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ITEM 6 <br /> ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> • MEMORANDUM <br /> TO: Economic Development Authority <br /> Vr' <br /> FROM: Paul T. Steinman, Director of Economic <br /> Development <br /> DATE: October 9, 1996 <br /> SUBJECT: Business Incubator Project <br /> I. PURPOSE OF MEMO <br /> The purpose of this memo is to discuss the next steps in the business <br /> incubator project,and the progress which has taken place on this <br /> project over the past month. <br /> Oil. <br /> OVERVIEW <br /> Staff has been proceeding over the past several months to pursue a <br /> business incubator project in the former county administration <br /> building or with a private individual. Staff has had additional <br /> meetings with county economic development staff and county <br /> commissioners, and also the private property owner to continue <br /> conceptual discussions of the use of their buildings for this purpose, <br /> and their participation in the project. <br /> It appears at this time that both parties are in a position to discuss a <br /> preliminary lease proposal from the EDA. <br /> III. PRIMARY ISSUES TO CONSIDER <br /> 0 What major points should be included in both preliminary <br /> lease,proposals? <br /> Staff proposes the following major parameters be included in either <br /> lease proposal: <br /> 0 A lease rate which would be equal to the operating costs, <br /> • including taxes, on the space which would be rented. <br /> 13065 Orono Parkway • P. O. Box 490 • Elk River, MN 55330-1743• (612) 441-7420 • Fax (612)441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />