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05-14-2001 EDA MINMEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, MAY 14, 2001 Members Present: President GongoO, Commissioners Koenig, Dwyer, Klinzing, Kuester, Motin, and Tveite (6:06 pm) Members Absent: None Staff Present: Director of Economic Development Catherine Mehehch, Assistant Director of Economic Development Marc Nevinski, City Administrator Pat Klaers, and City Clerk Sandra Peine 1. Call Meeting To Order Pursuant to due call and notice thereof, the meeting of the Economic Development Authority was called to order at 6:00 p.m. by President Gongoll. 2. Consider 5/14/01 Agenda Catherine Mehelich requested to add item 9.1 to the agenda; "Authorize Issuance of CertiFicate of Completion and Notes for TIF #19." COMMISSIONER MOTIN MOVED TO APPROVE THE MAY 14, 2001, EDA AGENDA AS AMENDED. COMMISSIONER KUESTER SECONDED THE MOTION. THE MOTION CARRIED 6-0. 3. Consider Consent Agenda Commissioner Dwyer requested that the retainer for the Business Incubator be addressed at the next EDA meeting. COMMISSIONER KUESTER MOVED TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. MARCH 12, 2001, EDA MINUITES -APPROVED 3.2. CHECKREGISTER-APPROVED 3.3. REVENUE/EXPENDITURE REPORT -APPROVED 4.5. ECONOMIC DEVELOPMENT DEPARTMENT WEBPAGE - APPROVED COMMISSIONER MOTIN SECONDED THE MOTION. THE MOTION CARRIED 6-0. 4. Open Mike No one appeared for open mike. Economic Development Authority Minutes Page 2 May 14, 2001 5. Strategic Industrial Marketing Plan - Updat 5.1. Customer Service/Siting & Expansion Process Anita Duckox, of Duckox & Associates gave an overview of the Customer Service & Siting/Expansion Process. She noted that the process began in December of 2000. Ms. Dukor explained purpose of the project which was to provide a seamless siting process to meet the industrial client's need for resources, information and business incentives that helps the client site and/or grow in the city of Elk Riven Anita noted that [he project is now complete and thanked all involved. (Commissioner Tveite arrived at this time (6:06 p.m.) Commissioner Dwyer indicated his concern that the process is continually reviewed and that all departments continue to follow the process. The City Administrator explained that a review of each proposal upon completion is built into the process. Cormissioner Klinzing indicated that she would like to see the action xequued by the governing body more clearly defined. She also indicated that she wants to be sure that the public is clearly involved in the process. Commissioner Klittzing requested the opportunity to review the final copy of the plan and to highlight areas where she sees that the public could be more informed. Anita Dukor thanked the EDA for the opportunity to work with the City. 5.2. New Marketin,~ Materials Catherine Mehelich introduced the new EDA marketing brochure. 5.3. Economic Development Department Web~age Marc Nevinski displayed the Economic Development Web page that he has designed. He noted tha[ it would be incorporated into the city's web site. (Commissioner Kues[er left at 6:50 p.m.) 6. Consider ModiFcation to Roma Tool Amortization Mazk Nevinski explained that Roma Tool & Plastics is requesting a suspension of payments on their State loan for the period of February 2001 to September 2001 due to a limited supply of working capital. Mazc explained that the City is administering the loan fox the State. He noted that the loan originated in 1986 and the city has recovered its portion of the loan. Commissioner Dwyer indicated that the EDA has an obligation to the taxpayers and felt that the loan should be not be forgiven. Commissioner Tveite concc[ured. COMMISSIONER TVEITE MOVED TO REQUIRE A PARTIAL PAYMENT OF $1,000 PER MONTH UNTIL SEPTEMBER 1, 2001, WHILE MAINTAINING A REPAYMENT SCHEDULE. COMMISSIONER MOTIN SECONDED THE MOTION. THE MOTION CARRIED 6-0. Economic Development Authority Minutes Page 3 May 14, 2001 Consider SolarAttic Market Rate Incubator Lease Marc Nevinski indicated that SolaxAtdc has requested that the EDA renew its lease at the Business Incubator. Marc recommended that the EDA consider a market rate lease. COMMISSIONER KLINZING MOVED TO ALLOW SOLARATTIC TO RENEW ITS LEASE AT THE BUSINESS INCUBATOR WITH FOLLOWING CONDITIONS: 1. TWELVE MONTH LEASE IN CURRENT SUITE 2. RATE: $6.50/sf 3. 45-DAYS NOTICE IF THE SPACE IS NEEDED. COMMISSIONER KOENIG SECONDED THE MOTION. THE MOTION CARRIED 5-0. S. Discuss Business Park Zoning District Standards Catherine Mehelich indicated that the Planning Cotmission recently held a workshop to discuss Business Paxk design standards. She indicated that Brookstone Development has raised the concern about the existing design standards prohibiting pre-cast concrete panels. President Gongoll indicated that he had some concerns with the restrictions of pre-cast concrete. He also indicated that the standards changed in mid-stream of Brookstone's development process. President Gongoll stated that the EDA was involved when the original standards were developed but had no input in the new standards. Catherine Mehelich indicated that the Planning Commission stated a willingness to consider a revision to the ordinance and requested staff to review the proposed language presented by Brookstone and to review the proposed ordinance with the development community and economic development key accounts for input. COMMISSIONER DWYER MOVED TO ALLOW THE EDA THE OPPORTUNITY TO REVIEW REZONINGS OF BUSINESS PARK AND INDUSTRIAL ZONE AREAS FOR COMMENT AND RECOMMENDATION AS IT RELATES TO THE ECONOMIC DEVELOPMENT INDUSTRIAL MARKETING STRATEGY. COMMISSIONER TVEITE SECONDED THE MOTION. THE MOTION CARRIED 6-0. 9. Other Business Catherine Mehelich requested the EDA to authorize execution of a Certificate of Completion prior to payment for the TIF 19 Contract for Private Redevelopment. COMMISSIONER DWYER MOVED TO AUTHORIZE THE EDA PRESIDENT AND VICE PRESIDENT TO EXECUTE THE TIF 19 CERTIFICATE OF COMPLETION AND THE LIMITED REVENUE TAX INCREMENT NOTES A AND B. COMMISSIONER KUESTER SECONDED THE MOTION. THE MOTION CARRIED G-0. Economic Development Authoaty Minutes Page 4 May 14, 2001 Marc Nevinski noted that Integrated Power Solutions, now known as Cymbet, has graduated from the Business Incubator and moved to a new home located in the West Business Paxk. 10. Adjournment There being no other business, COMMISSIONER TEVEITE MOVED TO ADJOURN THE MEETING. COMMISSIONER MOTIN SECONDED THE MOTION. THE MOTION CARRIED 6-0. The meeting of the Elk River Economic Development Authority adjourned at 7:33 p.m. Sandra Peine City Clerk