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4.1. EDA MINUTES (2 SETS) 07-18-2022 Special Joint Meeting of the Elk River Economic Development Authority and Housing and Redevelopment Authority Held at the Elk River City Hall Monday, May 2, 2022 EDA Members Present: President Dan Tveite, Commissioners Garrett Christianson (via Zoom), Matt Westgaard, Mike Beyer, Jennifer Wagner, and Jeff Hartwig HRA Members Present: Chair Larry Toth, Commissioners Denny Chuba, Nate Ovall, Jayme Swenson, and Jennifer Wagner Members Absent: None Also Present: Mayor Dietz, Economic Director Brent O’Neil (via Zoom), EDA Intern Josh Mollan Staff Present: City Administrator Cal Portner and Deputy Clerk/Recording Secretary Jolene Richter 1. Call Meeting to Order Pursuant to due call and notice thereof, the meeting of the Elk River Housing and Redevelopment Authority was called to order at 5:35 p.m. by Chair Toth and the Elk River Economic Development Authority by President Dan Tveite. 2. Placer.Ai Analytics Software Program Demonstration Mr. O’Neil presented the staff report and introduced Placer.Ai. Placer.Ai presented the software demonstration. 3. Adjournment HRA Chair Toth and EDA President Tveite adjourned the meeting at 6:32 p.m. Minutes prepared by Jolene Richter. _____________________ Tina Allard, City Clerk Joint Meeting of Economic Development Authority and Housing and Redevelopment Minutes Page 2 May 2, 2022 ----------------------------- Dan Tveite, EDA President _____________________ Larry Toth, Chair Housing & Redevelopment Authority Meeting of the Elk River Economic Development Authority Held at the Elk River City Hall Monday, May 16, 2022 Members Present: President Dan Tveite, Commissioners Garrett Christianson, Matt Westgaard, Jennifer Wagner, Jeff Hartwig, and Charlie Blesener Members Absent: Commissioner Mike Beyer Staff Present: Economic Development Director Brent O’Neil, Economic Development Intern Josh Mollan, 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. Pledge of Allegiance Pledge of Allegiance was recited. 3. Consider Agenda Mr. O’Neil introduced Economic Development Intern Josh Mollan. Mr. Mollan discussed his education and desire to gain city government experience. Moved by Commissioner Wagner and seconded by Commissioner Westgaard to approve the agenda. Motion carried 6-0. 4. Consider Consent Agenda Moved by Commissioner Westgaard and seconded by Commissioner Christianson to approve the following consent agenda: 4.1 April 18, 2022, regular minutes and April 18, 2022, joint meeting minutes with the Housing and Redevelopment Authority. 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. Economic Development Authority Minutes Page 2 May 16, 2022 ----------------------------- 5. Open Forum No one appeared for Open Forum. 6. Public Hearings There were no public hearing items. 7.1 EDA Committee Updates Mr. O’Neil presented the staff report. 7.2 Placer.ai Software Mr. O’Neil presented the staff report. President Tveite asked if there would be staff time and benefit to having the software. Mr. O’Neil stated with the new intern it would become priority to utilize the product. He discussed product strengths and weakness and questioned the Authority what the measurement would be for the return on the investment. Commissioner Wagner stated there is tremendous benefit for purchasing the product, noting it could help with local retail gaps, such as hotels. She further suggested there could be some in-house traffic study and analysis. Commissioner Christianson had mixed thoughts on the purchase noting companies, like hotels complete their own analysis, but the city could do some of this work for them. He concurred it may be beneficial for some traffic studies. He expressed concerns with the return on investment and a possible request in the future to add more staff to continually utilize the product. He stated he would support the purchase if not locked into a contract for multiple years. Moved by Commissioner Wagner and seconded be Commissioner Christianson to fund a one-year subscription to Placer.ai. Motion carried 6-0. 7.3 Website Reports Mr. O’Neil presented the staff report. He stated Mr. Mollan would be able to provide an outsider perspective in reviewing the website for needed updates. Commissioner Wagner stated she’d like to see the Average Session Duration increased from .50 seconds. Economic Development Authority Minutes Page 3 May 16, 2022 ----------------------------- 7.4 EDA Incentive Programs and Fees Mr. O’Neil presented the staff report. Moved by Commissioner Wagner and seconded by Commissioner Hartwig to approve a modification to the application fees for EDA loan programs in the amount of $500. Motion carried 6-0. 7.5 General Updates Mr. O’Neil presented the staff report. The commission recessed at 6:00 p.m. and reconvened in worksession at 6:02 p.m. 8.1 Existing Microloan Requests: Orluck Industries Mr. O’Neil presented the staff report. He discussed the loan and the possibility in the future to assign it to another company. 9. Adjournment There being no further business, President Tveite adjourned the meeting of the Elk River Economic Development Authority at 6:12 p.m. Dan Tveite, EDA President Tina Allard, City Clerk