12-09-1991 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes December 9, 1991 Page 2 . Finance Director, Lori Johnson, reviewed expenses incurred by the EDA through December 5, 1991. She indicated that the total expenses incurred amount to $26,397.65 and that the EDA has a current cash balance of approximately $36,700. COMMISSIONER HOLMGREN MOVED TO APPROVE PAYABLE TO THE CITY OF ELK RIVER IN COMMISSIONER DIETZ SECONDED THE MOTION. Commissioner Tralle was not present for this THE STATEMENT OF EXPENSES THE AMOUNT OF $26,397.65. THE MOTION CARRIED 6-0. item. 6. Approve Chan~es to Marketin~ Brochure Insert and Authorize Printin~ Bill Rubin indicated that he has prepared a draft revised insert regarding Elk River industrial sites for the community marketing brochure. He indicated that he is requesting 2,500 of these inserts to be printed. The EDA reviewed the insert. President Gongoll stated that he felt the City of Elk River brochure is meant to be more generic than specific and indicated that he did not want to be adding more pages to the brochure as new industrial sites and businesses located in Elk River. Commissioner Kropuenske commented that there are several other areas within the City that are zoned industrial and felt that this should be mentioned in the insert. . COMMISSIONER KROPUENSKE MOVED TO APPROVE THE INSERT'S DESIGN WITH THE ADDITION OF A LINE MENTIONING OTHER AREAS WITHIN THE CITY WHICH ARE ZONED INDUSTRIAL AND TO AUTHORIZE ITS PRINTING AND TO PAY CEP ART & DESIGN 1/3 OF THE PRICE, APPROXIMATELY $700. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 6-0. Commissioner Tralle was not present for this item. 7. Accept Deed Conveyin~ Industrial Park Lots to EDA Bill Rubin indicated that the Elk River City Council authorized the execution of a Purchase Agreement with the Associated Investors to purchase the Elk River Industrial Park. He indicated that following the acquisition of the property, the City will convey the title to the EDA and stated that it is necessary to approve the deed which conveys title from the City to the EDA. Bill Rubin indicated that the Elk River Investors have an unplatted parcel, 15 acres in size, which is primarily a drainage area. He further indicated that the Elk River Investors are requesting to add this parcel of property to the Purchase Agreement with no additional cost. Bill Rubin indicated that it is the City's intention to retain this parcel of property for drainage purposes rather than convey title to the EDA. . COMMISSIONER KROPUENSKE MOVED TO ACCEPT THE DEED CONVEYING TITLE FROM THE CITY OF ELK RIVER TO THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF ELK RIVER. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 6-0. Commissioner Tralle was not present for this item.