HomeMy WebLinkAboutHEDRA Minutes - 2022.12.08HEDRA
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 Thursday, December 8, 2022 at 6:00
p.m. at Hastings City Hall.
HEDRA Commissioners Present: Goblirsch, Horsch, Anderson, Braucks, and Vaughan
HEDRA Commissioners Absent: Sinclair, and Johnson
Staff Present: Economic Development Coordinator Eric Maass
I. Quorum
A quorum was established and the meeting was called to order by President
Goblirsch at 6:00 PM with five members present.
II. Minutes
Motion made by a Commissioner Horsch and seconded by Commissioner Vaughan to
approve the regular meeting minutes from the November 10, 2022 as presented. Ayes 5;
Nays 0. Motion approved.
III. Bills
Maass summarized the bills. Motion made by Commissioner Anderson and seconded by
Commissioner Horsch to approve the bills as presented. Ayes 5; Nays 0. Motion approved.
IV. Business
A. Adopt Resolution #2022-31 - Authorize Signature of the 2nd Amendment to
Purchase Agreement with River City Investments LLC (Tyler Street Landing)
Maass provided a summary of the proposed amendment excluding the requirement
that the Developer remove structures on the parcel located at 315 3rd Street. The
requirement was associated with a grant for the project and the timing for
demolition for the grant is no longer necessary.
Commission discussed if any updates on timing have been presented from Mr.
Siewert. Maass responded they are seeking a spring start.
Motion made by a Commissioner Horsch and seconded by Commissioner
Anderson to adopt the resolution as presented. Ayes 5; Nays 0. Motion
approved.
B. Adopt 2023 Façade Improvement Grant Program
Maass provided a summary of proposed changes to the program including
increasing the match amount from 1:1 to 2:1, establishing a July 1st date for those
previously funded to apply, allowing six months for disbursement, and making the
full $50,000 available to Downtown and Vermillion Street properties at the
beginning of the year.
Commission discussed opening the program up further if funds have not been
disbursed by July 1st, whether raising the business investment threshold from 1:1 to
2:1 would be detrimental to use, outreach to prospective businesses. Staff will
monitor the program and bring back any necessary changes if funding applications
are not to the expected level.
Motion made by a Commissioner Vaughan and seconded by Commissioner
Braucks to adopt the changes as presented. Ayes 5; Nays 0. Motion approved.
V. Reports and Information
A. Revolving Loan Program 2022 Loan Activity
Maass provided a summary of 2022 loan activities including approval of a $25,000
working capital and $25,000 machinery and equipment loan to Spiral Foods Coop
and a $20,000 working capital loan to RH Holdings for 1250 South Frontage Road.
B. Development Updates
Maass provided a summary of construction and development updates.
C. Recognition of Outgoing Commissioners - Scott Sinclair, Mark Vaughan, and Lori
Braucks.
Maass and HEDRA Members thanked Sinclair, Vaughan, and Braucks for their
service and wished them well in the future.
VI. Adjourn
A. Adjourned the meeting at 6:20 p.m. Motion made by Commissioner Vaughan and
seconded by Commissioner Braucks to adjourn the meeting. Motion passed 5-0.
Meeting adjourned.
Next Meeting: January 12, 2023
Respectively Submitted:
John Hinzman