02-26-2008 Special EDC Minutes - Laserfiche WebLink

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SPECIAL MEETING OF THE ECONOMIC DEVELOPMENT COMMITTEE MINUTES FEBRUARY 26, 2008 MEMBERS PRESENT: Mark Jurchen, Justin Bolz-Andolshek, Patrick Smith, Ed Larsen, and Nancy Adams ALSO PRESENT: Mayor Cathy Malecha, City Clerk Sandy Peine, Zoning Administrator Dawn Bittner; Elissa Rogers, BLADC 1. Call Meeting to Order The special meeting of the Economic Development Committee was called to order by Chair Larsen at 8:00 a.m. 2. TruGreen Company Elissa Rogers of BLADC made a presentation to the Economic Development Committee on behalf of the TruGreen Company, a lawn care and tree and shrub care company. This company is proposing to purchase Lot 3, Block 4 in the Pequot Lakes Business Park for $43,900. This is a $5,000 reduction in the City's asking price of$48,900. The business owners feel the reduction is reasonable considering the pricing research they have done on the business park lots in Pine River, Jenkins, and Pequot Lakes. The company plans to create 2-7 jobs within the next two years. The current hourly wage is at $12.00 to $15.00 per hour. The Economic Development Committee discussed the proposal. Questions were raised regarding the request to reduce the lot cost. Elissa noted that the owners were aware of the lot reduction prices offered to Lonesome Cottage. The EDC noted that precedence may have been set for the existing business park in lot price reductions but felt that if a new park is established the EDC should set some guidelines for lot purchases that will be consistent and fair for everyone. The EDC was pleased to see an existing company in the City wanting to expand into the business park. MARK JURCHEN MOVED TO RECOMMEND TO THE CITY COUNCIL THE APPROVAL OF THE OFFER BY TRUGREEN COMPANY TO PURCHASE LOT 3, BLOCK 4 IN THE CITY'S BUSINESS PARK FOR $43,900. NANCY ADAMS SECONDED THE MOTION. MOTION CARRIED 5-0.