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Economic Development Commission Minutes <br /> May 16, 2017 <br /> Page2of3 <br /> Ms. Courteau explained the process of aid to construction in communities. She noted <br /> that common options communities are considering is to divide the cost among <br /> businesses utilizing this service or cities incurring the cost. <br /> Sheila Haverkamp questioned if there would be an additional take rate. Mr. Perkins <br /> clarified that this is already calculated in the aid to construction amount. <br /> Ms. Haverkamp questioned if a franchise fee could be implemented to recoup the <br /> investment for the City. Ms. Courteau noted that she would look into this and report <br /> back to the Commission. <br /> Commissioner Lubke inquired about how the Monticello project was funded. It was <br /> q <br /> noted that the City of Monticello decided to become their own phone company and <br /> provider which required significant funds for start-up to do the project correctly. <br /> Chair Jurchen noted that TDS is a good and appreciated employer. The possibility of <br /> business infills along with the potential revenue this project could generate is a small <br /> investment for the City with a quick return. <br /> Commissioner Sjoblad questioned how long the construction process would take. <br /> Mr. Perkins stated approximately 90-120 days and he will strongly advocate to keep <br /> things expedited. <br /> 4. Potential Development South of Business Park <br /> Commission discussion ensued as to how to engage the City Council on the fiber <br /> optic cable project and the ideas for potential development south of the Pequot Lakes <br /> Industrial/Business Park. <br /> The consensus of the Commission agreed to proceed as follows. <br /> • Commissioner Lindholm will inform the City Council, at their June 6th <br /> meeting, of the fiber optic project and ask for a consensus and directive to <br /> proceed. <br /> • The EDC will have a fiber optic project recommendation for the July City <br /> Council meeting. <br /> • The EDC will inform the City Council, at their July meeting, of potential <br /> development ideas south of the Business Park and create a timeline for their <br /> consideration. <br /> 5. TCI Economy Task Force Update <br />