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ITEM # 11. <br />c <br />~ ~•~, <br />liver <br />MEMORANDUM <br />TO: Economic Development Authority <br />FROM: Heidi Steinmetz, Assistant Director of Economic Development <br />DATE: October 8, 2007 <br />SUBJECT: Consider Proposal From Restaurant Brokers of Minnesota <br />Attachment <br />• Proposal dated October 3, 2007 <br />• David Goldberger information <br />Background <br />At its September 10, 2007 meeting, the EDA directed staff to focus on the marketing <br />component of restaurant recruitment. One of the marketing tools or methods that the EDA <br />expressed interest in was hiring a restaurant real estate broker to assist in the recruitment of <br />restaurants to Elk River. <br />Discussion Points <br />The Restaurant Brokers of Minnesota have submitted the attached proposal for the EDA's <br />review and consideration. <br />If the EDA wishes to accept the proposal, David Goldberger of the Restaurant Brokers of <br />Minnesota would serve as Elk River's restaurant real estate broker. See the attached <br />information on Mr. Goldberger and his current listings. Due to a prior commitment, Mr. <br />Goldberger is unable to attend tonight's EDA meeting, however he has requested direction <br />on the EDA's expectation for what types of restaurants the EDA wishes to attract. Some <br />examples may include: <br />• Ethnic <br />• Sports bars <br />• Family sit-down <br />• Fine dining (what is the EDA's definition of "fine dining"?) <br />• Independent owners <br />• Innovative franchises <br />