12-10-2007 EDA MINMEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, DECEMBER 10, 2007
Members Present: President Gongoll, Commissioners Dwyer, Farber, Klinzing, Morin, Tveite,
and Zerwas
Members Absent: None
Staff Present: Director of Economic Development Catherine Mehelich, Ciry
Administrator Lori Johnson, Finance Director Tim Simon, and Recording
Secretary Jessica NGller
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 Gongoll.
2. Consider Agenda
MOVED BY COMMISSIONER FARBER AND SECONDED BY
COMMISSIONER TVEITE TO APPROVE THE DECEMBER 10, 2007 EDA
AGENDA. MOTION CARRIED 7-0.
3. Consider Consent Agenda
MOVED BY COMMISSIONER KLINZING AND SECONDED BY
COMMISSIONER MOTIN TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. NOVEMBER 10, 2007 REGULAR MEETING MINUTES
3.2. NOVEMBER 10, 2007 EXECUTIVE SESSION MEETING MINUTES
3.3. CHECK REGISTERS
3.4. BALANCE SHEET
3.5. REVENUE/EXPENDITURE REPORT
MOTION CARRIED 7-0.
4. n Mik
No one appeared for open mike.
5.
the Bonds
Finance Director Tim Simon presented il~e staff report.
MOVED BY COMMISSIONER TVEITE AND SECONDED BY
COMMISSIONER KLINZING TO ADOPT RESOLUTION 07-09 PROVIDING
Economic Development Authority Minutes
December 10, 2007
Page 2
FOR THE SALE OF $2,000,000 GENERAL OBLIGATION BONDS, SERIES 2008
(YMCA PROJECT). MOTION CARRIED 7-0.
MOVED BY COMMISSIONER DWYER AND SECONDED BY
COMMISSIONER MOTIN TO CALL A SPECIAL MEETING OF THE
ECONOMIC DEVELOPMENT AUTHORITY FOR TUESDAY, JANUARY 22,
2008, FOR THE PURPOSE OF ISSUING THE $2,000,000 GENERAL
OBLIGATION BONDS, SERIES 2008 (YMCA PROJECT). MOTION CARRIED
7-0.
6. Update on Gateway Business Center
Planning Manager Jeremy Bamhact provided an update on the Gateway Business Center as
outlined in his staff report. Mr. Barnhart indicated that staff has not received any of the
requested information from the EECHCC representatives. He explained that without this
inforration, staff cannot accurately recommend a plat layout, delaying the preparation of
plat documents and putting the June 1 groundbreaking goal in jeopardy.
Commissioner Motin questioned when staff anticipates this additional information will be
received from EECHCC. Mr. Barnhart indicated that he would expect additional
information to be received by the first of the year.
Update on Post Office Proper at Lot 1, Block 1 Mulvaney Point
Director of Economic Development Catherine Mehelich stated that she has been in contact
with representatives from the Post Office and they are anticipating advertising the sale of the
Mulvaney property within the next month. Ms. Mehelich stated that it has not yet been
determined if the property will be sold through a bidding process or as a normal listing. Ms.
Mehelich noted that she has heard from developers interested in the property questioning
what the city's vision for the property is. She has indicated to them the discussion has been
on a fine dining establishment but asked the EDA to let her know if they have other ideas.
Ms. Mehelich indicated that an EDA Executive Session will be called to formalize whether
or not the EDA wishes to participate in the bidding process for this property and if so, the
price.
Commissioner Farber questioned if staff has heard from representatives of Umbria - La
Cucina Italiana. Ms. Mehelich indicated she called them last week and has not heazd back.
8. Discuss 2008 EDA Goals and Projects
Ms. Mehelich presented the staff report. She outlined 2007 projects, 2008 proposed goals
and projects, and ongoing initiatives.
President Gongoll explained that this discussion is meant as an opportunity for the EDA to
begin thinking about goals and projects for 2008.
Commissioner Dwyer indicated that he has been informed that the Target store on Freeport
will be closing by next October and he thinks the EDA and/or HRA should begin looking
at filling that large co~runercial space.
Economic Development Authority Minutes
December 10, 2007
Page 3
Ms. Mehelich stated that a letter was sent to Target asking them to reconsider closing the Elk
River location but no response has been received. She stated that staff will remain in contact
and follow up on the letter.
Commissioner Tveite questioned if the planning session the City Council has scheduled with
community development in January should be a joint meeting with the EDA as well. Ms.
Johnson indicated that the Frst planning meeting is geared towards the City Council to
discuss general items but the Council tnay chose to hold a joint meeting in the future.
Adjournment
There being no other business, President Gongoll adjoumed the meeting of the Elk River
Economic Development Authority adjoumed at 5:47 p.m.
Minutes prepared by Jessica Miller.
Tina Allard
City Clerk