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HomeMy WebLinkAboutIndustrial Development Agency - Minutes - 5/27/2015Minutes of the Bayfield County Industrial Development Agency Meeting 4:00pm, May 27, 2015 County Board Room, Bayfield County Courthouse, Washburn, WI Members Present: Brett Rondeau, Scottie Sandstrom, Jack Carlson, Scott Kluver, Dan Anderson Members Absent: Dennis Pocernich Others Present: Mark Abeles-Allison, Bayfield County Administrator; Tony Johanik- Town of Eileen; Rick Geisen-Bremer Bank; Bill Ericksen-Town of Eileen, Alan Radosovich-Town of Eileen, Wendy Sanders, Seth Hudson, Charlie Jones-Cedar Corporation. Meeting called to order at 4:00pm by Abeles-Allison. Election of Officers: a. Chairman: Motion Sandstrom, Kluver to nominate Rondeau as Chariman. Motion Kluver to close nominations and cast a unanimous ballot for Rondeau for Chairman. Motion Carried. b. Election of Vice-Chairman: Motion Rondeau, Kluver to nominate Sandstrom for Vice-Chairman. Motion Kluver to close nominations and cast a unanimous ballot for Sandstrom for Vice-Chairman. Motion Carried. c. Election of Treasurer: Motion Rondeau to nominate Anderson as Treasurer. Motion Carlson, Kluver to close nominations and cast a unanimous ballot for Anderson as Treasurer. Motion Carried. d. Election of Secretary: Motion Kluver to nominate Carlson as Secretary. Motion Sandstrom, Anderson to close nominations and cast unanimous ballot for Carlson as Secretary. Motion Carried. Motion Kluver, Carlson to recommend appointment of Rick Geisen to the Industrial Development Agency and forward to County Board for approval. Motion Carried. Motion Sandstrom, Rondeau to approve minutes of the November 12, 2013 Industrial Development Agency meeting. Motion Carried. Presentation on Tax Increment Districts; Seth Hudson, Wendy Sanders and Charlie Jones- Cedar Corporation: Wendy Sanders presented information regarding TIF and TIDs. Handout was provided. Taxes on the base equalized value go to the various taxing entities. The tax on the incremental value (improvements) remains in the district to be used for infrastructure improvements for a designated period of time. Recommendation by Cedar Corporation is to be prepared to implement a TIF/TAF, but not actually implement it until a business commits to locating in the district. The committee discussed if a TIF/TAF should be considered for the Town of Eileen, Bayfield County Business Park. General consensus of the group is to investigate further potential for a TAF district in the Bayfield County Business Park. Approximate cost of $2500 to formulate the concept. Approximate $7500 for TAF formation, which is reimbursable through the TAF once it is formed. Motion Sandstrom, Carlson that the County Industrial Development Agency in conjunction with the Town of Eileen work with Cedar Corp to formulate a concept plan, up to $2500 and forward the recommendation to the County Executive Committee for approval. Motion Carried. Industrial Sites Documentation Program: Cedar Corp provided information on how to go about marketing the Business Park to prospective developers. State has a Certified Sites Program. Cedar Corp can develop a scaled-down version of the State program and will enter that data into the state Locateinwisconsin database. Discussion regarding Possible Tax Increment District Options in Bayfield County: The information to be shared with other business parks within the county, specifically the Telemark development. Update on the Status of World Class Precision Products and the Iron River Business Incubator: 7 years ago the Industrial Development Agency was created to help initiate the World Class Precision Products development. There are some building issues at the World Class site. There is a 10-year lease at the site. Impact 7 and Bayfield County are being responsive to dialogue with World Class to resolve the issues and extend the lease/operation. Industrial Development Agency Financial Report: Review of the County Treasurer’s report on Economic Development related notes/agreements. Sandstrom asked what the next steps are related to the TAF. Suggestion by Sandstrom to invite the Town of Eileen to the Executive Committee meeting when this topic is discussed. Next Meeting Date: To be determined. Meeting adjourned at 5:50pm.