03-25-1996 EDA MIN
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MEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, MARCH 25, 1996
Members Present:
Chair Gongoll, Commissioners Duitsman, Bender, Dwyer and
Farber; Commissioners Holmgren and Scheel arrived at
approximately 6: 1 0 p.m.
Members Absent:
None
Staff Present:
Pat Klaers, Executive Director and Sandra Thackeray, City Clerk
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 5:50 p.m. by Chair Gongoll.
2. Consider March 25. 1996. EDA Aaenda
COMMISSIONER DWYER MOVED TO APPROVE THE EDA AGENDA. COMMISSIONER
FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0.
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3.
Discuss Business Incubator Proaram
President Gongoll explained that the Business Incubator Committee met on
March 13, to consider entering into a contract with Harlan Jacobs. The draft
contract was presented to the EDA for its review. President Gongoll indicated
that the main purpose of the EDA meeting is to review the services that Mr.
Jacobs will provide and to begin discussion on how the city moves forward in
developing a business incubator program.
President Gongoll introduced Mr. Harlan Jacobs, president of Genesis Business
Centers. Mr. Jacobs explained that the City must first obtain a space for the
companies to operate and reviewed the process of acquiring space. Discussion
was held regarding the possible L'se of the county building. It was decided that
the City Administrator will discuss this issue with County officials.
Discussion was held regarding the necessary capital to start an incubator
business. Mr. Jacobs encouraged the EDA to identify institutions who might be
interested in investing in the Anoka County Capital Fund. He also suggested
writing letters to the U.S. Department of Treasury asking for support of the Anoka
County Capital Fund. Mr. Jacobs suggested that the EDA look into the possibility
of assisting in the creation of a 501 C3 non-profit entity.
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Discussion was held regarding the type of management expertise that Mr. Jacobs
would be able to provide for the start up businesses. Mr. Jacobs stated that the
present contract does not provide for management service at this time, however,
EDA Minutes
Morch 25,1996
Page 2
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he would be very interested in providing this service to the businesses if requested
by the City and the business.
COMMISSIONER DUITSMAN MOVED TO ENTER INTO A CONTRACT WITH HARLAN
JACOBS OF GENESIS BUSINESS CENTERS, LTD. AS DESCRIBED IN THE DRAFT
AGREEMENT DATED MARCH 11, 1996. COMMISSIONER BENDER SECONDED THE
MOTION. THE MOTION CARRIED 7-0.
5. Adiournment
There being no further business, COMMISSIONER BENDER MOVED TO ADJOURN.
COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0.
The meeting of the Elk River Economic Development Authority was adjourned at
7:00 p.m.
Respectfully submitted,
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Sandra Thackeray
City Clerk
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s: \minutes \ed032596.doc
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