09-11-1995 EDA MIN - Laserfiche WebLink

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Economic Development Authority Meeting September 11, 1995 Page 2 6. Consider September EDA Rnancial Statement Assistant City Administrator, Lori Johnson submitted the statement of financial activity for the period ending August 31, 1995. As of that date, the micro-loan had a cash balance of $111,708, which also takes into consideration the $50,000 loan made to Custom Cutter Grinding. As of August 31, 1995 the block grant micro-loan fund had a cash balance of $42,883. The cash balance of the EDA due to a repayment of funds from the youth hockey association, was $50.701. 10. Review and Comment on a Conditional Use Permit Requested by School District No. 728 (Lot 8, Block 1, Elk River Industrial Park) President Gongoll stated that he will act as a facilitator but will abstain from any decisions on this issue, due to his involvement with the school board. Bill Rubin informed the EDA that District 728 has applied for a conditional use permit and would construct a 21,000 square foot maintenance facility on Lot 8, Block 1, Elk River Industrial Park. Commissioner Dwyer had concerns that landscaping should cover the dock doors. Commissioner Duitsman supported the use of berming. Bill Rubin informed the EDA that the dock is considered a depressed dock, so there is a minimal opportunity for a vehicle to be there for any long period of time. However, sufficient berming in the front yard is needed. The site plan also indicated a storage yard near the rear portion of the lot. The School District considers this an element that will be undertaken in the future. Outside storage is permitted in industrial areas as long as it is screened. The consensus was to authorized Bill Rubin, Executive Director, to communicate concerns and comments of the Economic Development Authority to the Planning Commission's public hearing on September 26, 1995 and to the City Council on October 2, 1995. 11. Other Business 11.1 Presentation and Update from ECM Publishers, Inc. Pat Klaers, City Administrator, introduced Jeff Athmann, President, and Bob Cole, Marketing Manager, of ECM Publishers, Inc.. ECM Publishers, Inc. is proposing the acquisition and renovation of the former County Administration Building at U. S. Highway 10 and King Ave. Jeff Athmann, and Bob Cole explained ECM's goals and needs for building and parking. The current need is 16,000 square feet; future needs would require a 30,000 square foot facility, .and possibly, 45,000 square feet. At some point ECM would need 60,000 square feet.