09-25-2023 Economic Development Authority MinutesCHANHASSEN CITY COUNCIL
ECONOMIC DEVELOPMENT AUTHORITY MEETING
MINUTES
SEPTEMBER 25, 2023
Mayor Ryan called the meeting to order at 7:00 p.m.
COUNCIL MEMBERS PRESENT: Mayor Ryan, Councilwoman Schubert, Councilman von
Oven, Councilman McDonald, and Councilman Kimber.
COUNCIL MEMBERS ABSENT: None.
STAFF PRESENT: Laurie Hokkanen, City Manager, and Samantha DiMaggio, Economic
Development Manager.
PUBLIC PRESENT: None.
1. Approve Economic Development Authority Meeting Minutes dated March 13, 2023
Councilman von Oven motioned, Councilman McDonald seconded that the Economic
Development Authority approve the Economic Development Authority Meeting Minutes
dated March 13, 2023. All voted in favor, and the motion carried unanimously with a vote
of 5 to 0.
2. Public Hearing: Adopt Business Subsidy Policy
Samantha DiMaggio, Economic Development Manager, discussed the history of business
subsidies. Ms. DiMaggio shared there have been many economic changes, which prompted the
amendment of the business subsidy policy. She shared the different types of business subsidies
that can be provided by the city or a deed. A business subsidy must have a public purpose and a
specific wage floor. Ms. DiMaggio shared the updated proposal, which recommended that to
receive a business subsidy from the city, the employer must provide 33 percent of the full-time
equivalent jobs with a wage that meets 200% of the minimum wage. Ms. DiMaggio also shared
the requirements for the application process and business subsidy definitions.
Councilman von Oven asked how they settled on the wage and employment formula. Ms.
DiMaggio stated they worked with the state to look at the wages being paid in the county. They
also looked at other county formulas, such as Carver County.
Mayor Ryan asked what the goal was in setting the minimum wage requirements. Ms. DiMaggio
shared there are options to consider the formula as a guide when awarding a business subsidy.
Mayor Ryan stated there has been Tax Increment Financing related to housing. She asked if the
business subsidy was applicable in this scenario. Ms. DiMaggio stated it is separate from the
business subsidy, but the laws might have some overlap.
Economic Development Authority Minutes – September 25, 2023
2
Mayor Ryan thanked Ms. DiMaggio for sharing the updated information.
Mayor Ryan opened the public hearing and invited the public to come forward and state
their name and address for the record and then address the Council.
There being no public comment, Mayor Ryan closed the public hearing.
Councilman Kimber moved, Councilman von Oven seconded that the Economic
Development Authority adopt the Business Subsidy Policy dated September 25, 2023. All
voted in favor, and the motion carried unanimously with a vote of 5 to 0.
ADJOURNMENT
Councilman McDonald moved, Councilwoman Schubert seconded to adjourn the meeting.
All voted in favor, and the motion carried unanimously with a vote of 5 to 0. The Economic
Development Authority meeting was adjourned at 7:17 p.m.
Submitted by Laurie Hokkanen
City Manager
Prepared by Kim Meuwissen
City Clerk