2005.09.19 EDA Packet - Laserfiche WebLink

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other properties along the north edge of Egg Lake. The EDA recommended that John Granger keep the City informed on future plans for the site. 5. UPDATE OF AUGUST 23, 2005 MEETING OF THE TIF SUBCOMMITTEE At the last meeting of the TIF subcommittee City staff and the subcommittee identified the parcels that should be included in the proposed TIF district. The subcommittee also discussed the subsequent procedure for conducting blight examination and substandard tests to determine if the district would qualify under state law for the establishment of a TIF district. At the EDA meeting Community Development Intern Andrew Gitzlaff provided a summary of the meeting to the EDA on the preliminary results of the TIF district analysis and discussed the next steps in establishing the district. The EDA directed staff and the subcommittee to continue to investigate the procedural requirements and feasibility of creating the TIF district. Community Development Director Bryan Bear suggested inviting Mikaela Huot and Paul Steinman of Springsted, the City's financial advisor firm, to the next EDA meeting. 6. UPDATE ON NEGOTIATIONS TO ACQUIRE CARPENTER RESTAURANT AND THE OLD ANTIQUE STORE Community Development Director Bryan Bear updated the EDA on recent negotiations between City staff and officials and the Mike and Catherine Anderson, the property owners of Carpenters Restaurant and the adjacent Antique Store, about selling both properties to the City at the same time. The EDA directed staff to schedule another meeting with Mike and Catherine Anderson. 7. DISCUSSION OF OBTAINING BUSINESS AND ECONOMIC DEVELOPMENT CONSULTATION SERVICES FROM KIRSTIN BARSNESS City Administrator Mike Ericson informed the EDA that Kirsten Barsness of Barsness Consulting Services, Inc is interested in offering her consultant services to the City of Hugo and the EDA. Mrs. Barsness specializes in providing project management,TIF district coordination, and project marketing services to cities. The EDA discussed the types of business consultant services that might be beneficial to fulfilling the goals of the City and the mission of the EDA. Granger made motion, Skarich seconded to recommend that to the City Council that the City evaluate potential needs and availability of funds in the 2006 budget for these types of services. All aye. Motion carried. 8. UPDATE ON SALE OF `END ZONE' PROPERTY TO TERRY MONTPETIT