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EDC Minutes <br /> June 19, 2018 --, <br /> Page2of3 � <br /> ----------------------------- <br /> Nancy Malecha stated the Marketing Subcommittee has met twice at <br /> Widseth Smith Nolting and have put together a text document for the <br /> 80 acres south of the Pequot Lakes Business Park. The <br /> Communications Manager at the Chamber is in the process of creating <br /> the visualization pieces into the packet. <br /> Commission discussion ensued regarding the �shovel ready" concept <br /> and the option of a presentation video for the development and what <br /> should be included in the video. <br /> 6. Paving of Schmidt Wav <br /> Nancy Malecha explained research was conducted to establish why <br /> Schmidt Way is the only road in the Business Park that is unpaved and <br /> the assumption is that when the other roads were paved and assessed to <br /> land owners, there were not properties along Schmidt Way that were able <br /> to be assessed at the time. <br /> 7. EDC Budaets <br /> a. Static Billboard Sign for 2018 � <br /> No update given. <br /> b. 2019 Preliminary Budget <br /> Nancy Malecha presented the preliminary budget for the Economic <br /> Development Commission that included the 2018 budget amounts, <br /> actual expenditures, and the 2019 preliminary budget. <br /> Commission discussion ensued regarding programs that are available <br /> for assistance in funding projects and increasing the contribution to the <br /> BLAEDC contract from $7,500 to $10,000 to gain extra assistance with <br /> economic development goals. Nancy Malecha suggested a gradual <br /> increase of$1,000 each year toward the BLAEDC contract to alleviate <br /> any spikes in the EDC budget as the Council has directed her to keep <br /> the tax rate level. <br /> COMMISSIONER RIECK MOVED TO GRADUALLY INCREASE <br /> THE BLAEDC CONTRACT BY$1,000 PER YEAR UNTIL $10,000 IS <br /> ACHIEVED. COMMISSIONER SJOBLAD SECONDED THE MOTION. <br /> MOTION CARRIED 4-0. <br /> 8. Comprehensive Plan Update - http://www.peauotlakes-mn.aov/ �` <br />