Brian, >> wait for the camera. >> Wait for the thumbs up. >> What time is it? >> Ready. All right. Morning. We will call to order this meeting of the Economic
Development Authority Board at 7:01 a.m. Uh, everybody should have a copy of the agenda. Any additions, corrections, deletions to the agenda. >> Move to approve the agenda. >> Motion to approve by Palaba. >> Second.
>> Second by Dub. All in favor? >> Opposed. All right. Agenda is approved. Consider approval of the minutes from the January 15th, 2026 regular meeting. Any additions, deletions, corrections to the minutes from the last meeting should
be in the packet. >> I move we accept the minutes of the last meeting. >> Motion by Evelyn to approve the minutes. >> Second. >> Seconded by AB. >> Are you going to do the pledge of allegiance? >> Oh, good call. Um, we will do that after.
>> Okay. >> Yes. >> Thank you. a good catchup. Um, any discussion on that? All in favor of approval of the minutes? >> I All right. Thank you, Evelyn. Evelyn uh pointed out we did not do the pledge. Uh, so why don't we do that now?
I >> pledge allegiance to the flag of the United States of America and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all. Thank you, Evelyn. We'll get that added
to the agenda going forward. >> All right. Consider approval of the January 2026 treasurer's report and monthly bills. Mr. Ericson. >> All right. Well, good morning everybody. Um January had a beginning balance between
the three accounts of 148 22932. We had revenues of 92412 which consisted of the uh pettop vet clinic revolving loan fund and then the remaining balance of the second half of our uh 2025
property taxes expenses of 198408 which consisted of uh payroll and associated expenses um marketing the annual dinner and then um Morgan's name plate bills to
be paid paid February um we had to reissue a check to West Marketing that was uh lost in the mail. So between the three accounts ending fund balance of 147 16936.
>> All right. Great. Thank you Joel. Any discussion on the treasures report? >> I'll move to approve the report. Motion by Bonnie. >> Second. >> Second by Scott. All in favor? >> Opposed?
>> All right. Thank you. Moving on. Old business update on the EDA small cities development program housing rehabilitation grant. >> Mr. Ericson. >> So, we've got two projects completed. Um the third is a basement repair that the
um property owner um as I've said at previous meetings needs to get some things done prior to that work being done. Uh the fourth project bids were received. The excuse me uh the homeowner actually signed the repayment agreement.
Uh but again, like I've said at at uh prior meetings, the contractor bidded as the general and then when it came to saying, "Hey, you were the the uh winning bid," it was, "Oh, no, they all have to be separate. That's not how the
way I conduct my business." So, that um didn't bode well for the homeowner, and now she has to go out and get quotes for for all that stuff all over again as uh separate contracts. Uh the fifth project, the homeowner actually signed the repayment agreement
back about a month ago, January 21st. Uh notice the proceeds been issued and that project consists of replacing uh eight windows, adding some attic vent shoots and uh insulation to the attic and then removal and disposal of some identified asbestous.
last couple projects um basically were provided, excuse me, information on the grant program and then two others who uh are initially eligible have not returned their their full application to the county h. So
>> two two potential in flight >> and one in >> remind me does the county set the income limit or is that something that's done by >> um the state does it's based off of um of HUD. So, one question that came up, I know um
at the last city council meeting, we had an individual ask about information on it. Um the do those those limits change annually from HUD, do you know? >> Oh, they should.
>> So, what we have on our paperwork may not necessarily be the most current. I'd have to check with um the the HA as far as when they >> change them, but >> Sure. Just to be sure. I mean, >> they should at least be adjusted for inflation if you >> Yeah, that's what I would assume. Just
cuz if they go up, that might might help. That's our biggest challenge, right? Is getting people eligible to qualify because limits. >> I couldn't remember who set the maximum. >> Yeah. >> Well, yeah. They should be adjusted. I don't disagree. I mean, we're not
talking tens of thousands of dollars. We're probably talking a couple hundred a year, >> right? >> Anybody else have any questions or >> what's our total housing right now that are invested or >> two?
And how many applicants? >> Uh, six. Six so far. So a total of eight are that six includes the two >> correct? Yes. >> And of those five of them are more or
less gone. >> Uh two are complete. One's under um I guess I'm not sure if they've started. They notice of notice to proceed has been issued. Got >> so I don't know. I mean, with um maybe they
can do the attic stuff or get rid of the asbestous, but unless it was then last week, I don't see anyone putting any windows in their house. >> That's true. >> anytime soon. >> That's a good point. >> So, uh the rest of them are either in the um application process
>> or waiting for paperwork. >> Do we follow up on those from our end just to kind of keep pushing them along? Um, most of these I don't even see. They just go right to Rice County. >> Okay.
Okay. Well, keep encouraging. Hopefully we can get more people on board. Um, it's a great program. I think those income limits are our biggest barrier on that unfortunately. >> Yep. >> Any other discussion on the update on
the small cities development? All right. update on the business retention and expansion business visit program. Yeah. So, I've reached out to three businesses, Ivory and Onyx, um multiple times over the last well into late
November of of last year. I just um discussed it with uh the hardware store. They just ran into a a busy time. they are interested. And he said he's going to get the application filled out to me. And then once that's returned, we'll review it and get a a business visit
scheduled. And then I did send the an email to Minnesota Milwork Work and Fixtures along with the application to see if they were uh interested in participating. So, >> okay. All right. >> If you're around town, members, feel
free to encourage our businesses to participate in this. let them know. We'd love to pick their brain, sit down with them, chat. Um once we get one of these lined up, it might be a good opportunity to get some social media pictures
of our businesses and stuff. So, um maybe include Sophie and on that and uh yeah, I think it would be good. Maybe even video. >> Yeah. Or slideshow or >> Yeah, something. You're the expert.
We'll let you guys figure it out. But yeah, it' be great to have them there. >> So, in the interest of keeping it moving along, I mean, you know, the hardware store said they're work, you know, they're working on it. If >> if um Mil work got theirs back sooner, would we just >> Oh, yeah. move that slide in versus
waiting another 30 days or whatever. Okay. >> Yeah. >> Any other discussion on the visits? Anybody have any thoughts on that or >> ideas? or maybe Mac and Tunes even, you know, they've been pretty receptive to a lot
of stuff. Chamber City, they might be that'd be interesting to see behind the scenes there. >> Yeah, I think we were try we're trying to alternate kind of between industrial manufacturing and retail. It's not all
bottled up or all bunched up at one time. >> Yeah. I think at this point it's >> Yeah. Whatever you >> take what we take what we do. >> Yeah. Jake, >> I was going to say I mean, yeah, if you if you know you did uh you know, Minnesota mil work, I don't know, mind or you know, something, you know,
>> that'd be that'd be another comparable sized manufacturing facility. >> Yeah. >> Yeah. >> Was Tool or something like that. But yeah, we've already I'm not going to hash that all out again. >> Um since we're talking about business visits, um I'm I hope you guys get
emails from the chamber. Uh >> um ribbon cutting for Shieldsville cheesecake is this Saturday at 9:00. >> Yep. >> Awesome. Yeah. If everybody could attend those as much as possible, that'd be great.
>> Free cookies with purchase. >> I won't be there. I got dance with my daughter at 9. So, >> thanks. >> It's my wife's birthday, so I'm taking her out for cheesecake in the morning. >> There you go. Yeah. Breakfast. Breakfast. Birthday. Breakfast. >> What a big spender.
>> Yeah. What a big spender. >> Free cheesecake. >> I tried to convince her to go to the fireman's dinner on Saturday night for birthday dinner. That wasn't that didn't fly. >> Yeah. I uh if you haven't tried Shields Lake cheesecake yet, it's it's really good. So, it's it's worth getting out
there. Yeah. Home does a good job. Yes. And it's filling up Main Street. That's really good to see. We've got a lot of action on Main Street now. Um, >> I think we're down to two, three buildings now that are I I mean, they're
occupied, but they're just not in operation yet. So, that's that's a big turnaround, I would say, from the last couple years. So, that's good. >> Um, update on social media. >> All right. >> Not to keep you waiting. Looks like you
got business to attend to later, right, little guy? >> So, uh, good morning, Mr. Chair. I'd like to introduce you to our new social media contractors for the city of Lawndale. Uh, we have Steven, Sophie, and Arthur with us this morning. >> Little morning cameo.
>> So, uh, if you guys, if you don't mind, I'm just going to quick go through my, uh, report and then you guys will come or come in at the end. All right. >> Perfect. But otherwise, yes. Uh, good morning, uh, Mr. Mr. Chair, we got Stephen, Sophie, and Arthur with us this morning. Good morning, guys. Thank you
for making it in. Of >> course. >> Um, the city council approved the new social media services contract with Sophie and Steven Orlock of the Bad Hippies LLC at the December 22nd, 25 meeting. Since then, the city has executed the social media services
contract with the Orlocks. The Orlocks have worked with the staff to create the February marketing calendar and provided the January 2026 stats. Uh the February marketing calendar includes uh the monthly meetings post uh a big thank you
to the snow wizards uh for their uh donation for the founders festival. uh the February 9th, the Lawndale uh city or uh uh uh intro and uh reminder to uh for our residents to engage in the
uh 2026 Lawndale citywide mosquito spraying and chemical free pilot park and future amenities survey survey and uh Joel and I have met with uh the Orlock team and our concentration is on that small cities development grant. Uh
we pushed it or they pushed it out >> this month. It's uh it's slided to go next month along with the facade grant. So we are it is our first quarter priority to highlight these two wonderful programs. Uh housekeeping items, city hall closed,
President's Day. Uh another post, the Founders Festival uh fundraising post. Uh we did have a slight pivot for February 18th. Uh, and I do want to make announcements that the uh the two um lawn sale skating
rinks are closed obviously from last week. Uh, but so we're going to focus on and you probably saw the post yesterday uh the seasonal job posting for public for part-time public works employees. Uh EDA facade grant a survey reminder
and you know we were just talking about Shields Lake uh Cheesecake. That is the the video spotlight for this month to and to promote the downtown businesses. So we are in the discussion yesterday of like hey what are we going to focus on
in March and really want to hit continue the downtown area like you said it council member Wormer Gersian with Ldale Takaria. So, um, the images, they created the the images, a new look, uh, that's in your packet here,
and then we get into the the stats, uh, which is also in an attachment, um, just quickly going through through them. So, our Google business, uh, 321 viewed our business profile.
Uh, YouTube, we've had 394 views. uh during the month of January. So, you know, the council has all been or been focused on transparency. Uh this is where anybody in the whole world can tune in and watch this meeting at this time.
>> Wow. >> Um moving forward in the stats um into the Facebook analytics, engagement up by 49%. you know, these guys put out a strategic uh post earlier in the month uh an event
post for Hey, just a reminder everybody uh actually I'm going to also inform the group that Sophie is the chair of the founders day committee and I cannot believe how much work has gone into that committee. But otherwise, she did post
that, hey, we're having this event. We need you to come. It's on Friday, July 3rd. So that really created a lot of uh traction there. Um moving forward, we are up uh she her and Stephen gained 20 plus followers in
their first first month of uh taking over social media. So the Facebook page has 535 total followers and I know that is a major priority on these guys' part to increase our our followers here. Uh,
but otherwise guys, I just quickly went through that your stats or the January stats and I'm going to turn it over to you guys. So, welcome aboard. And anything you want to add to the stats or where we're at with our social media? >> Yeah. Um, so we got we got the keys a
little late to the Facebook page. So, as you can see, our first post was like January 28th or something like that. So, >> um, we don't have a lot to base it off of month by month yet because January was a little dead, but we can see with the pictures that we're using and the
language that we're using, um, just engagement is already up, which is awesome. And we haven't even done videos yet, >> right? >> And so once the videos come out, it should be way more, especially on YouTube cuz we can't do pictures on YouTube, so it has to be videos. And if we're going to do one to two videos a month, you know,
>> then it's going to go a little bit slower. But we have these meetings and things like that. >> Um, I'm really excited for the cheesecake uh video, the homo video. >> We went and did an interview with her and Russ. >> Did a whole interview, got everything.
We're going to go back during uh the grand opening because uh they weren't completely filled up with >> items and things like that yet. So, we want you >> want to get more of a what what it's actually going to be like. But that's going to come out and uh it's going to
be really good. We have plans to highlight other businesses on Main Street as the months go on. >> So I think so far it's a really good start. We've already gotten followers. The posts um have gotten more traction than they have been in the last year for sure.
>> Lots of engagement and honestly engagement we want to focus on more than the followers because with more engagement will come algorithm and with algorithm will come the followers. So >> just having people interacting, involved, even just liking the post is considered engagement. So the more fun
things we can post about the better because the more the community will actually show interest and we've been cross-osting lots of happenings, 11,000 members in there. It's a huge opportunity and I definitely think that's where a lot of our following is coming from. Um, and it's been pretty
consistent in terms of people realizing that the city of Lawnale does have a Facebook page. And so, you know, I'm getting ones and twos every few hours after a post has been made or, you know, the next day they see it or in the evening kind of you can kind of tell when people are scrolling and they're
like, "Oh, I'm going to follow that page." So, >> yeah, >> they definitely seeing movement already with little effort so far. So, >> yeah. Um, as far as like, you know, the grant programs and the the facade, the
the housing program, I think if we continue to post those on a monthly basis until those slots are full or until the budget is fulfilled, there's no problem with that. Kind of just consistent reminders just like the uh Founders Festival drive. We'll do
another one of those. We are going to have another post of the uh check your water bill. You know, fill out that survey. We want to from the community. Um, don't forget about it. You know, we posted about it one time when the bill was going out. So, here's like friendly reminder. Hey, don't forget to do that
cuz we want the community to know that their input does actually make an impact because I know there's been conversation that, you know, people will say that they don't want something and then city does it. So, just letting them know like, hey, the city of Lawndale is
listening. We are we want to talk to you. We want to see what you guys want and um kind of take that into action. Um and then Shields Lake Cheesecake. So, they've got the grand opening this Saturday and then next Thursday, I
believe we'll be posting the video. So, it'll be a really good transition for them and hopefully bring them really like good business. Um, >> yeah, and I know we were talking about LinkedIn for the city and I think that's uh actually a really good idea. Most if
not all cities surrounding us have a LinkedIn and it's not much different from Facebook except it's businesses connecting business and especially for job searches. That's really important because a lot of you can just go on there and people can search jobs. So they can pull up jobs if they're looking
for something and we'll come up on that and that's way more efficient than just a Facebook post and then getting a couple people to click on it. >> Sure. >> Um so it'll it'll we'll probably post just like Facebook. It'll be a mirror to Facebook, but we'll be able to connect with other businesses and people looking to get jobs and things like that. And
when we post jobs, it'll be a lot more efficient than just posting on Facebook. So I think that's something a professional and networking platform. So it's like Facebook businesses for professionals and uh we were a little hesitant at first and then the more you
did some research on it and the benefit that it could bring and really the cities that we're seeing that do have a LinkedIn profile are bigger cities cities that we all know you know Apple Valley Lakeville those towns do have you
know more businesses they do have more traction and attention so I think um especially with Kaitton coming and Quick Trip and all these job opportunities that we'll be opening up. >> Um it will not only give locals an
opportunity for recruitment and leads, but it'll give local businesses kind of that reciprocated energy. So >> um >> yeah, >> sorry. >> I was just going to say the main street I agree since we moved here in 22 and
seeing Main Street fill up is awesome. I uh when we moved here it was that small town distracted uh that small town feel and then seeing how developed part of town was and how
vacant Main Street was. I was like what is going on? Like it's a beautiful Main Street. We could be like a small Northfield, you know, and seeing that final building, that final unit fill up on the one side. So it's like cheesecake and the old Ace nutrition shop. I mean,
that whole stretch now has full business, >> you know. So, it just, like you said, those last couple of units to be filled. Um, >> yeah. And we'll be there to catch it, to film it, and to >> put it out there. So, we'll feels like cheesecake will be a long form video,
short form video, it'll go on Facebook, it'll go on YouTube, and there'll be more following when they do the grand opening. Engagement is up, followers are up. It's nothing to boast about because January was flatlined, but it's also up higher than it has been for the past six months. So, >> awesome. >> It's looking good.
>> Yeah. >> Great. >> Trying to think if there's anything else. Um, February. Let me look at March really quick just in terms of future conversations. And I know this is kind of like an introductory meeting, but if you do want
us in attendance on a on, you know, regular EDA meetings, even if it's quarterly, like we are totally open for that so that there's transparency and communication. We're hearing what you guys are wanting from us and so forth. Um,
yeah, I think really just getting the community involved. um the founders day creating an event for example. Not only does it show up again and again and again on people's scrolling, but this will give us a better idea of who's
interested, who's going, what the attendance is going to look like. You know, you can kind of get a demographic ideal of, okay, you know, this age group or these are young families. Let's really focus on the schoolhouse and get some yard games going for Founders Day.
just really taking into account every little bit down to each person that is interacting and engaging with the content so that we can totally cater to the demographic and want scale and and give them service in the best way
possible. You know, founders day biased because I'm the chair, but you know, >> throw a plug out there again. Donate, please. Donate, please. >> We we really want to make this a generational impact. We have a lot of young families in Lawnale and we have a lot of older generations in Lawnale
generations and families that really rooted here um and know this town like the back of their hand. So we really want to take those two ends of the spectrum and unite them kind of the way community days would except honoring that heritage, that history, the the you
know we've got the beautiful schoolhouse that gets visited one day a year. Let's use it more. Let's interact. There's a whole lot behind it, you know. let's use that schoolyard like they did a hundred years ago. So, um we're really excited for Founders Day especially and the
fireworks in itself. and I went to the auxiliary meeting. There was a lot of excitement there um from a lot of the gals. Just you could tell they've been here for a long time and with not having the fireworks show or just kind of a
dissipation of community events and in involvement, I could tell that there was like a renewal in them when they heard that there was going to be a Fourth of July founders day celebration. So, uh, we're doing really good work and we're
only a month in. So, I'm really excited for what this next year has to offer. >> And Mr. Chair, like I said, we're going to focus on those grants again. Uh, we're going to push them as hard or as much as possible. Uh, our city administrator thought of this wonderful idea uh for a video uh focusing on our
compost site. >> Sure. >> So, having perhaps a joint interview with Joe Dornfeld, our public works director, and our new sergeant, Jack. So >> before too, he's great. >> So, but yeah, it's you know, it's with the we had a little taste of spring last
week and uh with all the discussion at the the council level uh with the compost site, uh I think there's a good educational >> piece that we could push out for an opportunity and we have the perfect people to interview. >> Yeah. And also as a gardener myself, you
know, mid-Marchch letting people know that don't know we have a compost site and hey, like you can utilize this for free if you're a resident of Lawndale. I'm greedy for dirt. Dirt gets expensive and even if there's a little, you know, suspicion what's in the dirt and
whatnot. I consistently see how well taken care of the compost site is, the rotation, you know, all the procedures that they do there. I'm assuming that's Joe that is in charge of all that >> public works team. Yeah. >> Okay. Awesome. Yeah. So, I think
mid-March is a really great opportunity to highlight it so that the residents, you know, they're going to be starting their seeds. They're going to be starting the spring prep a little bit as we get closer to that uh that last frost date. So, I think this will that's a really good idea to do. And um
>> and that's the number one question I get about the compost site is, "Hey, there's dirt up there. Can I take it?" >> Yeah. >> Right. like please. >> So if we get if we get an interview even and some footage of them actually, you know, moving the dirt, shoving the dirt, all of that and actually make it really interesting,
you know, >> we don't want to just like spew out information. We want to make it >> uh attention grabbing for people watching and also, you know, very informational. So we don't just want a bland this is what it is. We want to show people what it actually >> that's great.
>> And uh I talked to Ki a little bit yesterday. He's going to get back to me today kind of in lie of spring is coming. That means Arbor Day is also on its way. Um talking about creating an actual event that people can again show
interest in attendance. Uh and I I believe last year didn't have as much attendance as they had hoped for for the arbor. >> The weather wasn't great. >> Okay. So having, you know, a plan in place and an attractive appeal for the
residents to be more involved. Um, so she's going to get back to me today about that and just, you know, highlighting the things that, you know, parks for example, they do so much, highlighting the parks, just continuously going to the advisory
boards, the department heads, and reflecting what makes lawnail lawn sale and actually putting cont stand out about it so people know like oh my like our town does a lot you know >> kind of gives that recognition a lot >> awesome
>> but I think that's everything I'm sure I could go on >> yeah any questions from you guys at all >> yeah is there any questions or discussion I'm excited I I really like the u the post I saw the fundraising post that was it looked nice eye-catching so that one
that one jumped out to me Um, >> done by yours truly. >> Yeah. No, the the the graphics look great. Um, I'm excited for the videos. Um, >> yeah. I mean, there's just lots of opportunity. I think our biggest
problem, I think, is going to be just not overutilizing you guys and burning you out >> because there's a lot of ideas from a lot of directions, >> right? And then it's like, how do we spread this out so it's proportional? Um, and I talked with Mayor Tom a couple
weeks ago and because he had seen I think it was the monthly meetings poster one of the graphics that we designed and um, we kind of went back to the red and the black and the white and gray in there. Uh, trying to stay a little more
cohesive with the lawn branding and you know when you see hall we got the beautiful big S side and then out front as well. Um, I know we were kind of on the website and the lawn logo has kind of that three rivers blue swoosh going.
>> That's more the EDA logo though, right? >> With the >> uh, correct? >> Yeah, that's the EDA logo. >> Oh, it is. >> Yeah. >> Okay. >> Yeah. I mean, there's been talk on and off throughout the years of branding kind of uniformity, but >> Yeah, >> it's been talk. We haven't really We've
kind of gone back and forth on it. >> We just know we have interest in helping. brand >> brand brandale >> and you know the more posts we do make even if they're simple posts the better uh for engagement wise if some if they can expect something every day or every
other day from >> the the city page >> we don't have to stay limited to two posts a week >> you know >> and we can experiment with what works what doesn't so >> you know I wonder if it would be possible with the uh the development grant if any of the
participants that have gone through it would do a video like it was easy to apply. I I don't know. I'm just hoping this is what they say. Easy to apply. Great work with the city and the county. Just kind of >> kind of a review. >> Yeah. So other people go, "Oh, cool. It wasn't that bad. Maybe I'll jump in and
give it a shot." You know, I mean, we really the idea is to spend the money if we can. >> Anything we can do, >> I can reach out to them. you start talking income guidelines and stuff, people kind of shy away from >> I don't think we need to get into the income stuff just
but that's the number one thing before you're done. >> You don't really want to put anybody on the spot because I think we talked about it. >> Yeah, that's true. >> I've actually spoke to people that I know that aren't applying for that reason >> because they don't want to have >> they don't want people to know. >> Oh, I see.
>> Transparency is good. Just a thought thrown out. Or even, you know, if they just let us >> Yep. >> show the contract. We don't have to do any identifying or something. >> Yeah. Like, hey, this window and this, you know, just close up on the window or something so it
>> doesn't identify too much, but at least get some action on it and >> potential >> review. I don't know, something. >> Just a thought. >> Yeah. >> No, I agree. Giving the option out there. They decline it. >> I know. I don't want to be held anymore.
So, >> he wants to be part of it. >> Yeah. >> Any other >> questions on anyone? >> All right. Well, thank you guys. Thanks for coming in. >> Appreciate it. >> All right. Update on the EDA's facade
rehabilitation program. This is Corey or Joel on this one. So, since this went out, um I've received requests for information or hey, does this qualify from from four businesses. Uh three of them didn't and
the the last one they didn't say what they were looking at doing. They just wanted the the policy and the application. So, >> Mhm. >> Um I think one was a driveway signage and then one was was something else that that didn't qualify. So,
>> okay. So, driveways like paving doesn't qualify or does >> uh we told them that it did not because the the policy says that it needs to be permanent to the to the building. >> Yeah. >> Okay. So, it's the building itself. All right. That's good to know cuz I know I've I've had some discussions with some
business owners on it with questions and um I wasn't sure on the the paving piece. >> Um >> so, that that's helpful. That's good to know. Yeah, I had asked that about like, you know, seal coating and striping or stuff like that. You know, it's not a >> it's not a huge massive capital outlay,
but it definitely does provide uh curb appeal, you know, impact. But yeah. Yeah. It's not that's excluded. >> Yeah. And if you guys are talking to people, just have them give me a call if they have any >> questions or need more information.
It's nice to know that people are reaching out at least, you know, four in a month is pretty good, I would say. I think I >> mean, it means that the information is at least getting out there. >> So, yeah. >> Well, I hope so. It was emailed to every single business account. >> Well, they're reading it.
>> They're reading it. >> Deleting. >> Any other questions on this or discussion? Just keep plugging away, I guess. >> Yep. >> All right. So, that takes us on to new
business. Presentation of an executive summary for a potential hotel in the city of Lndale and discuss next steps. Um, I know we had u the information in the last packet. We did highlight that for everyone to take a look at that please coming into this. So,
>> hopefully we got some good questions. >> Yeah. So just um real briefly um Chan Johnson with um Market Point reached out to me um in November I believe to discuss um at least introductions and discuss the possibility of of a hotel in
Lndale. uh came to the December 22nd uh city council meeting I believe um gave the presentation that we'll go over today and through discussion at that meeting um directed to um come to the
EDA uh as a next step and kind of see how um what the reaction from the EDA is any questions and and kind of next steps which would be a uh feas a market feasibility study. So, uh, with that,
I'll turn it over to you, Chan. >> Thank you. Um, yeah, good morning. Uh, thanks again to, uh, talk about economic growth like this. It might be early, it might be, you know, snowy and crappy out, but I I enjoy
this, especially with the at the EDA level because this is why you all come together, this type of growth and conversation. And it's exciting to see how engaged your city is, you know,
bringing in uh social media people to bring attention to stuff. So, um, as Joel said, you got the the first or presentation. >> Y, >> I'm not going to spend a lot of time. Um, it's just it's kind of self-explanatory, but I'm I'm going to
fly through it. Um, so we can get just get back to the conversation and questions and that. So, um, like Joe said, we're Market Point. Um, we're a real estate, uh, development
company based out of White Bear Lake. Um second page little table of contents being kind of a what's what's in this presentation. Um our philosophy is a a team concept. Um
we we want to work directly and coherent with the city. So we just don't come in as a developer and say here's here's what we do, take it, leave it. you know, we we wanted we want
at the end of the this whole thing that uh a friendship if you want to call it that. So, um so we we kind of u describe it as a a three-legged stool. Uh we got Market Point Real Estate Development Service.
Uh designwise, that's the procurement um uh FFN uh component of it. and blue sky management. So, we're all we're all
in there coming up with a a a good plan for the hotel. Um hopefully my battery laughs. I didn't plug in my computer. That's another reason we're going to go through kind of fast.
Um section one design wise again procurement um page it says but you get the page where we got uh we work with all brands. Um granday is kind of uh when we're in the Midwest, uh, Minnesota, Wisconsin,
Iowa, um, and if it fits, you know, a community like this, Grant State, Grand State is the one we kind of go with out of out of the shoot. Um, for the reason of they gave us they give us the most flexibility to
design it around the city. And I and you'll and that that'll make more sense in a couple slides here in a hotel that we're doing in Clear Lake, Iowa, but you can see all the different plays we've done um >> through the years,
hotel management, blue sky. Um, again, I'm not going to go deep into it, but um great um knowledge and expertise when it comes in to coming into a community, how to promote, how to manage all that for,
you know, again, the success of the the hotel. Um, section two is kind of gives you a few of the grand stage that we've done. Uh, local um probably the most uh extravagant whatever running aces uh one
the high level but all you can kind of see what what branch state kind of looks like. Uh but uh the next section is you know we don't just do
hotels we do um you know banks, credit unions, uh financial George has done quite a few of those uh active projects. Um this is where the the hotel in Clear Lake.
Um so we again we chose Grand State just for the fact that uh it gives us the flexibility to kind of incorporate the city a lot. So, uh, if you're not familiar with Curl Lake,
we're Iowa where the music died. So, we're building a hotel right down on Surf District, um, right next to the surf ballroom. And so, we're redeveloping kind of all of that.
So in that same spot, I forget the year, but early 1908 or 10, there was a hotel called the Oaks Hotel that burnt down. So we took that kind of the image of that old style uh
wrapound deck um porch and you can see that fingerprint on the outside of the hotel. So I that's the flexibility that Grand State uh brings. Um,
and I when when the people from the social media were up here speaking, I just thought it it I was excited because what we're doing in Clear Lake is um we're at that point now where the
architect can do flythroughs. If you if anybody's seen any of that stuff, I mean, they're pretty pretty impressive. And that would be fun to get to that point where you put it out there and people can start seeing um before
really any dirts move what this hotel is going to look like. So you can get you can build some excitement on that. Um Lakes I live up in Nissa if anybody's familiar with that. Um I've got a
project in Peekquats. Um that's how I kind of come to find out um Lonsdale is because I've been working with Quick Trip and that representative working with you guys said that you guys had
shown um express some interest in hotel. So that's how that's how we're here this morning. So, um, and we're also putting a hotel there, Grand Stay, uh, and major medical. We've got another one in South Center.
A little bit about specifically Grandstay. Um, again, the first page just kind of gives you a another layer of their flexibility. They've got, you know, the more contemporary flat roof or um, uh,
the pitched roof um look some cities, some uh it it warrants either one of those. Uh some room typicals, inside rooms, um you know, breakfast bar, kind of just
showing that, you know, they're they they've got the same model, the same momentum as the big hotels. Uh the next section, feasibility study, uh is kind of where we were kind of at and and where our discussion was at at
the time of um the council meeting. The next is table of context uh kind of what to to expect um in a feasibility study. And section six says is kind of the process
of you know the development. You know this is kind of the start with the conversations. um see see where the temperature and stuff was at with the city and and that um and
then start to involve uh getting into the pre-development agreement uh city participation um local investors and that again section six more of a kind kind of
a visual of you know there's a there's a path that we follow um because there's a lot of moving parts in this in any construction sort of to to identify GC designwise
um mark point whoever you know make sure that nobody's stepping on each other's toes but also that nothing gets missed. Um final sections section seven is the teams designwise
market point um our designers that that kind of concludes it. back to the feasibility um and this is where I think we uh kind of left it at this council level >> is
in the discussions um we usually typically you know uh present to a city and the first step is to ask to have you guys do a feasibility study and there's a reason we do that a couple of them is one shows a little bit of participation on
your side but also it gives authentic stick to that feasibility that it's not biased because if we order or buy it some people you know financial you can look at it differently so in that discussion um I think Julie you brought
it up or somebody said that you'd already engaged with a feasibility company and you were doing something >> correct >> and so we said well might want to reach out and say and see what parameters they were doing
as a study and you did and um basically added it on for very minimum cost to get the required information that we need for a hotel feasibility study if that made sense. >> So that was good. That's very economical
on your guys' part. So, um, so that I'll just open it up to questions and and that just have morning conversation. >> Great. Thanks. >> Yeah. >> Anybody have any questions?
>> In your hotels, would you have like conference rooms and stuff like that for conferences? >> Um, so conference room or event centers? >> Yeah, >> kind of. Mhm. >> So, the way we look at them, um, they
they're a unique beast. You think, oh, it's just an open room, but it's more than just an open room. Um, >> if not run right, uh, they can be an anchor to the hotel for mainly the additional cost to build it and to run
it. So, uh, if there's a need that the city, you know, has or, you know, as we get down here, uh, one way we kind of, um, approach that is if there's a industry leader in the
area, in the town, um, we might ask them to maybe be a higher level investor for that fact. they could maybe name that room or type of thing so that that offsets. >> And then the other thing is we might
come to the city and say uh will you donate people help whatever might need to again offset some of those costs so it's not such a burden on the hotel performer.
But yeah, I mean we can we can definitely look at that um as we progress down that. >> Do you have breakfast serving every morning also? >> Okay. >> Yep. >> What else can I think of? Um
>> yeah, uh Grant Stay again is a great um middle high-end hotel. I mean, they've they've got the perks, they've got the reservation systems that like all the big ones have. Um, so they're that's that's good. Um, but I like them just
for the fact that, you know, again, they're the a notch up uh quality. Um, and they give you the flexibility that you can come in and put the fingerprint of the city on it.
>> I know some other hotels too, they have like restaurants in there and bars. >> Yep. Again, kind of like the event center. Um, we can look at that. We've got we've got hotel owners and groups that do do that. That's we'll just have
to that that's where the feasibility study can help us identify or support that. >> Um, typically if you want a restaurant, you you don't attach it. For some reason, a a
restaurant inside of a hotel, it's again it's people would rather walk in a separate entrance to a restaurant. There's just some psychology behind it. Not to say that it won't work, but right, you know, right
>> chain. So, >> okay. Because we only have one bar and no restaurant. No, I mean again done right, they they um they it works, but uh you just can't
my experience just don't go in with a knee-jerk reaction or a plan, you know, methodically go into it. um uh you know in smaller communities. Um example is a deep um
you know we got Baxter Nissa uh tourist area. Well the the restaurant that we're going to put there is a local people. It isn't like a fle or
it's not like a Applebees. So you don't feel like outsiders are coming in. So that's one way we kind of support that. >> So in this town, how big of a hotel would you be >> building? Like how many rooms >> again? The feasibility will support
that, but probably 58 65 room. >> Oh wow. Okay. >> Typically you want to get anything less than you know that 54 58 room.
the economics don't work. You just need those additional rooms because um when you do fill up, that's your >> that's your Black Friday, >> you know. So, but again, you know, as I sit here listening to your social media
and people as as that starts to wrap up and you get traction and visibility to your town, that will help fill those that hotel because people start to find you guys. >> So,
>> I know many years ago, my husband and I were talking about we only had 400 some people in this town at that time. uh it would be a nice place to have a hotel but New Pra at that time didn't have the hotel but um it never materialized anyhow so
>> and again you know um and we say you know a lot of towns there's a lot of activity that's it's rebirth since precoid got through co and I had a couple years and now these these cities are like okay let's re evaluate
or look at this hotel some of the studies show that you know what was then not now. >> So um and we we we've had those conversations with cities is >> not saying it won't work but we don't
feel comfortable moving forward. So, and and and you'll see in those studies that it breaks down, you know, competitor competitor locations, rates, what they anticipate, um because that's where, you know, a lot
of financing is based off of that. So, >> you want your occupancy over the year to be 55 or greater. And so, um if you can get to the the 70, 75, and 80, you got you got a good product. Would
the feasibility study would that include a survey of the community to see what they would be interested in that? Yeah, you guys were you engaged with Maxfield to kind of do a >> it was a market study
>> market the community see where maybe need stuff or what and so probably to answer that question probably in that study center >> and could it include or would it include I know you wouldn't be doing the study but some of the the uh things that
Evelyn brought up you know like having an event center And um >> yeah, I mean you can you can if you know how to look at it, it can it'll tell you if it will support it. Um those numbers. Um so yeah,
>> the market study is to look at all the different uh potential entities that that may be an option. Yeah. So, it would it is there a need first and foremost and then >> if there is, it would kind of give you a breakdown of here's what the market can
bear for per night cost, >> how many rooms would be viable? Um, amenities, what amenities would would be most beneficial in the area, that kind of thing. So, look at not just Long Island, but surrounding. Um
>> yeah, and I mean we're in the process of doing the full market study, just kind of a general one right now with Maxfield. >> Um so I think that's kind of where we're at with this is the question, are we interested in potentially moving
ahead with a market study? Are we at the point where we want to explore this? Do we want to open this this discussion up to see is a hotel even viable? So with the market study, we would be putting in an investment to say, is this even a
thing? There's the potential it could come back and say, no, it's not it's not going to work. It's just there's the market saturated in the area or there's not enough draw. There is that potential. >> So the question is, do we want to make the investment to see what that report
is or not? That's really kind of where we're at with this. Um, you know, I I was the one that asked the question, why why would the city pay for this? And I think that's that's a reasonable answer. I mean, I I'm I'm satisfied and happy with that answer to say, you know, at
the end of the day, if the city does the market study, it's not biased. If you, as the developer who wants to build a hotel or does build hotels, it's a biased study. It it could be looked at like I just saw in the news they were talking about uh something
with cheese. I think it was some something with cheese. Somebody did this thing. Oh, look at the the interest in cheese for whatever thing is at 95% higher than it was a year ago. And then it came out that the study that said it was 95% higher was sponsored by the
Wisconsin Bureau of Cheese or whatever, you know. So, it was it was Wisconsin like dairy board that sponsored the study. So then everybody's like, "Oh, okay. Well, duh. Yeah, of course it's going to say that." So I understand that. Um, you know, I guess that's the
question before us. You know, that's that's the question that came to the council as a council level. We said this is really something the EDA should start with honestly at the end of the day. So >> thoughts? My concern with the whole idea is I I do
wonder if there would be enough draw if it was just rooms because there really isn't much in Lostell for people to come and spend the night. >> Mhm. Um, you know, that's why it would all I
think it would almost have to be the reason there'd have to be a reason to come to the hotel and not to spend the night there. And that and you know, we have really no event. >> No, but we're close enough to be impacted by the two colleges in
Northfield. I I know that when they've got activities going on during their school year with old alumni and whatnot, this whole area is just >> unendated with people looking for space. >> Well, they just built at least one if not two new hotels over there, right? I know there's
>> Well, they've still got the old uh Archer House that they haven't rebuilt yet. That's supposedly at some point if they get >> done. That's not going to >> I don't think that's going to happen. No, >> you don't think so? >> No, I don't think so. >> Unless it sells. No, it's it's done. Yeah,
but but there are several hotels, you know, that's what the study >> Yeah, that's what the study would if there's a need >> is answer these questions for us. >> Can can I ask you a question? What other determinators uh >> did you look at before you you approached our city and said, would you
be interested or I've heard you're interested? Are there any indicators or or or um trip points that you check off before you go? I think we should go approach these people and see about putting in some property. >> Honestly, I mean, for for me, it's it's
kind of a sound, you know, childish, but kind of a gut feeling because I've worked with Quick Trip. If they're coming in, they see value to be here. Okay. And then, you know, you kind of just high level. Is there a hotel here?
Where's you know, you got um only Craig and and North Northfield. Um yeah, I I think it can support. And so you you kind of go down that why in the road like, okay, yeah, can support. Then you start engaging conversations and then
you know, then you you kind of rely on this report to kind of either uh solidify your thoughts or, you know, you you know it's you know on paper ink. So that answers your question. So um
>> I think doing a market study would be interesting. I mean I think we would benefit from it. You know whether or not we would go ahead with this project. I think it'd be interesting to see. >> Yeah. It has value whether we put out hotel in or not. >> Yeah. >> Well I think I think you're already
doing the market study. the feasibility. >> I'm sorry. The feasibility. So I think about if correct me if we added that. >> So the the addon, 1800 bucks. >> Yeah. For the feasibility >> that was for the sites.
>> Correct. So it was 7,000 or 8,800. >> And they were able to use some of the demographic information from our um uh commercial and and retail feasibility study. >> So that 7,000 price is a discounted price, correct? from what it would normally be if we were just doing this
as a standalone study. >> Correct. >> Sure. Um, anybody else have any other thoughts, questions, or we could take a motion to support because it would still go to council, right?
>> Or or would this Well, unless we take it out of the EDA budget. >> You guys want to fund it? >> Yeah. So, we've got two options. one, we can say the EDA is in support of this, but we want the council to weigh in as well.
Or because we're the EDA, statutoily, we have the authority to act independently >> and we can spend our budget of the 7,000 and just do it and we don't need to go back to the city council with it. Um, I'm a little bit torn myself, I'll be
honest. Um, it's intriguing. I'm I'm curious now that the question has been raised more than anything else. >> And the fact that we can do it at a discount is a little bit more intriguing. >> Personally, I don't know if we're quite there yet. Um, with Dayton coming in,
that's kind of a change factor for me where that might provide some additional need for something like this. >> Truckers. >> Yeah. With Dayton coming in, I could see where now the need the that changes a lot. >> Yes.
>> But I also want Dayton to come in first to kind of understand what they're doing. You know what I mean? So I'm a little bit torn on this, you know. Um >> it's probably you're thinking it's probably a little too early. >> Well, I mean the question I would have
the thing that I'm afraid of is if we wait for Dayton, we miss out on the discounted price >> and the cost would double. I mean this what's the normal price on one of these? 20 plus thousand if we do it independently. >> I think that's probably
>> 15 to 20,000. So we're probably double what we would be paying right now maybe >> as a guesstimate >> if but yeah >> definitely realizing a discount. >> Yeah. I mean we get a few thousand discount for sure by doing it now. >> Um you know and with that said we've got
surplus left over from last year. So it's not like we would break our budget cuz this is not a budgeted expense if we do this. We would be going into reserves on something. >> Well, the other thing is, you know, we we can we can speculate and guess and you know, whatever, but we don't know. We're not the experts in this, you know.
So, we're we're we're we're trying to make we're we're we're trying to make a a definitive decision >> based off of >> uh that's quantified. We're just gut feel, you know, that's that's what we're supposed to be doing is we need we need the we need the
actual data to make a decision. >> So, >> um, who funded the the last survey we did? Was it the city or was was it the EDA? >> The one that we're currently doing, >> uh, the EDA. >> So, the EDI did fund the last can't remember anything anymore.
So I mean it would definitely be within our review or whatever jurisdiction to >> fund this one then. >> Absolutely. Yeah. I mean we and again statutoily >> we can >> EDA is is one of the few advisory boards that has a budget that can do these
things independent without >> council oversight. I mean I I guess I would even call it oversight but council approval, >> right? Um, and frankly, I think we have the approval from the council side because it was kicked down to us. This came >> That's why that's why he's here today.
>> Yeah, exactly. See, see what we had to >> Yeah. This originally came before the council. So, it's kind of reverse of the way it should be working. >> Mhm. >> Um, yeah. So, it went to council first and now it's back to us where it should be the other way around. Honestly, >> that's the way it was planned on when I started it.
>> Mhm. >> Really? >> Yeah. So >> I started this EDA 20 some years ago. >> So I guess the question before us is what do we want to do? Do we want to make a motion one way or the other? >> That's really where we would get with this.
>> I would entertain a motion that we proceed with the theility study. >> Bonnie makes a motion. Is there a second? >> No. The only But are we going to do the 7,000 or the 8,800 though? >> That's that's the >> that's a question. Um
>> um >> that that's another question. >> So be I guess before I make my motion, we should discuss which >> what's what's your thoughts, motion maker? >> Um I'm not sure how much more the $1,800
would would provide, but field visits. >> So the 1,800 >> could always start with that and then >> add it if need be. Yeah. Yeah, the additional 1,800 is for >> shows that there's a need. >> It's it's a sighting. It's basically,
oh, where in town should it be? >> It's a Yeah, >> we're along Highway 19. >> So, so >> I mean, we're not we're not to this we're not to this right now anyway. >> Well, and frankly, >> I'll take the check. >> Buy me lunch. We're good.
>> Personally, I would say skip the sighting piece of it because >> just >> we're pretty limited. You've got you've got the land in the business park which I believe is zoned that that that zoning does >> an actual u permitted or condition. >> Yeah, cuz we might have to reszone there
to do that. So there's there's additional hoops there. >> Then we have some land right over here which would be next to Quick Trip and that's kind of it, >> you know. Um, beyond that, you know, you're talking privately held land and not a lot of it really in a place
where it's available for this type of thing. It's e most of the other land that's available beyond this general area, the business park or or over here next to where Creek Drip is going to be that the city owns is here uh between
Dollar General and the and the housing or it's own residential. What kind of timeline are you looking at as far as putting in a hotel if everything shows that it would be a good fit?
>> Um, you know, uh, in the best case scenario, um, it takes call two months to probably do this feasibility study. um through the progression. Uh I don't
see um I think this lot over here, this spot over here is probably the front. Um there might be some reasonzoning maybe. Um you know, if everything uh into place, you could have everything lined
up and then you kind of want to start construction in the spring >> because it usually takes or closer to spring because it usually takes I always say a year, maybe a little less paint if this is kind of normal build, but you
always want to open in the spring >> so you have that whole summer to to some. >> So, um >> early as 2027 if all the stars would have >> early early 27 would be >> that would be the earliest
>> build time. So, we take this year to you know uh design and all that. more stuff. >> So, you open in 2028, right? >> Yeah. >> Two years down the road.
>> Yep. Takes time. >> That would be the earliest. >> Yeah. >> Depending on what the study is. >> Yeah. >> I do have one more question. Do you generally get private investor funding?
>> Again, it depends. Um, you know, uh, the best case, you come in, you engage with a local bank, engage with some local investors, we keep it all open. Sometimes some communities can't support that. You know, either the bank doesn't
have that ability or there's, you know, not that interest in it. So then you, you know, we tap into other resources. So, >> okay. Well, I'm going to amend my motion to I would say that we should go ahead
with the $7,000 feasibility study. >> Okay. >> I'll second that. >> So, we got a motion by Bonnie for the feasibility study at the 7,000 rate. Seconded by Evelyn. Any further discussion >> and to be funded by the EDA? I guess I should
>> from the EDA budget. >> Yeah. >> All in favor? Any opposed? >> All right. So, that motion carries. We'll take a look at the study and see where it goes. >> Sounds good. Well, I do appreciate it. >> Thanks for your time and traveling in
this >> weather. >> I think I think we're on the tail end of it. Yeah. Hopefully, that was the last surge for our season. And >> fingers crossed we still got March. >> March is usually our worst. >> Basketball tournaments, >> hockey. Yeah. Tournament season. That's
why it happens. >> Sometimes Sometimes March can be beautiful, too. >> Yeah. Well, hopefully the chemicals work and the ice is melting. So, >> thank you for your time. >> Appreciate it. Thank you. >> Yeah, but it's melting in rice rocks, too. >> Yeah. >> All right. So, next item on the agenda,
discuss the revolving loan fund application submitted by Jeremiah Van Winkle, BNS Holdings LLC, Tipsy Bullfrog, to remodel the interior of 101 Main Street South. >> Um, all right. Thank you. Um, so I've been working with um Jeremiah Van Winkl
and Seth Schultz. >> Owen, >> um, Seth Owen Schultz, I'm sorry. Um, and working with them uh, last week and uh, early this week on a revolving
loan fund application. Um, I don't want to steal too much of of uh Owen's thunder, but they're looking at they're in the process of purchasing 101 Main Street South um old movie mania building or um I don't know. It's been vacant for
a long time. I don't even know what the last businesses >> been in there other than the candy store. >> Oh, that's right. Something sweet was in the front with Joan Ericson. Correct. >> The fireworks. Well, there was the fireworks and there's a tattoo shop >> or the staging company. They had the
home the home the home staging company was in there. >> Yeah. I guess the last was there was selling some type of stuff out, you know, like a little shop >> used 60 years ago was a bar. It was the Lzo's
bar. >> Yep. >> Years ago, it used to be something. He told me maybe a pizza joint was in there. Yeah, that was about uh that was about uh 20 some years ago. >> Yeah, >> absolutely. >> So, it's been through a lot it sounds
like. >> So, they are working with um Franson here in town um on uh obtaining a loan and SBA um guarantees. Um included is the their application um uh and all the
information has been been provided. I know you guys are just seeing this. Um, so we we talked about the timing and um, we're certainly not expecting a >> application. >> Oh, that's right. That's the separate piece. Sorry. >> Decision today, but wanted to to start
the process so that we're kind of timing our process with with the bank and so they kind of secure all their financing at at one time. um looking at receiving a revolving loan
fund uh in the amount of $50,000 for um basically the remodel. >> So I don't want to steal all your fun, but I turn it over to you to >> I mean I'm here to answer a lot of questions, maybe tell you a little bit little about us. >> I think that would be a good start.
>> I personally I already own two other restaurants. I've got one in Lakeville. Uh technically it's New Market Township, but it resides in Lakeville. Um I also own a restaurant in 1319. Both were doing pretty good. Um that's a new pride
is that restaurant. Um you know, I've been in the industry for quite a few years since I was 15 years old. I'm a partner with my uh my brother and the rest of my family. For me, this is kind of a side, you know, separate from the rest of my family. This is I'm working
with Jeremiah Vanville. um he came to me for my you know expertise in in the area you know as he doesn't do restaurants or bars um but that's where we're at today and we just you know we both we he lives
on the outskirts of new I'm out in Montgomery um and you know sometimes we're always talking and just Frank's out and one day we were passing through Londale and we saw some space available for rent and uh we were talking about it because we've been talking about it for years. Should
we do something? Should we not? Where should we do it? We stopped by and checked the place off for rent. Uh it was really really cheap, but when we checked it out, it was feels like we needed to do a lot of work, you know. I mean, got to redo some ceilings, redo
the flooring, you know, that it got that's where it got involved into. This isn't just uh walking into this place, do a little bit for $1,000 rent a month. It's we ended up talking to the gentleman that owns it and we buy the whole building. Uh if we're going to put
this much money into renovating all these things, the last thing we want to do is just be renting it. 5 years down the road something's not working out and we get kicked out or we leave. That's a lot of money we put into something we don't own. So started uh chatting with
friends in bank. Um they did some they did did some work on us and checked things out and it sound like we were to go on um being able to get a loan to be able to do these processes we want. Um
uh started talking with Joel a little bit and got some information on some EDA loan, economic loans that we could do to help offset so we don't have to go to the bank and take such a larger loan. That's what we're looking at here. So, um, we we're kind of in the final
process of the loan on the bank. You know, they've they've gone through all our paperwork. We're approved on it. I think it's settling on the number that we're trying to the loan we're asking for here. So, when you're looking at, you know, what my costs are versus what we're taking. Um, obviously, whatever we
get approved from you guys, um, that will come off of some of that loan where we won't have to take as much at a higher rate. uh longer terms. Um which in the end helps us with our monthly costs, our overhead that we do to be
able to keep um to keep, you know, prices down, not have to inflate them as much to pay for, you know, the rising cost of everything else, labor and product and and rent and all those things that coincide with that to make
sure that we're still successful, that we have visitors coming to our um willing to spend the money. You get into these smaller towns like like this, it people don't want to be seen seeing Minneapolis pricings. You know, they want these smaller town prices. That's
what works. So, um that's why we applied for this one and uh we're, you know, hopefully we can get get a vote on that and get some support from you guys with that. Um do you guys have any questions for me?
Um, as far as would you still keep the apartment building or the apartments up above? Is there any uh thoughts on improvements >> to that? Those I I don't I haven't been in that, but yes, there would be thoughts. I think the thoughts would be
after the current tenants are, you know, as they move out or leave that we would go up there and assess. I'm going to be honest. I haven't even been up there to see what the apartments what the inside looks like. I've kind of taken the word from the the current owner, Jeff, his
name is. >> Um, his tenants, he says, have been in there for for many years. He says they've been he says they plan on never leaving. >> That's that's pretty that's pretty typical of some of those apartments on Main Street. You got people that are in there.
>> To be honest, the rent the current rent on those are are really low. So, it's really appetizing to people to stay there. They anybody that's currently there now and they they decided they wanted to go live somewhere else, >> they're looking at double the price of what they'd be paying now probably.
>> So, um but yeah, our goal would be to continue to improve um as you see uh with our uh uh improvements that we're making. A lot of it's on, you know, electrical work, uh, plumbing in in that building and,
um, there's a AC unit currently that that I guess doesn't even work and they haven't been using. So, that's going to obviously support upstairs as well. Um, so as we get further into it, >> there could be some overlap of some of
those improvements. >> Yeah, absolutely. And would you be using the whole building like where the fireworks that would you open up that whole entire >> Yeah. So there's currently um there's that room that I mentioned that front part
>> that was a candy shop. Then there's a huge wall. >> Um our goal is to actually tear that whole thing out. That's where we had to replace, you know, have to repair the whole ceiling because the two ceilings are two different parts. um and change the electricity going from
both. Uh but that wall would remove and we'd have that whole, you know, right when you walk through that front door, >> it's just wide open. >> I think you Bonnie, the um the fireworks is a separate building, >> right? >> And there's currently a new tenant in there.
>> There's a there's a tattoo shop in there. >> Yep. So we from my understanding, we're going to be owning that and that's going to stay. I guess he just signed a lease, so I had to >> Yeah. It's a brand new deal. They just own >> it. Yeah. So, >> okay. So, you would own it, but that you wouldn't >> We would continue renting. Yeah. I think
the already established and >> um Yeah. Sorry. I thought you were talking about that front part right when you walk in now. >> Right. Yep. >> There's already huge divider. There's basically two rooms. Go into your left go straight. >> All that's going to come out and it's just it's one one large open space.
>> Yeah. um bathrooms towards the back and then >> I believe that's your common wall to what is now the tattoo shop. >> Mhm. >> Cuz when it was the old municipal that that whole area was the bar and then there was a walkway and what is now
the tattoo that was the jail house. >> Oh. Oh yeah. They were >> uh I got a little tour downstairs in the basement. It was real convenient. You just had to walk also was jail. So >> it was efficient if nothing else. They
could go right in and sweep it off and >> Yeah. >> Yeah. >> So we got a lot ling flooring. The the walls the outside your your main common outside walls. They're the brick and you know been plastered with mortar and then just painted over. But a lot of it's all
chipping and breaking. You know, our goal is, you know, in the construction the the the GC is going to come in and they're preparing for itself and we're going to do some type of shiplap or some type of wood that will just kind of cover those all those ships and breaks
in the wall just to make a nice clean look. Um, you know, hopefully improving the look substantially. >> Yeah, it it does look pretty pretty rough right there. >> And all those old I got it in my my first building in in New Prague. It was the old Simon's bar, sportsman bar.
Everybody knows >> that when I tore that, >> I swear I tore about five walls out. >> We on the one wall after we tore every wall out, we gained about almost a foot in flooring
>> that we had to build new flooring. Then we built, you know, the new wall after we were done with the garage that we did. But those old buildings are interesting. You know, the things over time. They're sturdy though. Now, did you say 1319? >> Yep. That's >> that's my current and and I work there
every day. I'm there, you know, 5 days a week and that's my my bread and butter. That's what, you know, pays my living. >> And now, would this be just a bar or would you have >> It's a bar. Um trying to keep our over, you know, our overhead very low. When you once you get into a kitchen and a
restaurant, it's just there's a lot more um a lot more labor, a lot more this, a lot more that that drives cost up of pricing on everything. Um we do plan on doing your typical, you know, bar food. We'll have some snacks. We'll have uh you know, in some of the equipment that
we plan on purchasing, pizza ovens where you just do your your typical hedges pizzas or >> um you know, type of pizza companies like that that do frozen pizzas. um with the thought of moving a little bit down the road. There's a lot of great equipment out there these days where you
can buy, you know, things kind of like that. They call them Turbo Chefs, um, more industrial style ones that don't take hood systems that sit on a counter. And you can do you can do wings, you can do appetizers. And a lot of food companies these days uh approved food
providers like US foods and Cisco have so many uh product items that you can buy that are essentially precooked that are actually of good quality these days compared to 15 20 years ago. >> So it's almost like air frying essentially. >> Yes. essentially just industrial and you
know so our thought is you know further down the road you know if people are asking you know maybe we throw some wings in there some cheese curds you know some of your just you know your grub that you know people want to grab where they don't want to go out for a full dinner but they just want a snack you know before they go home and go to
dinner have dinner at home or something. Yeah, that was one of my biggest questions is kitchen. >> There's no hood in there. And being on the ground floor with apartments above, where do you punch through? >> Yeah. >> Yeah. >> And then you start getting a lot of heat generated in a kitchen, which then moves
up upstairs, which >> Yeah. >> Yeah. >> Yeah. Um, no, I probably wouldn't, to be honest, if we were talking kitchen stuff, I probably wouldn't be getting involved in on this this project. this was a easier project for me to do to work with this gentleman uh Jeremiah who
we've been friends with for many years that you know it was kind of his his rotation that he wanted to do but you know he wanted help and support and the knowledge of you know how we should be doing it. Um nice little side project
for me um to help me in my living and I live in the area. It took me 10 minutes to get here. Um, so >> with the bad weather, >> yeah, I might have passed a couple cars that were going about 30 miles an hour, but you know, that's why I drive a truck out this way.
>> Yeah. >> Four-wheel drive. >> Well, this is this is good background information. >> Yeah. >> So, you said you're you're close to finalizing with the bank. >> Yeah, I think the bank is waiting for an appraisal. Actually, they've already done a phase one testing, which passed.
That's done. So, they've already put some money into it and we did the phase one testing. From my understanding, we're just waiting for an appraisal and finalizing some of the paperwork, lining up. Sounds like some of this loan is coming with the bank, some of it comes from the uh SBA.
>> So, it sounds like they keep coming back with multiple questions. Um, and and it's just, you know, things like, "Hey, we just want to confirm this. Hey, we just want to confirm your mortgage on this. Hey, >> you think it was their first time ever doing it? Why didn't you give us the list at the very beginning?
>> This is actually would be my third SBA. >> No, no. I'm saying the SBA though you you know you think it was their first time. They're like, "Oh, we didn't think of this. We didn't think of this. Come on. You guys do millions of these. You knew this >> like me thinking that. You're thinking that. Me thinking on the other end. I've already had two one. I've got one SBA
loan for each of the other restaurants. >> I have >> They got all your stuff. >> I've not g Yeah, they got all my stuff and I've not gone through the same process. It seems like the other two were easier or you know I was obviously working with a different bank at the time so maybe they just had more of my
information or paperwork that they just didn't even call me up and they just passed it along. I don't know. >> Sure. >> Seemed easier. But >> so with that said, you know, because this is, you know, like like the the agenda says, you know, or the the report
said, not sure if we can make a decision today. I guess we'll leave it up to you guys what you think, but um if we were to kick this to the March meeting, how does that impact you? What's your timeline? I mean, is this is this is that a detriment to where you're at with this? >> When's the March meeting?
>> Third third Wednesday or third Thursday. So, it would be March. >> My recommendation would be to have a special meeting. >> Yeah. >> Okay. >> I I I feel like getting towards the end of March, I mean, this is a process we've been working on with the bank since >> Yeah. That' be the 19th.
>> And I know my G our contractor is he's anxious and ready to go and he's been asking. Matter of fact, I think he's >> his other contractors that he working with, they all reside in lawns. Three of them, the electrician, the plumber, and >> they're all ready to roll. >> They're they live in London. They're
ready to roll. >> Well, I know on your your application here, you've got a a May 1st hire date on on position you're going to create >> estimated something we're hoping for. Then >> obviously things have keep going a little bit longer. They've been want,
you know, the SBA wants a little bit more information. >> Sure. >> We actually thought we'd be would have been closed on the loan by now. But >> um I've been working with Michael over at Franen and he he was hoping towards the end of February. >> Sure.
>> If not beginning of March that we can close and then we kind of wanted to get get into the process. So it' be the idea of your guys's approval would be if it's done right before our approve our finalizing the closing on the loan that's where they would adjust the
numbers and we wouldn't have to take >> take the full you know full amount of you know 689,000 we you know less >> so that'd be the idea. >> Sure. So, if we end up closing on that loan and then you guys wait till the third week, it could,
you know, that then next thing you know, we just I don't know how if they just wouldn't draw as much or how that work, but we'd be paying on partial of that. >> Correct. >> You know, you made that point that 689,000. I love that you shared that because
there's so many people that say, you know, we have businesses, empty buildings, people should just open up a business. Yeah, you're you're talking, you know, half to threequarters of a million dollars just just before you even >> turn an open sign on. You know, the the
idea that this is super easy. All you got to do is, you know, decide, you know, make a product or, you know, >> open the doors. >> It would have been easy if I could have walked in and just paid $1,000 in a month of rent and and there was some stuff and there was and all I had to do and all I had to do was maybe build a
bar top >> and and then buy some coolers. But >> yeah. >> Yeah. I mean, our other second location that I did, Red Fox Tavern over in Lakeville, >> the keys were handed to us, you know, >> it was turnkey. >> Yeah. It was turnkey. But by the time we
got in there, within two months of actually opening up, we spent half a million dollars, >> you know, from from renovating cuz yes, the guy gave us the keys and handed and all we did was pay him some cash up front for some of the equipment that he just bought, but it needed new tables
and chairs. It uh health inspection came in. It was like, "Yeah, you got you got to redo the floor. You got to you can't have this floor. You can't have the ceiling. You got to, you know, makes you think, why did the guy walk away from his restaurant? Was probably because they said the same thing. You got to redo this, redo that, and he didn't have
the money. >> Yeah. >> You know, >> it's not cheap to do this. >> No, it's not. >> Um, what's our current budget or what's our available funds? Our balance. >> That's what I was going to ask >> for for revolving loan. I don't remember. Was that in the
>> because I know we set aside 50 as a number, but there's additional funds in there for >> I thought we had like 80 or 100 or something like that. >> It's probably in the treasures report. I'd have to go back and find that.
Um so so right now um current balance is 46,000 and then um we continue to receive the five 550 a month through what October of this year from >> pet stop. >> Yep.
>> So that would have pretty close but so we'd be we'd be funding into a deficit. Uh yeah, you'd be looking at if that if that was the amount um you know, possibly a transfer from the the EDA short-term to the 208.
>> When's the last time we did a revolving loan? >> Uh 10 years ago. >> Pet stop. >> Pet stop. >> It was the pet stop. Yeah. >> Mhm. >> How long what was the term on that one? >> I think it was 10 years. >> It was a 10 year >> actually. Didn't we What about the uh taste of law? That was a revolving loan.
Well, >> but no, that was that was that was >> Yeah, they defaulted and we got our money back. >> Yeah, I know that. But yeah, so that was that >> that was probably after that >> on my application. I did put 10 years. I'm I'm open.
>> It could be. >> I thought it our goal is to >> our goal is to pay back loans faster than >> we're not just going to sit on it, you know, and sweet. We have a >> God, we had a great year. Let's just sit on our money or go spend it. It's no, let's pay back the loans.
>> It says eight down here. >> Oh, it doesn't say eight. I didn't know what to put. I think the first time I put five or I might even left it blank. And then I put five. And then when I was talking to Mike at the bank cuz I needed some numbers for you, he's like, "What are they asking for terms?" I'm like, "They didn't. It's just left blank. It
seems like I can ask." He's like, "Go as high as you can." And I'm like, "Well, I don't want to. I'm the faster I get things paid off, you know, the less we have to worry about, the less overhead I have to worry about making payments to things. Um, and
then we just operate the business as needed and as see fit to to, you know, to the times like as pricing, you know, things that drives pricing up and people, you know, people that go to restaurants and bars all the time like, why is this so expensive? Why is it so I
can go over here and get it cheap? Like, well, it depends on your overhead. depends on your, you know, what are you paying for, how are you paying for it? >> Mhm. >> You know, >> yeah. And the reason I was asking was just from a standpoint of, you know, we got to be cognizant of, you know, if we spend our entire, you know, budget that that wipes it out until it gets
replenished, you know, either through uh >> repayment or >> Yeah. repayment or through uh budget process. >> So, I'm open to terms and we're obviously we're open to I put up to 50,000, you know, >> you know, whatever we look at. Again, what you guys do helps take off of what
we have to go over here at a higher at a higher rate when we just have more month higher monthly payments that we're trying not to get up. >> And that that's what this that's what the intention of this is. You know, you're you're getting primary financing through a bank. This isn't designed to be a primary supplemental. >> Yeah. >> Have you spoken with any of the other
>> bar owners in town? Just >> uh I I haven't, you know, I've never met the I think it's is it Ryan or something over at Rail 19. Great. >> Um the only other Jason Yeah, I've never spoken to him. I think my partner Jeremiah might have um
>> uh the gal that um might do some managing for us as a bar manager also cleans Rail 19. >> Oh, okay. >> She she's So they're right here in town. >> Sure. >> Um I'm friends with Andrew with Smoke, so we've actually ch chatted a little bit about it and um we actually have
already talked about collaborating. >> I'm sure you have. He's good at that. Yeah, get some of this food. >> Sure. >> Um, what can we do on a Friday or Saturday night to have some food available for people that want to come into into the bar establishment instead of going to a restaurant establishment?
>> Um, so we've talked about like things like that. So, him I've chatted with. Um, and I don't know who owns currently is operating the VFW or is it >> it's it's the Legion. Yeah, the Legion the House committee basically. Okay. Yeah, they're operating it. >> I heard that they maybe a couple They're
not even open seven days a week. No. >> So, I've never I've never talked to that person. >> Yeah. Yeah. That would be the the whole You'd have to talk to the commander and the house committee and Yeah. >> Okay. >> Yeah. They don't have an outside Yeah. There's no outside entity running. Okay. I was just curious on that. >> Yeah. Talk to the house committee first.
>> Yeah. >> Yeah. >> Not the commander. That was first. >> I guess I would um I'd almost like, you know, I think your your uh suggestion of a special meeting, Joel, would probably be a good one. I mean, if we can if you're comfortable
waiting even a week. >> Yeah. >> Just to kind of, you know, this is the first time I've seen the application. I'd like to just kind of >> go through it myself. I mean, I I'm I'm leaning towards like, yeah, this is a great idea because again, we just had a conversation about Main Street and get it filled up, but um just maybe even a
couple of days. I mean, I'm I'm open to whatever you guys want to do, but >> I'd like a couple of days if possible. >> Yeah. And I knew that that might might be coming as much. I've talked to Joel and I'm always apologizing. Sorry for the short just keep slacking things on us like, "Hey, I want this. Oh, hey, get
this in quick. Hey, do this." Like, "All right, man. I'm sorry, but here's last minute. I need I need this info." >> And I don't want to hold you up either, you know? I mean, it sounds it sounds like this is kind of a go either way. >> Yeah. >> Um, my understanding with the bank is we're sounds like we're we're already
solid. >> I mean, I I know my partner Jeremiah, he's the one who's coming in with the down payment that 25% he's signing on. He's signing on his uh he just did a little little helock from his home and sure he said he's signing paperwork out on Friday for all that money. So we're already we already have a down payment
secured. Yeah. >> On Monday we'll have it >> that you know as the bank told us to go ahead and move forward with it. >> Yeah. And I mean I guess the fact that we're you know we'd be funding into a deficit at the full 50 you know kind of thinking about that you know I just want to I want to take some time and process
it. You know I mean I don't want to hold you up. I mean, I I'm open to anytime next week to do a special meeting. I know what what what does the rest of the the board think here on this >> a time until Wednesday? >> Wednesday. >> Next week. Yeah. >> You talking about an evening then?
>> Evening meeting. >> Uh I mean I could do a day meeting. >> Challenge for me next week would be my manager is out for the next two weeks. So, I would have to I have to be to work by 8:00 a.m. Uh, >> if this was the only thing on the agenda, I get back.
>> So, that's I you know, I I could do a 7 a.m. But I need to be to open business at 8. >> Mhm. >> I mean, unless, you know, this is just my opinion. I mean, if you guys are comfortable and ready to roll, somebody can make a motion. I mean, you don't have to follow my lead on on anything
necessarily. I just that's my thought on it. I think we should discuss it more because you know we could discuss also you know we don't have if we don't have the 50 then just do what we have too. So I think but I think it's definitely worth
considering and >> yeah a little more thinking over it. >> Okay. Um what do we need for notice? 3 days. >> Yep. So that would put us at Tuesday or would
Monday. >> Well, if I posted it today, >> Tuesday. >> Um, well, it could be as early as cuz you can count today. >> Okay. >> Friday, Saturday, Sunday. >> Oh, so it does. Oh, so it's not business days. It's a calendar. >> Day days. Okay. So, we're fine with any
as early as Monday morning. >> I mean, what do you guys think? Monday, Tuesday? >> I won't be here. >> Wednesday. >> Doesn't make me any difference in the morning. I'm not expecting anything from the bank early next week. >> We look at Wednesday.
>> Yeah, it just like we find on the phone. Just comes down to the timing of our council meeting either the 26th. >> I don't want or worst case it's >> Does the council have to approve it as well? >> Uh that's what's been done in the past. >> Okay. So, we want to do it before Thursday because next Thursday is our
council meeting. >> Let's look at Wednesday then. >> Thursday morning. >> Wednesday morning. I I'm still in transit. It would have to be Wednesday afternoon >> or on Thursday morning and >> well then I don't think if if we're going to make sure that everyone's here then >> 26 isn't going to happen.
>> Yeah. He's got a quorum. >> As long as we got a quorum. That's the thing. We just cuz we're missing two today. If if if you're not here >> Tuesday I >> We still have quorum. >> Tuesday I can't. But >> Monday or Wednesday I'd be fine. >> I'm guessing it's the four of you.
>> Yeah. I mean, it's >> so >> I'm I'm fine with with any of those days. >> Bob, how do you feel? I mean, are are you good with >> Yeah. >> Okay. >> Yeah. >> You trust I think really what it comes down to is >> the amount. >> Yeah. >> I mean, I I think I get the impression
that everybody's all for this. It's just do we want to go the full 50? Do we want to look at a different amount? I I think that's really what the discussion comes down to and that we need to think about. Yeah. >> Um, so >> and feel free to share thoughts email.
>> So just what you guys do for us, it it helps us. >> Absolutely. >> You know, immensely >> mainly with those percentage rates and costs. So we're we're just we're happy that you guys are offering to even help. And so whatever, you know, whatever's offered at the time is we're still going
to be happy with. >> Yeah. Yeah. So, you said Monday or Wednesday, >> correct? >> Is Monday too soon? >> I don't think so. >> I mean, do we want to just shoot for for Monday and just get it done with so that
I mean, I I'm I'm trying to think sooner the better for you to have a decision. >> Um, >> yeah. >> You know, I definitely over the weekend's plenty of time for me to digest everything and go through it. Um, >> can we do 7:30 or 8:00 and >> I'm not available at >> He's got to be done by all next week.
Oh, I'm sorry. for the next two weeks. Yeah. >> So, this is why I was hoping. >> So, we'd have to do seven >> still have >> and take a vote before 8:00. >> We don't necessarily have to conclude the meeting. We just have to have a vote before 8:00. >> Okay. >> Or 7:55. So, >> yeah.
>> Well, would it take us a whole hour to make the decision? >> Probably not. You're probably the decision made by the time we get here. Yeah, I'm guessing we get it done by 7. >> We could probably do at 7:30. Would that be okay for you then? Or is >> I I would rather leave it at 7. doesn't make me any difference.
>> That gives us the buffer. >> All right. >> That's we're talking about. >> So, I'll make the motion to do a special meeting Monday, this coming Monday, which would be what? The 20 >> The 23rd. >> 23rd at 7 a.m. with this being the only
agenda item specifically. >> A second. >> Okay. >> All right. Any any other thoughts? All in favor? >> Thank you. Sorry to make you have to come back again. >> Oh, you guys want me to come back? >> I mean, I guess you don't need to. It's
okay. >> Did you guys say Monday? >> Monday. >> No, you wouldn't need to. >> I actually wouldn't be able to make I know I've got a committed meeting at 7:00, so >> Okay. >> Um, if you guys don't need me, that'd be great. >> Sure. If we have questions, we can get them to Joel and Joel can email you and Yeah. All right. So, I appreciate that. >> Yeah.
>> All right. Well, thanks, guys. Appreciate everything. Any other questions? >> No, that you've been great. There's been a lot of thorough information, much more than we've ever gotten on any of the loans since I've been on the >> All right. Well, I'm glad I'm trying to do my due diligence. You know, it's all about numbers and details. That's what I learned.
>> Yeah, this has been great information. >> All right. Appreciate it. >> Thank you. >> Thank you. >> All right. Next item of business, discuss scheduling and topics for a work session of the EDA and the city council. >> All right. Let's see. Uh, so this was
talked about at our um last EDA meeting. It was discussed briefly at at the council. They're looking at um wanting to do a uh a work session with the EDA in March. So, um I did include um kind of started
working on the packet for for that meeting including you know kind of what's going on our comp plan just kind of general information that really was brought up at the the council meeting as far as discussing um you know
the we should have the market feasibility study back by then. I spoke to Max Field and I'm really hoping by um ideally well it's not going to be this week but but next week um hopefully early next week we get it if not by the
end of the week um the zoning or comp plan design standards what lands available and then we've had some real discussion on um the next phase of our business park. um it would be an evening meeting and
dates that do not work would be uh March 5th, 9th, 12th, 16th or 26th. So I guess for for this agenda item, it's any additional items that you guys want to discuss so staff can do the research
and provide the the information in the packet. And then uh date and be looking at um starting at 7:00 >> and ideally it would be not on a council meeting night. Correct. That's kind of where we went with that, right?
>> Uh yeah, that's why I uh that's why conflict with other boards and stuff for sure. Would it make sense to do it before the second council meeting? >> Oh, we can't start until 7. >> No, before the second council meeting.
>> So before date wise, not >> date wise. I'm sorry. Not time, but >> so before the 26th is what you're saying. >> Yes. which would be the if we're going on Thursdays it would be the 19th. >> That's our EDA meeting that day. So >> the 19th is
>> 19th that morning. Y >> so we have the ED in the morning and prep and joint in the evening if we wanted to do that. >> I'm kind of open in March. >> Yeah, >> makes sense.
make the 19th an EDA day. >> Does everybody Does anybody have any football >> concerns or alternatives? >> Yeah, I was going to say that. >> Yeah. Is there like two other dates that that would work? >> Yeah. Right.
>> I mean, I guess I'll make the motion for the 19th. >> Well, but >> unless But we should probably have at least one alternative because >> Oh, yeah. >> We have to check with the council members too. So, our our preferred is the 19th
um with >> is the fifth too soon. I don't >> That's one of the do not the >> Oh, that was a do not. Okay. Gotcha. >> I think what did you say, Joel? The 5th, the 9th, the 12th, >> 16th, >> 16th, and the 26th.
>> Correct. Okay. Okay. So, we could do Yeah. I mean, really any days other than the ones that I'm unavailable the 10 or the 10th. 17th is St. Patrick's Day. So, you know,
>> for those that celebrate >> some some people Yeah. >> Yeah. Not Irish at all, but they need to >> Yep. Some people get into it. >> Wednesdays are tough for me, I'd say. >> Oh, that's right. Um I have Yeah, Wednesdays are kind of a pain in the
butt for me, too, depending on which one we're doing here. >> Yeah, because the 18th would be the library board. >> Well, if we're not the 18th, then we'd be looking at the 23rd or the 24th. Those would be two options unless
>> 24th is out for me. >> 23rd. >> I mean, I guess as a backup that we could throw out the 23rd. >> Okay. >> I mean, I guess do we do we need a motion for this or we're just throwing it out to the council at this point? >> Um, yeah. I mean, it's just going to be
a a work session. >> Yeah. I mean, I guess we just can make a motion of priorities of this day, this day, and this day. But at at some point in time once the date is um is selected, we'll have I'll have to just post it and
>> Sure. Yeah. >> comply with the open meeting law. >> I guess 19th pri would be the preferred >> first option and then 23 >> 23rd is a second. >> Yeah. >> Is everybody okay with that? >> This is is this a morning meeting then? No,
>> no. 7 p.m. >> 7 p.m. >> Oh, no. The 23rd. I can't make that then. >> Well, that would be the alternate. So, we're hoping >> or the 10th, I think, would be the only other alternative. >> And I'm I'm unavailable. >> Oh, that's right. You said that. Or St.
Patrick's Day. >> Let's see. We have 10. >> I don't know. >> 10th would be okay for me. >> Does anybody >> I mean, >> St. Patrick's Day. >> I mean, it might not work for everybody. you know, >> do what you >> I mean, I'm not
>> I mean, I'm not opposed to doing it on St. Patrick's Day if we have >> doesn't bother me. >> Okay, just throwing that out. I've scheduled stuff and then later on at the end people have said, "Oh, you know, we got this tradition or whatever. Can we reschedule?" >> Well, should we say 19th >> 19th
>> 17th as a second and 23rd as a final? Yeah, >> the 19th at 7 7:00 p.m. >> Mhm. >> Yeah. Well, that's that's what we're proposing. So, it's not set in stone yet. >> Okay. But still, >> Yep. They'd all be at seven. >> I make my time written down here.
>> Sure. >> So, it' be either the 19th would be first choice, 17th would be second choice, and 23rd would be last resort. I hope that doesn't work out.
>> And I'll let you guys know next Friday because this will go to the council. >> Sure. >> And we can even I mean if we needed to do a quick vote, we could do it on Monday. >> Oh, we could do it right now. >> Oh, wait. No, no, no, no. We couldn't because council's next through. Never mind. >> I mean, I I'll make a motion.
>> Yeah. I'll make a motion that we, you know, um, propose these dates to the council for joint work session. >> Motion by Bonnie. >> First one, 19th, alternates
17th or 23rd, 700 p.m. >> All in favor? >> I. >> Any opposed? All right. Great. I think uh one of the things too is we we should really kind of clarify the roles in economic development like
kind of how we want things to flow when people come to the city with projects you know does it start at the council does it start at EDA how does that go because I mean you know we've seen a lot generate at council and then come down to EDA and go back to council do we want it to start at EDA and then go to the
council how do we want to do that >> or even not doesn't necessarily have to start but we need to be included early on. >> Yeah. >> So, >> just kind of >> so not blindsided at >> Yeah. Definition of participation in roles, you know. I think that's a big thing that there's been a lot of confusion.
>> Well, as far as the hotel, I mean, we were reached out, we met. Yes. And, you know, for for a project like that, if the council isn't interested in it, then there's there's no sense in uh them coming to the EDA. >> Well, exactly. Sure. Sure. But I mean, if we get down into the nuts and bolts
and having the conversations, you know, at what point does the EDA get brought in, that kind of thing, you know, I think we should we should have some delineation figured out, I think, because there was some confusion about that with a couple projects now. So,
all right, on to other business development update. Um well saw on social media that Quick Trip is going to be opening in September here in Lonsdale. Uh no update on the daycare
tmi we provided um assuming their their finance as Owen was saying uh environmental uh they're going through the same same work for for their loan for an expansion. So we provided them that information. Uh no updates on Londale packaging or the commercial
building. The billboard was has been constructed. The west face is up and we're anticipating the the east side, which will be the dynamic side, the um changeable. >> Yeah. >> Um in the next couple weeks, I know that that's uh ordered.
>> Do we know um does he already have um space? Like how many businesses are going to be on that side? I'm assuming he's already reached out to businesses in town and stuff like that to get >> Yeah. I'm not sure who's all >> Okay. Not that we necessarily would be,
but just wondering if if you know fully fully rented or whatever. >> Yeah. I don't know. >> I I I had people ask me that because you know the even just for the static side. >> Mhm. >> You know, a couple people are like why what you know
>> what how did they get the first one or whatever? I'm like >> totally private business. I have no idea. >> Don't Don't know anything about it. >> Start Start with existing customers. >> Yeah, it could very well be. >> Sorry, I didn't mean to derail your report. >> They did.
>> Yeah, I guess I didn't think about that. >> Uh, no update on the the business park. Obviously, we would talk about that at the the work session. As far as residential updates, we got the concept plan for Prairie View. uh big property.
I'm looking at 100 plus or minus lot subdivision. Um initially 30 homes each year would be built and uh we've bringing the concept to the count or the planning commission, excuse me, next week on the the 25th. 58 unit
apartment complex was approved at the uh last council meeting. So, we'll be working on getting all the documents signed and um them fulfilling all their their obligations through the developers agreement. Uh Cory and I met with a developer builder that's interested in
constructing the 50,000 square foot building to lease. And then obviously the uh tipsy Bullfrog Bar, uh Owen, excuse me, Owen was here uh this morning uh presenting plans and his uh EDA request.
Great. Anyone have any questions or >> um discussion? >> So the apartment so what did they what did they end up settling on or whatever? I know the abatement didn't pass. So was there >> any just a adjustment to the
>> understanding of sack and whack and then it came down to there was no need for baitment. So there's no >> essentially no city incentive. They're paying full tax. >> Correct. they're paying a single connection which that's what they have coming into the buildings. So it's
>> it's all developer or investor driven. So there's no city I mean at the end of the day you know we're going to net what is it like close 375 in fees upfront
>> and then 51,000 minimum per year for taxes as opposed to what was it 12 and then five. So >> yeah, part one part one of my concerns about that I and I thought about it after the fact was if we would have all got it all on the front end with the
sack and whack. Um >> we would have lost about 300,000 on the back end of taxes >> in a long and so then unless we would have done a fund transfer it doesn't you know uh you know that sack and whack that goes to that there's nothing for other general services.
>> Yeah it's dedicated to sew and that's where it goes. >> Yeah. So, yeah, we're I know we kind of operated a little bit light on the the sewer and water, but >> yeah, my calculations show with getting the 51,000, it's a net gain between the two deals that were proposed of almost
$300,000 over the 10-year period. >> Okay. >> So, we we we're 300 it's 290 positive over the 10 years than what we would have gotten with the abatement. And who knows what the what the values would actually come in at.
>> That's what the minimum. Yeah, the minimum is 51,000 per year for the taxes. >> So, cool. >> Yeah, it's a difference up front of about 125,000 >> less upfront. >> Sorry, we keep interrupting you, Joel, with your
>> No, that's that's it. >> Perfect. Any questions? Um, >> concerns? >> This is kind of really totally >> We should move up this way. I feel like you're just way over there on >> subject, but this founders festival. Um,
I didn't want to ask Sophie when she was here, you know, discussing the marketing thing. But is this not going to kind of interfere with community day events? >> It's a month apart. I'm I guess I'm thinking more sponsorships.
>> Yeah, very well could. >> Um because it's not a it's not a nonprofit, right? Like if someone makes a donation, >> it's a donation to the city, >> but that's not considered a taxdeductible donation.
>> No, it's not. No, it's not. >> Yeah, I don't >> I I guess that >> Well, is are donations to the chamber taxdeductible? >> The chamber is a nonprofit. >> It is. Okay. 301 301 >> 501. >> It's not a 501c3. >> It's a 501 something. Whatever it is,
>> it's a 501. >> Yeah. >> Okay. I was just >> I was just curious if I guess >> I I don't I really don't know how much of the tax deductibility is really a big influence in donation you know for most
>> you mean from individual people donation donating >> well or or businesses even I mean I guess yes they can get it but I you know it's it's I think majority of them it's it's about what the >> what the donation is going to not necessarily the deductibility um I mean yeah businesses deduct
whatever they want individuals, >> right? Yeah. >> Um it's not as um >> Okay. I was just >> Yeah. >> more curious, I guess. >> Look at more as a sponsorship than a donation. >> It's an It's more of an advertising thing when you're doing it versus a uh for business.
>> You can do Yeah. That's Yeah. business deduction. >> For businesses, >> Yeah. Okay. >> But for individuals, you can't do that. >> Correct. >> Okay. >> There's very few individual donations to community. >> Yeah. Yeah,
>> volunteer might be the the thing that you see a strain on, but that's tough. Anyway, we're probably going to run into issues getting volunteers for this just like the chamber gets up for community, but that's a bridge that the committee will have to cross.
>> I told Shannon I had a conflict and I would not be there and she said she quits. >> So there. So, um, >> I'll make a motion to adjurnn. >> Second. >> Uh, before we, does anybody have anything for the March agenda that they'd like to see specifically beyond
what we already have? >> No. >> Nope. >> Okay. >> Now, I'll make a motion to adjurnn. >> Second by. >> All in favor? >> I. >> And we are adjourned. Thank you folks. >> Thank you. >> Good discussion.