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Commissioner Denaway stated that as a tool for the EDA, we can drop the land price, which could <br />bring in more interest. Bergeson stated me has been conveying that. <br />Chairman Weidt stated that there was already a restaurant design done for the city owned property. <br />Bergeson stated that he recently received permission to use those plans. <br />Commissioner Denaway asked Bergeson if he had shown anyone the site to anyone aside from <br />Bill Lentsch. Bergeson said no. <br />City Administrator Bear stated that the comparable properties that Bergeson provided shouldn't <br />guide the EDA for pricing. Bergeson stated that he agrees and that the comparables provided were <br />the closest he could find given limited time. Bear asked if Wakota Commercial or Bergeson got <br />the phone calls received from the phone number listed on the sign posted on the city owned <br />property. Bergeson answered saying no but he should be getting the calls, and would try to ensure <br />that happens. <br />Planner Juba asked Bill Bergeson if he posted the city owned property on MNCAR.org. Bergeson <br />answered yes. <br />DISCUSSION ON MARKETING OF CITY OWNED PROPERTY IN DOWNTOWN <br />HUGO <br />The EDA collectively agreed that the site has a lot of advantages that should make it attractive to <br />developers. <br />Chairman Weidt asked how long the City's contract with Wakota Commercial is. Planner Juba <br />answered saying April 4th, 2015. City Administrator added that the City has the option of <br />cancelling the contact early with a 30 day notice. <br />The EDA collectively decided to issue a 30 day notice to Wakota Commercial in order to cancel <br />their contract to market the city owned property located in Downtown Hugo. The EDA directed <br />staff to prepare options to move forward at the next meeting. <br />UPDATE ON COMMERCIAL REALTOR FORUM <br />Planner Juba provided a recap of the previous discussion on the Commercial Realtor Forum. The <br />EDA concluded that the City was doing a good job but that more economic development outreach <br />was needed. <br />Planner Juba also provided background information on Minnesota Commercial Association of <br />Real Estate (MNCAR) partnership opportunities. These options included an annual membership <br />or co -sponsoring an event. EDA concluded that the may consider these options moving forward <br />and directed staff to provide additional information at its next meeting. <br />