City of Wanamingo
Regular EDA Meeting
Monday April 10, 2023
6:00 P.M.
Wanamingo City Council Chambers
401 Main Street
Wanamingo MN
PRESENT: Brian Gudknecht, Rebecca Haugen, Jim Kittelson, Laurie Musselman and Annette Fritz
ABSENT: Ryan Holmes & Josh Schaefer
ALSO PRESENT: Michael Boulton, Melissa Meyers – Zumbrota News Record, and Josh McGovern – Kenyon Leader
Brian Gudknecht called the meeting to order at 6:05 p.m.
Pledge of Allegiance followed.
ADOPT AGENDA: Fritz motioned, seconded by Haugen to adopt. Approved 5-0-0.
CONSENT AGENDA: Kittelson motioned, seconded by Musselman to approve. Approved 5-0-0.
PRESENTERS: None
NEW BUSINESS:
Resolution 23-04 Approving Execution of a Lease Agreement with Heidi Smith. Kittleson moved to approve, seconded by Haugen. Boulton explained Smith would be going into a roughly 400 square foot suite for $240/month. The loss of revenue from current lease of $464.40, will be picked up by Mead Johnson & Company LLC lease. Passed 5-0-0.
Resolution 23-05 Approving Execution of a Lease Agreement with Mead Johnson & Company LLC. Musselman moved to approve, seconded by Kittelson. Boulton explained that Mead Johnson Company LLC would be taking over Heidi Smith space and renovating. Mead Johnson Company LLC will go from $1,000/month rent to $1,325/month for the additional space. Passed 5-0-0.
Resolution 23-06 Approving the 2022 EDA Portion of the Wanamingo City Audit. Haugen moved to approve, seconded by Kittelson. Administrator Boulton went over the EDA accounts of importance, including 251 EDA, 306 (Cenex Industrial Park), 331 (Cenex 4th Bond Fund), and 604 (Medical Center). Boulton provided a memo on the audit. Funds ending 12/31/2022 balances and plans going forward for each fund. Administrator Boulton presented Smith Schafer & Associates PowerPoint presentation for the EDA centered funds as well. Boulton shared concerns regarding the Medical Center as it owes the general fund $44,121 at the end of 2022. Boulton stated that there may need a future transfer or levy request to the Council to ensure needed cashflow to make the bond payments if two of the four suites remain vacant. Passed 5-0-0.
OLD BUSINESS:
Administrator Boulton provided an update to the EDA on the Medical Center improvements.
Reckitt/Mead Johnson is nearly finished renovating the front and back suites of Wanamingo Medical Center building. The EDA was informed of Reckitt’s request to renovate a smaller space in the existing Suite 2 (currently leased by Reckitt/Mead Johnson) for roughly 400 square feet. The renovation is completed and Heidi Smith has moved into the new suite. Suite 3 (774 square feet) and Suite 4 (1,328 square feet) are proposed be put together to make one suite – 2,102 square feet. The work on suite 4 has been completed while the work on suite 3 will start this week. Heidi Smith new lease would be for $240/month rent. Reckitt/Mead Johnson would now have new suite 3 (732 square feet) and new suite 4 (2,102 square feet). Reckitt/Mead Johnson new lease would be for $1,325/month rent. The newly combined lease dollar amounts of Heidi Smith and Reckitt Mead Johnson will not change from the current leases to the proposed new leases. However, the percentage in share of monthly utility bills will change based upon square footage. All other terms of current leases should stay the same.
Reckitt/Mead Johnson has agreed to pay for the renovations to the proposed Heidi Smith space and the space Heidi currently leases. Reckitt/Mead Johnson has agreed to pay the $450 from Kennedy & Graven to update the lease agreements.
A planned EDA Board site visit will be scheduled once the renovations are completed. This could be at the May or June EDA Board meeting, depending upon the need for the next meeting. The board members will have the ability to see the building though a tour of the facility.
Musselman stated that Olmsted Medical Center plans to open the Wanamingo clinic location back up on April 25th. OMC plans to be open Mondays, Tuesdays, Wednesdays, and Thursdays from 8:00AM-5:00PM, closed for lunch 12:00PM-1:00PM.
There being no further business Kittelson made a motion seconded by Musselman to adjourn the EDA meeting at 6:18PM. Approved 7-0-0.
________________________ ______________________
Brian Gudknecht, President Michael Boulton, Director
