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HomeMy WebLinkAboutHEDRA Minutes - 2022.06.07HEDRA HASTINGS ECONOMIC DEVELOPMENT and REDEVELOPMENT AUTHORITY The Hastings Economic Development and Redevelopment Authority of the City of Hastings, Minnesota met in a regular meeting on Tuesday, June 7th, 2022 at 7:00 a.m. at Hastings City Hall. HEDRA Commissioners Present: Goblirsch, Sinclair, Braucks, Vaughan, Sullivan and Horsch HEDRA Commissioners Absent: Johnson Staff Present: Community Development Director John Hinzman Economic Development Coordinator Eric Maass City Administrator Dan Wietecha I. Quorum A quorum was established and the meeting was called to order by President Goblirsch at 7:00 AM with six members present. II. Minutes Motion made by Commissioner Braucks and seconded by Commissioner Vaughan to approve the minutes from the May 12th 2022 Regular Meeting Ayes 6; Nays 0. Motion approved. III. Bills Hinzman summarized the bills. Motion made by Commissioner Horsch and seconded by Commissioner Sinclair to approve the bills. Ayes 6; Nays 0. Motion approved. IV. Business A. Resolution #2022-25 & Resolution #2022-26: Stencil Addition (Lake Isabell Flats LLC) – Property Sale and TIF Contract updates. • Motion made by Commissioner Vaughan and seconded by Commissioner Sullivan to approve both resolutions. Approved 6-0 as presented. Staff provided clarification on the Minimum Assessment Value B. Revolving Loan to RH Holdings LLC (Property owners of 1250 Frontage Road – Spiral Foods location). Requesting funds for electrical and site upgrades totaling $20,00 from HEDRA. Loan would be at a 3.5% interest rate over 5 years. • Motion made by Commissioner Horsch and seconded by Commissioner Sullivan to approve the loan. Approved 6-0 as presented. Request to have the loan secured via a personal loan via officers of the LLC. C. Façade Improvement Grant for 117 2nd Street E. (Meier Building) Roof improvements. Total project is $43,000 they would qualify for a $2,300 grant from HEDRA using any remaining funds. • Motion made to approve the resolution. Approved 6-0 as presented. V. Reports and Information A. Downtown 2023 HEDRA Budget Preview - Update on 2022 Budget and proposed programs for 2023. Final budget adoption at a later date. B. Highway 61 Hastings Study - Update on public outreach for corridor study. C. Development Updates a. KFC at 18th and Vermillion b. Fleet Farm interior and exterior c. Coborns plans to add a Caribou with a drive-thru d. Jersey Mike’s is under construction e. Vermillion Acres – senior housing on 47 is breaking ground soon f. Lake Isabell Flats – mentioned earlier g. Maker’s Alleyway is gaining lots of interest h. Villas on Pleasant two more permits pulled D. Recognition of Martha Sullivan - Board thanked Martha for her six years of service – Ben Anderson has been appointed by council for the July meeting. VI. Adjourn A. Adjourned the meeting at 7:25 a.m. Motion made by Commissioner Sullivan and seconded by Commissioner Horsch to adjourn the meeting. Motion passed 6-0. Meeting adjourned. Next Meeting: July 14th, 2022 https://www.youtube.com/watc h?v=GQ0AAskl34E Respectively Submitted: Lindsay Anderson