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Economic Development Authority <br /> February 12, 1996 <br /> Page 2 <br /> 4110 <br /> will include the construction of approximately 12,900 square feet. Bill Rubin <br /> explained that Section 3 of the EDA's contract for Private Development requires <br /> that District 728 obtain a Certificate of Occupancy on or before March 1, 1996, <br /> and it is required to provide a minimum investment of$750,000. He indicated that <br /> the Agreement should be amended because of the revised plans by District 728. <br /> COMMISSIONER DUITSMAN MOVED TO AUTHORIZE THE PREPARATION OF A FIRST <br /> AMENDMENT TO THE CONTRACT FOR PRIVATE DEVELOPMENT WITH INDEPENDENT <br /> SCHOOL DISTRICT NO. 728 TO REFLECT THE FIRST PHASE OF CONSTRUCTION <br /> CONTAINING 12,900 SQUARE FEET WITH AN INVESTMENT OF$900,000. <br /> COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> 8. Update on Upcoming Marketech, Inc. Expansion <br /> Rich Duggan, president of Marketech, Inc., 16864 Highway 10, addressed the EDA <br /> regarding his proposal to expand his existing business by constructing a new 8,000 <br /> square foot facility. Mr. Duggan explained that Marketech currently occupies <br /> 4,350 square feet and employees 24 people. He stated that the expansion will <br /> create a need to employ 5 more people during the next year. Mr. Duggan <br /> indicated,that he is in the process of looking for land on which to build and <br /> further indicated that he will be requesting tax increment financing. He stated <br /> that it his first desire to build in the Elk River Industrial Park. <br /> 9. Consider Concept of Public/Private Business Incubator • <br /> Executive Director Bill Rubin explained the concept of a business incubator. He <br /> indicated that an incubator is intended to provide low-cost space for newly- <br /> formed <br /> ewlyformed or emerging companies. Bill Rubin indicated that in mid-January, he had <br /> the opportunity to attend an open house and tour of a successful business <br /> incubator in Columbia Heights. A video presentation was presented to the <br /> Commissioners to reinforce the concept of the Anoka County business incubator <br /> and its respective players. <br /> Commission Holmgren arrived at this time (6:30 p.m.) <br /> Commissioner Duitsman indicated his interest in this concept. He stated that it <br /> would be beneficial to request a presentation to the EDA and Sherburne County <br /> Board of Commissioners by the Anoka County Economic Development <br /> Partnership on business incubators. <br /> 11. Other Business <br /> 11.1. Sustainable City Showcase <br /> Commissioner Duitsman indicated that as Mayor he has received a <br /> request for the City to consider becoming a Sustainable City Showcase. <br /> Bill Rubin indicated that a Sustainable City Showcase is a project of <br /> Minnesota Environmental Initiative's Energy Alley Task Force. It would be • <br /> the demonstration site of energy efficiency and renewable energy <br />