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Economic Development EXTRA The goal of the Hugo Economic Development Authority (EDA) is to create a thriving community with diverse jobs and tax base, brought about by specific emphasis on business retention, business expansion, and business attraction. Hugo's business community is rapidly expanding due to strong residential growth and an attractive business environment. The City had 52 new residential homes built as well as 4 commercial constructions in 2013. LaValle Fields A preliminary plat and planned unit development (PUD) has been approved for property located west of Lions Parks and north of CSAH 8. The project is proposed to consist of 130 senior housing units as well as 165 apartment units. The senior housing project is the first phase and is expected to make a site plan application this year. The developer has stated that some land will be dedicated to add to Lions Park. Downtown Land to be Marketed The City owned land across from City Hall, now totaling 5 acres, is for sale and available for commercial development. The EDA, after a thorough interview process, recently hired Highpointe Reality and Wakota Commercial Advisors to market this property. Fox Meadows The Meridian Land Company is in the process of applying for a residential project, called Fox Meadows. This development will consist of around 57 single family lots. Lots Available Hugo remains a prime place to live in Minnesota. Our residential statistics reflect this. There are 76 single family homes, and 149 multi -family units available. For more information on these properties, check out the Planning/Community Development section of the city website. Questions? Please contact City Planner Rachel Juba at 651-762-6304. Housing Market Update Hugo's total foreclosures has been declin- ing since 2010. The City's Building Depart- ment inspects foreclosed properties so that they are properly maintained so as to not effect surrounding properties. Hugo's declining foreclosure rate is also a result of the increase in total homes from new residential development. The City expects to see this trend continue. 2008 2049 2010 2011 2012 2013 ■ Total Hones in Hugo Kidz 'n Biz Fest 2014 - Kidz 'n 0,4-Kidz'n Biz Fest Saturday, April 26 Oneka Elementary 11:00am - 2:00pm Sponsored by the Hugo Business Association and the City of Hugo Economic Development Authority. D III! I - Irin? 71r 3P Annual if Good Neighbor Days June 5-8 2014 Good Neighbor Days June 5th - 8th Lions Park Join in celebrating Hugo with great music, food, beer garden, petting zoo, carnival rides, and fireworks! Hosted by the Hugo Lions Club. loop as well as 165 apartment units. The senior housing project is the first phase and is expected to make a site plan application this year. The developer has stated that some land will be dedicated to add to Lions Park. Downtown Land to be Marketed The City owned land across from City Hall, now totaling 5 acres, is for sale and available for commercial development. The EDA, after a thorough interview process, recently hired Highpointe Reality and Wakota Commercial Advisors to market this property. Fox Meadows The Meridian Land Company is in the process of applying for a residential project, called Fox Meadows. This development will consist of around 57 single family lots. Lots Available Hugo remains a prime place to live in Minnesota. Our residential statistics reflect this. There are 76 single family homes, and 149 multi -family units available. For more information on these properties, check out the Planning/Community Development section of the city website. Questions? Please contact City Planner Rachel Juba at 651-762-6304. Housing Market Update Hugo's total foreclosures has been declin- ing since 2010. The City's Building Depart- ment inspects foreclosed properties so that they are properly maintained so as to not effect surrounding properties. Hugo's declining foreclosure rate is also a result of the increase in total homes from new residential development. The City expects to see this trend continue. 2008 2049 2010 2011 2012 2013 ■ Total Hones in Hugo Kidz 'n Biz Fest 2014 - Kidz 'n 0,4-Kidz'n Biz Fest Saturday, April 26 Oneka Elementary 11:00am - 2:00pm Sponsored by the Hugo Business Association and the City of Hugo Economic Development Authority. D III! I - Irin? 71r 3P Annual if Good Neighbor Days June 5-8 2014 Good Neighbor Days June 5th - 8th Lions Park Join in celebrating Hugo with great music, food, beer garden, petting zoo, carnival rides, and fireworks! Hosted by the Hugo Lions Club.