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Member Wiyninger asked if there are things the City could do differently to assist CBRE in moving <br />properties. <br />Mr. Pankratz replied that some of the signs are old, noting that with the contract extension they <br />would put up new signs. He stated that each year they update the brochures with the new <br />demographics and highlight new developments in the area. He stated that from a City standpoint, <br />much of the work has been done using the example of survey work to determine what would be <br />needed to develop a site. He commented that City staff is also responsive when he reaches out <br />about potential leads and interest. <br />Motion by Member Stewart, seconded by Member Wiyninger, to recommend to City Council <br />approval of the Listing Agreement with CBRE from February 1, 2023 — January 31, 2024. <br />Motion carried. Voting Yes: Chairperson MacLennan, Members Stewart, Wiyninger, Howell, <br />and Riley. Voting No: None. Absent: Member Johnson. <br />4.03: Receive 2022 Business Retention and Expansion Presentation <br />Economic Development Manager Sullivan presented the staff report. <br />Member Stewart referenced the desire for more community involvement and asked for more <br />details on what those businesses would be looking for. <br />Economic Development Manager Sullivan replied that the businesses think the City does a great <br />job with community events and simply want more, using the example of the summer concert series, <br />Happy Days, and EDA events. He did not think it to be a negative but more of wanting more of a <br />good thing. <br />Member Stewart asked if the businesses eluded as to how they would like to be promoted better. <br />Economic Development Manager Sullivan replied that the City Facebook page and newsletter <br />were mentioned. He stated that although at times they spotlight a business, the City does not want <br />to cross the line of advertising for specific businesses. He noted that businesses can advertise <br />within the newsletter. He stated that there are other opportunities such as BNI and the Chamber <br />of Commerce. <br />Member Riley asked if the electronic billboard would help to meet that want. <br />Economic Development Manager Sullivan confirmed that it would be another avenue for <br />businesses to promote themselves, but it would be up to the business to choose to advertise on that <br />source. The City negotiated reduced rates for Ramsey based businesses <br />Member Wiyninger mentioned the comment that it can be difficult to schedule meetings with <br />business leaders. He also stated that perhaps there is a way to cross advertise, noting recent <br />businesses that staff met with and encouraging other businesses to reach out. <br />Economic Development Authority/ January 12, 2023 <br />Page 5 of 7 <br />