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HomeMy WebLinkAbout2014-09-09 PACKET 03. CITY OF COTTAGE GROVE E CONOMIC D EVELOPMENT A UTHORITY MINUTES August 12, 2014 Pursuant to due call and notice thereof, a regular meeting of the Economic Development Authority was held at River Oaks Golf Course, 11099 Highway 61 South, Cottage Grove, Minnesota 55016 on the 12th day of August, 2014. I. CALL TO ORDER The meeting was called to order at 7:30 a.m. by EDA President Bailey. II. ROLL CALL Members Present: Myron Bailey, EDA President Laurie Levine, EDA Member Paul Poncin, EDA Member Dave Thiede, EDA Vice President Ramona Westerberg, EDA Member Members Absent: Steve Schmid, EDA Member Craig Patterson, EDA Member Staff Present: Ryan Schroeder, EDA Executive Director Danette Parr, Economic Development Director Robin Roland, Finance Director Alicia McMonigal, Economic Development Assistant Others Present: Emily Buss, South Washington County Bulletin Melinda Arora, Primrose Franchisee Mickey Arora, Primrose Franchisee Richard Kasper, Primrose Acquisition Manager III. APPROVAL OF MINUTES A motion was made by EDA Member Poncin to approve the May 13, 2014 EDA Meeting Minutes. The motion as seconded by EDA Member Dave Thiede, all present were in favor. IV. BUSINESS ITEMS Development Update / BR&E Update A. EDA Executive Director Schroeder reviewed the development update material that was included in the EDA packet. B. Growth Partners 2014 Golf Outing Economic Development Authority - Minutes August 12, 2014 Page 2 th ED Director Parr briefly highlighted the plans for the day in relation to the 19 annual Growth Partners golf tournament. Director Parr indicated that there was over 90 golfers registered for the tournament. Director Parr also mentioned that 3M and DR Horton would be awarded Growth Partner Awards at the tournament banquet later in the day. Special thanks was given to EDA Members Bailey, Levine, Westerberg, and Thiede for their participation in the event. C. ED Budget Finance Director Roland presented the proposed EDA Fund Budget. Finance Director Roland indicated that the Council will have to approve the transfer from the EDA Trust by the end of 2014. She also reiterated that a portion of the short fall was from the $50,000 loan forgiveness from the EDA to the River Oaks golf course. Additional Discussion EDA President Bailey introduced Primrose representatives that were in attendance (Richard Kasper, Mickey Arora and Melinda Arora). Primrose Acquisition Manager Kasper gave background, building requirements and wish list for the proposed site. Both Primrose franchisees Mickey and Melinda Arora explained their backgrounds, decision making process for choosing Primrose as a business, as well as why the site north of Ruby Tuesday would benefit their family and the community of Cottage Grove. Primrose Acquisition Manager Kasper explained that Primrose’s role is to support the real estate acquisition and construction in accordance with their standards. Primrose takes on this responsibility so the Franchisees are able to focus on their business plan and the hiring of staff. At the day of sale, the Franchisees would be assigned as property owners and fully take over operation of the facility. EDA Members expressed interest in having Primrose locate in Cottage Grove and discussed various land parcel options. A motion was made by EDA Member Thiede to move to the closed session. The motion was seconded by EDA Member Westerberg. D. Closed Session Meeting went into private session to discuss the City owned commercial lot north of Ruby Tuesday’s. V. MISCELLANEOUS BUSINESS ITEMS EDA Executive Director Schroeder reminded the EDA that an all commission meeting would be th held at City Hall on August 20. Prior to the all commission open house portion of the meeting, the City budget would be reviewed and discussed. VI. CALENDAR The EDA members were given the calendar to familiarize themselves with upcoming meetings and events. VII. AJOURN EDA Member Poncin moved to adjourn the meeting. Seconded by EDA Member Levine, all present were in favor. The meeting adjourned at 9:30 a.m. Economic Development Authority - Minutes August 12, 2014 Page 3 Respectfully Submitted, Alicia McMonigal Economic Development Assistant