Economic Development Authority Meeting Minutes for January 02, 2008
Mountain Iron Economic Development Authority
Regular Meeting Minutes
January 2, 2008
A meeting of the Mountain Iron Economic Development Authority was called to order by President Tony Zupancich at 5:38 p.m. with the following members present: Barb Fivecoate, Alan Stanaway, Allen Nelson, Andrea Wilson, Bob Voss and Mary Jacobsen. Absent: None. Also present was Executive Director, Craig J. Wainio.
Consent Agenda: A motion was made by Allen Nelson and supported by Barb Fivecoate to approve the consent agenda. Motion passed unanimously by roll call vote.
Public Forum: Ed Roskoski addressed the E.D.A. expressing his displeasure with using T.I.F. for the Lake Country Power project.
Committee and Staff Reports: None.
Old Business: None
Election of Officers:
A motion was made by Barb Fivecoate and supported by Mary Jacobsen to nominate Tony Zupancich for President. Motion passed unanimously.
A motion was made by Mary Jacobsen and supported by Tony Zupancich to nominate Bob Voss for Vice President. Motion passed unanimously.
A motion was made by Tony Zupancich and supported by Barb Fivecoate to nominate Mary Jacobsen for Secretary. Motion passed unanimously.
G Men Proposal: A letter from the “G Men” was discussed asking about purchasing land by the United Electric building for empty container and truck storage. It was the unanimous feeling by the E.D.A. that the United location was too prime of a location for the type of use and that Craig continue to work with them to find a more suitable location.
Audit Proposal: The audit proposal from Walker, Giroux and Hahne was reviewed. A motion was made by Barb Fivecoate and supported by Alan Stanaway to accept the audit/proposal with clarification or omission of page 3, paragraph 2, regarding the E.D.A.’s right to use the report in bond offerings or to reproduce the report. Motion passed unanimously.
T.I.F. Recommendation: David Rasmussen, consultant for Lake Country Power, addressed the E.D.A. regarding their request for Tax Increment Financing for site work. Substantial site work is required at the site for them to build a 35,000 to 43,000 square foot building. Architectural renderings of the building were shown. Craig Wainio shared information regarding the limits of T.I.F. usage. The T.I.F. district would be in effect for 8 to 10 years.
A motion was made by Bob Voss and supported by Barb Fivecoate to recommend to the City Council that they move forward with the project and set the required public hearing for the creation of a possible Tax Increment District for this project and that Craig Wainio continue to work with Lake Country to create a development agreement for the project. Motion passed unanimously.
Grants: Craig Wainio shared that the IRR board approved 2 of our submitted grants which were the Star Homes project and for site preparation for land north of United Electric.
USX Land: Barb Fivecoate asked about the USX land bordering 169 and felt that the EDA should be communicating with them to secure the parcels.
A motion was made by Barb Fivecoate and supported by Alan Stanaway that Craig Wainio, Gary Cerkvenik and Tony Zupancich set up an appointment with USX to discuss the land purchase. Motion passed unanimously.
Barb Fivecoate recommended that development projects be “numbered” when developers request complete anonymity. A motion was made by Barb Fivecoate and supported by Tony Zupancich that a numbering system be enacted. A discussion followed regarding the legality and perception of such a system. The motion was withdrawn. Craig Wainio was requested to forward this information to the city attorney for an opinion.
A motion was made by Bob Voss and supported by Alan Stanaway that the meeting be adjourned. Motion passed unanimously.
President Tony Zupancich adjourned the meeting at 6:10 p.m.
Mary Jacobsen, Secretary