04-20-2015 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes Page 2 April 20, 2015 ----------------------------- S. Public Hearings S There were no public hearing items scheduled for this agenda. 6.1 Business Subsidy Policy Amendment Mr. Barnhart presented the staff report. Commissioner Provo questioned why the city should care about the type of business and the different rate types as long as they met the same job goals and scored equal or better than the standards of the city's business goals. Mr. Barnhart stated the Finance Committee wanted to have a higher level for businesses that are retail or service-oriented and some of the concerns were the lower paying fast food restaurants who may qualify. Chair Tveite stated one reason the city has tried to attract manufacturing and industry is due to the permanence of the business, whereas retail can be transient. Commission Dwyer concurred. Chair Tveite stated the Finance Committee supported paying 175% of the state, or federal minimum wage. 0 Moved by Commissioner Dwyer and seconded by Commissioner Wagner to recommend to the Councila an amendment to the Business Subsidy Policy as outlined in the staff report paying 175% of the state, or federal minimum wage, whichever is greater. Motion carried 7-0. 6.2 Finance Committee Appointment Mr. Barnhart presented the staff report. Mr. Hardin discussed his background. Commissioner Wagner commented Mr. Hardin is very active in the business community and the Chamber. Moved by Commissioner Westgaard and seconded by Commissioner Wagner to appoint Ryan Hardin to the EDA Finance Committee. Motion carried 7-0. 7.1 Resignation of Executive Director Mr. Barnhart noted this would be his last meeting as he is moving to a position in another city. He stated he enjoyed working with the Commission over the years. • p I N E A E I 1 1 NATURE