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Economic Development Authority Minutes Page 3 <br /> September 20,2021 <br /> ----------------------------- <br /> 7.4 Broker Services for EDA Properties <br /> Mr. O'Neil presented the staff report. He indicated dates for submission deadline <br /> and approval of the RFP have been left open pending EDA discussion. He explained <br /> it might be a challenge to publish the RFP and get results prior to the next meeting. <br /> He stated if approved, staff would be in favor of having at least one EDA member <br /> assist staff in an initial flush out of the RFPs. Mr. O'Neil noted it is open for <br /> discussion whether the EDA wants a specific number of RFPs brought back for <br /> review. <br /> Mr. O'Neil indicated the EDA may want to review some of the properties to see if <br /> they can be improved to make them more marketable prior to bringing a broker on <br /> board. I%*, <br /> President Tveite indicated he is in favor of havinXasulb group of the EDA help staff <br /> review initial responses. He explained he is not in favor of specifying a set number to <br /> bring forward because he finds there is usually a natural segregation in responses. He <br /> stated he is an advocate of getting the Request for Proposals out as soon as possible <br /> and utilize the brokers expertise to help determine what can be done to make the <br /> properties more marketable. He noted he believes November is a feasible timeline to <br /> bring this back. <br /> Commissioner Westgaard concurred with President Tveite that we should utilize the <br /> brokers on how to maximize marketability for each property. He added he also <br /> believes allowing ample time and bringing this back in November would be good. <br /> Mr. O'Neil pointed out the RFP includes language allowing brokers to submit an <br /> RFP for one or all of the properties. He explained we may find some brokers are a <br /> better match for one type of property over another. He added we may also find it is <br /> best to have a broker on one site and not on another site. <br /> Por, 1W <br /> EDA consensuswas to send out the RFP and bring back at the November EDA <br /> meeting. <br /> President Tveite and Commissioner Christianson indicated a willingness to assist <br /> with the initial review of RFPs. It was noted more EDA Commissioners can assist <br /> with review if there is not a quorum of eligible EDA members. <br /> 7.5 Together Elk River Campaign <br /> Ms. Eddy and Commissioner Wagner provided an update on the Together Elk River <br /> campaign as outlined in her staff report. <br /> UREJ <br />