Laserfiche WebLink
Bever made motion, Granger seconded to set the date for the downtown plan open <br /> house for January 17, 2006 at 7:00 P.M. <br /> All aye. Motion Carried <br /> The subcommittee had also prepared a draft press release and Q&A newsletter <br /> about TIF and the downtown redevelopment plan for review by the Council and <br /> the EDA at the meeting. Staff recommended that the Council and the EDA <br /> review the draft Q&A newsletter and press release and become familiar with the <br /> materials. Staff recommended that the Council and the EDA approve the <br /> materials for immediate distribution to downtown residents and property owners <br /> if the Council and the EDA are comfortable with the content of the documents. <br /> The Council and the EDA reviewed the draft newsletter and press release and <br /> requested that Staff make some minor changes to the documents before <br /> distributing the materials. The EDA and the Council also recommended that the <br /> TIF subcommittee send a letter to the downtown property owners before the open <br /> house meeting. <br /> Miron recessed the meeting at 8:30 am and passed the gavel to EDA member <br /> Klein who reconvened the meeting at 8:45 a.m. Miron returned at 10:20 a.m. <br /> 5. UPDATE ON TWIN CITIES COMMUNITY CAPITAL FUND PROGRAM <br /> At the September 19, 2005,joint EDA/Council meeting Scott Martin from the <br /> Twin Cites Community Capital Fund(TCCCF) gave a presentation about the <br /> organization and the benefits members receive from participating in the fund to <br /> the EDA and Council. The TCCCF is a nonprofit economic development loan <br /> fund. Communities that join the fund are eligible for low interest loans, gap <br /> financing, and other financial incentives. The EDA and Council thanked Scott <br /> Martin for coming to the meeting and suggested that the EDA and the Council <br /> evaluate the materials in order and make a recommendation at the next EDA <br /> meeting on whether or not to participate in the program. Springsted, the City's <br /> financial advising firm, has prepared some background information on the fund. <br /> At the meeting, Staff suggested that the EDA and the Council decide whether or <br /> not the City should consider becoming a member of the TCCCF at this time. <br /> Granger made motion, Arcand seconded to recommend that the Council consider <br /> becoming a member of the TCCCF fund. <br /> All aye. Motion Carried. <br /> 6. UPDATE ON CITY PURCHASE OF CARPENTERS RESTAURANT AND <br /> THE ANTIQUE STORE FROM MIKE AND CATHERINE ANDERSON <br />