08-09-2004 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes August 9, 2004 Page 4 MOVED BY COMMISSIONER TVEITE AND SECONDED BY COMMISSIONER DWYER TO APPROVE THE YEAR 2005 EDA BUDGET AS PRESENTED. MOTION CARRIED 5-0. Ms. Mehelich reviewed the proposed Year 2005 Business Incubator Budget. Commissioner Dwyer stated that there is never an accounting of the billable hours in regards to the amount paid to Harlan Jacobs and that he would not vote for approval because of that reason. President Gongoll stated that Mr. Jacobs is working towards improving this situation and will be at next month's meeting. Staff was directed to ask Harlan Jacobs for a statement defining billable hours. Commissioner Motin inquired as to the kind of agreement we have with Genesis Business Centers. Ms. Mehelich stated that she has not found a formal contract, only an initial contract for evaluating the feasibility of the program with an initial evaluation fee. For the past 5-6 years he has been paid at the rate of $500 per month and that was adjusted in 2003 to $1,000 per month. She stated that when the rate was increased there was a request made by the EDA to have semi-annual annual reports on his work with the existing tenants as well as his recruitment of other tenants. She stated that he is meeting that request. MOVED BY COMMISSIONER GONGOLL AND SECONDED BY COMMISSIONER KUESTER TO APPROVE THE BUSINESS INCUBATOR BUDGET. MOTION CARRIED 4-1. Dwyer voted nay because of payments to the consultants; not opposed to the Incubator Program. 9. Other Business 9.1 Advisory Board & Commission PolicX Ms. Mehelich stated the commissioners should mark their calendar for a joint meeting with the city council for Monday, October 11, for agoal-setting session. 10. Adjournment There being no other business, the meeting of the Elk River Economic Development Authority adjourned at 6:34 p.m. Joan Schmidt City Clerk