2010.03.08 EDA Minutes - Laserfiche WebLink

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MINUTES FOR THE EDA MEETING OF MARCH 8, 2010 EDA President Fran Miron called the meeting to order at 8:40 am. PRESENT: Jan Arcand, Tom Denaway, Jim Bever, Phil Klein, Brian Thistle and Fran Miron ABSENT: Mike Granger CITY STAFF PRESENT: City Administrator, Mike Ericson, Community Development Director, Bryan Bear, Planner, Rachel Simone, and Shayla Syverson, Economic Development / Parks Intern APPROVAL OF MINUTES FOR THE EDA MEETING OF FEBRUARY 8, 2010 Klein made motion, Denaway seconded, to approve the minutes for the EDA meeting of February 8, 2010. All ayes. Motion carried. SUBWAY — NEW OWNERSHIP Subway in Hugo has a new owner, Mike DeWeefe. He was present at the meeting to talk about the business and to answer any questions that the EDA may have. Staff recommended that the EDA welcome Mr. DeWeefe as a new business owner in Hugo. Mike stated that Tim Bolton is still a part of the ownership of the business. They plan to stay at their current location and if they were to move they would stay in Hugo. The sales at the store have been exceeding expectations and there has been lots of business from the trail in front of the store. He stated that they are very happy at their location and are looking forward to the improvements on Highway 61 this summer. DISCUSSION CITY OWNED PROPERTY DOWNTOWN Mark Finnemann, Richard Fischer, and Mike Brass, were present at the meeting to showcase their new concept plans for the City owned property in downtown. The team of developers has been to the EDA before to present their ideas for the City owned property. They have discussed the plans with the EDA. The development team has new concept plans for the city owned property that includes a 17,000 square foot building with adjacent parking. They stated that they have been in contact with a funeral home and a restaurateur. There would be a gathering area/event center between the uses that that could be shared by all tenants. There will be an owner of the building that will do all of the scheduling of the event center. They presented a letter of intent to the City to be able to market the property for a period of time. The EDA will discuss the letter of intent at another meeting. Although the plan was not presented to the EDA until the meeting, the EDA generally liked the plan and idea. They liked the idea of an event center and multi -use space. There was a small amount of discussion on the letter of intent and financials. The EDA recommended to the development team to think about the pedestrian friendly aspect of the plan and incorporate it as much as possible. As staff reviews the presented plan, the EDA will take a closer look at the concept for the property.