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07-14-2003 EDA MINMEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, JULY 14, 2003 Members Present: President Gongoll, Commissioners Koenig and Dwyer Commissioners Klinzing, Kuester, Tveite and Motin arrived at 5:34 p.m. Members Absent: None Staff Present: Director of Economic Development Catherine Mehelich, Economic Development Assistant Heidi Hall, City Administrator Pat Klaers, Recording Secretary Debbie Huebner Call Meeting To Order Pursuant to due call and notice thereof, the meeting of the Economic Development Authority was called to order at 5:31 p.m. by President Gongoll. 2. Consider?/14/03 Agenda COMMISSIONER DWYER MOVED TO APPROVE THE JULY 14, 2003, EDA AGENDA. COMMISSIONER KOENIG SECONDED THE MOTION. THE MOTION CARRIED 4-0. Consider Consent Agenda COMMISSIONER DWYER MOVED TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. JUNE 9, 2003 REGULAR MEETING MINUTES 3.2. CHECK REGISTER 3.3. REVENUE/EXPENDITURE REPORT 3.4. BALANCE SHEET COMMISSIONER KOENIG SECONDED THE MOTION. THE MOTION CARRIED 4-0. Commissioner Kuester, Tveite and Motin amved at this time (5:34 p.m~ 4. en Mike No one appeared for open mike. 5. Strategic Industrial Marketing Activities Update Economic Development Authority Minutes July 14, 2003 Page 2 Economic Development Assistant Heidi Hall presented an update on the strategic industrial marketing activities. President Gongoll inquired of the status of the MN Technology, Inc. agency. Economic Development Director Catherine Mehelich stated the agency is funded through 2004 and they are trying to transition from aquasi-state corporation to a private non-profit corporation. Ms. Mehelich will update the Commission as further information becomes available. 6. Industrial Land Development Strategy Update Director of Economic Development Catherine Mehelich provided an update regarding meetings with industrial/business park landowners. Ms. Mehelich noted staff's goal is to gather information in order to develop a strategy to reduce the price competition between landowners within the city, while also allowing them to be competitive with land outside the city. Ms. Mehelich explained that the Land Owner Meeting Form will help to identify what the costs are for each site, in order for development to occur. Ms. Mehelich noted that staff will meet with the EDA Marketing Committee, who will then pass on a recommendation for the Economic Development Commission meeting. Commissioner Kuester asked that more clarification be provided regarding costs for improvements, such as water, sewer and roads. Ms. Mehelich explained that City Engineer Terry Maurer will be preparing concept plan options and costs estimates for development of the individual sites. Commissioner Kuester asked that a price be provided, with all services provided. Ms. Mehelich stated that some of the landowners do not know what the improvement costs are and that it varies from site to site. Business Incubator Update Economic Development Assistant Heidi Hall expressed the City's condolences on the loss of Roger Jenson. Mr. Jenson recently passed away shortly after being diagnosed with a brain tumor. Mr. Jenson was the Executive Director of the Anoka County Economic Development Partnership and President of the Anoka/Sherhurne County Capital Fund. Harlon Jacobs, the EDA's business incubator consultant, provided an update on the status of incubator prospects. Mr. Jacobs explained that with the slow economy, many entrepreneurs are staying in their homes and garages and not willing to make the move to the incubator setting. Mr. Jacobs stated that he feels this is a short-term problem. Mr. Jacobs reviewed his January 14, 2003 and July 10, 2003 reports, regarding new and existing prospects, current companies, and recent graduates/terminations. Mr. Jacobs discussed the Economic Development Authority Minutes July 14, 2003 Page 3 products, needs, and status of the two new prospects, Intellipatch, Inc. and Lap2, Inc. Discussion followed regarding a request by Mr. Mike Geatz of Intellipatch, Inc. to sublease space at the incubator site from current tenant, KnowledGenetica, until he can secure the molds necessary for starting up his business and submit a formal application for the incubator. A letter confirming the request from Mr. Joseph Roushar of KnowledGenetica was distributed to the Conutlission. Ms. Mehelich stated that staff received the request that afternoon and that according to the sublease agreement, subletting is not allowed by tenants of the incubator program. She stated that the benefit of discounted rent should be reserved only for incubator program tenants and that the company should submit an application for review by the Incubator Advisory Committee. COMMISSIONER KLINZING MOVED TO WAIVE SECTION 11 OF THE INCUBATOR SUBLEASE FORA 30-DAY LIMIT IN ORDER FOR INTELLIPATCH, INC. TO BEGIN PROCESSING A FORMAL APPLICATION. THE EDA REQUESTS REVIEW OF THE STATUS OF AN APPLICATION FROM INTELLIPATCH, INC. AT THE NEXT EDA MEETING. COMMISSIONER KUESTER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 8. Other Business -None 9. Adjournment There being no other business, PRESIDENT GONGOLL ADJOURNED THE MEETING. The meeting of the Elk River Economic Development Authority adjourned at 6:22 p.m. Re/s~pectfully submitted, ~CSla.~c~ y~- Debbie Huebner Recording Secretary