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5. Staff update-Federated Co-op Staff Report Date of Meeting: February 13, 2017 To: Economic Development Authority From: Neil Soltis, Administrator Re: Federated Co-op Background: Federated Co-op has purchased Todds and is in the process of converting it to a SuperAmerica. A building permit application has been submitted and approved for the interior renovations and the addition of a door. This work is underway. They have also reinstalled a window on the eastern half of the building which was previously closed off. An administrative permit has been issued to modify the signage. Pictures of the proposed signage and façade and the existing follow this report. In discussions with the Federated representatives, the western ½ of the building will operate as a SuperAmerica and the eastern ½ as a Federated Country store. They have worked with Todd to determine the most frequently purchased hardware items and will begin with stocking those and will adapt based on the customer response. Their intention is to make a connection through the store to fenced area to the east of the building. Federated has been a part of Scandia for many years and will seek to make store reflect Scandia and will help to market the community.