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City of Centerville <br />EDA Meeting Minutes <br /> June 21, 2023 <br /> <br />The EDA decided on opening a money market account with MidWest One and having Finance <br />Director DeJong determine the dollar amount that is deposited. <br /> <br />Motion by Commissioner Mosher and seconded by President Remillard to open a money <br />market savings account with MidWest One and deposit the balance minus $2,500 or an <br />amount determined by Finance Director Bruce DeJong and the EDA will reevaluate the <br />account in three months. All in favor. Motion carried. <br /> <br />3. Swag Bags <br />Executive Director Lewis introduced this item and requested that the EDA help collect swag since <br />it is coming in at a slower pace than last year. EDA members discussed businesses they would <br />approach. <br /> <br />IX. NEW BUSINESS <br /> <br />1. Prioritize Recommendations from the Downtown Redevelopment Market Study <br />Executive Director Lewis introduced this item. Discussion ensued about the recommendations <br />outlined in the report. Discussion ensued about the recommendations and the EDA would like to <br />explore the following: 1. Incubator spaces to support small business downtown. 2. Leverage local <br />economic development tools, state and federal grants and loans, and other resources for <br />development projects. 3. Combining the following 2 goals: pursuing retail concepts that would be <br />most likely to have success in downtown Centerville and prioritizing retail development on Main <br />Street versus Centerville Road (parcel identification on city owned parcels). Executive Director <br />Lewis will begin working on the priorities and will bring some information back to the EDA. <br /> <br />X. ADJOURNMENT <br />Motion by Commissioner Smith, seconded by Commissioner Swenson to adjourn the June <br />21, 2023, Economic Development Authority meeting at 8:08 p.m. All in favor. Motion <br />carried. <br />3 <br /> <br />