11-04-2024 EDA MIN SPECIALMeeting of the Economic Development
Authority
Held at the Elk River City Hall
Monday, November 4, 2024
Members Present: Councilmember Mike Beyer, Councilmember Cory Grupa, Councilmember
Jennifer Wagner, Councilmember Matt Westgaard, Commissioner Charlie
Blesener, Commissioner Jeff Hartwig, Commissioner Dan Tveite
Members Absent: None
Staff Present: Economic Development Brent O'Neil, Economic Development Specialist Joshua
Mollan, and Recording Secretary Jennifer Green
1. CALL MEETING TO ORDER
1.1 Special EDA Meeting Notice for November 4, 2024
Pursuant to due call and notice thereof, the meeting was called to order at 6:13 p.m.
2. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was recited.
3. GENERAL BUSINESS
3.1 Resolution Amending Purchase Agreement of the Fox Haven Site to Java Companies
Mr. O'Neil presented the staff report and noted they are very close to closing on the sale of the Fox
Haven properties to Java Companies. He reviewed details of the staff report regarding the possession
being taken by an affiliated company which requires EDA consent. He then outlined the reversion
clause details by modifying the size of the footprint to 4,500 square feet, and a two-tier requirement on
performance with site work including clearing vegetation occurring in the first year and delivering the
project in full by the end of the the second year. The buyer is offering to increase the purchase price by
$10,000.
Commissioner Westgaard noted it was a reasonable request and nice to see the increase of the offer
with the concessions on timeline and reversion clause and was in support of the modifications.
Moved by Commissioner Westgaard and seconded by Commissioner Hartwig to approve
Resolution 24-08 amending terms of the purchase agreement at 13566 and 13530 185th
Street NW to Java Companies as outlined in the staff report.
Motion Carried 7-0.
Economic Development Authority Minutes Page 2 of 2
November 4, 2024
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4. MOTION TO ADJOURN
Moved by Commissioner Beyer and seconded by Commissioner Wagner to adjourn the
meeting.
Motion Carried 7-0.
The meeting adjourned at 06:17 p.m.
Minutes prepared by Jennifer Green.
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Dan Tveite, Chair Tina Allard, City Clerk