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<br /> <br />Economic Development Authority Minutes <br />March 18, 2024 <br />--------- <br />Page 3 of 4 <br /> <br /> 7.3 General Updates <br /> Mr. O'Neil presented the staff report and provided the following update summaries: <br /> <br />The April EDA meeting: there will be two work sessions in April regarding the Heritage Millwork <br />project and a discussion with a hotel group that would like to work with the EDA and address the <br />commission. There will be a public hearing on the sale of Fox Haven and working with Shoot Steel to <br />close out the TIF. <br /> <br />Thunderstruck closed on the sale of the property on 170th. They are now going through designs to get <br />the project ready to go in late Spring. Staff will be working on accounting with the finance team due to <br />the transfer of property and then bring it back to the EDA and Council for the transaction. <br /> <br />They considered re-engaging in the MN Twins yearbook depending on the train service operations for <br />the games. They did determine they are running the train this year for the games. Staff put together a <br />piece highlighting Elk River and the ability to take the train to the games. <br /> <br />Mr. Mollan put together an annual report for 2023 which is on the website to view. <br /> <br /> <br /> <br /> <br />8. MOTION TO ADJOURN REGULAR MEETING <br /> Moved by Commissioner Wagner and seconded by Commissioner Beyer to adjourn the <br />regular meeting of the Economic Development Authority. Motion carried 7-0. <br /> <br />The regular meeting adjourned at 5:44 p.m. President Tveite called the work session to order at 5:47 <br />p.m. <br />9. WORK SESSION - UPPER TOWN CONFERENCE ROOM <br /> <br /> 9.1 Downtown Electric Vehicle Chargers <br /> Mr. O’Neil presented the staff report. <br /> <br />The Elk River Municipal Utilities (ERMU) recently shared with the EDA its desire to no longer own and <br />operate electric vehicle chargers in the downtown area. Rather than remove them, ERMU inquired <br />whether the EDA would be interested in taking over ownership of the chargers. <br /> <br />ERMU General Manager Mark Hansen and Sara Youngs of ERMU were present to share operational and <br />financial information. <br /> <br />There was a discussion on the costs, rates, locations, and benefits of transferring the electric vehicle <br />chargers to the EDA. The EDA is supportive of taking on the charges and doing an evaluation in the <br />next 18 months. Staff will work on the transition. <br /> <br /> <br />10. MOTION TO ADJOURN WORK SESSION