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might want to discuss, at a future meeting, the continuation of business tours, along with a <br />schedule. It was recommended that business tours be conducted at least one time per year. <br /> <br />Community Development Block Grant redevelopment (Chies/Morrell): Larry Morrell, from <br />Morrell's Trucking, had accepted the offer by the City to purchase his property for $265,000. <br />Discussions were continuing with Lorraine Chies and her son Don to finalize the terms of the <br />purchase of their property. Once the properties were acquired, the City would have one year to <br />demo and conduct :site improvements to clean up the sites. <br /> <br />Precise Metalcraft: DeWayne Muschik had put a down payment on property in the City to <br />construct a manufacturing facility. Staff was drafting a development agreement and was still <br />waiting for elevations and a site plan for the l l,000-square-foot project to be constructed this <br />summer. It was noted that a business subsidy agreement had been approved for Mr. Muschik. <br /> <br />Prospective Businesses: Staff reported that inquiries had accelerated over the past couple of <br />months. Many of[the inquiries were for projects that ranged in size from 8,000 to 15,000 initial <br />building sizes. The replatting of a portion of Sunfish Lake Business Park and the pending <br />acquisition on the Chies and Morrell properties should accommodate the need for the smaller lot <br />sizes needed by the prospective businesses. Mr. Sullivan noted that two Andover cabinet shops <br />had inquired about 10,000 to 15,000 square-foot areas. <br /> <br />MEMBER INPUT <br /> <br />None <br /> <br />ADJOURNMENT <br /> <br />Motion by Member LeTourneau, seconded by Member Steffen, to adjourn the meeting. <br /> <br />Motion carried. Voting Yes: Acting Chairperson Kiefer, Members LeToumeau, Steffen, <br />Gromberg, Kiefer,: Kurak, and Strommen. Voting No: None. Absent: Chairperson Riley. <br /> <br />The regular meeting of the Economic Development Authority adjourned at 8:34 p.m. <br /> <br />Respectfully submitted, <br /> <br />Marj °[:ie( ]~ Jenkin;s ~ <br />Recordin~ Secretary <br />TimeSaver Off Site Secretarial, Inc. <br /> <br />Amy Geisle~ <br />Associate ~fianner <br /> <br />Economic Development Authority / July 14, 2003 <br /> Page 7 of 7 <br /> <br /> <br />