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Economic Development Authority Minutes <br />February 11, 2008 <br />Page 3 <br />She stated that while the EDA has not authorized any letter of intent or exclusive rights for <br />the entertainment center group to the City's portion of the property, staff would like <br />clarification on whether or not the EDA would like staff to begin marketing the property to <br />other potential anchor users that would be consistent with the EDA's vision for big box <br />retail. <br />President Gongoll questioned how the property is currently being marketed. Ms. Mehelich <br />indicated that at this time the property is only listed on the City's website and staff would <br />like to entertain discussions with developers more aggressively. <br />Commissioner Dwyer stated that he believes that staff should continue to market the <br />property until anon-refundable deposit is received. President Gongoll stated that he would <br />like to see at least the application fee paid before the property is taken off the market. <br />Commissioner Motin concurred with Commissioner Dwyer that he would like to see a large <br />deposit put down on the property. He questioned if staff is continuing to work with the <br />adjoining property owners on visions of how the property should be developed. Ms. <br />Mehelich indicated that staff maintains contact with the property owners but there has been <br />no discussion of a joint project. <br />Commissioner Tveite concurred with Commissioners Dwyer and Motin that he would like <br />to see a deposit and a plan for the property before it is taken off the market. Commissioner <br />Klinzing also concurred noting that the EDA like the proposal of the entertainment center <br />and that the continued marketing of the property is in no way meant to deter the <br />entertainment proposal. <br />7. Update on Economic Development Assistant Position <br />Ms. Mehelich indicated that the City Council recently authorized advertising for the <br />economic development assistant position. She stated that the advertisement was posted on <br />the City's website, League of Minnesota Cities website, EDAM website, and in the StarNesvr <br />and will run through March 7. <br />8. Other Business <br />President Gongoll noted that Cymbet's product is going to market. He also commended <br />City staff on the redesigned City website. <br />Adjournment <br />There being no other business, President Gongoll adjourned the meeting of the Elk River <br />Economic Development Authority at 5:54 p.m. <br />Minutes prepared by Jessica Miller. <br />-~ <br />Tina Allard <br />City Clerk <br />