04-25-2012 EDAAEDA Board Meeting
Main Conference Room — City Center
11:30 AM Wednesday, April 25th, 2012
Updated: 25 April 2012
AGENDA
XV. Call to order
XVI. Approve agenda
XVII. Review meeting minutes
A. March 28th Board of Directors
B. March 21St Finance Team
XVIII. Review of March financial statements — Andy Reid
XIX. Director's Report
A. Federal grant status (Industrial Park): $238,955 remaining —12 waiting...
B. Business Recruitment
■ Company "X" — challenge is lack of broadband internet
■ Company "Y" — no deal with HTI
C. Minnesota Angel Network Update
XX. Depot Marketplace Project Update / Discussion BR & E Visits
Nordic Components
XXI. Future industrial park development — Phasing Plan
■ Please refer to handout
XXI I. Update / privatize existing EDA webpage $4,600 + $60 / mo website hosting
■ Update will bring our existing site into conformance with the marketing campaign website.
■ Also allows staff to make updates from their own desktop.
■ The City is evaluating phasing out of the website business, so we will need to privatize our
internet presence. (Vivid Image)
■ Proposed funding: Operating budget (currently projecting a $8,500 balance at year -end)
■ Finance team is recommending approval.
XXIII. Grant & Loan Applications
Sign & Awning Grant Program
Hutchinson Family Dental - David Mach $1,998.14
36 Washington Ave. W.
Main Street Sports Bar — Joe Mayland $1,987.59
16 &18 Main St
Storefront Revitalization Matching Grant Program (two separate lots / buildings)
Main Street Sports Bar — Joe Mayland $5,000
16 Main St
Main Street Sports Bar — Joe Mayland $5,000
18 Main St
XXIV. Other business
XXV. Chamber update
XXVI. Set next meeting — May 23 d
XXVII. Adjourn