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Home My WebLink About04-22-2013 CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA MOUNDS VIEW CITY HALL Monday, April 22, 2013 6:00 PM 1. CALL TO ORDER 2. ROLL CALL: President Flaherty, Vice President Gunn, Commissioner Hull Commissioner Meehlhause and Commissioner Mueller 3. APPROVAL OF AGENDA 4. PUBLIC INPUT: Citizens may speak to issues not on tonight’s agenda. Before speaking, please give your full name and address for the minutes. Also, please limit your comments to three minutes. 5. APPROVAL OF MINUTES A. January 14, 2013, EDA Minutes 6. CONSENT AGENDA 7. EDA BUSINESS A. Discuss Economic Development Advertising B. Review Home Improvement Loan Program C. Review Business Improvement Partnership Loan Program 8. REPORTS 9. NEXT EDA MEETING: Monday, May 13, 2013, at 6:30pm 10. ADJOURNMENT PROCEEDINGS OF THE MOUNDS VIEW EDA 1 CITY OF MOUNDS VIEW 2 RAMSEY COUNTY, MINNESOTA 3 4 Regular Meeting 5 January 14, 2013 6 Mounds View City Hall 7 2401 Highway 10, Mounds View, MN 55112 8 6:30 P.M. 9 10 11 1. CALL MEETING TO ORDER 12 13 2. ROLL CALL: President Flaherty, Commissioner Meehlhause, Commissioner Hull, 14 Commissioner Mueller, Commissioner Gunn, and Executive Director Ericson. 15 16 NOT PRESENT: None. 17 18 3. APPROVAL OF AGENDA 19 20 MOTION/SECOND: Mueller/Hull. To Approve the January 14, 2013, Agenda as presented. 21 22 Ayes – 5 Nays – 0 Motion carried. 23 24 4. PUBLIC INPUT 25 26 None. 27 28 5. APPROVAL OF MINUTES 29 30 A. October 12, 2012, EDA Minutes. 31 32 MOTION/SECOND: Mueller/Gunn. To Approve the October 12, 2012, Minutes as presented. 33 34 Ayes – 4 Nays – 0 Abstain – 1 (Meehlhause) Motion carried. 35 36 6. CONSENT AGENDA 37 38 None. 39 40 7. EDA BUSINESS 41 42 A. Resolution 13-EDA-273, Electing and Appointing Officers for 2013 to the 43 Mounds View Economic Development Authority (EDA). 44 45 Mounds View EDA January 14, 2013 Regular Meeting Page 2 Economic Development Specialist Steinmetz requested the EDA select a President, Vice 1 President, Secretary and Treasurer for 2013. 2 3 President Flaherty noted he was willing to serve as the President again in 2013. 4 5 Commissioner Gunn volunteered to serve as the Vice-President of the EDA. 6 7 Commissioner Mueller asked to serve as the Treasurer for 2013. 8 9 Commissioner Meehlhause indicated he could serve as the Secretary. 10 11 MOTION/SECOND: Gunn/Hull. To Waive the Reading and Adopt Resolution 13-EDA-273, 12 Electing and Appointing Officers for 2013 to the Mounds View Economic Development 13 Authority (EDA). 14 15 Ayes – 5 Nays – 0 Motion carried. 16 17 B. Resolution 13-EDA-274, Appointment Members to the Economic 18 Development Commission (EDC). 19 20 Economic Development Specialist Steinmetz indicated the EDC currently had three open seats. 21 She requested the EDA appoint Jim Freichels, Jason Helgemoe and Gary Stevenson to serve on 22 this Commission. She noted the appointments would begin January of 2013 and run through 23 December 31, 2015. 24 25 President Flaherty thanked Torri Johnson for her years of service to the City on the EDC. 26 27 Jim Freichels, owner of DelComm, introduced himself to the EDA explaining he was interested 28 in serving on the Mounds View EDC. He appreciated Mounds View’s approach by allowing 29 local business owners to have a voice on this Commission. 30 31 President Flaherty stated it was important for the City to reach out to the local business owners in 32 the community and he was excited to see Mr. Freichels willing to serve on the EDC. 33 34 Commissioner Meehlhause commended Torri Johnson for her years of service on the EDC and 35 wished her the very best. He then thanked Jim Freichels, Gary Stevenson and Jason Helgemoe 36 for their willingness to serve the community. 37 38 MOTION/SECOND: Meehlhause/Mueller. To Waive the Reading and Adopt Resolution 13-39 EDA-274, Appointment Members to the Economic Development Commission (EDC). 40 41 Ayes – 5 Nays – 0 Motion carried. 42 Mounds View EDA January 14, 2013 Regular Meeting Page 3 1 8. REPORTS 2 3 None. 4 5 9. NEXT EDA MEETING: Monday, January 28, 2013, at 6:30 p.m. 6 7 10. ADJOURNMENT 8 9 President Flaherty adjourned the meeting at 6:45 p.m. 10 11 Respectfully submitted, 12 13 14 Recorded and transcribed by: 15 Heidi Guenther 16 TimeSaver Off Site Secretarial, Inc. 17 Item No: 7A Meeting Date: April 22, 2013 Type of Business: EDA Administrator Review : ____ City of Mounds View Staff Report To: Economic Development Authority (EDA) From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Discuss Economic Development Advertising Introduction The City Council and EDC discussed Economic Development advertising at the April 1, 2013, Work Session. The discussion resulted in some uncertainty about the City’s advertising message. Therefore, the City Council asked the EDC to further review the possibility of advertising. The EDC discussed advertising at their April 19th meeting. City staff will provide the EDA with a verbal summary of the EDC’s advertising discussion. Background At the April 1st Work Session, the City Council reviewed City staff’s suggested advertising messages, target audiences, suggested publications, types of advertising and advertising rates. The main type of advertising discussed on April 1st was an advertorial. The City Council and EDC reviewed the City of Fridley’s 1997 advertorial. City staff will provide the EDA with a verbal report of Fridley’s feedback. Recommendation City staff recommends that the EDA consider the EDC’s April 19th discussion regarding Economic Development advertising and provide further direction to City staff. Economic Development advertising could be paid for through a combination of funds donated to the EDA by Bethlehem Baptist Church and sponsorships provided by Mounds View businesses who would like to be featured in the advertising. Respectfully submitted, ___________________________ Heidi Steinmetz, Economic Development Specialist Item No: 7B Meeting Date: April 22, 2013 Type of Business: EDA Administrator Review : ____ City of Mounds View Staff Report To: Economic Development Authority (EDA) From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Review Home Improvement Loan Program Background The Home Improvement Loan Program was created by the EDA in late 2010 to provide additional home improvement loan options to Mounds View residents. Shown below, the program offers four types of loans, three of which cater to low-income residents who may not qualify for traditional home improvement loan financing. Loan Name Loan Amount Interest Rate Payment Type Home Demolition Up to $10,000 3% Fixed Code Enforcement Up to $7,000 0% Fixed General Home Repair Up to $10,000 3% Fixed Emergency Deferred Up to $7,000 0% Deferred Attached is the loan criteria for each of the four loans. Since the program’s inception, two loans have closed; one for a bathroom remodel and another for a new roof. A third loan (a home demolition loan) is expected to close on Tuesday. Including the third loan, the total loan funds used will be about $24,000. The total loan fund budget for 2013 is $150,000. Side Note: The Housing Resource Center administers loans for Mounds View, Woodbury, Shoreview, Roseville, Oakdale and Minnesota Housing, all of which have been less productive in the past several years. Housing Resource Center staff suggests reasons for the decrease in loans could be the economic downturn, including unemployment stress, and the decrease in property values. Discussion Since the City Council’s 2013 Priority Statement relates to the revitalization of County Road 10, the EDC reviewed the Home Improvement Loan Program at their April 19th meeting to discuss whether the Home Improvement Loan Program should be discontinued and the funds transferred towards County Road 10 revitalization. City staff will provide the EDA with a verbal summary of the EDC’s discussion. April 22, 2013 EDA Meeting Item 7B – Home Loans Page 2 of 2 Recommendation City staff recommends that the EDA consider the EDC’s April 19th discussion regarding the Home Improvement Loan Program and provide further direction to City staff. Respectfully submitted, ___________________________ Heidi Steinmetz, Economic Development Specialist Attachment - Home Improvement Loan Program Criteria Item No: 7C Meeting Date: April 22, 2013 Type of Business: EDA Administrator Review : ____ City of Mounds View Staff Report To: Economic Development Authority (EDA) From: Heidi Steinmetz, Economic Development Specialist Item Title/Subject: Review Business Improvement Partnership Loan Program Background The Business Improvement Partnership Loan Program was created by the EDA in 1995 to provide up to $25,000 loans at 2% interest for exterior and interior improvements. Attached is the program flyer and application. EDA records show that the program was used three times; one for Dynex Industries in 1995, one for Mister Donut in 1995 and another to Mounds View Fina in 1996. Each loan was a “participation loan” with $25,000 provided by the EDA and $25,000 provided by the bank. The total loan fund budget for 2013 is $50,000. Discussion Since the City Council’s 2013 Priority Statement relates to the revitalization of County Road 10, the EDC reviewed the Business Improvement Loan Program at their April 19th meeting to discuss if the program should be amended to better support County Road 10 revitalization. City staff will provide the EDA with a verbal summary of the EDC’s discussion. Recommendation City staff recommends that the EDA consider the EDC’s April 19th discussion regarding the Business Improvement Partnership Loan Program and provide further direction to City staff. Respectfully submitted, ___________________________ Heidi Steinmetz, Economic Development Specialist Attachments − Business Improvement Partnership Loan Program Flyer & Application