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EDC Minutes <br /> May 19, 2020 <br /> Page 5 of 8 <br /> ----------------------------- <br /> Commissioner Lubke asked if they should start the project without funding in <br /> hopes that they get funding later on. Ms. Leverson does not recommend <br /> reimbursing for the project and she does not believe it is a reimbursable project <br /> but she will check on that. <br /> Chair Lindholm stated that since they have a $5,000 he would like to know what <br /> our current budget situation is for the EDC. Ms. Malecha stated that in the 2020 <br /> budget under contract services that EDC did earmark some money in the amount <br /> of$10,700 for redevelopment and marketing, which they could potentially tap into <br /> for this as she believes no money has been expended fro��;#hat item yet. <br /> �,. <br /> � , °° <br /> COMMISSIONER HOLLEY MOVED TO APPROVE� �E USE OF $5,000 FROM <br /> f���,;� <br /> CONTRACT SERVICES EARMARKED FOR R��; ���,MENT AND <br /> MARKETING 2020 BUDGET TO APPLY FOR �� BU �-„ S <br /> DEVELOPMENT PUBLIC INFRASTRUCTUi�E�B�PI) FU � G <br /> ASSISTANCE GRANT. COMMISSIONEI�LELWICA SECOf� �� THE <br /> MOTION. MOTION CARRIED 7-0. � ��� s� <br /> �� <br /> 4.3. Tax Increment Financing District � ��� <br /> Jason Murray stated that the��ve to look at the��mall city exemption under the <br /> economic development TIF lav������ ort commerci�t development up to 15,000 <br /> �,� <br /> square feet. He stated the Xcel {�o�'�'� �`��e,ss than 1�,Ofl0 square feet and from <br /> that standpoint he thinks it still all�vved t�����o support infrastructure funding <br /> or being an avenue to support infr��r���ire�fo�i:� business part and using a <br /> portion to help pay fnr�his improve�t. He stat�ii they have some flexibility to it <br /> and it is just a matter of tying it all to tt�tax base to hit the tax capacity. He <br /> discussed timing and having 30 day no�ce,requirement and that it takes about 45 <br /> days to establish a TIF dis#rict. He asked�he EDC Commission if they can <br /> resche�iule the conversation�o"the d�r�e meeting where he will have a little more <br /> h- f ���� <br /> tlt'Y������$�,USS t}'t��OPIC. <br /> 5 h��lcominq Corfi��ity Ad�ioicacv Group Update <br /> _ � ,� ,, <br /> Na�'`��Vlalecha rerr�t�ded the EDC Commission that region five is hoping to start <br /> up th��yvelcomin�,�community advocacy group starting in June and start <br /> reaching��to th�people that they have earmarked to serve on that group. She <br /> reminded t���t��t she still needs contact information for some of the people <br /> ,,, <br /> that they had��ted to serve on the group. She asked to have that information to <br /> her by the er�ii of next week, <br /> 6. HousinQ Update <br /> Mark Jurchen informed the EDC that the housing inventory is completed and <br /> they identified about 160 parcels in the core area. He said that is an area with <br /> either sewer or water and then the other classification primarily are those within a <br /> very short distance or within the core area that do not have sewer or water but do <br />