06-22-206 EDAAEDA Board Meeting
City Center — Main Conference Room
11:30 AM Wednesday, June 22, 2016
Updated: 16 June 2016
AGENDA
Call to Order
11. Approve Agenda
III. Review Minutes
A. May 18th Finance Team Meeting
B. May 25th EDA Board Meeting
IV. Review of May EDA Financial Statements — Andy Reid
V. Director's Report
A.
Marketing Plan: FB = 145, T = 45
B.
EDA Website update
C.
Business recruitment/ expansions
D.
Old Medical Clinic Project update
E.
Downtown signage project update
F.
Workforce Development Plan update
G.
Industrial Park light pole damage
VI. Draft EDA 2017 Budget
BR&E Visits
Marketing Metrics
Website Updates 10
Facebook Updates 13
Twitter Activity 13
VII. Revenue Opportunity
The City of Silver Lake has expressed an interest in contracting with the Hutchinson EDA to aid them
with a downtown redevelopment project.
VIII. Hotel Project
A. Project update
B. Environmental Work (Braun Intertec) $23,450
IX. Hutchinson Enterprise Center
A. Project Update
B. Project Funding
1. EDA Contribution $624,911
2. Fronting TIF Dollars $137,500
X. Update on High School Renovations — Daron Vanderheiden
XI. Grant & Loan Program Applications — none
XII. Other Business
■ Consider resolution in support of restoring funding for Minnesota Investment Fund & Job
Creation Fund
XIII. Set Next Meeting — 11:30 AM Wednesday, July 27, 2016
XIV. Adjourn