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MINUTES FOR THE EDA MEETING OF FEBRUARY 13, 2012 <br /> Miron called the meeting to order at 8:40 am. <br /> PRESENT: Arcand, Denaway, Graff, Klein, Puleo, and Miron <br /> ABSENT: Bever <br /> STAFF: Bryan Bear, City Administrator <br /> Rachel Juba, Planner <br /> APPROVAL OF MINUTES FOR THE EDA MEETING OF JANUARY 3,2012 <br /> Klein made motion, Puleo seconded, to approve minutes for the EDA meeting of January <br /> 3, 2012. <br /> All aye. Motion carried. <br /> DISCUSSION ON CITY OWNED PROPERTY <br /> The development team that has a purchase agreement on the City owned property was <br /> present at the meeting to discuss their marketing effort and new ideas for the property. <br /> Planner, Rachel Juba, gave an introduction to the development team. City Administrator, <br /> Bryan Bear, stated that the development team has held a purchase agreement for the <br /> property for almost 2 years (since May 2010) and staff has brought them to the EDA <br /> meeting periodically to get an update in their progress. <br /> Mark Finnemann and Mike Brass represented the development team and went over the <br /> several iterations of development plans they have come up with for the site. Their ideas <br /> include commercial and hospitality aspects that have integrated an event center. They <br /> have been trying to find users that will fit those categories. They have provided potential <br /> users with a brochure that features information on Hugo and concept drawings for the <br /> site. <br /> They have looked at the idea for housing on the property. Senior housing and assisted <br /> living are options that they think would fit the area. <br /> Miron stated that it is good to hear the excitement for the project and the work that is <br /> being done. <br /> Commissioner Graff asked if there was enough room on the site for senior housing and a <br /> restaurant. Mr. Finnemann stated that a 50 unit senior housing project would consume <br /> most of the site. <br /> Commissioner Klein stated that there are other areas in the City of senior housing or <br /> assisted living. He asked what the biggest obstacles for the property were. Mr. Brass <br /> stated incentives are a plus in this economy; there have not been many pure market deals <br /> in the last several months. He stated that they have been look for a restaurateur that <br />