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BACKGROUND MEMO FOR THE EDA MEETING OF <br /> Monday, August 20, 2007 <br /> 3. Approval of Minutes EDA meeting of July 16, 2007 <br /> City staff recommends that the EDA approve the minutes for the July 16, 2007 EDA <br /> meeting as presented. <br /> 4. EDA Marketing Strategy <br /> At the July EDA meeting a work plan for the EDA marketing strategy was approved. A <br /> portion of the work plan includes updating the MNPRO website to show commercial and <br /> industrial properties available in the City. At the meeting the MNPRO website will be <br /> presented to show what has been updated. The properties that are on the website now are <br /> the commercial properties available on County Road 8 staff will continue to update the <br /> list for other sections of the City. <br /> The EDA also talked about an EDA annual report. Staff has drafted a concept for what <br /> the annual report will look like. Attached is an outline of commercial and industrial <br /> properties that could be showcased in the annual report. The EDA should discuss what <br /> ones they would like to see in the report. Staff recommends that the 2007 Annual Report <br /> be completed in January. <br /> 5. 2008 Comprehensive Plan <br /> Attached is a draft of the future land use plan for the City and the portion of the <br /> comprehensive plan of 1998 on economic development. A majority of the economic <br /> development section is out of date and will be updated with the new comprehensive plan. <br /> The EDA should discuss what direction they would like the new economic development <br /> section to focus on. There will be a section in the comprehensive plan for the downtown <br /> plan. <br /> 6. Update on Downtown Redevelopment and Marketing of City Owner Properties <br /> Staff will provide an update to the EDA on downtown redevelopment. The EDA should <br /> discuss marketing of the City owned properties. <br /> 7. Discussion on Proiect Showcase in Finance and Commerce Newspaper <br /> Staff has been in contact with Shelia Bennett from Finance and Commerce Newspaper to <br /> discuss doing a project showcase advertising section of their paper. The project showcase <br /> section is a way for cities to highlight development projects in their City. Staff feels that <br /> the project showcase advertising would be a great way to promote the downtown area. <br /> Attached is an example of a project showcase in the newspaper. The EDA should discuss <br /> whether it is the right time to advertise for the downtown or if the City should wait to do <br /> the project showcase until a project is submitted. <br />