3.1a EDSR 05-16-2016 DRAFT MIN Item 3.1a
Special Meeting of the Elk River
Economic Development Authority
City Held at Elk River City Hall
El
Monday, April 18, 2016
River
Members Present: President Tveite,Commissioners Burandt,Dwyer,Westgaard,Olsen,
and Wagner
Members Absent: Commissioner Provo
Staff Present: Economic Development Director Amanda Othoudt,Economic
Development Specialist Colleen Eddy,City Attorney Peter Beck,and
City Clerk Tina Allard
Also Present: Attorney Doug Shafatel(5:19 p.m.)
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 5:00 p.m. by President Tveite.
President Tveite stated the EDA will be holding a closed meeting per MN Statute
§13D.05,subdivision 3(c) to consider an offer to purchase real property,Lot 2,
Block 1 Fox Haven Commercial.
2. Adjourn Regular Meeting
President Tveite adjourned the regular meeting at 5:01 p.m.
3. Closed Meeting
Moved by Commissioner Olsen and seconded by Commissioner Burandt to
turn down the purchase agreement offer based on the following:
1. Offer is substantially below appraised value.
2. This type of project is not a business subsidy candidate,which would
be triggered by this purchase.
3. EDA is looking for different use (more density or more intense retail)
Motion carried 6-0.
There being no further business,President Tveite adjourned the closed meeting of
the Elk River Economic Development Authority at 5:21 p.m.
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City Council Minutes Page 2
April 18,2016
Dan Tveite,President
Tina Allard,City Clerk
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