3.1. EDSR 09-19-2016Item 3.1
Meeting of the Elk River
Economic Development Authority
Held at the Elk River City Hall
Monday, August 15, 2016
Members Present: President Tveite, Commissioners Burandt, Ovall, 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 5:33 p.m. by President Tveite.
2. Consider 08/15/2016 Agenda
Ms. Othoudt noted two corrections:
1. The date of minutes to be approved on the Consent agenda is July 18, 2016
2. The Member's Present section of the minutes needs to be changed from D)ger
to Ovall.
Moved by Commissioner Wagner and seconded by Commissioner Olsen to
approve the August 15, 2016, agenda as amended. Motion carried 7-0.
3. Consider Consent Agenda
Moved by Commissioner Westgaard and seconded by Commissioner Wagner
to approve the following consent agenda with the changes noted above:
3.1 July 18, 2016, 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.
S. Public Hearings
Economic Development Authority Minutes Page 2
August 15, 2016
There were no public hearing items scheduled for this agenda.
6.1 2017 EDA Budget and Resolutions Establishing EDA Levy
Ms. Othoudt presented the staff report.
Moved by Commissioner Westgaard and seconded by Commissioner Olsen to
approve the 2017 EDA budget as presented. Motion carried 7-0.
Moved by Commissioner Provo and seconded by Commissioner Olsen to
adopt Resolution 16-03 establishing the tax levy for the Elk River Economic
Development Authority for the City of Elk River, Minnesota. Motion carried
7-0.
6.2 Resolution Establishing 2017 Referendum Tax Levy as Approved by
Voters for a Recreational Facility to be Leased to the YMCA
Ms. Othoudt presented Ms. Ziemer's staff report.
Commissioner Provo noted the Authority doesn't have a choice in denying this
resolution and questioned why it needs to be approved every year. He suggested
adopting a resolution that allows for long-term approval.
Chair Tveite stated it is required by law because it is a tax levy, which can't be
approved over a long period of time. He further stated the Authority tracks the
interest rates for refinancing opportunities.
Commissioner Westgaard stated the Authority can't change a tax levy that goes
beyond the Authority's membership service.
Commissioner Ovall questioned where the 5% goes of the 105% being levied.
Ms. Othoudt stated they would need to check with finance staff and get back to the
Authority.
Moved by Commissioner Wagner and seconded by Commissioner Olsen to
adopt Resolution 16-04 establishing the 2016 referendum tax levy as approved
by voters for a recreational facility to be leased to the YMCA. Motion carried
7-0.
6.3 Director's Report
Ms. Othoudt presented the staff report.
7. Announcements
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Economic Development Authority Minutes
August 15, 2016
8. Adjournment
There being no further business, Chair Tveite adjourned the meeting of the Elk
River Economic Development Authority at 5:52 p.m.
Dan Tveite, EDA President
Tina Allard, City Clerk
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