03-06-1989 CC MIN - Laserfiche WebLink

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e e e Page 4 City of Elk River City Council Minutes March 6, 1989 It was noted that most of the changes are somewhat minor and that the City Attorney needs to add some very general language on pages 18 and 19 of the document that will allow the City Council, by resolution, to set the assessment rates for street reconstruction projects. It was noted that this flexibility is desired because the cost of the improvements can change from year to year and that the City standard used in the past is at an unacceptably low level. The City Administrator noted that if the Assessment Manual was approved at this meeting, then the City Council would be considering a resolution in April or May that would establish these assessment rates. COUNCIL MEMBER HOLMGREN MOVED ASSESSMENT MANUAL AS SHOWN ACCEPT THE CITY DESIGN ST DOBEL SECONDED THE MOTION. T TO APPROVE THE REVI SIONS TO THE CITY N THE REVISED MARCH, 1989, DOCUMENT AND TO ARD S DOCUMENT AS PRESENTED. COUNCILMEMBER MOTION CARRIED 5-0. The City Council took a five m"nute break. 7. Economic Deve opment Coordinator, Richard Fursman Mr. Fursman began his repor by indicating that unlike other City Departmental reports, the Eco omic Development report only covers a span of nine months. Dick was hi ed by the City and began work on March 28, 1988. Therefore, the City E onomic Development Department is less than one year old and basically in its infancy stage of development. Although there has been a g eat deal of growth and maturity within the department, and on the part 0 the EDA, it is still widely accepted that there remains a significant amount of work before the department is on solid ground and efficently organized. Dick reviewed his report with the City Council and discussed the challenges of getting started in the position and getting organized; his efforts to be visible and identified as the City Economic Development Department; major projects that have been worked on in 1988; the Revolving Loan Program; the Business Retention Survey's and Tax Increment Financing. The list of major projects that have been undertaken or involved with the City Economic Development Department in 1988, the list includes Alltool Manufacturing, the Railroad Trail Grant, the Jenne Hardware Store Project, the Riverpark, and the old courthouse project. The Jenne Hardware Store Project received additional discussion by tbe City Council. It was the City Council consensus to continue to work on this project and if approached by Ms. Jenne tbat the City would explore the possibility of purchasing the former hardware and dentist office site if the Hardware Store Project were to be located on a different piece of property. The Revolving Loan Program received additional discussion by the City Council. The Council stressed the importance of this economic development tool and the need for the finance committee to get active immediately in reviewing guidelines and policies for the implementation of this program.