04-11-2011 EDA AG MTG CANCELLATION & UPDATE

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analysis is completed using ESRI/Tapestry consumer segmentation data which classifies residential neighborhoods into different market segments based on socioeconomic and demographic characteristics. This data will also be looked at from a comparative standpoint vs. competitors. Staff has created a website («~c-~v.ci.elk-river.mn.us; il-nage) for the community to increase awareness about the project, in addition to creating a video for the cable channel, articles ill the internal City newsletter and providing an interview with the ERStar News. Additional details will be brought back to the EDA at the June meeting. Request by MPCA to Install Monitoring Well on EDA Property Staff has received a request from MPCA to install a monitoring well on property owned by the EDA. The site is a vacant, unbuildable lot located in the Elk River Industrial Park. The goal of the program is to collect data on the groundwater quality as a protection effort. MPCA is requesting approval of a property access agreement from the EDA. The Park & Recreation Commission and City Council recently approved a similar request for a monitoring well installed in Windsor Park. 2011 Community Profile We axe finally starting to see signs of spring beyond the sunny warm weather, with some rejuvenated interest in a few local manufacturing expansions. On another positive note, we will soon be going to print on the 2011 Community Profile. Employment figures from the City's largest employers indicated positive signs of stability, as well as rg owth between 2010 and 2011. Business Subsidy Reports Despite these positive signs of stability and growth, it still is less than projected for a few (3) businesses that will require consideration by the City Council in the next month to extend the deadline to achieve job and wage goals established for projects where the City provided financial assistance, as required under the MN Business Subsidy Law. Marketing Activities Staff recently participated in the following marketing events: • March 5th Energy Expo (exhibitor) • March 11th MN Real Estate Journal's "Build Green" Conference (exhibitor & presenter) • March 27th Chamber Business Expo (exhibitor) N:\Departments\Coxnmunity Development\Economic Development\EDA to move\Agenda\Year2011\4.11.11 EDA update.doc