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MINUTES FOR THE EDA MEETING OF AUGUST 21,2006 <br /> EDA President Fran Miron called the meeting to order at 8:30 am. <br /> PRESENT: Jan Arcand, Jim Bever, Tom Denaway, Mike Granger, Phil Klein, Fran <br /> Miron, and Brian Thistle <br /> City Administrator Mike Ericson, CD Director Bryan Bear, CD Intern Rachel Simone <br /> APPROVAL OF MINUTES <br /> Arcand made motion, Granger seconded, to approve the minutes for the EDA meeting of July 17, <br /> 2006 as presented. <br /> All aye. Motion Carried. <br /> POA-SCHERER& COLLABORATIVE DESIGN GROUP—POSTAL CREDIT <br /> UNION <br /> POA-Scherer, LLC and Postal Credit Union requested approval of a Preliminary Plat and <br /> PUD General Plan to construct a 5,000-square foot bank with drive-through tellers on a <br /> 1.62 acre lot located west of Festival Foods across Victor Hugo Boulevard. The Planning <br /> Commission held the public hearing at its August 10, 2006 meeting and voted <br /> unanimously to recommend approval. <br /> Staff showed elevations of the building and the Postal Credit Union representatives were <br /> present to talk about the bank and answer any questions the EDA had. CD Intern <br /> introduced the President of the Postal Credit Union, Russel Plunkett. Mr. Plunkett talked <br /> about the bank and why they decided to located the credit union in Hugo. Patricia Kamas <br /> the business development manager of the credit union gave a power point presentation <br /> and talked about the community involvement of the credit union. <br /> The EDA welcomed the Postal Credit Union as a new business in Hugo and liked the <br /> involvement that the Postal Credit Union in other communities. Granger asked if the <br /> credit union would only be for postal workers. Mr. Plunkett stated that it is open to the <br /> public. <br /> Arcand made a motion, Klein seconded to recommend approval of the Preliminary Plat <br /> and PUD General Plan for Postal Credit Union. <br /> All ayes. Motion carried. <br /> DISCUSSION ON TIF DISTRICT ESTABLISHMENT <br /> Staff has been working closely with Paul Steinmen of Springsted and Mary Ippel on the <br /> calculations to establish a TIF District. Staff attached a map of the proposed TIF District <br />