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EDC Minutes February 20, 2015 Page 3 of 6 phone number on the website. There being no further questions, Chair Helgemoe thanked the group for presenting. Review EDC Bylaws Chair Helgemoe called for the review of the ECD By-laws. Business Coordinator Brian Beeman informed the Commission that according to City Code, the EDC bylaws should be reviewed at the first regular meeting in February of each year. The last time the bylaws were amended was in 2002. Helgemoe asked if any Commissioner recommends any changes to the bylaws. Staff's recommendation was to leave the bylaws as-is. Hearing no changes, Chair Helegoe called for a motion to approve the bylaws as-is. Motion/Second: Commissioner Larson made a motion and Commissioner Shoop seconded the motion to approve they bylaws as-is. Motion Carried: 6 Ayes, 0 Nays 6. REPORTS OF STAFF Business Retention & Expansion and Project Updates Business Development Coordinator, Beeman provided the Commission with an update on the Crossroad Pointe redevelopment site. Coordinator Beeman is waiting to hear back from three developers who have shown interest in the site and staff will be contacting the developers again in March. If there is no interest, staff will conduct another marketing push to developers in an attempt to gain interest in the site. Coordinator Beeman informed the Commission that Business Retention & Expansion visits were completed with Quanex and Allegiance Fitness and another visit is planed with Medtronic immediately following the EDC meeting. Businesses are still recovering from the recession with retail growing slower than the manufacturing industry. Many businesses have had issues with theft, however business are pleased with the Police response. Businesses are generally pleased with the city and its services. Staff always does a follow-up with business owners who have questions or needs. Beeman reported that the pharmacy chain, CVS is showing strong numbers and adding stores across the country. Beeman reminded the Commissioners that the Tires N More building is up for sale at $550,000, Pat's Muffler is for sale for $350,000, and the Silverview Plaza is for sale listed at $3.8 million. Colliers International of Minnetonka has all three listings. Staff is gathering information for the area as a possible redevelopment site so that when the time comes, staff will be ready with the information for the area. Chair Helgemoe asked about the current zoning for the area. Beeman reported that it is B-2 and B-3, Commissioner Stevenson confirmed. Heidi Heller, Planning Associate, who was in the audience, provided specific uses that could be constructed in the area such as retail, auto repair, office, and said the area has a lot of flexibility, but no manufacturing would be allowed. Commissioner Dahlstrom asked if the city was actively encouraging existing businesses that have outgrown their facilities to fill space in other areas of the