Tuesday, December 13, : 00 a. m.

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1 AGENDA REGULAR MEETING NEW ULM ECONOMIC DEVELOPMENT AUTHORITY New Ulm, Minnesota Tuesday, December 13, 216 8: a. m. 1. ROLL CALL. 2. APPROVAL OF MINUTES. 3. NEW ULM ECONOMIC DEVELOPMENT CORPORATION REPORT. 4. EDA DIRECTOR' S ADMINISTRATIVE REPORT. 5. PUBLIC HOUSING PROGRAM. a. Consider resolution approving revised Public Housing Utility Allowance Schedules. b. Consider motion authorizing payment of Public Housing Program claims. 6. ECONOMIC DEVELOPMENT AUTHORITY. a. Consider resolution approving payment of $ 268,475 to the City of New Ulm Capital Improvements Fund Land Acquisition reserves. b. Receive activity report from Child Care Enhancement Program Coordinator. 7. ADJOURNMENT.

2 City of New Ulm Request for Economic Development Authority Action Meeting Date: December 13, 216 Agenda Item Number: 2. Agenda Section: Approval of Minutes Originating Department: EDA Administration Resolution: Prepared By: Housing Coordinator Number of Attachments: 1 Presented By: Housing Coordinator Item: Approval of Minutes from the Adjourned EDA Meeting held on November 15, 216. EDA Staff Proposed Action: Motion by, second by, approving the minutes from the Adjourned EDA Meeting held on November 15, 216. Overview: Primary Issues/Alternatives to Consider: Budgetary/Fiscal Issues: Attachments: Draft meeting minutes November 15, 216

3 November 15, 216 The ADJOURNED MEETING of the New Ulm Economic Development Authority was called to order at 8: a.m. November 15, 216 in the City Council Chambers at City Hall. Roll was called and the following members were present: Commissioners Fix, Guggisberg, Schultz, Schwartz, Wohlers and President Schmitz. Also present were Executive Director Gramentz, Housing Coordinator Bregel and Treasurer Jorgensen. Commissioner Fix made a motion to approve the minutes of the October 11, 216 Regular Meeting. Commissioner Wohlers seconded the motion and all voted aye. Due to the absence of the Economic Development Coordinator, the Authority received a written report on economic development activities in the City ofnew Ulm. The Housing Coordinator reviewed for the Commissioners highlights of the administrative activities during the month of October 216, as follows: Housing Choice Voucher Program She reported that the Housing Assistance Payments disbursements exceeded payments to landlords by $ 1, 215 for the month. HUD Administrative Fee disbursements exceeded expenses by $2 for the month. Total vouchers are at 13 as of October 1, 216. The current waiting list is at 75. Public Housing Program Net assets in the program are $ 639,858. as of October 31, 216. Broadway Haus is fully leased with 54 on the waiting list. The Family Units are fully leased with 54 on the waiting list. EDA Investment pool assets of $468, 21 as of October 31, 216. Construction started on the new spec house at 629 Pfaender Drive. Property Rehabilitation Loan Program Available funds of $329,597 as of October 31, 216. Two loans were paid off and one application is pending. Rental Properties Cash investment assets of $71, 514 as of October 31, 216. Garden Terrace Apartments Garden Terrace has one vacancy. There were two turnovers during the past month and there is one move -out notice pending for December. The waiting list is at 55. Commissioner Wohlers made a motion to accept the Administrative Activities Report. Commissioner Guggisberg seconded the motion and all voted aye. The Housing Coordinator presented a letter received from the Department of Housing and Urban Development ( HUD) with the Public Housing Assessment System ( PHAS) score for the Fiscal Year ending June 3, 216. This HUD notification letter indicates a score of 96% on the indicators assessed and designating the New Ulm EDA as a High Performer. Commissioner Fix made a motion to receive the Public Housing Assessment System score for the Fiscal Year ending June 3, 216. Commissioner Guggisberg seconded the motion and all voted aye. ECONOMIC DEVELOPMENT AUTHORITY MEETING 53 NOVEMBER 15, 216

4 Commissioner Fix offered a motion to authorize payment of the following claims for the Public Housing Program: PUBLIC HOUSING CLAIMS November 15, 216 CLAIMANT AMOUNT PURPOSE City of New Ulm Public Utilities Commission C. Naber & Associates Ecowater Systems River View Sanitation AH Hermel Auto Value Full Service Electric Gag Sheet Metal, Inc. 7, October 216 Expenses 1, Utilities/BH (9/ 1/ 16 to 1/ 3/ 16) Utilities/ 1627 S Minnesota St ( 9/ 1/ 16 to 1/ 3/ 16) 12. October 216 Accounting Service / 18/ 16 Softener Salt/Broadway Haus / 19/ 16 Softener Salt/Family Units November 216 Garbage Service/ BH Supplies Supplies ( 2) Supplies ( 2) 55. Service Call/ 1326 S German St 15. Service Call/ 159 N Minnesota St Supplies HD Supply Interstate PowerSystems Laraway Roofing Menards New Ulm EDA Paape Companies, Inc. Plunketts Pest Control Public Utilities Commission Quality Appliance & Television Retzlaffs Ace Hardware Runnings South Central Painting Von Essen Locksmith Supplies 1, 8. Generator Preventative Maintenance/ BH 254. Roof Repair/Broadway Haus Supplies ( 5) 6. 1/ 1/ 16-12/ 31/ 16 Rental 326 N Broadway Service Call/Broadway Haus # Annual Pest Control/ Broadway Haus 12. November URP/ 132 S German St 128. November URP/ th South St 573. Stove/ Broadway Haus Supplies Supplies 612. Paint/ 1625 S Minnesota St 88. Paint/ 1627 S Minnesota St Service Call/ 1627 S Minnesota St 16, Commissioner Wohlers seconded the motion and all voted aye. The Authority considered a motion to accept quotes and authorize construction of a speculative house on Lot 4, Block 3, Milford Heights First Addition. This item was tabled at the ECONOMIC DEVELOPMENT AUTHORITY MEETING 54 NOVEMBER 15, 216

5 October 11, 216 meeting to allow time to market the recently completed spec house at 633 Pfaender Drive. Staff informed the Authority that there is no purchase agreement in place for the house at 633 Pfaender Drive. After further discussion, Commissioner Wohlers offered a motion to reject the bids. The motion was seconded by Commissioner Guggisberg and all voted aye. The Authority considered a motion approving Request for Proposals ( RFP) for a Comprehensive Community Housing Study and directing staff to solicit proposals. Executive Director Gramentz explained the benefits of having a current Housing Study available for parties interested in doing business in the area. President Schmitz and Commissioner Schultz both attended the recent Community Visioning Session and stated that affordable housing was among the top priorities. After further discussion, Commissioner Schwartz offered the motion, Commissioner Schultz seconded and all voted aye. Commissioner Schultz asked staff to invite a representative from the Community Visioning Session to the Annual Meeting in January to give the Authority an overview on the top priorities that came out of their meetings. A.M. There being no further business to come before the EDA the meeting was adjourned at 8: 21 Jason Wohlers, Secretary ECONOMIC DEVELOPMENT AUTHORITY MEETING 55 NOVEMBER 15, 216

6 City of New Ulm Request for Economic Development Authority Action Meeting Date: December 13, 216 Agenda Item Number: 3. Agenda Section: NUEDC Report Originating Department: EDA Administration Resolution: Prepared By: Housing Coordinator Number of Attachments: 1 Presented By: NUEDC Coordinator Item From the New Ulm Economic Development Corporation Coordinator regarding activities during the month of November, 216. EDA Staff Proposed Action: Motion by, second by, accepting the New Ulm Economic Development Corporation Coordinator' s report regarding activities during the month of November, 216. Overview: Primary Issues/Alternatives to Consider: Budgetary/Fiscal Issues: Attachments: NUEDC Report

7 New Ulm Economic Development Corporation Coordinator' s Activity Report 11/ 1/ 16 11/ 3/ 16 DETAIL ITEMS: Participate in the Chamber of Commerce Community Visioning event to explore areas New Ulm could grow and improve. Communication with Tony Boelter of Kraft Heinz concerning Kraft Heinz' s need for warehouse space. Mr. Boelter wanted to know if the former Target building would be available. Mr. Boelter was informed that was a City Council decision. He was given contact information for Target. Communicate with Jim St. Peter of Firmenich regarding potential incentives related to their proposed expansion. Communication with John Illkman of 3M regarding new hires 3M has recently brought on. Mr. Illkman also provided an update of their recent growth. Communications with Randy Horejsi of Horejsi Graphics regarding their possible expansion in New Ulm. Provided information on non-traditional financing options and information on available buildings and buildable lots. Communication with John Gag, of Gag Sheet Metal and Roofing regarding growth potential and available buildings. Participate in the monthly meeting of the Brown County Planning Commission. Make a presentation to the adult Network New Ulm regarding the economic health of New Ulm and some potential trends that may affect the communities economic health. Meet with Dan Stratman (twice) regarding his plans to open a meat market in New Ulm. Reviewed potential sites. With Brian Shopshire of Citizens Bank, reviewed what the Bank would require to consider a loan. Also reviewed details of SBA 54 financing and potential of a signage grant. Reviewed next steps needed to be completed to move the project on. Participate in the Career Fair planning group. The group started it' s planning for the April 5, 217 Career Fair. CALLSNISITS WITH LOCAL BUSINESSES: John Illkman of 3M, John Gag of Gag Sheet Metal and Roofing Tony Boelter of Kraft Heinz, COMMUNICATIONS WITH POTENTIAL NEW BUSINESSES: Statman who is looking to open a meat market, Randy Horejsi of Horejsi Graphics who is looking to expand in New Ulm Dan MEETINGS/ CONFERENCES: New Ulm Community Visioning, Brown County Planning Commission, Adult Network New Ulm, Career Fair planning group

8 City of New Ulm Request for Economic Development Authority Action Meeting Date: December 13, 216 Agenda Item Number 4. Agenda Section: EDA Director' s Administrative Report Originating Department: EDA Administration Resolution: Prepared By: Housing Coordinator Number of Attachments: 1 Presented By: Housing Coordinator Item: From EDA staff regarding Administrative Activities during the month of November 216. EDA Staff Proposed Action: Motion by, second by accepting the Economic Development Authority Administrative Activities for the month of November 216. Overview: Monthly Staff Reports Highlights: Section 8 ( pp. 1-5) pp. 1-2 Note 11 Vouchers for the month of November. Housing Assistance Payments ( HAP) payments to landlords exceeded disbursements from HUD by $ 1, 28 for the month. Monthly HUD Administrative Fee (AF) program disbursements exceeded expenses by $ 1, 445 for the month. pp. 3-4 Note HAP and AF unaudited balances as of November 3, 216. p. 55 Note 98 Vouchers as of December 1s` and Waiting List of 73. Public Housing (pp. 6-9) pp. 6-7 Note monthly and year-to-date program activity. As of November 3'', program revenues have exceeded expenditures by $6, 938. Note cash assets summary. 88 Broadway Haus is fully leased with 53 on the Waiting List. p_9 Family Units are fully leased with 52 on the Waiting List. HUD performed a remote monitoring review to evaluate our compliance with federal labor standards requirements. There were two findings. Staff submitted the required corrective actions and the review has now been closed. EDA (p. 1) Note revenues and expenditures status, and cash assets of $461, 17. Property Rehabilitation Loan Program (p. 1 l) Note available funds of $337, 184. as of November 3th. One application is still pending. One new application was received and denied. Rental Properties ( p. 12) Note revenues and expenditures status and cash assets of $72, 654. Garden Terrace Apartments (pp ) Total Cash $ 919, 4 Total Current Liabilities $ 94, 47 Monthly Income $ 73, 172 Monthly Expenditures $ 31, 34 Net Income ( Before Depreciation) $ 41, 868

9 Garden Terrace has 86 units leased with 64 on the Waiting List. Garden Terrace currently has two vacancies. There was one turnover during the past month and one move -out notice has been received for January. Primary Issues/Alternatives to Consider: Budgetary/Fiscal Issues: Attachments: EDA Director' s Administrative Report

10 SECTION 8 HOUSING CHOICE VOUCHER PROGRAM November 216 and Preceding 12 Months Month Number of Vouchers Leased -Up Housing Assistance HUD Disbursements Payments EDA Payments Administrative Fee HUD EDA Disbursements Expenses November , , 341 4,748 3, 33 October , , 746 4, 72 4, 7 September , , 291 5, 146 6, 633 August , , 2 4, 72 3, 29 JulV , , 89 4, 7 4, 536 June , , 35 5, 564 3, 4 May , ,413 4, 627 3, 385 April , , 772 4, 848 5, 294 March , 69 24, 94 4,438 3, 674 February , , 91 4,438 3, 552 January , , 686 4,282 3, 29 December , ,483 4, 282 2, 689 November , $ 27, , , 653 Page 1

11 SECTION 8 HOUSING CHOICE VOUCHER PROGRAM a o A OA6 Z A ZEA A A} a9 acch an dove o1y 2 A A o St be s tec 7, 6, 5, LLdd 4, wa oadmin. 3, Disbursements Ma c 2, Admin. Expenses E v 1, 6 6 beti2 Ppci\ 2\ 6 6 ay2\ 6 lvcl 2 \ llxxl \ ao over 6Pug14 becz\ 6 oclobev ION 6 ep' p en 35, 3, E 25, a 2, DHAP Disbursements Y m 15, y HAP Expenses QH 1, S 5, ' x o Page 2 29epeobec J)\ 5} 2 2\ 6 \ 6 W"Sv Vk6 PQc may 2\ 6} 1 VX(3 VX6 Doe jllm o stzs PC& b" 2 o" O' e, Z bei ti\ 6 ove4'

12 New Ulm Economic Development Authority Section 8 Housing Choice Voucher Program Housing Assistance Payments Fiscal Year Revenues Over/(Under) Month HAP Revenue HAP Expenditures Vouchers Expenditures Forward 6/ 3/ 16 REAC Filing/Audit 5, 18 7/ 16 25, , , 69) 8/ 16 26,299 29,2 13 2, 721) 9/ 16 29, , / 16 3, , , / 16 28, , , 28) FY CURRENT BALANCE ( Unaudited) $ 244 HUD Held Reserves $ 14,364 Total Reserves $ 14,68 Page 3

13 New Ulm Economic Development Authority Section 8 Housing Choice Voucher Program Administrative Fees Fiscal Year Revenues Over/(Under) Month AF Revenue AF Expenditures Vouchers Expenditures Forward 6/ 3/ 16 REAC Filing/ Audit 14, 25 7/ 16 4, 7 4, / 16 4, 72 3, , 412 9/ 16 5, 146 6, , 487) 1/ 16 4, 72 4, / 16 4, 748 3, , 445 FY CURRENT BALANCE (Unaudited) Page 4

14 ec STATUS OF THE SECTION 8 HOUSING CHOICE VOUCHER PROGRAM ( HCV) As of December 1, 216 Total HCV Available County HCV Port Out HCV Total HCV on Program New On Program Off Program Shop Mode HCV Issued Not Used Waiting List December November October September August July June May Aril March February January December Total Total HCV' HCV' ss that that are are available available for for 11 year year ( ( xx 12) 12) Total Total HCV' HCV' ss available available from from 1/ 1/ 1/ 1/ / 12/ 31/ 31/ ( ( xx mo) mo) Total Total HCV' HCV' ss used used from from 1/ 1/ 1/ 1/ / 12/ 31/ 31/ % *.-- Total Available 8 Total on Program 6 Issued Not Used 4 I1 Waiting List 6 6 l, Page 5

15 PUBLIC HOUSING PROGRAM November 216 and Preceding 12 Months MONTH MONTHLY PROGRAM ACTIVITY YEAR-TO- DATE PROGRAM ACTIVITY Revenues Expenditures Revenues Expenditures November , , 72 92, ,258 October , , , , 538 September , 411 2, 8 54, 61 49, 76 August , , , , 96 July , $ 11, , $ 11, 345 June , , 232 3, , 957 May , 43 21, , , 725 April , , , , 81 March , , , , 673 February , , , , 597 January , 4 18, 23 23, , 928 December , 61 26, , , 95 November , $ 16, , $ 155, 112 Public Housing Program Cash Assets SummM (as of November 3, 216): Checking Account: $ 642,497.9 ( current interest rate. 51%) Page 6

16 pt pt PUBLIC HOUSING PROGRAM 5, 5, 45, 45, 4, 4, Revenues Expense 35, 35, 3, 3, EE 25, 25, cc 2, 2, ;, ;, 15, 15, 1, 1, 5, 5, p S tis b tib ti ti ti ti ti 1 ti ti 1 LO LO, y, ti LO, LO O, y, ti, ti LO, y, ti roots ak tib 5 35, 35, o Revenues 3, 3, 25, 25, 2, 2, TT ww aa Expenses 15, 15, b ( ( b do do do, yo yo do do do, o do yo do, yo ti(o mm 1, 1, 5, 5, md pp ww Page Page 77

17 PUBLIC HOUSING - BROADWAY HAUS December 1, Total Units: 38 one -bedroom, 2 two- bedroom New Ulm Economic Development Authority - Public Housing Authority Date Total Leased Expected Lease Date No. on Waiting List December November October September August July June May Aril March February January December No o No, o No, o No, o, o, o ^ b, o o ti ti ti ti ti ti ti ti ti ti ti ti ti p A, e,\ e` e` Je 4o P19 J PJgJQ e O Units Units Leased Leased Waiting Waiting List List Page Page 88

18 PUBLIC HOUSING - FAMILY UNITS December 1, Total Units: 2 two- bedroom, 6 three- bedroom and 2 four-bedroom New Ulm Economic Development Authority - Public Housing Authority Date Total Leased Expected Lease Date No. on Waiting List December November October November 1, September October 1, August July June May Aril March February January December No No ^ o b o ^ o No ^ o No No N6 N6 ^ o ti ti ti ti ti ti ti ti ti ti ti ti ti Z' 6 6 c a J a e ee _ Units Leased Waiting List Page 9

19 roe EDA FUND ( ADMINISTRATION) d m m 9% 8% 7% 6% 5% 4% 3% 2% 1% % Revenues a Expenditures EDA FUND ( CASH ASSETS) 6, Vl d W a c d E N i 5, 4, 3, 2, 1, O. O. O. O. O. O. O. o ti ti ti ti ti ti ti ti ti ti ti ti ti z p Page Page 1 1

20 EDA Sheet NEW ULM ECONOMIC DEVELOPMENT AUTHORITY ( EDA) COMMERCIAL PROPERTY REHABILITATION LOAN PROGRAM December 13, 216 Original Current Loan Programs/Programs Description Program Period Loans Balance # Loans Balance Residential Property Rehabilitation Loans July April , $. Loans made by the New Ulm HRA utilizing Community Development Block Grants Commercial/ Residential Property Rehabilitation Loans Sept Sept , Loans made by the New Ulm HRA utilizing repayments from original Residential Property Rehabilitation Loans and private lender funds. Commercial Property Rehabilitation Loans Oct Present 79 1, 32, , Loans made by the New Ulm HRA and EDA utilizing repayments from previous property rehabilitation loan programs and private lender funds. Reconciled Balance as of 11/ 3/ 16 Total 111 $ 1, 561, $ 2, Other Information A. Current Program Status Number of Loans 79 Principal value of EDA loan funds 1, 32, Principal value of private lender loan funds 1, 32, TOTAL principal value of loans 2, 65, 87. B. Available EDA Funds available for the loan program as of Nov 3, , 184. C. Miscellaneous Page Page 11 11

21 bec ogx e'cc' RENTAL PROPERTIES FUND % 1% d na 8% m' 6% 4 Revenues w-- Expenditures 4% 2% % at9a<or Pp a1 Jv e a 5 Pa9` er` ce. sep o Qe 74, 73, 72, W7 CL 3 a E N d 71, 7, 69, 68, 67, 66, 65, 64, 63, ro Nb Nb Nb b ro NCO o yo pyo o do do yo o pyo rp do rp 5e Page 12

22 e1 1lp 116, GARDEN TERRACE 1,, 9, 8, o Cash Current Liabilities 7, 6, s 5, u 4, ca 3, 2, 1, a` h o. a T ` rlf, G b Nb Nb 1p. aj Nrb^ Nb Nb r1p aq O Geooe x. 8, 7, 6, E3 Income Expenses Net Income 5, 4, R m 3, 2, 5 1, 2 O O If, 1p A O O LO O O O O O to Net Income Before Depreciation: $ 41, 868 Page 13

23 GARDEN TERRACE APARTMENTS December 1, Total Units New Ulm Economic Development Authority Date Total Leased No. on Waiting List December November October September August July June May Aril March February January December o, o o o o, o, o, o o o Nb o o o pyo o o do, yo o o o pyo pyo o Jye e` p v s Units Leased 5 4 t Waiting List Page 14

24 City of New Ulm Request for Economic Development Authority Action Meeting Date: December 13, 216 Agenda Item Number: 5. a. Agenda Section: Public Housing Program Originating Department: Housing Administration Resolution: Yes Prepared By: Housing Coordinator Number of Attachments: Presented By: Housing Coordinator Item: Consider resolution approving revised Public Housing Utility Allowance Schedules. EDA Staff Proposed Action: Motion by, second by, offering the resolution, waive the reading, approving revised Public Housing Utility Allowance Schedules effective March 1, 217. Overview: Occupants of Public Housing pay 3% of their adjusted income for rent and utility costs. Residents of the family units are responsible for the payment of all utilities and Broadway Haus only for their electric bill. In order to determine the average utility costs that residents have to pay, we review their utility usage for the last year and calculate the average usage at current prices. This amount is then subtracted from the tenant' s rent ( 3%) in order to provide them with funds to pay for their utility bills. Staff completed the annual review of the Public Housing Utility Allowance schedules. Staff proposes no change for Broadway Haus and a slight decrease for the Family Units. The comparison list of current and revised (effective March 1, 217) allowances are as follows: Broadway Haus Current Revised 1 Bedroom $ 3. $ 3. 2 Bedroom $ 35. $ 35. Family Units Current Revised 2 Bedroom $ 153. $ Bedroom $ 182. $ Bedroom $ 231. $ 193. Primary Issues/Alternatives to Consider: Budgetary/Fiscal Issues: Attachments:

25 City of New Ulm Request for Economic Development Authority Action Meeting Date: December 13, 216 Agenda Item Number: 5. b. Agenda Section: Public Housing Program Originating Department: Housing Administration Resolution: Prepared By: Housing Coordinator Number of Attachments: 1 Presented By: Housing Coordinator Item: Consider motion authorizing payment of Public Housing Program claims. EDA Staff Proposed Action: Motion by, second by, authorizing payment of Public Housing Program claims for December 13, 216 and order filed. Overview: Bills submitted to the Authority for payment total $23, Primary Issues/ Alternatives to Consider: Budgetary/Fiscal Issues: Attachments: Public Housing Program Claims December 13, 216

26 PUBLIC HOUSING CLAIMS December 13, 216 CLAIMANT AMOUNT PURPOSE City of New Ulm 6, November 216 Expenses Public Utilities Commission 2, Utilities/BH ( 1/ 3/ 16 to 11/ 1/ 16) Utilities/ 1625 S Minnesota ( 1/ 3/ 16 to 11/ 1/ 16) C. Naber & Associates 12. November 216 Accounting Service Ecowater Systems / 15/ 16 Softener Salt/Broadway Haus / 16/ 16 Softener Salt/Family Units River View Sanitation December 216 Garbage Service/ BH Design Home Center, Inc. 6, Flooring/ 1627 S Minnesota St 3, Flooring/ 1625 S. Minnesota St Replace Stair Treads/ 1625 S Minnesota St Gag Sheet Metal, Inc. 4. Furnace Cleaning/Family Units Supplies Gopher State Fire Equipment Co Annual Fire Extinguisher Check/ Broadway Haus HD Supply Supplies ( 3) Klassen Mechanical Supplies Annual Fire Extinguisher Check/ Family Units Kraus Lawn Care 3. Lawn Mowing/ 1625 S Minnesota St Menards 144. Supplies ( 6) Nan McKay and Associates, Inc Annual Subscription Fee - ACOP Updates Plunketts Pest Control 1, Annual Pest Control/ Family Units Public Utilities Commission 94. December URP/ 132 S German St 128. December URP/ th South St Retzlaffs Ace Hardware Supplies ( 2) Rodney Lambrecht Construction 1, 12. Replace Living Room Ceiling/ 1627 S Minnesota 245. Repair Bathroom Drywall/ 1627 S Minnesota St Runnings Supplies 18. Repair Drywall/ 1625 S Minnesota St Von Essen Locksmith Service Service Call/ 1625 S Minnesota St Wood -N -Windows Repair 2 Screens/ 1625 S Minnesota St Repair Table/ Broadway Haus Community Room 23,

27 City ofnew Ulm Request for Economic Development Authority Action Meeting Date: December 13, 216 Agenda Item Number: 6. a. Agenda Section: Economic Development Authority Originating Department: EDA Administration Resolution: Yes Prepared By: Heather Bregel Number of Attachments: Presented By: Heather Bregel Item Consider resolution approving payment of $268,475 to the City of New Ulm Capital Improvements Fund Land Acquisition reserves. EDA Staff Proposed Action: Motion by, seconded by, offering the resolution and waive the reading, approving payment of 268,475 to the City of New Ulm Capital Improvements Fund Land Acquisitions reserves. Overview: The City of New Ulm loaned the EDA $297,99 from the Capital Improvements Fund Land Acquisition reserves toward the purchase of the Eagle Division parcel from Independent School District No. 88 on November 7, 26. This land was developed into the Milford Heights Affordable Housing Subdivision. Primary Issues/Alternatives to Consider: The EDA utilized the proceeds from a property sale in the amount of $29,515 in 214 to make a payment to the City toward this loan. The current loan balance is $ 268, 475. The City is investigating potential opportunities to acquire property for future industrial park needs and identifying possible financial resources to pay for this project. The EDA has expressed a desire in becoming more involved in Economic Development activities. Repayment of this loan would provide the City with a portion of the financial resources needed to acquire land for a future industrial park. Budgetary/Fiscal Issues: Staff recommends transferring $268, 475 from the Garden Terrace fund into the EDA fund to cover the loan payment. Attachments:

28 City of New Ulm Request for Economic Development Authority Action Meeting Date: December 13, 216 Agenda Item Number: 6. b. Agenda Section: EDA Administration Originating Department: EDA Administration Resolution: Prepared By: Heather Bregel Number of Attachments: 1 Presented By: Heather Bregel Item: Receive activity report from Child Care Enhancement Program Coordinator. EDA Staff Proposed Action: Motion by, seconded by, receiving activity report from Child Care Enhancement Program Coordinator. Overview: On June 14, 216, the EDA authorized a match for a Southern Minnesota Initiative Foundation ( SMIF) grant in the amount of $1, 752 to be used for daycare training/licensing in Brown County. The Sleepy Eye and Springfield EDA' s also provided some of the needed matching funds in the amounts of $468 and $ 28 respectively. Rebecca Triplett has been hired by the United Way as the Child Care Enhancement Program Coordinator. Commissioner Schultz asked staff to invite Ms. Triplett to an upcoming EDA meeting to update the board on her efforts. Due to a scheduling conflict, she is unable to attend in person, but will submit a written report summarizing her activities. Primary Issues/Alternatives to Consider: Budgetary/Fiscal Issues: Attachments: To be provided at EDA meeting.