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Home My WebLink About2014-09-12 EDA Minutes - Approved CITY OF COTTAGE GROVE E CONOMIC D EVELOPMENT A UTHORITY MINUTES September 9, 2014 Pursuant to due call and notice thereof, a regular meeting of the Economic Development Authority was held at Cottage Grove City Hall, 12800 Ravine Parkway, Cottage Grove, Minnesota 55016 on the 9th day of September, 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 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 Jennifer Levitt, Community Development Director/City Engineer Steve Dennis, City Council Candidate III. APPROVAL OF MINUTES A motion was made and seconded to approve the August 12, 2014 EDA Meeting Minutes, all present were in favor. IV. Presentation by Scott Tankenoff, Hillcrest Development Mr. Tankenoff discussed his potential plans for the property most commonly referred to as the Lyman Lumber parcel (PID #17.027.21.43.0003). He envisions a cohesive ownership, investing in the infrastructure, subdividing the parcel into three to four pieces to ensure the proper design. Mr. Tankenoff also indicated that he’d work with design professionals and city staff to ensure a quality end product. Likely, the site would be a higher end manufacturer or distributor because of the strong sustainability of manufacturing, the materials and end product could be easily shipped in and out by rail, and the ease of access for eventual employees would be a plus. Initially Hillcrest Economic Development Authority - Minutes September 9, 2014 Page 2 would be a landlord, but would consider selling or subdividing the parcel once it is fully developed. As a landlord, tenants are secured by reputation, and use of an outside brokerage firm. Hillcrest would develop the parcels with a forward thinking approach in terms of planning. They would cater to businesses that want to put down roots with the potential to expand in the future. Extra infrastructure would be added to accommodate multiple uses by putting in more power and plumbing lines so businesses can morph and grow into the additional space. The building(s) will match surrounding buildings in the business park. V. BUSINESS ITEMS A. Development Update / BR&E Update EDA Executive Director Schroeder reviewed the development update materials that were included in the EDA packet. B. Closed Session Meeting went into a closed private session to discuss Home Depot, Leafline Labs, American Logistics/AGCO and the City owned property on Hardwood Parcel. VI. VOTING ON CLOSED SESSION ITEMS A. Home Depot EDA Member Westerberg motioned for an LOI on the Home Depot property and EDA Member Levine seconded the motion, all present were in favor. B. Leafline Labs EDA Member Poncin motioned to authorize purchase and development agreements on a 40,000 sq ft pharmaceutical facility on 20 acres in the business park and EDA Member Schmid seconded, all present were in favor. C. American Logistics/AGCO EDA Member Poncin motioned to adopt a resolution for a potential TIF project for an expansion to an existing business within the business park and to call for a public hearing, which EDA Member Thiede seconded, all present were in favor. D. Hardwood Parcel EDA Member Thiede motioned to approve a letter of intent with a hotel user on the City owned parcel on Hardwood Avenue. Seconded by EDA Member Levine, all present were in favor. VII. MISCELLANEOUS BUSINESS ITMES Economic Development Director Parr discussed the Business Park meeting that was to be held at Renewal by Andersen on September 24, 2014. VIII. CALENDAR The EDA members were given the upcoming meeting and events calendar that was included in the EDA Packet. IX. AJOURN EDA Member Thiede moved to adjourn the meeting. Seconded by EDA Member Westerberg, all present were in favor. The meeting adjourned at 9:15 a.m. Economic Development Authority - Minutes September 9, 2014 Page 3 Respectfully Submitted, Alicia McMonigal Economic Development Assistant