6.2 EDSR 03-20-2017 - Laserfiche WebLink

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SAC/WAC capacity, the intent is to maximize the use. Spreading out the costs enable second and third ventures to have a chance at success. Diamond Lake Tool — Canceled their January BR&E Visit. We are in the process of rescheduling. Stay Tuned! NEW PROJECTS Redevelopment TIF Project — Patrick Briggs Mr. Briggs submitted an application for Redevelopment TIF multi -family housing project on the former Saxon and Elk River Lodge site. Provided that we receive all of the required documents, the application will be reviewed at the March 28, 2017, FC meeting. Housing TIF Project - Patrick Briggs Mr. Briggs submitted a Housing TIF application for a 40 -unit, housing project located on Jackson St. requesting $500,000 over 15 years. The application was sent to our attorney and financial advisor for review. Provided that we receive all of the required documents, the application will be reviewed at the March 28, 2017 FC meeting. Beaudry Expansion Project Staff met with Annie Deckert, Ken Beaudry, and Jay Albright to discuss a potential redevelopment project across from his current convenience store on Proctor/CRL Mr. Beaudry is looking to redevelop four residential properties, and build an approximately 7,040 sf facility to operate a light maintenance facility for his existing fleet. Engineering staff would like to see ROW for a dedicated SB Proctor turn lane onto WB TH10, a moved ingress/egress from the existing plant to expedite rail quiet zones, and shared ponding to maximize other parcels in the area for redevelopment. MISCELLANEOUS Revolving Loan Fund Balance Reports At the request of members, a copy of the Revolving Loan Fund report is attached. MN Marketing Partnership First Quarter Meeting The meeting included a synopsis of the overall economy, workforce, the status of the state incentive programs and current projects in the pipeline. The guest speaker was Janet Ady, CEO of Ady Advantage, a consulting firm specializing in site selection and economic development marketing. She presented information about reverse site selection strategies for our region, addressed implementing various workforce related initiatives in response to attracting talent to the region and reviewed the site selection process and best practices in preparing Requests for Information. Her presentation is attached. Quarterly Sherburne County partnership meeting The quarterly meeting brings the county's economic development professionals together for networking and education. The three topics presented during the meeting consisted of an update on the Comprehensive Economic Development Strategy (CEDS) through the Central Minnesota Jobs and Training Center, Affordable Housing Review facilitated by Brad Tabke the past Mayor of Shakopee, and the Minnesota Housing Finance Agency. The MHFA is a great resource for homeowners to help offset closing costs, down payment assistance and rehabilitation loans. More information on the programs available through MHFA will be added to the HRA website.