3.1 EDA MIN 06-17-2013 MEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY,JUNE 17, 2013
Members Present: President Tveite,Commissioners Burandt,Motin,Provo,Westgaard,and
Wilson
Members Absent: Commissioner Dwyer
Staff Present: Community Operations and Development Director Suzanne Fischer,
Economic Development Director Brian Beeman,Assistant Director of
Economic Development Clay Wilfahrt,Community Operations and
Development Deputy Director Jeremy Barnhart, 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 5:37 p.m. by President Tveite.
2. Consider Agenda
Mr.Wilfahrt requested the removal of items 6 and 7 relating to Preferred Powder Coating
stating that a special meeting will be called on June 24 to discuss these items.
President Tveite asked that since item 3.7. relates to Preferred Powder Coating,it be
removed from the consent agenda and discussed in replacement of item 6.
MOVED BY COMMISSIONER WESTGAARD AND SECONDED BY
COMMISSIONER MOTIN TO APPROVE THE JUNE 17,2013, EDA AGENDA
AS AMENDED. MOTION CARRIED 6-0.
3. Consider Consent Agenda
MOVED BY COMMISSIONER WESTGAARD AND SECONDED BY
COMMISSIONER WILSON TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. MAY 13,2013, EDA 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.
3.5. DONATION OF$6,000 FROM THE EDA SPONSORSHIPS BUDGET TO
THE ELK RIVER INDEPENDENCE DAY COMMITTEE TO BE USED
TOWARDS FIREWORKS FOR THE INDEPENDENCE DAY
CELEBRATION.
3.6. CALL FOR A PUBLIC HEARING ON MONDAY,JULY 15,2013,TO
CONSIDER THE SALE OF LOT 1,BLOCK 3,NATURES EDGE
BUSINESS CENTER.
Economic Development Authority Minutes Page 2
June 17,2013
MOTION CARRIED 6-0.
4. Open Forum
No one was present for open forum.
5. Request by Pat Briggs to Purchase City-Owned Property on Behalf of Professional Service
Bureau.Inc.
Mr.Wilfahrt presented his staff report. He explained that staff is seeking EDA direction on
whether or not to move forward with the process as outlined in the staff report.
Consensus of the EDA was for staff to proceed with due diligence on this item and report
back upon completion.
3.7 Set Special Meeting for Preferred Powder Coating Requests
Mr.Wilfahrt presented the staff report.He stated that items 6 and 7 were removed from the
agenda to allow additional time for review.He indicated staff would like to call a special
meeting for Monday,June 24,2013,at 5:30 p.m. to consider the requests.
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER WILSON TO CALL A SPECIAL MEETING OF THE
ECONOMIC DEVELOPMENT AUTHORITY FOR MONDAY,JUNE 24,2013,
AT 5:30 P.M.TO CONSIDER THE TAX ABATEMENT APPLICATION FOR
PREFERRED POWDER COATING.MOTION CARRIED 6-0.
8 Microloan Application for Ralphie's Victory Lane
Mr.Wilfahrt presented the staff report. He stated that the applicant is in attendance to
answer any questions the EDA may have.
Commissioner Motin indicated that the Finance Committee discussed amending the micro
loan program to include more specific provisions pertaining to energy efficient
improvements.Mr.Wilfahrt indicated staff will bring a recommendation on criteria to a
future Finance Committee meeting.
MOVED BY COMMISSIONER PROVO AND SECONDED BY
COMMISSIONER WESTGAARD TO APPROVE THE ENERGY EFFICIENCY
MICRO LOAN APPLICATION FOR RALPHIE'S VICTORY LANE WITH THE
FOLLOWING TERMS AND CONDITIONS:
• $74,999 AT 3%INTEREST,10-YEAR TERM,10-YEAR
AMORITIZATION.
• EDA TO SECURE PERSONAL GUARANTEE FROM ALL PARTIES
INVOLVED IN OWNERSHIP OF THE BUILDING AND LAND.
• EDA TO OBTAIN SUBORDINATE POSITION MORTGAGE ON 13374
U.S. HIGHWAY 10 AND ON ALL INVENTORY AND EQUIPMENT.
MOTION CARRIED 6-0.
Economic Development Authority Minutes Page 3
June 17,2013
9. Adjournment
There being no other business,President Tveite adjourned the meeting of the Elk River
Economic Development Authority at 5:50 p.m.
Minutes prepared by Jessica Miller.
Dan Tveite,President
Tina Allard,City Clerk