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04-10-2000 EDA MIN e MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, APRIL 10, 2000 Members Present: President Dwyer, Commissioners, Gongoll, Klinzing, Thompson, Farber, and Motin Members Absent: None Staff Present: Marc Nevinski, Acting Director of Economic Development; Sandra Peine, City Clerk; and Pat Klaers, City Administrator 1. Call Meetina To Order Pursuant to due call and notice thereof, the meeting of the Economic Development Authority was called to order at 5:30 p.m. by President Dwyer. 2. Consider 4/1 0/00 Aaenda The following item was added to the agenda: Chamber discussion e COMMISSIONER FARBER MOVED TO APPROVE THE APRIL 10, 2000, EDA AGENDA. COMMISSIONER MOTlN SECONDED THE MOTION. THE MOTION CARRIED 6-0. 3. Consider Consent Aaenda COMMISSIONER MOTIN MOVED TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. MARCH 13, 2000, EDA MINUTES - APPROVED 3.2. EDA CHECK REGISTER - APPROVED COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 6-0. 4. Open Mike No one appeared for open mike. 5. Appointment of Larrv Koenia to EDA President Dwyer recommended the appointment of Larry Koenig to the EDA. President Dwyer introduced Mr. Koenig. Larry Koenig introduced himself to the EDA and gave a history of his background relating to the City of Elk River. e COMMISSIONER KLINZING MOVED TO RECOMMEND THE APPOINTMENT OF LARRY KOENIG TO THE EDA TO REPLACE TOM BENDER WHO RECENTLY RESIGNED AND TO COMPLETE BENDER'S TERM ENDING 12/31/00. COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 6-0. 6. Update of Strateaic Industrial Marketina Plan - Anita Dukor Economic Development Authority Minutes April 10, 2000 Page 2 e Marc Nevinski introduced Marketing Consultant Anita Dukor. Due to time limitations, Anita gave a very brief presentation of the Strategic Industrial Marketing Plan. She commended those on the Marketing Committee and indicated that the committee has made a lot of progress on the Plan. Anita reviewed the components of Phase I, Information Analysis, and Phase II, Assessment, of the Marketing Plan. She stressed that the document is a working document and needs to be reviewed and revised regularly. Anita talked about the next phase of the Plan which will be Strategy Development and indicated that she will be back in June to review the complete Marketing Plan with the EDA. 7. Public Hearina for Adoption of Tax Rebate Financina Policy Marc Nevinski indicated that the Tax Abatement Policy before the EDA is a second draft and incorporates the comments previously made by the EDA. The policy was reviewed by the EDA. It was the consensus to strike the second sentence in (IV.d.). Discussion was held regarding the "but-forN test in section (V.c.). It was the consensus that the "but-forN demonstration should be included in the application. President Dwyer opened the public hearing. There being no one for or against the matter, President Dwyer closed the public hearing. e COMMISSIONER GONGOLL MOVED TO RECOMMEND ADOPTION OF THE TAX REBATE FINANCING POLICY WITH THE AMENDMENT TO SECTION IV.D. COMMISSION THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 6-0. 8. Consider Tax Rebate Financina Application - John Weicht. R&W Enterprises Marc Nevinski provided the EDA with an update of John Weicht's request. He noted that Mr. Weich is requesting to use tax rebate financing in the construction of an 18,000 s.f. multi-tenant industrial building in the McChesney Industrial Park. He is requesting that taxes on the project be rebated for a period of four years. Marc reviewed the details of the request. The EDA discussed issues conceming the "but-forN analysis and how to keep track of future goal requirements. Commissioner Klinzing questioned how to tell if the figures used are conservative. It was the consensus of the EDA to continue this item to a time when the applicant could be present. 9. Consider Reauest by Ed palmer of SolarAttic for Incubator Sub-Lease Extension Marc Nevinski noted that SolarAttic's lease will be expiring on April 14, 2000, and the company is requesting an extension of the lease for up to a year. He noted that this would be SolarAttic's second extension. Marc indicated that staff's recommendation is to renew the lease at market rate. e Mr. Ed Palmer, CEO of SolarAttic encouraged the EDA to continue with the Incubator Program. Mr. Palmer requested an extension of four months. e e . Economic Development Authority Minutes April 10, 2000 Page 3 COMMISSIONER THOMPSON MOVED TO GRANT A LEASE EXTENSION TO SOLARATTlC ON A MONTH- TO-MONTH BASIS FOR A TWELVE MONTH PERIOD WITH TERMS OF $2.25 CASH PER S.F. PLUS $2.25 PER SQUARE FOOT PAYABLE AFTER THE FIRST FOUR MONTHS EXTENSION, AND $4.50 CASH PER S.F. PER MONTH AFTER THE FIRST FOUR MONTHS AND WITH 90 DAYS NOTICE IF SPACE IS LEASED. COMMISSIONER FARBER SECONDED THE MOTION. Commissioner Dwyer indicated that he would vote against the motion as he feels the Incubator is a temporary arrangement and because SolarAttic has already extended its lease. THE MOTION CARRIED 5-1. PRESIDENT DWYER VOTED NAY. 10. Consider Renewina Lease of Business Incubator Marc Nevinski suggested that he contact Larry Hickman and request a month extension on the lease of the Incubator building to allow the EDA to continue this discussion at a later date. It was the consensus of the EDA to discuss this at a special EDA meeting. 11 . Other Business Chamber Commissioner Gongoll indicated that Renee Sandee has resigned as Chamber of Commerce Executive Vice President. He stated that anyone who has information on possible candidates for the position should contact him. Uodate of Economic Develooment Director Search The City Administrator updated the Council on the search for the Director of Economic Development. 12. Adiournment There being no other business, COMMISSIONER MOTIN MOVED TO ADJOURN THE MEETING. COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 6-0. The meeting of the Elk River Economic Development Authority adjourned at 7:20 p.m. Sandra Peine City Clerk