09-25-1989 EDA MIN
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MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, SEPTEMBER 25, 1989
MEMBERS PRESENT:
Commissioners Tralle, Holmgren, Dobel, Kropuenske, and
Schuldt
MEMBERS ABSENT:
None
STAFF PRESENT:
Lori Johnson, Finance Director; Dick Fursman, Economic
Development Coordinator
1. Pursuant to due call and notice thereof, the meeting of the Economic
Development Authority was called to order by Chairman Tralle at 7:00
p.m.
2. Consider 9/25/89 EDA A<<enda
COMMISSIONER HOLMGREN MOVED TO APPROVE THE 1990 EDA AGENDA.
COMMISSIONER DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0.
3.
Consideration of 9/11/89 EDA Minutes
COMMISSIONER HOLMGREN MOVED TO APPROVE THE 9/11/89 EDA MINUTES.
COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 5-0.
4.
Consider 1990 EDA Bud<<et
Lori Johnson, Finance Director, distributed an EDA expense sheet.
She reviewed the expenses incurred and stated that the current cash
balance is approximately $20,000 and there will be approximately
$21,000 in additional revenues collected in 1989. Ms. Johnson also
reviewed the 1990 proposed budget with the EDA.
COMMISSIONER DOBEL MOVED TO APPROVE THE 1990 EDA BUDGET AS
PRESENTED. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
COMMISSIONER SCHULDT MOVED TO ADOPT RESOLUTION 89-3, A RESOLUTION
AUTHORIZING THE ECONOMIC DEVELOPMENT AUTHORITY TO LEVY .01813 PERCENT
OF THE TAXABLE MARKET VALUE TO FUND THE AUTHORITY'S ANTICIPATED
BUDGET NEEDS. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE
MOTION CARRIED 5-0.
5.
Other Business
Dick Fursman indicated that he has been working with Mike Mulrooney
on a marketing plan for the Jenne site and would like to present the
plan to the EDA as soon as possible. Due to the need to review the
marketing plan, Mr. Fursman requested that the EDA call a meeting for
October 2, 1989.
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Economic Development Authority Minutes
September 25, 1989
Page 2
COMMISSIONER HOLMGREN MOVED TO CALL AN EDA MEETING ON OCTOBER 2,
1989, TO BE HELD AT 7:00 P.M. AT THE ELK RIVER PUBLIC LIBRARY FOR THE
PURPOSE OF DISCUSSING THE MARKETING PLAN FOR BLOCK A. COMMISSIONER
SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 5-0.
Mr. Fursman updated the EDA on the status of RCM which recently
burned down and the City's response to date.
Mr. Fursman informed the EDA
retention and expansion survey.
the businesses in Elk River and
when he is finished.
that he is conducting a business
He stated he will be visiting all
will share the results with the EDA
COMMISSIONER KROPUENSKE MOVED TO APPROVE A CHECK IN THE AMOUNT OF
$4,078.75 TO REIMBURSE THE CITY FOR ECONOMIC DEVELOPMENT
EXPENDITURES. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
Dick Fursman informed the EDA that Mork Clinic does not have
permanent financing locked in. He indicated that Mork has assured
him that there are no problems with the loan they are pursuing.
6.
Adjournment
COMMISSIONER HOLMGREN MOVED TO ADJOURN THE MEETING OF THE EDA.
COMMISSIONER DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0.
The meeting of the EDA adjourned at 7:20 p.m.
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Sandra Thackeray
City Clerk