3.1 EDSR 01-14-2013 MEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, DECEMBER 10, 2012
Members Present: President Tveite,Commissioners Dwyer, Gumphrey,Motin,Westgaard,
and Zerwas
Members Absent: Commissioner Provo
Staff Present: Director of Economic Development Annie Deckert,Assistant Director of
Economic Development Clay Wilfahrt,Finance Director Tim Simon,and
Executive Secretary/Deputy City Clerk Jessica Miller
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 Tveite.
2. Consider Agenda
Preident Tveite indicated that he has two resolutions to add under item 8.
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER WESTGAARD TO APPROVE THE DECEMBER 10,2012,
EDA AGENDA AS AMENDED. MOTION CARRIED 6-0.
3. Consider Consent Agenda
MOVED BY COMMISSIONER DWYER AND SECONDED BY
COMMISSIONER MOTIN TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. NOVEMBER 13,2012,REGULAR MEETING MINUTES.
3.2. CHECK REGISTER 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. Open Forum
No one was present for open forum.
5. Refinance the EDA General Obligation 2007 Bonds—Public Hearing
Mr. Simon presented his staff report.
President Tveite opened the public hearing.There being no one present to speak on this
issue,President Tveite closed the public hearing.
Economic Development Authority Minutes Page 2
December 10,2012
The EDA concurred with the members of the Pricing Committee as outlined in the staff
report.
MOVED BY COMMISSIONER ZERWAS AND SECONDED BY
COMMISSIONER DWYER TO ADOPT RESOLUTION 12-05 PROVIDING FOR
THE SALE OF GENERAL OBLIGATION REFUNDING BONDS,SERIES
2013A;FIXING THEIR FORM AND SPECIFICATIONS;DIRECTING THEIR
EXECUTION AND DELIVERY;AND PROVIDING FOR THEIR PAYMENT.
MOTION PASSED 6-0.
6. 2013—2016 Economic Development Strategic Plan
Ms.Deckert presented her staff report.
Consensus of the EDA was that they were pleased with the current Strategic Plan and would
like to continue on the current path of the plan modifying and updating it as necessary to
meet the needs of the economic development community.
7. Social Media Overview Presentation—Economic Development Initiatives
Mr.Wilfaht provided a social media update as outlined in his staff report.
8. Announcements
8.1. President Tveite read the resolution recognizing Commissioner Gumphrey.
MOVED BY COMMISSIONER DWYER AND SECONDED BY
COMMISSIONER WESTGAARD TO ADOPT RESOLUTION 12-06
RECOGNIZING COMMISSIONER GUMPHREY FOR HIS SERVICE
ON THE ECONOMIC DEVELOPMENT AUTHORITY. MOTION
CARRIED 6-0.
8.2. President Tveite read the resolution recognizing Commissioner Zerwas.
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER DWYER TO ADOPT RESOLUTION 12-07
RECOGNIZING COMMISSIONER ZERWAS FOR HIS SERVICE ON
THE ECONOMIC DEVELOPMENT AUTHORITY. MOTION
CARRIED 6-0.
Ms.Deckert provided an update on some upcoming events including the Chamber Business
of the Year presentation to Chuba Company and Santa in the River's Edge Commons Park.
Ms. Deckert indicated that she anticipates receiving the appraisal for the Northstar Business
Park Outlot A back by the end of the week and having the EDA call for sale of the property
at their next meeting.
9. Adjournment
There being no other business,President Tveite adjourned the meeting of the Elk River
Economic Development Authority at 6:23p.m.
Economic Development Authority Minutes Page 3
December 10,2012
Minutes prepared by Jessica Miller.
Dan Tveite,President
Tina Allard, City Clerk