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HomeMy WebLinkAbout2009-09-08 EDA MinutesCITY OF COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY MINUTES September 8, 2009 Pursuant to due call and notice thereof, a regular meeting of the Economic Development Authority was held at Cottage Grove City Hall, 7516 80 St. S., Cottage Grove, Minnesota 55016 on the 8th day of September 2009. CALL TO ORDER The meeting was called to order at 7:31 a.m. by EDA President Bailey. R()1 I CAI I Members Present: Myron Bailey, EDA President Tony Jurgens, EDA Member Justin Olsen, EDA Vice President Paul Poncin, EDA Secretary /Treasurer Chris Reese, EDA Member Richard Remackel, EDA Member Members Absent: Sara Westall, EDA Member Staff Present: Howard Blin, Community Development Director Joe Fischbach, Management Analyst Ryan Schroeder, EDA Executive Director Ken Smith, Management Analyst Jesse Swenson, Management Analyst Others Present: Craig Patterson, Realtor, J.H. Callahan and Associates APPROVAL OF MINUTES A motion was made by EDA Secretary /Treasurer Poncin to approve the August 11, 2009 Economic Development Authority minutes with changes. Seconded by EDA Member Jurgens, All Present in Favor. DEVELOPMENT UPDATE Economic Development Authority - Minutes September 8, 2009 Page 2 EDA Executive Director Schroeder gave the EDA a development update. 48 new home building permits have been issued thus far in 2009. It is anticipated that the 2009 yearend number will be between 60 and 70 new homes. The discussion then turned to industrial and commercial development. EDA members were provided a status update on what leads were out there. The EDA reiterated that they are available to meet with potential developers and end users if needed. ICSC CONFERENCE UPDATE Myron Bailey, Ryan Schroeder, Howard Blin and Craig Patterson will be attending the October 28 -30 conference in Chicago. Staff has been working with Mary Slusser to find the right visual marketing pieces. 200 zip drives have been ordered that will be loaded with a 3 minute video and a PowerPoint presentation to distribute to attendees. The McComb Group Ltd. is preparing a market study that will be done September 15 ". It was suggested that the EDA have a special meeting September 22n to review the report and discuss which companies to target. The City is also preparing several other marketing pieces in preparation for the conference. They include a new ED website, aerial maps, brochures, premiums and post cards. EDA Member Reese will work with staff on the meeting script. EDA Member Reese left the meeting at 8:06. NEIGHBORHOOD STABILIZATION PROGRAM Community Development Director Blin provided the EDA an update. The HRA provided the City a list of 5 potential houses they would like to purchase, rehab and sell. The City indicated any of the 5 would be fine. One house has been selected thus far. Staff will be meeting with the HRA to discuss the program and see about accelerating the process. BRU UPDATE EDA Executive Director Schroeder gave a BR &E update. CALENDAR The EDA members were reminded of upcoming meetings and events. ADJOURN EDA Vice President Olsen moved to adjourn the meeting. Seconded by EDA Secretary /Treasurer Poncin, All Present in Favor. The meeting adjourned at 8:26 AM. Respectfully Submitted, Joe Fischbach Management Analyst