01-11-2010 EDA MIN'~N F THE ELK C
EC ~C 'VL ENT TH [T'
HELTT LKi~ NTH LL
N Y, ~ N i i, ~OiO
Members Present, President Dwyer, Commissioners Klinzing, Motin, Touchette, Tveite,
Westgaard, and Zerwas
Members Absent; None
Staff Present: CityAdministratorLon Johnson, Director of Economic Development
Catherine Mehelich, Economic Development Assistant Annie DeckerC,
Environmental Adn~istrator Rebecca Haug, and Recording Secretary
Jessica Miller
~. Call Meeting To order
.~
Pursuant to due call and notice thereof, the meeting of the Economic Development
Authoritywas called to order at 5;3o p.m. byPresident Dwyer.
2. Consider _ en a
MOVED BY COMMISSIONER TVEITE AND SECONDED BY
COMMISSIONER ZERWAS TO APPROVE THE JANUARY 11, 2010 EDA
AGENDA. MOTION CARRIED 7-0.
3, Consider Consent .A.~enda
MOVED BY COMMISSIONER KLINZING AND SECONDED BY
COMMISSIONER MOTIN TO APPROVE THE CONSENT AGENDA AS
FOLLOWS:
3.1. DECEMBER 14, 2009 REGULAR MEETING MINUTES
3.2. CHECK REGISTERS
3.3. BALANCE SHEET Not available until March 1 audit complete}
3.4. REVENUE/EXPENDITURE REPORT ~N'ot available until March 1 audit
complete}
3.5. DESIGNATE THE .ELKRIV.L.R ~~AR .,~.EU~SAS THE OFFICIAL EDA
NEWSPAPER FOR Z01D
3.G. DESIGNATE THE FOLLOWING BANKS AND INSTITUTIONS AS
EDA DEPOSITORIES FOR2D10:
FIRST NATIONAL BANK OF ELK RIVER
4M FUND
~ WELLS FARGO BANK
THE BAND OF ELK RNER _
~ US BANK
TCF BANK
3.7. APPOINT CATHERINE MEHELICH, DIRECTOR OF ECONOMIC
DEVELOPMENT, A5 THE EDA'S EXECUTIVE DIRECTOR IN 2010
Economic Development Authority Minutes Page 2
January 11, 2410
3.5. APPOINTING COMMISSIONER TVEITE TO THE EDA FINANCE
AND MARKETING COMMITTEE FOR 2010 AND APPOINTING
COMMISSIONER MOTIN TO THE EDA FINANCE COMMITTEE
FOR 2010
MOTION CARRIED 7-0.
4. ~ en Mike
Jeer Glltllph~'ey -distributed and read a letter asking for the resignation of EDA
Commissioner Ron Touchette due to Mr. Touchette's treatment of ERMU staff, city staff,
and legal counsel during a recent dispute over a past due utility bill.
Mr. Touchette denied Mr. Gumphrey's allegations,
Consensus of the EDA was to ref er this issue to the City Council f or fuzther investigation.
5, Election of Officers
MOVED BY COMMISSIONER ZERV~AS AND SECONDED BY
COMMISSIONER MOTIN TO RETAIN THE CURRENT OFFICERS AND
MAKE OFFICER ELECTIONS AT THE FEBRUARY EDA MEETING.
MOTION CARRIED 7-0.
6. Consider Ener~yCityMarketin~ Sponsorhip
Ms. Haug presented her staf f report.
Commissioner Tveite questioned where the funding would come froze. Ms. Mehelich
indicated that the sponsorship funding would come froze the marketing budget. Ms.
Mehelich noted that as part of the sponsorship, economic development wall. have an exhibit
at the EnergyExpo providing financial and business resources. Commissioner Tveite
suggested having a list of available commercial properties available at the Expo.
MOVED BY COMMISSIONER TVEITE AND SECONDED BY
COMMISSIONER KLINZING TO APPROVE A $5,000 SPONSORSHIP TO
ENERGY CITY FOR THE 4TH ANNUAL ENERGY EXPO AND TO
DISTRIBUTE MARKETING MATERIALS AT THE EXPO. MOTION CARRIED
7-0.
7. Discuss EDA Micro Loan -- Ethanol Technolo of MN LLC
Ms. Mehelich presented the staf f report. She stated that the city attorney advised this is a
policy decision,
Jim Campbell, Commercial Loan Officer, First National Bank of Elk River -explained that
the borrower is chronicallypast due and there is no indication he has the capacityto male
payments, Mr. Campbell added that the borrower has f ailed to provide required
documentation to the bank. He noted that the real estate taxes are also in def ault f or two
years. He stated it is the bank's intention to move f orward with collection of the bank loan.
He questioned if the EDA is interested in being represented bythe bank's legal counsel for
collection of the EDA's micro loan.
Economic Development Authority Minutes
January ~ ~, 20 ~ 0
Page 3
President Dwyer indicated he would be willing to meet with staff and Mr, Campbell as EDA
representative to discuss the details and review possible resolution options.
MGVED BY COMMZSSIGNER MaTIN AND SECGNDED BY
CGMMISSIONER WESTGAARD TD AUTHORIZE PRESIDENT DwYER AND
ECaNOMIC DEVELOPMENT STAFF T4 INVESTIGATE ALTERNATIVES
FOR L4AlV RESOLUTI4NAND PRaCEED ACCGRDINGLY. ll~IGTIGN
CARRIED 7-0,
Mr. Dwyer stated he will meet ~~th Mr. Campbell and report backto the EDA at the next
meetrng.
8. other Business
It was noted that a joint meeting with the City Council and Planning Commission wall be
held February 8, 200, to discuss the Focused Area Study,
9. Adiounlment
There being no other business, President Dwyer adjourned the meeting of the Elk River
Economic Development Authority at 6. ~3 p.m.
Minutes prepared by~essica Miller.
..-~°
Tina Allard, City Clerk
~T
Patrick Dwyer, President