Minutes - Economic Development Authority - 01/11/2024

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highlighted recent and upcoming events. He stated that they are requesting a 12-month extension of the existing Memorandum of Understanding (MOU). Economic Development Manager Sullivan stated that the action before the group today is to consider the MOU as well as the voluntary cost share financial contribution of $1,637 which was 11 dollars more than last year. Motion by Member Johnson, seconded by Member Stewart, to recommend to City Council to extend the MOU one year with Anoka County Economic Development Partnership (ACRED) and payment of the $1,637 continue voluntarily cost share to the partnership. Further discussion: Member Riley commented that he agrees that a county -wide initiative is a great idea but also sees the value that City staff receives from this resource. A roll call vote was performed: Member Howell aye Member Stewart aye Member Johnson aye Member MacLennan aye Member Lindahl aye Member Riley aye Chairperson Wiyninger aye Motion carried. 4.03: Consider Extension of CBRE Real Estate Listing Agreement for City Owned Land in COR Member Lindahl commented that she will be recusing herself from this item as she works for the same company as the listing agent. Economic Development Manager Sullivan presented the staff report. Brian Pankratz, CBRE, commented that they receive many calls for the open City -owned parcels that may not fit, but are then referred to privately owned property in Ramsey. Chairperson Wiyninger thanked Mr. Pankratz for his work with Aldi and the hotel. He noted that the replaced real estate signs look great. Motion by Member Johnson, seconded by Member MacLennan, to recommend to City Council to approve of the Listing Agreement with CBRE from February 1, 2024 through January 31, 2025 as presented. A roll call vote was performed: Economic Development Authority/ January 11, 2024 Page 3 of 5