12-21-2015 EDA MIN 4.---- ..,City__. EMeeting of the Elk River
River Economic Development Authority
Held at the Elk River City Hall
Monday, December 21, 2015
Members Present: President Tveite,Commissioners Burandt,Dwyer,Westgaard,Provo,
Olsen,and Wagner
Members Absent: None
Staff Present: Economic Development Director Amanda Othoudt, Economic
Development Specialist Colleen Eddy,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 5:50 p.m. by President Tveite.
2. Consider 12/21/2015 Agenda
Ms. Othoudt added the recognition for Pay Dwyer's years of service to the
commission.
Moved by Commissioner Wagner and seconded by Commissioner Westgaard
to approve the agenda. Motion carried 7-0.
3. Consider Consent Agenda
Moved by Commissioner Westgaard and seconded by Commissioner Burandt
to approve the following consent agenda:
3.1 November 15,2015, 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 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
December 21,2015
6.1 Letter of Intent to Purchase
Ms. Othoudt presented the staff report. She stated this request is an unusual request
and the Authority hasn't considered this in past transactions. She stated it in being
considered,in part,with a larger subsidy agreement. She stated the additional
financial assistance that will be requested at a future date is unknown at this time.
She stated this could set a precedence going forward and is more of a policy decision
at this point. She noted staff could come back at a later date with a new policy for
the sale of EDA owned property to future developers.
Chair Tveite stated brokerage fees have not been paid in the past but it is also not
uncommon in a business scenario for the seller to pay a brokerage fee.
Moved by Commissioner Dwyer and seconded by Commissioner Westgaard
to approve the Letter of Intent for 17565 Tyler Street NW,Elk River. Motion
carried 7-0.
6.2 Metro Transit GoPasses
Ms. Othoudt presented the staff report.
It was consensus of the Commission to donate the GoPasses to various
organizations.
6.3 Satisfaction of Loan Agreement—Alliance Machine
Ms. Othoudt presented the staff report.
Commissioner Provo removed himself from voting on this item as he is the vice
president of Alliance Machine.
Moved by Commissioner Westgaard and seconded by Commissioner Olsen to
adopt Resolution 15-07 approving issuance of a certificate of forgiveness for
Alliance Machine, Inc. Motion carried 7-0.
President Tveite expressed thanks to everyone involved with this great program and
the use of funds.
6.4 Year-end Marketing Update
Ms. Eddy presented the staff report.
6.5 Director's Report
Ms. Othoudt presented the staff report.
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Economic Development Authority Minutes Page 3
December 21,2015
■..... 7. Golden Shovel Kickoff Meeting
Ms. Eddy discussed the kickoff meeting and timeline for the project.
7.2 Recognition of Dwyer
Various commissioners and staff expressed their appreciation for Mr. Dwyer's 25
years of service to the Authority.
Mr. Dwyer stated the work has been enjoyable and the city has always been
procactive and supportive of economic development.
Mayor Dietz thanked Mr. Dwyer for his 25 years of service.
8. Adjournment
There being no further business,President Tveite adjourned the meeting of the Elk
River Economic Development Authority at 6:09 p.m.
•--.=?-�... ---°_31 :
Dan Tveite, EDA P esident
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Tina Allard, City Clerk
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