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<br /> 1 <br />CITY OF LINO LAKES <br />ECONOMIC DEVELOPMENT <br />ADVISORY COMMITTEE <br />MINUTES <br /> <br />MEETING DATE: September 5, 2019 <br /> <br />MEMBERS PRESENT: Jim Schueller, Andrew Cravero, Don Johnson, Chad Wagner, Thomas <br />Colgan, Julie Jeffrey-Schwartz, Nathan Vojtech, Patrick Kohler <br /> <br />MEMBERS ABSENT:, Michael Ruhland <br /> <br />OTHERS PRESENT: Mike Grochala, Mara Strand, Katharine Dowlding <br /> <br />APPROVAL OF MINUTES <br /> <br />It was moved by Mr. Cravero to approve the minutes from July 2, 2019. The motion was <br />seconded by Mr. Johnson, passing unanimously. <br /> <br />DISCUSSION ITEMS <br />A. Board Member Strengths and Experiences. <br /> <br />Mr. Schueller stated that he wanted to discuss members strengths and experiences to assist <br />businesses within the community. He noted, however, that given the upcoming election and <br />possible new council he requested that the item be tabled until the first of the new year. <br /> <br />Board members noted that finding employees seems to be one of the most difficult issues <br />facing local businesses. Opportunities to attract employees should be investigated. <br />Transportation was noted as one of the biggest problems. Mr. Grochala noted that Anoka <br />County hosts monthly job fairs that employers are welcome to attend. <br /> <br />B. Business Retention Expansion (BRE) Program Visits <br /> <br />Mr. Grochala stated that several businesses responded on the BRE survey that they would <br />welcome a meeting with the City to discuss their operation. He explained staff will be <br />setting up meetings in October and November. It was suggested that this would be a good <br />opportunity for committee member outreach by accompanying staff on these meetings. A <br />sign-up sheet for EDAC members interested in participation will be made and distributed. <br /> <br />C. Lyngblomsten TIF recap. <br /> <br />Mr. Grochala provided an update on the Lyngblomsten Tax Increment Financing request. <br />He stated that the City Council approved the request detailed in the staff report. A total of <br />$3.6 million will be provided. The TIF note is expected to be paid off within 7.5 years <br />based on an initial taxable market value of $33,000,000. <br />