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At its July 11, 2011, meeting the EDA had a discussion on a concept, presented by the <br /> BN[ group, for an entrepreneur boot camp. The sessions would help small business and <br /> entrepreneurs grow and create new businesses. Staff would like to provide the EDA with <br /> an update on how the boot camp is moving forward in partnership with the Hugo <br /> Business Association(HBA). <br /> Graff made a motion, seconded by Bever, to have staff continue working the BNI and the <br /> HBA on the boot camp. <br /> All aye. Motion Carried. <br /> UPDATE ON FLEXIBLE OFFICE SPACE <br /> Staff has been working with a property owner in the Bald Eagle Industrial Park on <br /> flexible office space as an option when leasing the building. The property now has three <br /> tenants and using the idea by creating separate office areas for the tenants in one space. <br /> UPDATE ON CITY RENTAL PROPERTIES <br /> Staff included the expense reports from September 2010 on the properties. <br /> The print shop is rented out on a short term lease. The barber is vacating the property this <br /> month. <br /> Staff has walked through the rental house and it is in need of repairs before it can be <br /> rented out again and out building will need to be removed. The repairs could be over <br /> $5,000. When it was being rented out the City was making money, but there has been a <br /> lot of staff time involved in maintenance and getting rent. If the building was demolished <br /> the cost would be over$20,000. <br /> Miron stated that the repairs will cost more than what the City is profiting. Klein stated <br /> that the EDA talked about his last year and it may be more beneficial to demolish the <br /> house. Denaway agreed and stated that the property seemed to be a liability. Miron stated <br /> in the mean time the City needs to make sure the property is maintained, such as mowing <br /> the lawn. <br /> Staff will put together additional information on the properties and wilt bring it back to <br /> the EDA. <br /> UPDATE ON MIXED-USE REDEVELOPMENT LCDA GRANT <br /> Staff updated the EDA on the progress of the LCDA grant for the Sampair property. The <br /> application is complete for the Met Council review. One of the items that are requested <br /> for the planning grant is the update of the Maxfield study. Denaway stated that was a <br /> good idea to include that in the grant. Miron asked for an overview of the study at the <br /> next EDA meeting. <br /> UPDATE ON DOWNTOWN REDEVELOPMENT <br />