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Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Economic Development Authority 7.2 <br />Agenda Section Meeting Date Prepared by <br />General Business December 19, 2022 Brent O’Neil, Economic Development Director <br />Item Description Reviewed by <br />EDA Properties Update and 2023 Brokerage Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Receive an update from Hardin Companies regarding EDA properties and discuss 2023 brokerage plans. <br /> <br />Background/Discussion <br />Ryan Hardin of Hardin Companies will be present to discuss the three EDA properties being listed by the <br />brokerage firm and recent activity on the properties. Of note, the Tyler Street/North Star property under contract <br />to Onyx Partners has neared the end of the due diligence period, and recently Onyx provided notice they are <br />unable to move forward with the project. <br /> <br />Also, Hardin Companies’ listing agreement with the EDA will expire in early 2023. Staff would like to discuss the <br />EDA’s intentions on brokerage services for 2023. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Attract new business development to Elk River to build the City’s economic vibrancy, job offerings and tax base. <br /> <br />Attachments <br /> None <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />