Agenda - Economic Development Authority - 05/25/2017

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Motion by Member Burandt, seconded by Member Brunt, to support the Anoka Area Chamber Manufacturers Coalition in 2017. Motion carried. Voting Yes: Chairperson Steffen, Members Burandt, Brunt, Hardin, Riley, Skaff, and Williams. Voting No: None. Absent: None. Chairperson Steffen stated he would like to see Mr. LeTourneau come to the meeting to update them on the coalition. 4.04: Continue Discussion Regarding Strategy for Marketing and Selling City Owned Land Economic Dev. Mgr/Assistant City Administrator Brama requested the EDA continue discussion regarding the City's strategy for selling city -owned land and marketing The COR. Regarding this case specifically, staff would like to review the "feedback logs" with the EDA, and the process outline. Staff would like to forward these documents back to the City Council on 4/25/17. Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. Chairperson Steffen asked if staff asked three companies and they came forward or were more companies asked and bowed out. He wondered how they arrived at the list of three companies. Economic Dev. Mgr/Assistant City Administrator Brama stated there was a mixture of the two. The direction of the EDA was to schedule two to three interviews with developers and/or value- added broker. Member Williams noted she put staff in contact with a number of developers that she has through networking professionally and the idea was not to pick specific developers to come and talk to them and then choose based on what services they offered. It was more of an opportunity to bring in different types of developers. She stated every type of deal they can imagine someone in the marketplace might be willing to do. The idea was to have people come in who do this every day who might share little bits of wisdom about this site specifically. However, in general to talk about their process and how they would approach a chunk of land and how they would take it to market. Also, to see what things they would want to consider as they move forward and decide if they want to have an RFP, that it is specific to the appropriate industry with the City doing some of the work or someone who comes in and purchases the property and does everything themselves. Member Williams stated it was her intent to invite all of these people to the meeting so the Board could have some idea of where she is coming from when she says they can structure this however they want. She thought that was the next step in their process. Member Riley thought they needed to start this and is great place to start. He stated The COR has a long history and even just in the short history, they have tried a couple different approaches Economic Development Authority/April 13, 2017 Page 6 of 10