12-13-1999 EDA MIN
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MEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, DECEMBER 13, 1999
Members Present:
President Dwyer, Commissioners Bender, Gongoll, Klinzing,
Thompson, Farber, and Motin
Members Absent:
None
Staff Present:
Paul Steinman, Director of Economic Development; Assistant
Director of Economic Development Marc Nevinski; City Clerk,
Sandra Peine
1. Call Meetina To Order
Pursuant to due call and notice thereof, the regular meeting of the Economic
Development Authority was called to order at 6: 1 0 p.m. by President Dwyer.
2.
Consider 12/13/99 Aaenda
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COMMISSIONER FARBER MOVED TO APPROVE THE DECEMBER 13,1999, EDA
AGENDA.
COMMISSIONER KLINZING SECONDED THE MOTION. THE MOTION CARRIED 7-0.
3.
Consider Consent Aaenda
COMMISSIONER MOTIN MOVED TO APPROVE THE CONSENT AGENDA AS FOLLOWS:
3.1. EDA CHECK REGISTER - APPROVED
3.2. 11/08/99, EDA MINUTES - APPROVED
COMMISSIONER BENDER SECONDED THE MOTION. THE MOTION CARRIED 7-0.
4. Open Mike
No one appeared for open mike.
5.
Selection of Marketing Consultant
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President Dwyer noted that the marketing committee has just finished
interviewing two marketing consultants. Paul Steinman indicated that the
marketing committee consists of the following members: Jim Barthel, Elk River
Machine; Gary Santwire, River's Crossing, Inc.; Chris Carlson, Sportech, Inc.; Renee
Sande, Elk River Area Chamber of Commerce; Dr. David Flannery, School District
# 728; Jim Simpson, Bank of Elk River; and Daryl Thompson, EDA/Council. Paul
Steinman noted that the committee interviewed two consultants who had
submitted proposals to develop the city's Economic Development Strategic
Marketing and Sales Plan. The two consultants interviewed were: Anita Dukor of
Dukor and Associates, and Janna King. He noted that Anita Dukor's proposal
came in at about $12,500 and Janna King's proposal at about $6,000. Paul
EDA Minutes
December 13.1999
Page 2
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Steinman reviewed the strategies of the two consultants and noted that the
marketing committee has recommended that the city hire Anita Dukor of Dukor
and Associates.
COMMISSIONER KLINZING MOVED TO HIRE ANITA DUKOR OF DUKOR AND
ASSOCIATES TO COMPLETE A MARKETING PLAN. COMMISSIONER THOMPSON
SECONDED THE MOTION, THE MOTION CARRIED 7-0.
6. Update on Various Proiects
Micro Loans - Marc Nevinski, Assistant Director of Economic Development noted
that one of the recent revisions to the micro loan funds policy included the
establishment of a fixed rate of interest for each loan. He noted that staff is
recommending negotiated fixed rates for the eight outstanding variable rate
loans. President Dwyer suggested fixing the payment at a constant rate and
then having a balloon at the end to cover the fluctuation in the variable interest
cost. The EDA concurred with President Dwyer's suggestion.
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Paul Steinman updated the EDA on the West Business Park Project the East
Business Park Project, the McChesney Industrial Park Project and the status of the
Business Incubator. Paul Steinman talked about a new economic development
tool called Tax Abatement and discussed the differences between tax
abatement and tax increment. Paul Steinman also discussed at length the status
of the Business Incubator. He indicated that the lease on the facility is up April 15,
2001, and noted that it appears the facility will be vacant on April 15, of 2000.
President Dwyer suggested putting this issue on the April 15 agenda, to allow the
EDA to discuss the future of the Business Incubator.
7.
Other Business
Paul Steinman noted that Jeff Gongoll's term on the EDA will be expiring on
December 31, and that Jeff has requested reappointment. Paul Steinman
informed the EDA that Lloyd Brutlag has submitted his resignation to the Finance
Committee. Paul indicated he is open for suggestions on filling the vacancy.
8. Adiournment
There being no other business, COMMISSIONER FARBER MOVED TO ADJOURN THE
MEETING. COMMISSIONER MOTIN SECONDED THE MOTION. THE MOTION CARRIED
7-0.
The meeting of the Elk River Economic Development Authority adjourned at 6:47
p.m.
Sandra Peine
City Clerk
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