06-18-2019 EDC Meeting Minutes - Laserfiche WebLink

Home Browse Search

EDC Minutes June 18, 2019 Page 4 of 7 ----------------------------- Resources. The Crow Wing County HRA is seeking a comprehensive workforce housing market analysis to help communities across the county to find employees and families appropriately priced homes. Solving this challenge not only provides balance in the housing market for the community it also removes one additional challenge for employers needing to attract workers so their companies can grow and expand. The goal of the study is to understand the existing housing inventory, rents and home values, quantify the demand for housing by type and price point, understand present and future demographics and income trends. By providing an accurate and current analysis of housing in Crow Wing County public officials and stakeholders can respond to current needs with appropriate programs, policy and investments to meet the housing needs of residents and employers. Redevelopment Resources seeks to provide the market analysis and recommendations on how to resolve gaps in the market, attract developers and make resources available to facilitate housing needs. They are going to reach out to each city in the county. Ms. Malecha has invited them to the July 16, 2019 EDC meeting to hear feedback on the workforce housing needs of our community. They hope to have the study and an action plan completed by the end of the year. 5. 2020 Economic Development Budqet Ms. Malecha presented the 2020 EDC budget information, which contains the year to date actual, the 2019 budget, the variance befinreen the finro, and a proposed preliminary budget for 2020. She pointed out that the only item is contract services. Ms. Malecha stated the communications manager position from 2019 has been dissolved and the School, City and Chamber decided that the position is no longer needed since the Chamber is doing a lot of the duties for that position. Ms. Malecha would like to redesignate that money for housing redevelopment and marketing. Ms. Haverkamp discussed BLAEDC's need for financial support. She said they need to continue to ask government for support, that they working hard on private sector funding, they need to offer programs for fees, and they are asking several local governments to increase funding. Ms. Haverkamp is asking Pequot to increasing their funding to $10,000 level for 2020 and then a 3% increase in 2021 and 2022. Chair Lindholm inquired about the housing redevelopment and marketing money that is set aside and what will it be used for. Ms. Malecha said that there will need to be a buy in with the Housing Redevelopment Grant as talked about previously. She stated that the Crow Wing County HRA initially said they could possibly offer some funds too but she is unsure of