03-14-1994 EDA MIN - Laserfiche WebLink

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PRESIDENT GONGOLL MOVED TO APPOINT BILL RUBIN AS EDA EXECUTIVE DIRECTOR. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 5-0. 6. Financial Update Lori Johnson provide the following financial summary: The Micro Loan Fund cash balance as of February 28, 1994 is $121,065.21. As of March 10, 1994, all March loan payments are current with the exception of PureSteam. Two loans totaling $40,000 have been approved, but have not closed. 7. Consider Committee Recommendation To Select A Company To Undertake A Financial Feasibility Study Reqardinq The Proposed Construction Of A Second Ice Arena COMMISSIONER DWYER MOVED TO HIRE THE MARQUETTE PARTNERS FIRM TO COMPLETE A FINANCIAL FEASIBILITY STUDY FOR A PROPOSED SECOND ICE ARENA, AT A COST NOT TO EXCEED $15,000. PRESIDENT GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 5-0. 8. Consider Discussion Items From Workshop Session On EDA Main Street Site Bill Rubin, President Gongoll and Commission Dwyer provided information on the EDA Main Street Site discussion. 10. Consider 1992 Retail Sales Information For Elk River Bill Rubin reviewed his memo to the EDA regarding the 1992 retail sales estimate for Elk River. 11 . Prospect Status Report This information was provided under separate cover. 12. Other Business Bill Rubin noted that he has been informed that Sherburne County will remain in the Twin Cities Metropolitan Statistical Area (MSA). Bill Rubin informed the EDA that he and Commissioner Dwyer met with Jay Johnson and Tony Emmerich to discuss the business park, and that the developers have expressed their willingness to work with the EDA. - 13. Adiournment There being no further business, COMMISSIONER FARBER MOVED TO ADJOURN THE MEETING. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 5-0.