04-12-1999 EDA MIN - Laserfiche WebLink

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e e e EDA Minutes April 12, 1999 Page 2 increment from District 19 be used to reimburse the development fund for this cost. Commissioner Klinzing questioned why the city is purchasing industrial property. She indicated her concern that the city not be in competition with private business park property owners. She stated that the use of TIF funds to purchase this property is premature as the city does not know the amount of increment to be generated. She further indicated that there are higher priorities for the use of TIF funds such as public improvements. COMMISSIONER BENDER MOVED TO AUTHORIZE STAFF TO PROCEED WITH THE PURCHASE OF THE BROWN AND KIRKEIDE PROPERTY AT THE PURCHASE PRICE AND METHOD AS INDICATED IN STAFF MEMO DATED APRIL 8, 1999. COMMISSIONER GONGOLL SECONDED THE MOTION. Commissioner Klinzing indicated that she will vote against the motion as she believes the city is moving too quickly. She stated that it would be best if the property were purchased by a private developer. THE MOTION CARRIED 6.1. COMMISSIONER KLINZING VOTED AGAINST THE MOTION. Sa. T1F19 Paul Steinman stated that staff is continuing to negotiate the details of the redevelopment agreement with Associated Developers for redevelopment of the former Hohlen Mobile Home Park and construction of the East Business Park. 6. Post Office Relocation Paul Steinman indicated that the postal service has rejected all sites from further review with the exception of a parcel of property located at the northeast corner of the intersection of County Highways 12 and 13. Following discussion it was the consensus of the EDA to reaffirm its position regarding its desire to see a retail facility maintained in its current location or another location within the Central Business District. The EDA authorized staff to send a letter to the United Postal Service explaining its position and also to have a couple of EDA members personally meet with representatives of the postal service to discuss this matter. 7. Mark Rothfork - Micro Loan Reauest Paul Steinman stated that Mark Rothfork of Ultra Image Powder Coating has requested a micro loan in the amount of $65,000. He reviewed the details of the request and indicated that the EDA Finance Committee recommended approval of the micro loan request of $65,000. Mark Rothfork was present and stated his reason for requesting a loan from the micro loan fund.