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HomeMy Public PortalAbout05.17.2022 Work Session Meeting MinutesMEDINA CITY COUNCIL WORK SESSION MEETING MINUTES OF May 17, 2022 The City Council of Medina, Minnesota met in work session on May 17, 2022, at 6:00 p.m. at the Medina City Hall, 2052 County Road 24, Medina, MN. I. Call to Order Members present: Martin, Albers, DesLauriers Members absent: Cavanaugh, Reid Also present: City Administrator Scott Johnson, Finance Director Erin Barnhart, Public Safety Director Jason Nelson, Public Works Director Steve Scherer, Planning Director Dusty Finke, City Clerk/Assistant to the City Administrator Caitlyn Walker, City Attorney Dave Anderson, Heidi Rathmann and Sally Rabban of CommonBond Communities II. CommonBond Communities TIF Request Planning Director Dusty Finke provided a presentation on a proposed 50-unit affordable housing development by CommonBond Communities at the NE corner of Highway 12 and County Road 29. CommonBond projects that a Tax Increment Financing (TIF) district will be necessary to finance the project and has requested a 25-year housing TIF district. Finance Director Erin Barnhart consulted with the City’s Financial Consultants at Ehlers who shared that it is not common for cities to pledge a Housing TIF District at the maximum length of 25-years. Barnhart explained that a financial analysis by Ehlers needs to occur to determine an appropriate TIF district length. Heidi Rathmann from CommonBond Communities presented information about the organization and their plan for this proposed development. Rathmann explained their plan to submit requests for funding from state and federal agencies beginning in June 2022. Rathmann shared that the pool for funding is extremely competitive. She shared that local support of a development makes the application more competitive and asked for Council’s support of the project. Council and staff discussed the need to consider the impact the development would have on public safety coverage. Council provided general support for the development and for providing some financial support for the project. Council directed staff to explore the TIF district and possible fee waivers as potential financial supports. III. Hackamore Road Improvement Update Dusty Finke provided the Council with an update on the planning for street improvements to Hackamore Road along the border of Corcoran and Medina. Staff recommended proceeding with the final road design with a goal of finalizing the design by early 2023. Staff also recommended a 50/50 cost share with Corcoran. Council authorized staff to proceed with the final design, supported the 50/50 cost share with Corcoran, and authorized staff to prepare a memorandum of understanding. VI. Adjournment Martin closed the meeting at 6:59 p.m. _________________________ Kathleen Martin, Mayor Attest: ____________________________ Caitlyn Walker, City Clerk