2008.09.15 EDA Packet - Laserfiche WebLink

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BACKGROUND MEMO FOR THE EDA MEETING OF MONDAY, SEPTEMBER 15 , 2008 3. Approval of Minutes for EDA meeting of August 18,2008 City staff recommends that the EDA approve the minutes for the August 18 2008 EDA meeting as presented. 4. Sertino's Cafe Staff has invited Mickey Michlitch, owner of Sertino's Cafe, to come to the EDA meeting to talk about his new business in town. Staff recommends that the EDA welcome Sertino's as a new business in Hugo. 5. Hugo Commons Consideration of TIF Agreement Bill Lentsch and Dale Dockendorf(Development Partners Hugo LLC) have a purchase agreement with the property owners of the former"End Zone" site. They have applied for site plan approval and Tax Increment Financing (TIF). The EDA will be reviewing the TIF Agreement at the meeting and staff will provide the EDA with an overview of the agreement. Staff recommends approval of the TIF Agreement. Staff recommends that the EDA provide the City Council with a recommendation on whether or not to approve the agreement. The site plan and TIF Agreement will be on the City Council agenda for consideration on Monday, September 15, 2008 at 7 pm. 6. Update on the BR& E Subcommittee The BR&E Subcommittee has received a number of business profile questionnaires from businesses in the City. There is a handful that would like to have a business case study or market study completed on the business, which would be done by a group of college students free of charge. The subcommittee also has a good idea from the business profiles on what the first business workshop will be on. The first workshop is expected to be in October. The subcommittee will be doing site visits to new and existing businesses to thank them for being a part of Hugo and to find out if there is anything that the City can help them with. Staff will provide an update on the progress of the committee at the meeting. 7. Update on EDA Marketing Work Plan and Promotional Package Enclosed is the EDA marketing spreadsheet outlining the items that have been completed and on going items. The EDA should feel free to add any additional items to the spreadsheet. Staff will update the EDA on the promotional package that went out to 90 development groups on the downtown redevelopment of Hugo. 8. Update on Downtown Redevelopment Staff will update the EDA on the progress of downtown redevelopment projects.