04-08-1996 EDA MIN - SPECIAL
.
SPECIAL MEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, APRIL 8,1996
Members Present:
President Gongoll, Commissioners Bender, Duitsman, Scheel and
Dwyer
Members Absent:
Commissioners Farber and Holmgren
Staff Present:
Executive Director Pat Klaers, City Clerk Sandra Thackeray
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 5:20 p.m. by President Gongoll.
2. Consider Aaenda
COMMISSIONER DWYER MOVED TO APPROVE THE AGENDA. COMMISSIONER
DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 5-0.
e
3.
Discussion on Develooment Proiects and Inauiries
Executive Director Pat Klaers indicated that Jerry McChesney has made a
request for TIF assistance. The Executive Director indicated that Mr. McChesney is
proposing to build a new facility on a lot in the McChesney Industrial Park. The
concern over this issue is the city providing land write down assistance for
property which the applicant already owns. Other issues included the building
construction quality, the desire to treat local businesses in a similar manner, and
the creation of new jobs. The EDA discussed the state required "but for" clause.
It was determined that the project could not take place but for city TIF assistance.
The EDA discussed the eligible TIF expenses. It was concluded that the eligible
expenses could include items such as parking lot improvements, landscaping,
extension of sewer and water from the street to the building site and site
improvements.
President Gongoll indicated his concern of setting a precedent of the EDA
purchasing land that is already owned by the developer.
Following further discussion it was the consensus of the EDA to support the TIF
proposal for land write-down on a pay-as-you-go basis following an appraisal
and that the amount not exceed 15%.
4.
Other Business
.
There was no other business.
e
Special Meeting of the Economic Development Authority
EDA Minutes
AprilB, 1996
Page 2
5. Adiournment
COMMISSIONER BENDER MOVED TO ADJOURN. COMMISSIONER DWYER
SECONDED THE MOTION. THE MOTION CARRIED 5-0.
The special meeting of the EDA adjourned at 6: 15 p.m.
Respectfully submitted,
~raY
City Clerk
s: \minutes \es040896.doc
e
e