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MINUTES <br /> ECONOMIC DEVELOPMENT COMMITTEE <br /> FEBRUARY 15,2011 <br /> MEMBERS PRESENT: Mark Jurchen, Patrick Smith, Cindy Rieck, and Tommy <br /> Woog. <br /> MEMBERS ABSENT: Ed Larsen. <br /> ALSO PRESENT: Sheila Haverkamp, BLADC; Mayor Adams; Ruth Ann <br /> Hansen, Chamber of Commerce; and Dawn Bittner, Zoning <br /> Administrator. <br /> 1. Call Meeting to Order <br /> The meeting was called to order by Vice-Chair Jurchen at 8:03 a.m. <br /> 2. Approval of Minutes <br /> A MOTION WAS MADE BY PATRICK SMITH, SECONDED BY <br /> CINDY RIECK, TO APPROVE THE JANUARY 18,2011 EDC <br /> MINUTES AS READ. MOTION CARRIED 4—0. <br /> 3. Work Session on Smaller Incentive Program <br /> Sheila Haverkamp stated that the discussion at the January meeting was <br /> captured very nicely in the Minutes. The EDC, from their perspective, <br /> will need to develop a policy or an incentive package the City could offer. <br /> She also suggested the EDC continue its dialogue. <br /> The following were discussion points: <br /> • The EDC needs to develop a purpose for the subsidy, such as jobs, <br /> use of infrastructure, services or a combination of them. We can <br /> have spaces and programs,but we still need people with capital, <br /> places to invest it, for them to have a business plan with good <br /> management skills and a market to sell the product. <br /> • Where do we get the people? What do we have here to entice <br /> someone to come into the area? <br /> • By offering a subsidy, we are not going to change the market and <br /> revolutionize the Pequot Lakes community. <br /> • It is about business; people have to look at the opportunity and <br /> perceive there is an opportunity before they invest their capital. <br /> Waiving of fees will make them choose between communities. <br /> Minutes 1 <br /> Economic Development Committee <br /> February 15, 2011 <br />