3. Draft EDA Minutes 06 13 2022Scandia Economic Development Authority
14727 209th St. N., Scandia, Minnesota 55073
Phone : (651) 433 -2274 | Fax: (651) 433-5112 |Web: www. cityofscandia.com
CITY OF SCANDIA
ECONOMIC DEVELOPMENT AUTHORITY
DRAFT MEETING MINUTES
Monday, June 13, 2022 at 6:30 P.M.
Location: The Scandia Community Center, 14727 209th Street N
Online Streaming Via Boxcast and Zoom
Attendance: Vice President Heather Benson, Commissioner Brad Borg, Commissioner Sue Dickens,
and Commissioner Mike Lubke.
Absent: President Greg Amundson.
Call to Order – The meeting was called to order by Benson at 6:38pm.
Approval of Agenda – Motion by Lubke, seconded by Benson to approve the agenda. Motion
carried.
Approval of Minutes – Motion by Lubke, seconded by Benson to approve the May 9, 2022 meeting
minutes. Motion carried.
Director’s Updates and Financial Report – Cammilleri presented the financial reports for both April
and May, as no meeting was held in April. He also reported that applications had been received to
complete an additional 8 housing units in the Tii Gavo Subdivision, which would be the final
buildout of the subdivision’s approved capacity based on density.
Discussion and consideration of preparations for the EDA Business Breakfast held on Wednesday,
June 15th at 8:00am to 9:00am. Benson noted that the event will include a presentation from Deputy
Zach Boesel on the topic of “Recognizing and Preventing Business Fraud”, Greg Sandager would
provide an update on Rustic Roots Winery’s latest developments, and food will be catered by Your
Home Café. Cammilleri noted that he would get coffee, cream, and orange juice for the event.
Discussion and consideration of loan underwriting procedures and loan collateralization and the
Façade Improvement Loan Program – The Commission agreed that changes should be made to the
Façade Improvement Loan Program and that they wanted to also consider a Revolving Loan
Program. Tentative proposed changes to the existing loan program include:
• The removal of the use of property assessments to collect payments as the City did not
adopt the appropriate Ordinance amendments to authorize assessment.
• Inclusion of a $50.00 fee to cover some of the costs associated with the review and closing
of loans.
• Eliminate the 1% interest rate to be replaced with “as low as two percentage points below
WSJ Prime Rate.”
The Commission also expressed general agreement to other recommended amendments as part of
draft policy changes. They requested an updated amendment to the existing program be presented
at the next meeting as well as a proposal for a revolving loan program. It was recognized that the
City Council would have to approve any amendments or new programs.
Items for future agendas – The Commissioners requested to revisit amendments to the Façade
Improvement Loan Program and to consider a possible revolving loan fund to draw upon the
existing loan pool.
Next Board Meeting Date – It was noted that the Board will hold its next meeting Monday, July
11th at 6:30pm.
Adjournment – Motion by Dickens, seconded by Benson, to adjourn the meeting at 8:17pm.
Motion carried.
Scandia Economic Development Authority Mission Statement:
The Scandia EDA strives to enhance Scandia’s long-term prosperity and enrich the quality of life of residents by retaining and
growing existing businesses, recruiting new businesses and expanding life-cycle housing opportunities for residents.