09-09-1991 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes September 9, 1991 Page 3 . competing bond issues occuring before and immediately following Columbus Day (October 14). COMMISSIONER TRALLE MOVED TO HOLD THE OCTOBER ECONOMIC DEVELOPMENT AUTHORITY MEETING ON OCTOBER 17, 1991, 7:00 P.M. AT THE ELK RIVER CITY HALL TO CONSIDER REGULARLY SCHEDULED AGENDA ITEMS AND TO CONSIDER THE AWARD OF THE PUBLIC PROJECT REVENUE BONDS. COMMISSIONER KROPUENSKE SECONDED THE MOTION. THE MOTION CARRIED 7-0. COMMISSIONER KROPUENSKE MOVED TO ADOPT RESOLUTION 91-2, A RESOLUTION RELATING TO APPROXIMATELY $2,750,000 CITY HALL AND LAW ENFORCEMENT FACILITY FINANCING DETERMINING THE NECESSITY THEREFORE AND AUTHORIZING CERTAIN PROCEEDINGS THEREFORE. COMMISSIONER TRALLE SECONDED THE MOTION. THE MOTION CARRIED 7-0. 7. Consider Economic Develonment Consultant Retainer . Pat Klaers, Executive Director, indicated that the EDA had previously raised questions regarding the ongoing $500 monthly retainer with Advance Resources. The Executive Director indicated that staff is requesting to continue with some revisions made to the retainer contract. He stated that he felt the City can benefit through a retainer contract in terms of ensuring that Advance Services will be available to work on City projects. He further indicated that he would rather see a consultant involved in issues from the beginning of the issue. The Executive Director suggested reducing the retainer contract to 4 hours per month. Commissioner Kropuenske indicated that with the existing staff expertise in the economic development area, he does not feel the necessi ty to pay for a consultant to attend the bi -monthly consultant meetings. Commissioner Dietz indicated that he feels the Economic Development Consultant should be used on an hourly basis. He further indicated that he does not feel it is necessary to pay for the consultant on a retainer basis. President Gongoll indicated that the benefits of using the Economic Development Consultant on a retainer basis pointed out by Pat Klaers were valid. He indicated that the City's Consultant has expertise in certain areas and feels that to use the Economic Development Consultant on an hourly basis is shortsighted. He indicated that the City needs the retainer for a comfort level and feels that the retainer fee is reasonable. . Commissioner Dwyer indicated that any deal in which the EDA is involved will require financial structuring and indicated that financing is one of Mike Mulrooney's strong points and further indicated that he felt Mike Mulrooney should be used on a continual basis. Commissioner Holmgren indicated, however, that there are two members of the EDA that have banking and financial expertise.