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The EDA determined that it was in the best interest of the City to postpone entering into <br />an agreement with a marketing firm, until the City determines whether or not projects <br />already being worked on by City staff are viable. EDA requested staff thank each of the <br />applicants for their submissions and notify them of the EDA decision to postpone a <br />decision. <br />UPDATE ON WASHINGTON COUNTY ECONOMIC DEVELOPMENT <br />WORKGROUP <br />Rachel informed the EDA that David Unmacht of Springsted Inc. would be present at the <br />November 12th EDA meeting to present the process being taken by the workgroup. <br />Bryan stated that David would be looking for input from the EDA about the process and <br />requested they each take some time to prepare themselves. <br />UPDATE ON DOWNTOWN DEVELOPMENT <br />Bryan informed the EDA that Bill Lentsch is preparing to submit an application with the <br />City for a 100 unit senior housing project. The project is to be located west of Lions <br />Park, and potentially accompanied by market rate apartments. The senior housing will be <br />managed by Keystone Senior, LLC. Keystone Senior would be new to the State of <br />Minnesota, as currently it only has facilities in Iowa, Massachusetts, Ohio, and Colorado. <br />Denaway commented that it was important that the senior housing project and the market <br />rate apartments were located on two separate parcels to ensure future finance flexibility. <br />Arcand inquired if any movement was taking place with downtown property owned by <br />Pete Sampair. Bryan informed the EDA that while there is an interested developer, no <br />movement had taken place because an additional private land transaction needed to take <br />place to allow for an extension of Finale Avenue. Both parties would benefit from this <br />extension. <br />EDA DISCUSSION <br />Arcand requested an update on NRI. <br />Bryan informed the EDA that steady progress was being made on the site. Once the site <br />is clear the property owner will be moving the location of the vehicle scale, removing the <br />northern driveway access, re -grading the site, paving areas, and installing new <br />landscaping. <br />ADJOURNMENT <br />Klein made a motion, seconded by Puleo, to adjouni at 5:43 pm. <br />All ayes. Motion carried. <br />