EDA Meeting 4-15-2025

Friday, May 9, 2025

Areas of Interest (4)

Dayton's EDA is managing a significant surge in industrial inquiries, largely focused on warehouse and distribution centers.
City faces tax burden on recently acquired property due to timing of acquisition and lack of current 'public purpose' tax-exempt designation.
Concerns over EDA transparency and public outreach lead to the appointment of a dedicated 'communications' member.
Legislative appropriations for Dayton are dependent on inclusion in larger state omnibus bills, with minimal current success.

Approve the agenda

Carried unanimouslyNot recorded

Moved by Unnamed Member · Seconded by Unnamed Member

Appoint interim treasurer

CarriedNot recorded

Moved by Scott · Seconded by Unnamed Member

Enter into closed session for real estate negotiations

CarriedNot recorded

Moved by Unnamed Member · Seconded by Unnamed Member

If you want to take more area of this land out of the flood plane, it has to be from soil that is on the property itself already.
— Hayden Stengard

Real estate developmentDiscussing land mitigation.

If you net those two together because we sent out a check, they will cash it eventually. That's the hope at least.
— Zach

Financial reportingExplaining how accounts payable and cash balance reporting works.

Hayden StengardCity Staff

Assisting the EDA in the absence of John.

1 quote

“There's 3 C following summaries, contacts between non-residential development business.”

Explaining the report on industrial inquiries.

ZachCity Staff/Finance

Explained balance sheets and property tax payments.

1 quote

“As soon as January 2nd rolls around, you owe taxes for the whole year. So in order to close on the property, you have to pay all the taxes off.”

Explaining why the city paid property taxes on the newly purchased land.

Dave AndersonEDA Member

Appointed to handle EDA communications and outreach.

Dayton, MNEgan, MN