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12-11-2000 EDA MIN . . . MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, DECEMBER 11, 2000 Members Present: President Dwyer, Commissioners Koenig, Gongoll, Klinzing, Thompson, Farber and Motin Members Absent: None Staff Present: Marc Nevinski; Assistant Director of Economic Development. Pat Klaers; City Administrator, Lori Johnson; Finance Director, and Sandra Peine; City Clerk 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 12/11 /00 Aaenda COMMISSIONER MOTIN MOVED TO APPROVE THE DECEMBER 11, 2000, EDA AGENDA. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 1-0. 3. Consider Consent Aaenda COMMISSIONER FARBER MOVED TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. 11/13/00 MEETING MINUTES - APPROVED 3.2. CHECK REGISTER - APPROVED 3.3. REVENUE/EXPENDITURE REPORT - APPROVED 3.4. BALANCE SHEET - APPROVED COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 1-0. 4. aDen Mike No one appeared for open mike. 5. Leroy Brown Contract Finance Director Lori Johnson explained that an error was discovered in the payment amount of the contract for deed with Leroy and Ruth Brown relating to the business park property purchased by the EDA. She stated that the City Attorney has drafted an amendment to the contract correcting the payment amount and that the Brown's attorney has agreed with the amendment. . . . Economic Development Authority Minutes December 11, 2000 Page 2 COMMISSIONER MOTIN MOVED TO APPROVE THE AMENDMENT TO CONTRACT FOR DEED BY AND BETWEEN LEROY AND RUTH BROWN AND THE ECONMIC DEVELOPMENT AUTHORITY FOR THE CITY OF ELK RIVER AS ATTACHED. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 6. ProTech Micro Loan Marc Nevinski indicated that the Bank of Elk River is requesting that the EDA subordinate its first position on ProTech Engineering's accounts receivable as collateral on a $25,000 line of credit. Mark reviewed the background on the issue. COMMISSIONER GONGOLL MOVED TO APPROVE THE REQUEST BY THE BANK OF ELK RIVER TO SUBORDINATE ITS FIRST POSITION ON PROTECH ENGINEERING'S ACCOUNTS RECEIVABLE. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 7. Strateaic Industrial Marketina Plan Uodate 7.1. Advertisina/Promotions Camoaian Marc Nevinski stated that staff has been working on finalizing the 2001 advertising/promotional campaign. Ads will run in the Twin Cities Business Monthly, Job Shop Technology, the Minnesota Real Estate Journal and its quarterly Leasing Guide. Concepts for the ads include access to venture capital. doing business in the city of Elk River, and access to labor. 7.2. Marketina Aareements/Kev Accounts Marc Nevinski reviewed the projects that staff has been working on from the Strategic Marketing Plan. He noted that staff has been working with property owners in the west business park. Marc indicated that the Strategic Marketing Plan includes establishing a relationship with key accounts. He noted that the purpose of establishing a relationship with key decision-makers is to enhance the city's credibility as a player in the economic development field. Marc indicated that staff has been in contact with United Properties and Kraus-Anderson. He noted that staff would continue to build relationships with the top 10 key accounts. 7.3. Customer Service/Brandina Process City Administrator Pat Klaers updated the EDA on the progress that has taken place with the Customer Service/Branding process of the Industrial Marketing Plan. He noted that progress has been made on the Customer Service project. He indicated that the staff committee has met on three occasions with the consultant to work on the customer service project with the meetings emphasizing industrial prospects and clients. The City Administrator also updated the EDA on the progress that has taken place with the Branding Committee. He explained that the consultant is working with the committee to help the city establish communication standards . . . Economic Development Authority Minutes December 11, 2000 Page 3 and to develop an updated brand. He indicated that it is anticipated that some of the results of this project will incorporate the long-term economic development advertising campaign. 7.4. Other Activities Commissioners Thompson and Gongoll updated the EDA on a committee meeting that took place with some of the downtown business owners. 8. Other Business 8.1. Snowmobile Trail Reauest Marc Nevinski indicated that the City Engineer has reviewed the snowmobile trail access across Tyler as requested by the EDA. He noted that the City Engineer has concluded that the snowmobile access across Tyler is not possible from either the northeast or southeast corner of the EDA property. As a result, the snowmobile trail permit for the EDA property will be limited to an area 300' along the west property line. Marc Nevinski informed the EDA that Solar Attic will be vacating the larger suite of the Incubator, however, they will continue to have their office across the hall. Chair Dwyer thanked Commissioners Farber and Thompson for their service on the EDA and noted that both had many accomplishments while serving on the EDA and Council. 9. Adiournment There being no other business, COMMISSIONER FARBER MOVED TO ADJOURN THE MEETING. COMMISSIONER THOMPSON SECONDED THE MOTION. THE MOTION CARRIED 7-0. The meeting of the Elk River Economic Development Authority adjourned at 6:30 p.m. JtWtu-~akA Sandra Peine City Clerk