3.7 Boards and Commissions Minutes

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EDC Minutes — Special Meeting December 12, 2023 Page 2 of 4 tax base. Commission Lelwica stated, if we hire a realtor, then what? Can we interview them first and see what they would do with the lots? Chair Lottman stated we have a potential builder with a proposal — purchase a few lots, build and sell at the $199-$229k range with single car garage. Commission Lelwica would like to see some covenants in the development to be attractive — single car garage homes not as easy to sell. We need a certain level of stock in town for people to live here vs. the next town over. Commission Hallan asked what's best — giving a rebate or an incentive? We're a city, utilities is our business — why would we give that for free? Rebate/incentive if you complete the project in 24 mths as an example. What about RFP? Roads are currently ok at best in this development — is the city willing to resurface it to make it better — to help entice the sale of the properties? Could be a selling point... Commission Lelwica asked if the city is set on the current size of the lots as platted. They might not be big enough for 2-car garages? They differ now than the original. Liaison SPederson stated the city could be open to new ideas if a developer came in with ideas, but the city is not re -platting. Commission Holley asked if we're ok with townhomes going in the current development as proposed by current contractor interested? Commission Hallan stated to get this in the hands of the realtors and see what they say, we can then go back to P&Z if needed for any updates and still meet the setbacks etc. Holley stressed that we cannot agree to 1 car garage homes, they just don't sell. Lelwica agreed and stated if we allow a 1 car garage, that is where all the `extra' outside storage items start to come into play (fish houses, trailers etc), need 2 car garage to be competitive. Lottman asked if the EDC is giving a recommendation to help the city and get 2-3 brokers/realtors here to help with the marketing/selling of the properties. Holley stated we need to give them the basics and details of what can be done vs. not on the property — the realtor will take it from there to get it marketed properly. She also noted there's no `set' fee for any realtor, it's an agreed upon amount. She stated this area could be both duplex or single family homes — there's options. She'd like to have local real estate community have access to this (she's also disqualifying herself from this process). Commission Lelwica asked if we look to sell a few properties or all. Holley said if we're moving on this project, let's move and sell them all, do it right. Lottman said lets get the realtors involved, we've spent enough money on this project — get them involved and see what they say. Attendance member, Jon Lubke asked who sets the price for property? Lottman stated the realtor will help with this. Tyler Glynn (virtual attendee) asked what the downside is? Holley sated 'none', just stressed again to work with realtors in Pequot so they're more invested. Commission Hallan made a motion for the EDC to make a meeting date for broker/realtor to RFP & how it should be structured — general meeting or 2 committee members? Lelwica stated she'd like to have it known in advance of the general meeting date and 2-member committee date. Lottman stated to have it on the January agenda for all to meet, have a Special session right after that meeting is adjourned, same night. COMMISSION HALLAN MADE A MOTION TO HOLD DISCUSSIONS WITH FURTURE BROKERS W/RFP WHERE ALL INTERSTED PARTIES CAN ATTEND, AT