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<br />e <br /> <br />e <br /> <br />e <br /> <br />Economic Development Authority Meeting <br />May 13, 1996 <br /> <br />Page 3 <br /> <br />8f. <br /> <br />Truckino Businesses <br /> <br />Pat Klaers reviewed Elk River Star News article from the 5/8/96 edition regarding <br />the city's discussions with Morrell Transfer and LeFebvre and Sons about their <br />moving to a site on 1 71 st A venue. He indicated that no decision has been made <br />by the trucking businesses regarding this possible relocation. <br /> <br />9. Discuss EDA Purchase Ootion for the Gaone Prooertv <br /> <br />Pat Klaers indicated that this issue was previously reviewed at the EDA <br />worksession. He informed the EDA that the city is considering a 30 day purchase <br />option to work out the details of a possible acquisition and public improvement <br />project for the Gagne property located north of Sandpiper Estates, east of the <br />Government Center and West of the existing Business Park. He informed the EDA <br />that there are two companies that are interested in relocating to this property. <br />Those companies are TL Feeding and E & 0 Tool. <br /> <br />COMMISSIONER DWYER MOVED TO DIRECT THE EXECUTIVE DIRECTOR TO ENTER INTO <br />A 30 DAY PURCHASE OPTION WITH MR. GAGNE AT WHATEVER MINIMUM AMOUNT <br />CAN BE NEGOTIATED. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE <br />MOTION CARRIED 7-0. <br /> <br />10. <br /> <br />Other Business <br /> <br />There was no other business presented. <br /> <br />11. <br /> <br />Staff Uodates <br /> <br />There were no staff updates. <br /> <br />12. Adiournment <br /> <br />There being no further business, COMMISSIONER HOLMGREN MOVED TO ADJOURN. <br />COMMISSIONER SCHEEL SECONDED THE MOTION. THE MOTION CARRIED 7-0. <br /> <br />The meeting of the Elk River Economic Development Authority was adjourned at <br />7:12p.m. <br /> <br />Respectfully submitted, <br /> <br /> <br />~-!k~ <br /> <br />City Clerk <br />