Minutes

of the

Regular Meeting of the

Detroit Lakes Development Authority

Tuesday, February 3, 2009

4:30 PM

City Administration Building

Conference Room

MEMBERS PRESENT:               Jim Anderson, Bruce Imholte, Mark Hagen, Tom Klyve,

MEMBERS ABSENT:                Greg Hildenbrand, Dennis Winskowski, Mary Beth Gilsdorf

OTHERS PRESENT:                  Robert Louiseau, Larry Remmen, Nancy Wichmann, Pippi Mayfield, Bob Bristlin, Roger Winter, Jake Judd, Carol McCarthy        

  I.           CALL TO ORDER:

Chairman Jim Anderson called the meeting of the Detroit Lakes Development Authority to order at 4:30 PM in the Conference Room of the City Administration Building, 1025 Roosevelt Avenue on Tuesday, February 3, 2009.  All members  of the Authority have been duly notified of the meeting and the business to be  transacted. 

 II.           MINUTES:

A motion was made by Commissioner Tom Klyve seconded by Commissioner Bruce Imholte and carried unanimously to approve the minutes of the regular meeting held January 20, 2009.         

III.          FINANCIALS:

None

IV.          OLD BUSINESS:

A.           None

V.           NEW BUSINESS:

A.           Consideration to a request for tax increment financing for redevelopment of the Washington School property and setting a public hearing for TIF consideration         

                Larry Remmen reported that Union Central LLC is requesting tax increment financing for their $2.7 million dollar project to renovate the old Washington School site at 314 Washington Avenue into a 30                 unit senior housing facility.  The $350,000 request is for $150,000 up front and $200,000 on a pay as you go basis over 20 years.   A motion was made by Commissioner Bruce Imholte, seconded
                by  Commissioner Mark Hagen to move forward on the request of Union Central LLC for $100,000 up front and $200,000 on a pay as you go for twenty years, with the brick exterior as shown on
                the elevation along with a personal guarantee from both of the owners.  The Authority discussed various funding options for this TIF project.  The motion was withdrawn and amended by
               Commissioner Bruce Imholte, seconded by Commissioner  Mark Hagen and carried unanimously to order the preparation of TIF documents and a  public hearing for $100,000 up front and $250,000
               on a pay as you go basis for twenty years for a 30 unit apartment with a brick exterior along with a personal guarantee from both of the owners. 

B.           Review of approval of request for proposals for the Crescent Redevelopment Area

                The Authority reviewed the revised RFP for the Crescent Redevelopment Area.  The outstanding issue to be determined is the proposal submission date.  Larry Remmen suggested sometime in early
                June which would give contractors ample time.  A motion was made by Commissioner Mark Hagen, seconded by Commissioner Tom Klyve and carried to accept the RFP for the Crescent
                Redevelopment  Area as presented, with a proposal submission date of Friday, May 1^st  along with a condition that an addendum could be added at the discretion of the Development Authority to
               extend the date of submission if necessary.  Commissioner Bruce Imholte noted for the record that he prefers a longer time period for submission of proposals and expects only one proposal by the
               May 1^st deadline.

C.           Other

                Larry Remmen reported that he received one proposal for the development of the West Lake Drive property.  A meeting of West Lake Drive the sub-committee, consisting of Commissioner
               Tom Klyve  and Commissioner Mark Hagen, will be set up with Wimmers and Larry Remmen.

                The Authority discussed their current loan policy of being a gap financier and the possibility of  developing a different type of loan program for the redevelopment area and for existing store-front                 renovations.  A new type of loan program could be implemented setting different types of qualifying loan criteria to assist with the renovations of storefronts, relocation of businesses and redevelopment                 of the Washington corridor area, as well as the north side as depicted in the RDG report.  Larry Remmen reported he has contacted West Central Initiative regarding such a program.  The
               members agreed to place this on an up-coming agenda.

VI.          Adjournment

                There being no further business to bring before the Board, the meeting was adjourned.                                                                                               

                                                                                                                Signed