10-16-2017 EDA MINMeeting of the Elk River
Economic Development Authority
Held at the Elk River City Hall
Monday, October 16, 2017
Members Present: President Tveite, Commissioners Olsen, Westgaard, Ovall, Wagner,
and Blesener
Members Absent: Commissioner Provo
Staff Present: Economic Development Director Amanda Othoudt, Economic
Development Specialist Colleen Eddy, and City Clerk Tina Allard
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 5:30 p.m. by President Tveite.
2. Consider 10/ 16/2017 Agenda
Ms. Othoudt added a director's report to the agenda.
Moved by Commissioner Westgaard and seconded by Commissioner Olsen to
approve the agenda as amended. Motion carried 6-0.
Consider Consent Agenda
Moved by Commissioner Blesener and seconded by Commissioner Olsen to
approve the following consent agenda:
3.1 September 17, 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 Revenues/expenditures as outlined in the staff report.
3.5 Amendments to the Beautification Award Policy as outlined in the
staff report.
Motion carried 6-0.
4. Open Forum
No one appeared for Open Forum.
Public Hearings
There were no public hearing items scheduled for this agenda.
Economic Development Authority Minutes Page 2
October 16, 2017
6.1 Beautification Award
Ms. Eddy presented the staff report.
Moved by Commissioner Blesener and seconded by Commissioner Olsen to
recognize Landmark Hotel and Extended Stay with an award for making
substantial improvements to the exterior of the building. Motion carried 6-0.
Chair Tveite highlighted Landmark's improvements.
Moved by Commissioner Wagner and seconded by Commissioner Westgaard
to recognize Atlas Staffing Agency with an award for consistently maintaining
their properties in an attractive and well -kept manner. Motion carried 6-0.
Chair Tviete discussed how Atlas has beautified their property.
Chiar Tveite handed out the awards and congratulated both recipients.
Ms. Eddy called out the Beautification Committee and thanked them for their work.
6.2 Directors Report
Ms. Othoudt presented the staff report. She noted the Mayor would like to recognize
Elk River Meats at the next meeting because they were featured on WCCO for
having the best meat sticks in Minnesota.
7.1 BR&E Visits
Ms. Othoudt encouraged the commissioners to attend the Die Concepts business
visit on Friday.
The Commission recessed at 5:42 p.m. in order to go into worksession and
reconvened at 5:45 p.m.
0. � Draft Tax 9ncrement Nnancing Policy
Ms. Othoudt presented the staff report and reviewed the draft policy.
The following modifications were recommended for the policy:
■ Add language that the tax increment finance policy will be consistent with
other plans.
■ Change 20% to 10 % to be consistent with all other policies.
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Economic Development Authority Minutes Page 3
October 16, 2017
Chair Tveite noted an advantage to the previous score sheet application was
developers could see where their shortcomings aligned.
EDA consensus was to move forward with the changes recommended for future
policy adoption.
9. Adjournment
There being no further business, Chau Tveite adjourned the meeting of the Elk
River Economic Development Authority at 6:11 p.m.
Dan Tvcite, EDA P si t
Tina Allard, City Clerk
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