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HomeMy WebLinkAbout2025-03-10 EDA Meeting Minutes-Special Meeting MEETING MINUTES MAPLEWOOD ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING 5:00 P.M. Monday, March 10, 2025 City Hall, Council Chambers CONCURRENT MEETING WITH THE MAPLEWOOD CITY COUNCIL MANAGER WORKSHOP A. CALL TO ORDER A special meeting of the Maplewood Economic Development Authority (EDA) was held in the City Hall Council Chambers and was called to order at 5:04 p.m. by President Abrams. B. ROLL CALL Marylee Abrams, President Present Rebecca Cave, Vice President Present Kathleen Juenemann, Commissioner Present Chonburi Lee, Commissioner Present Nikki Villavicencio, Commissioner Present C. APPROVAL OF AGENDA Commissioner Juenemann moved to approve the agenda as submitted. Seconded by Commissioner Lee Ayes – All The motion passed. D. APPROVAL OF MINUTES 1. February 10, 2025, Economic Development Authority Special Meeting Minutes Commissioner Cave moved to approve the February 10, 2025 Economic Development Authority Special Meeting Minutes as submitted. Seconded by Commissioner Juenemann Ayes – All The motion passed. E. PUBLIC HEARING None F. UNFINISHED BUSINESS 1. Economic Development Strategy March 10, 2025 Maplewood Economic Development Authority Special Meeting Minutes 1 Assistant Executive Director Parr and Executive Director Sable introduced the agenda item and provided an overview of the topic. Breanne Rothstein, Thrive Consultant, gave the presentation. Commissioners shared ideas and engaged in a brainstorming exercise on EDA values, mission, & vision. No action required. G. NEW BUSINESS 1. Resolution Approving Transfer from EDA General Fund to Future Local Housing Trust Fund Assistant Executive Director Parr gave the staff report. Commissioner Juenemann moved to approve the resolution authorizing the transfer of $300,000 from the Maplewood Economic Development Authority’s general fund to the future City of Maplewood local housing trust fund. Resolution 25-03-0025 RESOLUTION AUTHORIZING TRANSFER OF $300,000 FROM THE MAPLEWOOD ECONOMIC DEVELOPMENT AUTHORITY’S GENERAL FUND TO THE CITY OF MAPLEWOOD LOCAL HOUSING TRUST FUND WHEREAS, Minnesota Statutes, section 462C.16 (the “Act”) authorizes cities to establish a local housing trust fund for the purposes specified in the Act; and WHEREAS, in accordance with the Act, the city of Maplewood (the “City”) has established the Maplewood Local Housing Trust Fund (the “Trust Fund”) by ordinance; and WHEREAS, the Trust Fund will be administered by the Maplewood Economic Development Authority (“MEDA”); and WHEREAS, the Trust Fund may be financed with funds from sources specified in the Act, including appropriations by a local government such as the City or MEDA; and WHEREAS, MEDA wishes to contribute to the Trust Fund to provide a portion of the funds which will be needed to support the housing initiatives implemented by the City and MEDA through the Trust Fund. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Maplewood Economic Development Authority as follows: 1. The Executive Director is hereby authorized and directed to transfer $300,000 from MEDA’s General Fund to the Trust Fund for the purposes authorized by the Act. 2. The Executive Director, the City’s Finance Director and other city staff and consultants are authorized and directed to take all other actions necessary or convenient to effect the intent of this resolution March 10, 2025 Maplewood Economic Development Authority Special Meeting Minutes 2 Seconded by Commissioner Cave Ayes – All The motion passed. H. ADJOURNMENT President Abrams adjourned the meeting at 6:25 p.m. Andrea Sindt, City Clerk March 10, 2025 Maplewood Economic Development Authority Special Meeting Minutes 3