2015.06.16 EDA Agenda Packet - Laserfiche WebLink

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MINUTES FOR THE EDA MEETING OF MAY 19 2015 Weidt called the meeting to order at 5:04 pm. PRESENT: Denaway, Gallivan, Houle, Petty, Puleo, and Weidt ABSENT: Klein STAFF: Rachel Juba, Planner Rachel Leitz, Community Development Intern APPROVAL OF MINUTES FOR THE EDA MEETING OF APRIL 14, 2015 Puleo made motion, Petty seconded, to approve minutes for the EDA meeting of April 14, 2015. All Ayes. Motion carried. DISCUSSION ON MARKETING OF CITY OWNED PROPERTY Planner Juba updated the EDA from the meeting of April 14, 2015. She reminded the EDA of their recommendation to the City Council to market the city -owned property with the criteria that was presented. Juba stated that on the May 4, 2015 meeting, the City Council approved Staff marketing the city - owned property and requested a marketing plan and an update in September. Juba began describing what has been accomplished in marketing the property. First, she wanted to acknowledge what the City had previously done with the property, which included acquiring the property, proper zoning, community input with the downtown design guidelines, and an update to the downtown market study. She stated that staff has created a summary of financing options, created a marketing brochure and marketing flyers, and has put the property for sale on MNCAR's website and LoopNet. Juba stated that staff will be attending MN Shopping Center Association and MNCAR events as well as sending out e-mail blasts to the top brokers in Minnesota with the property highlights and description. Gallivan asked if we have received any calls on the property. Juba stated that these listings were just put up last Thursday, so we have not received any phone calls from those yet, but still receive some inquiries regarding the property. Juba said she would expect to receive more phone calls when specific brokers have been reached out to. Juba concluded by saying that the City Council has requested an update in September and if the expected progress has not been made, there may be a re-evaluation of the marketing strategy and firing of a commercial broker.