2008.01.22 EDA Packet - Laserfiche WebLink

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BACKGROUND MEMO FOR THE EDA MEETING OF TUESDAY, JANUARY 22, 2008 3. Approval of Minutes for EDA meeting of December 17, 2007 City staff recommends that the EDA approve the minutes for the December 17, 2007 EDA meeting as presented. 4. Update on Finance and Commerce Proiect Showcase Staff has been working with the Finance and Commerce newspaper over the past couple months to do a project showcase article in their Thursday, real estate edition of the paper on Hugo downtown redevelopment. Staff will update the EDA on the progress. The article is planned to be printed in the Thursday, January 31, 2008 edition of the paper. 5. 2007 EDA Annual Report Staff has the final copies of the 2007 EDA Annual Report complete. Copies will be available at City Hall and on the website. There will be extra copies printed if EDA members would like to take some with them. Staff will update the EDA on the distribution process. 6. Update on Downtown Redevelopment Staff will update the EDA on the downtown redevelopment projects going on in the City. 7. Update on 2008 Comprehensive Plan On January 10, 2008 the City Council and Planning Commission held a workshop on the 2008 Comprehensive Plan. Staff will update the EDA on the workshop and has attached the Economic Development section of the plan and the implementation plan. 8. University of Minnesota Business Retention and Expansion Research Program Staff met with Liz Templin, from U of M extension services, on the Business Retention and Expansion Research Program they offer to communities. Staff will update the EDA on the meeting and would like feedback from the EDA on the program. Staff has attached a packet that describes the program objectives. 9. Discussion on EDA Goal Setting for 2008 Attached are the EDA and City Council 2007 goals for the City. On January 28, 2008 there will be a City Council workshop to establish the 2008 City goals. Staff would like the EDA to discuss what they see as important goals for the City in 2008.