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<br />Chairperson Riley verified with Economic Development Coordinator Sullivan that the $2,000.00 <br />is included in the budget. <br /> <br />Motion by Member LeTourneau, seconded by Member Kiefer, to select The Links at Northfork <br />as the location for the Business Appreciation Day and to remit the deposit payment of $250.00 <br />AND to select, August 19, 2008 as the Business Appreciation Day date AND to select Wells <br />Catering as caterer for the Business Appreciation Day AND to authorize $2,000.00 for <br />supplemental funding for the 2008 Business Appreciation Day event. <br /> <br />Member Kiefer commended Economic Development Coordinator Sullivan and staff for having <br />done an outstanding job on this event with a very minimal budget. <br /> <br />Motion carried. Voting Yes: Chairperson Riley, Members LeTourneau, Kiefer, and Steffen. <br />Voting No: None. Absent: Members Elvig and Strommen. <br /> <br />Member Kiefer requested staff to send a letter from the EDA Board to the Ramsey Rotary <br />recognizing and thanking them for their participation and support in the Business Network <br />Meeting. <br /> <br />Case #6: <br /> <br />Staff Update <br /> <br />The EDA reviewed the Staff Update. <br /> <br />There was discussion re~arding the Hwy 47/16ih Commercial Node. Member Kiefer inquired if <br />the new ownership by 5t Street Ventures across the street from SuperValu is an opportunity for <br />the EDA to step in and try to help facilitate this node. Economic Development Coordinator noted <br />nothing has changed at this time. There has not been a median installed or changes in this area. <br />The reason for the EDA's involvement in Sunfish Commons was the change in conditions. He <br />advised against specific involvement in any of these properties. <br /> <br />Member Kiefer pointed out there had been discussion of creating a TIF district in this area to <br />help facilitate bringing forward things that the study the EDA had funded some time ago had <br />identified like a pharmacy, deli and housing. It had been discussed that there was an opportunity <br />for the HRA to work jointly with this group on such a project. Economic Development <br />Coordinator Sullivan pointed out that the timing was right to look at this type of thing when the <br />housing market was going well, as it was back then, and a sewer/water pipe was expected in that <br />. area. Now with the housing market as it is he does not know if the priority is to run the sewer <br />pipe up there as it was considered before. He suggested when conditions improve it might be a <br />better time for this. <br /> <br />Member Kiefer commented putting the sewer issue aside, there are some that project the housing <br />market will turn around in six months to one year. In light of that if the process were to be started <br />now, by the time the market might turn around the City could be ready to participate due to the <br />time it takes to go through the process. Economic Development Coordinator Sullivan indicated <br />staffhas conveyed to the new owner, 5th Street Ventures, that the City is listening and is open for <br />suggestions. He also informed them there is property for sale across the street. He noted the <br /> <br />Economic Development Authority/April 10, 2008 <br />Page 12 of 14 <br />