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03-12-2007 EDA MINMEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, MARCH 12, 2007 Members Present: President Gongoll, Commissioners, Dwyer, Gumphrey, Motin and Tveite Members Absent: Commissioners Farber and Klinzing Staff Present: Director of Economic Development Catherine Mehelich, Assistant Director of Economic Development Heidi Steinmetz, Community Development Director Scott Clazk, Planning Manager Jeremy Barnhart, and Ciry Clerk Tina Allard Call MeetingTo Order Putsuant to due call and notice thereof, the meeting of the Economic Development Authority was called to order at 5:30 p.m. by President Gongoll. 2. Consider Agenda The following items were added to Other Business. Micro Loan Request-Mikols River Studio, Inc. GRE Update MOVED BY COMMISSIONER DWYER AND SECONDED BY COMMISSIONER ZERWAS TO APPROVE THE MARCH 12, 2007 EDA AGENDA AS AMENDED. MOTION CARRIED 5-0. 3. Consent Agenda MOVED BY COMMISSIONER TVEITE AND SECONDED BY COMMISSIONER DWYER TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. FEBRUARY 12, 2007 MINUTES 3.2. CHECK REGISTER 3.3. BALANCE SHEET 3.4. REVENUE/EXPENDITURE REPORT MOTION CARRIED 5-0. 4. n Mik Jerry Gumphrey, 20045 Zane Court-Thanked the EDA for the opportunity to serve on their board. He stated he would like the EDA to consider developing industrial business clusters, which is a group of businesses that come together and support similaz businesses. Economic Development Authority Minutes Mazch 12, 2007 Page 2 Ms. Steinmetz stated the city is working with other cities in the county on a project. She stated the EDA has contributed $500 for the Enterprise Network Regional Analysis (ENSA) project which is developing a similar cluster program. $. Consider Recommendation to City Council on Resolution Authorizes Pa_rdcipation in the h rb ~m ounttrEconomic Development Authority Ms. Mehelich introduced Sherbume County Administrator Brian Benson. Mr. Benson provided information regazding the county's efforts to establish a Sherbume County EDA and is requesting the City of Elk River EDA participation along with other cities in the county. Commissioner Dwyer stated he served on the taskforce that was formed to evaluate the establishment of the Sherbume County EDA and he felt it would be a complement to the city EDA. Commissioner Motion questioned if there were to a conflict with the city EDA and county EDA, would the city have an option to opt out of participating. Ms. Mehelich stated the city would be unable to withdraw for at least five years. MOVED BY COMMISSIONER DWYER AND SECONDED BY COMMISSIONER MOTIN TO RECOMMEND THE CITY COUNCIL ADOPT A RESOLUTION AUTHORIZING TH E CITY OF ELK RIVER TO PARTICIPATE IN THE SHERBURNE COUNTY ECONOMIC DEVELOPMENT' AUTHORITY. MOTION CARRIED 5-0. 6. I iodate ~~ t'arewaw Bu in .enter Project Mc Bamhart provided an update on the main findings of the Maxfield Research Study for the Gateway Business Park development. Mr. Bamhart stated the Study indicated that the Pack was best suited for industrial and limited commercial develapment and not retail. Commissioner Motin stated he would like to see the enure Study report as some comments don't make sense according to what he has heard from developers. He stated that dependent upon the Study he may disagree with the consultant's opinions. He stated the city should contact restaurant businesses and promote directly to them and not to developers. Commissioner Motin questioned who the consultants contacted for the study. Commissioner Dwyer questioned if the easiest way to mazket the Park is in the best interest of the city. He stated there should be "mix uses" in the Park. Commissioner Tveite stated it may be worthwhile for the city to wait to develop the Pazk but the EDA should wait until they see the Study report. Chair Gongoll stated he was also surprised by the results of the Study. He stated he would like to see a different name for the Park as Gateway Business Park is being used for another pack along Highway 101. Ms. Mehelich noted there would be an April 9 worksession discussion for this item. She stated the Study seems to be in conflict with what the city desires for the Pazk. Economic Development Authonry Minutes March 12, 2007 Page 3 Mx. Clark suggested that the EDA send staff emails with photos or locations of the samples of the "mixed use" they would like to see Eor the Pack. ~Jndate on Downtown Redevelopment Plan Taskforce Commissioner Tveite provided the following update on the Downtown Redevelopment Plan Taskforce. Some items covered were: • Alternatives to TH 10 • Visibility to keep TH 10 at grade • Possible closure of Main Street with Jackson Avenue being a gateway entrance • Market of two distinct areas (north/south of TH 10 and the railroad) Commissioner Dwyer questioned if Mn/DOT was part of any Taskforce discussion. Mr. Clark noted that City Engineer Terry Maurer has had discussions with representatives of Mn/DOT. 8. Other Business A. Sider Micro Loan Request' Mikols River Studio Inc Ms. Steinmetz stated Mikols River Studio has submitted application today for $25,000 from the Downtown Business Revitalization Loan Program. She stated Mr. Mikols would like to utilize the funds for upgrading his showroom and purchasing equipment. She stated that EDA Commissioner Motin proposed the application be considered by the EDA in order to respond to Mr. Mikol's timing request rather than delaying another month with a Finance Committee recommendation. Tony Mikols, applicant-Stated he has been impressed with the activity downtown and would like to spmce up his shop. MOVED BY COMMISSIONER MOTIN AND SECONDED BY COMMISSIONER TVEITE TO APPROVE A $25,000 LOAN TO MIKOLS RIVER STUDIO, INC. AT A FIXED INTEREST RATE OF THREE PERCENT TO BE PAID BACK WITHIN TWO YEARS AND SECURED BY A PERSONAL GUARANTEE. MOTION CARRIED 5-0. B. CARE Update Ms. Mehelich noted the GRE is pursuing legislative appropriation fora $250,000 grant to the City of Elk River EDA to be provided to GRE for the feasibility study of an RDF to methanol plant. 9, AA~jjoumment The me g f the Elk River Economic Development Authority adjourned at 6:35 p.m. Tina Allard City Clerk