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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> • <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Paul Steinman,Director of Economic <br /> Development <br /> DATE: May 6, 1999 <br /> SUBJECT: Agenda Memo for May 10, 1999 <br /> Meeting <br /> 5. 1998 Annual Report Presentation <br /> Staff will present its 1998 Annual Report at the regular EDA meeting. <br /> 6. Energy City Presentation <br /> 4111 Chris Engelman, the new Energy City Coordinator,has an Energy <br /> City presentation prepared for the EDA. This presentation, including <br /> questions & answers, will last approximately 20 minutes. This is the <br /> first in a series of presentations being developed for Energy City. The <br /> presentation for this meeting is to be used to introduce people to <br /> Energy City (i.e. prospective committee members, boards and <br /> commissions, etc.). EDA input on the presentation will be helpful as it <br /> is still in the process of being developed. <br /> 7. Brown/Kirkeide Purchase <br /> Brown Purchase - It appears as though Bud Storm of Evergreen Land <br /> Services has reached an agreement for the city/EDA to purchase Leroy <br /> and Ruth Brown's property in east Elk River. The Brown's attorney is <br /> putting together a purchase agreement at this time. Staff proposes to <br /> outline the parameters of the deal and ask that the EDA authorize <br /> execution of the purchase agreement based upon those parameters. If <br /> the EDA is uncomfortable with this, the alternative will be to hold a <br /> special meeting during which a purchase agreement would be <br /> presented for approval by the EDA. <br /> • <br /> 13065 Orono Parkway • P. O. Box 490 • Elk River, MN 55330-1743 • (612) 441-7420 • Fax (612) 441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />