6.4 EDSR 10-17-2016
Request for Action
ToItem Number
Economic Development Authority6.4
Agenda Section Meeting DatePrepared by
General BusinessOctober 17, 2016Amanda Othoudt, EDD
Item Description
Reviewed by
Directors ReportCal Portner, City Administrator
Reviewed by
Action Requested
Information presented for discussion onlyin effort to keep the EDA updateddevelopment activity.
Background/Discussion
BUSINESS VISITS
18 Business visits have been completed to date with one more on the horizon.ed E.H. Renner
& Sons, Inc. with Nate Ovall and Larry Toth. The group met with Ed Renner. EH Renner and Sons has
been doing well drilling for five generations. They have been at their current site since 1983 and will be
celebrating their 100th Anniversary later this year!
Our next business retention visit is scheduled with Elk River Machine on Thursday, Oct. 13 at 10 a.m.
MISCELLANEOUS
Die Concepts, Inc.
This project is moving along. See the attached progress photos.
Quad County Meeting
CMJTS received notice that they were awarded a 50/50 Federal matching grant of $47,005 this past week
to complete the regional CEDS plan.
MN Manufacturing Week
In recognition of MN Manufacturing Week, Colleen, Debbi Rydberg, Nick Zer
visited the following manufacturers: Classic Acrylics, Alliance
Powder Coating, Sportech, MetalCraft, Fairbault Foods, Orluck Inustries, and Distinctive Iron. The
visits were very informal and utilized as a check in to see how
Joplin Property Project
I have received the signed and filed order from the Honorable Ju
interest in the remnant parcels of the Joplin property project. Immediate
hearing on September 1, the city filed an order authorizing serv
County court. The publication will be noticed in the local paper for three weeks to identify any additional
potential heirs of the property who have possible ownership inte
personal service. Additionally, the order was approved appointin
Timothy Young, James Smerdon and Mel Beaudry to verify the appraised val
The land commissioners have moved the hearing from October 3, 2016 toOctober 20, 2016 at 8:00AM.
The city continues to move forward with acquiring the Right-Of-Way from MnDOT.
Revolving Loan Fund Balance Reports
At the request of the members, a copy of the Revolving Loan Fund
Financial Impact
None
Attachments
Revolving Loan Fund Balance Report (September 28, 2016)
Progress Photos for Die Concepts (October 13, 2016)
Die Concepts, Inc.
Progress Photos 10/13/2016