2013.06.11 EDA Packet - Laserfiche WebLink

Home

BACKGROUND MEMO FOR THE EDA MEETING OF TUESDAY,JUNE 11, 2013 3.APPROVAL OF MINUTES Staff recommends approval of the minutes from the May 14, 2013, EDA Meeting as presented. 4. Update on Assessment Policy At its May 20, 2013, meeting the City Council considered recommendations from the Planning Commission and EDA on the revisions to the assessment policy regarding financing infrastructure projects. The City Council approved the revisions at the meeting. Staff has included the revised policy and Exhibit A. At its June 3, 2013, meeting the City Council approved the feasibility study and assessment agreement with Len Pratt for construction of Rosemary Way. Staff will continue to work with Mr. Pratt to get the agreement signed and obtain a letter of credit for 60% of the construction cost plus interest,prior to construction plans being drafted. 5. Update on Carpenters and City Owned Property On May 20, 2013, the City entered into a purchase agreement for the Carpenters properties. The City will pay all back taxes, liens, and mortgages as the result of the purchase. The properties total 1.34 acres and abut the properties the City owns to the north. The City plans to close on the properties at the end of June. The purchase agreement for the City owned properties with BFB, LLC, has expired as of May 21, 2013. Staff would like to discuss how the EDA would like to proceed with marketing of the properties. 6. Discussion on DEED Shovel Ready Site Certification The Department of Employment and Economic Development (DEED) has a Shovel ready Site Certification program to help make sites more attractive to companies and site- selection consultants looking for locations for business startups, expansions or relocations. Staff will provide the EDA with an overview of what needs to be completed and the process to become certified. 7. Update on Downtown Redevelopment Staff will update the EDA on Downtown Redevelopment.