10-26-2011 EDAAEDA Board Meeting
Main Conference Room — City Center
11:30 AM Wednesday, October 26th, 2011
Updated: 26 October 2011
AGENDA
I. Call to order
II. Approve agenda
III. Review meeting minutes
A. September 28th Board of Directors
B. September 21St Finance Team
IV. Review of September financial statements — Andy Reid
V. Director's Report
A. Minnesota Angel Network — monthly report
B. Federal grant status (Industrial Park): $238,955 remaining — still waiting
C. Business Recruitment Update
D. BDPI Grant - $250,000 (due 10/28)
E. Downtown Program Outreach
F. Marketing Plan Update
G. Stritesky Parcel — top bid = $335.10 / acre $25,926.69 for the year (Luthens)
VI. Consideration of Revision of Storefront Matching Grant Program Rules
(Currently the program prohibits applicants from using the Downtown RLF as their required match.
Finance Team is recommending allowing use of RLF as the match, thereby enhancing the effectiveness
of this program.)
VII. Inquiry about Finance Team Membership
(Nathan Matti, business banker at MidCountry Bank, inquired about becoming a member of the Finance
Team. Finance Team is recommending his appointment.)
BR & E Visits
VIII. Project Update: Depot renovation / Farmer's Market
✓ Customer Elation
IX. Grant & Loan Applications ✓ Hutchinson COOP
A. Storefront Matching Grant
Mark Dawson -The Hairy Edge $3155
6 North Main Street
Robert Schlueters — Salon Montage $2005
133 South Main Street
B. Sign & Awning
Mark Dawson -The Hairy Edge $1350
6 North Main Street
X. Other business
EDA Strategic planning as part of City's comprehensive plan update.
XI. Chamber update
XII. Set next meeting — November 23rd
XIII. Adjourn