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10-26-1998 EDA MIN - SPECIAL e SPECIAL MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, OCTOBER 26, 1998 Members Present: President Duitsman, Commissioners Dwyer, Farber, Thompson, Holmgren, Bender, and Gongoll Members Absent: None Staff Present: Paul Steinman, Executive Director; Sandra Peine, City Clerk 1. Call Meetina To Order Pursuant to due call and notice thereof. the special meeting of the Elk River Economic Development Authority was called to order at 5 p.m. by President Duitsman. 2. Consider Aqenda COMMISSIONER GONGOLL MOVED TO APPROVE THE 10/26/98 ECONOMIC DEVELOPMENT AUTHORITY AGENDA. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 3. Public Hearina - Sale of EDA-owned Industrial Land e Executive Director Paul Steinman indicated that the purpose of the special EDA meeting is to hold a public hearing to allow citizen input on the sale of the EDA- owned industrial lot in the Elk River Industrial Park. He stated that the sale of the lot is to Supermats, Inc. for the purpose of completing construction of a 35-40,000 square foot manufacturing facility. President Duitsman opened the public hearing. There being no one for or against the matter, President Duitsman closed the public hearing. COMMISSIONER FARBER MOVED THAT THE SALE OF LOT 2, BLOCK 2, ELK RIVER INDUSTRIAL PARK IS ADVISABLE AND APPROPRIATE AND IN THE BEST INTEREST OF THE CITY AND THAT THE TRANSACTION FURTHERS THE AUTHORITY'S GENERAL PLAN OF ECONOMIC DEVELOPMENT FOR THE CITY OF ELK RIVER. COMMISSIONER BENDER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 4. Adiournment There being no further business, COMMISSIONER FARBER MOVED TO ADJOURN THE MEETING. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. The meeting of the Elk River Economic Development Authority was adjourned at 5:50 p.m. Respectfully submitted, · stf=(;h~L City Clerk