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03-09-2009 EDA MINMEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, MARCH 9, 2009 Members Present: President Dwyer, Commissioners Klinzing, Motin, Touchette, Tveite, Westgaard, and Zerwas Members Absent: None Staff Present: City Administrator Lori Johnson, Director of Economic Development Catherine Mehelich, Economic Development Assistant Annie Decken, 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 TVEITE AND SECONDED BY COMMISSIONER KLINZING TO APPROVE THE MARCH 9, 2009 EDA AGENDA. MOTION CARRIED 7 -0. 3. Consider Consent Agenda MOVED BY COMMISSIONER MOTIN AND SECONDED BY COMMISSIONER ZERWAS TO APPROVE THE CONSENT AGENDA AS FOLLOWS: 3.1. JANUARY 12, 2009 REGULAR MEETING MINUTES. 3.2. FEBRUARY 17, 2009 SPECIAL MEETING MINUTES. 3.3. CHECK REGISTERS AS OUTLINED IN THE STAFF REPORT. 3.4. BALANCE SHEET AS OUTLINED IN THE STAFF REPORT. 3.5. REVENUE /EXPENDITURE REPORT AS OUTLINED IN THE STAFF REPORT. 3.6. PAY ESTIMATES — YMCA — AS OUTLINED IN THE STAFF REPORT. MOTION CARRIED 7 -0. 4. Open Mike No one was present for open mike. 5. Update on EDA Marketing Committee Meeting Ms. Mehelich presented the staff report. She outlined the Marketing Committee's recommendations for the EDA as follows: ■ Improve exposure of Elk River property listings Economic Development Authority Minutes Page 2 March 9, 2009 • Consider ways to encourage prospective tenants to choose Elk River • Retain/maintain the businesses we have Ms. Mehelich noted that she believes the Comrnittee would rate retaining /maintaining current businesses as the priority. It was the consensus of the EDA to include the EDA Marketing Committee's recommendations as outlined in the staff report as part of the Strategic Plan discussion next month. 6. Consider 2009 — 2010 Business Retention and Expansion Program Ms. Deckert presented the staff report. She stated that there are approximately 50 manufacturing firms in Elk River and staff is recommending visits to all of them She indicated that staff's goal is to complete all visits within a two year timeframe by conducting two or three visits per month. It was the consensus of the EDA to continue the business retention visits because they are informative and interesting both for local businesses as well as staff. Ms. Deckert asked each Commissioner to let her know which firths they are interested in visiting. 7. Consider Proposal from Cincinnatus, Inc. for Update of the Economic Development Strategic Planning Ms. Mehelich presented the staff report. MOVED BY COMMISSIONER TVEITE AND SECONDED BY COMMISSIONER TOUCHETTE TO DIRECT STAFF TO EXECUTE A CONTRACT WITH CINCINNATUS, INC. FOR AN UPDATE OF THE ECONOMIC DEVELOPMENT STRATEGIC PLAN AND TO MEET JOINTLY WITH THE HRA AND THE CITY COUNCIL AT 5:30 P.M. ON APRIL 13, 2009. MOTION CARRIED 7 -0. Ms. Mehelich noted that the proposal includes telephone interviews between Mr. Eklund and all EDA Commissioners. She stated that these interviews are scheduled for the first part of April and asked Commissioners to let her know if they have conflicts. 8. Other Business Commissioner Mot *in stated that he has been informed that the new Post Office retail location near the former Target building is scheduled to open April 11 or 18. Ms. Mehelich indicated those dates are consistent with what staff has been told by the Building Department. 9. Adjournment There being no other business, President Dwyer adjourned the meeting of the Elk River Economic Development Authority at 5:48 p.m Minutes prepared by Jessica Miller. Economic Development Authority Minutes March 9, 2009 — - -- / ------ - - ---- Tina Allard, City Clerk qa`�4 ciz Patrick Dwyer, President Page 3