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07-14-1997 EDA MIN e MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, JULY 14, 1997 Members Present: President Dwyer, Commissioners Holmgren, Farber, Gongoll, Thompson and Duitsman Members Absent: Commissioner Bender Staff Present: Paul Steinman, Director of Economic Development; Terry Maurer, City Engineer; Debbie Kleckner, Recording Secretary 1. Call Meetina To Order Pursuant to due call and notice thereof. the meeting of the Economic Development Authority was called to order at 6:00 p.m. by President Dwyer. 2. Consider 7/14/97 Aaenda COMMISSIONER GONGOLL MOVED TO APPROVE THE JULY 14, 1997, EDA AGENDA. COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 6-0. e 3. Consider Consent Aaenda COMMISSIONER FARBER MOVED TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. EDA CHECK REGISTER - APPROVED 3.2. JUNE 9, EDA MINUTES - APPROVED COMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 6-0. 4. Open Mike No one appeared for open mike. 5. Review Video Modifications Paul Steinman distributed a draft of new script for updating the City's promotional video. 6. Business Park Neaotiation e Paul indicated the EDA request for funding to work with Dave Sellergren on the joint development agreements in the West Business Park was presented to the City Council and approved. Staff met with Tony Emmerich of Country Ridge Partnership to discuss marketing of the business park property. Mr. Emmerich is attempting to purchase the back corner piece adjacent to his property but the owner is not interested in selling at this time. Chair Dwyer thanked Mayor and e e e City Council for their support. Paul indicated staff will begin negations with Mr. Gagne in the next month. He noted a draft agreement may be available for the next EDA meeting. 7. Other Business Business Incubator . SolarAttic, Inc. - Paul reviewed the memo from SolarAttic, Inc. which was distributed in the EDA packet. . MAS Technologies - Paul indicated MAS Technologies has not yet made a decision to move to Elk River. He reviewed changes that have taken place at MAS, indicating the company is in the process of hiring a new C.E.O. Paul noted MAS Technologies has received a loan from the Anoka Sherburne County Capital Fund in the amount of $50,000 and must pay a penalty if they don't proceed with their project in Elk River. . Snyder Drug - Staff has been working with Giles Lenzmeier and has indicated a restaurant tenant is very interested in the whole main floor. The Commissioners discussed concerns expressed by the potential tenant regarding payment of the $30,000 SAC and WAC charges up front. Commissioner Farber suggested the Council look at SAC and WAC charges for downtown redevelopment sites. City Web Site & Annual Reoort Paul provided update on the City's web site. 8. Adiournment There being no further business, COMMISSIONER FARBER MOVED TO ADJOURN THE MEETING. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 6-0. The meeting of the Elk River Economic Development Authority adjourned at 6:27 p.m. Respectfully submitted, ~'~ Debbie Kleckner Recording Secretary