HomeMy Public PortalAbout06.07.2022 Economic Development Authority Meeting Packet
Posted 6/3/22
MEDA AGENDA
Tuesday, June 7, 2022
6:30 PM
Medina City Hall
2052 County Road 24
Medina, MN
__________________________________________________________________
I. Call to Order
II. Roll Call of Commissioners
III. Approval of Minutes
A. January 18, 2022 Meeting
IV. New Business
A. Resolution Adopting Report on 2021 MEDA Activities
B. Resolution Adopting 2023 Budget
C. CommonBond TIF Request
V. Adjourn
MEMORANDUM
TO: Mayor Martin and City Council
FROM: Ron Batty, City Attorney and Scott Johnson, City Administrator
DATE: May 19, 2022
SUBJ: MEDA Meeting June 7, 2022
The Medina Economic Development Authority (“MEDA”) will meet at 6:30 p.m. on Tuesday, June
7, 2022 for its second 2022 meeting. The purpose of the meeting is to conduct certain housekeeping
business and discuss policy direction. The following items will be discussed on the agenda.
Approve Resolution Adopting Report on 2021 MEDA Activities
MEDA must report annually to the city council regarding its activities during the previous year. In
2021, MEDA’s activities consisted essentially of organizational matters and making debt service
payment’s on MEDA’s financial obligations. Staff will provide a brief report for 2021 at the meeting.
Approve Resolution Adopting 2023 Budget
Adoption of MEDA’s 2023 budget will be discussed at the meeting. There are no changes suggested
from the 2022 budget. Staff will provide updated information on TIF District 1-9 at the meeting.
Staff recommends approval of the 2023 budget.
CommonBond TIF Request
The City Council discussed the request from CommonBond at the May 17, 2022 Work Session
regarding a proposed affordable housing proposal. CommonBond Communities has indicated
that their organization would like to pursue an affordable housing project on the property guided
for High Density Residential (HDR) development at the NE of Highway 12 and County Road 29.
The applicant intends to submit requests for funding from Minnesota Housing and various other
agencies for the project, which they project as a 50-unit apartment building with all units to be
reserved for residents at varying levels of affordability. Property will also be platted into a
separate lot and set aside for additional high-density development to meet the minimum density
requirement for the site.
At this time, the applicant projects that Tax Increment Financing (TIF) will be necessary for the
project to be viable after accounting for anticipated funding from other agencies. Staff will bring
forward the preliminary analysis from Ehlers on the TIF request for review and discussion when
complete. Another meeting may be needed on July 5, 2022 to discuss the request based on the
timing of the information from Ehlers and CommonBond.
Set date of next meeting – July 5, 2022 or January 17, 2023
MEDA Meeting Minutes 1
January 18, 2022
MEETING MINUTES OF THE MEDINA
ECONOMIC DEVELOPMENT AUTHORITY
(MEDA)
Tuesday, January 18, 2022
6:30 p.m.
Virtual Meeting
___________________________________________________________________________
The Economic Development Authority of Medina, Minnesota met virtually on January 18, 2022
at 6:30 p.m.
I. Call to Order
II. Oath of Offices/Roll Call of Commissioners –
Members present: Albers, Cavanaugh, DesLauriers, Martin and Reid
Members absent: None
Also present: Executive Director Scott Johnson, Planning Director Dusty Finke, Finance
Director Erin Barnhart, and MEDA Attorney Ron Batty.
III. Approval of Minutes for the June 1, 2021 Meeting Minutes
Commissioner Cavanaugh made a motion to approve the June 1, 2021 EDA meeting minutes.
Commissioner Albers seconded the motion. Roll Call Vote: Albers, Cavanaugh, DesLauriers,
Martin and Reid voted aye.
IV. New Business
A. Election of Officers and Appointment of Administrative Offices for 2022 -
Commissioner Cavanaugh made a motion to approve Kathy Martin as President, Dino
DesLauriers as Vice-President, and Todd Albers as Treasurer for 2022. Commissioner
Reid seconded the motion. Roll Call Vote: Albers, Cavanaugh, DesLauriers, Martin and
Reid voted aye.
B. No changes were recommended for the administrative offices for 2022.
C. Staff requested authorization to prepare the 2023 MEDA Budget for the proposed June
meeting. President Martin made a motion to authorize the preparation of the 2023
MEDA Budget. Commissioner DesLauriers seconded the motion. Roll Call Vote:
Albers, Cavanaugh, DesLauriers, Martin and Reid voted aye.
D. Staff recommended approval of the enabling resolution for 2022 with no changes.
President Martin made a motion to approve the enabling resolution with no changes for
2022. Commissioner DesLauriers seconded the motion. Roll Call Vote: Albers,
Cavanaugh, DesLauriers, Martin and Reid voted aye.
E. Staff recommended authorization to prepare a report to the City Council regarding 2021
MEDA activities. President Martin made a motion to authorize preparation of a report
to the City Council regarding 2021 MEDA activities. Commissioner DesLauriers
Agenda Item #3
MEDA Meeting Minutes 2
January 18, 2022
seconded the motion. Roll Call Vote: Albers, Cavanaugh, DesLauriers, Martin and Reid
voted aye.
V. Old Business
A. Set date of next meeting - The EDA directed staff to set June 7, 2022 as the date for the
next meeting.
VI. Reports
A. No reports were provided by the Commissioners or Executive Director
Adjournment
Commissioner Cavanaugh made a motion to adjourn the meeting. Commissioner Reid seconded
the motion. Roll Call Vote: Albers, Cavanaugh, DesLauriers, Martin and Reid voted aye. The
meeting was adjourned at 6:45 p.m.
_________________________
Kathy Martin, MEDA President
Attest:
____________________________
Scott T. Johnson, MEDA Executive Director
Resolution No. 2022-XX
June 7, 2022
Commissioner ____ introduced the following resolution and moved its adoption.
MEDINA ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2022-XX
RESOLUTION ADOPTING REPORT ON 2021 ACTIVITIES OF THE
MEDINA ECONOMIC DEVELOPMENT AUTHORITY
WHEREAS, the Medina Economic Development Authority (“MEDA”) is a public body
corporate and politic under the laws of Minnesota; and
WHEREAS, MEDA has received and reviewed a report on MEDA’s activities in 2021.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the
Medina Economic Development Authority as follows:
1. The report on MEDA’s activities in 2021 attached hereto is hereby approved and
adopted.
2. Staff is authorized and directed to submit the report to the Medina city council.
Dated: June 7, 2022.
____________________________________
Kathleen Martin, President
ATTEST:
________________________________
Scott T. Johnson, Executive Director
The motion for adoption of the foregoing resolution was seconded by Commissioner _____ and
upon vote being taken, the following voted in favor thereof:
And the following against same:
Whereupon said resolution was declared duly passed and adopted.
Agenda Item #4A
2021 Medina Economic Development
Authority (MEDA) Annual Report
Summary: The Medina Economic Development Authority (MEDA) was formed on September
20, 2011 by the Medina City Council to administer economic development functions for the City
of Medina. The MEDA Board is made up of the Mayor and City Council Members. The
transition of the economic development functions from the City Council to MEDA took place in
2011. The MEDA Board took the following actions in 2021:
At the January 19, 2021 meeting the EDA elected officers, appointed administrative
officers, authorized preparation of the 2022 MEDA Budget, adopted the enabling
resolution, and authorized a report regarding the 2021 MEDA activities.
The second meeting for 2021 was held on June 1st. The EDA passed a resolution
adopting the 2020 MEDA activities report and adopted the 2022 MEDA Budget.
Recommended Action: Adopt the 2021 MEDA Activities Report by resolution and submit to the
City Council.
Commissioner introduced the following resolution and moved its adoption.
MEDINA ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION
NO. 2022-XX
RESOLUTION ADOPTING THE 2023 BUDGET OF THE
MEDINA ECONOMIC DEVELOPMENT AUTHORITY
WHEREAS, the Medina Economic Development Authority (“MEDA”) is a public body
corporate and politic under the laws of Minnesota; and
WHEREAS, MEDA has received and reviewed a proposed budget for 2023.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the
Medina Economic Development Authority as follows:
1. The budget for calendar year 2023 attached hereto is hereby approved and adopted.
2. Staff is authorized and directed to submit the budget to the Medina city council.
Dated: June 7, 2022.
Kathleen Martin, President
ATTEST:
Scott T. Johnson, Executive Director
The motion for adoption of the foregoing resolution was seconded by Commissioner and
upon vote being taken, the following voted in favor thereof:
And the following against same:
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2022-XX
June 7, 2022
Agenda Item #4B
Amount Percentage
101 General Fund 2020 2021 2022 2022 2023 Increase Increase
Actual Budget Budget YTD Budget (Decrease) (Decrease)
EXPENDITURES & OTHER USES:
Legal 498 1,000 1,000 180 1,000 - N/A
Seminars - 200 200 200 - 0.0%
498 1,200 1,200 180 1,200 - 0.0%
Amount Percentage
406 TIF Fund 2020 2021 2022 2022 2023 Increase Increase
Actual Budget Budget YTD Budget (Decrease) (Decrease)
REVENUES
Tax Increment 523,716 452,457 481,999 - 548,846 66,847 N/A
Interest Earnings - - - - - - N/A
523,716 452,457 481,999 - 548,846 66,847 14.8%
** Beginning June 2012 all EDA expenses will be coded seperately from Admin and Council.
Medina Economic Development Association
2023 Budget