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01-10-1994 EDA MIN MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, JANUARY 10, 1994 Members Present: President Gongoll, Commissioners Duitsman, Dietz, Dwyer, Farber, and Holmgren Members Absent: Commissioner Scheel staff Present: Bill Rubin, Economic Development Coordinator; Pat Klaers, Executive Director; Sandra Thackeray, City Clerk 1. Call Meeting To Order Pursuant to due call and notice thereof, the meeting of the Elk River Economic Development Authority was called to order at 7:03 p.m. by President Gongoll. 2. Consider 1/10/94 EDA Agenda Bill Rubin requested that the following items be added to the EDA agenda: 13.A. 13.B. 13.C. Update on City video Update on Certified Development Company Request to call a special meeting on January 18, 1994, at 5:45 p.m. COMMISSIONER DIETZ MOVED TO APPROVE THE 1/10/94 EDA AGENDA AS AMENDED. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 6-0. 3. Consider 12/13/93 EDA Minutes Bill Rubin requested that the following corrections be made to the 12/13/93 EDA Minutes: 1. Page 1 - Heading should be corrected to reflect that the meeting was held at Salk Junior High 2. Page 3 - The last paragraph in #9 should indicate that January 3, 1994, is a City Council meeting. COMMISSIONER FARBER MOVED TO APPROVE THE 12/13/93 AMENDED. COMMISSIONER DIETZ SECONDED THE MOTION. THE 6-0. EDA MINUTES AS MOTION CARRIED 4. Open Mike - Presentation by Don spotts Don spotts discussed how a community east of Seattle revived its Central Business District by using a German theme. Allor the store fronts reflected this theme as did the costumes worn by all employees. He indicated that people from allover the United States now visit this small town. Elk River EDA Meeting January 10, 1994 Page 2 Mr. spotts suggested that Elk River consider using such a theme to revive the downtown. He suggested the 1870's era to reflect the Oliver Kelley theme. After further discussion, Chairman Gongoll thanked Don spotts for this information and suggested that Mr. spotts contact the Chamber Members and the Downtown Development Corporation to discuss this idea with them. 5. Financial Update Bill Rubin explained that the Economic Development Authority ended 1993 with a cash balance of approximately $69,750 which is an increase of $7,900 from the 1993 beginning cash balance. Bill Rubin reviewed the 1993 EDA statement of Cash Activity and the status of the Micro Loan Fund. The cash balance or this fund as of December 31, 1993, is $118,541.30. 6. Annual Meeting Items a. Election of Officers COMMISSIONER DUITSMAN MOVED THE FOLLOWING APPOINTMENTS: --PRESIDENT --VICE PRESIDENT --TREASURER --SECRETARY --ASSISTANT TREASURER --JEFF GONGOLL --PATRICK DWYER --ROGER HOLMGREN --LARRY FARBER --HANK DUITSMAN COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 6-0. Commissioner Dwyer questioned item 9a. in the enabling resolution regarding the naming of a national or state bank as a depository. It was the consensus to have the City Attorney review this issue and determine whether the Enabling Resolution must be amended. commissioner Holmgren questioned whether it was appropriate Bill Rubin as the Executive Director at this time. indicated his interest in the position. He further stated it was appropriate that Pat Klaers retain the position personnel issues are resolved by the Council. to appoint Bill Rubin that he felt until certain COMMISSIONER FARBER MOVED THE FOLLOWING: b. APPOINTMENT OF PATRICK KLAERS AS EXECUTIVE DIRECTOR c. DESIGNATE ELK RIVER STAR NEWS AS THE EDA OFFICIAL NEWSPAPER d. DESIGNATE THE FOLLOWING BANKS AS DEPOSITORIES FOR E~A FUNDS IN 1994 --THE BANK OF ELK RIVER --FIRST NATIONAL BANK OF ELK RIVER --METROPOLITAN FEDERAL BANK (ELK RIVER) --PRIMEVEST --PRUDENTIAL BACHE --SMITH BARNEY SHEARSON --NORWEST BANK --DAIN BOSWORTH Elk River EDA Meeting January 10, 1994 Page 3 --PAINE WEBBER e. TO REAPPOINT THE FOLLOWING COMMITTEE MEMBERS: FINANCE COMMITTEE --LLOYD BRUT LAG --BUD HOULTON --JIM SIMPSON --BILL BIRRENKOTT --TOM MCNAIR MARKETING COMMITTEE --ELAINE ANDERSON --JERRY HAGEN --BRIAN MORAN --ROD MCARDLE --MIKE LEARY --PAUL AMMERMAN --DON HEINZMAN R & D COMMITTEE --CLIFF LUNDBERG --CAROL MILLS --LARRY TOTH --DICK GONGOLL --JOHN OLIVER COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 6-0. 6.f. Discuss Enabling Resolution and Bylaws No action was taken at this time. 7. Update/Status Report on EDA Main Street Redevelopment Project Bill Rubin informed the EDA that on December 13, the City Council voted to deny the TIF request but agreed to revisit the issue at a later date. He indicated that this issue was scheduled to be on tonight's agenda, but because the Chamber is meeting to discuss this on January 11, the developer requested that the issue be postponed. Bill Rubin indicated that this issue would be discussed by the Council on January 31. 8. Update/Status Report on the Business Park Task Force Bill Rubin updated the EDA on AEC's participation in Elk River's pursuit of REA funds for infrastructure improvements associated with the business park. He indicated that Anoka Electric -has agreed to assist the EDA in the grant request. Bill Rubin informed the EDA that the City Planner is in receipt of a request to amend the comprehensive land use plan. The amendment would affect the light industrial designation of a portion of the property on the western end of the City. This would also affect the area designated as a future business park. Elk River EDA Meeting January 10, 1994 Page 4 Commissioner Dwyer expressed the Business Park Task Force's concern about changing the land use for this area. He indicated that the Task Force first studied the comprehensive plan when determining a location for a business park. The area on the western end on the city along Highway 10 is designated light industrial and future planning for the area was designated as a business park. He indicated that the City should not change this plan. President Gongoll commended the Task Force for its efforts. He indicated that the City must weigh the results of having a commercial development on site within a year, against holding out for a business park which may not be completed ror some time in the ruture. He indicated that he is not sure that he is in full support of the 45 acre commercial development in that location, but reels a compromise can be reached. Bill Rubin questioned how the 45 acre business park inventory would be replaced ir it is lost to commercial development. Bill Rubin also reminded the Commissioners why the Task Force chose the property on Highway 10 ror the business park location. He indicated that most industrial prospects are looking for property with good exposure, good visibility and good access onto a major highway. No formal action was taken on this issue. 9. Consider Task Force Initiatives on Permitting Processes and Plan Review Bill Rubin updated the EDA commissioners on the progress of the Permitting and Plan Review Task Force. He indicated that not much progress has been made at this time, but it is expected that the Task Force will begin meeting early in 1994. 10. Review Preliminary Findings on the Estimated Jobs in Elk River Bill Rubin informed the EDA that he has gathered some information which estimates the number of jobs i~ Elk River. He reviewed the statistics which were discussed by the Commissioners. Bill Rubin explained that he often receives requests ror this type of information. The EDA commended Bill Rubin for his efforts in this project. 11. Consider Revisions to the 1994 Community Profile Bill Rubin explained that the Community Profile is printed and distributed by the Department of Development. In order to individualize the rorm Rubin indicated that he has worked together Commerce to design a more unique Community Profile a standardized form Trade and Economic ror E~k River Bill with the Chamber of for Elk River. COMMISSIONER DUITSMAN MOVED TO APPROVE THE NEWLY DESIGNED COMMUNITY PROFILE FOR ELK RIVER. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 6-0. Elk River EDA Meeting January 10, 1994 Page 5 The Commissioners commended Bill Rubin and the Chamber of Commerce for its efforts in drafting a more individualized community Profile for Elk River. 12. Prospect Status Report Bill Rubin discussed the prospect status report which was sent under separate cover. 13. Other Business 13 .A. Video Update Bill Rubin updated the EDA on the progress of the City Video. He indicated that it should be in final form within two to three weeks. 13.B. Update on Certified Development Company Bill Rubin stated he had requested that the Small Business Administration allow Twin Cities-Metro Certified Development Company to expand its service territory to include the City limits of Elk River. This request was denied and Bill Rubin suggested that the basis for this denial was due to the SBA's prescribed procedures not being followed. The SBA letter further indicated that Minnesota Business Finance, Inc., is the only development company operating in Sherburne County. The concerns with Minnesota Business Finance is its lack of loan packaging abilities and its lack of direct contact with banks and business applicants. D.C. Request to Call Special Meeting for January 18, at 5:45 P.M. Bill Rubin requested the EDA January 18 as he is anticipating a loan. to call a special meeting for loan request for a micro COMMISSIONER GONGOLL MOVED TO CALL A TUESDAY, JANUARY 18, 1994, AT 5:45 P.M. REQUEST FOR A MICRO LOAN. COMMISSIONER MOTION. THE MOTION CARRIED 6-0. SPECIAL MEETING ON TO CONSIDER A LOAN HOLMGREN SECONDED THE 14. Adjournment There being no further business, COMMISSIONER HOLMGREN MOVED TO ADJOURN THE MEETING. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 6-0. The meeting of the Elk River EDA adjourned at 8:35 p.m. Respectfully submitted, / IJ r-;..... 1 /} /J ~L.CU1.L~?<-,/. Jit<-z~~&'< [I. ..... /' ~andra A. Thackeray City Clerk