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• <br /> Office Marketing Efforts <br /> The City Council approved a consulting agreement with Arne Cook to assist the City in finding a <br /> developer or broker to market the commercial sites. In the next few weeks he'll meet with some of the <br /> larger firms in the market to assess their interest in the project. Staff will provide updates to the EDC as <br /> this process moves along. <br /> Northwest Quadrant Names <br /> Staff is recommending that the City hold off on selecting a new name for the NWQ until more is known <br /> about the broker/developer arrangement. <br /> NW Refinery <br /> The City has been informed that the Attorney General's office, MPCA and Ashland Oil are finalizing an <br /> agreement concerning the clean-up of the former NW Refinery site. The City will have to work out an <br /> access agreement with Ashland Oil, it is preferred to complete the work in the winter. <br /> Commissioner Flahave questioned if the state has deemed Ashland as the responsible party. <br /> Director Fernelius confirmed and reported the site would be cleaned up to an industrial standard, and <br /> removed from the Superfund list. <br /> Railroad Wye <br /> Director Fernelius reported that after nearly 5 years of intensive efforts by the City, MT Properties and <br /> Minnesota Commercial Railroad the wye project is dead. The City received a letter from MT Properties <br /> that the company could not break the impasse with the Canadian Pacific (CP) on lease terms and <br /> maintenance costs. Because there was little use for the line, the railroads didn't want to pay money to <br /> the CP. <br /> Director Fernelius reported the land was sold back to the railroad; there are three or four years left for <br /> the option for the railroad to sell the land back to the City. <br /> Other Topics <br /> The next regular meeting scheduled for Tuesday, December 21, 2010 has been cancelled, it was agreed <br /> that Director Fernelius will email any pertinent information,to the members. The EDC will next meet <br /> January 18, 2011. <br /> Adjournment <br /> Motion by Commissioner Benke, seconded by Commissioner Snell to adjourn the meeting. <br /> Meeting adjourned at 8:40 am. <br />