06-06-1994 EDA MIN - Laserfiche WebLink

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SPECIAL MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, JUNE 6, 1994 Members Present: President Gongoll, Commissioners Holmgren, Duitsman, Scheel, Dwyer, Farber, and Dietz Members Absent: None Staff Present: Bill Rubin, Executive Director; Sandra Thackeray, City Clerk 1 . Call Meetinq To Order Pursuant to due call and notice thereof, the special meeting of the Elk River Economic Development Authority was called to order at 5:45 p.m. by President Gongoll. 2. Consider June 6, 1994, EDA Agenda The June 6, 1994, EDA agenda was approved by consensus of the EDA. 3. Public Hearina: Proposed Sale of approximately 2.17 acres of land to Alltool Manufacturing Company, Inc. 4. Consider a Quit Claim Deed conveyinq approximately 2.1 7 acres of land to Alltool Manufacturinq Company, Inc. Executive Director Bill Rubin informed the EDA that Alltool Manufacturing Company, Inc., is proposing a 40,000 square foot expansion to its existing 85,000 square foot facility in the Elk River Industrial Park. He indicated that the proposed expansion will begin to exceed certain provisions of the Uniform Building Code relative to the need for a fire lane and for additional setback areas for the building. He further explained that Alltool's existing site cannot accommodate both of these requirements. He indicated that he is requesting the EDA to consider conveying a 100 foot strip of property which is currently owned by the EDA to Alltool. He stated that the strip of property is located to the west of Alltool, is unplatted, and is not considered a viable industrial site. President Gongoll opened the public hearing. Commissioner Dwyer questioned whether Alltool would be requesting other financial assistance such as Tax Increment Financing from the City. Bill Rubin indicated that Alltool would not be requesting any other TIF assistance from the City. Commissioner Dwyer stated that it seemed to be a good idea conveying park of an EDA-owned site to Alltool in order to assist the company with a significant expansion in Elk River. There being no comments from the public, President Gongoll closed the public hearing.