2017.09.06 EDC Minutes SIGNED - Laserfiche WebLink

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MINUTES New Brighton Economic Development Commission Regular Meeting — September 6, 2017 7:30 a.m. Members/Liaisons Present: Chair Paul Zisla, Commissioners Bob Benke, Emily Dunsworth, Rachel Nelson, Kevin Peck, Mike Murlowski, Harry Carter and Graeme Allen Members/Liaisons Absent: Commissioners Monica Garcia -Perez Staff Present: Janice Gundlach-Assistant Director of Community Assets & Development/Planning Director, Brenda Davitt-Finance Director, Gina Krahn-Assistant Finance Director and Councilmember Gina Bauman Also Present; Jason Aarsvold, Ehlers Call to Order Chairperson Zisla called the meeting to order at 7:30 a.m. Approval of Agenda Motion by Commissioner Benke, seconded by Commissioner Carter to approve the agenda as presented. Approved 8-0 Asprova1 of Minutes Motion by Commissioner Carter, seconded by Commissioner Murlowski to approve the minutes from the August 2, 2017 meeting. Approved 8-0 Report from Council Liaison Councilmember Bauman provided the EDC with an update from the City Council. She explained the Council has been discussing the preliminary budget and tax levy. She reported the Council had agreed to purchase the Korean Church property and the City Attorney was working on a purchase agreement. Gundlach provided further information to the EDC on the purchase of the Korean Church and stated a 45 day due diligence period would occur in order for environmentals to be completed. She noted the goal would be to close on the property prior to the end of the year. Gundlach then provided the EDC with an update on the Comprehensive Plan noting staff had received a great deal of feedback from the public during Stockyard Days. She encouraged the public to complete a survey available on the City's website. Tax Increment Financing Management Plan Update Gundlach reported in July of this year, the City's public finance consultant Ehlers completed an update to the City's Tax Increment Financing (TIF) Management Plan. This document is a comprehensive review of all the City's TIF districts and their overall financial health. As has become customary over the last few years, staff requested Ehlers to attend September's meeting to walk Commissioners through the Executive Summary of the plan and answer any questions the Commission may have. She noted the City's Finance Director was also in attendance.