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Member Cords stated that he is very interested in participating and the EDA supported that <br />representation. <br />5. MEMBER / STAFF UPDATE <br />Economic Development Manager Sullivan provided an update on anticipated closings for <br />properties along Sunwood Drive within The COR. He stated that he continues to review industrial <br />inquiries. He stated that the City also received an RFP for a 50,000 square foot building and <br />submitted the documents. He stated that staff continues to work to bring retail and services <br />businesses to the community. He commented that housing continues to boom, and he anticipates <br />additional residential development proposals. He stated that staff has been very involved in <br />Highway 10 which is shifting more into a design phase and Anoka County will be coordinating <br />those efforts. He also provided an update on road projects and interest from other retail users. <br />Member Riley noted that the Highway 10 project is essentially fully funded after the funding <br />ature session. He asked the status of the PSD strip mall which is <br />unoccupied. <br />Economic Development Manager Sullivan commented that is a privately owned property with <br />ongoing negotiations. He stated that PSD is working with a daycare provider which seems <br />promising. He commented that the City had a request to extend the duration of the TIF district <br />and it was approved for two years, rather than the five requested. He thanked Senator Abeler and <br />Representative Heinrich for the work they were able to do to include that extension in the bill. He <br />close, those businesses are ready to move dirt. <br /> <br />Chairperson Steffen asked for an update on the digital billboard process. <br /> <br />Economic Development Manager Sullivan noted that an initial lease has been submitted and is <br />being negotiated and they have begun the process to amend the ordinance. He noted that while <br />the developer would like to get the sign in this year, it would most likely be constructed in the <br />spring. <br /> <br />Chairperson Steffen asked for an update on the construction at 47 and Bunker. <br /> <br />Economic Development Manager Sullivan provided details on the project which will be <br />considered a temporary (15-20 year) improvement. <br /> <br />6. ADJOURNMENT <br /> <br />Motion by Chairperson Steffen, seconded by Member Cords, to adjourn the meeting. <br /> <br />A roll call vote was performed: <br /> <br />Member Howell aye <br />Member Riley aye <br />Chairperson Steffen aye <br />Economic Development Authority/ July 8, 2021 <br />Page 11 of 12 <br /> <br />