2022 EDA Work Session MinutesMinutes of the
Economic Development Authority of the City of Crystal
Work Session
Council Chambers
June 7, 2022
Call to Order
Secretary LaRoche, as presiding officer. called the work session of the Economic
Development Authority of the City of Crystal (EDA) to order at 6:19 p.m.
I Roll Call
[,pon call of the roll. the following Commissioners were present: Jim Adams, John
Budziszewski, David Cummings, Nancy LaRoche and Olga Parsons.
The following staff were present: Executive Director Anne Norris, Deputy Executive
Director John Sutter and City Attorney Troy Gilchrist.
Presentation and discussion regarding a proposal by MWF Properties for redevelopment
of 7000 57t" Ave. N.
Staff presented information about the proposed development of a 60 unit, 4 story
apartment building on the site of an existing office building at 7000 57t" Ave. N. MWF
Properties intends to apply to the state for housing tax credits in July and requests an
EDA resolution of support for Tax Increment Financing to help close the remaining
financing gap and boost the score for their tax credit application. The EDA will be asked
to consider a non -binding TIF support resolution on June 21.
The board discussed several aspects of the proposed development, including the proposed
financing for the development and the effects of the state's 4d property tax classification.
Ryan Schwickert of MWF Properties addressed the board.
4. Adjournment
The work session adjourned at 6:59 p.m.
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These minutes of the June 7, 2022 work session of the Crystal Economic Development Authority
were approved by the Authority on, 20
ATTEST:
Nancy LaRoche, Secretary
Brendan Banks,
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