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EDA Minutes 04-10-2019 (Special Meeting)MINUTES SPECIAL MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, April 10th, 2019 — 4:00 p.m. Academy Room, Monticello Community Center Commissioner Present: Steve Johnson, Bill Tapper (by phone), Tracy Hinz, Jon Morphew, 011ie Koropchak-White, Lloyd Hilgart, and Jim Davidson Staff Present: Angela Schumann, Jim Thares, and Jacob Thunander 1. Call to Order Steve Johnson called the special meeting of the EDA to order at 4:00 p.m. 2. Roll Call 3. Get to Know You Interview -Discussions with Prospective Block 52 Developers: 4:00 D.M. PRG Commercial. Fargo. ND The EDA met with PRG Commercial to review two concepts that were provided at the meeting. Both concepts demonstrated a full block redevelopment opportunity with a mix of residential and commercial. Option A, included a restaurant with patio space at the northwest corner of the site. Surface parking, split level parking, and underground parking were also present in this option. An apartment complex was proposed for the south boundary of the site along Broadway. Developer representatives included: Brendan Muldoon, PRG Real Estate, Fargo, ND and Mark Bucholz, Bucholz Construction, Moorhead, MN. Option B was also presented with an apartment facing River Street and retail facing Broadway. Underground parking and surface parking were shown on the plans. 5:00 p.m. Briggs Companies. Elk River. MN The Briggs Companies then presented concepts to the EDA for Block 52. The concept demonstrated a combination of retail and commercial development. The plans also showcased a restaurant with patio that overlooked West Bridge Park. The development consisted of the entire block with building facing Highway 25 and Broadway. Developer representatives included: Pat Briggs and Dan Anderson, Briggs Companies, Elk River, MN and Lee Hanson, Esq., Gray Plant Mooty, St. Cloud, MN. Economic Development Authority Minutes (Special Meeting) — April 101, 2019 Page 1 1 2 4. Adiournment OLLIE KOROPCHAK-WHITE MOVED TO ADJOURN THE MEETING AT 5:55 PM. JIM DAVIDSON SECONDED THE MOTION. MOTION CARRIED, 6-0. Recorder: Jacob Thunander Approved: May 8, 2019 Attest: Economic Development Director Economic Development Authority Minutes (Special Meeting) — April 101', 2019 Page 212