2022.11.15 Regular Meeting MinutesMinutes of the
Economic Development Authority of the City of Crystal
Regular Meeting
Council Chambers
November 15, 2022
Call to Order
President Banks called the meeting of the Economic Development Authority of the City
of Crystal (EDA) to order at 7:43 p.m.
2. Roll Call
Upon call of the roll, the following Commissioners were present: Jim Adams, Brendan
Banks, John Budziszewski, David Cummings, Therese Kiser and Nancy LaRoche.
The following staff were present: Executive Director Kim Therres, Deputy Executive
Director John Sutter and City Attorney Troy Gilchrist.
3. Approval of Minutes
Moved by Commissioner LaRoche (Kiser) to approve the minutes from the October 18,
2022 regular meeting. Motion carried.
4. Consider a resolution approving a modification to the Redevelopment Plan for
Redevelopment Project No. 1 and Tax Increment Financing (TIF) Plan for Establishment
of Tax Increment Financing District No. 5 (Sand), a housing district located at 5240 West
Broadway.
Staff presented the report and requested EDA approval of the resolution.
Keith Dahl of Ehlers answered questions from the board.
Moved by Commissioner Budziszewski (Kiser) to adopt the resolution approving a
modification to the Redevelopment Plan for Redevelopment Project No. 1 and Tax
Increment Financing (TIF) Plan for Establishment of Tax Increment Financing District
No. 5 (Sand), a housing district located at 5240 West Broadway. Motion carried 4-2 with
Commissioners Banks, Budziszewski, Cummings and Kiser voting Aye and
Commissioners Adams and LaRoche voting Nay.
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Consider a resolution approving an interfund loan for Tax Increment Financing District
No. 5 (Sand), a housing district located at 5240 West Broadway.
Staff requested EDA approval of the resolution.
Moved by Commissioner Budziszewski (Kiser) to adopt the resolution approving an
interfund loan for Tax Increment Financing District No. 5 (Sand), a housing district
located at 5240 West Broadway. Motion carried.
6. Property Status Update
Staff updated the board on the anticipated opening of the Lucky Pearl restaurant at 5600
56t" Avenue North (Bass Lake Road), construction progress at several commercial
locations, potential new businesses and development prospects, and plans to promote
Small Business Saturday and the Love Local campaign during the holiday season.
7. Other Business
There was no other business.
8. Adjournment
Moved by Commissioner Budziszewski (LaRoche) to adjourn the meeting. Motion
carried. The meeting adjourned at 8:16 p.m.
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These minutes of the November 15, 2022 meeting of the Crystal Economic Development
Authority were approved by the Authority on , 20 �-
ATTEST:
Olga Parso s, Treasurer
Brendan Banks,
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