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12-08-2003 EDA MINMEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER HIGH SCHOOL LITTLE THEATER MONDAY, DECEMBER 8, 2003 Members Present: President Gongoll, Commissioners Koenig, Dwyer, Klinzing, Kuester, Tveite (5:50 p.m.), and Motin Members Absent: None Staff Present: Director of Economic Development Catherine Mehelich, Assistant Director of Economic Development Heidi Steinmetz, City Administrator Pat Klaers, and Recording Secretary Tina Allard 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. Consider Agenda President Gongoll added an item regazding the Metropolitan Coalition of Chambers event under Other Business. MOVED BY COMMISSIONER KOENIG AND SECONDED BY COMMISSIONER DWYER TO APPROVE THE DECEMBER 8, 2003 EDA AGENDA AS AMENDED. THE MOTION CARRIED 6-0. 3. Consider Consent Agenda MOVED BY COMMISSIONER KLINZING AND SECONDED BY COMMISSIONER MOTIN TO APPROVE THE FOLLOWING CONSENT AGENDA ITEMS: 3.1. NOVEMBER 10, 2003 MINUTES WITH THE FOLLOWING CHANGE BY COMMISSIONER MOTIN • ITEM 7, INDUSTRIAL LAND DEVELOPMENT STRATEGY PARAGRAPH THREE TO READ "COMMISSIONERS MOTIN... REZONE ELK RIVER BUSINESS PARK PROPERTY TO MIXED... " 3.2. CHECK REGISTER 3.3. REVENUE/EXPENDITURE REPORT 3.4. BALANCE SHEET THE MOTION CARRIED 6-0. Economic Development Authority Minutes Page 2 December 8, 2003 4. Open Mike No one appeared for Open Mike. Strategic Industrial Marketing Activities Update President Gongoll stated that he, Ms. Mehelich, and Commissioner Klinzing met with representatives of Cymbet Corporation to discuss their expansion plans. He stated that as city representatives they expressed their desire to work with Cymbet at keeping them in the community. He stated that Cymbet currently occupies approximately 10,000 square feet of space and needs about 50,000 square feet for their manufacturing operation. President Gongoll stated that Cymbet, with some assistance from the city, would possibly consider construction of a 50,000 square foot facility. He is concerned Cymbet could move out of the community. Commissioner Klinzing stated that she believes Cymbet would like to remain in the community. She stated that they expressed an interest in the city's plan for a YMCA, the commuter rail station, and the rural nature of Elk River. She stated that Cymbet indicated they would not make any moving decisions without coming forward to the city. Ms. Steinmetz provided an update on key accounts, promotions, advertising, public relations, and the business retention strategy as outlined in her staff report. Ms. Mehelich provided an update on KnowledGenetica. She stated that they are in process for funding from the Initiative Foundation and Anoka/Sherburne County Capital fund a name change to K-netica. 6. Discuss Update on Economic Development Strategic Plan Ms. Mehelich stated that funds are in the 2004 budget to update the Economic Development Strategic Plan. She gave a history of the Plan and discussed past goals that have been accomplished. She questioned the Commission as to how they would like to proceed with the Plan update. President Gongoll stated that the past process of utilizing a task force of community representatives worked well. Commissioner Dwyer stated the city needs to complete more than just an update of the Plan. Commissioner Tveite concurred stating there are new tools and resources available that are not used in the current Plan. Commissioner Motin stated that the Plan should have a whole overhaul, not just a modification. He would like the EDA, HRA, and the City Council to have input on the Plan. Discussion was held on the amount of funds budgeted for this project and whether the whole Plan can be modified or just an update should be completed Economic Development Authority Minutes December 8, 2003 Page 3 The Commission discussed a timeline for moving this project forward. The Commission directed staff to meet with the Brimeyer Group to obtain a proposal. A proposal from Brimeyer will be brought to the Commission in January. Discuss Joint Worksession with Cit~Council and Action Committee for Energy ACE Ms. Mehelich stated that as part of the Energy City program, ACE was established in 1996 and since that time there has been only one joint meeting with ACE and the EDA, HRA, and Council. She stated that ACE would like to provide a presentation of activities they have accomplished in the past seven years and discuss its future role. Commissioner Klinzing stated that she is on ACE and provided a brief history of some of the past projects of ACE and some of the people that make up the committee. It was the consensus of the Commission that staff schedule a joint meeting with ACE, the EDA, and Council to be held prior to the update of the Strategic Plan Other Business Business Retention President Gongoll commemed on an article included in the meeting materials regarding the Chamber's business retention drive. He stated that the Elk River Chamber is among a coalition of 30 chambers in the state that is launching a business retention effort called Grow Minnesota. Metropolitan Coalition of Chambers President Gongoll stated that the Elk River Chamber, even though Elk River is not a metro city, is a member of this coalition. He stated that transportation issues that affect the metro also affect Elk River and if anyone is interested in going to any meetings to let him know. Adiournment There being no other business the meeting of the Elk River Economic Development Authority adjourned at 6:45 p.m. Recording Secretary