10-08-1990 EDA MIN - Laserfiche WebLink

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e e e Economic Development Authority Minutes October 8, 1990 Page 2 Lichter will make a presentation to the EDA at the November meeting regarding this issue. Commissioner Schuldt arrived at this time - (7:10 p.m.). 8. Revolvin~ Loan Fund Quarterly Reoort Finance Director Lori Johnson presented the quarterly statement of the Revo 1 v ing Loan Fund. She noted that the September 31, 1990, cash balance in the Revolving Loan Fund is $101,829.13. 9. Le~islative Uodate Economic Development Consultant Mike Mulrooney presented the EDA with information regarding recent program and law changes that affect economic development. The two topics discussed were "Tax Increment" and "Prevailing Wage". Discussion was held by the EDA regarding methods to recapitalize the Revolving Loan Fund. Mr. Mulrooney stated that there are several ways in which to refund the Loan Fund. He stated that some of the methods the EDA may wish to consider are excess TIF funds, grants, or locally raised funds. 6. Economic Develooment Coordinator Interview Chairman Tralle introduced Bill Rubin to the EDA members and staff. Chairman Tralle indicated that Mr. Rubin was interviewed for the Economic Development Coordinator position and was the chosen as the top candidate by the interview board. He indicated that Mr. Rubin was present tonight so that EDA members could meet him and ask any questions that they may have. Mr. Rubin presented samples of marketing projects that he had been involved in at his last place of employment. He also presented a video which he was responsible for producing which marketed the City of Coon Rapids. The EDA reviewed the material presented and viewed the video. The EDA and Staff interviewed Mr. Rubin and discussed his econo'mic development background along with the current and future economic development efforts in Elk River. The EDA recessed at 8:20 p.m. and reconvened at 8:25 p.m. COMMISSIONER KROPUENSKE MOVED TO AUTHORIZE THE CITY ADMINISTRATOR TO ENTER INTO NEGOTIATIONS WITH WILLIAM RUBIN FOR SALARY AND STARTING DATE AND TO RECOMMEND TO THE CITY COUNCIL TO HIRE WILLIAM RUBIN AS ECONOMIC DEVELOPMENT COORDINATOR FOR THE CITY OF ELK RIVER. COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 6-0.