[PAGE 1]
Economic Development Authority
Regular Meeting
Wednesday, April 10, 2024
4:00 p.m.
Charles S. Crandall Center -- Meeting Room
City Hall
1. EDA Agenda - April 10, 2024
Documents:
EDA 04-10-2024.PDF
2. Roll Call: Boeke, Cowell, DeVinny, McDermott, Mensink, Raney, Voss
3. Approval Of Minutes: March 13, 2024
Documents:
EDA MINUTES 03-13-2024.PDF
4. Treasurer's Report
Documents:
TREASURERS REPORT.PDF
4.I. Account Balances
Documents:
3. B. MARCH CASH BALANCES.PDF
5. Loan Report
Documents:
LOAN REPORT.PDF
6. Reports
6.I. OACCT / OPED Report
Documents:
OACCT REPORT.PDF
LEADS EDA REPORT APRIL.PDF
6.II. MainStreet
Documents:
UPDATE FOR EDA 2024.PDF
FIRST QUARTER STATS DOWNTOWN O 2024 SOCIAL MEDIA.PDF
6.III. Tourism
Documents:
3-2024 EDA REPORT.PDF
6.IV. OABDC Report
Documents:
OABDC EDA REPORT 2404.PDF
6.V. EDA Projects
Documents:
EDA REPORT APRIL 2024.PDF
7. Old Business
7.I. Downtown Second Floor Commercial Space Contest
8. New Business
8.I. Purchase Of 151 Bridge Street West
8.II. Stendel Parking Lot Lease
8.III. Online Low Doc Applicaiton
8.IV. Forgivable Loan - 210 Main Street West (Vanity LLC / Miranda)
8.IV.i. Interior
8.V. Forgivable Loan - 306 Cedar Avenue North
8.VI. Low Doc Loan - 306 Cedar Avenue North
9. Schedule Next Meeting - May 15, 2024
10. Adjournment

[PAGE 2]
Economic Development Authority
Regular Meeting
Wednesday, April 10, 2024
4:00 p.m.
Charles S. Crandall Center -- Meeting Room
City Hall
1. EDA Agenda - April 10, 2024
Documents:
EDA 04-10-2024.PDF
2. Roll Call: Boeke, Cowell, DeVinny, McDermott, Mensink, Raney, Voss
3. Approval Of Minutes: March 13, 2024
Documents:
EDA MINUTES 03-13-2024.PDF
4. Treasurer's Report
Documents:
TREASURERS REPORT.PDF
4.I. Account Balances
Documents:
3. B. MARCH CASH BALANCES.PDF
5. Loan Report
Documents:
LOAN REPORT.PDF
6. Reports
6.I. OACCT / OPED Report
Documents:
OACCT REPORT.PDF
LEADS EDA REPORT APRIL.PDF
6.II. MainStreet
Documents:
UPDATE FOR EDA 2024.PDF
FIRST QUARTER STATS DOWNTOWN O 2024 SOCIAL MEDIA.PDF
6.III. Tourism
Documents:
3-2024 EDA REPORT.PDF
6.IV. OABDC Report
Documents:
OABDC EDA REPORT 2404.PDF
6.V. EDA Projects
Documents:
EDA REPORT APRIL 2024.PDF
7. Old Business
7.I. Downtown Second Floor Commercial Space Contest
8. New Business
8.I. Purchase Of 151 Bridge Street West
8.II. Stendel Parking Lot Lease
8.III. Online Low Doc Applicaiton
8.IV. Forgivable Loan - 210 Main Street West (Vanity LLC / Miranda)
8.IV.i. Interior
8.V. Forgivable Loan - 306 Cedar Avenue North
8.VI. Low Doc Loan - 306 Cedar Avenue North
9. Schedule Next Meeting - May 15, 2024
10. Adjournment

[PAGE 3]
Economic Development Authority
Regular Meeting
Wednesday, April 10, 2024
4:00 PM
Charles S. Crandall Center – Meeting Room
City Hall
Agenda
1. Roll Call: Boeke, Cowell, DeVinny, McDermott, Mensink, Raney, Voss
2. Approval of Minutes: March 13, 2024
3. Treasurer’s Report
4. Loan Report
5. Reports
a. OACCT / OPED
b. MainStreet
c. Tourism
d. OABDC
e. Airport
f. EDA Projects
6. Old Business
a. Downtown Second Floor Commercial Space Contest
7. New Business
a. Purchase of 151 Bridge Street West
b. Stendel Parking Lot Lease
c. Online Low Doc Application
d. Forgivable Loan – 210 Main Street West (Vanity LLC / Miranda)
i. Interior
e. Forgivable Loan – 306 Cedar Avenue North
f. Low Doc Loan – 306 Cedar Avenue North
8. Schedule Next Meeting – May 15, 2024
9. Adjournment

[PAGE 4]
EDA
Minutes
March 13, 2024
The Owatonna Economic Development Authority met in regular session at 4:00 PM in the
Charles S. Crandall Center – Meeting Room at City Hall Building with Vice President Voss
presiding. Commissioners present: Dan Boeke, Andrew Cowell, Brenda DeVinny, Pat
McDermott, Corey Mensink, and Doug Voss. Commissioners absent: Kevin Raney. Also present
were Troy Klecker, Brad Meier, Lisa Cochran, Sean Williams, and Kristen Kopp.
Approval of Minutes. Commissioner DeVinny moved approval of the minutes of the February
21, 2024 meeting with second by Commissioner Cowell. All Commissioners voting Aye, the
motion passed.
Treasurer’s Report. Troy Klecker presented the revenue and expense reports for February. He
said that the annual budget is pretty consistent. He’ll note anything out of the ordinary. There is
nothing out of the ordinary this month. Voss asked about the investments. Klecker said that is
handled through our Finance Department and is lumped in with the City’s investments. We have
certain rules. Mensink asked if there is any obvious seasonality that would be worth noting. He
said lodging tax, for example. Klecker said there isn’t a whole lot. There are some contracts and
payouts, but otherwise it’s pretty consistent.
Brad Meier arrived at 4:04 p.m.
Loan Report. Sean Williams presented the loan report for February. He said that the Selective
Looks low doc loan slipped to non current. He spoke with her yesterday, and that was an
oversight due to a family crisis and she will be stopping by with a check to make it current.
OACCT / OPED Report. Director Meier presented the OACCT Report for February. Things
are really picking up on the workforce front. Students are looking for work and opportunities.
They just had a Made in Owatonna Day at the Clinic and Hospital. They have a grant to give ten
students up to $15 an hour for 8 to 10 hours a week over the summer months. They are planning
for Signing Day as well. The Livability articles are published. We are on year three of a three-
year contract. They write the articles and use their platform to push them out. He said it’s been
good awareness. Klecker said they’re working on an affordable senior housing project with
LWO. They are pursuing an application for tax credits, which is a very competitive process. One
of the ways to increase the point total is contributions from businesses and others. Meier helped
facilitate a meeting with bankers in hopes of getting some contributions. He said there was a
good turnout. Meier said OPED met with the Faribault Park and Rec Director about their
community center efforts. They are working on “beefing up” the Engage Owatonna website.
Boeke asked about affordable senior housing and if that would be Section 8. Klecker said no.
What makes it affordable is that rents are below a certain rate and you’d have to meet a certain
income. Klecker said it usually ends up being $200-400 less per month. He said they’ve not done
one for seniors before—they’ve done workforce housing. The hope is that some seniors who live
in a single-family house will move out and open up the house for a family. The biggest problem
in the housing shortage is lack of movement. There is nothing available because no one is

[PAGE 5]
moving. Mensink said it’s pretty hard to force. Voss asked for a summary of the discussion with
the Faribault Park Director. Meier said it’s expensive. They were even shocked at the price tag of
facilities like that. It was helpful to hear about their process. It gave him a more realistic
perspective on how big an undertaking this will be. Klecker said Faribault has gone through the
analysis and public engagement. The tough part is funding. They’re looking at a sales tax option
which would fund some, but not all, of it. Faribault is also working on a park facility downtown.
Klecker said between the two of them, it would be about $100 Million. McDermott asked if State
bonding is a potential funding source. Klecker said yes.
OABDC Report. Sean Williams presented the OABDC Report for February. He said they had
the first bootcamp a couple weeks ago. It was the most successful of the three they’ve hosted.
The next 10 week course starts Monday. Most of the participants are taking advantage of
scholarships that Community Ed or OABDC are offering. SMIF and SBDC are both sponsoring
that as well. They will have the low doc loan application online next week and there will be a
loan application coming in. Consulting hours are way up. Occupancy is a little bit lower, but
they’re up on the office side. They will meet with an entrepreneur next week about
manufacturing space. He said that MO Fitness executed their paperwork quickly. Voss said he
stopped into Matt Olson’s place and said they’ve done a really good job with the simulators.
EDA Projects. Community Development Director Troy Klecker presented the EDA Projects for
February. FoamCraft is constructing their addition.
Old Business:
Downtown Second Floor Commercial Space Contest. MainStreet Director Lisa Cochran said
that she looked at what other cities have done. She had a copy of what they did in 2018 for the
retail challenge and also Red Wing’s contest. We have done it, and those businesses are still
there. She said that Red Wing has three steps to their process and it’s a pretty quick turnaround.
It’s not an easy process for businesses. She said that they could use the MainStreet Retail
Challenge as the basis so they don’t reinvent the wheel. Klecker said that the Retail Challenge
provoked people to look at what they could do. If you throw this out there, it might prompt
people to think about it. Cochran said that they don’t have to find space because they will already
own it. Mensink asked if we’d allow it for apartments. Cochran said in her mind, she doesn’t
have a problem with it as it makes the downtown more vibrant. Klecker said this could be wide
open and we have the right to reject all applications. Voss said it’s a little borderline of what
you’d consider the goal of the EDA. Williams said it also helps with the housing problem.
Mensink said some owners have apartments that need to be renovated but agrees that it’s
borderline. Voss asked about the amount of money. Klecker said it would be $20,000. He said he
and Lisa will work on putting an application together to bring back to the EDA.
Bubba’s. After the last meeting, Klecker said he connected with Oscar to go over the
Development agreement. The taxes have not been paid and there is a clause that they will have to
reimburse the EDA. Oscar remembers talking about the $8,500. He was going to consult with his
attorney as he doesn’t have the money to pay. Klecker said they can still take the property over
and he’d still owe it. Voss said the big issue is that this can’t drag on for six months. We need to
get going. Voss asked if they can pursue other options even if we don’t own the building.

[PAGE 6]
Klecker said informally, but they can’t do anything formal. He said Oscar may be working to
find someone to take over the project. Boeke asked if we have to wait for his approval to take it
back. Klecker said we could pursue it more aggressively with an attorney, but doesn’t want to
incur costs, as Oscar could be responsible for them. Oscar does want to get rid of it and wants to
do it the right way. Mensink said it can be more efficient if he can transfer it. Klecker said his
thought is to give him a little time and he’ll touch base with him in a week or two to see where
he’s at.
New Business:
Forgivable Loan – 210 Main Street West (Vanity LLC / Miranda) Williams said they’re
applying for $10,000 for exterior improvements. They’re good on financials. The building is
right behind the Chamber of Commerce. They will do windows, an awning, and lighting.
Klecker said it’s a very visible spot. Williams said they are a cosmetology salon suite and passed
around drawings of their plans. Cochran said it’s a huge improvement. A motion was made by
Mensink and seconded by Cowell to approve a $10,000 loan for exterior improvements for 210
Main Street West. All Commissioners voting Aye, the motion carried.
Lucky Dice. Klecker said that Lucky Dice had a forgivable loan and only used part of it. We did
the Streetscape project and found their basement wall was collapsing. There was much
discussion about who was responsible since it was our project but their building. There was an
agreement that unused EDA forgivable loans would be put toward the basement wall and they
were going to pay the rest. In his mind, they’ve used their forgivable loans.
Multiple Forgivable Loans for the Same Property. Klecker said that maybe any one property
is only eligible for $10,000 exterior and $10,000 interior. Or if they’ve used $20,000, can they
apply again? Williams said he could see it helping business owners who could only do a smaller
project, taking smaller chunks and maxing out at $20,000. Voss asked if there are more people
on the list. Williams said that Lucky Dice and Ibrahim are the two that have asked. Voss said he
wants to make sure everyone that wants one has gotten a first one. Williams said that there are 11
businesses that haven’t used the $20,000. Klecker said they could say $20,000 max, with
$10,000 interior and $10,000 exterior. Mensink said he likes that. It gets to be a slippery slope.
McDermott said you’re still not going over the caps. Williams said you could specify that it’s a
new project and they would have to reapply. At that point, if the loan funds have been used for
the year, they’ll have to reapply the next year. Mensink said this was meant to be a catalyst and
not an ongoing program. A motion was made by Mensink and seconded by McDermott to cap
the loans at a maximum of $10,000 for interior and $10,000 for exterior for any building, and if
the applicant doesn’t use the entire amount in the first loan and wants to utilize the remainder of
the $10,000, they would have to reapply with a new project. They would be granted a loan only
if that money is available, and it’s a first come, first served basis. All Commissioners voting Aye,
the motion passed.
There was more discussion on Lucky Dice. Klecker said his gut feeling is that we don’t do more.
The money still went into the building and we are consistent with the program. Williams said
that they would need a motion to deny the Lucky Dice loan. Because they have used the $20,000

[PAGE 7]
maximum. A motion was made by Cowell and seconded by DeVinny to deny the Lucky Dice
loan. All Commissioners voting Aye, the motion passed.
Schedule Next Meeting. The next EDA meeting is scheduled for April 17, 2024 at 4:00 PM in
Charles S. Crandall Center – Meeting Room at City Hall. Klecker said that he won’t be available
and suggested meeting on April 10, 2024 instead. A motion was made by Cowell and seconded
by Mensink to move the meeting to April 10. All Commissioners voting Aye, the motion carried.
Adjournment. There being no further business, a motion was made by Commissioner DeVinny
and seconded by Commissioner Boeke to adjourn the meeting at 5:09 pm. All Commissioners
voting Aye, the motion passed.

[PAGE 8]
EDA ADMINISTRATON
Account Description Current Budget Current YTD Budget Remaining
REVENUE
290-31000-690-691-000000 PROPERTY TAXES - 200,000.00 - 50,015.00 - 149,985.00
290-31410-690-691-000000 LODGING TAX - 3% - 250,000.00 - 33,356.82 - 216,643.18
290-34950-690-691-000000 TIF ADMINISTRATIVE F - 71,773.00 - 71,773.00
290-36210-690-691-000000 INTEREST EARNINGS
290-36220-690-691-000000 RENT/RENTALS - 3,600.00 - 900.00 - 2,700.00
290-36231-690-691-000000 GRANT FUNDS
TOTAL REVENUE - 525,373.00 - 84,271.82 - 441,101.18
EXPENDITURES
290-41000-690-691-000000 WAGES - REGULAR FT 86,568.00 23,176.25 63,391.75
290-41300-690-691-000000 WAGES - OT
290-41410-690-691-000000 PERA 6,493.00 1,724.81 4,768.19
290-41420-690-691-000000 FICA 6,622.00 1,718.94 4,903.06
290-41500-690-691-000000 INSURANCE 7,445.00 1,642.57 5,802.43
290-41550-690-691-000000 WORKERS COMP INSURAN 493.00 131.10 361.90
290-42000-690-691-000000 OFFICE SUPPLIES 400.00 400.00
290-42300-690-691-000000 SMALL TOOLS & MINOR 400.00 400.00
290-43010-690-691-000000 OTHER PROFESSIONAL S 35,000.00 35,000.00
290-43121-690-691-000000 PHONE 200.00 200.00
290-43122-690-691-000000 POSTAGE 300.00 300.00
290-43220-690-691-000000 TRAVEL & TRAINING 1,000.00 105.62 894.38
290-43231-690-691-000000 OBD - MARKET SERVICE 80,000.00 80,000.00
290-43232-690-691-000000 OBD - LOAN SERVICES 20,000.00 20,000.00
290-43233-690-691-000000 OBD - SMALL BUSINESS 4,000.00 4,000.00
290-43234-690-691-000000 DOWNTOWN ENHANCEMENT 5,000.00 5,000.00
290-43235-690-691-000000 PARTNERS FOR PROGRES 12,000.00 12,000.00
290-43320-690-691-000000 ADVERTISING & PROMOT 1,000.00 1,000.00
290-43400-690-691-000000 MEMBERSHIPS & SUBSCR 200.00 200.00
290-43720-690-691-000000 REPAIR & MAINT - EQU 200.00 200.00
290-43810-690-691-000000 RENTS/LEASES 6,700.00 6,700.00
290-43972-690-691-000000 SOUTHERN MN INITIATI 1,667.00 1,667.00
290-43990-690-691-000000 MISCELLANEOUS
290-43991-690-691-000000 TOURIST DEVELOPMENT 237,500.00 18,246.37 219,253.63
290-47000-690-691-000000 TRANSFER TO OTHER FU 12,000.00 3,000.00 9,000.00
TOTAL EXPENDITURES 525,188.00 49,745.66 475,442.34
EDA LOANS
Account Description Current Budget Current YTD Budget Remaining
REVENUE
292-34109-690-692-000000 OTHER REVENUE
292-34960-690-692-000000 INTEREST ON LOANS - 224.34 224.34
292-36210-690-692-000000 INTEREST EARNINGS - 16,000.00 - 16,000.00
TOTAL REVENUE - 16,000.00 - 224.34 - 15,775.66

[PAGE 9]
EXPENDITURES
292-48300-690-692-000000 LOAN PROGRAM DISBURS 10,000.00 - 10,000.00
TOTAL EXPENDITURES 10,000.00 - 10,000.00
EDA LAND
Account Description Current Budget Current YTD Budget Remaining
REVENUE
294-34950-690-694-000000 TIF ADMINISTRATIVE F - 1,362.00 - 1,362.00
294-34960-690-694-000000 INTEREST ON LOANS - 43,235.00 - 43,235.00
294-36210-690-694-000000 INTEREST EARNINGS - 12,000.00 - 12,000.00
294-36220-690-694-000000 RENT/RENTALS - 30,000.00 - 17,070.00 - 12,930.00
294-39101-690-694-000000 SALE OF CAPITAL ASSE
TOTAL REVENUE - 86,597.00 -17070 - 69,527.00
EXPENDITURES
294-43004-690-694-000000 LEGAL FEES
294-43010-690-694-000000 OTHER PROFESSIONAL S 20,000.00 20,000.00
294-43320-690-694-000000 ADVERTISING & PROMOT
294-43500-690-694-000000 PROPERTY & LIABILITY 4,100.00 1,025.00 3,075.00
294-43711-690-694-000000 RENTAL PROPERTY EXPE
294-43910-690-694-000000 REAL ESTATE TAXES 20,000.00 20,000.00
294-45100-690-694-000000 LAND
294-45300-690-694-000000 OTHER IMPROVEMENTS
TOTAL EXPENDITURES 44,100.00 1025.00 43,075.00

[PAGE 10]
City of Owatonna
Balance Statement by Fund
31-Mar-24
FUND 292: EDA LOANS
Account Number Account Name Ending Balance
ASSETS
292-10100-000-000 BANK ACCOUNTS $ 24,080.55
292-10400-000-000 INVESTMENTS 800,000.00
FUND 294: EDA LAND
Account Number Account Name Ending Balance
ASSETS
294-10100-000-000 BANK ACCOUNTS $ 295,155.74
294-10400-000-000 INVESTMENTS 500,000.00

[PAGE 11]
CITY OF OWATONNA
EDA - LOAN PROFILE
As of : March 2024
prepared 4/5/2024
EDA - Improvement Notes
Original Current Monthly
Borrower Loan Date Int Rate Years Balance Balance Payment Status Type Notes
Wagner's 10/1/2018 2.500 7 43,480.63 18,991.05 564.78 Current Retail
Total 43,480.63 18,991.05 564.78
Number Original Current % of Current
Profile by Loan Performance Status of Loans Balance Balance Balance
Current 1 43,480.63 18,991.05 100.00%
Non-current 0 - - 0.00%
1 43,480.63 18,991.05 100.00%

[PAGE 12]
EDA - Low Doc Notes
Original Current Monthly
Borrower Loan Date Int Rate Years Balance Balance Payment Status Type Notes
Selective Looks 6/16/2020 2.500 7 25,000.00 9,496.97 259.78 Current
Vesterby 12/13/2021 1.625 7 12,500.00 8,636.01 157.53 Current
Vesterby 12/13/2021 - 3 5,000.00 1,249.97 83.33 Current
42,500.00 19,382.95 500.64
Number Original Current % of Current
Profile by Loan Performance Status of Loans Balance Balance Balance
Current 3 42,500.00 19,382.95 100.00%
Non-current 0 - - 0.00%
3 42,500.00 19,382.95 100.00%
EDA Land Fund
Original Current Annual
Borrower Loan Date Int Rate Years Balance Balance Payment Status Type Notes
Gateway #2 TIF note 12/31/16 3.000 25 472,889.00 4 25,262.87 Current TIF Guarantee
Arrow Ace TIF note 12/1/17 3.000 25 350,000.00 313,732.13 Current TIF Guarantee
Nicolai TIF note 12/31/17 3.000 25 524,845.17 518,820.84 Current TIF Guarantee
Marriott TIF note 3.000 25 268,000.00 268,000.00 Current TIF Guarantee
224 Cedar TIF note 3.000 25 225,000.00 225,000.00 Current TIF Guarantee
Total 1,840,734.17 1,750,815.84 -
Number Original Current % of Current
Profile by Loan Performance Status of Loans Balance Balance Balance
Current 4 1,840,734.17 1,750,815.84 100.00%
Non-current 0 - - 0.00%
4 1,840,734.17 1,750,815.84 100.00%

[PAGE 13]
Owatonna Area
Chamber of Commerce
& Tourism
Memo
To: Economic Development Authority
From: Brad Meier, President/CEO
Date: 4/10/2024
Re: OACCT Economic Development Update
Economic Development
 See report for leads and ‘in progress’ reports.
Workforce
 April 17th is next Made in Owatonna Day-Agriculture Day
 Work experience grant taking applications. We can to offer 10 additional work experiences this
summer covering up to $15/hour for up to 160 hours.
 Planning taking place for the 2024 ‘Signing Day’ end of May
 SteeleCoWorks Coordinator Missy Koch has taking a new role at OHS for a 2nd Career Navigator.
Other
 OPED: City of Owatonna up for City of Year with Real Estate Journal-April 18th-interest in
attending?
 OPED: Senior Affordable Housing Tax credits
 OPED: Land Development Summit in March; Booth & Kruschke on development panel
 OPED: Annual Report
 Growth Breakfast, April 18th features MNSCU Chancellor and Riverland President
 SE MN Realtors group hosting breakfast April 18th – will feature members of OPED Team
 MJSP Board-State level over see’s grants, lay off retraining
1

[PAGE 14]
Project Outcome: Green
Company Date of Inquiry Service Provided (progressing), yellow
Follow ups Conclusion (probable); red (not moving)
Received some promotional
Looking for ideas on a new information and have been
Franchise director for DQ
franchise owner for the DQ sharing it out to business
US looking for a new
in Owatonna. They'd like community. 01/09/24:
person to run DQ
to fill the space just franchisor they had lined up fell
franchise for Owatonna
vacated on Bridge. through, so still looking for one
10/9/2023 for Owatonna.
Some questions about
what is needed by the city Ken Beck & Brad Meier met with Owner still working on details
Wants to run an adult of owatonna to complete business owner to discuss what with architect. 2/15/24:
daycare in his existing this project in current is needed and a realistic conditional use permit
location downtown 12/4/2023 space. timeline. approved at city.
Lead pastor has moved Building on the south end of
church to temporary Owatonna has come on the
location, wants to find an market. Discussed some
Looking for new site for existing building with at informtion about the site with Church is going to purchase
their church 1/25/2024 least 10,000 sq ft him. land to put up a new structure.
Group has purchase 2/22/24: meeting with the key
agreement on building Redevelopment project investors of the project to
looking for feedback on that has high visitor Provided ideas on the building discuss possible uses and
needs/use 1/8/2024 attraction potential. and possible uses/needs. operators.
Discussed redevelopment
sites at I35 & Hoffman as Did not seem like a project this
Discussion with developer well as south end individual was interested in
about future projects. 2/27/2024 wholesale tires buildings taking on at this time.
Early stages of the idea and it
Developer presented an has some overlap with another Set up meeting between the
Development project idea idea for a new building in downtown project being two project developers for
for downtown Owatonna. 2/29/2024 downtown Owatonna. discussed. March.
Met with new owners
purchased existing Plan to invest upwards of Improvements will allow for Not asking for help with it, plan
business in Owatonna 3/1/2024 $500,000 into the building growth of the business. to complete in 2024.
Divorce Attorney open Planning to open small office in Things are on-track and plan to
New attorney 2/19/2024 Owatonna location downtown Owatonna open in April/May
Psychologist opening Planning to open small office in
New Psychologist 2/19/2024 Owatonna location downtown Owatonna On Track

[PAGE 15]
Quarter 1 Report for EDA
Design:
-Ordered flowers for 2024 flower baskets
-Applied for, and received Project Assistance Funds from Rethos for street banners with new logo
($4000) and to revive the Owatonna Owls story/interaction ($1000)
Economic Vitality:
-Met with 3 business/building owners regarding Forgivable Loan – applications are all in process
-Attended 3 monthly meetings with Sean from OABDC
-Held quarterly Economic Vitality Committee Meeting
-Attended 3 EDA Meetings
-Hosted Quarterly Downtown Business/Building Owners meeting
Organization:
-Ran 3 Advisory Board Meetings
-Completed accreditation application
-Recruited 1 new board member and 2 new committee members
Promotion:
-Implemented a new event in Main Street District highlighting restaurants and bars – A Winter Walk w/
Beverages, Bites and Brrringo
-Assisted Tourism with Shop & Dine Challenge
-Supported and assisted with planning a new event in Downtown Owatonna – Cinco de Mayo event on
May 4th
-Led 2 Promotions Committee Meetings
-Attended Capitol Day at MN State Capitol, met with representatives to advocate for additional
funding for Main Street Programs in 26-27
Training:
-Attended 6 Main Street Directors meetings via Zoom
-Attended, Emerging Trends with Main Streets, AARP Community Challenge, Funding Main Street
Management, Backing Small Businesses, all in Zoom form
-Coordinated with Rethos Staff and Tourism to host MN Main Street Conference in Owatonna in April
-Attended 1 Growth Breakfast Series
Communication:
-2 interviews on Straight Talk

[PAGE 16]
-3 full-page articles/ads in Steele County Times focused on Main Street
Downtown News:
-Businesses Closed: Bellebrook Boutique and Elwood Cleaners
-Businesses Opened: Hotworx, The Clubhouse, Daryl Bauer Home Resource Group
-New Owners: Central Park Coffee
-Business Move: Flemke Agency
Community Involvement:
-Attended 3 Owatonna Business Partnership Meetings to share Main Street news, events, and
programs
-Attended 1 Community Advisory Meeting with the Owatonna Foundation
-Attended 1 Planning Commission Meeting
-Attended 2 Business After Hours hosted by OACCT
-Attended the State of the State Address at OHS

[PAGE 17]
Downtown Owatonna first quarter stats 2024
compared to first quarter 2023

[PAGE 18]
EDA March 2024 Report
Top Focus areas for 2024
1. Establish Tourism as a community marketing resource and collaborative partner with local event and
tournament planners, businesses and non profits, service clubs and organizations
2. Increase Leisure Activity/Marketing Focus
3. Execute Owatonna’s Branding Plan within Owatonna and outside the community
4. Create a seamless visitor process (customer journey) from the initial awareness interest in Owatonna
to their experience upon their arrival and stay in Owatonna.
Lodging Tax Revenue (Monthly Totals- 95% of reported $ go to Tourism)
2024 2023 2022 2021 2020 2019
JAN $19,206 $22,926 $13,871 $21,347 $ 16,376 $17,083
FEB $17,468 $12,330 $8,475 $ 11,009 $16,473
MARCH $21,919 $14,205 $10,756 $ 8,123 $14,985
APRIL $20,851 $14,121 $13,735 $ 5,493 $17,043
MAY $25,317 $21,351 $16,739 $ 7,230 $19,600
JUNE $29,759 $24,958 $22,810 $ 10,808 $23,445
JULY $26,075 $21,242 $20,225 $ 12,350 $21,907
AUG $29,703 $28,797 $22,930 $ 12,689 $23,691
SEPT $26,022 $23,793 $19313 $ 13,034 $20,317
OCT $23,678 $24,361 $21,464 $ 15,098 $20,839
NOV $21,155 $21,443 $15,578 $ 11,453 $15,874
DEC $18,059 $22,647 $17,257 $ 8, 688 $16,358
TOTAL $19,206 $282,937 $243,119 $193,373 $ 131,662 $227,616
Occupancy YTD
JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC YTD
Average
2024 39.2 41.1 40.1%
2023 38.6 40.5 46 45 49 62 52.5 58.4 55.4 49.2 44.3 36.2 48.1%
2022 34 35 41 52 52 59 49 51 44 43 39 39.3 44.1%
2021 22 27 31 43 52 63 57 59 54 60 48 40 47%
2020 45.7 46.8 34 28 35.4 51.6 37.2 38.6 42.1 46.6 37.5 26.5 39.2%
2019 42.6 50.9 42.3 50.0 57.1 68.3 63.4 67.0 59.6 58.4 46.9 43.9 54.2%
2018 49.9 49.6 53.80 50.20 55.5 68.10 57.80 69.00 65.4 59.60 41.9 45.7 55.5%
2017 62.4 58.6 61.2 49.4 59.3 70.9 68.0 69.0 65.4 67.7 62.8 50.2 62%
2024
2020 2021 2022 2023 (YTD)
ADR $ 83.73 $ 81.30 $ 94.27 $ 117.98 $112.25
REV Par $ 36.56 $ 27.13 $ 42.01 $ 62.62 $46
1. Key Dates:
a. Owatonna Shop & Dine Challenge- Feb 26-May 5
b. VG Arrived Last Week
c. April 8- Retail/Restaurant Marketing Meeting- 8am Chamber Conference Room
d. Tour Our Town Completes End of April- New version starts May -Oct
e. Corky’s Early Bird May 3-5- Volunteer Sign up after April 1
f. May 20- Marketing 101 offered at OPU in partnership with OBDC 11am-1pm- Quarterly
Meeting
g. NTTW May 19-25; Social/Awards May 22 at Foremost

[PAGE 19]
EDA March 2024 Report
2. Meeting/Group Tours Recap
a. Clean River Partners & MN Health Coalition- March 26
Comments from organizer: The event was a huge success. The total count was somewhere around 250 people. The Owatonna
Eagles staff was excellent. We had to add to the number of people attending from 220 to 275, and we did this on the day before the
event. The staff was able to accommodate us with no problem. The food was delicious and the staff supported us throughout the
entire time of the event.
Everything went extremely well! Thank you again for your assistance in finding a venue to hold our event.
b. MainStreet Minnesota- April 4 & 5
c. GrandRapids Mainstreet (Economic Development Services)-April 29
d. AmeriPrise Financial – April 25 &26
e. United Way of MN Meeting- June 5 & 6
f. Catholic Daugthers- April 2025
g. Model T Ford Group- July 2025
Group Tours City State/Region Date
DCCHSA Field Trip (Dodge County Home School Dodge
Association) County Minnesota 2/1/2024
Loyola High School Social Studies Class Mankato Minnesota 2/28/2024
PossAbilities - Rochester Rochester Minnesota 4/1/2024
New Sociables Eagan MN 5/17/2024
Red Wing Senior Center Red Wing Minnesota 6/1/2024
Landmark Center St Paul Minnesota 6/13/2024
Stewartville Community Education Stewartville Minnesota 7/10/2024
Seniors on the Move - Des Moines, Iowa Des Moines Iowa 8/25/2024
Maple Grove Parks & Recreation Maple Grove Minnesota 9/1/2024
Castle Rockers Travel Club - October 2024 Randolph Minnesota 10/7/2024
3. National Travel & Tourism Week- May 19-25- Foremost event May 22.
4. 24 Hour Welcome Center almost ready to open- Entrance of Ringhofer Conference Center
5. Website RFP’s being reviewed

[PAGE 20]
Visit Owatonna
Analytics Visit Owatonna - GA4 Go to report 
A All Users Add comparison  Custom Jan 1 - Mar 31, 2024

Compare: Jan 1 - Mar 31, 2023
Reports snapshot
WHERE DO YOUR NEW USERS COME FROM? WHAT ARE YOUR TOP CAMPAIGNS?
Users  New users  Average engagement time  Total revenue 
  New users by First user primary channel group (Default Channel Group)   Sessions by  
10K 10K 1m 04s $0.00
Session primary channel group…
172.5% 169.3% 25.5% - SESSION PRIMARY CHAN… SESSIONS
Organic Search
500 Organic Search 6.2K 115.9%
Organic Social
400 Direct 2.2K 291.2%
Direct
Organic Social 2.5K 1,586.0%
300 Display
Referral Referral 1.1K 661.9%
200
Email Display 436 45.2%
100
0 Unassigned Email 219 -
01 01 01
Jan Feb Mar 0 1K 2K 3K 4K 5K Unassigned 27 237.5%
Custom Compared custom range
Custom range Compared custom range
View user acquisition  View traffic acquisition 
HOW ARE ACTIVE USERS TRENDING? HOW WELL DO YOU RETAIN YOUR USERS?
Users by Country   User activity over time   User activity by cohort  
Based on device data only
COUNTRY USERS
5K 30 DAYS
Week 0 Week 1 Week 2 Week 3 Week 4 Week 5
3.3K
United States 9.5K 168.9%
- All Users 100.0% 1.3% 0.7% 0.6% 0.5% 0.3%
4K
Germany 113 264.5%
Feb 25 - Mar 2
7 DAYS
Canada 83 207.4%
3K 846
Mar 3 - Mar 9
United Kingdom 67 318.8% -
2K Mar 10 - Mar 16
India 46 475.0%
1 DAY
112 Mar 17 - Mar 23
Spain 38 137.5%
1K
-
Mar 24 - Mar 30
China 33 106.3%
0
01 01 01 Mar 31 - Apr 6
Jan Feb Mar
View countries  6 weeks ending Apr 6 View retention 
WHICH PAGES AND SCREENS GET THE MOST VIEWS? WHAT ARE YOUR TOP EVENTS? WHAT ARE YOUR TOP CONVERSIONS? WHAT ARE YOUR TOP SELLING PRODUCTS? HOW DOES ACTIVITY ON YOUR PLATFORMS COMPARE?
Views by Page title and screen class   Event count by Event name   Conversions by Event name   Items purchased by   Conversions by Platform  
Item name
PAGE TITLE AND SCREEN CLASS VIEWS EVENT NAME EVENT COUNT EVENT NAME CONVERSIONS ITEM NAME ITEMS PURCHA…
Owatonna Area Chamber of Commer… 2.8K 195.7% page_view 28K 264.2… engaged_visitors_2__… 2.4K - Shop & Dine Owatonn… 128 -
GROUP TOUR PLANNING | Owatonn… 1.6K 109.8% session_start 13K 185.5… engaged_visitors_2__… 1.6K -
Bold & Cold Winter Festival | Owatonn… 1.9K 969.0% user_engagement 12K 135.9… purchase 128 -
CALENDAR OF EVENTS | Owatonna … 1.4K 146.0% rst_visit 10K 169.3…
THINGS TO DO | Owatonna Area Cha… 1.1K 157.1% scroll 7.8K 475.7…
WHERE TO EAT | Owatonna Area Cha… 871 121.1% click 4.9K 166.0…
WEB
EVENTS | Owatonna Area Chamber o… 742 116.3% engaged_visitors_2__… 2.4K -
100.0%
-
View pages and screens  View events  View conversions  View items  View tech details 
© 2024 Google | Analytics home | Terms of Service | Privacy Policy | Send feedback

[PAGE 23]
EDA March 2024 Report
2024 Events Listing
Start Date End Date Organization Festival or Event Name Venue Held
Owatonna Hockey
12/1/2023 12/3/2023 Association Hockey Tournament Four Seasons
Owatonna
Basketball
12/2/2023 12/3/2023 Association OBA Boys Tournament Multiple
Owatonna Hockey
12/8/2023 12/10/2023 Association Hockey Tournament Four Seasons
Owatonna Hockey Four Seasons
12/23/2023 2/25/2024 Assocation Hockey tournament Center
Owatonna Hoops
12/29/2023 12/30/2023 Club HS Boys Basketball- Federated Classic OHS
Owatonna Hockey
1/5/2024 1/7/2024 Association Hockey Tournament Four Seasons
Owatonna
Basketball
1/13/2024 1/14/2024 Association OBA Girl Tournament Multiple
Music Boosters of Owatonna
1/13/2024 1/13/2024 Music Boosters Fundraiser OHS
Lisa Traux Clay, Perpich Center for Arts
owatonna arts Education. Visual Artists works, Abraham Owatonna Arts
1/14/2024 2/25/2024 center Gilberto equestrian-themed photos Center
Owatonna Hockey
1/19/2024 1/21/2024 Association Hockey Tournament Four Seasons
Park and Rec;
Owatonna
Chamber;
Owatonna People's
1/22/2024 1/28/2024 Press Bold and Cold Multiple
Rice Lake State Rice Lake State
1/27/2024 1/27/2024 Park Candlelight Event Park
Legacy Of The Loud is a rock band based
out of the Twin Cities who brings together
accomplished musicians to create a one of
a kind medley format by covering history's reggies
2/3/2024 2/3/2024 reggies brewhouse top selling artists. brewhouse
Americana-Country-Folk music of Gospel
and Gravel- The duo’s setlist includes
covers by Brandi Carlile, Emmylou Harris,
John Prine, Dolly Parton, Mumford &
Sons, and The Head and The Heart as well
as favorite originals that have been Foremost
Foremost Brewing stirring followers since singing their first Brewing
2/3/2024 2/3/2024 Cooperative notes together in 2019. Cooperative
mineral springs mineral springs
2/3/2024 2/3/2024 brewery Kate & Ray brewery
2/3/2024 2/3/2024 Owatonna Hockey Hockey Day Owatonna four seasons

[PAGE 24]
EDA March 2024 Report
Association center
Be Still Wellness
Center & Injection
2/9/2024 2/9/2024 Bar Galentine's Wellness Party Fresh Cafe
2/10/2024 2/10/2024 SCHC Adult Victorian Tea SCHC
Four Seasons Section 1AA and 1A H.S. Girls Four Seasons
2/15/2024 2/15/2024 Center Championships Center
Little Theatre of Little Theatre
2/16/2024 2/25/2024 Owatonna LTO Steel Magnolias of Owatonna
Bob Fest- February 24 - ALL DAY
• Music currently schedule: ADAM MOE at
7:00pm
• Bob's Badass Bock beer release Foremost
Foremost Brewing • Beer Poking all day Brewing
2/24/2024 2/24/2024 Cooperative • Outdoor winter patio Cooperative
Various
Owatonna Shop & Owatonna
2/26/2024 5/5/2024 Dine Challenge Various Owatonna Locations Locations
Owatonna High
School "Newsies"
2/29/2024 3/2/2024 Musical Owatonna High School "Newsies" Musical
Community Little Theatre
3/1/2024 3/3/2024 Pathways Hometown Sampler of Owatonna
Owatonna Hockey Four Seasons
3/2/2024 3/2/2024 Association Hockey Tournament Center
owatonna arts Owatonna Public Schools Student Art Owatonna Arts
3/3/2024 3/31/2024 center Show Center
Big Brothers Big
3/9/2024 3/9/2024 Sisters Evening for Kids Sake Torey's
Four Seasons Four Seasons
3/9/2024 3/9/2024 Center Figure Skating Show Center
North Star &
3/14/2024 3/16/2024 KOWZ/KRUE North Star Farm & Power Show Four Seasons
Owatonna Eagles owatonna
3/16/2024 3/16/2024 Club Bridal Expo eagles club
Blues & Brews- St. Paddy's Day Party-
BLUES AND BREWS - ST. PADDY'S DAY
PARTY
Saturday, March 16th Foremost
Foremost Brewing Music by the Mark Cameron Band at Brewing
3/16/2024 3/16/2024 Cooperative 7:00pm Cooperative
CAT CALLS - a Owatonna Arts
3/21/2024 3/24/2024 feminist Cabaret Owatonna Arts Center Center
3/22/2024 3/24/2024 KOWZ/KRUE KOWZ/KRUE Home Show Four Seasons
Habitat for
4/6/2024 4/6/2024 Humanity Hops for Habitat Four Seasons
Ann Junkin found still lives at a swap
Owatonna Arts meet; Mary Opatz Herges landscape Owatonna Arts
4/7/2024 4/28/2024 Center paintings Center
4/9/2024 4/9/2024 KOWZ Job Fair Four Seasons

[PAGE 25]
EDA March 2024 Report
Center
Little Theatre of Little Theatre
4/19/2024 4/28/2024 Owatonna LTO -The Man Who Came to Dinner of Owatonna
SpareTime
4/19/2024 4/19/2024 BBBS Bowl For Kids Sake Entertainment
4/20/2024 4/20/2024 Young Life Young Life Cake Auction Trinity?
4/20/2024 4/20/2024 St Mary's St. Mary's Auction St. Mary's
4/21/2024 4/21/2024 Styles of Steele Blooms & Bubbles Fashion Show Toreys
4/26/2024 4/26/2024 SCHC SCHC 75th Anniversary SCHC
Four Seasons
4/27/2024 4/27/2024 OHS prom Center
4/27/2024 4/27/2024 Soubas Souba Greenhouse Spring Celebration Soubas
Owatonna Arts Owatonna Arts
4/28/2024 4/28/2024 Center OMS Orchestra & Jazz Band Center
Owatonna Ball
5/3/2024 5/5/2024 Loren Dietz Corky's Early Bird Tournament Diamonds
5/4/2024 5/4/2024 Julee Elstad Rustic Mamas Four Seasons
5/4/2024 5/4/2024 Beth Svenby From the Heart 5K Lake Kohlmier
5/4/2024 10/26/2024 OBP Farmers Market Central Park
Alliance for
Greater
Equity/Lupe- El Rey
5/4/2024 5/4/2024 del Taco Cinco de Mayo Central Park
The 71 Annual Steele County Art
owatonna arts Exhibition & David Salemo paintings Owatonna Arts
5/5/24 5/26/2024 center “Together a portrait of America. Center
SCFF
5/11/2024 5/11/2024 Jose Hererra Los Inquietos del Norte Grandstand
SCFF Radel
5/11/2024 5/12/2024 Rabbit Show Building
Four Seasons
5/14/2024 5/14/2024 KOWZ Taste Fest Center
SCFF Radel
5/17/2024 5/19/2024 MCHA National/Minnesota Cutting Horse Event Building
Four Seasons
5/18/2024 5/18/2024 Just for Kix Dance recital Center
National Travel & Varios
5/19/2024 5/25/2024 Tourism Week Visit Owatonna & Tourism Partners Locations
5/20/2024 8/5/2024 Owatonna Aces Owatonna Aces Baseball Season Dartts Park
Foremost
Brewing
5/22/2024 5/22/2024 Owatonna Tourism National Travel & Tourism Week Social Cooperative
Four Seasons
5/27/2024 5/27/2024 VFW/Legion Memorial Day Service & parade Center
SCFF Beer
5/31/2024 6/1/2024 John Hammer Smokin In Steele Garden
6/6/2024 8/15/2024 Jerry Besser 11@7 Concert Series Central Park
6/6/2024 6/6/2024 Main Street Downtown Thursdays (1st Thursday of Cedar and

[PAGE 26]
EDA March 2024 Report
Month) Central Park
Classic Car Cruise In (Eagles)- Every Owatonna
6/6/2024 8/29/2024 Owatonna Eagles Thursday Eagles
Huskies Bullpen Huskies Bullpen Tournament 14AA &
6/8/2024 6/9/2024 Club 14AAA Ball Diamonds
American Dairy
6/8/2024 6/8/2024 Assocation Breakfast on the Farm TBD
SCFF Radel
6/14/2024 6/16/2024 MCHA Minnesota Cutting Horse Event Building
Little Theatre of Owatonna
6/14/2024 6/23/2024 Owatonna LTO- Dear Edwina Jr. Middle School
Huskies Bullpen Huskies Bullpen Tournament 9AA, 9AAA,
6/14/2024 6/16/2024 Club 12A, 12AA, 12AAA, 13AA, 13AAA Ball Diamonds
Marching Band
6/15/2024 6/15/2024 Committee Harry Wenger Marching Band Festival
Degner
Degner Regional Regional
6/18/2024 6/21/2024 Airport Airport
Huskies Bullpen Tournament 10A, 10AA,
47th Annual Air Race Classic
Huskies Bullpen 10AAA, 11A, 11AA, 11AAA, 13A, 13AAA,
6/21/2024 6/23/2024 Club 14/15A, 15AA, 15AAA Ball Diamonds
Alliance for
6/22/2024 6/22/2024 Greater Equity Juneteenth Manthey
Owatonna Young Mineral Springs
6/22/2024 6/22/2024 Professionals .5K Brewery
6/23/2024 6/23/2024 SCHC Jazz Jam on the Patio SCHC
SIZZLIN' SUMMER KICK OFF- SIZZLIN'
SUMMER KICK OFF
Saturday, June 29th
• Melissa Schulz - Kids music sing along Foremost
Foremost Brewing from 1pm-3pm Brewing
6/29/2024 6/29/2024 Cooperative • Fun family activities Cooperative
7/4/2024 7/4/2024 Rotary 4th of July Fireworks SCFF
SCFF Radel
7/5/2024 7/7/2024 MCHA Cutting Horse Event Building
Downtown Thursdays (June 6; July 11; Aug Cedar and
7/11/2024 7/11/2024 Main Street 1l Sep 5) Central Park
Community SCFF Beer
7/12/2024 7/12/2024 Pathways Pathways Palooza Garden
7/13/2024 7/13/2024 SCHC Chuckwagon Supper SCHC
7/13/2024 7/13/2024 Rainbowatonna Pride in the Park
7/14/2024 7/14/2024 SCHC Extravaganza SCHC
Cedar and
7/18/2024 7/20/2024 OBP Gem Days Central Park
Owatonna Park & Various
7/19/2024 7/21/2024 Rec Summer Weekend Out Locations
Downtown Thursdays (June 6; July 11; Aug Cedar and
8/1/2024 8/1/2024 Main Street 1l Sep 5) Central Park
8/13/2024 8/18/2024 SCFF Steele County Free Fair SCFF

[PAGE 27]
EDA March 2024 Report
8/24/2024 8/24/2024 Riverbend Music Festival
Four Seasons
9/3/2024 9/3/2024 Steele Fit Health Fair Center
Owatonna's
Outdoor Bandwango
9/5/2024 11/15/2024 Adventures Bandwango Challenge Challenge
SCFF Beer
9/7/2024 9/7/2024 Chubb's BBQ Garden
Four Seasons
9/10/2024 9/10/2024 Kowz Taste Fest Center
State School State School
9/14/2024 9/14/2024 Orphanage State School Orphanage Fall Festival Orphanage
9/14/2024 9/14/2024 Julee Elstad Rustic Mamas Four Seasons
Mineral Springs
9/20/2024 9/21/2024 Brewery OktoberFest- MSB Mineral Springs
9/21/2024 9/21/2024 Relay for Life Relay for Life SCFF Grounds
MN State Rabbit SCFF Radel
9/28/2024 9/28/2024 Show MN State Rabbit Show Building
Foremost
Foremost Brewing Brewing
10/5/2024 10/5/2024 Cooperative Oktoberfest Cooperative
Foremost
Foremost Brewing Brewing
10/26/2024 10/26/0274 Cooperative Halloween Costume Party Cooperative
10/26/2024 10/26/2024 SCHC A Haunting We Will Go SCHC
Downtown Trick or
10/26/2024 10/26/2024 Treat Event
11/1/2024 11/9/2024 Multiple Craft Sales & Bazaars (2 weekends in nov) Multiple
11/8/2024 11/9/2024 Multiple Craft Sales & Bazaars (2 weekends in nov) Multiple
11/9/2024 11/9/2024 Tri M Graphics Tri M Open House Tri M Graphics
11/16/2024 11/16/2024 SCHC Children's Victorian Tea SCHC
11/28/2024 11/28/2024 SCHC Holiday Light Cruise Begins City-wide
12/4/2024 12/5/2024 SCHC Holiday Cookie Sale SCHC
Cedar and
12/6/2024 12/6/2024 Main Street Lighted Parade Central Park
12/6/2024 12/18/2024 Multiple Hometown Holidays Multiple
12/6/2024 12/7/2024 SCHC Christmas in the Village SCHC
Foremost
Foremost Brewing Cheers & Beers-Anniversary Part & Ugly Brewing
12/14/2024 12/14/2024 Cooperative Christmas Sweater Party Cooperative
Owatonna Model T
7/19/2025 7/25/2024 Club Model T Ford Club

[PAGE 28]
EDA Report for March 2024
Updates:
- Owatonna Community Education partnership, using Co.Starters curriculum:
o Small Business Academy – Monday evenings, March 18th – May 20th
o 7 entrepreneurs
o Sponsored by SMIF and SBDC
Upcoming:
- RFP for Software Studio
- Monthly entrepreneurial event
- Design sprint workshops
- Non-traditional lending workshop for local lenders
- Marketing Workshop May 20th in partnership with Chamber, Tourism, and SBDC
- Spanish-language Small Business Academy cohort
OABDC - March 2024
Consulting
Hours
Clients Sessions Hours New Operating 2024 YTD 2023 YTD
16 22 20.50 5 9 55.75 28.50
Occupancy
Manufacturing Offices
Total Leasable Space 34,325 Total Leasable Offices 11
Total Leased Space 19,375 Total Number of Leased Offices 10
Present Occupancy 56% Present Occupancy % 91%
Budget Occupancy 70% Budget Occupancy % 70%
YTD Performance to Budget $(2,097) YTD Performance to Budget $ 1,905
YTD Performance to Budget 89% YTD Performance to Budget 130%
Number of Tenants 7 Number of Tenants 10
Future Makerspace 1,600

[PAGE 29]
EDA Forgivable Loan Program – March 2024
Updates:
- 605 N. Cedar – MO Fitness/Olson
o Update: Receipts submitted for reimbursement
- 210 W. Main St. – Vanity LLC/Miranda
o $10,000
§ Exterior – Doors, awning, and lighting
§ Update: Loan documents being drafted
New Business:
- Online Low Doc Application
- Forgivable Loan Program:
o 210 W. Main St. – Vanity LLC/Miranda
§ Interior?
o 306 N. Cedar
- Low Doc Loan Program:
o 306 N. Cedar

[PAGE 30]
April 10, 2024
EDA Meeting
EDA Projects Report
 The developer has sold the site for the second building on the old Hardees/Budget Mart
site to Redline Development Group, LLC. TIF was approved for this project. There is
enough TIF being generated from the first building to pay the City back for costs
associated with realigning Barney Street. Any additional TIF generated from a second
building would assist the developer for costs associated with the development.
 The land swap between the City and Cemstone is completed. The City now owns the
current Cemstone site and Cemstone owns 14 acres of vacant land in the industrial park.
Cemstone will have 5 years to build a new facility on the new site. The City will then
redevelop the current site once Cemstone moves out. Tax Increment Financing is being
used to assist with the project. Cemstone has completed the plant on their new site. They
will be building an office and storage space next year.
 The property at 224 North Cedar Avenue has been conveyed to Oscar and Tammy
Mazariego to renovate the building into a wine lounge. Tax Increment Financing has
been approved for the project. A development agreement was approved and signed for
the project. Costs has gone up on the project from the time the development agreement
was signed and the owner is not moving forward with the project. Staff is working with
the owner to be the property transferred back to the City.
 The City has purchased the property at 117 West Bridge Street formerly owned by Centro
Campesino. Construction of a new roof on the building is complete as well as other
improvements. The EDA paid for the roof and other improvements with the intent of
redeveloping the property and utilizing tax increment financing to recoup those costs
from the project. A redevelopment project is being sought for that property.
 The City owns the property at 148 West Main Street that was damaged from a collapsed
roof. A redevelopment project is being sought for that property.
 Tax Increment Financing has been approved for the redevelopment of 202 West Bridge
Street. The project will renovate the entire building into retail and office space.
Construction is complete on the first floor and Graif has moved into that space.
Additional tenant space is being built our in the upper level of the building.
 Plans have been announced for the riverfront redevelopment project north of West Vine
Street and west of North Oak Avenue. Redline Development Group will be demolishing
5 buildings, including the Chamber of Commerce building and constructing a bank
building and a second building which will contain Mineral Springs Brewery, 20,000
square feet of commercial space and 70 luxury apartments. The EDA owns one of the
buildings at 216 North Oak Avenue. Tax Increment Financing has been approved for this
project. A development agreement has been approved. The property is being platted and
easements and streets are being vacated as part of the project. Demolition of the buildings
is complete and construction has begun.

[PAGE 31]
 Scooter’s Coffee is proposing to build a drive-through coffee shop on city owned land at
the corner of South Cedar Avenue and 18th Street SW. The City Council has approved a
conditional use permit for the project and purchase agreement for the property. The
property has been sold. Scooters is trying to purchase the tower property and incorporate
it into the site before beginning the project. Building plans have been submitted and
construction is planned for this summer.
 The City has purchased the property at 126 East Fremont Street. Plans will begin to
demolish the house and garage on the site. A redevelopment project is being sought for
this property and the 4 other lots the City owns. The house was burned on October 22 and
the rest of the site has been cleaned up. Staff is working on a plan to develop the
property.
 Foamcraft is proposing to construct a 15,000 square foot addition to their existing facility
in the industrial park. Tax Increment Financing has been approved for the project.
Construction has begun on the site.
 The City Council approved the purchase of 139 East Pearl Street. Closing on the property
occurred on October 18th. The City will be demolishing the house this spring.