2008.04.21 EDA Packet - Laserfiche WebLink

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BACKGROUND MEMO FOR THE EDA MEETING OF MONDAY, APRIL 21, 2008 3. Approval of Minutes for EDA meeting of March 17, 2008 City staff recommends that the EDA approve the minutes for the March 17, 2008 EDA meeting as presented. 4. Update BR&E Subcommittee Over the past month the Business Retention and Expansion(BR&E) subcommittee has developed a basic work plan that outlines the goals of the committee. Brian Denaway, Communications Intern, has been working closely with this group to create the work plan. There are three business people who have volunteered to be on the BR&E subcommittee including Joe Houle, Steve Larson, and Bonnie Chessebrow. Brian Denaway will present to the EDA the progress of the committee and the work plan to accomplish the goals of the committee. Staff recommends that the EDA discuss the work plan and formally appoint the BR&E subcommittee to include the new members. Attached are the work plan and the resumes of the residents that have volunteered to join the committee. 5. Update on Downtown Redevelopment Proiects Staff will update the EDA on the progress of the downtown redevelopment projects. 6. Discussion on TIF Certification At the March 2008 meeting the EDA discussed a TIF application from Dk Dockendorf Inc. for a 23,123 square foot retail building. There were questions about separating the properties in that area into its own TIF District, timing of certification, and Frank Langer's, City Assessor, valuation on the property. Frank Langer and the applicant met recently to discuss the valuation of the property. Staff has completed a study on what would happen to the rest of the district if the properties were broken off into their own district. Staff will present these finding at the meeting. Staff has also been in contact with Springsted on the timing of certification of the district and will discuss it with the EDA at the meeting.