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HomeMy WebLinkAboutHEDRA Minutes 05-05-2020 - Special MeetingHEDRA HASTINGS ECONOMIC DEVELOPMENT and REDEVELOPMENT AUTHORITY The Hastings Economic Development and Redevelopment Authority of the City of Hastings, Minnesota met in a special meeting on Tuesday, May 5, 2020 at 6:00 p.m. via Zoom video conference due to the COVID-19 Pandemic. HEDRA Commissioners Present: Sullivan, Fox, Sinclair, Goblirsch, Balsanek, and Vaughan HEDRA Commissioners Absent: Peine Staff Present: Community Development Director John Hinzman Economic Development Coordinator Rusty Fifield City Administrator Dan Wietecha I. Quorum II. Business A. Resolution: Authorize Establishment of the Hastings Economic Assistance for Recovery Together (HEART) Business Assistance Program Fifield presented a summary of the HEART Program to assist business recovery in implementation of COVID-19 social distancing items. Commissioner Balsanek questioned whether Hastings Area of Chamber of Commerce Executive Director Kristy Barse should serve on the loan selection committee since she is not employed by the City. Fifield responded that two of the three committee members would be affiliated with the City. Commissioner Vaughan asked if applicants would be presenting to the loan committee. Fifield responded that presentations were not planned. Commissioner Fox asked for clarification on eligible grant activities. Fifield presented a summary of activities along with proposed changes based on business feedback. Commissioner Balsanek asked how notification of grant availability would be accomplished. Fifield stated notification was planned through the City’s website and through the Chamber. Commissioner Goblirsch provided a summary of other governmental programs and that the HEART program was designed to fill gaps not covered by existing programs. Commissioner Sinclair asked how funds would be tracked to ensure accountability. Fifield stated the grant contains a reporting requirement. Councilmember Tina Folch shared concerns from local businesses that the grant may not meet their existing needs to fund current expenses such as rent and utilities and that businesses may not have sufficient grant eligible COVID related costs to fully expend the $4,000 allocation. President Sullivan stated that if grant funds were not fully subscribed the program could be modified to make eligible items more general. Commissioner Vaughan agreed with President Sullivan’s statement. Fifield stated HEDRA will be meeting again on May 14th and could review the status of funding at that time. Commissioner Fox stated she supports the current program. Motion by Commissioner Vaughan to approve HEDRA Resolution No. 2020-06 Establishing the Hastings Economic Assistance for Recovery Together (HEART) Grant Program including the following actions: 1. The Hastings Economic Assistance for Recovery Together Grant Program is approved pursuant to the Grant Program Description in the May 4, 2020 memorandum “HEART Grant Program – Revised”. 2. The total amount of grants awarded may not exceed $200,000. 3. The Executive Director is authorized to prepare an application form and to solicit applications from eligible businesses. 4. A Grant Review Committee is established to review, evaluate and award funds to the applications. John Hinzman, Kristy Barse and Bruce Goblirsch will serve on the Committee. Motion seconded by Commissioner Balsanek. Roll call vote: Ayes 6; Nays 0. Motion approved. III. Adjourn Meeting was adjourned at 6:27pm Next Meeting: May 14, 2020 Respectively Submitted: John Hinzman HEDRA Executive Director