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Regular Meeting Minutes dated January 28, 2014 Motion carried. Voting Yes: Chairperson Backous, Commissioners Riley, LeTourneau, Johns, Kuzma, Strommen, and Tossey. Voting No: None. 5. HRA BUSINESS 5.01: The Draw Summer Event Series Parks and Assistant Public Works Superintendent Riverblood reviewed the staff report and advised that park participation at The Draw has increased by 30% in 2013 over 2012, perhaps in part because of the upgrade in performers secured by the City of Ramsey Foundation. He displayed slides depicting each event and thanked the sponsors of each. Parks and Assistant Public Works Superintendent Riverblood described the advertisement and exposure provided for the sponsors to build community connections. He stated the concerts and Farmer's Market have a favorable economic impact for the community while also building familiarity with The COR, The Draw, and sponsoring businesses. Parks and Assistant Public Works Superintendent Riverblood asked the HRA to consider a $1,500 sponsorship for a Beatles tribute band on August 7, 2014. He indicated this amount was factored into the approved HRA. budget. Commissioner LeTourneau thanked Parks and Assistant Public Works Superintendent Riverblood and the Foundation for their work on the summer activities and stated he shares in the anticipation of the events. He stated he supports the HRA sponsoring an event and also sees the value provided to other businesses in the area that are sponsoring so he does not want the HRA's sponsorship to stand in the way of that occurring for another business. Parks and Assistant Public Works Superintendent Riverblood stated the cost for the performers (without donated time) will be double in 2014 when compared to 2013 so staff will have to pay attention to all their contacts to receive full funding. He stated in the future, it may be possible for the HRA to step away from funding an event when the businesses take over. Commissioner Strommen stated she also supports this sponsorship and had enjoyed the 2013 summer events. She noted the HRA does not need to brand itself within a sponsorship but she understands funding is important to fill a gap, so maybe that could be thought of differently should another business step forward. Parks and Assistant Public Works Superintendent Riverblood stated it may be a good transition to shift towards the Economic Development Authority (EDA) to call attention to what the EDA does and to also highlight and feature the business of the year. Chairperson Backous stated the Foundation has done a fantastic job to spearhead this effort and the City was blessed in 2014 with beautiful weather during the summer events. Parks and Assistant Public Works Superintendent Riverblood agreed it takes a great deal of effort to put these events together, including the City's intern and Foundation. Housing and Redevelopment Authority / February 25, 2014 Page 2 of 4