CCP 02-25-2014 - Laserfiche WebLink

Home Browse Search

Director Fernelius directed the commission to the dashboard analysis, various scenarios were reviewed. Fernelius suggested these were conservative models, noting inflation had not been factored in. Commissioner Zelm questioned where the income from sale of the land goes, Director Fernelius responded that the funds are put into the City's TIF district accounts. Commissioner Potter stated he is encouraged by the conservative nature of the model. Fernelius stated that the model will be updated as development occurs. Commissioner Peck questioned if the City would negotiate the land price. Fernelius stated that Colliers has been instructed by the City to negotiate with potential developers, also noted was that price has not been an issue to this point. Commissioner Potter asked about the impact the TCAAP project may have on development. Fernelius stated that because New Brighton is on a different time track, the site is cleaned up and environmental issues are known that is a benefit. Commissioner Knight questioned why the plan is considered conservative. Fernelius responded that because inflation is not built in and the development is not maximized. Update on Marketing Activities Director Fernelius reported there have been two additional interested parties; one of them being Cardiovascular Systems (CSI) who recently received FDA approval for a new device. Commissioner Zisla suggested the City adopt an informal program to keep in contact with local businesses to monitor needs for possible expansion. Councilmember Jacobsen reported that the Council has not reviewed the marketing trailer request. The commissioners discussed their varied thoughts on a marketing trailer. 2013 Year in Review Director Fernelius reported that Chairperson Zisla will be presenting a "Year in Review" to the City Council in January. Other Ttems Commissioner Zisla suggested the EDC consider focusing on some issues in addition to the New Brighton Exchange; possibly partnering with neighboring cities for discussion purposes. Director Fernelius offered a few suggestions including the establishment of a housing program. Chairperson Zisla suggested looking at additional focus areas at the January meeting. Director Fernelius stated he will send an update in lieu of holding a December meeting. Adiourn Motion by Commissioner Peck, seconded by Commissioner Zelm to adjourn the meeting. 6 Ayes, 0 Nays, Motion carried Meeting adjourned at 9:03 am