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2022.09.06 Regular Meeting MinutesMinutes of the Economic Development Authority of the City of Crystal Regular Meeting Council Chambers September 6, 2022 1. Call to Order President Banks called the meeting of the Economic Development Authority of the City of Crystal (EDA) to order at 6:02 p.m. 2. Roll Call Upon call of the roll, the following Commissioners were present: Jim Adams, Brendan Banks, David Cummings, Therese Kiser, Nancy LaRoche and Olga Parsons. The following staff were present: Executive Director Anne Norris, Deputy Executive Director John Sutter and City Attorney Troy Gilchrist. 3. Approval of Minutes Moved by Commissioner Adams (LaRoche) to approve the minutes from the June 21, 2022 regular meeting. Motion carried. 4. Consider a resolution adopting a proposed 2023 EDA budget and HRA tax levy. Staff presented information about the proposed budget and tax levy. Moved by Commissioner LaRoche (Adams) to approve the resolution adopting a proposed 2023 EDA budget and BRA tax levy. Motion carried. 5. Property Status Update Staff updated the board on several current and potential projects: ■ 5526 West Broadway (former Pizza Ranch space) - will be divided into two separate spaces, a restaurant and bar taking the kitchen and dining spaces, and a tobacco shop with sampling area taking the party room and arcade spaces. ■ 35.01 Douglas Dr (Crystal Suite Living) - completed and opened. ■ 227 Willow Bend (former Police Dept. Community Outreach Office) - Aqua Coin Laundry is getting close to opening. ■ 5208 Hanson Ct (former site of Crystal Auto Parts) - a contractor has purchased the site to build an office/warehouse for their business. Page 1 of 3 5358 West Broadway (former Burger King) - Hyder Investments, which owns the Crystal McDonald's and ten others around the metro, is finalizing their construction plans to renovate the building for their corporate office. 3600 Douglas Dr (former Pizza Hut) - Wine Thief & Ale Jail is securing financing and contractors to renovate the building with a goal of opening in early 2023. 7. Other Business There was no other business. 8. Adjournment Moved by Commissioner Adams (Parsons) to adjourn the meeting. Motion carried. The meeting adjourned at 6:14 p.m. Page 2 of 3 These minutes of the Sept. 6, 2022 meeting of the Crystal Economic Development Authority were approved by the Authority on n/! , 20�Z ATTEST: Mkn�"ij&� — Nancy LaRo he, Secretary Page 3 of 3