03-13-2006 EDA MINMEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, MARCH 13, 2006
Members Present: President Gongoll, Commissioners Dwyer, Gumphrey, Klinzing, Motin and
Tveite
Members Absent: Commissioner Farber
Staff Present: Director of Economic Development Catherine Mehelich, Assistant
Director of Economic Development Heidi Steinmetz, Community
Development Director Scott Clark, City Administrator Lori Johnson, and
Recording Secretary Debbie Huebner
1. 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.
2. Consider Agenda
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER DWYER TO APPROVE THE MARCH ]3, 2006 AGENDA.
MOTION CARRIED 6-0.
3. ConsidexConsentAgenda
MOVED BY COMMISSIONER KLINZING AND SECONDED BY
COMMISSIONER TVEITE TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. FEBRUARY 13, 2006 REGULAR MEETING MINUTES
3.2. MARCH 6, 2006 SPECIAL MEETING MINUTES
3.3. CHECK REGISTER
3.4. BALANCE SHEET
3.5. REVENUE/EXPENDITURE REPORT
MOTION CARRIED 6-0.
4. Open Mike
No one appeared for open mike.
5. Discuss Draft Amendments to the Micro Loan Fund Policv and Application
Director of Economic Development Catherine Mehelich reviewed the proposed
amendments to the Micro Loan Fund Policy and the changes suggested by the HRA and
HPC regarding the Redevelopment Financing Program. She noted that staff is researching
the ADA and fue code requirements that may apply to commercial building rehabilitation
Economic Development Authority Minutes Page 2
March 13, 2006
projects. A revised Micro Loan Fund Policy and Application will be presented at the EDA's
April meeting for adoption. President Gongoll suggested staff research possible grant
opportunities for ADA compliance.
6. Discuss Draft Amendments to Cit~~'s Tax Abatement Policy and Application
Ms. Mehelich provided a summary of significant staff amendments to the Tax Abatement
Policy and Application.
President Gongoll stated that the EDA's intent is to make the polity and application cleaz
and understandable. He felt that the point system based on per square foot mazket value
may penalize some industrial users as compared to commercial buildings. Community
Development Director Scott Clazk asked if the EDA would like to use two different values
(present and future) for presenting Abatement applications to the EDA . President Gongoll
stated that may be the only fau way to do it.
Commissioner Motin inquired about the possible impact of legislation regarding State
Statute 469.1813 on the City's Tax Abatement Polity. Ms. Mehelich stated she was not
aware of any proposed legislation affecting the use of tax abatement, but will research this
issue.
Ms. Mehelich stated that the policy will be amended and brought back for EDA adoption in
April or May.
Update on Development Fomm
Assistant Director of Economic Development Heidi Steinmetz stated that to date eight
people have akeady signed up for the Development Forum scheduled for Wednesday,
March 29, from 9:00 -10:30 a.m.
8. Discuss Proposed Banker's Fonun
Ms. Mehelich noted that staff proposes to host the Banker's Forum to be scheduled for
Wednesday, May 24 from 7:30 - 9:30 a.m. at Blackwoods in Otsego. The Banker's Forum
will provide an opportunity for staff to present the various financing tools the City offers
along with the MN Community Capital Fund.
9. Other Business
President Gongoll expressed thanks to Ms. Steinmetz for hex work in assisting K-Netica in
their search for space in Elk River.
10. Adjournment
There being no other business, PRESIDENT GONGOLL ADJOURNED THE
MEETING.
Economic Development duthoritp Mmutas
March 13, 2006
The meeting of the Elk River Economic Development Authorih' adjourned at 6:03 p.m.
Submitted by:
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Debbie Huebner
Recording Secretary