2011.07.11 EDA Minutes - Laserfiche WebLink

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owner and he seemed interested. Staff will continue to work with the property owner to help him lease the space. UPDATE ON THE BUSINESS NETWORKING BREAKFAST The EDA and HBA business networking breakfast was held on Tuesday, June 28, 2011. Washington County Attorney, Pete Orput, spoke to the group about identity theft. There were over 50 people that attended the event. Miron stated that the business breakfasts are important and they should continue. UPDATE ON CITY RENTAL PROPERTIES The print shop building has been leased out to an individual that cleans foreclosed properties and will use it for storage. The barber shop area will soon be vacant, as Pricilla will be leaving the business. The house that the City owns to the north will also be vacant. Staff will walk through the rental house to see if it will be rented out again. Miron asked staff to provide information on the rental properties in regards to costs. UPDATE ON MIXED-USE DEVELOPMENT LCDA GRANT Staff helped Pete Sampair complete the Met Council's Livable Communities development grant pre -application for a mixed-use development that was due in May 2011. Staff received the feedback from the Met Council on June 13, 2011. They stated that although we are welcome to submit the full application, the project does not seem ready to be competitive in the application process. There is a predevelopment grant, designed for providing money for planning a development, which Mr. Sampair is applying for. Staff will continue to update the EDA on the progress of the grant application. UPDATE ON DOWNTOWN REDEVELOPMENT The purchase agreement for the Ricci's property has been canceled. Staff will continue to talk to the bank on the demolition of the building. The City is continuing to work with the development team that has the purchase agreement on the City owned property. Staff updated the EDA on the Minneapolis/St. Paul Business Journal article on Hugo being the fast growing City in the metro area. ADJOURNMENT Klein made a motion, seconded by Bever, to adjourn at 10:30 am. All aye. Motion carried.