EDA receives check from AgStar to help fund design plan, receives update on downtown revitalization
Tuesday, February 19, 2013 9:32 AM
The Spring Valley EDA, meeting Feb. 13, received an update on the downtown revitalization project, which revolves around the city receiving a small cities block grant.
The Spring Valley EDA was presented with a $3,200 check from AgStar representative David Krueger following the EDA meeting Feb. 13. The money will help fund the design plan currently underway for the revitalization of the downtown. From left are Krueger, Mayor Jim Struzyk and EDA President Steve Himle
It was noted that the grant program would not include properties in the 100-year flood plain. This would exclude grant funds for buildings from Elaine's Café south on both sides of Broadway downtown.
Economic development director Cathy Enerson noted that this would affect three building owners who filed letters of intent for the grant.
She asked board member David Phillips to share his thoughts on the downtown revitalization meetings held the first week in February. Phillips attended the meetings and noted the main point taken away from those in attendance was that they wanted to "preserve the history of downtown."
For more information about the progress on the grant application, see the Spring Valley City Council article in this issue.
The board members continued discussion on the Rochester sales tax agreement. It was noted there is some uncertainty on the amount the city of Spring Valley will receive (previously stated at $265,423) due to other area cities lobbying to be included, which could reduce the portion awarded to the other cities.
Enerson noted the money awarded must be used for capital expenditures. The EDA members agreed that it would be a good idea to let interested people know of this criteria and invite those willing to share ideas for use of the funds to the April EDA meeting. Enerson said she has been approached by several individuals who have shared ideas with her already. Those interested can choose to attend the April EDA meeting or contact Enerson.
The EDA approved paying its share for advertising in visitor guides published by Bluff County Newspaper Group and the Fillmore County Journal. Phillips, owner of the Bluff Country Newspaper Group, abstained. The cost of both ads will be split with the Spring Valley Chamber of Commerce.
Enerson shared that the Southern Minnesota Initiative Foundation (SMIF) is now accepting applications for its Picture-It-Painted grant program. The grant offers free paint and coating products for community restoration and beautification projects. Applications for the grant are due to SMIF by March 4 and those receiving a grant will be notified by March 25.
Enerson announced that the EDA had received its award letter from the Greater Minnesota Housing Finance Authority stating that it has been selected for funding up to $77,000. The GMHF will provide 2 percent interest loans to building owners to use for rental housing units above commercial space as part of the downtown revitalization project. Enerson noted that this funding does hinge on the city being awarded the small cities block grant.
Enerson shared that she will be gone the last week of February, and taking vacation time.
The next meeting of the EDA will be held Wednesday, March 13, at 8:30 a.m.