11-08-1999 EDA MIN
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MEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, NOVEMBER 8, 1999
Members Present:
President Dwyer, Commissioners Bender, Klinzing, Thompson,
Farber, and Motin
Members Absent:
Commissioner Gongoll
Staff Present: Director of Economic Development, Paul Steinman;
Assistant Director of Economic Development, Marc Nevinski; City
Administrator, Pat Klaers; and City Clerk, Sandy Peine
1. Call Meetina To Order
Pursuant to due call and notice thereot the regular meeting of the Economic
Development Authority was called to order at 6:00 p.m. by President Dwyer.
2.
Consider 11 / 08 /99 Aaenda
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COMMISSIONER FARBER MOVED TO APPROVE THE NOVEMBER 8, 1999, EDA
AGENDA. COMMISSIONER KLINZING SECONDED THE MOTION. THE MOTION
CARRIED 6-0.
3.
Consider Consent Aaenda
COMMISSIONER THOMPSON MOVED TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. OCTOBER 11, 1999 MINUTES - APPROVED
3.2. OCTOBER 11, 1999, SPECIAL EDA MINUTES - APPROVED
3.3 CHECK REGISTER APPROVED
COMMISSIONER MOTIN SECONDED THE MOTION. THE MOTION CARRIED 6-0.
4. Open Mike
No one appeared for open mike.
5.
Presentation - Jack Mowry, Metal Craft Machine & Enaineerina
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President Dwyer explained that an ad congratulating Metal Craft Machine on its
continued growth in a newly expanded facility was recently placed in the City
Business magazine. President Dwyer acknowledged Jack Mowry for his current
business and business growth including the expansion of his building. President
Dwyer presented Mr. Mowry with a framed copy of the advertisement that was
displayed in the City Business magazine. Mr. Mowry thanked the EDA and
provided some brief comments.
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November 8.1999
Page 2
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6.
Business Retention and Expansion SUNev Report Presentation
Assistant Director of Economic Development Marc Nevinski reviewed the final
report of the business Retention and Expansion Survey that was conducted this
summer. Marc explained that the sUNey consisted of interviewing Elk River's
industrial business owners and managers to learn about their experiences in
relation to the strong economy with a tight labor market. Marc Nevinski
indicated that business owners identified many of the same strengths and
weaknesses that were identified by the EDA in its Strategic Planning Session. He
stated that one of the recommendations made was for the city to pay more
attention to existing industries as it was felt that the growth and satisfaction of
existing business should be a primary concern of the community.
7.
Consider Establishment of a Marketing Committee and Discussion of Marketing
Consultant Proposals
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Paul Steinman explained that staff has been working towards putting together an
industrial marketing plan as this was a high priority issue identified within the
modified strategic plan. He indicated that the first step in the process is for the
EDA to establish a marketing committee. Paul Steinman recommended a seven-
member committee. He noted that the following people have been contacted
by EDA staff and EDA President Dwyer and have indicated their interest in serving
on the marketing committee; Jim Barthel, Elk River Machine; Daryl Thompson,
EDA/Council Representative; Chris Carlson, Sportech, Inc.; Gary Santwire, Realtor;
Renee Sander, Chamber Vice President. Discussion was held by the EDA
regarding possible names for the remaining two committee members. It was
suggested that Paul Steinman contact the following people to see if they're
interested in serving on the committee: Jim Simpson, Lynn Caswell, Dan Smith, a
representative from the School District Representative, and a representative from
United Power Association.
Paul Steinman indicated that he has received two proposals from Economic
Development Marketing Consultants. He indicated that he is presenting these
proposals to the EDA for preliminary review and would expect the marketing
committee to complete the interview process.
COMMISSIONER FARBER MOVED TO APPROVE THE FORMATION OF A MARKETING
COMMITTEE TO INCLUDE THE FOLLOWING INDIVIDUALS: JIM BARTHEL, DARYL
THOMPSON, CHRIS CARLSON, GARY SANTWIRE, RENEE SANDE, PLUS TWO OTHER
MEMBERS FROM THE LIST PREVIOUSLY DISCUSSED BY THE ELK RIVER ECONOMIC
DEVELOPMENT AUTHORITY. FARBER ALSO MOVED THAT THE MARKETING COMMITTEE
INTERVIEW THE TWO INTERESTED CONSULTANTS AND PROPOSE A RECOMMENDED
SELECTION TO THE EDA AT THE JANUARY 2000 MEETING. COMMISSIONER DWYER
SECONDED THE MOTION. THE MOTION CARRIED 6-0.
8.
Consider Riverside Manufacturing Micro Loan
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Marc Nevinski indicated that Sheldon Mayer, president for Riverside
Manufacturing, has submitted an application for a supplemental micro loan to
assist in the expansion and relocation of his firm to Elk River. Marc Nevinski
explained that the requested micro loan of $50,000 will be used to cover moving
expenses and lease-hold improvements in a 10,000 square foot bay of the Decker
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November 8.1999
Page 3
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building where the company plans to enter into a five-year lease. Marc Nevinski
reviewed the background information on this request. He noted that the Finance
Committee reviewed the request and felt that the company meets the micro
loan fund criteria and therefore is unanimously recommending approval of the
supplemental financing loan to Riverside Manufacturing.
Sheldon Mayer addressed the EDA in regard to his business and the request for
the micro loan.
COMMISSIONER MOTIN MOVED TO APPROVE A SUPPLEMENTAL FINANCE LOAN OF
$50,000 TO RIVERSIDE MANUFACTURING BASED ON THE FACT THAT THE COMPANY
MEETS THE MICRO LOAN FUND CRITERIA AND CONTINGENT ON THE SUBMITTAL OF
THE FOLLOWING DOCUMENTS: CURRENT PROFIT AND LOSS STATEMENTS, CURRENT
BALANCE SHEET, 2000 PROFORMA, AND A FINANCIAL STATEMENT FROM OWNER LEO
LUND.
COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 6-0.
9. Consider 2000-2002 Economic Development Strateaic Plan.
Paul Steinman presented the final modified Economic Development Strategic
Plan for EDA review.
COMMISSIONER THOMPSON MOVED TO APPROVE THE 2000-2002 MODIFIED
ECONOMIC STRATEGIC PLAN.
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COMMISSIONER BENDER SECONDED THE MOTION. THE MOTION CARRIED 6-0.
10.
Other Business
There was no other business.
11 . Adiournment
THERE BEING NO FURTHER BUSINESS COMMISSIONER THOMPSON MOVED TO
ADJOURN THE EDA MEETING.
COMMISSIONER BENDER SECONDED THE MOTION. MOTION CARRIED 6-0.
Sandra Peine
City Clerk
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