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Chairperson MacLennan commented that he does see the value that would be provided as it would <br />create more opportunity for business and development. <br />Motion by Member Johnson, seconded by Member Wiyninger, to recommend that the City <br />Council identify a viable funding source and move forward with the construction of the West <br />Armstrong Street Reconstruction Project in 2023. <br />Further discussion: Member Stewart asked for clarification on the motion. Member Johnson <br />reiterated her motion. <br />Motion carried. Voting Yes: Chairperson MacLennan, Members Johnson, Wiyninger, Olson, <br />Riley, and Stewart. Voting No: None. Absent: None. <br />Motion by Member Johnson to financially commit EDA funds to purchase land for a regional <br />stormwater pond, if needed, with an estimated cost of $350,000 and $450,000. <br />The motion failed for lack of second. <br />Economic Development Manager Sullivan stated that there would be no record of support from <br />the EDA for a larger pond or financial contribution. He noted that the EDA could make a motion <br />to support the larger pond without committing dollars. He stated that based on the discussion, <br />there did seem to be support for a larger pond. <br />Member Wiyninger stated that he does not feel there is enough information to commit funds, <br />although he does believe it would be a good idea. <br />Economic Development Manager Sullivan stated that even if the EDA were to support the motion <br />with the funding, it would not actually commit the funds at this time but would alert the Council <br />that could be a potential funding source. He stated that related to the parking and ARAA site, that <br />information will come forward in the future and this would show the Planning Commission and <br />City Council that the EDA was open to contributing funds for this purpose. <br />Member Johnson noted the other funding that could potentially be used for this type of purpose <br />and asked for more details. <br />Economic Development Manager Sullivan confirmed that those are viable funding sources for the <br />road project and the Council would make the decision on which source to use. He stated that for <br />a property acquisition of this nature, he believed the EDA fund would be more appropriate. <br />Member Johnson asked if ARAA is considered a nonprofit. <br />Economic Development Manager Sullivan he believed that the entity is a nonprofit. He stated that <br />the ownership of the dome has not yet been determined. <br />Economic Development Authority/ February 9. 2023 <br />Page 7 of 9 <br />