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04-17-2023 EDA MINMeeting of the Elk River Economic Development Authority '' Held at the Elk River City Hall ver Monday, April 17, 2023 Members Present: President Dan Tveite, Commissioners Cory Grupa, Matt Westgaard, Mike Beyer (5:33 p.m.), Jennifer Wagner, Jeff Hartwig, and Charlie Blesener Members Absent: None Staff Present: Economic Development Director Brent O'Neil, Economic Development Specialist Joshua Mollan, and Records Specialist Katie Porath 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 Mr. O'Neil stated that Item 6.1 be removed from the agenda due to the purchase offer being withdrawn. He also commented that the City Council had a meeting at 5:55 p.m. Moved by Commissioner Westgaard and seconded by Commissioner Blesener to approve the agenda, as amended. Motion carried 7-0. 4. Consent Agenda Moved by Commissioner Blesener and seconded by Commissioner Grupa to approve the following consent agenda: 4.1 EDA Meeting Minutes: ■ March 20, 2023, Regular. ■ April 10, 2023, Closed. 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 Approve Agreement with OrangeBall Creative for services in 2023. Motion carried 7-0. Economic Development Authority Minutes April 17, 2023 S. Open Forum No one appeared for Open Forum. 6.1 170" Street Land Sale This item was removed from the agenda. 7.1 Tax Abatement Request — Harvest Reaper/Beaudry Oil Mr. O'Neil presented the staff report. Page 2 Mikaela Huot, Baker Tilly, gave a presentation on the tax abatement amounts. President Tveite commented that the Joint Finance Committee was in favor of the project. Moved by Commissioner Grupa and seconded by Commissioner Hartwig to recommend the attached tax abatement application from Beaudry Oil to the City Council for approval. Motion carried 7-0. Commissioner Wagner thanked Ken Beaudry for staying in Elk River and bringing more jobs. 7.2 General Updates Mr. O'Neil presented the staff report. The group picture will be deferred to the May meeting. Marcus Theater is closing in April 2023. Mr. O'Neil is attempting to determine if there are issues with the property, location, or other factors. Due to time constraints, President Tveite proposed moving Item 9.1 to the May 15, 2023, EDA meeting. 9.1 Park Land This item was moved to May 15, 2023, EDA meeting. 10. Motion to Adjourn Moved by Commissioner Wagner and seconded by Commissioner Beyer to adjourn the meeting of the Economic Development Authority. Motion carried 7-0. The meeting was adjourned at 5:55 p.m; NATUREI Economic Development Authority Minutes April 17, 2023 Minutes prepared by Katie Porath. Dan Tveite, EDA President Tina d, City Clerk Page 3 p 0 w E R E 0 RY IN"ATUREI