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12-21-2020 EDA MINMeeting of the Elk River Economic Development Authority Held at the Elk River City Hall Monday, December 21, 2020 Members Present: President Dan Tveite, Commissioners Garrett Christianson, Matt Westgaard, Jennifer Wagner, Jeff Hartwig, and Charlie Blesener Members Absent: Commissioner Nate Ovall Staff Present: City Administrator Cal Portner, Economic Development Specialist Colleen Eddy, and Deputy Clerk Jessica Miller 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 5:30 p.m. by President Tveite. 2. Pledge of Allegiance Pledge of Allegiance was recited. 3. Consider Agenda Moved by Commissioner Westgaard and seconded by Commissioner Wagner to approve the agenda. Motion carried 6-0. 4. Consider Consent Agenda Moved by Commissioner Wagner and seconded by Commissioner Hartwig to approve the following consent agenda: 4.1 EDA Minutes ■ November 9, 2020, Special ■ November 16, 2020, Regular 4.2 Check register as outlined in the staff report. 4.3 Balance sheet as outlined in the staff report. 4.4 Revenue/expenditure report as outlined in the staff report. 4.5 EDA Loan Report as outlined in the staff report. 4.6 Subordination Agreement for Alan Arnold Corporation Yankee Doodle Enterprises, LLC dba Ralphies Victory Lane. Motion carried 6-0. S. Open Forum Economic Development Authority Minutes December 21, 2020 No one appeared for Open Forum. 6. Public Hearings There were no public hearing items. 7.1 Morrell Companies Microloan Extension Ms. Eddy presented the staff report. Mikaela Huot, director at Bakertilly, provided an overview of the loan. Page 2 Moved by Commissioner Blesener and seconded by Commissioner Christianson to adopt resolution 20-13 approving the amendment of loan terms for Scott Morrell, LLC. and authorization to execute the amended loan documents. Motion carried 6-0. 7.2 COVID-19 Small Business Emergency Microloan Program Ms. Eddy presented the staff report. Moved by Commissioner Wagner and seconded by Commissioner Christianson to adopt resolution 20-14 approving the conversion of the COVID-19 Small Business Emergency Microloan Program from a payable loan to a forgivable loan. Motion carried 6-0. President Tveite indicated one of the applicants benefiting from this is Anytime Fitness in Elk River. He disclosed he owns an Anytime Fitness in Princeton but has no affiliation with the Elk River location. 7.3 Together Elk River Campaign Update Ms. Eddy provided an update on the Together Elk River campaign. The EDA viewed the holiday message from the local businesses. President Tveite thanked Commissioner Wagner for her work on the Together Elk River program on behalf of the EDA and Council. He stated he believes it is a tremendous program and has been well received by the community. 7.4 Strategic Plan Discussion Ms. Eddy presented the staff report. Tom Leighton, Project Manager at Stantec, provided an overview of the current Strategic Plan. P I! E I E I 11 NATUR Economic Development Authority Minutes December 21, 2020 Page 3 Commissioner Westgaard indicated goal #4 supporting businesses through COVID is important right now but he's not sure the economic events happening now will be pertinent in 10 years. He added he likes goals 1-3 and believes this is a nice work plan for the EDA. Councilmember Wagner stated she would like to see goal #2 taken a step further and possibly identify which groups or associations we have not reached. She noted she would like to explore if other communities are using social media more for marketing. Commissioner Wagner questioned if Mr. Leighton believes the Together Elk River initiative can continue through the 169 Redefine or does the city need to come up with a fresh initiative. Mr. Leighton believes the Together Elk River Initiative is appropriate for the 169 Redefine as its mission is to encourage people to shop locally. He added that is exactly the message needed during the 169 Redfine as businesses will have reduced access and the Together Elk River campaign will help raise the profile for those businesses. He added the city may find the program continues to have value and adapt as other things happen in Elk River. Commissioner Blesener recalled discussion under goal #2 where it talks about land availability being the key element or obstruction for success or failure for developing more properties and new business. He also recalled discussion about having a coherent vision and end use plan. He added those are strong words and he stated that is what the EDA is trying to get at. He would like to see anything that preserves the intent of the vision over time included and he found those to be critical elements to that discussion and believes it may be reflected under the second goal but just not in those words. Commissioner Blesener stated he believes goal #3 seems like it could use a little more flushing out relating to supporting businesses and outreach. He added the other side of that is the opportunities presented with the redefine, including aesthetics. He recalls discussing lighting and wayfinding and believes it may be included but underreported. Mr. Leighton indicated that item may have dropped off and can be added back. Commissioner Blesener also discussed the importance of having the EDA represented at the table during the 169 Redefine. Mr. Leighton indicated having EDA staff participate in the meetings with MnDOT could be added as sub bullet under the third goal. Mr. Blesener explained it doesn't necessarily have to be EDA staff present at the meetings but maybe just EDA or economic development staff communicating with the city staff who are present. President Tveite recognized Commissioner Ovall for the effort and value he brought to the Economic Development Authority. P 0 V F R I I al 'NATURE Economic Development Authority Minutes December 21, 2020 B. Adjournment Page 4 There being no further business, President Tveite adjourned the meeting of the Elk River Economic Development Authority at 6:06 p.m. Minutes prepared by Jessica Miller. an Tveite, DA President Tina Allard, City Clerk p01ENEi I MATURE