02-12-1990 EDA MIN
MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER PUBLIC LIBRARY
MONDAY, FEBRUARY 12, 1990
Members Present:
Commissioners Tralle, Holmgren, Schuldt, Dobel and
Kropuenske
Members Absent:
None
Staff Present:
Pat Klaers, City Administrator; Dick Fursman, Economic
Development Coordinator; Lori Johnson, Finance Director;
Peter Beck, City Attorney
1. Call Meetin~ to Order
Pursuant to due call and notice thereof, the meeting of the Economic
Development Authority was called to order by Commissioner Tralle at
9:37 p.m.
2. Consider 2/12/90 EDA A~enda
COMMISSIONER DOBEL MOVED TO APPROVE THE 2/12/90 EDA AGENDA.
COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0.
3. Consider 1/29/90 EDA Minutes
COMMISSIONER KROPUENSKE MOVED TO APPROVE THE 1/29/90 EDA MINUTES.
COMMISSIONER DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0.
4. Consider TIF Plan #7
Dick Fursman, Economic Development Coordinator, indicated that the Tax
Increment Financing Plan #7 has been distributed to the County and
School District for comment. He stated that the purpose of the TIF
District is to acquire and develop two parcels of land along Highway 10
and to remove structurally substandard buildings in order to create a
development site and to make the site available to construct a 42 unit
motel in the City.
The Council then considered modifications to Development District #1.
Mr. Fursman indicated that some of the modifications to the Development
District include some of the plans the City has made in the Growth
Management Plan.
Economic Development Authority Minutes
February 12, 1990
Page 2
COMMISSIONER KROPUENSKE MOVED TO ADOPT RESOLUTION 90-1, A RESOLUTION
APPROVING THE AMENDMENTS TO THE DEVELOPMENT DISTRICT #1 AND TO DIRECT
COUNCIL TO SUBMIT THE FINAL DRAFT OF THE FINDINGS FOR THE MAYOR'S
SIGNATURE. COMMISSIONER DOBEL SECONDED THE MOTION. Commissioner
Holmgren indicated that he would be abstaining from the vote as he did
not feel the EDA had sufficient time to review the document. THE
MOTION CARRIED 3-0-2. Commissioner Holmgren and Schuldt abstained.
COMMISSIONER DOBEL MOVED TO ADOPT RESOLUTION 90-2, A RESOLUTION
APPROVING THE TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING
DISTRICT #7, ESTABLISHING TAX INCREMENT FINANCING DISTRICT #7, AND
DIRECTING CITY STAFF TO IMPLEMENT TAX INCREMENT FINANCING DISTRICT #7.
COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 5-0.
5. Motel Update
Rob VanValkenburg and Mike Leary updated the EDA on the progress of the
AmericInn Motel. They indicated that construction will begin shortly
and that the completion date is scheduled for some time in May.
6. Other Business
The Economic Development Coordinator updated the EDA on the progress of
Mork Clinic. He indicated that construction would not be taking place
until the permanent financing was closed.
The Economic Development Coordinator indicated that because of a Star
City requirement, staff will be holding a presentation meeting on
February 22. The Commission discussed the benefits of being a Star
City. After discussion the City Administrator suggested that the City
monitor the benefits versus time spent on the Star City status.
There being no further business, COMMISSIONER HOLMGREN MOVED TO ADJOURN
THE MEETING. COMMISSIONER SCHULDT SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
The meeting of the Elk River Economic Development Authority adjourned at
10:25 p.m.
~lY submitted,
Sandy Thac~
City Clerk