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MINUTES <br />ECONOMIC DEVELOPMENT COMMITTEE <br />SEPTEMBER 21, 2010 <br />MEMBERS PRESENT: Cindy Rieck, Ed Larsen, Tommy Woog, Patrick Smith, and <br />Mark Jurchen <br />ALSO PRESENT: Sandy Peine, City Clerk; Dawn Bittner, Zoning <br />Administrator; and Ruth Ann Hansen, Chamber of <br />Commerce; John Gunstad, BLADC; Sheila Haverkamp, <br />BLADC; Paul Steinman, Springsted <br />1. Call Meeting to Order <br />The meeting was called to order by Chair Larsen at 8:00 a.m. <br />2. Approval of Minutes <br />MOTION BY PATRICK SMITH TO APPROVE THE 8/17/10 EDC MINUTES. <br />SECONDED BY MARK JURCHEN. MOTION CARRIED 5 -0. <br />3. Business Subsidy Policy <br />Sheila Haverkamp reviewed the statutory requirements for a business subsidy plan. She <br />noted that a plan must have a public purpose, project qualifications, and meet a set of <br />criteria. <br />Points of Discussion <br />1. Do not be specific regarding whether the subsidy is tax increment or <br />abatement, but define business subsidy as an array of tools to use. <br />2. The City itself can use tax abatement for infrastructure. <br />3. Should the policy be more generic when considering a project so that the <br />project and subsidy can be determined on a case by case basis, or should the <br />policy be more specific? The purpose of the policy is to determine what we <br />need or are lacking in Pequot Lakes. <br />4. Tommy Woog would like to use the tools to maximize existing infrastructure. <br />Caution — Don't make the policy so restrictive that it would prevent the City <br />from providing assistance to a project the City may want to consider. <br />5. Suggested having a map identifying infrastructure and indicating what state <br />`, the infrastructure is in. <br />