04-12-2010 EDA MINMEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, APRIL 12, 2010
Members Presenr. President Dwyer, Commissioners Klinzing, Motin, Touchette, Tveite,
Westgaard, and Zerwas
Members Absent: None
Staff Present: Director of Economic Development Catherine Mehelich, Economic
Development Assistant Annie Decker, Finance Director Tim Simon, and
Executive Secretary/Deputy City Clerk Jessica Miller
Call Meeting To Order
Pursuant to due call and notice thereof, the meeting of the Economic Development
Authority was called to order at 5:30 p.m by President Dwyer.
2. Consider Agenda
MOVED BY COMMISSIONER TVEITE AND SECONDED BY
COMMISSIONER KLINZING TO APPROVE THE APRIL 12, 2010 EDA
AGENDA. MOTION CARRIED 7-0.
3. Consider Consent Agenda
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER ZERWAS TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. FEBRUARY 8, 2010 REGULAR MINUTES
3.2. FEBRUARY 8, 2010 JOINT MEETING MINUTES
3.3. MARCH 1, 2010 JOINT MEETING MINUTES
3.4. MARCH 22, 2010 JOINT MEETING MINUTES
3.5. CHECK REGISTERS
3.6. BALANCE SHEET
3.7. REVENUE/EXPENDITURE REPORT
MOTION CARRIED 7-0.
4. Open Mike
No one appeared for open mike.
5. Election of Officers
MOVED BY COMMISSIONER ZERWAS AND SECONDED BY
COMMISSIONER KLINZING TO ELECT RON TOUCHETTE AS
PRESIDENT OF THE EDA FOR 2010. MOTION CARRIED 7-0.
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Apri112,2010
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MOVED BY COMMISSIONER KLINZING AND SECONDED BY
COMMISSIONER MOTIN TO ELECT DAN TVEITE AS VICE PRESIDENT
OF THE EDA FOR 2010. MOTION CARRIED 7-0.
MOVED BY COMMISSIONER WESTGAARD AND SECONDED BY
COMMISSIONER ZERWAS TO ELECT PAUL MOTIN AS SECRETARY OF
THE EDA FOR 2010. MOTION CARRIED 7-0.
MOVED BY COMMISSIONER KLINZING AND SECONDED BY PRESIDENT
TOUCHETTE TO ELECT PAT DWYER AS TREASURER OF THE EDA FOR
2010. MOTION CARRIED 7-0.
MOVED BY COMMISSIONER ZERWAS AND SECONDED BY
COMMISSIONER TVEITE TO ELECT MATT WESTGAARD AS ASSISTANT
TREASURER OF THE EDA FOR 2010. MOTION CARRIED 7-0.
At this time, Ron Touchette took over as EDA President.
6. Resolution Providing for the Defeasance Pre~avment and Redemption of the 2002A and
2002B Lease Revenue Bonds
Mr. Simon presented the staff repon.
MOVED BY COMMISSIONER TVEITE AND SECONDED BY
COMMISSIONER ZERWAS TO ADOPT RESOLUTION 10-02 PROVIDING
FOR THE DEFEASANCE, PREPAYMENT, AND REDEMPTION OF THE
2002A AND 2002B LEASE REVENUE BONDS. MOTION CARRIED 7-0.
Micro Loan Extension Request -Badger Ventures, LLC (Gradient Technology),
Ms. Mehelich presented the staff repon.
MOVED BY COMMISSIONER DWYER AND SECONDED BY
COMMISSIONER TVEITE TO APPROVE ATWO-YEAR EXTENSION ON
THE BADGER VENTURES, LLC MICRO LOAN AT 6.25% FIXED MARKET
RATE INTEREST AND TO WAIVE THE $500 MICRO LOAN EXTENSION
PROCESSING FEE. MOTION CARRIED 7-0.
8. Economic Development Program Updates
8.1. Business Retention and Expansion Program
Ms. Deckers presented the update as outlined in her staff repoxt.
8.2. Economic Development Marketing
Ms. Decker presented the staff report.
Presentation from Elk River Independence Day2010 Comrnittee
Jim Boyle, representing the Elk River Independence Day Cotrunittee, explained the
Comrnittee's plans for the Fourth of July event in Elk River. He indicazed that the event will
be held at Lion's Park and fireworks will be shot off from the High School football field. He
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April 12, 2010
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noted that the Committee wants the event to be uniquely different from the event held in
previous years.
Mr. Boyle asked if the EDA would consider donating the $6,000 included in their budget
that had been donated to the Chamber of Commerce in the past for fireworks. He indicated
that the committee will conduct fundraising but this moneywould give the campaign a head
star.
Commssioner Zeraas questioned who is managing the donations received. Mr. Bo}ale
indicated that the Amencan Legion has agreed to be the committee's fiscal manager handling
all funds for this event.
President Touchette questioned the benefit of this event for businesses. He expressed
concern over this event not stimulating economic development.
Mr. Boyle explained this is a community event that will celebrate Elk River.
Steve Rohlf, Committee member, indicated this is funding the EDA has in its budget. He
explained the benefit to the businesses is a sense of community creating a better place to live
and a better place to do business. He stated that the benefit the EDA saw in the Chamber
event is still present.
Commissioner Klinzing thanked the committee for putting an event together and carrying
on the tradition of fireworks on the Fourth of July. She indicated the event will benefit
businesses.
Commissioner Dwyer commented that the EDA has provided funding for the Foutth of
July fireworks for as long as he has been on the EDA.
Ms. Mehelich noted that state starute allows the EDA to provide funding for community
events.
MOVED BY COMMISSIONER ZERWAS AND SECONDED BY
COMMISSIONER KLINZING TO APPROVE $6,000 FUNDING FROM THE
ECONOMIC DEVELOPMENT AUTHORITY BUDGET TO THE AMERICAN
LEGION SERVING AS THE FISCAL MANAGER FOR THE ELK RIVER
INDEPENDENCE DAY 2010 COMMITTEE FOR FIREWORKS. MOTION
CARRIED 7-0.
10. Other Business
Ms. Mehelich distributed and reviewed an Executive Director's Report.
11. Ad ournment
There being no other business, President Dwyer adjourned the meeting of the Elk River
Economic Development Authority at 6:13 p.m
Minutes prepared byJessica Miller.
Economic Development Authority Minutes
April 1 010
Tina Allar City Clerk 1
J
Patrick Daryer, President
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