07-27-2016 EDAAEDA Board Meeting
City Center — Main Conference Room
11:30 AM Wednesday, July 27, 2016
Updated: 26 July 2016
AGENDA
Call to Order
11. Approve Agenda
111. Review Minutes
A. June 15th Finance Team Meeting
B. June 22nd EDA Board Meeting
IV. Review of June EDA Financial Statements — Andy Reid
BR&E Visits
Marketing Metrics
Website Updates 1
Facebook Updates 17
Twitter Activity 17
V. Director's Report
A. Marketing Plan: FB = 146, T = 48
B. Business recruitment/ expansions
C. Downtown signage project update
D. Hotel Project Update — Ehlers Analysis Cost = $1,720 (went over budget)
VI. Hutchinson Enterprise Center
A. Project Update
B. Project Funding
1. EDA Contribution $624,911
2. Fronting TIF Dollars $137,500
VII. Consider revision of downtown program boundaries
Finance Team recommends expansion of program area to include the area around Depot Marketplace
VIII. Workforce Development Plan
A. Project Update
B. Authorization to Release Funds
$300,000
IX. Hutchinson Enterprise Center
A. Project Update
B. License Agreement with Northwest Regional Planning Commission (NWRPC)
X. Old Medical Clinic Proposal(s)
One proposal received (but incomplete) — consider extending deadline to September 16�h
X1. Grant & Loan Program Applications
Commercial Rehabilitation Loan Program
Marc & Michelle Max — 134 Main Street South $30,000
(Awaiting bid documentation, but otherwise complete) 10 years @ 3.5%
XII. Grant & Loan Program Applications — none
XIII. Other Business: Update on High School Renovations (baron Vanderheiden)
XIV. Set Next Meeting — 11:30 AM Wednesday, August 24th 2016
XV. Adjourn