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Background memo for the EDA Meeting of Tuesday, September 15, 2020 <br />3. Approval of Minutes <br />Staff recommends approval of the minutes from the August 18, 2020 EDA Meeting as <br />presented. <br />4. Concept Plan for City Owned Property <br />The 4.3 acres of City -owned property along Forest Boulevard that fronts Egg Lake has been <br />marketed to be eligible for $1 to users that can provide a full service restaurant or some form of <br />destination use. Development criteria for the property includes a quality site design and <br />architecture that exceeds the requirements of the Downtown Design Guidelines and construction <br />of public amenities. The goal of the site is to redevelop Downtown Hugo to a destination location. <br />Denny Trooien is presenting a Downtown Hugo concept plan that highlights a mix of retail, <br />commercial, and restaurant users. The site plan emphasizes walkability and shows a boardwalk <br />along Egg Lake, creating a destination downtown area. Trooien has a background in law and is <br />currently the CEO of DENNIS Properties, LLC. <br />S. CARES Grant Background <br />Staff will provide an update on the approved CARES Act budget and the business grant that is <br />now available to business in Hugo and that serve Hugo. You can also find more using this link <br />below: <br />Hugo Business Grants <br />6. Update on Downtown Redevelopment <br />Staff will provide an update on downtown redevelopment. <br />If you need accommodations for the EDA meeting please contact <br />Rachel Juba at (651) 762-6304 or rjuba@ci.hugo.mn.us, thank you. <br />