Loading...
4.1. EDA DRAFT MINUTES 04-19-2021 VA City of Elk Meeting of the Elk River River Economic Development Authority Held at the Elk River City Hall Monday, March 15, 2021 Members Present: President Dan Tveite, Commissioners Garrett Christianson, Matt Westgaard, Mike Beyer,Jennifer Wagner, and Charlie Blesener Members Absent: Commissioner Hartwig Staff Present: City Administrator Cal Portner, Economic Development Specialist Colleen Eddy, Planning Manager Zack Carlton (via Zoom), and Deputy Clerk Jessica M/e , I. Call Meeting to Order Pursuant to due call and notice thereothe 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 recitedt 3. Consider Agenda Moved by Commissioner" eyer an' seconded by Commissioner Wagner to approve the agenda. Motion carried 6-0. 4. Consider Consent Ag da Moved by Commissioner Wagner and seconded by Commissioner Blesener to approve the following consent agenda: 4.1 February 16, 2021, Minutes. 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. Motion carried 6-0. S. Open Forum No one appeared for Open Forum. Economic Development Authority Minutes Page 2 March 15,2021 ----------------------------- 6. Public Hearings There were no public hearing items. 7.1 Public Art Initiative Funding Ms. Eddy presented the staff report. 7.2 COVID-19 Small Business Emergency Microloan Application Ms. Eddy presented the staff report. Moved by Commissioner Wagner and seconded by Commissioner Christianson to approve the COVID-19 Small Business Emergency Microloan Application for Mystery Chambers. Motion carried 6-0. Moved by Commissioner Westgaard and seconded by Commissioner Beyer to adopt Resolution 21-01 approving COVID Loan Forgiveness. Motion carried 6-0. 7.3 Together Elk River Campaign Update Ms. Eddy presented the staff report. Commissioner Wagner provided an update, 7.4 Marketing Updat Ms. Eddy presented the marketing update as outlined in her staff report. The EDA recessed at 5:41 p.m. to go in to work session. The meeting reconvened at 5:42 p.m. 8.1 168`" Avenue Extension Mr. Carlton presented the staff report and indicated staff have been working together to find additional business park property and may have found a site via partnership with Cargill. He explained that 168t1i Circle ends in a cul-de-sac and the city has been in discussions with Cargill about a potential extension for years. Cargill is looking to make improvements on their parcel,which has renewed conversations about the road extension. Improvements would include a new city street connection with 165"'Avenue as well as city sewer and water,which would extend beyond Cargill's property along 165`x'Avenue. The partnership would allow the city to plat three business park lots and one additional lot for an electrical substation and p 0 W I R 1 9 ® Y NATURE Economic Development Authority Minutes Page 3 March 15,2021 ----------------------------- ponding. Mr. Carlton stated he would like to get preliminary feedback from the EDA prior to continuing discussions with Cargill. He explained preliminary cost estimates are $2.75 million. He noted the EDA Development Fund has a $3 million balance,but staff s goal would be to recoup all costs through sale of the business park lots. The EDA questioned how lot sizes were determined. Mr. Carlton explained lot sizes were established based on previous interest,but they can be modified as needed. He indicated the challenge with smaller lots would be the additional infrastructure required to service the parcels. Commissioner Wagner questioned the status of the Twin Lakes Road connection to Highway 10 as she believes that would provide a considerable increase in the value of this project. Mr. Carlton explained the city is working with MnDOT to complete an Access Management Study along Highway 10 which should be completed by the end of the year and provide a timeline for the connection. Commissioner Wagner stated the extension to 165`x'will become heavily used for traffic going to the Youth Athletic Complex and questioned if the amount and types of traffic have been reviewed. Mr. Carlton indicated the road will be designed appropriately for all users. He noted part of Caro's interest in completing this project is to provide their employees with safer, access to Highway 10. EDA consensus is to move forwar 'with s projet" d discussions with Cargill. Staff will return on April 19, 2021,with an update. 9. Adjournment There being no further business, President Tveite adjourned the meeting of the Elk River Economic Development Authority at 5:57 p.m. Minutes prepared by Jessica Miller. Dan Tveite,EDA President Tina Allard, City Clerk UREJ