02-13-2006 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes February 13, 2006 Page 4 President Gongoll asked fox clarification on former eligible properties in the Central Business District, and what might be considered for rehabilitation. Ms. Mehelich explained that since the HRA is currently developing a plan for the downtown azea north of Highway 10 which will not be completed for six months, staff did not want to include this azea at this time. Commissioner Fazber stated he did not see why the EDA would not want to include this area as eligible for the Redevelopment Financing. Cotmmissioner Morin stated that he felt it would be premature at this time. He felt that they do not want to encourage rehabilitation or redevelopment until a plan for the area is in place. Commissioner Dwyer asked if any areas have been designated for preservation, since those owners may wish to participate in the process. Commissioner Morin stated that no designations have been made. He noted that the HRA is in agreement that the residential area east of Irving will not be touched, other than to rehabilitate the housing. Also, he noted that the azea between Irving and the west side of Jackson is, at this point, open for redevelopment. Stewart Wilson, HRA Chair, stated that it is then intent to work on this area together with the EDA and Heritage Preservation Commission, so that the end product will be something they all can have a part in and be proud of. Commissioner Klinzing concurred with Mr. Wilson's comments. She felt that the EDA should allow the process to continue, and that if in the future the HRA sees a need for the EDA's assistance, they certainly should make them awaze. President Gongoll asked for clarification on Commissioner Motin's comment in the Finance Committee minutes regarding making the process more "transparent". Commissioner Moon explained stated that they would like to know up front if an applicant is requesting more than one type of public financing, so that one `But For" analysis can be completed. Ms. Mehelich stated that she would like the HRA and HPC to review the program amendments in regazd to the downtown and then present the final revised document to the EDA at their next meeting in March. 8. Consider Lease with Nextel for EDA Prop Community Development Director Scott Clark explained that the City has been negotiating an agreement with Nextel to locate a cell tower next to the Public Safety building. Since the EDA was the issuer of the lease purchase bond, the EDA will need to sign the Nextel lease since they aze technically the owners of the property. The City will also be a signer since some of the property is not under the EDA title. Commission Klinzing questioned how the rent price was established. Mr. Clazk stated that City Administrator and City Attorney are negotiating the lease and that it will be at market rate. Commissioner Tveite referenced Section 15. -Assignment and Subletting, stating that he would suggest the EDA/City have the right to review a proposed subletting, so that they at least know who the prospective tenant is. Under Section 4, last sentence in the paragraph, he suggested that the words "be increased" be included to allow the option to increase the