01-12-1998 EDA MIN
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ANNUAL MEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, JANUARY 12,1998
Members Present:
President Dwyer, Commissioners Holmgren, Farber, Gongoll,
Thompson, Bender and Duitsman
Members Absent:
None
staff Present:
Paul Steinman, Director of Economic Development; Pat Klaers, City
Administrator; Debbie Huebner, 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 1/12/98 Aaenda
COMMISSIONER FARBER MOVED TO APPROVE THE JANUARY 12, 1998, EDA
AGENDA. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION
CARRIED 7-0.
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3.
Consider Consent Aaenda
COMMISSIONER GONGOLL MOVED TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. DECEMBER 8, 1998 EDA MINUTES - APPROVED
3.2. EDA CHECK REGISTER - APPROVED
COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION 7-0.
4. Open Mike
No one appeared for open mike.
5. Annual Meetina Items
a. Election of Officers
COMMISSIONER HOLMGREN MOVED TO ELECT COMMISSIONER DUITSMAN AS EDA
PRESIDENT. COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION
CARRIED 6-0-1. COMMISSIONER DUITSMAN ABSTAINED.
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COMMISSIONSER THOMPSON MOVED TO ELECT COMMISSIONER DWYER AS EDA
VICE PRESIDENT. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE
MOTION CARRIED 6-0-1. COMMISSIONER DWYER ABSTAINED.
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January 12, 1998
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COMMISSIONER THOMPSON MOVED TO ELECT COMMISSIONER FARBER AS
EDA TREASURER. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE
MOTION CARRIED 6-0-1. COMMISSIONER FARBER ABSTAINED.
COMMISSIONER GONGOLL MOVED TO ELECT COMMISSIONER THOMPSON
AS EDA SECRETARY. COMMISSIONER HOLMGREN SECONDED THE MOTION.
THE MOTION CARRIED 6-0-1. COMMISSIONER THOMPSON ABSTAINED.
COMISSIONER THOMPSON MOVED TO ELECT COMMISSIONER HOLMGREN
AS EDA ASSISTANT TREASURER. COMMISSIONER GONGOLL SECONDED THE
MOTION. THE MOTION CARRIED 6-0-1. COMMISSIONER HOLMGREN
ABSTAINED.
b. Appoint Executive Director
COMMISSIONER GONGOLL MOVED TO APPOINT PAUL STEINMAN EDA
EXECUTIVE DIRECTOR. COMMISSIONER DWYER SECONDED THE MOTION.
THE MOTION CARRIED 7-0.
c. Desianate Official Newspaper
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d.
COMMISSIONER GONGOLL MOVED TO DESIGNATE THE ELK RIVER STAR
NEWS AS THE EDA'S OFFICIAL NEWSPAPER. COMMISSIONER DWYER
SECONDED THE MOTION. THE MOTION CARRIED 7-0.
Designate Official Depositories
COMMISSIONER GONGOLL MOVED TO DESIGNATE THE FOLLOWING
BANKS/INSTITUTIONS AS EDA OFFICAL DEPOSITORIES FOR 1998:
THE BANK OF ELK RIVER
4M FUND
FIRSTBANK, N.A.
FIRST NATIONAL BANK OF ELK RIVER
NORWEST BANK
COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED
6-0-1. COMMISSIONER DWYER ABSTAINED.
e. Consider Committee Appointments/ Assianments
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COMMISSIONER HOLMGREN MOVED TO DISCONTINUE THE EDA MARKETING
COMMITTEE AND THE RESEARCH & DEVELOPMENT COMMITTEE AT THIS TIME,
AND TE RE-ESTABLISH AND MAKE APPOINTMENTS TO THESE COMMITTEES AS
NEEDED. COMMISSIONER BENDER SECONDED THE MOTION. THE MOTION
CARRIED 7-0.
COMMISSIONER HOLMGREN MOVED TO APPOINT THE FOLLOWING
MEMBERS TO THE EDA FINANCE COMMITTEE: LLOYD BRUTLAG, JIM SIMPSON,
TOM MCNAIR, TOM BENDER, AND JEFF GONGOLL; AND, TO EXPAND THE
MEMBERSHIP OF THE COMMITTEE TO SEVEN (7) MEMBERS. COMMISSIONER
THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 7-0.
Paul Steinman will provide names of candidates for appointment to the
EDA Finance Committee at the February 9. 1998, EDA meeting.
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January 12. 1998
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f.
Discuss Enablinq Resolution and Bvlaws for Suqqested Chanqes. If Anv
By consensus, no changes were proposed in the EDA Enabling Resolution
or Bylaws.
6. West Business Park Marketinq/Development Aqreement - Final
Paul Steinman, EDA Executive Director, reviewed the proposed final West Business
Park marketing/development agreement with the EDA Commissioners.
COMMISSIONER DWYER MOVED TO APPROVE THE FINAL DRAFT OF THE CONTRACT
WITH TONY EMMERICH OF COUNTRY RIDGE PARTNERSHIP, FOR MARKETING, SALE
AND DEVELOPMENT OF 14 ACRES (OUTLOT B) IN COUNTRY CROSSING BUSINESS
CENTER 2ND ADDITION. COMMISSIONER BENDER SECONDED THE MOTION. THE
MOTION CARRIED 7-0.
7. Request City Council to Call for a Public Hearinq to be held to establish T1F District
No. 19 (Hohlen Propertv)
Pat Pelstring, Associated Developers, provided an update for the EDA
Commissioners of progress on the Hohlen property.
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COMMISSIONER GONGOLL MOVED THE EDA REQUEST THE CITY COUNCIL TO CALL
FOR A PUBLIC HEARING TO BE HELD ON JUNE 1, 1998, TO ESTABLISH TAX INCREMENT
FINANCING DISTRICT NO. 19; AND, THAT A WORKSHOP BE HELD WITH THE
DEVELOPERS TO DISCUSS PROJECT ISSUES. COMMISSIONER BENDER SECONDED THE
MOTION. THE MOTION CARRIED 7-0.
8.
$50.000 Micro Loan Request - Northstar Die Castinq. LLC
Paul reviewed the recommendation made by the EDA Finance Committee
regarding the micro loan request by Northstar Die Casting. as follows:
That a $50,000 loan to Northstar Die Casting be approved at a prime interest rate
and a five year term with the following conditions:
o principal and interest due the EDA would be due upon sale of Northstar Die
Casting
o personal guarantees from Larry Lawson (20% owner) and Steve Whiting (80%
owner)
o personal financial statements are to be reviewed by the Finance Committee
prior to acceptance of personal guarantees.
Paul noted there will be 24 - 25 employees and Northstar anticipates adding 12-
15 employees by the end of 1998.
COMMISSIONER BENDER MOVED APPROVAL OF THE MICRO LOAN REQUEST BY
NORTH STAR DIE CASTING, LLC. COMMISSIONER FARBER SECONDED THE MOTION.
THE MOTION CARRIED 7-0.
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EDA Minutes
January 12. 1998
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9.
Prospect Report/Activity Update
Update provided by Paul Steinman.
10. Other Business
a. Community Venture Network Meetina. January 22. 1998. 10 a.m. to 2 p.m.
-Appoint EDA Member to Attend with Staff
Commissioners Duitsman and Gongoll will attend the Community Venture
Network meeting, and possibly Commissioner Dwyer.
b. Morrell Proiect Worksession
COMMISSIONER HOLMGREN MOVED TO CALL A SPECIAL MEETING OF THE
EDA ON MONDAY, FEBRUARY 2, 1998, AT 5:00 P.M. (BEFORE THE REGULAR
MEETING OF THE CITY COUNCILL). COMMISSIONER FARBER SECONDED THE
MOTION. THE MOTINO CARRIED 7-0.
11 . Adiournment
There being no other business. COMMISSIONER BENDER MOVED TO ADJOURN THE
MEETING. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION
CARRIED 7-0.
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The meeting of the Elk River Economic Development Authority adjourned at
7:51 p.m.
Re~pectfully submitted,
.ULJi0 ~
Debbie Huebner
Recording Secretary
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