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Chairperson Cords stated that one the continued budgetary items is a $5,000 contribution for the <br />manufacturing cohort through the Chamber of Commerce. He asked if that is paid through the <br />EDA or general fund. <br /> <br />Economic Development Manager Sullivan commented that it is an EDA expense but is also <br />approved by the City Council. <br /> <br />Motion by Member MacLennan, seconded by Member Steffen, to adopt the proposed 2022 EDA <br />Budget and Levy as presented. <br /> <br />Motion carried. Voting Yes: Chairperson Cords, Members MacLennan, Steffen, Howell, Olson, <br />and Riley. Voting No: None. Absent: Member Johnson. <br /> <br />4.04: Review Quotes for Renovation of Old Town Hall <br /> <br />Economic Development Manager Sullivan presented the staff report. <br /> <br />Chairperson Cords stated that although he would be sorry to say the tenant could not take <br />advantage of the space, it sounds more expensive than anticipated. He suggested waiting. <br /> <br />Member MacLennan agreed. He stated that if the tenant was willing to sign a long-term agreement <br />of 7 or so years perhaps it would make more sense, but a one-year agreement would be a gamble. <br />He agreed it would be best to hold off. <br /> <br />Member Olson stated that he always looked at the building with intrigue and believed it should be <br />restored but believed that this does not seem like the best time because of pricing. <br /> <br />Member Riley stated that this would be a business decision and clearly the numbers indicate that <br />this would not move forward. He stated that this proposal would have been a good idea and <br />perhaps another opportunity will come forward when pricing is more favorable. <br /> <br />Member Steffen agreed. He noted that perhaps when staff discusses projects with carpenters and <br />remodelers that could be a good opportunity for a contractor office, which would also alleviate the <br />issue of parking that would be created by retail. <br /> <br />Economic Development Manager Sullivan stated that when he gets into the building, the front <br />door is in bad shape, locked by a deadbolt. He noted that all of the doors have already been <br />purchased and perhaps it would make sense to replace the door to better secure the building. He <br />stated that staff could ask for pricing to hang the new door. <br /> <br />Member MacLennan asked if that would also help to gain attention for potential users in the future. <br /> <br />Economic Development Manager Sullivan agreed that it would be helpful to be able to easily open <br />the door when providing a tour of the building. He stated that the building also needs a good <br />cleaning. <br />Economic Development Authority/ August 12, 2021 <br />Page 4 of 6 <br /> <br />