06-14-2010 EDA MINMEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, JUNE 14, 2010
Members Present: President Touchette, Commissioners Dwyer, Khn~~ a, Motin, Tveite,
Westgaard, and Zerwas
Members Absent: None
Staff Present: City Administrator Lori Johnson, Direttor of Economic Development
Catherine Mehelich, and Environmental Administrator Rebecca Haug
Call Meeting To Order
Pursuant to due call and notice thereof, the meeting of the Economic Development
Authoritywas called to order at 5:30 p.m byPresident Touchette.
2. Consider Agenda
MOVED BY COMMISSIONER TVEITE AND SECONDED BY
COMMISSIONER KLINZING TO APPROVE THE JUNE 14, 2010, EDA
AGENDA. MOTION CARRIED 7-0.
3. Consider Consent Agenda
MOVED BY COMMISSIONER ZERWAS AND SECONDED BY
COMMISSIONER MOTIN TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. APRIL 12, 2010 REGULAR MEETING MINUTES
3.2. MAY 10, 2010 JOINT MEETING MINUTES
3.3. CHECK REGISTERS
3.4. BALANCE SHEET
3.5. REVENUE/EXPENDITURE REPORT
MOTION CARRIED 7-0.
4. Ooen Mike
Jim Boyle, representing the Elk River Independence Day Committee - provided an update
on the 2010 Independence Day Celebration
5. Consider Adoption of 171~~ Focused Area Study
Ms. Mehelich presented the staff report.
Commissioner Klinzing thanked the EDA on behalf of the Council for attending the
additional meetings required for the Focused Area Study and for providing valuable input
during the process.
Economic Development Authority Minutes Page 2
June 14,2010
MOVED BY COMMISSIONER TVEITE AND SECONDED BY
COMMISSIONER DWYER TO APPROVE THE 171ST AVENUE FOCUSED
AREA STUDY. MOTION CARRIED 7-0.
6. Consider EDA Micro LoanRequest -Frank Galli Pizzeria
Ms. Mehelich presented the staff report
President Touchette noted that Elk River Travel is still occupying the space but is looking at
other available spaces and will hopefullyremain in ElkRiver.
Frank Galli, applicant -reviewed his plans for renovating the space at 315 Jackson Avenue
NW. He noted there are a number of code issues that will be addressed.
Ms. Mehelich noted that the Micro Loan Fund has a current cash balance of $874,774 as of
the end of May. This was a change from what was included in the staff report.
MOVED BY COMMISSIONER KLINZING AND SECONDED BY
COMMISSIONER MOTIN TO APPROVE THE REQUEST BY THE PIZZERIA
(GALLI COMPANIES, LLC) FORA $75,000 MICRO LOAN AT 2% INTEREST
WITH A 15-YEAR AMORITIZATION/5-YEAR BALLOON AND THE
CONDITIONS RECOMMENDED BY THE FINANCE COMMITTEE.
MOTION CARRIED 7-0.
Discuss Using Energy Cityas an Economic Development Marketing Tool
Ms. Mehelich presented the staff repon.
President Touchette stated that it is important to identifywhat the EnergyCiryCommission
means to the EDA and the advantages and opportunities that come with the distinction of
Energy City. Also, the things that the Energy City Commission is doing and how we can
utilize that to draw industry and businesses to ElkRiver.
Commissioner Klinzing indicated that it is her understanding that the Action Committee for
Energy (ACE) had a strong economic development component that has been lacking in
recent years with the EnexgyCityConunission. She feels it maybe because of a lack of
identified items for collaboration between the EDA and the Energy City Cottutilssion. She
stated that she sees manyopportunities for staff to tie in economic development when
speaking on Enexgy City.
It was consensus of the EDA to strengthen the relationship between the EDA and the
Energy City Conuivssion. Ms. Mehelich indicated staff will draft strategies or methods to
expand the pannership and outline specific activities that can be accomplished.
President Touchette explained that the two most important factors from his perspective are
to make sure that the partnership between the EDA and the Energy City Commission
benefits current businesses and residents and that a contributes to the economic
development opponunities in the city.
Vance Zehringer, Chair of EnergyCity Conunission -would like the partnership to
incorporate conservation improvement programs offered byElk River Municipal Utilities as
well.
Economic Development Authority Minutes Page 3
June 14, 2010
8. Ocher Business
There was no other business.
9. Adjournment
There being no other business, President Touchette adjourned the meeting of the Elk River
Economic Development Authority at 6:01 p.m
Minutes prepared by Jessica Miller.
Tina Allard, City Clerk
Ro ouchette, President