01-20-2015 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes January 20, 2015 Page 8 Commissioner Provo stated he doesn't disagree but he would have supported an abatement had a business requested one to keep the business located in Elk River. He compared the situation to a zebra, stating it's either a black zebra with white stripes, or a white zebra with black stripes. He felt it doesn't matter as long as they're creating jobs and tax base and didn't feel the focus shouldn't be on what type of zebra it is. Tom Bruce, representing Winkelman Building Corporation explained his work in the truck sales and service centers, and noted the challenge to keep costs down when preparing this type of site for this type of industry, noting space and pavement challenges. Commissioner Wagner asked the EDA if they had agreed on the appropriate price President Tveite indicated he thought it was $2.25 per usable square foot. Commissioner Wagner didn't want to lose out on this opportunity over the difference of $.25 and noted the application has been in process for several months. President Tveite stated the city hasn't ever agreed to a figure of $2.00 but her point was noted. He polled everyone to see where they were at. Commissioners Provo and Olsen felt $2.00 was appropriate. Commissioner Westgaard felt it important to be diligent within the appraisal range and didn't want to be rushed to sell to the first party that came along. President Tveite stated he agreed with Commissioner Westgaard and agreed with a price around $2.25 was more equitable based upon value. Commissioner Burandt struggled with answering this question until a decision was made regarding the amount of abatement, support the city was willing to offer. Commissioner Wagner asked if the appraisal has been provided to the applicant. Mr. Barnhart stated an appraisal is private information and not public. Commissioner Wagner stated she was in favor of the $2.00 range. Commissioner Dwyer stated he was in favor of the $2.25 and in the future wants to avoid negotiating against themselves in a public meeting, especially when a firm purchase offer isn't present. has received enough information and will draft a purchase MUDOW