04-11-1994 EDA MIN - Laserfiche WebLink

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EDA Meeting Minutes April 11, 1994 Page 3 8. Consider Extendina a Riqht of First Refusal to Tescom Corporation COMMISSIONER HOLMGREN MOVED TO REQUEST THE EDA EXECUTIVE DIRECTOR TO DRAFT TERMS AND CONDITIONS FOR AN OPTION AGREEMENT BETWEEN THE ELK RIVER EDA AND TESCOM CORPORATION FOR LOT 1 , TlF DISTRICT NO.9. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 6-0. 9. Consider Leaislative Issues Involvina Tax Increment Financing Bill Rubin reviewed his memo regarding TIF legislative issues. COMMISSIONER DWYER MOVED TO COMMUNICATE THE EDA'S SUPPORT OF THE LEGISLATIVE INITIATIVES TO THE STATE REPRESENTATIVE AND SENATOR. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 6-0. 10. Consider Recommendation from the Business Park Task Force to Enqaqe MSA Consultinq Engineers to Assist with Business Park Desiqn and Cost Ootions COMMISSIONER HOLMGREN MOVED TO ENGAGE MSA CONSULTING ENGINEERS TO ASSIST WITH THE PROPOSED BUSINESS PARK DESIGN AND INFRASTRUCTURE COST ESTIMATES. PRESIDENT GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 6-0. 11. Discuss Potential Options to Assist with the Relocation of Custom Motors, 13913 Highway 10 Bill Rubin explained a proposed zone change for 15 acres of 1-1 (light industrial) property to R-1 b (single-family residential) on the north side of Highway lOwest. He stated that if the rezoning is approved, Custom Motors will have five years to relocate their business because of the incompatible zoning. Bill Rubin stated that the Planning Commission tabled action on the rezoning until financing programs were identified. Bill Rubin stated that no action is required at this time and that the EDA will be advised on Council action. Discussion followed regarding the environmental report for the Custom Motors property. 12. Aopoint EDA Commissioner to the Comprehensive Plan Steerinq Committee COMMISSIONER HOLMGREN MOVED TO APPOINT PAT DWYER TO SERVE AS THE EDA REPRESENTATIVE ON THE COMPREHENSIVE PLAN STEERING COMMITTEE. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 6-0. 13. Discuss Revision to the Micro-Loan Policy Guidelines Members of the EDA discussed possible changes in the Micro-Loan Policy guidelines. Commissioner Dietz stated that he was not in favor of increasing loan limits and risking the possibility of running out of money.