2006.11.20 EDA Packet - Laserfiche WebLink

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BACKGROUND MEMO FOR THE EDA MEETING OF Monday, November 20, 2006 3. Approval of Minutes EDA meeting of October 16, 2006 City staff recommends that the EDA approve the minutes for the October 16, 2006 EDA meeting as presented. 4. Kidz Place Child Care Center Dragonfly Group has started construction of a child care center called Kidz Place located at 5448 140th Street. The building will total approximately 8,200 square feet with a fenced in play area in the back portion of the site. The building will also include leased office space on the east side of the building. Staff has invited the representatives from Kidz Place Child Care Center to come talk to the EDA about the daycare and give details about their business plan. Staff recommends the EDA welcome Kidz Place Child Care Center as a new business in the community. 5. Update on Hugo Manufacturers Letter from the Mayor and the Hugo Business Association (HBA) As directed by the EDA at its October 16, 2006 meeting, included in your packet is a letter staff sent out from the Mayor and the Hugo Business Association to thank the manufacturing businesses in the City for providing great jobs to the community. In the letter staff also asked for a business profile from each manufacturer so we can find out exactly what the business is. Staff will give an update on the profiles that have been received so far. 6. Discussion on Hugo Business Association (HBA) Membership Staff has invited representatives from the HBA to discuss the membership and goals of the association. The City of Hugo will provide any help that the HBA may need during their marketing process. 7. 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. Staff will give an update at the meeting on the coverage test and building inspections and will request direction from the EDA.