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Economic Development Authority Minutes Page 2 <br /> February 11,2013 <br /> Commissioner Westgaard questioned if the public hearing should be opened since it was <br /> 11111 noticed at the last EDA meeting.Ms. Fischer stated that 10 days required published notice <br /> has not been met so the public hearing should not be opened. <br /> Commissioner Provo abstained because he is interested in purchasing this property. <br /> MOVED BY COMMISSIONER DWYER AND SECONDED BY <br /> COMMISSIONER MOTIN TO CALL FOR A PUBLIC HEARING FOR MARCH <br /> 11,2013,FOR DISPOSITION OF EDA PROPERTY- OUTLOT A,NORTHSTAR <br /> BUSINESS PARK. MOTION CARRIED 5-0. Commissioner Provo abstained. <br /> 6. Consider DTED Forgivable Loan Program and Application <br /> Mr.Wilfahrt presented his staff report. He stated that the policy requires that in order to <br /> qualify,businesses must be industrial,manufacturing,or technology based. He explained that <br /> it has been brought to his attention that a couple of the businesses that are looking at the <br /> program would be excluded based on those requirements. He suggested looking at possibly <br /> expanding the policy to include businesses that fall within the Business Park and C3 uses. <br /> Commissioner Dwyer stated that C3 includes a large piece of commercial that hasn't been <br /> discussed and he is not prepared to add that large of an area at this meeting without having <br /> first discussed it. <br /> Commissioner Motin stated that the EDA Subcommittee has not discussed including C3 or <br /> Business Park.He added that the Subcommittee specifically discussed including industrial, <br /> manufacturing, and technology uses in the policy. He stated that he is not in favor of • <br /> expanding the policy to include C3 or Business Park unless it is a C3 use that falls within <br /> industrial,manufacturing,or technology. <br /> Annie Deckert,Decklan Group- stated that she believes that it would make sense for all <br /> permitted uses in the Business Park district to be eligible for this loan. She added that if one <br /> of the goals of this program is to sell city-owned lots,then that would make sense since <br /> almost all of the city-owned lots are zoned Business Park. <br /> Commissioner Motin disagreed. He stated that only one of the goals of this program is to <br /> sell the city-owned lots but he doesn't feel that professional office fits the loan program. He <br /> believes it should remain industrial,manufacturing, technology based. <br /> President Tveite indicated that he would like to stick to industrial,manufacturing,and <br /> technology based businesses,at least at the onset of this policy. He explained that the EDA <br /> Subcommittee has not had a chance to discuss the addition of the C3 and Business Park. He <br /> suggested keeping the policy as is and review the requirements later if the program is not <br /> widely used as currently outlined. Commissioner Westgaard concurred. <br /> Commissioner Motin questioned the job requirements listed under Section VII. He stated <br /> that the policy states that the applicants have a minimum of two years to hire jobs. He would <br /> like the EDA to have discretion on setting a timeframe on a case by case basis. He also <br /> discussed the requirement to retain jobs for one year. He questioned if that should be two <br /> years. <br /> Mr.Wilfahrt stated that initially discussion was held on the applicant having to retain the • <br /> jobs for two years but after some of the manufacturers indicated two years would be a <br />