12-28-2016 EDAAEDA Board Meeting
City Center — Main Conference Room
11:30 AM Monday, December 28th, 2016
Updated: 21 November 2016
AGENDA
I. Call to Order
11. Approve Agenda
111. Review Minutes
A. November 16th Finance Team Meeting
B. November 21St EDA Board Meeting
IV. Review of November EDA Financial Statements — Andy Reid Marketing Metrics
V. Director's Report Website Updates 1
A. Marketing Plan: FB = 151, T = 58 Facebook Updates 16
B. Business recruitment/ expansions Twitter Activity 16
C. Old Medical Clinic Redevelopment
D. Hutchinson Enterprise Center — construction contract signed
E. Hotel Project
F. Contamination Clean-up Grant Application = $249,225 (should know by Tuesday)
G. Meetings:
■ HTI with Steve Misuta, Dale Ruzicka & Mark Jelkin
■ Local Legislative Contingent
VI. Workforce Development Plan
A. Expand Funding Support to Automotive?
B. Updates:
■ Marketing: Hutchinson Leader, Enterprise Minnesota, Precision Manufacturing, Minnesota
Business
■ Congressman Colin Peterson visit (fall of 2017?) — Jackie Anderson, Economic Development
Officer
■ FESTO possibility
C. Partner's Summit (Monday, February 6�h @ Zella's)
VI I. Request for Loan Subordination (Marc & Michelle Max)
■ CB&T has 1 St mortgage in the amount of $120k on a property at 134 Main St S.
■ EDA has 2nd mortgage of $30K
■ Owners desire to increase their CB&T mortgage to $162,150
■ 2016 tax assessed value of $216,200 (no appraisal required by CB&T).
VIII. Discuss Goals & Objectives for 2017
IX. Grant & Loan Program Applications — None
X. Other Business
■ Economic Development Director performance review coming up...
X1. Set Next Meeting — 11:30 AM Wednesday, January 25th, 2017
XII. Adjourn