2. 4-18-17 EDC Minutes - Laserfiche WebLink

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Economic Development Commission Minutes April 18, 2017 Page 2 of 4 ----------------------------------------------------------- Chair Jurchen stated a server farm is something we might look at. Mr. Perkins stated a dedicated access is necessary to be fed by fiber. That capability exists in the Business Park today. Chair Jurchen asked Mr. Perkins if the EDC could help TDS to promote expansion. Mr. Perkins stated a Letter of Support or Letter of Request is always a good thing. A request in writing would be a good idea. Mr. Perkins stated he will provide a number that can be shared publically soon. 4. Economic Development Authority (EDA) Discussion Chair Jurchen explained there are costs associated with economic development; who is going to do the work and who is going to pay for it. An EDA would have authority to levy and borrow funds. Sheila Haverkamp stated a city or municipality can create an EDA. The powers of the EDA is dependent upon the resolution creating the EDA. EDA’s are an advisory committee to the Council with the ability to levy. An EDA might be able to levy $20,000 to $30,000 annually. An EDA can take on a big project, such as development of the 85 acres south of Derksen Road. An EDA would deflect politics of a project. There needs to be political will among the City Council to levy dollars on economic development. Commissioner Lindholm stated the TCI Task Forces are emphasizing this also. Nothing will move forward without the City Council. There hasn’t been a dialog from the TCI to the City Council. Chair Jurchen stated Bruce Meade should be invited to the May meeting to discuss this. Nancy Malecha was directed to contact Mr. Meade to see if he is available to attend. Sheila Haverkamp will also provide additional information on EDA’s at the May meeting. 5. Thriving Communities Initiative Chair Jurchen stated the Steering Committee will meet tomorrow. The Economy Task Force is working on branding and funding mechanisms. They have a logo and slogan. Commissioner Lindholm stated the Workforce Task Force included a letter in the EDC packet. They have wrestled with the concept of reviving the Patriot Foundation. It was a 501(c)3 and was used for scholarships and mini-grants. When it was dissolved the money was set aside. Some folks want to relaunch it and partner with the Initiative Foundation (IF). The IF will provide support and direction. This would create a foundation to leverage donations.