03-11-1996 EDA MIN - Laserfiche WebLink

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Economic Development Authority Minutes March 11,1996 Page 3 e ---------------------------------------------------- · TO APPROVE AND RECOMMEND THAT THE CITY COUNCIL APPROVE A DEVIATION FROM THE TIF POLICY AND ALLOW A 17 PERCENT MAXIMUM TIF SUBSIDY; · TO RECOMMEND THAT THE CITY COUNCIL APPROVE THE MARKETECH CMIF LOAN REQUEST RESOLUTION COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 9. Discussion of March 4, 1996, Business Incubator Worksession Discussion was held regarding the business incubator concept that was reviewed at the March 4, 1996, business incubator worksession. President Gongoll indicated that this type of activity should be pursued by the EDA. He indicated that the City needs to consider issues such as available space; types of companies the city will be pursuing; local investment; and whether the County wishes to be involved in the process. Commissioner Holmgren suggested organizing a subcommittee to begin the process for this type of project. President Gongoll suggested inviting Harlan Jacobs to speak to the EDA regarding the formation of a task force. March 25 was suggested for this meeting, however, the meeting was not officially called at this time. COMMISSIONER BENDER MOVED TO FORM A BUSINESS INCUBATOR SUBCOMMITTEE CONSISTING OF THE FOLLOWING MEMBERS: e . JEFF GONGOLL HANK DUITSMAN PAT DWYER PAT KLAERS . . . COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. COMMISSIONER BENDER MOVED TO AUTHORIZE THE BUSINESS INCUBATOR SUBCOMMITTEE TO EXTEND UP TO $5,000 ON AN AGREEMENT WITH HARLAN JACOBS. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. 10. Other Business · Commissioner Duitsman indicated that Paul LeFebvre and Larry Morrell have indicated that they are interested in relocating their trucking businesses to the eastern area of the city. He further indicated that the city currently has a moratorium on development in the eastern part of the city until municipal sewer and water is available. Commissioner Duitsman stated that Mr. LeFebvre and Mr. Morrell indicated that they would be willing to sign a document to reimburse the city for utility costs if and when utilities are extended east. Commissioner Duitsman requested the EDA to consider the possibility of allowing the business to be located under these circumstances. e . Commissioner Duitsman informed the EDA that he has been appointed to the Region 7W Transportation Committee.