construct a plan
Economic Development Advisory Committee
June 1, 2023
Page 2
APPROVED MINUTES
of how we can finance a particular property as opposed to how are we going to spend all this
money.
B. Project Updates
Mr. Grochala updated the Committee on current City projects.
B. ADJOURNMENT
Mr. Cravero made a motion to adjourn the meeting at 8:47 a.m. Motion was supported by
Mr. Vojtech. Motion was carried 8-0.
Respectfully submitted,
Julie Whitney, Community Development Administrative Assistant