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Ed101199.doc CITY OF NEW HOPE 4401 XYLON AVENUE NORTH NEW HOPE, MINNESOTA 55428 Approved EDA Minutes October 11, 1999 Regular Meeting City Hall CALL TO ORDERPresident Pro tem Norby called the meeting of the Economic Development Authority to order at 8:56 p.m. ROLL CALLPresent: Pat LaVine Norby, President Pro tem Sharon Cassen, Commissioner Don Collier, Commissioner Mark Thompson, Commissioner Absent: W. Peter Enck, President APPROVE MINUTES Motion was made by Commissioner Thompson, seconded by Commissioner to approve the Regular Meeting Minutes of July 26, 1999 Cassen,. All present voted in favor. Motion carried. THREE-CITY President Pro tem Norby introduced for discussion Item 4, Motion Approving the PUBLICATION Twin Cities Business Monthly Three-City Publication Proposal. PROPOSAL Item 4 Ms. Sue Henry, Community Development Specialist, explained that staff was recently approached by representatives of Twin Cities Business Monthly regarding a promotional insert for their publication. After consideration staff determined a promotional piece would benefit the City. Due to the cost of such a publication staff explored a collaborative effort with Crystal and Robbinsdale. The publication would focus on business recruitment, with an emphasis on increasing interest and enthusiasm for the benefits of relocating, building, or expanding a business within the three-city area. It would be a high quality 12-page section in a magazine with circulation of 37,000. The cost for each participating city is $5,000. Also, staff recommends an expenditure of $2,000 for custom reprints of the information pertaining to New Hope. Ms. Henry stated the City of Robbinsdale has approved the joint venture and the City of Crystal will be considering the item at its meeting of October 19. Commissioner Cassen expressed support for the project and the benefits of promoting the business/industrial areas. However, she commented that a one time publication may not be sufficient. She suggested that staff obtain a quote of re-print costs in subsequent editions of the magazine. The advantages of a promotional insert highlighting the three cities versus the entire northwest area was discussed. President Pro tem Norby noted the expense is low compared the cost of a newspaper ad such as the Minneapolis Star Tribune. New Hope EDA October 11, 1999 Page 1 MOTION Motion was made by Commissioner Cassen, seconded by President Pro tem Norby, Item 4 to approve the expenditure for the Twin Cities Business Monthly three-city publication proposal . All present voted in favor. Motion carried. RESIDENT GUIDE President Pro tem Norby introduced for discussion Item 5, Discussion Regarding AND BUSINESS 2000 Resident Guide and Business Directory. DIRECTORY (IMP. PROJECT 666) Ms. Sue Henry, Community Development Specialist, reported that the City Item 5 produced the first Resident Guide and Business Directory in 1998. This was a very well received publication and had a shelf life of two years. Staff would now like to produce a year 2000 guide. The approximate cost to the City is $9,000 which includes information updating, production costs, and direct delivery to businesses and residents. The EDA unanimously expressed support of the directory. Ms. Henry indicated a formal contract would be prepared for consideration at the November 8 EDA Meeting. MOTION Motion was made by Commissioner Cassen, seconded by Commissioner Item 5 authorizing proceeding with the publication of a year 2000 Resident Thompson, Guide and Business Directory. All present voted in favor. Motion carried. ADJOURNMENT Motion was made by Commissioner Collier, seconded by Commissioner to adjourn the meeting Thompson, . All present voted in favor. Motion carried. The New Hope EDA adjourned at 9:22 p.m. Respectfully submitted, Valerie Leone City Clerk New Hope EDA October 11, 1999 Page 2