Laserfiche WebLink
Councilmember Braucks motioned to approve as presented,seconded by Councilmember Vaughan. <br /> Roll Call:Ayes 7;Nays 0. <br /> Resolution No. 12-15-20: Conduit Housing Revenue Bond-Call for Public Hearing and Preliminary <br /> Approval-Schoolhouse Square Senior Housing-Real Estate Equities <br /> Hinzman discussed the proposal from Real Estate Equities for a housing finance program and to grant <br /> a preliminary approval to a housing facility revenue bond for financing associated with the Schoolhouse <br /> Square Senior Housing Facility. He also summarized the project,past Council land use approval actions and <br /> the creation of the TIF District. <br /> Council discussed whether there was any risk to the City's bond rating, if the conduit bond opportunity <br /> should be given to other developers and that due to competitiveness,the Dakota County CDA denied Real <br /> Estate Equities application for funding. <br /> Tammy Omdal,Northland Securities,provided additional information. <br /> Councilmember Folch motioned to approve as presented, seconded by Councilmember Leifeld. Roll <br /> Call: Ayes 7;Nays 0. <br /> Downtown Business Association -Winter\Spring Request for Assistance <br /> Hinzman summarized the most recent requests from the Downtown Business Association(DBA) for <br /> City Assistance. He also summarized recent discussions with HEDRA and the amount of money dispersed for <br /> COVID-19 relief and the remaining balance of the fund. <br /> Kristy Barse,Chamber of Commerce President,provided options how the City and Tourism Board <br /> may partner,the importance of a year-round attraction and the impact of tourism to the entire City. <br /> Council discussed the request for City funding to provide lighting in Levee Park and downtown area, <br /> year-round versus seasonal lighting,the effectiveness.of lighting to create increased business in the downtown <br /> area,possible sources of funding including the balance in the COVID-19 relief fund, lighting of the railroad <br /> bridge and of the buildings along second street which are privately owned, Levee Park ice rink and its possible <br /> expansion,how businesses outside the downtown area may benefit, input needed from businesses outside the <br /> downtown area if using City funds for lighting,creating a year-round attraction/destination, location priorities <br /> for creating an attraction or beautification, that efforts are focused on downtown area to draw people to the <br /> City, maintenance of the City's current amenities and being cognizant of the time and manpower to maintain <br /> lights and/or the new attraction,the Chamber of Commerce and/or Tourism Board to take lead and to provide <br /> events and other attractions,the City may help with funding and City staff serving in a supportive role,more <br /> collaboration between the DBA,the Chamber and the City,and the need to move quickly and task force to <br /> assist. <br /> Lacy Quail, Eye Candy REfind owner,expressed frustration that the City isn't providing enough <br /> support fast enough. <br /> Councilmember Folch motioned to light trees on the riverfront from the Highway 61 bridge up to and <br /> including the Rotary Pavilion, seconded by Councilmember Leifeld. <br /> Council discussed possible costs, funding sources and obtaining multiple quotes. <br /> Councilmember Balsanek motioned to amend the original motion to take the funds out of HEDRA, <br /> pending HEDRA's approval. <br /> Council discussed that due to the short time line if HEDRA's approval was needed,that the specified <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 /> http://www.hastin gsm n.gov/city_govemment/city-counci I/city-counci 1-agendas-and-minutes <br />