05-27-2015 EDAAEDA Board Meeting
Main Conference Room — City Center
11:30 AM Wednesday, May 27th, 2015
Updated: 22 May 2015
AGENDA
I. Call to Order
II. Approve Agenda
III. Review Minutes
A. April 15th 2015 Finance Team Meeting
B. April 22nd EDA Board Meeting
IV. Review of April EDA Financial Statements — Andy Reid
BR&E Visits
Goebel Fixture Company
Innovative Foam
Marketing Metrics
Website Updates 4
Facebook Updates 21
Twitter Activity 17
V. Director's Report
A. BR & E Visits F. Ohly update
B. Marketing Plan Report — 107 FB likes G. FORMSTACK update
C. JumpStart Manufacturing Update H. 7,000 sf office space
D. Hutchinson Way -Finding & Signage Plan Update I. Grocery Stores
E. McLeod County Solid Waste & Energy Park Update
VI. How to utilize $763,750 DEED Grant — Discussion
■ Originally we obtained this grant for the proposed small business incubator -spec building.
■ Another proposed use is for the CTE Academy at the High School to help train workers for
local manufactures.
VII. Downtown Redevelopment
A. Consider further revision to Development District # 4 Boundaries
B. Consider recommendation to proceed with TIF District Modification
C. Consider pursuing a 2 -year option for the old medical clinic site
VIII. Annual Manufacturer's Dinner during Manufacturing Week — Discussion
■ Limit to manufacturing owners, managers, EDA Board & Finance Team / perhaps 40-50
guests / appreciation / relevant information / networking
IX. Fagade Improvement Program / Storefront Revitalization Matching Grant
■ Consider grant vs. forgivable loan program
■ Consider modification of Fagade Improvement Program rules under the Work Completion
heading on the final page (see attachment — strieken language added language.
■ Discussion: May previous S&A program recipients apply for the balance of the maximum
amount allowed less than 8 years after that award if they did not originally receive the current
maximum or more? Ex. Received $859 in 2010 and needs to repair the sign now. May they
apply for $141 toward the repair costs?
X. Grant & Loan Program Applications
Facade Improvement Program
LTC Properties, 235 3 raAve. SE (Landy Lodge) $2,500
Downtown Commercial Rehabilitation Loan Program
BARTCO Properties, Steve Barton, 24 Main Street S. $22,000
10yr @ 3.25%
XI. Other Business
XII. Set Next Meeting — 11:30 AM Wednesday, June 24th, 2015
XIII. Adjourn