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Klein stated that the City needs to be aggressive now. He does not want the City to be <br />seen as a lender. He is comfortable with the 60% LOC requirement. He would like to <br />move forward with this policy. <br />Arcand made motion, seconded by Klein, to make a recommendation to the City Council <br />to maintain the 60% LOC requirement and approve the policy. <br />Four ayes. Two nays. Motion carried with a 4-2-0 vote. <br />Bever made a motion, seconded by Denaway to make a recommendation to the City <br />Council to be more aggressive and consider more expansion to the policy to spur <br />economic development. <br />All ayes. Motion carried. <br />UPDATE ON CITY MARKETING <br />Rachel Juba updated the EDA on the city marketing efforts staff has been working on. <br />Staff has included profiles to help market the City in terms of community profile, <br />demographics, economic development, consumer spending, and housing. These profiles <br />are also available on the website under Economic Development. She concluded in saying <br />that staff is currently working on handouts pertaining to traffic counts and workforce <br />within the City. <br />UPDATE ON CGI COMMUNICATIONS — CITY VIDEO TOUR <br />Rachel updated the EDA on the CGI Communication efforts with the City. CGI has <br />approached the City on their Community Video Program which would provide the <br />production, editing, voice-overs, and background music on a "Welcome from the Mayor" <br />video and three additional videos to showcase various aspects of the Hugo community. <br />This will be free of charge to the City with an agreement that the City make the videos <br />available for viewing through the City's website as well as featured on Relocate.org, <br />which is said to be the largest relocation network in the nation. In addition, CGI will <br />approach area businesses to offer an opportunity to take advantage of this program by <br />advertising on the site. At its March 18, 2013, meeting the City Council approved <br />Community Video Tour Agreement and the letter of introduction to be mailed to area <br />businesses per the agreement. <br />UPDATE ON WASHINGTON COUNTY ECONOMIC DEVELOPMENT <br />EFFORTS <br />Staff updated the EDA on Washington County's Economic Development efforts. <br />UPDATE ON DOWNTOWN REDEVELOPMENT <br />Staff did not provide an update on downtown redevelopment due to time constraints. <br />