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07-14-2008 EDA MINMEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, JULY 14, 2008 Members Present: President Dwyer, Commissioners Farber, Klinzing, Touchette, and Zerwas Members Absent: Commissioners Motin and Tveite Staff Present: Community Development Director Jeff Gongoll, Director of Economic Development Catherine Mehelich, Finance Director Tim Simon, and Recording Secretary Jessica Miller 1. Call Meeting 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 Agenda MOVED BY COMMISSIONER KI.INZING AND SECONDED BY COMMISSIONER FARBER TO APPROVE THE JULY 14, 2008 EDA AGENDA. MOTION CARRIED 5-0. 3. Consider Consent Agenda MOVED BY COMMISSIONER KLINZING AND SECONDED BY COMMISSIONER FARBER TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. MAY 12, 2008 REGULAR MEETING MINUTES 3.2. CHECK REGISTERS 3.3. BALANCE SHEET 3.4. REVENUE/EXPENDITURE REPORT 3.5. PAY ESTIMATES (YMCA) MOTION CARRIED 5-0. 4. Open Mike No one was present for open mike. 5. Elect Officer -EDA Vice President President Dwyer indicated that he has spoken to Commissioner Tveite and he is willing to serve as Vice President/Treasurer of the EDA. MOVED BY COMMISSIONER ZERWAS AND SECONDED BY COMMISSIONER FARBER TO APPOINT COMMISSIONER TVEITE AS VICE PRESIDENT/TREASURER OF THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE REMAINDER OF 2008. MOTION CARRIED 5-0. Economic Development Authority Minutes Page 2 July 14, Zoos 6. Appoint EDA Representative to Energy City Commission Commissioner Klinzing stated that she serves as the Council representative on the Energy City Commission and would like to see someone other than a Councilmember serve as the EDA representative to the Commission. She stated that if there are no volunteers she could serve the dual role. Commissioner Touchette expressed interest but needed to check his schedule. This issue will be revisited next month. Update on Restaurant Marketing Activities Ms. Mehelich presented the staff report prepared by Ms. Deckert. Discussion took place and the consensus of the EDA was for staff to maintain contact with restaurant representatives and to provide them with the Retail Trade Analysis Report prepared by the University of Minnesota Extension Service. Commissioner Zerwas suggested taking a location specific approach to restaurant marketing such as locations near the highway or the lake. Commissioner K]inzing concurred adding the area near the commuter rail may be desirable as well. 8. Update on Entertainment Center Proposal Mr. Gongoll provided an update on the entertainment center proposal. He indicated that staff is reviewing the proposed site of the entertainment center but has not received a site plan yet. He added that Ehlers & Associates has requested additional financial information from Energy Entertainment Enterprises, LLC in order to continue the financial review of the project. Mr. Gongoll stated that discussion should take place on what type of development the EDA would like to see in the Gateway Business Park. Commissioner Farber indicated that Mr. Sorensen of Energy Entertainment Enterprises, LLC will be available for the next meeting. President Dwyer stated that the EDA should find out from this group what incentives they are requesting. He stated this will be a polity question for the City and he would like the EDA and Council to discuss incentives at the August 11 worksession. Commissioner Klinzing questioned if a courtesy call has been placed to LeFebrve and Morrell explaining the future plans for the Gateway Business property. Mr. Gongoll stated that he believes Mr. Barnhart has spoken with them. Call EDA Worksho~~int with City Council for August 11.2008 for Gatewav Business Park Discussion Mr. Gongoll indicated that the EDA and City Council will meet in a joint workshop on August 11 to review the activities and discuss issues regarding the Gateway development site and surrounding area. He noted that staff has received recent inquiries into purchasing portions of the property which should be discussed as well. Economic Development Authority Minutes July 14, 2008 10. Other Business Page 3 Commissioner Klinzing indicated that she received formal notification from Target Corporation that the Elk River Target will be closing in October and relocating to Otsego. Ms. Mehelich explained that staff has been in contact with Target Corporation and the owner of the surrounding multi-tenant buildings in an effort to assist with marketing the property. Ms. Mehelich distributed a flyer for the Metal Craft groundbreaking on July 29. 11. Ad'ourn There being no other business, President Dwyer adjourned the meeting of the Elk River Economic Development Authority at 6:12 p.m. Minutes prepared by Jess ~ er. Tina Allard City Clerk