09-10-1990 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes September 10, 1990 Page 4 e ECONOMIC DEVELOPMENT COORDINATOR HAVE BEEN DETERMINED. HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 6-0. COMMISSIONER All 8 candidates were reviewed by the EDA. By unanimous consensus it was determined that the interview committee would hold interviews with Mr. John Meyer, Mr. William Rubin, Mr. Kevin Maas and Ms. Carol Bordenkircher for the position of Economic Development Coordinator. By process of elimination and reviewing scheduling conflicts, it was determined that Wednesday, October 3, would be the appropriate date for conducting interviews for the Economic Development Coordinator position. Staff was instructed to set up interviews for 45 minutes each, beginning at 3:00 p.m. 9. Prospect Status Reports Mike Mulrooney, Economic Development Consultant, reviewed with the EDA his 9/7/90 memo where he outlined the status of four business prospects that have been discussing Elk River with him. Mr. Mulrooney indicated that Prospect #1 was not coming to Elk River due to a variety of circumstances outside the City's control. e Mr. Mulrooney indicated that Prospect #2 desires a Spring construction date and that the EDA may be asked to consider a maximum $50,000 revolving loan request. Mr. Mulrooney indicated that Prospect #3 has already received a proposal from the EDA. This proposal is under consideration by the company. This proposal included an approximately $30,000 offer from the EDA revolving loan fund. Mr. Mulrooney indicated that Prospect #4 was a recent contact and that he has only had preliminary discussions with this firm. More information will be provided to the EDA on this company in the future. 10. Le~islative Update Mr. Mulrooney briefly updated the EDA as to Federal Legislative proposals under consideration as outlined in his 9/7/90 memo. The two pieces of legislation discussed by the EDA and Mr. Mulrooney were the Rural Development bill and the Industrial Revenue Bond Extension. 11. Other Business e 11.1 Roma Tool Mr. Mulrooney updated the EDA on the current discussions with Roma and the City Auditor. Additional information will be provided by Roma to the City Audit firm. The Executive Director noted that a letter regarding this issue had been received from former Economic Development Coordinator, Dick Fursman.