3.1A EDSR 05-15-20107 DRAFT MINMeeting of the Elk River
Economic Development Authority
Held at the Elk River City Hall
Monday, April 17, 2017
Members Present: President Tveite, Commissioners Provo, Olsen, Westgaard, Ovall
(5:37 p.m.), Wagner, and Blesener
Members Absent: None
Staff Present: Economic Development Director Amanda Othoudt, Eco
Development Specialist Colleen Eddy, and Executive
Secretary/Deputy City Clerk Jessica Miller
1.Call Meeting to Order
Pursuant to due call and notice thereof, the meeting of the Elk
Development Authority was called to order at 5:30 p.m. by President Tveite.
2.Consider 04/17/2017 Agenda
Moved by Commissioner Wagner and seconded by Commissioner Westga
to approve the April 17, 2017, agenda. Motion carried 6-0.
3.Consider Consent Agenda
Moved by Commissioner Blesener and seconded by Commissioner Wagner to
approve the following consent agenda:
3.1 March 20, 2017, 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 6-0.
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
April 17, 2017
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6.1 Microloan Policy
Ms. Othoudt presented her staff report.
(Commissioner Ovall arrived 5:37 p.m.)
Commissioner Blesener indicated the policy states micro-brewery loans are only
available to business and property owners in the Downtown Area a
intent was to amend the policy to include micro-brewery loans anywhere within the
city limits. Ms. Othoudt stated that is an error and she will co
micro-brewery loans within city limits.
Moved by Commissioner Olsen and seconded by Commissioner Westgaard to
approve the amended Economic Development Authority Microloan Fund
Program Policy. Motion carried 7-0.
6.2 Jobs Incentive Microloan Policy
Ms. Othoudt presented her staff report.
Moved by Commissioner Blesener and seconded by Commissioner Olsen to
approve the Economic Development Authority Jobs Incentive Microloan
Program and Policy. Motion carried 7-0.
6.3 Tax Abatement Policy
Ms. Othoudt presented the staff report.
Moved by Commissioner Westgaard and seconded by Commissioner
Blesener to approve the amended Economic Development Authority Tax
Abatement Policy and Application. Motion carried 7-0.
6.4 Beautification Policy Ï Revised
Ms. Othoudt presented the staff report.
Moved by Commissioner Wagner and seconded by Commissioner Olsen
approve the revised Economic Development City Beautification Policy.
Motion carried 7-0.
6.5 DirectorÔs Report
Ms. Othoudt presented her directorÔs report.
7. Announcements
There were no announcements.
Economic Development Authority Minutes Page 3
April 17, 2017
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The EDA recessed into work session at 5:51p.m. The meeting reconvened at 5:54 p.m.
8.1 TIF Policy Discussion
EDA Attorney Jenny Bolton was also present for the discussion.
Ms. Othoudt presented the staff report. The Economic Developmen
reviewed the Tax Increment Financing Policy and Application as well as the TIF
Scoring Worksheet for non-housing projects for consistency with EDA objectives
and goals and suggested changes.
Ms. Othoudt explained the EDA Finance Committee and Housing and
Redevelopment Authority have discussed adding bonus points to th
sheet for redevelopment projects. EDA consensus was to include b
redevelopment.
Commissioner Westgaard noted he does not want to see the policy
pushing current businesses out for redevelopment. Ms. Othoudt indicated she will
work with EDA Attorney Jenny Boulton and EDA Financial Advisor M
on the policy revisions.
8.2 Finance Committee
Ms. Othoudt presented the staff report.
President Tveite stated he believes there is overlap in policies and agrees establishing
a Joint Finance Committee would be beneficial. He suggested allo
EDA Finance Committee to recommend the structure of the new Joint Finance
Committee for consideration by the EDA and HRA.
9. Adjournment
There being no further business, Chair Tveite adjourned the meeting of the Elk
River Economic Development Authority at 6:27p.m.
Minutes prepared by Jessica Miller.
Dan Tveite, EDA President
Tina Allard, City Clerk