Our Agency

Board Members Present:
Megan McKay, Linda Crookham-Hansen, Chris Murray, Emily Schmitt, Lisa Hull, Lisa Shimkat, Doane Chilcoat, Mark Kittrell, Tom Townsend, Jennifer Cooper, Pankaj Monga

Ex-Officio Members Present:
David Barker, Rob Denson, Representative Steve Hansen

Ex-Officio Members Absent:
Senator Carrie Koelker, Senator Liz Mathis, Representative Phil Thompson

IEDA Staff Present:
Sonya Bacon, Debi Durham, Staci Hupp Ballard, Katie Rockey, Liesl Seabert, Matt Rasmussen, Rob Christensen, Rita Grimm, Kanan Kappelman, Alaina Santizo, Amy Kuhlers, Vicky Clinkscales, Rick Peterson, Maicie Pohlman, Paul Stueckradt, Jill Lippincott, Lisa Connell, Emily Hockins, Terry Roberson, Deanna Triplett, Melissa Harshbarger (left 10:16 a.m.)

Others Present:
Cindy Harris (left 10:12 a.m.), John Steppe, Kate Hayden, 563-599-7529, David Connolly (left  10:04), Caleb Mason, Sue Foecke, 641-569-8991, 712-279-6368, Dan Culhane (left 9:55 a.m.), Ron Johnson (left 9:50 am), 513-255-6192, 712-542-5500, Merlin Pfannkuch (left 9:50 am), Steve Schainker (left 9:52 a.m.), 515-360-2584, 319-337-6592
 
BOARD CHAIR
• Welcome
Iowa Economic Development Authority Board Chair Megan McKay called to order the meeting of the IEDA Board at 9:38 a.m.
• Roll Call and introductions
A quorum of the IEDA Board was established with the following Board members present:
Megan McKay, Emily Schmitt, Doane Chilcoat, Jennifer Cooper, Linda Crookham-Hansen, Lisa Hull, Mark Kittrell, Pankaj Monga, Chris Murray, Lisa Shimkat and Tom Townsend.
Ex-officio member present: David Barker, Rob Denson and Representative Steven Hansen.

Approval of Minutes - May 21, 2021 IEDA Meeting
MOTION: Mark Kittrell moved that the IEDA Board approve the minutes of the May 21, 2021 IEDA Board meeting, seconded by Doane Chilcoat. Motion carried unanimously.

Approval of Agenda - June 25, 2021 IEDA Meeting
MOTION: Doane Chilcoat moved that the IEDA Board approve the agenda for the June 25, 2021 IEDA Board meeting, seconded by Tom Townsend. Motion carried unanimously.

PUBLIC COMMENT PERIOD: No comments were made.

COMPLIANCE - CONSENT AGENDA
A. 120 Day Report
B. Compliance Report
GMT Corporation - Request for Negotiated Settlement.
University of Northern Iowa - Request to Extend Contract End Date.
MOTION: Linda Crookham-Hansen moved that the Iowa Economic Development Authority Board approve the recommendations of the DDC regarding items A and B on the Consent Agenda, seconded by Chris Murray. Motion carried unanimously.

REINVESTMENT DISTRICT APPLICATIONS
Ames-Ames Downtown Reinvestment District
MOTION: Chris Murray moved that the Iowa Economic Development Authority Board approve the recommendation of the DDC to make provisional approval of an award of $10,000,000 to the City of Ames for the Ames Downtown Reinvestment District, seconded by Doane Chilcoat. Roll Call vote was taken. Motion carried unanimously.

Cedar Rapids - Cedar Rapids Central Reinvestment District
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board approve the recommendation of the DDC to make provisional approval of an award of $9,000,000 to the City of Cedar Rapids for the Cedar Rapids Central Reinvestment District, seconded by Linda Crookham-Hansen. Roll Call vote was taken. Motion carried unanimously.

Fort Dodge - Corridor Plaza Reinvestment District
MOTION: Tom Townsend moved that the Iowa Economic Development Authority Board approve the recommendation of the DDC to make provisional approval of award of $17,000,000 to the City of Fort Dodge for the Corridor Plaza Reinvestment District, seconded by Doane Chilcoat. Roll Call vote was taken. Motion carried unanimously.

Merle Hay Reinvestment District Joint 28E Board (Cities of Urbandale and Des Moines) - Merle Hay Reinvestment District
MOTION: Linda Crookham-Hansen moved that the Iowa Economic Development Authority Board approve the recommendation of the DDC to make provisional approval of an award of $26,500,000 to the Merle Hay Reinvestment District Joint 28E Board (Cities of Urbandale and Des Moines) for the Merle Hay Reinvestment District, seconded by Tom Townsend. Roll Call vote was taken. Motion carried unanimously.

Rob Denson disclosed a conflict of interest that necessitated recusal from discussion and voting on the Newton Legacy Reinvestment District application. See the attached E-Mail. Mr. Denson left the conference room at 9:48 a.m.

Newton - Newton Legacy Reinvestment District
MOTION: Chris Murray moved that the Iowa Economic Development Authority Board approve the recommendation of the DDC to make provisional approval of an award of $14,000,000 to the City of Newton for the Newton Legacy Reinvestment District, seconded by Doane Chilcoat. Roll Call vote was taken. Motion carried unanimously.

Rob Denson returned to the conference room at 9:49 a.m.

Linda Crookham-Hansen disclosed a conflict of interest that necessitated recusal from discussion and voting on the Capital City Reinvestment District: Reimagining the Superfund Site application. See the attached E-Mail exchange. Ms. Crookham-Hansen left the conference room at 9:49 am
Des Moines - Capital City Reinvestment District: Reimagining the Superfund Site
MOTION: Doane Chilcoat moved that the Iowa Economic Development Authority Board approve the recommendation of the DDC to make provisional approval of an award of $23,500,000 to the City of Des Moines for the Capital City Reinvestment District: Reimagining the Superfund Site, seconded by Mark Kittrell. Roll Call vote was taken. Motion carried unanimously.
Linda Crookham-Hansen returned to the conference room at 9:50 a.m.

FINANCIAL ASSISTANCE APPLICATIONS
Dose Steelworks, Inc. and Dose Holdings LLC: Story City
MOTION: Emily Schmitt moved that the Iowa Economic Development Authority Board accept the recommendation of the DDC to award a maximum of $141,000 in Investment Tax Credits and a maximum of $30,900 in Sales, Service, and Use Tax Refund, seconded by Chris Murray. Roll Call vote was taken. Motion carried unanimously.

Evapco, Inc.: Lake View
MOTION: Jennifer Cooper moved that the Iowa Economic Development Authority Board accept the recommendation of the DDC to award a maximum of $180,000 in Investment Tax Credits and a maximum of $285,000 in Sales, Service, and Use Tax Refund, seconded by Chris Murray. Roll Call vote was taken. Motion carried unanimously.
Pollard Games, Inc. dba American Games and International Gamco: Council Bluffs
MOTION: Chris Murray moved that the Iowa Economic Development Authority Board accept the recommendation of the DDC to award a maximum of $610,565 in Targeted Jobs Withholding Credit, seconded by Doane Chilcoat. Roll Call vote was taken. Motion carried unanimously.

AMENDMENTS TO RULES
Approve Filing Notice of Intended Action for Amendments to Apprenticeship Training Program
Rules, 261IAC 12
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board approve filing Notice of Intended Action to adopt amendments to Apprenticeship Training Program Rules, 261 IAC 12, seconded by Linda Crookham-Hansen. Motion carried unanimously.
Approve Filing Notice of Intended Action for New 261 IAC 222, Empower Rural Iowa Program
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board approve filing Notice of Intended Action to adopt a new chapter to the Iowa Administrative Code, 261 IAC 222, Empower Rural Iowa Program, seconded by Chris Murray. Motion carried unanimously.
Approve Filing Notice of Intended Action for New 261 IAC 119, Manufacturing 4.0 Technology
Investment Program
MOTION: Doane Chilcoat moved that the Iowa Economic Development Authority Board approve filing Notice of Intended Action to adopt a new chapter to the Iowa Administrative Code, 261 IAC 119, Manufacturing 4.0 Technology Investment Program, seconded by Mark Kittrell. Motion carried unanimously.

BROWNFIELD/GRAYFIELD REDEVELOPMENT TAX CREDIT PROGRAM
Contract 19-BTC-02
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board approve amending Contract 19-BTC-02 to extend the Project Completion Date from 30 to 44 months, seconded by Chris Murray. Motion Carried unanimously.
Contract 19-BTC-ll
MOTION: Chris Murray moved that the Iowa Economic Development Authority Board approve amending Contract 19-BTC-ll to extend the Project Completion Period from 30 to 60 months, seconded by Linda Crookham-Hansen. Motion Carried unanimously.
Contract 19-BTC-20
MOTION: Linda Crookham-Hansen moved that the Iowa Economic Development Authority Board approve amending Contract 19-BTC-20 to extend the Project Completion Period from 30 to 36 months, seconded by Mark Kittrell. Motion Carried unanimously.
Contract 21-BTC-05
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board approve assigning Contract 21-BTC-05 to Urbane 1220 Workforce Housing, LLC, seconded by Chris Murray. Motion Carried unanimously.

INNOVATION FUND INVESTMENT TAX CREDIT PROGRAM
MOTION: Chris Murray moved that the Iowa Economic Development Authority Board approve Applications for Issuance of 2 Tax Credit Certificates, seconded by Linda Crookham-Hansen. Motion carried unanimously. 

ALLOCATION OF FY22 AGGREGATE TAX CREDIT LIMIT FOR CERTAIN ECONOMIC DEVELOPMENT PROGRAMS
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board approve allocating the aggregate tax credit limit established in Iowa Code section 15.119 as follows: 
High Quality Jobs Program -$70,000,000;
Workforce Housing Tax Incentives Program -$40,000,000;
Redevelopment Tax Credit Program for Brownfields and Grayfields -$15,000,000;
Renewable Chemical Production Tax Credit Program -$5,000,000;
Innovation Fund -$10,000,000 ($8,000,000 to the Innovation Fund Investment Tax Credit Program and $2,000,000 to the Investments in Qualifying Businesses Tax Credit Program), seconded by Linda Crookham-Hansen. Motion carried unanimously.

VENDOR APPROVAL
MOTION: Tom Townsend moved that the Iowa Economic Development Authority Board approve entering into contracts for FY2022 with the following vendors for maximum amounts as listed: 
Qwest Site Solutions, $750,000; LS2 Group, $1,000,000; and BioConnect Iowa, $4,500,000, seconded by Doane Chilcoat. Motion carried unanimously.

OTHER BUSINESS
The next IEDA Board meeting will be held on Friday, July 16, 2021 at 9:15 a.m.

ADJOURNMENT
There being no further business at the meeting of the Iowa Economic Development Authority Board,
MOTION: Mark Kittrell moved that the IEDA Board adjourn, seconded by Tom Townsend. Motion carried unanimously. Meeting adjourned at 10:28 a.m.

Sonya Bacon
Board Administrator

Megan McKay
IEDA Board Chair