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HomeMy WebLinkAbout06/06/2013 EDAC Minutes 6/6/2013 EDAC MINUTES 1 CITY OF LINO LAKES ECONOMIC DEVELOPMENT ADVISORY COMMITTEE MINUTES DATE: June 6, 2013 MEMBERS PRESENT: Joe Stranik, Tom Colgan, Lou Masonick, Chad Wagner, MEMBERS ABSENT: Lane Thor, Bill Combs, Julie Schwartz, Matt Kassner, Don Johnson OTHERS PRESENT: Michael Grochala APPROVAL OF MINUTES It was moved by L. Masonick to approve the minutes of May 2, 2013. The motion was seconded by C. Wagoner and passed unanimously. LEGACY AT WOODS EDGE LAND ACQUISITION AND MARKETING DISCUSSION Mr. Grochala provided an update of the status of special legislation to acquire the Legacy at Woods Edge property from the state. He explained that the legislation was approved and the City was working with Anoka County to facilitate the transfer. Once the property is obtained the City will need to consider options for marketing the property. Mr. Masonik asked Mr. Grochala to explain how Tax Increment Financing worked. Mr. Colgan noted that both the Target and Kohl’s stores were low producers and that new rooftops are important for the surrounding commercial area. Mr. Grochala explained that we need to review the plan and identify what we would like to build and what is still a viable option in the market. He noted that city staff is currently working with Landform, a planning consultant, to review landuse options. Mr. Stranik noted that multi-family should still be included in the discussion and EDAC should emphasize to the council the need for rooftops to support continued commercial growth. Mr. Grochala asked about the need to retain a broker to market the site. Mr. Stranik suggested that we may not need a broker for individual parcels but it may be beneficial to meet with brokers to discuss the site. Mr. Wagner suggested that staff reach out to smaller, local builders who may have the ability to develop portions of the property. It was also suggested that if the City decided to retain a broker EDAC could be involved in reviewing proposals and interviewing the proposers. UPDATES Mr. Grochala provided an update on various projects throughout the city. The meeting was adjourned at 9:20.