02-18-2014 ED MIN City of
Elk Meeting of the Elk River
River Economic Development Authority
Held at the Elk River City Hall
Tuesday, February 18, 2014
Members Present: Acting President Dwyer, Commissioners Burandt,Westgaard,
Wilson, and Motin
Members Absent: President Tveite and Commissioner Provo
Staff Present: Community Operations and Development Deputy Director Jeremy
Barnhart, Economic Development Director Brian Beeman, and City
Clerk Tina Allard
I. Call Meeting to Order
Pursuant to due call and notice thereof, the meeting of the Elk River Economic
Development Authority was called to order at 5:30 p.m. by Acting President Dwyer.
2. Consider 02/18/2014 Agenda
Moved by Commissioner Westgaard and seconded by Commissioner Wilson
to approve the agenda. Motion carried 5-0.
3. Consider Consent Agenda
Moved by Commissioner Motin and seconded by Commissioner Burandt to
approve the following consent agenda:
3.1 January 21,2014, 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.
Motion carried 5-0.
4. Open Forum
No one appeared for Open Forum.
5. Public Hearings
None
Economic Development Authority Minutes Page 2
February 18,2014
6.1 Housing Scoring and Tax Increment Financing Policy
6.2 Tax Abatement Policy
6.3 Business Subsidy Policy
Mr. Beeman introduced Mikaela Hout.
Mikaela Hout,Vice President/Consultant, Springsted Incorporated—Reviewed the
policies as outlined in the staff report.
Commissioner Motin expressed concern with the new language regarding the
definition of business subsidy (Section II). He asked that Number 23 also be
incorporated into Number 1 and Number 21 so people reviewing the policy see that
they could still qualify for a business subsidy and may not need a public hearing and
have limited reporting form requirements. He provided an example of someone who
may be applying for a business subsidy of$100,000 that might read Number 1 and
think they would then not qualify for a business subsidy.
Ms. Hout noted the language could be modified to make the change.
Moved by Commissioner Motin and seconded by Commissioner Westgaard
to adopt the Tax Increment Financing Policy, the Tax Abatement Policy, and
the Business Subsidy Policy, incorporating the changes discussed above to
the Business Subsidy Policy. Motion carried 5-0.
6.4 FAST Study Land Purchase
Mr. Barnhart presented the staff report and stated he is looking for direction for
establishing a plan to assist with land acquisitions for future road improvements that
were established as part of the Focus Area Study.
The Commission felt the plan should address questions such as who would maintain
ownership (City versus EDA) of parcels and who is responsible for payment of
them.
Commissioner Motin noted the current parcel for sale is a high priority for future
road development and if not purchased now,it would be much more costly to
purchase later if a building is constructed on it. He further stated the price is
unreasonable based on its valuation. He suggested reviewing the eminent domain
option to take a portion of the parcel.
Staff was directed
1. draft a long range plan to develop funding for acquiring parcels
2. review the Yale parcel that is currently up for sale
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Economic Development Authority Minutes Page 3
February 18,2014
7.1 Hiring of Economic Development Specialist
Mr. Beeman discussed the current interview process for this position and noted the
Council would be the responsible hiring authority.
8. Adjournment
There being no further business,Acting Chair Dwyer adjourned the meeting of the
Elk River Economic Development Authority at 6:02 p.m.
Dan Tveite, EDA President
Tina Allard, City Clerk
PIUEIEI III