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Economic Development Authority Minutes October 14, 2002 5. Business Incubator Update Page 2 Heidi Hall reported that the Incubator Advisory Committee met on September 1 ~ ch ro discuss future lease options for the Incubator Program. She indicated that the Committee recommended that the EDA renew the lease with building owner, Larry Hickman fox at least one year. 5.1. Report from Harlan Jacobs Genesis Business Centers Heidi Hall introduced Harlan Jacobs from Genesis Business Centers. ~Ix. Jacobs gave an update on four current Incubator prospects, rwo current tenants, and two successful Incubator graduates. COMMISSIONER KLINZING MOVED TO AUTHORIZE THE NEGOTIATION OF A LEASE RENEWAL OF THE BUSINESS INCUBATOR WITH BUILDING OWNER LARRY HICKMAN. COMMISSIONER KOENIG SECONDED THE MOTION. THE MOTION CARRIED G-0. 6. Consider Second Draft of Business Subsidies PoGcv Heidi Hall presented the second draft of the Business Subsidies Policy. She noted that the policy was reviewed by the EDA, HRA, City Council, and EDA Finance Committee and includes all recommended revisions. 6.1. Call Public Hearing for Tuesday November 12 2002 at 600 p m COMMISSIONER TVEITE MOVED TO CALL A PUBLIC HEARING FOR TUESDAY, NOVEMBER 12, 2002, AT 6:00 P.M. REGARDING THE PROPOSED CITY OF ELK RIVER BUSINESS SUBSIDIES POLICY. COMMISSIONER KUESTER SECONDED THE MOTION. THE MOTION CARRIED G-0. Strategic Industrial marketing Activities Update Economic Development Assistant Heidi Hall reviewed her memo that updated the EDA on strategic industrial marketing activities. City Administrator Pat IQaers stated that Anita Duckor was hired to do an assessment of the 2000-02 marketing plan and to develop a 2002-04 action plan. The Ciry Administrator recommended that the EDA consider hiring Duckor and Associates to implement three action plan items. These three items are to assist staff and the Planning Commission in seeing that the industrial development standards are more in line with other communities; to review, modify and improve the siting expansion process, and to facilitate a meeting with the school district to review the warkforce challenges that were raised by business leaders. The City Administrator indicated that Anita could also assist staff to provide feedback and provide general