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3.1. EDSR 12-12-2011~~ MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, OCTOBER 10, 201 I Members Present: President Touchette, Commissioners Gumphxey, Motin, Tveite, Westgaaxd, and Zerwas Members Absent Commissioner Dwyer Staff Present. Interim City Administrator Robert Thistle, Director of Economic Development Annie Deckert, Assistant Director of Economic Development Clay Wilfahrt, and Executive Secretary/Deputy City Clerk Jessica Alillex Cal] 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 Touchette. 2. Consider Agenda MOVED BY COMMISSIONER TVEITE AND SECONDED BY COMMISSIONER ZERWAS TO APPROVE THE OCTOBER 10, 2011 EDA AGENDA. MOTION CARRIED 6-0. 3. Consider Consent Agenda MOVED BY COMMISSIONER MOTIN AND SECONDED BY COMMISSIONER WESTGAARD TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. SEPTEMBER 12, 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 6-0. 4. Onen btike No one was present. 5. Discuss CDI Proposal Ms. Deckert presented the staff report. Discussion took place on the request by Ctystal Distribution, Inc. (CDI) to purchase and expand on a portion of a 8.88 parcel in the Northstar Business Park. Economic Development authority Minutes October ]Q, 2011 Page 2 Commissioner Zerwas stated that he is not in favor of splitting the lots as he would like the large iot utilized by one business. He added that it down'[ make sense for the EDA to split the lots and have to market the smaller parcel. PresidentTouchette indicated he appreciates CDI's presence in the community and that staff and the EDA need to find a way to make this work. He noted that if a right in, tight out turn isn't an option, the lot may need to remain unsplit but that there should still be a way to make it work fox CDI. Commissioner Motin explained he is not interested in marketing the second lot. He believes CDI should purchase the entire lot and split and market the second lot or keep the entire lot for future expansion. He added that he will not agree to a right in, right out tum off of Twin Lakes Road. Commissioner Gumphxey indicated that he is in favor of splitting the lot now because CDI should not be required to purchase more than they need Eor their expansion. Commissioner Tceite stated if the frontage road issues can be xesolaed, he would be in favor of splitting the lot and allowing CDI to purchase only the parcel they need. He noted that he would look fox CDI to cover many of the costs associated with the lot split and required infrastructure to make the second lot viable. Commissioner Westgaard explained that access off of Twin Lakes Road should be limited so access fox these lots would have to come off of Tyler Street He stated he is not opposed to a split but wants to make sure the parcel remaining after the split is a buildable, marketable piece. Commissioner Motin questioned why the sale options include $2 per square foot versus fair market value. Ms. Deckert explained that there has been discussion on whether or not the parcel is worth $2 per square foot. Consensus of the EDA was for staff to explore options, costs, and viability of splitting the lots and for staff to obtain an appraisal on the property as a whole and the split with access Eor the northern piece from Tyler. Dave Link, general contractor for CDI -indicated that CDI would be willing to work with staff to provide improved access to the second parcel. He stated that it is not Financially possible fox CDI to expand if they have to purchase the entire parcel. He added that CDI will accept reasonable costs associated with infrastructure fox the second parcel if the lots axe split. 6. Branding Undate Mx. Wilfahrt provided a branding update as outlined in his staff report. Marketing Update Mr. Wilfahrt provided a marketing update as outlined in his staff report. Economic Development .Authority Minutes Page 3 October 1Q 2011 8. Discuss Initiative Foundation Request Ms. Deckert presented the staff report. Commissioner Zettivas indicated that he asked for this item to be brought back because he was absent from the August meeting when it was discussed and the vote was tied. He stated thatit makes sense for the EDA to contribute since Ell; River and Sherburne County have consistently benefited. Commissioner A~'estgaard questioned why the EDA stopped contributing. Commissioner Motin indicated that his recollection is that the Initiative Foundation was requesting a three or five year commitment and the EDA was not willing to make that commitment. He stated that it is a good foundation but he's not sure the EDA should spend money it doesn't have. He indicated he would like to see a policy outline EDA contributions. Ms. Deckert explained that previous EDA discussion was to consider contributions on a case by case basis. Commissioner Tveite concurred with Commissioner Motin. He stated he would rather see the $2,500 go towards Energy City. President Touchette indicated that it is an excellent foundation but be believes the EDA should concentrate the money in Elk River. Fie added that these may be better uses for the $2,500. MOVED BY COMMISSIONER GUMPHREY AND SECONDED BY COMMISSIONER ZERWAS TO CONTRIBUTE $2,500 TO THE INITIATIVE FOUNDATION. MOTION TIED 3-3. President Touchette and Commissioners Motin and Tveite opposed. Commissioner Gumphxey requested that this item be discussed at the next meeting when all commissioners axe present. Commissioner Motin directed Ms. Deckert to check with City Attorney Peter Beck to see if there is a limit to the number of times the EDA can consider the same item. 9. Other Business President Touchette indicated that the second annual Elk Rives Area Arts Alliance AxtCrawl is Thursday, October 20. 10. Adiournment There being no other business, President Touchette adjourned the meeting of the Elk River Economic Development Authority at 6:35 p.m. Minutes prepazed by Jessica Miller. Tina Allard, City Clerk Ron Touchette, President