12-21-1998 EDA MIN - SPECIAL - Laserfiche WebLink

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e e e Elk River Economic Development Authority December 21. 1998 Page 2 ACQUISITION OF CERTAIN REAL PROPERTY LOCATED IN AND RELATED TO TAX INCREMENT FINANCING DISTRICT NO. 19 IN THE CITY OF ELK RIVER BY NEGOTIATION OR CONDEMNATION, THE DEMOLITION OF ALL STRUCTURES CURRENTLY LOCATED THEREON, AND THE RELOCATION OF ALL AFFECTED PROPERTY OWNERS AND TENANTS. COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 6-1. Commissioner Holmgren opposed. Commissioner Bender indicated that he would like the issue to come back to the Economic Development Authority following the city's appraisal of the properties involved in the eminent domain process. 4. Other Business Craig Howse, attorney for the Brown property, addressed the EDA regarding the possibility of the EDA purchasing the Brown property. Attorney Craig Howse addressed the relocation costs and the issue of access to the portion of the property the Brown's will retain. He questioned whether the EDA feels they are proceeding in the right direction regarding the purchase of the property. He indicated that the Browns want to be certain that the EDA is still interested in owning a business park property. Commissioner Dwyer indicated that he is interested in purchasing the property if there is a fair market value as determined by an appraiser. Commissioners Bender and Thompson also indicated that they are in consensus with purchasing the property. 5. Adiournment There being no further business, COMMISSIONER DWYER MOVED TO ADJOURN THE MEETING. COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 7-0. The special meeting of the Elk River Economic Development Authority was adjourned at 6:30 p.m.