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MINUTES FOR THE EDA MEETING OF JUNE 13, 2011 <br /> Miron called the meeting to order at 8:30 am. <br /> PRESENT: Arcand, Bever, Graff, Puleo, and Miron <br /> ABSENT: Denaway and Klein <br /> STAFF: Mike Ericson, City Administrator <br /> Bryan Bear, Community Development Director <br /> Rachel Juba, Planner <br /> 1 <br /> APPROVAL OF MINUTES FOR THE EDA MEETING OF MAY 9, 2011 <br /> Arcand made motion, Bever seconded, to approve minutes for the EDA meeting of May 9, <br /> 2011. <br /> All aye. Motion carried. <br /> DISCUSSION ON PEARSON MECHANICAL BUILDING - 13497 FENWAY <br /> BOULEVARD NORTH <br /> The Pearson Mechanical building and property located at 13497 Fenway Boulevard North is <br /> now available for sale or lease.North Star Bank holds the mortgage on the property and has <br /> been working with the current owner to sell or lease the property. Jack Ritt, Chairman/CEO <br /> of North Star Bank, had a discussion with the EDA on the availability of the building. He <br /> wanted to make a connection with the EDA and the City as he markets the property. <br /> Commissioner Graff stated that the bank should note that there is rail access in the BEIP. <br /> DISCUSSION ON FLEXIBLE OFFICE SPACE <br /> At the April EDA meeting there was discussion on flexible office space and possible <br /> opportunities in Hugo. Commissioner Graff started the discussion and stated that he would <br /> like to meet with property owners that have vacant space and talk to them about this concept. <br /> The EDA directed staff to work with Commissioner Graff and set up meetings with property <br /> owners. <br /> Staff and Commissioner Graff met with Matt Alexander and Jack Appert from Kraus- <br /> Anderson, who owns the Healtheast Building and has vacant space. They have heard of <br /> flexible office space, but Kraus-Anderson has not used the concept before. They mentioned a <br /> company called Regus that purchases space and converts it into flexible office space. In <br /> regards to the Healtheast vacant space, Kraus-Anderson has not finished the space. The space <br /> would need to be finished and furnished. This is not an expense they would be willing to <br /> incur to accommodate for flexible office space. They also stated that the space would need to <br /> be managed and they do not see Kraus-Anderson managing the short-term lease involved <br /> with flexible office space, but would be open to a company leasing the vacant space to <br /> operate and manage flexible office space. <br />