03-14-1994 EDA MIN
:MEETING OF THE ELK RIVER ECONOMIC DEVELOPl\IENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, MARCH 14, 1994
Members Present:
President Gongoll, Commissioners Dietz, Dwyer, Farber and
Holmgren
Members Absent:
Commissioners Scheel and Duitsman
Staff Present:
Bill Rubin, Economic Development Coordinator; Pat Klaers,
Executive Director; Lori Johnson, Rnance Director; Debbie
Kleckner, Recording Secretary
1. Call Meetinq To Order
Pursuant to due call and notice thereof, the meeting of the Elk River Economic
Development Authority was called to order at 7:00 p.m. by President Gongoll.
2. Consider AQenda
Bill Rubin requested that Item #9 - Consider TIF Reimbursement Request From
Tescom Corporation (TIF District No.9) - be deleted from the March 14, 1994 Elk
River EDA agenda.
COMMISSIONER FARBER MOVED TO APPROVE THE 3/14/94 EDA AGENDA AS
AMENDED. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
3. Consider 2/14/94 EDA Minutes
President Gongoll requested that the following be added to the motion under
Item # 6 - page 3:
FURTHER, IT IS UNDERSTOOD THAT IF THE PROJECT PROCEEDS, THE COST OF THE
FEASIBILITY STUDY WILL BE REIMBURSED TO THE EDA FROM THE BOND PROCEEDS.
COMMISSIONER FARBER MOVED TO APPROVE THE 2/14/94 EDA MINUTES AS
AMENDED. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
.
4. Consider Administrative Changes in the EDA Executive Director Position
COMMISSIONER FARBER MOVED TO ACCEPT THE RESIGNATION FROM PAT KLAERS
AS EDA EXECUTIVE DIRECTOR. COMMISSIONER DWYER SECONDED THE MOTION.
THE MOTION CARRIED 5-0.
PRESIDENT GONGOLL MOVED TO APPOINT BILL RUBIN AS EDA EXECUTIVE
DIRECTOR. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
6. Financial Update
Lori Johnson provide the following financial summary:
The Micro Loan Fund cash balance as of February 28, 1994 is $121,065.21. As of
March 10, 1994, all March loan payments are current with the exception of
PureSteam. Two loans totaling $40,000 have been approved, but have not
closed.
7. Consider Committee Recommendation To Select A Company To Undertake A
Financial Feasibility Study Reqardinq The Proposed Construction Of A Second
Ice Arena
COMMISSIONER DWYER MOVED TO HIRE THE MARQUETTE PARTNERS FIRM TO
COMPLETE A FINANCIAL FEASIBILITY STUDY FOR A PROPOSED SECOND ICE ARENA,
AT A COST NOT TO EXCEED $15,000. PRESIDENT GONGOLL SECONDED THE
MOTION. THE MOTION CARRIED 5-0.
8. Consider Discussion Items From Workshop Session On EDA Main Street Site
Bill Rubin, President Gongoll and Commission Dwyer provided information on the
EDA Main Street Site discussion.
10. Consider 1992 Retail Sales Information For Elk River
Bill Rubin reviewed his memo to the EDA regarding the 1992 retail sales estimate
for Elk River.
11 . Prospect Status Report
This information was provided under separate cover.
12. Other Business
Bill Rubin noted that he has been informed that Sherburne County will remain in
the Twin Cities Metropolitan Statistical Area (MSA).
Bill Rubin informed the EDA that he and Commissioner Dwyer met with Jay
Johnson and Tony Emmerich to discuss the business park, and that the
developers have expressed their willingness to work with the EDA. -
13. Adiournment
There being no further business, COMMISSIONER FARBER MOVED TO ADJOURN
THE MEETING. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION
CARRIED 5-0.
The meeting of the Elk River EDA adjourned at 7:30 p.m.
ResRectfully submitted,
A)drlu f( ~
Debbie Kleckner
Recording Secretary