04-13-1998 EDA MIN - Laserfiche WebLink

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Elk River Economic Development Authority Minutes Anril13. 1998 Page 3 e Terry Morrell reviewed Option A of the revised request as proposed by Morrell & Morrell, Inc. He indicated that the difference in this proposal versus the EDA's original proposal is that Morrells are requesting to be able to use their present building and site at School Street and Jackson Avenue on a limited basis. He indicated that the building would not be used as a trucking facility. He further stated that he did not feel it was in his best interest to demolish the building. He stated the Morrells did not want to be in a situation where they cannot drive trucks on that property. Commissioner Holmgren stated that the city has a responsibility to move Morrell Trucking from its present location. He indicated he did not want to see one issue hold up the project and further indicated that he felt the existing Morrell building will be gone by the year 2000 whether or not it is required by the city. Commissioner Thompson indicated that the motivating factor for increasing the up front T1F subsidy to the Morrells was to get the existing site cleaned up. He further indicated that this must be one of the conditions for receiving the T1F money up front. Larry Morrell indicated that he would be using the building for limited storage only. e Commissioner Farber indicated that he concurred with Commissioner Holmgren in that he would agree to remove the stipulation that the building be removed by June of 2000 if the lot is only used for storage. Commissioner Dwyer questioned how the site would be cleaned up. Larry Morrell indicated that 85 to 90 percent of the outside storage would be removed. Commissioner Dwyer indicated that he is interested in meeting in a worksession to discuss the issue further and to be more informed as to the stipulations of the Developer's Agreement. COMMISSIONER HOLMGREN MOVED TO CONTINUE THE ADJOURNMENT OF THE EDA MEETING IN ORDER TO FINISH DISCUSSION OF THIS ISSUE UNTIL WEDNESDAY, APRIL 15,1998, AT 5:00 P.M. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 7-0. 8. Consider Renewal of Business Incubator Lease with Larry Hickman Executive Director Paul Steinman indicated that the EDA has the option of renewing a two year lease with Larry Hickman for approximately 13,186 square feet of space in the former Furniture and Things building. Paul indicated that there is an option to renew the lease for an additional two years which would be from April 15, 1999, through April 14, 2001. Paul Steinman reviewed the parameters of the current lease. e COMMISSIONER GONGOLL MOVED TO EXTEND THE EDA LEASE WITH LARRY HICKMAN FOR AN ADDITIONAL TWO YEARS FROM APRIL 15,1999, TO APRIL 14, 2001, AT A BASE LEASE COST OF $1.65 PER SQUARE FOOT FOR 13,186 SQUARE FEET