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4.01: Consider Authorizing Work Order for WSB to assist with Shovel Ready <br />Certification Process <br />Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br />Mr. Erik Moss and Mr. Jim Gromberg were present at the meeting. <br />Chairperson Steffen asked why they are getting these properties certified now and not when they <br />were listed two to three years ago. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated they were not certified <br />previously because of staff workload. <br />Economic Dev. Mgr/Assistant City Administrator Brama reviewed the parcels they are looking <br />at getting certified. <br />Chairperson Steffen asked if the six parcels align with the WSB proposal. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated they did. <br />Chairperson Steffen asked why WSB started the certification with Parcel 37. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated the reason was because <br />interested parties were stalling on purchasing the property because of the unknowns. <br />Member Skaff asked where the cash will come from. <br />Economic Dev. Mgr/Assistant City Administrator Brama stated the money will come from TIF <br /># 1. He stated the EDA sold land to Diamond Graphics a number of years ago and the funds were <br />earmarked a number of years ago for this project. <br />Mr. Gromberg stated what the shovel ready program does is gets rid of risks so when a potential <br />buyer comes in they already know what is on the site. <br />Chairperson Steffen asked if the engineering services would be done by a buyer anyway or is this <br />something above and beyond what a buyer would do. <br />Mr. Gromberg stated the buyer would probably not purchase a parcel with unknowns on it and <br />they would have to get the services done anyway. He stated the cost of the property would lower <br />if the site is not shovel ready. <br />Chairperson Steffen asked if the information on the site is listed on a site for review. <br />Mr. Gromberg stated it would. He reviewed the process and where the information would be <br />available for potential buyers to review. <br />Economic Development Authority/June 2, 2016 <br />Page 2 of 6 <br />