3.1. EDSR 02-13-2012 - Laserfiche WebLink

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Economic Development Authority Minutes January 9, 2012 Page 3 Commissioner Motin stated that the EDA is exercising its intent to sell, but wished to confirm that the actual sale terms will be reviewed bythe EDA. Ms. Deckert indicated this motion begins the negotiating process and that the purchase agreement will come back Commissioner Zerwas questioned if CDI is still on board with doing some shared costs and being active in getting services restored to the northern lot and the road up front. Ms. Deckert stated that those discussions will be held in the future. MOVED BY COMMISSIONER WESTGAARD AND SECONDED BY COMMISSIONER GUMPHREY TO AUTHORIZE STAFF TO MOVE FORWARD WITH THE LOT SPLIT AND SALE OF 4.8 ACRES TO CRYSTAL DISTRIBUTION, INC. MOTION CARRIED 7-0. 8. Authorization to Use Development Funds to Cover Costs Associated with the 171St Area Phase 1 Improvements Mr. Femrite presented his staff report. MOVED BY COMMISSIONER MOTIN AND SECONDED BY COMMISSIONER DWYER TO AUTHORIZE $700,000 FROM THE ECONOMIC DEVELOPMENT AUTHORITY FUND TOWARDS THE 171sT AVENUE AREA PHASE 1 IMPROVEMENTS AS OUTLINED IN THE STAFF REPORT. MOTION CARRIED 7-0. 9. Discuss Initiative Foundation Request Ms. Deckert presented the staff report. Commissioner Motin stated he would be opposing this request as he doesn't feel this is a good use of EDA funds. President Tveite concurred MOVED BY COMMISSIONER ZERWAS AND SECONDED BY COMMISSIONER DWYER TO APPROVE THE 2012 REQUEST BY THE INITIATIVE FOUNDATION FORA $2,500 DONATION WITH FUNDING COMING FROM THE EDA MISCELLANEOUS LINE ITEM .MOTION CARRIED 5-2. Commissioners Motin and Tveite opposed. 10. Other Business Mr. Wilfahrt provided a branding updated as outlined in his staff report. 11. Adjournment There being no other business, President Tveite adjourned the meeting of the Elk River Economic Development Authority at 6:13 p.m. Minutes prepared by Jessica Miller. Dan Tveite, President