09-17-2019 EDC Meeting Minutes - Laserfiche WebLink

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MEETING OF THE PEQUOT LAKES � ECONOMIC DEVELOPMENT COMMISSION TUESDAY, SEPTEMBER 17, 2019 Members Present: Chair Lindholm; Commissioners Clement, Crochet, Holley, Lelwica, Lubke, and Rieck Others Present: Nancy Malecha, City Administrator; Angie Duus, City Clerk/Treasurer; Dawn Bittner, Zoning Specialist; Sheila Haverkamp, BLAEDC; Scott Pederson, City Council Liaison; Katie Wasserman, Pequot Chamber of Commerce; Mark Jurchen 1. Call Meetinq to Order The meeting was called to order by Chair Lindholm at 8:00 a.m. 2. Consider Aqenda COMMISSIONER RIECK MOVED TO APPROVE THE AGENDA AS PRESENTED. COMMISSIONER LELWICA SECONDED THE MOTION. MOTION CARRIED 7-0. 3. Approve EDC Minutes COMMISSIONER RIECK MOVED TO APPROVE THE AUGUST 20, 2019 � ECONOMIC DEVELOPMENT COMMISSION MINUTES. COMMISSIONER LELWICA SECONDED THE MOTION. MOTION CARRIED 7-0. 4. Business Park Lot Sale & Proiect- Dottv Holdinqs Nancy Malecha stated the information is the same as it was when presented in July and the only update she has is the intent is to move Dotty Brothers Construction headquarters from where they are existing in the Industrial Park to this new location. Shelia Haverkamp stated that Joe Dotty has said that he is passing the opportunity on to Dotty Holdings LLP. She stated that the City is dealing with reputable family and as long as we put a purchase agreement together that makes them stand by doing a significant investment with conditions that benefits the City versus selling the property we should proceed. Discussion ensued about the benefits with Dotty Holdings LLP to buy the land and parameters in the purchase agreement if they do not perform that the City could get the property back. Ms. Malecha stated that the purchase agreement is written that they have until December 31 st, 2020 to do with the property as intended or it does revert back to the City. Discussion ensued about it being currently being unclear on what the intent of the plan is for the property. Chair Lindholm inquired if this is something the EDC approves or if it is something the City Council approves. Ms. Malecha stated that the Council approves the purchase agreement and that it is on their October 1 st agenda. She �'" also stated there is a resolution that council has to adopt.