EDA Packet 05.17.22 - Laserfiche WebLink

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MINUTES FOR THE EDA MEETING OF MARCH 15, 2022 Chair Weidt called the meeting to order at 5:30pm. PRESENT: Arcand, Chrun, Gallivan, Klein, Puleo, Roberts, Weidt. ABSENT: Denaway STAFF: Bryan Bear, City Administrator Rachel Juba, Community Development Director Emily Weber, Community Development Assistant APPROVAL OF MINUTES FOR THE EDA MEETING OF FEBRUARY 15, 2022 Commissioner Klein made a motion, seconded by Commissioner Roberts, to approve the February 15, 2022 EDA meeting minutes. Ayes: All. Nay: None. Motion carried. UPDATE ON DOWNTOWN DEVELOPMENT PROJECT Staff provided background on the Downtown Hugo development project. At their September 15, 2020 meeting, Mr. Trooien has been working with the TEP and wetland regulators including the DNR on his application that includes boardwalk piers in wetlands. The application has been approved. Mr. Trooien is requesting an extension to close on the first and second phase development and for the completion date of the project phases. The proposed closing date is September 30, 2022, with an option to extend until January 31, 2023. Mr. Trooien addressed the EDA and stated that they have been working very hard on moving the project along. The project has been a much more lengthy process than it was expected. Denny is simply asking for more time to meet the previous deadlines. President Weidt ask about the marketing of the property. Mr Trooien stated there was a letter of intent with the Muddy Cow a year ago but they had to make changes. Limited marketing thus far due to the hold up with the TEP. Denny stated that the PUD application was submitted in October 2021. The application is now complete. Commissioner Klein stated he doesn’t see a problem with the extension. The EDA agreed. Puleo asked if the wetland impacts have been approved. Staff stated yes. The PUD still needs to be approved at the Planning Commission and City Council. Motion by Klein, seconded by Chrun to approve the requested extension.