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03-11-1996 EDA MIN e MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, MARCH 11, 1996 Members Present: President Gongoll, Commissioners Dwyer, Holmgren, Farber, Duitsman, Bender and Scheel Members Absent: None Staff Present: Pat Klaers, Executive Director; Sandra Thackeray, City Clerk; Steve Rohlf, Building and Zoning Administrator 1. Call Meetina To Order Pursuant to due call and notice thereof, the meeting of the Elk River Economic Development Authority was called to order at 6:00 p.m. by President Gongol!. 2. Consider Aaenda COMMISSIONER FARBER MOVED TO APPROVE THE EDA AGENDA. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. e 3. Consider Consent Aaenda All items were taken from the consent agenda and considered individually. 4. February 12, 1996, EDA Minutes COMMISSIONER FARBER MOVED TO TABLE ACTION ON THE FEBRUARY 12, EDA MINUTES SO THAT STAFF COULD CHECK ON THE ACCURACY OF THE MOTION UNDER ITEM #7. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. March 4, 1996, EDA Minutes COMMISSIONER DWYER MOVED TO APPROVE THE MARCH 4, 1996, CITY COUNCIL MINUTES. COMMISSIONER BENDER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 5. Open Mike No one appeared for this item. 6. Check Reaister e COMMISSIONER FARBER MOVED TO APPROVE THE CHECK REGISTER. COMMISSIONER BENDER SECONDED THE MOTION. THE MOTION CARRIED 7-0. Economic Development Authority Minutes March 11, 1996 Page 2 e ---------------------------------------------------- 7. Sustainable City Showcase Building and Zoning Administrator Steve Rohlf explained that the concept of a Sustainable City Showcase is to make Minnesota internationally known for energy efficient and renewable energy technologies. This process includes designating one city in Minnesota as a Sustainable City Showcase. Steve Rohlf introduced Ed Palmer who owns a business in Otsego and is on the Sustainable City Showcase committee. Ed Palmer indicated that he would like to promote Elk River as a candidate for the Sustainable City Showcase. He indicated that Elk River was a viable candidate. Mr. Palmer requested the EDA's support in the form of a letter and/or resolution. COMMISSIONER DUITSMAN MOVED TO AFFIRM THE STRONG SUPPORT OF THE EDA TOWARD THE CONCEPT OF ELK RIVER BECOMING A SUSTAINABLE CITY SHOWCASE AND TO SUBMIT A LETTER INDICATING THE CITY'S SUPPORT AND FURTHER TO ADOPT EDA RESOLUTION 96-1, A RESOLUTION OF SUPPORT FOR THE SUSTAINABLE CITY SHOWCASE. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. 8. Consider Reauest for Tax Increment Financino Assistance from Marketech, Inc. - Rich Duooan e Executive Director Pat Klaers explained that Rich Duggan of Marketech has made a request for tax increment financing. He indicated that Marketech is an existing growing company which needs room for expansion. Rich Duggan is proposing to construct a 9,300 square foot facility on Lots 6 & 7, Block 1 of the McChesney Industrial Park. The Executive Director indicated that staff is recommending that the city offer a TIF subsidy of 17 percent which is 2 percent over the 15 percent maximum stated in the T1F policy. He indicated that the extra 2 percent is recommended to encourage and support the expansion into the McChesney Industrial park, the pay-as-you-go approach and the city's strong commitment for business retention and growth. Commissioner Dwyer indicated his support and stated that he would like to see funds available for this type of request. He suggested that the funds from the sale of the city property to the school district be available for the local contribution requirement associated with this type of project. It was suggested that this local contribution issue be discussed at the next City Council capital improvement meeting. COMMISSIONER HOLMGREN MOVED THE FOLLOWING: · TO AUTHORIZE THE PREPARATION OF TIF PLAN FOR MARKETECH, INC., EXPANSION; · TO SCHEDULE A PUBLIC HEARING FOR APRIL 8, 1996, TO CONSIDER THE ADOPTION OF THE TIF PLAN; e Economic Development Authority Minutes March 11,1996 Page 3 e ---------------------------------------------------- · TO APPROVE AND RECOMMEND THAT THE CITY COUNCIL APPROVE A DEVIATION FROM THE TIF POLICY AND ALLOW A 17 PERCENT MAXIMUM TIF SUBSIDY; · TO RECOMMEND THAT THE CITY COUNCIL APPROVE THE MARKETECH CMIF LOAN REQUEST RESOLUTION COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 9. Discussion of March 4, 1996, Business Incubator Worksession Discussion was held regarding the business incubator concept that was reviewed at the March 4, 1996, business incubator worksession. President Gongoll indicated that this type of activity should be pursued by the EDA. He indicated that the City needs to consider issues such as available space; types of companies the city will be pursuing; local investment; and whether the County wishes to be involved in the process. Commissioner Holmgren suggested organizing a subcommittee to begin the process for this type of project. President Gongoll suggested inviting Harlan Jacobs to speak to the EDA regarding the formation of a task force. March 25 was suggested for this meeting, however, the meeting was not officially called at this time. COMMISSIONER BENDER MOVED TO FORM A BUSINESS INCUBATOR SUBCOMMITTEE CONSISTING OF THE FOLLOWING MEMBERS: e . JEFF GONGOLL HANK DUITSMAN PAT DWYER PAT KLAERS . . . COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. COMMISSIONER BENDER MOVED TO AUTHORIZE THE BUSINESS INCUBATOR SUBCOMMITTEE TO EXTEND UP TO $5,000 ON AN AGREEMENT WITH HARLAN JACOBS. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. 10. Other Business · Commissioner Duitsman indicated that Paul LeFebvre and Larry Morrell have indicated that they are interested in relocating their trucking businesses to the eastern area of the city. He further indicated that the city currently has a moratorium on development in the eastern part of the city until municipal sewer and water is available. Commissioner Duitsman stated that Mr. LeFebvre and Mr. Morrell indicated that they would be willing to sign a document to reimburse the city for utility costs if and when utilities are extended east. Commissioner Duitsman requested the EDA to consider the possibility of allowing the business to be located under these circumstances. e . Commissioner Duitsman informed the EDA that he has been appointed to the Region 7W Transportation Committee. Economic Development Authority Minutes March 11, 1996 Page 4 tit ---------------------------------------------------- · Commissioner Duitsman indicated that he has been contacted by a carbonate lens manufacturer who is interested in locating in Elk River. 11. Staff Uodates The Executive Director updated the EDA on several topics of interest that were listed in the memorandum to the Economic Development Authority dated March 11. 1996. -~ 12. Adiournment There being no further business. COMMISSIONER FARBER MOVED TO ADJOURN THE MEETING. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. The meeting of the EDA adjourned at 6:53 p.m. Respectfully submitted. ~:;;4~ Sandra Thackeray City Clerk e 5: \minutes\ed31196.doc e