02-08-1993 EDA MIN
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MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
HELD AT ELK RIVER CITY HALL
MONDAY, FEBRUARY 8, 1993
MEMBERS PRESENT: President Gongoll, Commissioners Dietz, Dwyer, Scheel,
Duitsman, and Farber
MEMBERS ABSENT: Commissioner Holmgren
STAFF PRESENT: William RUbin, Economic Development Coordinator; Pat
Klaers, Executive Director; and Sandra Thackeray, City
Clerk
1. Call Meeting to Order
Pursuant to due call and notice thereof, the meeting of
Economic Development Authority was call to order
President Gongoll.
the Elk River
at 7:00 p.m. by
2. Consider 2/8/93 EDA Agenda
COMMISSIONER
PRESENTED.
6-0.
DUITSMAN MOVED TO APPROVE THE 2/8/93 EDA AGENDA AS
COMMISSIONER DIETZ SECONDED THE MOTION. THE MOTION CARRIED
3. Consider 1/11/93 EDA Minutes
Commissioner Scheel requested that paragraph 6F be changed to read as
follows, "Commissioner Scheel suggested changing the section of the
bylaws pertaining to the appointment of Commissioners so that the
decision regarding the composition of the EDA would made prior to the
election of Councilmembers."
COMMISSIONER SCHEEL MOVED TO APPROVE THE 1/11/93 EDA MINUTES AS
AMENDED. COMMISSIONER DIETZ SECONDED THE MOTION. THE MOTION CARRIED
6-0.
j 4 . Open Mike
No one appeared for this item.
5. Financial Update
Bill Rubin, Economic Development Coordinator, informed the EDA that the
Revolving Loan Fund had a cash balance of $207,125.03 as of January 31,
1993. He also informed the EDA that the Economic Development Authority
had a cash balance of $63,655.10 as of January 31, 1993.
6.
Tescom TIF Plan
Bill Rubin informed the EDA that the Tescom Corporation is looking for
an alternate site in the Elk River Industrial Park for its expansion
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EDA Minutes
February 8, 1993
Page 2
project. He indicated that the request for an alternate site stems
from potential wetland mitigation of the original site plus higher than
expected soil correction costs. Bill Rubin stated that the previous
TIF District No. 9 involving the original site has not been certified.
He requested that the EDA authorize a public hearing to consider a TIF
Plan for the Tescom expansion with the new site.
Bill Rubin indicated that the original expansion site was Lot 8 of
Block 1 and Tescom is now considering either all or a portion of Lots
1, 2, and 3, of Block 2, Second Addition. Discussion was held
regarding the value of the lots and the fact that Lots 1, 2, and 3 have
a greater value than the original requested Lot 8. Discussion was also
held regarding the fact that the EDA had originally intended Lots 1, 2,
and 3 of Block 2 to be saved for large user. Bill Rubin informed the
EDA that Tescom has no alternative other than using either Lots 1, 2,
or 3 or a portion of those lots. The EDA also discussed the fact that
if Tescom does use Lots 1, 2, and 3, the city would be lacking in
industrial lots.
COMMISSIONER DWYER MOVED THE FOLLOWING:
A. TO PREPARE A REVISED TAX INCREMENT FINANCING PLAN FOR THE TESCOM
EXPANSION;
B.
TO SCHEDULE A PUBLIC HEARING FOR MARCH 8, 1993, TO CONSIDER THE
ADOPTION OF THE TAX INCREMENT FINANCING PLAN; AND,
C. TO RECOMMEND THAT THE CITY COUNCIL CONSIDER SCHEDULING A PUBLIC
HEARING FOR MARCH 8, 1993, TO CONSIDER THE ADOPTION OF THE PLAN.
COMMISSIONER DIETZ SECONDED THE MOTION. THE MOTION CARRIED 6-0.
7. Consider Public Hearing Date for Sale of EDA property in the Elk River
Industrial Park
Bill Rubin informed the EDA that State law requires an EDA to hold a
public hearing on the sale of any property owned by the agency. He
indicated that staff is requesting the EDA to set a public hearing date
regarding the proposed sale of Elk River Industrial Park property to
the Tescom Corporation.
COMMISSIONER DUITSMAN MOVED TO AUTHORIZE A PUBLIC HEARING
1993, TO DISCUSS THE TERMS AND CONDITIONS OF THE SALE
THE ELK RIVER INDUSTRIAL PARK TO TESCOM CORPORATION.
DIETZ SECONDED THE MOTION. THE MOTION CARRIED 6-0.
ON MARCH 8,
OF PROPERTY IN
COMMISSIONER
8.
EDA Main Street Redevelopment site
President Gongoll informed the Commission that he and Commissioner
Dwyer, along with Pat Klaers and Bill Rubin, met with Gary Santwire of
REP, Ltd. to determine if Mr. Santwire was interested in pursuing the
redevelopment of the EDA Main Street redevelopment site. He stated
that as a result of the meeting, Mr. Santwire has agreed to provide the
EDA with information to evaluate a proposal. After discussion by the
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EDA Minutes
February 8, 1993
Page 3
EDA, it was the consensus to request Gary Santwire to appear at the
March 8, 1993, EDA meeting with the information regarding his proposal.
Commissioner Dwyer stated that Gary Santwire is aware that he does not
hold an exclusive option on the Main street redevelopment site and that
anybody else is welcome to submit a proposal to the EDA or the City.
9. Consider Economic Development Annual Report
Bill Rubin,
Commissioners
Report.
Economic Development Coordinator, presented the
with an Economic Development Department 1992 Annual
10. Prospect status Report
Bill Rubin reviewed the prospect status report which was sent to the
EDA Commissioners under separate cover.
11. Other Business
Bill Rubin distributed a copy of an article written in the
Journal regarding the proposed Cub Foods building in
Minneapolis. Bill Rubin indicated that commissioner scheel
concerns on issues regarding the proposed Cub Foods in
Minneapolis.
Business
northeast
had some
northeast
President Gongoll suggested that the EDA consider holding an EDA
workshop.
12. Adjournment
There being no further business, COMMISSIONER DIETZ MOVED TO ADJOURN
THE ECONOMIC DEVELOPMENT AUTHORITY MEETING. COMMISSIONER DWYER
SECONDED THE MOTION. THE MOTION CARRIED 6-0.
The meeting of the Economic Development Authority adjourned at 8:25 p.m.
;r;:Y~
Sandra Thackeray ~
City Clerk