12-04-1989 EDA MIN
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MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER PUBLIC LIBRARY
MONDAY, DECEMBER 4, 1989
Members Present: Chairman Tralle, Commissioners Holmgren, Schuldt,
Kropuenske and Dobel
Members Absent: None
Staff Present: Pat Klaers, City Administrator; Tim Keane, City Attorney;
Mike Mulrooney, Economic Development Consultant; Dick
Fursman, Economic Development Coordinator
1. Pursuant to due call and notice thereof, Chairman Tralle called the
meeting of the Elk River Economic Development Authority to order at
~ -.ljl(@6 ~.m.
2. Consider 12/4/89 EDA A~enda
3.
COMMISSIONER DOBEL MOVED TO APPROVE
COMMISSIONER HOLMGREN SECONDED THE MOTION.
THE 12/4/89 EDA AGENDA.
THE MOTION CARRIED 5-0.
Consider 11/6/89 EDA Minutes
COMMISSIONER KROPUENSKE MOVED TO APPROVE THE 11/6/89 EDA MINUTES.
COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0.
4. Discuss Marketin~ Strate~Y for Block A
Dick Fursman, Economic Development Coordinator, indicated that staff
has prepared a draft Request for Proposal (RFP) which provides
background information on the City as a whole, the Elk River
commercial areas and the Block A project area. He indicated that the
RFP describes the project tasks relating to the goal of creating a
block long development. He further indicated that the RFP provides
the developer with project characteristics, challenges and City
participation.
Mr. Fursman reviewed the project tasks with the EDA. He indicated
that the goal is to create a block long development using a
homogenous theme. Considerations would include the development of
between 35,000 and 70,000 square feet of office, retail and possibly
residential space. An attached boardwalk, a late 1800's or early
1900's river theme, a possible interior walk and a parking scheme
were also included.
Economic Development Authority Minutes
December 4, 1989
Page 2
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Mr. Fursman further reviewed with the EDA two possible alternatives
to the development of the entire block. Alternative number one would
be the development of the old hardware site destroyed by the fire and
alternative number two would be the redevelopment of as much of the
project area as feasible.
Mr. Fursman reviewed with the EDA the possible assistance the City
could give in this development. He indicated that the City can use
legal authority when necessary to insure that a qualified development
proposal has the opportunity to succeed. The EDA discussed the
City's involvement in acquisition of the property. He indicated that
the City could acquire the property if the project is put into
jeopardy by condemning the property and then paying for it. The EDA
discussed zoning regulations which would include greater flexibility
for the project. He indicated that the RFP proposes that Elk River
work closely with the developer using techniques such as flexible
zoning and contract zoning to allow the most liberal design and use
parameters for the developers discretion. The last item of the RFP
discussed was the City's involvement in public finance. The RFP
proposes that a variety of finance techniques will be available which
relate directly to tax increment financing.
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Mr. Fursman stated that the staff and consultants feel that without
the tools proposed in the RFP, the chance of attracting developers
would be very poor. He further indicated that by committing to these
tools up front in the RFP, the developers and EDA will be better
informed from the start.
COMMISSIONER DOBEL MOVED TO ACCEPT THE CITY ASSISTANCE AS PROPOSED IN
THE RFP. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
COMMISSIONER DOBEL MOVED TO APPROVE THE CONCEPT OF THE RFP AS
ACCEPTED WITH MINOR CHANGES MADE AS DISCUSSED BY THE EDA AND ALSO TO
AUTHORIZE DICK FURSMAN TO PROCEED IN FINALIZING AND PUBLISHING THE
RFP. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
COMMISSIONER HOLMGREN MOVED TO CALL AN EDA MEETING ON DECEMBER 18,
1989, FOLLOWING THE CITY COUNCIL MEETING, IN ORDER" TO REVIEW THE EDA
BUDGET. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
5. Adjournment
There being no further business, COMMISSIONER DOBEL MOVED TO ADJOURN
THE EDA MEETING. COMMISSIONER SCHULDT SECONDED THE MOTION. THE
MOTION CARRIED 5-0.
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The meeting of the Elk River Economic Development Authority adjourned at
7:37 p.m.
RejPectfully submitted,
9-1;~~~~
Sandy THackeray . - -/
City Clerk