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2015.08.05 EDC Packet Combined
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2015.08.05 EDC Packet Combined
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<br />MINUTES <br />New Brighton Economic Development Commission <br />Regular Meeting – June 3, 2015 <br />7:30 a.m. <br /> <br />Members/Liaisons Present: Chair Paul Zisla, Commissioners, D.L. Beach, Monica Garcia-Perez, Al <br />Potter, Mike Murlowski, Bruce Knight, Bob Benke and Councilmember Gina Bauman <br /> <br />Members/Liaisons Absent: Commissioners Kevin Peck <br /> <br />Staff Present: Janice Gundlach- Assistant Director of Community Assets & Development/Planning <br />Director <br /> <br />Call to Order <br />Chairperson Zisla called the meeting to order at 7:30 a.m. <br /> <br />Approval of Minutes <br />Motion by Commissioner Beach, seconded by Commissioner Knight to approve the minutes from the <br />May 6, 2015 meeting. <br /> <br />Approved 9-0 <br /> <br />Report from Council Liaison <br />Councilmember Gina Bauman provided an update on the urban farming/chicken issue. She discussed <br />the items reviewed by the Council at a recent worksession agenda. She appreciated how dedicated staff <br />was in dealing with the water issue. <br /> <br />TIF Management Plan Update <br />Gundlach explained the last time the EDC received a TIF Management Plan update was in 2012. She <br />indicated representatives from Ehlers were present to provide the EDC with a 2015 TIF Plan update. <br /> <br />Jeanne Vogt, Ehlers & Associates, introduced herself to the EDC. <br /> <br />Mark Ruff, Ehlers & Associates, introduced himself to the EDC and reported he worked with the City <br />on both economic development and bond issues. He discussed the value of TIF financing noting it has <br />been around since the 1970’s. He stated his goal was to help public entities to use TIF as efficiently as <br />possible. The current TIF districts within the City were reviewed in detail with the EDC and staff noted <br />which district funds could be pooled. He explained how the City completed interfund loans. He <br />indicated that the City recently completed a bond refunding which will save the City in the long run. <br /> <br />Councilmember Bauman reported that she supported using an influx of unexpected revenue to pay down <br />existing debt versus approving additional purchases. <br /> <br />Mr. Ruff reviewed the proceeds the New Brighton Exchange received. He discussed the life of the <br />City’s obligations and the percentage of tax base in TIF. It was noted that cities had no limit on the <br />amount of TIF it could have. He explained that New Brighton’s TIF level would continue to go down <br />over the years. He provided comment on the tax increment levels and tax rates for surrounding <br />communities. <br /> <br />Chair Zisla commented on how decertifying TIF districts cycles through the City as new TIF districts <br />are created. <br />
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