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02-27-1989 EDA MIN MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL . MONDAY, FEBRUARY 27, 1989 . . Members Present: Commissioners Tralle. Dobel. Kropuenske. Schuldt and Holmgren Members Absent: None Staff Present: Dick Fursman, Economic Development Coordinator; Pat Klaers.City Administrator 1. Pursuant to due call and notice thereof, the meeting of the Economic Develoment Authority was called to order at 7:05 p.m. 2. Consideration of 2/27/89 EDA Agenda COMMISSIONER DOBEL MOVED TO APPROVE THE COMMISSIONER HOLMGREN SECONDED THE MOTION. ECONOMIC DEVELOPMENr AGENDA. THE MOTION CARRIED 5-0. 3. Consideration of 2/4/89 EDA Minutes COMMISSIONER KROPUENSKE MOVED TO APPROVE THE 2/4/89 EDA MINUTES. COMMISSIONER DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0. 4. Mork Clinic Dick Fursman, Economic Development Coordinator, updated the Commission on the requested site location for Mork Clinic. He indicated that the previous requested site along Main Street. which would have been a joint project with Dr. Jarmoluk. is no longer being proposed. Mork Clinic is now requesting a new site, located on the corner of 3rd Street and Holt Avenue. Mr. Fursman further indicated that Mork Clinic is requesting that the City be involved with the use of tax increment financing as a redevelopment tool to raise the existing homes on the lots and to prepare the site for construction. Dick Moore. representing Mork Clinic, stated that the topography of the land located on Main Street is not as condusive to building as the site location located on 3rd Street and Holt Avenue. There is more land available on the alternative site which would provide an opportunity for growth in the future. He indicated that Mork Clinic has signed a purchase agreement with with the owners of the property contingent upon the EDA's approval of tax increment financing. The City Administrator questioned whether Mork had any plans of pursuing the purchase of the surrounding property for future expansion. Mr. Moore stated that it has been considered but it is not a mandatory need at the present time. Page 2 . Economic Development Authority Minutes February 27. 1989 The City Administrator questioned Mr. Moore if there was any level of expect ion from Mork clinic. or any dollar amount mentioned in the purchase agreement, as to the amount of money Mork expects the City to contribute with tax increment financing. He indicated that it will be some time before a dollar amount can be determined as the City must follow all the guidelines required for TIF and further that the City does not know the evaluation of the property. Mr. Moore indicated that Mork has no expectations but feels the City will be fair in their decision. Commissioner Holmgren stated he would like it to go on record that he will abstain from any decision making regarding this project as his parents own property adjacent to the proposed clinic. Mr. Fursman indicated that the City's goal is to help Mork Clinic acquire the property at a reasonable price and eliminate the burden of having to remove existing homes. He further stated that a fair market value for the property will be Mork Clinic's responsibility. Mr. Moore stated that it would be financially impossible for Mork Clinic to support the project without the City assisting with TIF. . COMMISSIONER KROPUENSKE MOVED TO SUPPORT THE REDEVELOPMENT PROJECT USING TAX INCREMENT FINANCING FOR SITE PREPARATION WITH THE DOLLAR AMOUNT '1'0 BE ESTABLISHED AT A LATER DATE. COMMISSIONER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 4-0-1. COMMISSIONER HOLMGREN ABSTAINED. 5. Update on ED Projects Mr. Fursman updated the EDA on the Jenne project and other possible business propects looking at Elk River for possible location. 6. Other Business Mr. Fursman informed the EDA that on Thursday. 2:00 p.m. the State Star City Recertification Team will be visiting City Hall. He encouraged the EDA members to atend the meeting. He noted the Team will be talking about the structure of the organization and will be reviewing the one year work plan and will also assign tasks to various committees. 7. Adjournment There being no further business. COMMISSIONER HOLMGREN MOVED TO ADJOURN THE MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY ~ COMMISSIONERDOBEL SECONDED THE MOTION. THE MOTION PASSED 5-0. The meeting of the EDA adjourned at 7:52 p.m. "/~~.~ "",f. '0<<' . ~!c! ' " ._ Sandy Thack ay ~--- Deputy City Clerk ~_ .-/