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EDC Minutes <br />April 20, 2018 <br />Page 5 of 5 <br /> <br />Norhart is looking to construct a 200 unit market rate luxury apartment building with <br />several amenities that would attract millennials. The developers liked the Arden Park site <br />and the five parcels southeast of the Bel-Rae Senior Living building. There are many <br />complications with the Arden Park site like relocating the compost site, water storage, <br />traffic, etc. There was a redevelopment plan for Arden Park in 2003. The other site has <br />holdout homeowners that have increased their asking price to a point that is unrealistic. <br />The City is working with Norhart to determine if any financial assistance is available and <br />if the developers would qualify. The developers are looking to start in 2019 and may be <br />forced to build in phases due to the holdouts. <br /> <br />Other Upcoming Events/Reports <br /> <br />Beeman informed the Commission that there is an open house April 25, 2018 for Parts- <br />Midwest who is a new business located at Mustang Circle. The Town Hall meeting is <br />April 30, 2018. Displays will open at 5:30 p.m. and the presentations will begin at 6:00 <br />p.m. There will be water main flushing from April 23-27, 2018. Discoloration of the water <br />could occur and residents can contact the City for more information. <br /> <br />8. REPORTS OF COMMISSIONERS <br /> <br />Commissioner Breske said there is a property on Jackson & Quincy across from <br />Lambert Park that has become an eye sour with the removal of trees and parked <br />vehicles. A resident wants to know what can be done about the property. Beeman will <br />address the issue with the Code Enforcement Officer. Breske looked at the properties <br />around the city and concluded that they are in compliance for the most part and in good <br />shape, there isn’t much that can be done with the owners. <br /> <br />9. NEXT REGULAR EDC MEETING <br /> <br />Chair Freichels reminded the Commissioners that the next EDC meeting will be held <br />May 18, 2018 at 7:30 a.m. if needed. <br /> <br /> <br />10. ADJOURN <br /> <br />There being no further business, Chair Freichels adjourned the March 16, 2018 meeting <br />at approximately 8:40 a.m. <br /> <br />Respectfully submitted, <br /> <br /> _______________________________ <br />Brian Beeman <br />Business Development Coordinator