4.1. DRAFT EDA MINUTES 06-21-2021 VA
City of
Elk Meeting of the Elk River
River Economic Development Authority
Held at the Elk River City Hall
Monday, May 17, 2021
Members Present: President Dan Tveite, Commissioners Garrett Christianson, Matt
Westgaard, Mike Beyer,Jennifer Wagner,Jeff Hartwig, and Charlie
Blesener
Members Absent: None
Staff Present: City Administrator Cal Portner,Economic Development Specialist
Colleen Eddy, Planning Manager Zack Carlton, and Records
Specialist Katie Porath
1. Call Meeting to Order A el
Pursuant to due call and notice thereof, the meeting of the Elk River Economic
Development Authority was called to order at 5:36 p.m. by President Tveite.
2. Pledge of Allegiance
Pledge of Allegiance was recited.
3. Consider Agenda
Moved by Commissioner Wagner and seconded by Commissioner Westgaard
to approve the agenda.
Motion carried 7-0.
4. Consider Consent Agenda
Moved by Commissioner Blesener and seconded by Commissioner Beyer to
approve the following consent agenda:
4.1 April 19, 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 7-0.
S. Open Forum
No one appeared for Open Forum.
Economic Development Authority Minutes Page 2
May 17,2021
6. Public Hearings
There were no public hearing items.
7.1 Utility and Roadway Extension Agreement with Cargill
Mr. Carlton presented the staff report.
Commissioner Blesener asked if the City would have to bond for the amount or if
the City had the money on hand.
Mr. Carlton stated that the money was available through various funds.
Moved by Commissioner Christianson and seconded by Commissioner
Westgaard to approve the use of Economic Development Authority funds to
facilitate extension of 168" Circle and the associate utilities through Cargill
property down to 165`h Ave.
Motion carried 7-0.
7.2 F&M Properties, LLC. (Die-Concepts) Microloan Extension
Ms. Eddy presented the staff repor
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Commissioner Blesener noted that mcroloans are five-year loans but contain
language allowing for an extension of the loan by two years. This was deemed a
routine matter by the Joint Finance Committee.
Moved by Commissioner Blesener and seconded by Commissioner Hartwig
to approve Resolution 21-02 approving the amendment of loan terms for F&M
Properties, LLC (Die-Concepts) and authorization to execute the amended
loan documents.
Motion carried 7-0.
7.3 Public Art Initiative Update
Ms. Eddy presented the staff report.
The Bank of Elk River contributed $2,500 and Kevin Gleitz Agency contributed
$500. There has also been interest in contributing smaller amounts from a couple
organizations.
Commissioner Wagner stated that additional funding could be potentially used for
lights or for the next public arts exhibit.
p 0 W I R 1 9 ® Y
NATURE
Economic Development Authority Minutes Page 3
May 17,2021
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7.4 Together Elk River Campaign Update
Ms. Eddy presented the staff report.
Commissioner Wagner stated that a business survey would be sent to Elk River
businesses to determine if an "open during construction" sign would be beneficial
for their business. If they felt it would be useful,the City would print and distribute
these signs.
Commissioner Blesener suggested creating a series of signs going along Highway 10
or Highway 169 to show people driving through that Elk River is a fun community
with a sense of humor. The signs could be modeled after "Burma-Shave" ads which
were popular in the 1920s to 1960s to display a ser es cif xxessages that Elk River was
still open for business despite the construction.
8. AdjournmentN'
There being no further business, Presi`°ent Tveite adjourned the meetng'of the Elk
River Economic Development Authority at 5:50 p.m.
Minutes prepared by Katie Porath.
Dan Tveite,EDA President
Tina , City
1`4M VR