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HomeMy WebLinkAbout04-08-2002 EDA Minutes 1 CITY OF LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY MINUTES DATE : April 8, 2002 MEMBERS PRESENT : J. Bergeson, D. Carlson, C. Dahl, J. O’Donnell, J. Reinert MEMBERS ABSENT : None OTHERS PRESENT : Ann Blair, Mary Divine, Michael Grochala, and Linda Waite Smith CONSIDERATION OF MINUTES OF MONDAY, DECEMBER 17, 2001 EDA Member Dahl moved to approve the December 17, 2001, minutes, as presented. EDA Member Carlson seconded the motion. Motion passed unanimously. CONSIDERATION OF ANNUAL APPOINTMENTS A. EDA Officers: President, Vice President, Treasurer, Assistant Treasurer, Executive Director, and Secretary Ms. Divine advised according to Lino Lakes EDA by-laws, the EDA selects a President, Vice President, Secretary, Treasurer and Assistant Treasurer each year. The offices of President and Vice President and Treasurer must be held by EDA members. In 2001 the officers were as follows: President: Mayor John Bergeson Vice President: Caroline Dahl Treasurer: Donna Carlson Secretary: Economic Development Assistant Assistant Treasurer: Finance Director Executive Director: City Administrator Ms. Divine advised staff requests that the Authority elect members for these positions for 2002. EDA President Bergeson recommended that the positions of Secretary, Assistant Treasurer and Executive Director continue to be filled by staff members. 2 EDA Member Dahl noted Ms. Divine has been serving as Secretary to the EDA but does not take the minutes of the meetings. EDA President Bergeson called for a nomination for President of the EDA. EDA Member Dahl moved to elect Donna Carlson as President of the EDA. EDA Member O’Donnell seconded the motion. EDA Member Reinert noted he has not held an official position on the EDA and asked what the duties and responsibilities are of each position. EDA President Bergeson explained the President of the EDA presides over the meetings, the Vice President serves only in the absense of the President, and the Treasurer has not had any responsibilities to date. EDA Member Reinert questioned whether there was specific protocol regarding who should serve as the President of the EDA. Ms. Divine indicated the by-laws of the EDA do not specify who should serve as the President. Motion passed unanimously. EDA President Bergeson called for a nomination for Vice President of the EDA. EDA Member Carlson moved to elect J. O’Donnell as Vice President of the EDA. EDA Member Dahl seconded the motion. Motion passed unanimously. EDA President Bergeson called for a nomination for Treasurer of the EDA. EDA Member O’Donnell moved to elect Caroline Dahl as Treasurer of the EDA. EDA Member Carlson seconded the motion. Motion passed unanimously. EDA President Bergeson noted there had been a discussion during the last EDAC meeting regarding the EDA being made up of members other than the City Council. He suggested that this issue be discussed in the future. EDA Member Carlson requested a copy of the minutes from the last EDAC meeting and the survey of local cities. EDA Member Reinert stated he had given some thought to the question of why the EDA is made up of City Council Members. He felt because the EDA deals with taxpayer’s money, it makes sense for the members of the EDA to be elected officials. 3 EDA President Bergeson called for a motion to appoint a Secretary, Assistant Treasurer and Executive Director for the EDA. EDA Member Carlson moved to appoint the City’s Economic Development Assistant as the Secretary; the City’s Finance Director as the Assistant Treasurer; and the City Administrator as Executive Director of the EDA. EDA Member Dahl seconded the motion. Motion passed unanimously. B. Official Newspaper Ms. Divine advised the EDA is required to publish public notices regarding its meetings. In the past, the EDA has designated the official newspaper to be the same as the City’s official newspaper. She advised staff is recommending appointment of the Quad Community Press as the EDA official newspaper. EDA Member Dahl moved to appoint the Quad Community Press as the EDA official newspaper. EDA Member O’Donnell seconded the motion. Motion passed unanimously. C. Official Depositories Ms. Divine advised the list of legal depositories approved for 2002 by the City Council were as follows: Wells Fargo Prudential Bache First Bank, NA Community National Bank Firstar Bank Merrill Lynch Dain Bosworth Juran & Moody Lino Lakes State Bank LMC 4M Fund Solomon, Smith, Barney Others as needed Ms. Divine indicated these depositories are used for checking, savings and investing City dollars. On occasion the EDA and the City have financial transactions that will require the EDA to have designated legal depositories. Ms. Divine advised staff recommends approval of the list of legal depositories. EDA Member Carlson moved to approve the above list of legal depositories, as approved for 2002 by the City Council. EDA Member O’Donnell seconded the motion. Motion passed unanimously. 4 CONSIDERATION OF RESOLUTION NO. 02-01, APPROVING THE ELIMINATION OF A PARCEL FROM TAX INCREMENT FINANCING DISTRICT NO. 1-9 WITHIN DEVELOPMENT DISTRICT NO. 1 OF THE CITY OF LINO LAKES Ms. Divine advised in 1998, the EDA created Tax Increment Financing (TIF) District No. 1-9 for the purpose of providing TIF assistance to industrial prospects in the Apollo Business Park and the Lakes Business Park. At that time the landowner had interest in developing Lakes Business Park on Lake Drive as a light industrial park. Ms. Divine indicated since that time the landowner has sold a piece of the site to Centennial School District for its new elementary school and the City approved a minor subdivision for the school parcel. The School District wishes to combine the elementary school and the adjacent middle school into one tax exempt parcel. To do so, Anoka County requires the parcel to be removed from the TIF District. Ms. Divine advised staff recommends adoption of Resolution No. 02-01, Approving the Elimination of a Parcel from TIF District No. 1-9. EDA Member O’Donnell moved to adopt Resolution No. 02-01, Approving the Elimination of a Parcel from TIF District No. 1-9. EDA Member Dahl seconded the motion. Motion passed unanimously. Resolution No. 02-01 can be found in the City Clerk’s office. ADJOURNMENT EDA Member O’Donnell moved to adjourn. EDA Member Reinert seconded the motion. Motion passed unanimously. Meeting adjourned at 6:22 p.m. Transcribed by: Lori Rolfson TimeSaver Off Site Secretarial, Inc.