Laserfiche WebLink
Mr. Krogh stated that once they are under contract, they will begin civil architecture. He noted <br /> that they have letters of intent or verbal commitments with the phase one tenants. He noted that <br /> the phase one tenants are fast moving and therefore believes that will be done in 2022. He stated <br /> that the phase two tenants are slower moving and therefore it is unlikely that would go through in <br /> 2022. He believed they would start entitlement for phase two in late summer of 2022 with a 2023 <br /> deal. <br /> Member MacLennan asked if the tenants could be elaborated on. <br /> Mr. Krogh stated that there is a quick service Mexican concept restaurant, a carwash, drive-thru <br /> only coffee shop, and a dollar store. He noted that there is a financial institution interested and <br /> they are trying to figure out how that could fit into the plan. He stated that they could swap out <br /> the dollar store for the financial institution. <br /> Member Olson commented that this sounds good, and he did not have any questions. <br /> Motion by Member MacLennan, seconded by Member Howell, to recommend to City Council to <br /> approve Purchase Agreement on Parcel 50 with Java Properties as presented, subject to City <br /> Attorney review. <br /> A roll call vote was performed: <br /> Member Olson aye <br /> Member MacLennan aye <br /> Chairperson Cords aye <br /> Member Riley aye <br /> Member Howell aye <br /> Motion carried. <br /> 4.02: Receive 2021 Business Expo Summary and Select 2022 Venue <br /> Economic Development Manager Sullivan presented the staff report. <br /> Member Riley commented that it was a good event. He stated that attendance was expected to be <br /> down and recognized that the decision was made to get the event back on track with the expectation <br /> for lower numbers. He agreed that the April time of year is a better time for the event. He stated <br /> that perhaps they can consider new ways to reach people and market the event. <br /> Member MacLennan stated that the venue was great for the event. He agreed that it was important <br /> to get this back on track even though there were lower numbers. He believed that spring would be <br /> a better time of year for the event. <br /> Economic Development Manager Sullivan reviewed the details for the proposed 2022 event. <br /> Economic Development Authority/November 18, 2021 <br /> Page 3 of 6 <br />