HomeMy WebLinkAbout07-15-10 Special Meeting MinutesHastings Economic Development and
Redevelopment Authority
6:00 p.m. Hastings City Hall
SPECIAL MEETING
Minutes of July 15, 2010
HEDRA Commissioners Pam Holzem, Danna Elling Schultz, Ron Toppin, Bob Hollenbeck, Kurt Keena
and Anthony Alongi present
Commissioner Dennis Peine absent
Others present Dan Fluegel, City Attorney; Jessica Cook, Ehlers and Associates;
Staff present: Community Development Director John Hinzman and Community Relations Specialist
Shannon Rausch,
Q:
UORUM
A was establish and the meeting was called to order at 6pm with five members present.
I.M
INUTES
A.Commissioner Toppin motioned to approve the minutes form the May 13, 2010 Regular
Meeting, Commissioner Hollenbeck seconded the motion.
Motion approved 5-0
B.Commissioner Toppin motioned to approve the minutes form the June 10, 2010
Workshop, Commissioner Holzem seconded the motion.
Motion approved 5-0
III.B
ILLS
Commissioner Hollenbeck moved to pay the bills. Commissioner Toppin seconded the
motion.
Motion Passed 5-0
IV.B
USINESS
A. Resolution: Authorize Interfund Loan – TIF district No. 5
Jessica Cook of Ehlers and Associates presented a resolution authorizing HEDRA to provide
an interfund loan of up to $25,000 to pay for certain qualified costs associated with the TIF
Plan consisting of land/building acquisition, demolition, site improvements/preparation,
public utilities, streets and sidewalks, interest and administrative costs. This amount
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Minutes – Hastings EDRA – 7/15/10 – Special Meeting Page
proposed, ($25,000) is expected to be higher than necessary, but is set so that is should
cover any unexpected expenses. HEDRA would reimburse itself with future TIF proceeds.
Commissioner Holzem motioned to adopt the resolution; Commissioner Elling Schultz
seconded the motion.
Motion passed 5 – 0
*Commissioner Alongi Arrived, 6:10pm
B. Resolution: Adopt Modification to Redevelopment Plan/Establish TIF District No. 5 – Napa
Jessica Cook of Ehlers and Associates presented a resolution adopting certain modifications
to the Vermillion Street Redevelopment Plan, and establishing TIF District No. 5.
Commissioner Hollenbeck verified that the TIF district could be modified at a future date if
necessary, which Ms. Cook confirmed as long as it is done within the next 5 years.
Commissioner Hollenbeck motioned to adopt the resolution; Commissioner Toppin seconded
the motion.
Motion passed 6 – 0
C. Resolution: Authorize Certain Actions Related to Acquisition - Hudson Manufacturing.
A Special City Council Meeting on June 21, 2010, authorization was given for City Staff to
continue to negotiate a purchase agreement and relocation of Hudson to the former Intek
building at 800 10th Street E. There appears to be agreement on the acquisition price and
terms; however disclosure of recent environmental documents warrant further investigation.
Prior to any finalization of the purchase agreement, certain environmental, financial, and legal
.
due diligence items would need to be conductedThe City is asking for three months to
conduct the environmental studies necessary to know exactly what they will be taking on.
Hudson has indicated that the three month waiting period would mean they would be
“closing” on the purchase at their busiest time of year, and there for are not thrilled by the
time frame.
Commissioner Toppin motioned to adopt the resolution; Commissioner Hollenbeck seconded
the motion.
Motion passed 6 – 0
D. Authorize Purchase Agreement - Mann Property
An update was provided to the Commissioners that Mr. Mann’s representative at CB Richard
Ellis has countered our last offer with an offer of $260,000, and is looking for HEDRA/City to
bridge the gap between $260,000 and $230,000 for acquisition.
Commissioner Holzem motion to cap HEDRA’s purchase price at $230,000 and if that is
accepted then authorize staff to continue with any due diligence necessary. Commissioner
Hollenbeck seconded the motion.
Motion passed 6-0
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E. Approve Request for Qualifications - Marketing
Community Relations Specialist Shannon Rausch highlighted the changes made to the RFQ
following the May and June’s meetings. Commissioners had no further comments and were
pleased with the changes that had been made.
Commissioner Holzem motioned to approve the RFQ and instructed staff to send it out for
responses. Elling Schultz seconded the motion.
Motion passes 6-0
A:
DJOURNMENT
Meeting was adjourned at 6:35 p.m.
Thursday, August 12, 2010
Next meeting is scheduled for at 6:00pm in the Council Chambers.
Shannon M. Rausch,
HEDRA Secretary
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Minutes – Hastings EDRA – 7/15/10 – Special Meeting Page