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HomeMy WebLinkAboutEDA MIN 01-28-03COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY (EDA) REGULAR MEETING MINUTES OF JANUARY 28, 2003 CALL TO ORDER - The Regular Meeting of the Columbia Heights Economic Development Authority (EDA) was called to order by Executive Director, Walt Fehst at 8:16 p.m., Tuesday, January 28, 2003, in the Parkview Villa, Community Room B, 965 40th Avenue NE, Columbia Heights, Minnesota. ROLL CALL Commission Members Present: Commission Members Absent: Staff Present: City Council Guests Present: Patricia Jindra, Julienne Wyckoff, Bobby Williams, Bruce Nawrocki, and Don Murzyn Jr. Walt Fehst, Executive Director Bob Streetar, Deputy Executive Director Randy Schumacher, Community Development Assistant Cheryl Bakken, Secretary Tammera Ericson, Bruce Kelzenberg OATH OF OFFICE Fehst administered the Oath of Office to Don Murzyn Jr. only, as Nawrocki stated Ericson and Kelzenberg have not been appointed by the Mayor and approved by City Council. FVyckoff stated this will be done at the next City Council meeting. ELECTION OF OFFICERS Motion by Nawrocki, second by Williams, to postpone the Election of Officers until after the Mayor appoints Ericson and Kelzenberg and the City Council approves them to the EDA board. All ayes. Motion Carried. Vice President, Jindra was asked to conduct the meeting from this point on. Approval of Minutes Move to adopt the minutes of the December 17, 2002, regular meeting as presented in writing. Financial Report and Payment of Bills Move to approve Resolution 2003-01, Resolution of the Columbia Heights Economic Development Authority (EDA) approving the financial statements for December, 2003 and approving payment of bills for December, 2003. MOTION by Williams, second by Murzyn, to adopt the consent agenda items as listed. All ayes. Motion Carried. ITEMS FOR CONSIDERATION APPROVE AMENDED BUSINESS REVOLVING LOAN FUND DOCUMENTS Streetar stated staff reviewed the Bylaws of the BRLF Committee and suggested the following changes be made: 1) change the date of the annual meeting to January each year; 2) three committee members for a quorum, instead of two; and 3.) wording changes in Section 10 on Committee Functions. V?yckoff asked Streetar to explain what the BRLF Committee is about to Kelzenberg, Ericson and Murzyn. Streetar stated the Committee was established years ago to provide a 2% loan to business owners in Columbia Heights allowing them to make improvements to their facility, with loans at a maximum of $25,000. The Committee accepts applications, reviews them, and then presents them to the EDA for final approval of the funding. US Bank in Columbia Heights will administer the payment procedure for the Economic Development Authority Meeting Minutes January 28, 2003 Page 2 of 3 loans. The committee members consist of: Julienne Wyckoff Erv Bednard, Joseph Schmidt, Robert Trewartha and Bob Ruettimann. Staff stated Ruettimann is no longer qualified to be on the committee. Motion by Wyckoff, second by Williams, to approve the revisions to the BRLF Loan Review Committee Bylaws. All ayes. Motion Carried. ADMINISTRATIVE REPORTS INDUSTRIAL PARK REDEVELOPMENT Schumacher stated United Properties and Hoisington Koegler have put together two redevelopment scenarios for City Council review in March. 40TM & UNIVERSITY Schumacher stated the City has purchased the Gas Station and will be demolishing the remaining building and sign to prepare for redevelopment of the site. A number of developers have contacted staff with ideas of fast food, day care or a bank on the property. 4833 University Avenue Schumacher stated staff closed on the property last Thursday. 3929 California Street Schumacher stated City Council approved the sale of 3929 California Street property to Profile Tool. They will be submitting plans to build a new facility and relocate their business. The closing is set from February 17th. Site Plans will go to the Planning & Zoning Commission for review at their March meeting. Nawrocki asked if the alley parking issues have been resolved. Fehst stated he has set up a meeting with Kevin Hansen to discuss the situation. 3710 Central Avenue Schumacher stated staff closed on the purchase of the building this month. There is two business, Don- Mar Wigs and Thomas and Sons that will temporarily stay in the building and pay rent on a month to month basis to the City until the redevelopment of the site. 49th and Central Schumacher state Taco Bell has contacted staff with plans to tear down the building and build a new one on the site. Taco Bell tried to purchase the car wash next to it, to combine the new building with one or two more of their restaurant chains housed in it, but the purchase price became unreachable. Therefore, their plans are to rebuild on their site only. 37TM & CENTRAL Streetar stated the owner of Puerta Vallerta has hired an architect that has prepared a redevelopment plan for the area of 37th & Central, north of the Olive Tree and South of Bobby & Steve's for a 3-story building with 13, 000 sq. ft. of retail on the first floor and 22 units of market rate rental housing on the second and third floors. The units will be 1, 2, and 3 bedrooms with rents from $900 to $1,500 a month. 1036 Gould Streetar stated the owner is closing on a loan this week with repair work starting as soon as next week. Nawrocki requested a list of things that will be done on the property. Economic Development Authority Meeting Minutes January 28, 2003 Page 3 of 3 TIF Deficit Streetar stated after review by staff and Ehler & Associates, it was determined that the City actually has a $1.2 million surplus, not a deficit. Risiw, to New Heiehts Streetar stated the Rising to New Heights Group has a date of April 6, 2003 set for the Housing Fair. They have set a deadline for sign up of February 21st, each booth is 10 x 10, and 40 booths will be available at $200 each. Main Street Pro~ram Streetar stated there is a program called the Main Street Program that he will be presenting to City Council on behalf of the Rising to New Heights Group. The program would help to revitalize the Central Business District. KMART Streetar stated that Herringer has received approval from the other property owners to sell the property for redevelopment and is currently talking to Nedegaard Construction about a plan. DEVELOPMENT GOAL SETTING SESSION Streetar stated, staff will be presenting to City Council the redevelopment goals at their February 18th worksession. The are 1) the Industrial Park; 2) northwest comer of 37th and Central; 3) northeast corner of 39a and Central (Mady's); 4) southwest and southeast corners of 40th and University; 5) northwest comer of 37tn and Stinson Blvd; 6) Kmart; and 7) ]st Lutheran Church owner occupied detached housing. ADJOURNMENT Vice President, Jindra, adjourned thc meeting at 9:47 p.m. Respectfully submitted, Cheryl Bakken Recording Secretary H:\EDAminutes2003\ 1-28-2003