3.1b EDSR 04-20-2015 EDA MIN DRAFT
Item 3.1b
Meeting of the Elk River
Economic Development Authority
Held at the Elk River City Hall
Monday, March 16, 2015
Members Present: President Tveite, Commissioners Burandt, Dwyer, Westgaard, Provo,
Olsen, and Wagner
Members Absent: None
Staff Present: Community Operations and Development Director Jeremy Barnhart,
Economic Development Specialist Colleen Eddy, City Attorney Peter
Beck and Recording Secretary/Senior Administrative Assistant
Jennifer Johnson
1.Call Meeting to Order
Pursuant to due call and notice thereof, the meeting of the Elk
Development Authority was called to order at 6:15 p.m. by President Tveite.
2. Consider 03/16/2015 Agenda
Moved by Commissioner Westgaard and seconded by Commissioner Pro
approve the March 16, 2015, agenda. Motion carried 7-0.
3. Consider Consent Agenda
Moved by Commissioner Wagner and seconded by Commissioner Burandt to
approve the following consent agenda:
3.1 February 17, 2015, Regular
February 17, 2015, Closed
3.2 Check register as outlined in the staff report.
3.3. Balance sheet as outlined in the staff report.
3.4 Revenue/expenditure reportas outlined in the staff report.
Motion carried 7-0.
4. Open Forum
No one appeared for Open Forum.
5. Public Hearings
There were no public hearing items scheduled for this agenda.
Economic Development Authority Minutes Page 2
March 16, 2015
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6.1 Lots 1 and 2, Block 2, Natures Edge Business Center Second Addition
Chair Tveite presented the staff report. He stated based upon the discussions the
authority had regarding the applicantÔs proposed purchase agreem
no reimbursement to the cityÔs development fund that this would jeopardize future
development within the city. He requested staff work with the ap
win-win scenario for both parties, noting the importance of ensu
continues to do business in the city. He stated the city wishes to remain positioned to
do future development as well as continue growing current develo
Commissioner Westgaard agreed and expressed the authorityÔs desire to retain the
business in the city.
Commissioner Provo noted the positive impact of extending the ro
Highway 10 at a cost of $2 million dollars and confident staff could create a potential
abatement package to create an offer that benefited both the app
future development plans.
6.2 Lots 1 and 2, Block 1, Natures Edge Business Center Second Addition
Chair Tveite presented the staff report. He stated the authority was comfortable with
the proposal as presented and gave staff direction to proceed with the purchase
agreement along with the contingencies that are associated with
Moved by Commission Westgaard and seconded by Commissioner Dwyer to
accept the purchase agreement and authorize signing of such as presented in
the staff report for the purchase of Lots 1 and 2, Block 1, Natures Edge
Business Center Second Addition.
Motion carried 7-0.
6.3 Lot 1, Block 2, Natures Edge Business Center
Chair Tveite presented the staff report. He stated the authority was comfortable with
the proposal as presented and gave staff direction to proceed with signing the
purchase agreement along with the contingencies that are associated with it.
Moved by Commissioner Dwyer and seconded by Commissioner Burandt to
accept the purchase agreement and authorize signing of such as presented in
the staff report for the purchase of Lot 1, Block 2, Natures Edge Business
Center.
Motion carried 7-0.
7. Announcements
There were no announcements.
Economic Development Authority Minutes Page 3
March 16, 2015
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8. Adjournment
There being no further business, Chair Tveite adjourned the meeting of the Elk
River Economic Development Authority at 6:20 p.m.
Minutes prepared by Jennifer Johnson.
Dan Tveite, EDA President
Tina Allard, City Clerk