Laserfiche WebLink
Hastings,Minnesota <br /> Joint City Council and Hastings Economic Development <br /> and Redevelopment Authority(HEDRA)Meeting Minutes <br /> May 9,2019 <br /> The City Council of the City of Hastings, Minnesota along with the Hastings Economic Development <br /> and Redevelopment Authority(HEDRA)met in a workshop meeting on Thursday, May 9, 2019,at 6:00 <br /> p.m. in the Community Room at the Hastings City Hall, 101 East 4`h Street, Hastings, Minnesota. <br /> City Council Members Present: Mayor Fasbender, Councilmembers,Braucks, Folch, Leifeld, Lund, <br /> and Vaughan. <br /> Absent: Councilmember Balsanek. <br /> HEDRA Members Present: Chair Sinclair, Commissioners Sullivan,Toppin, Fox, and Councilmember <br /> Vaughan <br /> Absent: Commissioner Peine and Councilmember Balsanek. <br /> Staff Present: Community Development Director John Hinzman <br /> City Attorney Dan Fluegel <br /> Economic Development Coordinator Rusty Fifield <br /> Finance Manager Melanie Lammers <br /> Great River Landing—Update from Confluence Development <br /> Community Development Director Hinzman introduced the item for discussion including a <br /> history of the project, schedule, and financial implications. The Purchase and Development Agreement <br /> requires substantial completion of the entire project by December 15,2019; it does not appear likely that <br /> Confluence will achieve substantial completion by that date. $1.6 million in existing grant funds for <br /> development of the park and building environmental work must be spent by December 31, 2019. <br /> Pat Regan and Mike Mattingly of Confluence Development provided details on project history <br /> and current status. Since submittal of the building plans in November,2018 plans have been revised to <br /> reduce project cost to better align with available financing. Significant cost savings have been eliminated <br /> while maintaining the uses identified in the project approvals. Regan submitted a preliminary <br /> construction schedule showing the timeline for completion of the parking ramp, park development and <br /> rehabilitation of the Hudson building under this schedule. The parking ramp is scheduled for completion <br /> by June 7, 2019, work on grant related items including the park and building environmentals would begin <br /> July 8, 2019. All building construction would be complete by November 20, 2020. Confluence believes <br /> grant funded work will be completed to allow for full use of grant funds. They have hired Rob Barse as a <br /> project manager to provide increased oversight in managing a tight construction schedule. <br /> Council and HEDRA Commissioners discussed the implications of not completing work to allow <br /> for full use of grant funding,the ability of Confluence to begin work prior to closing of a construction <br /> loan,timing of the agreements versus starting the project, and future consideration of an amendment to <br /> the Purchase and Development Agreement to extend the substantial completion date. <br /> Strategic Plan for Economic Development <br /> Economic Development Coordinator Rusty Fifield provided a summary of the draft Strategic Plan <br /> for Economic Development including study and development strategies for housing issues, capitalizing <br /> Sign up to receive automatic notification of Council agendas <br /> At ccagenda-subscribe@hastingsmn.gov or by calling 651-480-2350 <br /> City Council packets can be viewed in searchable format on the City's website at <br /> littp://www.hastingsmn.gov/city-government/city-council/city-cou ncil-agendas-and-minutes <br />