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<br />costs associated with developing the property south of Highway 10. The site north is less <br />expensive to purchase and develop. <br /> <br />Chair Riley stated that based on price, the property south of Highway 10 will not be pursued at <br />this time. Econ0mic Development Consultant Mulrooney pointed out that there are other reasons <br />besides price for looking at the property north of Highway 10 for future industrial park <br />development. It is closer in proximity to the rail and closer in proximity to commercial and retail <br />sites. . He feels the Metropolitan Council would be receptive to changing the Comprehensive <br />Plan due to the job creation associated with industrial park development. <br /> <br />No direction at this time. The. EDA will not be pursuing the property south of Highway 10 at <br />this time, and will stay open-minded about discussing the pursuit of other property. <br /> <br />Case #5: <br /> <br />ICSC CHICAGO UPDATE AND FUTURE ICSC PARTICIPATION <br /> <br />Economic Development Coordinator Sullivan presented Case #5. <br /> <br />Economic Development Coordinator Sullivan gave a brief overview of the lCSCChicago <br />Dealmaking trip, and shared pictures of "The Glen", which is a transit based development <br />located in the Village of Glenview. Although this is a slightly different market than what we <br />have here, the rail stop tour was informational. <br /> <br />Discussion followed as to whether or not the EDA would authorize the funding of the following <br />items: <br /> <br />1) lCSC membership dues for Economic Development Coordinator and City Administrator; <br /> <br />2) ICSC RECON conference registration, travel and lodging for the Economic Development <br />Coordinator and the City Administrator; <br /> <br />3) ICSC Dealmaking / Chicago conference registration, travel and lodging for the Economic <br />Development Coordinator and the City Administrator; . <br /> <br />4) Portion of the booth and marketing materials at lCSC RECON Conference. <br /> <br />A motion was made by Member LeTourneau to approve and authorize items 1 through 3 and not <br />item 4. Member Skaff seconded the motion. <br /> <br />Further Discussion: Member Elvig explained how helpful it was having a booth at the <br />conference because it was a place to call "home". It became a designated place to meet and <br />conduct business in a furnished and professional setting. Chair Riley feels that if those who <br />attended the conference recommend having a booth, then they should have a booth. <br /> <br />The original motion was amended to approve and authorize all four items as stated above. <br /> <br />Economic Development Authority / December 10, 2009 <br />Page 4 of7 <br /> <br />4 <br />