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03-11-2025 EDC Agenda PacketA.5:30 P.M. - CALL TO ORDER B.APPROVAL OF AGENDA Commissioners may add or delete items at this time. C.APPROVAL OF MINUTES C.1 Approve Economic Development Commission Minutes of February 11, 2025. D.VISITOR PRESENTATIONS D.1 Vinita Patil - Commercial Real Estate & Hospitality Investment Specialist E.DISCUSSION / GENERAL BUSINESS ITEMS F.DIRECTOR'S REPORT G.ADJOURNMENT AGENDA CHANHASSEN ECONOMIC DEVELOPMENT COMMISSION TUESDAY, MARCH 11, 2025 CITY COUNCIL CHAMBERS, 7700 MARKET BOULEVARD 1 Economic Development Commission Item March 11, 2025 Subject Approve Economic Development Commission Minutes of February 11, 2025. Section APPROVAL OF MINUTES Item No: C.1 Prepared By Kate Vogt, Admin Support Specialist File No: SUMMARY BACKGROUND DISCUSSION RECOMMENDATION Staff recommends that the Economic Development Commission approve the February 11, 2025 Commission minutes. ATTACHMENTS Economic Development Commission Minutes February 11, 2025 2 CHANHASSEN ECONOMIC DEVELOPMENT COMMISSION REGULAR MEETING FEBRUARY 11, 2025 Chair Anderson called the meeting to order at 5:36 p.m. MEMBERS PRESENT: Chair Eric Anderson, Vice Chair Chris Freeman, Luke Bame, Stacy Goff, David Benedict, Cohen Lee MEMBERS ABSENT: STAFF PRESENT: Samantha DiMaggio, Economic Development Manager PUBLIC PRESENT: APPROVAL OF AGENDA: APPROVE ECONOMIC DEVELOPMENT COMMISSION AGENDA DATED FEBRUARY 11, 2025 Commissioner Freeman moved, and Commissioner Goff seconded to approve the Agenda of the Economic Development Commission meeting dated February 11, 2025, as presented. All voted in favor and the motion was carried unanimously with a vote of 6 to 0. APPROVAL OF MINUTES: APPROVE ECONOMIC DEVELOPMENT COMMISSION MINUTES DATED JANUARY 14, 2025 Commissioner Benedict moved, and Commissioner Bame seconded to approve the Minutes of the Economic Development Commission meeting dated January 14, 2025, as presented. All voted in favor and the motion was carried unanimously with a vote of 6 to 0. VISITOR PRESENTATIONS: PATRICK GAVIN – COMMUNICATIONS MANAGER DISCUSSION/GENERAL BUSINESS ITEMS: ADJOURNMENT: Commissioner Lee moved, and Commissioner Goff seconded to adjourn the meeting. All voted in favor and the motion was carried unanimously with a vote of 6 to 0. The Economic Development Commission meeting was adjourned at 6:58 p.m. Submitted by Samantha DiMaggio Economic Development Manager 3 Economic Development Commission Item March 11, 2025 Subject Vinita Patil - Commercial Real Estate & Hospitality Investment Specialist Section VISITOR PRESENTATIONS Item No: D.1 Prepared By Sam DiMaggio, Economic Development Manager File No: SUMMARY Vinita Patil, Commercial Real Estate & Hospitality Investment Specialist, will share insights with the Economic Development Commission on attracting, financing, and developing hospitality properties. BACKGROUND Vinita Patil - Commercial Real Estate & Hospitality Investment Specialist Vinita Patil is an experienced professional in commercial real estate, hospitality acquisitions, and investment networking. She is currently involved in multiple hotel development projects focused on enhancing the city’s hospitality sector. Her expertise includes market analysis, deal structuring, and strategic partnerships, providing a strong foundation for successful project execution. Through an extensive network of investors, developers, and industry professionals, Vinita is engaged in securing prime locations, structuring high-value transactions, and assembling experienced teams to advance these developments. Her ability to navigate complex financial frameworks and identify viable investment opportunities contributes to the long-term success of these projects. With a commitment to excellence and sustainable growth, Vinita aims to contribute to the development of high-quality hospitality assets that support economic expansion and elevate the city’s profile as a key destination. DISCUSSION RECOMMENDATION As this is a visitor presentation, no formal action is required. ATTACHMENTS 4