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EDA Minutes 03-14-2018 (Workshop Meeting)MINUTES WORKSHOP MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, March 14th, 2018 — 4:30 p.m. Mississippi Room, Monticello Community Center Commissioners Present: Steve Johnson, Bill Tapper, Tracy Hinz, Jon Morphew, 011ie Koropchak-White, Lloyd Hilgart, and Jim Davidson Staff Present: Jim Thares, Angela Schumann, and Wayne Oberg 1. Call to Order Steve Johnson called the workshop meeting of the EDA to order at 6:00 p.m. 2. Roll Call 3. Overview of Services and Charize Rates - Buxton (Jacob Davis) Jim Thares introduced Jacob Davis, Buxton, to the EDA and stated they would provide an overview of their services and charge rates. They are a retail recruiter and have their own proprietary demographic income database. They target retailers based on available income in the community. Thares stated that their fees are typically $50,000 per year and they prefer City's sign a three year contract. Jacob Davis indicated that Buxton has worked in communities as small as 5,000 people and as large as Los Angeles, California. He reviewed the potential services that Buxton could bring to Monticello. It was stated that they partner with retailers on site selection and cities to discuss their needs. Further discussion occurred about the cities that Buxton has successfully helped. Buxton is currently working with the City of Wadena on their economic development needs. Steve Johnson stated that the EDA would look more into the services that Buxton can offer. A future meeting will be scheduled to consider a contract with Buxton. 4. Adjourn TRACY HINZ MOVED TO ADJOURN THE MEETING AT 5:42 P.M. BILL TAPPER SECONDED THE MOTION. MOTION CARRIED, 7-0. Recorder: Jacob Thunander '[r Approved: April 11, 2018 Economic Development Authority Minutes — March 14, 2018 Page 112 Attest: Jim 7hares, Economic Development Director Economic Development Authority Minutes — March 14, 2018 Page 2 12