Minutes - Economic Development Authority - 10/13/2011

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extension along 167 Avenue to his property, he would pay the cost of sprinkling that portion of the building as required by code and the connection to the city water main. Mr. Buttenhoff estimated his costs for a fire suppression system and water main connection could range from $100,000 to $125,000. If the City extended a 12" water main along 167 Avenue for about 750 feet the construction costs was approximately $180,000. The EDA Fund and Water Utility Fund could be used to pay for the City's portion of the project. The City's new water line could serve other commercial properties in this commercial node and facilitate redevelopment efforts in the area. Member McGlone questioned the need for the water main extension along 167 Avenue. He pointed out the existing water main along Quicksilver Street was a. closer connection for Mr. Buttenhoff than 167 Avenue. And it would not require a large City investment. Public Works Director Olson pointed out that connecting to the southwest would not serve other commercial uses and would not begin a loop back to the City's water tower. He indicated that a portion of the trunk permit fees for the project would be retained by the City if the extension is along 167 Avenue. Discussion ensued regarding the location of the City water main connection to the building. Members discussed the proposed 750 foot extension on the south side of 167 Avenue, the most effective connection for future use and for the current fire suppression need, the possible extension of the Interim Use Permit to Hope Fellowship, and the building code adopted by ordinance. Also, members discussed the cost involved to extend water, including that the trunk fees collected for the southwest side connection going entirely to the bank. If the City extends the water main, Mr. Buttenhoff would connect the building to the north. Consensus of Board Members and Mr. Buttenhoff was that the connection should be on the southwest side rather than extending the water main to the north. Case #4: COR Status Report Deputy City Administrator /Community Development Director Nelson presented the Staff Report that discussed the activity in the COR. The VA Clinic grand opening will take place on November 11, 2011 at 1:00 p.m. The PACT Charter School will start the day with a program to honor veterans at 8:00 a.m. It is expected to be a highly attended event with local media coverage. A rail announcement event is being planned for November 16, 2011. MEMBER INPUT Economic Development/Marketing Manager Backman reminded members of the business tours on Monday, October 17, 2011, Green Valley Greenhouse at 3:00 p.m. and Life Fitness at 4:30 p.m. Members discussed a date for the EDA business networking event and it was determined that it will take place on December 1, 2011. Economic Development Authority/October 13, 2011 Page4of5