2006.10.16 EDA Packet - Laserfiche WebLink

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DISCUSSION ON HUGO BUSINESS ASSOCIATION (HBA) MEMBERSHIP Staff invited representatives from the HBA to discuss the membership and goals of the association. City Administrator introduced the topic, talked about the City of Hugo joining the HBA, and that the City would help out with anything that the HBA may need to help them grow. He also stated that when they finish their website there will be a link on the City website for the HBA. EDA member and HBA president, Phil Klein, introduced Mike Gainer, HBA Vice- President, and Lois Melamed, HBA member to the EDA. They talked about how the HBA is growing, that they are looking for a location for an office, and that they are looking into becoming a chamber. Mr. Melamed stated that there is some room in the Citizen Newspaper office for the HBA until they find a permanent location. Bever made motion, Denaway seconded, to for the City of Hugo to take membership in the Hugo Business Association. All aye. Motion Carried. UPDATE AND DISCUSSION ON TIF DISTRICT Staff has been working closely with Paul Steinman of Springsted and Mary Ippel on the calculations to establish a TIF District. Staff has attached a map of the proposed TIF District that highlights the buildings that meet and do not meet the required 15% code deficiency threshold determined by building inspections and a map of the coverage test results. Also, the building department has completed a number of assumptions about the buildings the city has not inspected and if they would qualify for a TIF district or not. As we are coming to completion of establishing a TIF District staff would like to have the TIF Subcommittee meet on a regular basis again. CD Intern gave updates on the coverage and building inspection tests that the City must meet qualify for a TIF District. CD Director gave and update on the building inspections and that he feels we have enough information to know that the proposed district will qualify and that the boundaries will probably stay the same. He also talked about the time line and that the TIF sub-committee should meet as soon as possible to make some more decisions about the financing and development they would like to see. Klein asked about what properties we would want to start with for redevelopment. CD Director stated that Kidz Place is already being redeveloped and the next important ones in his mind are the End Zone property, the properties across from City Hall, and where the County Road 8 and Highway 61 meet. Bever asked about the coverage test on the Lavalle Parcel.