05-09-2011 EDA MIN".
MEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, MAY 9, 201 I
Members Present: President Touchette, Commissioners Dwyer, Gumphrey, Motin (5:31 p.m.),
Tveite, Westgaard, and Zerwas
Members Absent: None
Staff Present: Marketing and Business Administrator Annie Deckert 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
Authoritywas called to order at 5:30 p.m. byPresident Touchette.
2. Consider Agenda
MOVED BY COMMISSIONER DWYER AND SECONDED BY
COMMISSIONER TVEITE TO APPROVE THE MAY 9, 2011 EDA AGENDA.
MOTION CARRIED 6-0.
Commissioner Motin arrived (5:31 p.m)
3. Consider Consent Agenda
MOVED BY COMMISSIONER TVEITE AND SECONDED BY
COMMISSIONER ZERWAS TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. MARCH 14, 2011 REGULAR MEETING MINUTES
3.2. CHECK REGISTERS AS OUTLINED IN THE STAFF REPORT
3.3. BALANCE SHEET AS OUTLINED IN THE STAFF REPORT
3.4. REVENUE/EXPENDITURE REPORT AS OUTLINED IN THE STAFF
REPORT.
MOTION CARRIED 7-0.
4. en Mike
No one was present.
5. Request ~ Elk River Independence Day 2011 Committee
Jim Boyle, Elk River Independence Day 2011 Committee, explained the Committee's plans
t~ for the 2011 Independence Day Celebration. Mr. Boyle requested the EDA contribute
r $6,000, consistent with last year's contribution.
Economic Development AuthorityMmutes
May 9, 2011
Page 2
MOVED BY COMMISSIONER ZERWAS AND SECONDED BY •
COMMISSIONER GUMPHREY TO APPROVE $6,000 FUNDING FROM
THE ECONOMIC DEVELOPMENT AUTHORITY BUDGET TO THE ELK
RIVER Il\TDEPENDENCE DAY 2011 COMMITTEE. MOTION CARRIED 7-0.
Consider Adoption of Amended Micro Loan Fund Policy
Ms. Deckert presented the staff report.
Commissioner Motin requested that the wording in the first paragraph under Criteria for the
Downtown Revitalization Financing Program be changed as follows:
At a minimum, 20% of Micro Loan dollars must be used for the improvement of
the building facades, with exceptions to be considered r,..,-r.° ~'~~°~~° ~,.,,,~,.,:,,.°°
when it appears facade improvements are not necessar,~ Financing of leasehold
improvements will be considered at a limit of $25,000.
7.
MOVED BY COMMISSIONER DWYER AND SECONDED BY
COMMISSIONER WESTGAA.RD TO ADOPT THE MICRO LOAN POLICY
AS PRESENTED WITH COMMISSIONER MOTIN'S CHANGES AS
OUTLINED ABOVE. MOTION CARRIED 7-0.
Consider MPCA Property Access Agreement for Monitoring Well on EDA Parcel 75-427-
0140 Elk River Industrial Park
•
Ms. Deckert presented the staff report.
Becca Reason, Peer Engineering - outlined the request on the behalf of the MPCA.
President Touchette questioned whythe proposed well has been positioned in the middle of
the property. Ms. Reason stated that the MPCA is trying to avoid wetlands but are open to
placing the well where it makes sense for the citywith future development plans.
President Touchette also questioned whose responsibility it would be to seal the well if
funding is no longer available. Ms. Reason indicated that it would be the MPCA's
responsibility as the well owner.
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER ZERWAS TO APPROVE THE PLACEMENT OF A
MONITORING WELL AND AUTHORIZE STAFF TO EXECUTE A
PROPERTY ACCESS AGREEMENT IN THE FORM PRESENTED FOR THE
EDA LOT 4, BLOCK 1 IN ELK RIVER INDUSTRIAL PARK AS REQUESTED
BY THE MINNESOTA POLLUTION CONTROL AGENCY. MOTION
CARRIED 7-0.
8. Update on Branding Strategy
Ms. Deckert provided an update on the branding strategy as outlined in her staff report. •
Other Business
Economic Development AuthoriryMnutes Page 3
May 9, 2011
• There vsas no other business.
10. Staff Updates
President Touchette provided an update on the Annual Developer's Tour through the
Nonhstar Corridor.
11. Adjournment
There being no other business, President Touchette adjourned the meeting of the Elk River
Economic Development Authority at 5:56 p.m.
Minutes prepared by Jessica Miller.
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Tina Allard, ty Clerk
Ron ouchette, President
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