2013.06.11 EDA Minutes - Laserfiche WebLink

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MINUTES FOR THE EDA MEETING OF JUNE 11, 2013 Klein called the meeting to order at 5:00 pm. PRESENT: Arcand, Bever, Denaway, Gallivan, Klein, Puleo and Weidt ABSENT: None STAFF: Bryan Bear, City Administrator Rachel Juba, Planner APPROVAL OF MINUTES FOR THE EDA MEETING OF MAY 14, 2013 Klein made motion, Puleo seconded, to approve minutes for the EDA meeting of May 14, 2013. All ayes. Motion carried. UPDATE ON ASSESSMENT POLICY At its May 20, 2013, meeting the City Council considered recommendations from the Planning Commission and EDA on the revisions to the assessment policy regarding financing infrastructure projects. The City Council approved the revisions at the meeting. Staff has included the revised policy and Exhibit A. At its June 3, 2013, meeting the City Council approved the feasibility study and assessment agreement with Len Pratt for construction of Rosemary Way. Staff will continue to work with Mr. Pratt to get the agreement signed and obtain a letter of credit for 60% of the construction cost plus interest, prior to construction plans being drafted. UPDATE ON CARPENTERS AND CITY OWNED PROPERTY On May 20, 2013, the City entered into a purchase agreement for the Carpenters properties. The City will pay all back taxes, liens, and mortgages as the result of the purchase. The properties total 1.34 acres and abut the properties the City owns to the north. Staff updated the EDA on the purchase agreement for the former Carpenters Parcels and that the closing will be in early July. The purchase agreement for the City owned properties with FBF, LLC, has expired as of May 21, 2013. Staff discussed how the EDA would like to proceed with marketing of the properties. Staff provided ideas to the EDA on how to market the City owned properties in downtown. Some of the ideas included a request for proposals (RFP), continue working with FBF, LLC, contact other commercial realtors, and creating a marketing packet. Puleo stated that with the Carpenters parcels the property seems to be more marketable. Bever asked about completing an RFP process for the properties.