Minutes - Economic Development Authority - 04/02/2015

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Member Riley suggested having someone from the program available at the expo with a presence at a booth and thinks the expo is the best opportunity of the year. Ms. DuChene spoke about her passion for wanting to help people in this capacity. Economic Development Manager /Assistant City Administrator Brama stated that the staff is looking for general support for the program, which he believes there is and that the Board would support staff moving forward with a marketing blast. He would also like the Board to consider directing staff to go above and beyond the normal advertising venues and do some sort of direct mail to all City of Ramsey residents. He also spoke about the City's revolving loan fund and how it fits nicely with this program. He stated that this program would be a huge help to staff and that it supports the program. Member Riley stated that he supported the program and the marketing blast He felt that the target audience for the post cards needed to be refined to make sure it would get to perspective business owners. Vice Chairperson Skaff stated that a half page in the Ramsey Resident would reach out broadly. Economic Development Manager /Assistant City Administrator Brama stated that this will be in the next Ramsey Resident so the information will go out to every address in the City and he thinks that the small business list can be refined to a few hundred businesses. Discussion took place regarding when and to whom the Ramsey Resident is sent. Economic Development Manager /Assistant City Administrator Brama stated that if Board Members wanted someone to get information on the program, to contact him and he will see that they get the information. 4.02: New Policy for the Sale of City Owned Land and Template Purchase Agreement Economic Development Manager /Assistant City Administrator Brama stated that the EDA has discussed this issue several times so he would provide an overview. He stated that the reason the case has been brought back to the Board is the template purchase agreement. The EDA and City Council have recently reviewed a handful of purchase agreements. Based on those reviews and the new policy for the sale of city owned land, direction was provided that the City should have a template purchase agreement that runs parallel with the new policy. He stated that the policy and the template purchase agreement have been gone over by City staff, CBRE and the City attorney in conjunction with Tom Bray. The template purchase agreement was modeled off of an agreement provided by Member Williams. He also stated that included in the case is a breakdown of benefits and potential concerns and that staff is in support of the policy and the template purchase agreement and feels it will make the process smoother and lay out expectations for City EDA staff. This will be brought before the City Council on April 14, 2015. Member Williams stated that she thinks that this is a better place to start than responding to potential purchase agreements from prospect buyers. Economic Development Authority /April 2, 2015 Page 4 of 9