02-12-2007 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes February 12, 2007 6. 7. 8. 9. Page 2 MOVED BY COMMISSIONER DWYERAND SECONDED BY COMMISSIONER FARBER TO APPROVE THE DOWNTOWN BUSINESS REVITALIZATION PROGRAM MICRO LOAN TO DADDY-O'S CAFE IN THE AMOUNT OF $25,000 AS OUTLINED BY THE EDA FINANCE COMMITTEE. MOTION CARRIED 5-0. ~pda on R quest fnr Portion of EDA La d L ated on ~ntv Road 1 Community Development Director Scott Clark stated that representatives of Abiding Savior Lutheran Church had expressed interest in purchasing or exchanging land between their church and the EDA property located off of County Road 1. Mr. Clark indicated that the church's board met and has elected to discontinue any firrther negotiations. He stated that the city's Packs and Recreation Commission has expressed an interest in securing this property from the EDA. He explained that the Pazks and Recreation Commission visions this property as valuable passive open space and a future pedestrian trail development. Mr. Clark indicated that this property would be placed into the park system and included in a future capital improvement program for future trails. MOVED BY COMMISSIONER TVEITE AND SECONDED BY COMMISSIONER DWYER TO INITIATE THE TRANSFER OF THE ECONOMIC DEVELOPMENT AUTHORITY OWNED LAND LOCATED OFF OF COUNTY ROAD 1 TO THE CITY OF ELK RIVER IN ORDER TO BE PLACED IN THE CITY'S PARK SYSTEM. MOTION CARRIED 5-0. Update on Down own R d ~elopme~* Plan T~kfOLCP Director of Economic Development Catherine Mehelich provided' an update on the February 5, 2007 Downtown Redevelopment Plan Taskforce meeting. She indicated that the purpose of the meeting was to heaz from the development community on issues such as what types of downtown development the current mazket wdl sup)~hort. She stated that Frank Dunbaz of Dunbar Development and Mack Moorhouse of Dominjum, Inc., were in attendance to discuss these issues with the taskforce. Ms. Mehelich explained that the developers reiterated that Highwa{~ 10 and the railroad tracks are natural barriers and suggested focusing funds and strate es on the core downtown. They recommended considering light industrial or em loyment centers (ie:, medical, dental, or offices) north of Highway 10. Ms. Mehelich sta d that Mr. Dunbaz and Mr. Moorhouse indicated that a majority of customers ace more co fortable parking on surface parking rather than packing ramps. Ms. Mehelich stated that at the next Taskforce meeting, City Engineer Terry Maurer will be discussing Highway 10 and options for dealing with it. Other Bu in cc -None A~oumment There being no other business, PRESIDENT GONGOLL ADJ~URNED THE MEETING. The meeting of the Elk River Economic Development Authority ac~joumed at 5:50 p.m.