2015.05.19 EDA Agenda Packet - Laserfiche WebLink

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BACKGROUND MEMO FOR THE EDA MEETING OF TUESDAY, May 19, 2015 3. APPROVAL OF MINUTES Staff recommends approval of the minutes from the April 14, 2015, EDA meeting as presented. 4. DISCUSSION ON MARKETING OF CITY OWNED PROPERTY At its April 6, 2015, meeting, staff presented the marketing idea, including suggested development criteria for projects to be eligible to purchase the property for $1.00, to the City Council. The City Council directed staff and the EDA to proceed with the development incentives and criteria. The Council also directed staff to contact the St. Paul Port Authority (SPPA) to see what they would charge to market the City property, with a report back to the Council. At its Tuesday, April 14, 2015, meeting staff presented the revised development criteria and provided an update on the SPPA options and costs to the EDA. The EDA provided feedback on the development criteria and made a recommendation to the City Council to allow staff to market the property with monthly updates to the EDA. At its May 4, 2015, meeting staff presented the marketing brochure and recommendation from the EDA to allow staff to market the property with monthly updates. The Council asked for a document outlining the marketing effort of staff and asked to report back to the City Council in September on the marketing of the property. Staff completed a basic outline of a marketing plan for the City owned properties in downtown. Staff recommends that the EDA review the outline and provide feedback to staff. Staff will provide the EDA with an update on the marketing efforts so far. 5. DISCUSSION ON EDA MEETING DATE AND SCHEDULE Staff would like to have a discussion on the EDA meeting date and schedule. Please be ready with days and times you are available to meet for the discussion. 6. UPDATE ON DOWNTOWN REDEVELOPMENT Staff will update the EDA on downtown redevelopment.