12-12-1988 EDA MIN
CONTINUED MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY. DECEMBER 12. 1988
.
Members Present: Commissioners
and Dobe1
Gunkel.
Holmgren.
Schuld t.
Tra11e.
Members Absent:
None
Staff Present:
Pat K1aers. City Administrator; Dick Fursman. Economic
Development Coordinator; Peter Beck. City Attorney; Mike
Mulrooney. Economic Development Consultant
Also Present:
Jeff Schoenbauer of Brauer and Associates
1. Pursuant to due call and notice thereof. the meeting of the Economic
Development Authority was called to order at 7:00 p.m. Commissioner
Gunkel stated that this meeting was a continued meeting from the 12/5/88
Economic Development Authority meeting.
2. Consider 12/12/88 EDA Agenda
Items 4.1 Hardware store site improvements using TIF and 4.2 - Future
riverwa1k options were added to the agenda.
COMMISSIONER TRALLE MOVED TO APPROVE
COMMISSIONER HOLMGREN SECONDED THE MOTION.
. 3. Consider 12/5/88 EDA Minutes
Commissioner Holmgren stated that the word "the" in the first paragraph of
item #4 should be deleted.
THE EDA AGENDA AS AMENDED.
THE MOTION CARRIED 5-0.
COMMISSIONER DOBEt MOVED TO APPROVE THE 12/5/88 EDA MINUTES AS AMENDED.
COMMISSIONER TRALLE SECONDED THE MOTION. THE MOTION CARRIED 5-0.
4. Consideration of Boardwalk Proposal
Mr. Jeff Schoenbauer of Brauer and Associates presented the courtyard and
riverwa1k master plan proposal with minor changes from the plan presented
at the 12/5/88 EDA Meeting. Mr. Schoenbauer distributed a cost estimate
for the riverwa1k and reviewed the cost estimate. Mr. Schoenbauer also
made available 10 large copies of the master plan. Mayor Gunkel expressed
her thanks to Mr. Schoenbauer for his work stating it was a job well done.
Mr. Schoenbauer expressed his appreciation for getting the project and
having a chance to work with the City.
COMMISSIONER DOBEL MOVED TO ACCEPT THE RIVERWALK PROJECT MASTER PLAN AS
PRESENTED BY BRAUER AND ASSOCIATES LTD. COMMISSIONER HOLMGREN SECONDED
THE MOTION. THE MOTION CARRIED 5-0.
4.1.Hardware Store Site Improvements Using Tax Increment Financing
.
COMMISSIONER DOBEL MOVED TO RECONSIDER THE HARDWARE SITE IMPROVEMENTS.
COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0.
Dick Fursman. Economic Development Coordinator. explained that the City is
looking at the hardware store site with the overall understanding that the
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.
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Page 2
Continued Economic Development Authority Meeting
December 12. 1988
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City has goals for redevelopment of the site as well as the development of
the entire downtown area. The City's goal is to prepare the site for
construction with no intention of giving a competitive edge to one
individual. Mr. Fursman stated that there are unique cost disadvantages
in preparing the site for a building due to the grade change. soil
preparation. alley work. demolition of the previous building and existing
flooring.
Mr. Fursman indicated that the City is proposing to use tax increment
financing dollars in the amount of $275.060 to purchase the land and
prepare the site for any developer with an acceptable plan.
COMMISSIONER TRALLE MOVED TO DIRECT STAFF TO PREPARE A TAX INCR~MENT
FINANCING REDEVELOPMENT PLAN FOR THE ECONOMIC DEVELOPMENT AUTHORITY TO
CONSIDER REGARDING SITE PREPARATION FOR THE HARDWARE STORE LOCATION
CONTINGENT UPON FINANCING BEING SECURED. COMMISSIONER DOBEL SECONDED THE
MOTION. THE MOTION CARRIED 5-0.
4.2.Riverwalk Park Options
Mike Mulrooney. Economic Development Consultant. reviewed alternatives for
funding the riverwalk. The three alternatives outlined in Mr. Mulrooney's
letter to Dick Fursman dated December 12. 1988. were discussed.
Alternative #1 was proposed as the most desireable alternative. This
funding would come from two grants; one each from the Economic Development
Administration. U.S. Department of Commerce. and the other would come from
the Minnesota Small Cities Development Program. If both grants were
received. the riverwalk could conceiveably be funded in full from these
two programs. The other alternatives discussed had a variety of funding
scenerios each less desirable than alternative #1.
COMMISSIONER HOLMGREN MOVED TO DIRECT STAFF TO PREPARE GRANT APPLICATIONS
TO THE ECONOMIC DEVELOPMENT ADMINISTRATION. U. S. DEPARTMENT OF COMMERCE
AND THE MINNESOTA SMALL CITIES DEVELOPMENT PROGRAM FOR THE RIVERWALK PARK
PROPOSAL. COMMISSIONER SCHULDT SECONDED THE MOTION.
Discussion was held regarding the fact that costs could conceiveably rise
after the EDA has a chance to review the plan in detail. It was the
consensus of the Commission to hold an EDA workshop in the immediate
future (prior to the 1/31/89 grant application deadline) to reivew the
Riverwalk Park proposal. It was also determined that the downtown
property owners should be invited to this workshop session.
THE MOTION CARRIED 5-0.
COMMISSIONER DOBEL MOVED
DEVELOPMENT AUTHORITY.
MOTION CARRIED 5-0.
TO ADJOURN THE MEETING OF THE ECONOMIC
COMMISSIONER HOLMGREN SECONDED THE MOTION. THE
The meeting of the EDA adjourned at 8:20 p.m.
~
{~ndy Thackeray
Deputy City Clerk