01-18-1994 EDA MIN
SPECIAL MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
TUESDAY, JANUARY 18, 1994
Members Present:
President Gongoll, Commissioners Holmgren, Dwyer, Dietz,
Farber (6:55) and Scheel (7:00)
Members Absent:
Commissioner Duitsman
Staff Present:
Pat Klaers, Executive Director; Bill Rubin, Economic
Development Coordinator; 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 6:50 p.m. by
President Gongoll.
Consider 1/18/94 EDA Agenda
Bill Rubin added the following item to the agenda: Item #2.1.
on MSA designation for Sherburne County
Update
COMMISSIONER DIETZ MOVED TO APPROVE
COMMISSIONER HOLMGREN SECONDED THE MOTION.
THE 1/18/94 EDA AGENDA.
THE MOTION CARRIED 4-0.
2. Consider Loan Request from James and Marlene LaRose
Economic Development Coordinator, Bill Rubin explained that James and
Marlene LaRose have requested an EDA micro loan in the amount of
$25,000. James and Marlene LaRose are in the process of opening a
pizza and pasta restaurant on Freeport Avenue in Elk River called
Jimbob's Pizza and Pasta. The micro loan will be used by the
applicants to leverage primary financing and personal equity.
Bill Rubin informed the EDA that the Finance Committee reviewed the
request and unanimously voted to approve a $25,000 micro loan. Bill
Rubin also distributed a Commitment of lending from the primary lender.
COMMISSIONER HOLMGREN MOVED TO APPROVE A MICRO LOAN TO JA}ffiS AND
MARLENE LAROSE (JIMBOB'S PIZZA AND PASTA) IN THE AMOUNT OF $25,000.
COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0.
2.1. Sherburne county MSA Designation
Bill Rubin explained that the MSA designation for Sherburne County has
been changed. He explained that the change removes Sherburne County
from the Twin Cities metro area. Bill Rubin explained that this is a
great disservice to Sherburne County residents as well as a detriment
to economic development in Elk River. He requested that the EDA send a
letter of appeal to this action to the OMB.
PRESIDENT GONGOLL MOVED TO SEND A LETTER OF APPEAL INDICATING THE EDA'S
DISAPPROVAL OF THE ACTION T~~N BY THE OMB AND REQUESTING THE OMB TO
Elk River EDA Meeting
date
Page 2
RECONSIDER THE ACTION AS IT IS A DETRIMENT TO SHERBURNE COUNTY.
COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 6-0.
3. 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 7:05 p.m.
Respectfully submitted,
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Sandra A. Thackeray
City Clerk