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EDC Minutes <br /> February 1, 2012 <br /> Page 2 of 5 <br /> Community Development Director Hutmacher reported that the Governor had set a deadline <br /> of 5:00 p.m. Thursday, January 12, for final stadium proposals. Several proposals were <br /> submitted including for sites in Arden Hills, Minneapolis, and Shakopee. The Governor recently <br /> announced that the only feasible site for this legislative session is the Metrodome. There is <br /> mixed reaction among legislators to the Governor's announcement. On January 29, seven of the <br /> thirteen Minneapolis Councilmembers expressed opposition to Mayor Rybak's funding plan for <br /> a new stadium in Minneapolis as they cannot support a plan to contribute more than $300 million <br /> to a stadium without a referendum. Ramsey County continues to work to bring the stadium to <br /> Arden Hills. <br /> 3. UNFINISHED AND NEW BUSINESS <br /> A. 2012 EDC Work Plan <br /> Community Development Director Hutmacher reviewed the 2012 EDC Work Plan as <br /> outlined below: <br /> Economic Development Commission <br /> 2012 Work Plan <br /> 1111 2012 EDC Goals Work Tasks Schedule <br /> TCAAP Development • Communicate TCAAP development Yearlong <br /> issues with the business community <br /> New Member Recruitment • Newsletter article Yearlong <br /> • Bulletin notices <br /> • Business visits <br /> City Website Redesign • Research city websites and options January—March <br /> Project promoting economic development on the <br /> website <br /> • Outline economic development pages April—June <br /> Gateway Signs • Review staff reports and February—April <br /> recommendations to the City Council <br /> B-2 Implementation Plan • Review and comment on draft plan February—June <br /> • Communicate with B-2 businesses <br /> Tax Increment Financing • Review draft White Paper March—December <br /> Policy • Work with FPAC to analyze TIF <br /> captured tax capacity benchmark <br /> • Work with EDA and City Council to <br /> define development goals <br /> • Consider role of TIF in implementation <br /> of City development goals <br /> • Business Outreach • Plan and promote State of the City event June—September <br />