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4.1. DRAFT MINUTES (2 SETS) 03-18-2019 Special Meeting of the Elk River Economic Development Authority Held at the Elk River City Hall Tuesday, February 19, 2019 Members Present: President Dan Tveite, Commissioners Garrett Christianson, Matt Westgaard, Nate Ovall (4:35 p.m.), and Jennifer Wagner Members Absent: Commissioners Bryan Provo and Charlie Blesener Staff Present: Economic Development Director Amanda Othoudt, Economic Development Specialist Colleen Eddy, Elk River Municipal Utilities Conservation and Key Account Manager Tom Sagstetter, and City Clerk Tina Allard 1. 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 4:30 p.m. by President Tveite. 2. Work Session-Energy Incentive Program Ms. Othoudt presented the staff report. She reviewed the Economic Development Energy Incentive Program Policy and discussed goals, requirements, and annual Payment in Lieu of Taxes (PILOT) as outlined in her presentation. She stated this would be a unique incentive tool not utilized in other cities. The commission discussed whether the program should be for any types of businesses who can meet the policy requirements or strictly for data centers. They also discussed job creation criteria. The commission questioned if data centers needed more incentives. Ms. Othoudt reviewed past projects along with their job creation, taxes and economic output. She noted job creation numbers can vary based on the business type. Chair Tveite feels the underlying goal is to attract larger manufacturers. Commissioner Ovall questioned the need for a lengthy application and review process. He stated he preferred an auto-eligibility process whereby a staff checklist could be utilized. He asked is the juice worth the squeeze because an applicant doesn’t want to go through a lengthy process when they don’t know exactly what they’re getting. He further commented some of the incentive amounts suggested in the draft program seems nominal. Economic Development Authority Minutes Page 2 February 19, 2019 ----------------------------- President Tveite felt an executed agreement should be required so the applicant knows the parameters prior to reimbursement or reclamation of incentives. Ms. Othoudt stated there is a need for some form of application for recording purposes and criteria measurement. She expressed state reporting concerns. She stated the EDA attorney could draft template documents to minimize costs. Mr. Sagstetter reviewed the eligibility timeline map. The commission concurred a graduated scoring formula should be established for job creation criteria. Sherburne County Assistant Administrator Dan Weber stated having a program incentive would score Elk River at a higher ranking to obtain a data center. Mr. Sagstetter stated when undergoing bonding review, data centers can affect a rating negatively and there may need to be a balance as to how many should be allowed. He questioned if the city wants to add any more sites besides the current shovel ready site. He noted twenty percent of Elk River Municipal Utilities current consumption is used by data centers. President Tveite noted formatting issues under the Eligible Businesses section and the need to segregate the criteria. The EDA concurred they would like to have the attorney evaluate the need for an application and approval process and this matter would come back to another work session. 3. Adjournment There being no further business, President Tveite adjourned the meeting of the Elk River Economic Development Authority at 5:21 p.m. Dan Tveite, EDA President Tina Allard, City Clerk Meeting of the Elk River Economic Development Authority Held at the Elk River City Hall Tuesday, February 19, 2019 Members Present: President Dan Tveite, Commissioner Garrett Christianson, Matt Westgaard, Nate Ovall (5:31 p.m.), and Jennifer Wagner Members Absent: Commissioner Bryan Provo and Blesener Staff Present: Economic Development Director Amanda Othoudt, Economic Development Specialist Colleen Eddy, and City Clerk Tina Allard 1. 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 Agenda Moved by Commissioner Westgaard and seconded by Commissioner Wagner to approve the agenda. Motion carried 4-0. 3. Consider Consent Agenda Moved by Commissioner Wagner and seconded by Commissioner Christianson to approve the following consent agenda: 3.1 January 22, 2019, 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 and Expenditures as outlined in the staff report. Motion carried 4-0. 4. Open Forum No one appeared for Open Forum. 5. Public Hearings There were no public hearing items. Economic Development Authority Minutes Page 2 February 19, 2019 ----------------------------- 6.1 Director’s Report Ms. Othoudt presented the staff report. 6.2 Public Art Ms. Othoudt presented the staff report. Commissioner Westgaard stated he supports the imitative. He discussed the timing of the process and suggested a contingency plan if there are no grants of funds remaining in the budget. President Tveite would like to set a maximum expenditure level. Consensus of the commission is to move forward with a public art project. 6.3 EDA Bylaw Amendments Ms. Othoudt presented the staff report. She asked for clarification on the Pledge of Allegiance and the roles of the treasurer and secretary noting most of this work is done be staff. She suggested appointing the executive director as treasurer and secretary role. The commission concurred with the bylaw changes as noted in the staff report, with the Pledge added to the agenda but not to the bylaws, and for the executive director to serve as the treasurer and secretary. 7. Announcements There were no announcements. 8. Adjournment There being no further business, President Tveite adjourned the meeting of the Elk River Economic Development Authority at 5:53 p.m. Dan Tveite, EDA President Tina Allard, City Clerk