EDA Packet 06.15.21 - Laserfiche WebLink

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Background memo for the EDA Meeting of Tuesday, June 15, 2021 3. Approval of Minutes Staff recommends approval of the minutes from the April 20, 2021 EDA Meeting as presented. 4. Denny Trooien — Update on Downtown Hugo and request to extend purchase agreement timeline. At their September 15, 2020 meeting, the Hugo EDA made a motion to direct staff to work with Denny Trooien on his proposal for the purchase agreement of City -owned property along Egg Lake. The City Council approved the purchase agreement at their December 7, 2020 meeting. Trooien has presented his concept of Downtown Hugo to the EDA, which includes restaurant and retail spaces as well as common space and a dock area. The terms of the purchase agreement state that phase one is to be substantially complete by December 31, 2022 and that phase two would occur no later than 48 months after the date of the purchase agreement with a 12-month extension option. Trooien is requesting an extension on the purchase agreement timeline. S. Marvin & Judith LaValle — Request to apply for Washington County CDA pre -development grant. Washington County CDA has a pre -development grant program for planning areas of communities that have not been developed yet. Each city in the County can apply for $40,000 per year with a 1:1 match. The match can be local or by a private entity or landowner. However, the City is required to apply for the grant. Marvin and Judith LaValle have requested that the City apply for the Washington County CDA Pre -development Grant for land use planning for their property south of County Road 8 and west of Highway 61. The property is mostly vacant with a few barns. They would like to complete a market study and Alternative Urban Areawide Review (AUAR) to determine the best land uses for the property. The AUAR is a planning tool that communities can use to evaluate different development scenarios and environmental impacts on the property. The LaValle's are proposing to request a $40,000 grant for the market study and AUAR. They will be responsible for the match. A land use study has not been conducted for the property. It is in staff's opinion that this is a good use of grant money and recommends approval to authorize staff to apply for the grant on the LaValle's behalf. 6. Update on Lions Park and Downtown Redevelopment Staff will provide an update on Lions Park construction plans and downtown redevelopment. If you need accommodations for the EDA meeting please contact Rachel Juba at (651) 762-6304 or rjuba@ci.huxo.mn.us, thank you.