01-16-2024 EDA MIN1 Meeting of the Elk River
Economic Development Authority
td�vmwl*� Held at the Elk River City Hall
ver Tuesday, January 16, 2024
Members Present: President Dan Tveite, Commissioners Cory Grupa, Matt Westgaard, Mike Beyer,
Jennifer Wagner, Jeff Hartwig, and Charlie Blesener
Members Absent: None
Staff Present: Economic Development Director Brent O'Neil, Economic Development Specialist
Joshua Mollan, and Deputy Clerk/Recording Secretary Jolene Richter
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
Moved by Commissioner Westgaard and seconded by Commissioner Wagner to approve the
agenda.
Motion carried 7-0.
4. Consent Agenda
Moved by Commissioner Blesener and seconded by Commissioner Beyer to approve the
following consent agenda:
4.1 December 18, 2023, Regular Meeting 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.
4.5 2024 Meeting Schedule as outlined in the staff report.
Motion carried 7-0.
S. Open Forum
No one appeared for Open Forum.
6. Public Hearings
There were no public hearings.
Economic Development Authority Minutes
January 16, 2024
7.1 Annual Election of Officers
Page 2
Mr. Mollan presented the staff report. He asked the commissioners to nominate and appoint the new
officers. He stated the 2023 officers were as follows, with the Secretary and Assistant Treasurer being
delegated to the Executive Director per the bylaws:
President — Dan Tveite
Vice President — Mike Beyer
Treasurer — Jeff Hartwig
Moved by Commissioner Blesener and seconded by Commissioner Westgaard to appoint
Dan Tveite as the EDA President for 2024.
Motion carried 7-0.
Moved by Commissioner Westgaard and seconded by Commissioner Wagner to appoint
Mike Beyer as the EDA Vice President for 2024.
Motion carried 7-0.
Moved by Commissioner Wagner and seconded by Commissioner Beyer to appoint Jeff
Hartwig as the EDA Treasurer for 2024.
Motion carried 7-0.
7.2 Committee Appointments
Mr. Mollan presented the staff report. He asked the commissioners to designate new officers to the
three committees. In 2023, the commissioners who served on the committees were as follows:
EDA-HRA Joint Finance Committee
Dan Tveite
Charlie Blesener
Together Elk River Committee
Jennifer Wagner
Charlie Blesener
Beautification and Public Art Committee
Dan Tveite
Jennifer Wagner
Moved by Commissioner Beyer and seconded by Commissioner Westgaard to designate the
current commissioners to stay on their respective committees as listed for 2023.
Motion carried 7-0.
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Economic Development Authority Minutes Page 3
January 16, 2024
7.3 Review of Enabling Resolution
Mr. Mollan and Mr. O'Neil presented the staff report.
7.4 Review Bylaws
Mr. O'Neil presented the staff report.
Moved by Commissioner Westgaard and seconded by Commissioner Hartwig to adopt
Resolution 24-01 approving amendments to the EDA bylaw as outlined in the staff report.
Motion carried 7-0.
7.5 Die Concepts Loan Pay-off
Mr. O'Neil presented the staff report.
Moved by Commissioner Grupa and seconded by Commissioner Wagner to approve the pay-
off amount for the EDA loan to Die Concepts as outlined in the staff report.
Motion carried 7-0.
7.6 Real Estate Services Agreement
Mr. O'Neil presented the staff report.
Moved by Commissioner Westgaard and seconded by Commissioner Hartwig to approve the
amendment to the brokerage listing agreement between the EDA and Hardin Companies as
outlined in the staff report.
Motion carried 7-0.
7.7 General Updates
Mr. O'Neil provided updates on the following:
Mr. O'Neil has information regarding Economic Development organizations and the way they
categorized them and work with them within the community. Mr. O'Neil will bring this
information to a future meeting.
Marketing — they are working on updated marketing and focusing more on local and regional
marketing.
Staff received a Tax Increment Financing (TIF) Application on a project that they have been
working on. Staff will give EDA an update and a Joint Finance update and then bring it to the
Council this Spring. The company is Heritage Millwork. Staff will have more details in
February.
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Economic Development Authority Minutes
January 16, 2024
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Page 4
Mr. Mollan provided updates on the following:
• Website update as outlined in the staff report.
■ U of MN Extension is hosting a Home -Grown Entrepreneur event at Sherburne County on
February 15 from 10 a.m.-2 p.m.
8. Adjourn Regular Meeting
Moved by Commissioner Westgaard and seconded by Commissioner Wagner to adjourn the
regular meeting of the Economic Development Authority.
Motion carried 7-0.
The regular meeting adjourned at 5:48 p.m. President Tveite called the work session to order at 5:50 p.m.
9.1 Shoot Steel — TIF Update
Mr. O'Neil presented the staff report. He stated the property owner has requested that the TIF be left
in place based on a proration relative to the number total jobs at Shoot Steel. With five current jobs
and a total jobs requirement of 13.5, the total TIF amount would be adjusted by the same ratio. He
indicated that legal counsel was in full support of this approach as well. This approach would lower
the total amount of TIF to be paid and shorten the length of the TIF by several years.
The commission directed staff to move forward with the process.
10. Motion to Adjourn
Moved by Commissioner Beyer and seconded by Commissioner Wagner to adjourn the
meeting of the Economic Development Authority.
Motion carried 7-0.
The meeting adjourned at 5:55 p.m.
Minutes prepared by Jolene Richter.
Dan Tveite, EDA President
*Tinallard, City Clerk
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