09-12-2005 EDA MIN - Laserfiche WebLink

Home Browse Search

Economic Development Authority Minutes September 12, 2005 Page 2 Technical Assistance Program - Ms. Steinmetz provided background information regazding the $5,000 match grant from the Initiative Foundation regazding the two-year partnership program with Minnesota Technology, Inc. (MTI). She noted that recently Elk River Machine received a $2,000 Technical Assistance Program grant for strategic planning assistance provided by MTI. She stated that the grant period actually ended on May 31~, but staff requested and received an extension until the end of 2005. 2. Joint Event with MTI - Ms. Steinmetz stated that the purpose of the event was to provide an education experience to azea manufacturers and to promote the Technical Assistance Program. MTI representatives commented that it was one of the best- attended events they have hosted, with approximately 40 people attending. 3. Minnesota Manufacturing and Technology Week, October 17-21, 2005 - Ms. Steinmetz explained that staff is working with the Elk River Area Clraarber of Commerce on this event which will include a tour of two local manufacturers, a luncheon, and speaker. President Gongoll noted that the site visits will hopefully be held at Gradient Technology and Orluck Industries. Dr. Fred Zimmerman, an expert in the manufacturing industry senor, will be the speaker. He noted that the luncheon is proposed to be held at the City's EOC (Emergency Operations Center). President Gongoll stated that he also attended the MTI event and it was well-attended by local manufacturers of Elk River and surrounding communities. 6. Northstar Business Park Update Ms. Steinmetz reviewed the Northstaz Business Park project schedule, noting that the City Council approved the bid and awarded the contract for the improvements to Northdale Construction Company. She noted that tree clearing and grading has begun on the site. The City Council will hold the assessment hearing and consider adopting the assessment roll on October 3~d. The prospective buyers will be closing on the properties in late September/early October. At that time the properties will be ready for construction. Ms. Steinmetz asked the Commission to provide feedback on the concept design of the entrance monument sign. Commissioner Moon asked if the there would be any City control of the property, once the project is fully built-out. He stated that he had a concern using the City logo if the City no longer has control over the property in the future. Corxurrissioner Dwyer asked how many lots will be left after the pending sales are completed. Ms. Steinmetz stated there will be 3 - 41ots left. Ms. Steinmetz stated that the sign could be designed so that the Elk River logo could be removed when the project is sold out. Comtnissioner Klin~ing suggested that the sign could read "a project of the City of Elk River" and list the names of the businesses. Ms. Steinmetz stated that staff will work on a revision. Consider Micro Loan for Provo Enterpxises, LLC (Alliance Machine, Inc. Property) Ms. Steinmetz stated that the City Council has approved Tax Abatement for Provo Enterprises, LLC in addition to the Sherburne County Board of Commissioners. Ms.