01-26-2021 JFC MINMeeting of the Elk River Joint Finance Committee
Held at Elk River City Hall
Tuesday, January 26, 2021
Members Present: Ryan Hardin, Charlie Blesener, Rhonda Magnussen, Dan Tveite, Chad
Vitzthum, Nate Ovall, Larry Toth, and Denny Chuba
Members Absent: None
Staff Present: Colleen Eddy, Economic Development Specialist and Zack Carlton,
Planning Manager
Others Present: Tim Dolan, Decklan Group
I . Call Meeting to Order
Pursuant to due call and notice thereof, the meeting of the Elk River joint Finance
Committee was called to order by Dan Tveite at 7:30 a.m.
2. Consider Agenda
Motion by Toth and seconded by Vitzthum to approve the Joint Finance Committee
agenda. Motion carried 7-0.
3. Consent Agenda
Motion by Blesener and seconded by Vitzthum to approve the December 29, 2020
Joint Finance Committee meeting minutes. Motion carried 7-0.
4.1 Resolution regarding the support of a JCF Application for Sportech, LLC.
Ms. Eddy presented the staff report. The committee discussed the letter of support and
asked Mr. Dolan several questions regarding the proposed Sportech expansion. There is
enough room on the current site to accommodate the proposed 91,000 sq. ft. expansion.
Sportech is proposing adding 53 new jobs in the first year.
Motion by Toth and seconded by Vitzthum to recommend to the EDA approval of
the Letter of Support the Job Creation Fund Grant for Sportech, LLC. Motion carried
7-0.
Mr. Dolan stated that Sportech LLC. was also submitting a Tax Abatement application. The
group will need to schedule a special meeting to discuss the application, once it is received.
4.2 COVID Small Business Emergency Loan application for Mystery Chambers
Ms. Eddy presented the staff report and the Mystery Chambers loan application. The
committee had several questions regarding the application, that was not clear in the
documents Mystery Chambers provided. The committee directed staff to request and obtain
more documentation on the lease (current one expires at the end of April 2021), who would
carry the loan note, financial reports for Mystery Chambers, and the Articles of
Incorporation for Titan Industries and Mystery Chambers. Once the documents are received
a special meeting will be scheduled to discuss the application.
5.1 Announcements
No announcements
6. Adjournment
There being no further business, Mr. Tveite adjourned the meeting at 8:00 a.m.
Minutes prep e -A by Colleen Eddy.
Tina Allard
City Clerk
Y --
Cal Portner
EDA Executive Director