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10-10-2011 EDA MINMEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, OCTOBER 10, 201 I Members Present: President Toudiette, Commissioners Gumphrev, biotin, Tveite, ~C~estgaard, and Zercvas Members Absent: Commissioner Dwyer Staff Present: Interim City.-ldministratox Robert Thistle, Director of Economic Development Annie Deckers, Assistant Director of Economic Development Clay \k'ilfahrt, and Executive Secxetar5~/Deputy City Clerk Jessica Miller 1. Call Meeting To Order Pursuant to due call and notice thereof, the meeting of the Economic Development Audioriry was called to order at 5:30 p.m. by President Touchette. ?, 3. 4. 5. Consider Agenda MOVED BY COMMISSIONER TVEITE AND SECONDED BY COMMISSIONER ZERWAS TO APPROVE THE OCTOBER 10, 2011 EDA AGENDA. MOTION CARRIED 6-0. 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. Onen Mike No one was present. Discuss CDI Proposal Ms. Deckext presented the staff report. Discussion took place on the request by Crystal 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 1Q 2011 Page 2 Commissioner Zerwas stated that he is not in favor of splitting the lots as he would like the large lot utilized by one business. He added that it doesn't make sense for the EDA to split the lots and have to market the smaller parcel. President Touchette indicated he appreciates CDI's presence in the community and that staff and the EDA need to fmd a way to make this work. He noted that if a right in, right 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 for 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 ox keep the entire lot fox 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 for their expansion. Commissioner Tveite stated if the frontage road issues can be resolved, he would be in favor of splitting the lot and allowing CDI to purchase only the parcel they need. He noted drat 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 afrer the split is a buildable, marketable piece. Commissioner Morin 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 fox 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 for 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 pazcel. He stated that it is not financially possible fox CDI to expand if they have to purchase the entire pazcel. He added that CDI will accept reasonable costs associated with in&astmctuxe for the second parcel if the lots are split. 6. Bxanding_Uudate Mr. Wilfahrt provided a branding update as outlined in his staff report. Mazketing Update Mr. WIlfahrt provided a mazketing update as outlined in his staff report. Economic Development Authority Minutes Page 3 October 10, 2011 8. Discuss Initiative Foundation Request Ms. Deckert presented the staff report. Commissioner Zexu-as indicated that he asked for dux item to be brought back because he was absent from the August meeting when it was discussed and d7e vote was tied. He stated that it makes sense for the EDA to contribute since Elk Ricer and Shexbume County have consistently benefited. Commissioner \k'estgaard questioned why the EDA stopped contributing. Commissioner Motin indicated that Ms recollection is that the Initiative Foundation was requesting a daee or five }-ear 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. DLs. Deckert explained that precious 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 Cig~. President Touchette indicated that it is an excellent foundation but he believes the EDA should concentrate the money in Elk River. He added that there may be better uses for the $3,500. 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 Gumphrey 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 River Area Arts Alliance ArtCxawl is Thursday, October 20. 10. adjournment There being no other business, President Touchette adjourned the meeting of the Elk River Economic Development Authority at 6:35 p.m. Minutes pfepaxed y Jessica Miller. ~ ~~ Tina Allazd, City Clerk Ro ouchette, President