01-12-2009 EDA MINMEETING OF THE ELK RIVER
ECONOMIC DEVELOPMENT AUTHORITY
HELD AT THE ELK RIVER CITY HALL
MONDAY, JANUARY 12, 2009
Members Present: President Dwyer, Commissioners Morin, Touchette, Tveite (5:50 p.m.),
Westgaard, and Zerwas
Members Absent: Commissioner Klinzing
Staff Present: Community Development Director Jeff Gongoll, Public Works Director
Terry Maurer, Planning Manager ]eremy Barnhart, and Recording Secretary
Jessica Miller
all 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.
Consider Agenda
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER TOUCHETTE TO APPROVE THE JANUARY 12, 2009 EDA
AGENDA. MOTION CARRIED 5-0.
3. Consider Consent Agenda
The following disclosures were offered as they relate to item 3.7.: President Dwyer is the
president and a stockholder in The Bank of F1k River. Commissioner Touchette stated he is
a shareholder in the Riverview Community Bank.
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER WESTGAARD TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. DECEMBER 8, 2008 REGULAR MEETING MINUTES
3.2. CHECK REGISTERS
3.3. BALANCE SHEET (NOT AVAILABLE UNTIL MARCH 1 AUDIT
COMPLETE)
3.4. REVENUE/EXPENDITURE REPORT (NOT AVAILABLE UNTIL
MARCH 1 AUDIT COMPLETE)
3.5. YMCA PAY ESTIMATES AS OUTLINED IN STAFF REPORT
3.6. DESIGNATE THE ELKRIVER STAR NET~SAS THE OFFICIAL EDA
NEWSPAPER FOR 2009
3.7. DESIGNATE THE FOLLOWING BANKS AND INSTITUTIONS AS
EDA DEPOSITORIES FOR 2009:
^ FIRST NATIONAL BANK OF ELK RIVER
^ 4M FUND
^ WELLS FARGO BANK
^ THE BANK OF ELK RIVER
Economic Development Authority Minutes
January 12, 2009
Page 2
^ USBANK
^ RIVERVIEW COMMUNITY BANK (IN OTSEGO)
^ TCF BANG
3.8. APPOINTING COMMISSIONER TVEITE TO THE EDA FINANCE
AND MARKRTING COMMITTEE FOR 2009 AND APPOINTING
COMMISSIONER MOTIN TO THE EDA FINANCE COMMITTEE
FOR 2009
MOTION CARRIED 5-0.
4. n Mik
No one was present for open mike.
5. Election of Officers
MOVED BY COMMISSIONER TOUCHETTE AND SECONDED BY
COMMISSIONER WESTGAARD TO ELECT THE FOLLOWING AS OFFICERS
FOR 2009:
PRESIDENT -PAT DWYER
VICE PRESIDENT - DAN TVEITE
TREASURER - RON TOUCHETTE
SECRETARY - PAUL MOTIN
ASSISTANT TREASURER - NICK ZERWAS
MOTION CARRIED 5-0.
6. Consider Micro Loan Extension for Nicole's Finishing Touch Salon
Mr. Gongoll presented the staff report.
Commissioner Touchette stated he will abstain from discussion on this item as he represents
the applicant's landlord.
Commissioner Motin explained that the Finance Committee discussed the inconsistency of
assessing late fees on Micro Loans and recommended that all pending to date late fees on all
Micro Loans be waived.
MOVED BY COMMISSIONER MOTIN AND SECONDED BY
COMMISSIONER ZERWAS TO APPROVE A ONE-YEAR EXTENSION ON
THE NICOLE'S FINISHING TOUCH SALON, INC. MICRO LOAN AT A 3
INTEREST RATE WITH THE FOLLOWING CONDITIONS:
^ A WAIVER OF PENDING TO DATE LATE FEES
^ A MICRO LOAN EXTENSION FEE TO BE 1% OF THE LOAN
BALANCE
^ FIXED MONTHLY PAYMENTS TO BEGIN FEBRUARY 8, 2009
MOTION CARRIED 4-0. Commissioner Touchette abstained.
Economic Development Authority Minutes Page 3
January 12, 2009
7. Update on 1715 Avenue Focused Area tudy
Mr. Barnhart presented the staff report.
Commissioner Tveite amved (5:50 p.m.).
MOVED BY COMMISSIONER ZERWAS AND SECONDED BY
COMMISSIONER TVEITE TO CALL SPECIAL MEETINGS OF THE
ECONOMIC DEVELOPMENT AUTHORITY AT 5:30 P.M. ON FEBRUARY 17,
2009; MARCH 16, 2009; AND APRIL 27, 2009 FOR THE PURPOSE OF
MEETING JOINTLY WITH THE CITY COUNCIL AND THE PLANNING
COMMISSION TO DISCUSS THE 171sT AVENUE FOCUSED AREA STUDY.
MOTION CARRIED 6-0.
Discuss EDA Goals and Projects for 2009
Mr. Gongoll presented the staff report.
The EDA reviewed 2008 projects and highlights and discussed proposed 2009 goals and
projects, including:
• Update city's Economic Development Strategic Plan
• Complete & implement land use plan for 17150 Focused Area Study
• Initiate strategies to expand city's inventory of industrial and commercial land
• Monitor vacant Target store area for business recruitment or redevelopment
• Implement aggressive business retention & expansion program with manufacturers
The EDA discussed their desire to review all vacant retail and commercial space in the city.
The EDA requested this review be included in the discussion on the update of the
Economic Development Strategic Plan. President Dwyer indicated the EDA's previous
focus has been on industrial and suggested given the economy's impact on retail that the
EDA consider assigning the Marketing Committee review and inventory all of the vacant
commercial retail in the city, and suggest ways the EDA can help property owners market
their space.
Commissioner Touchette suggested that the area north of Guardian Angels facility be
monitored for vacancies (LaRose's, hardware store, and auto parts store), in addition to
options to market the former bowling alley site along Highway 10.
Commissioner Motin asked staff for an update on the post office occupancy near the former
Target store. Commissioner Motin indicated it would be better for EDA to focus and take
the lead on trying to fill vacant space at this time and the HRA may have a role later for
redevelopment. Mr. Gongoll stated that he believes there is a valid role for each authority.
Other Business
President Dwyer welcomed new EDA member Matt Westgaard.
President Dwyer invited everyone to attend the Retail Trade Analysis Workshop scheduled
January 22, 2009, from 9 -10:30 a.m. at City Hall.
Economic Development Authority Minutes Page 4
January 12, 2009
10. Adjournment
There being no other business, President Dwyer adjourned the meeting of the Elk River
Economic Development Authority at 6:07 p.m.
Minutes prepared by Jessica Miller.
/~
Tina Allard, City Clerk
Patrick Dwyer, President