06-19-2017 EDA MIN SPEC MTG - Laserfiche WebLink

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• City of E1k Meeting of the Elk River River Economic Development Authority Held at the Elk River City Hall Monday,June 19, 2017 Members Present: President Tveite, Commissioners Provo (5:09 p.m.), Olsen, Westgaard, Ovall,Wagner, and Blesener Members Absent: None Staff Present: Economic Development Director Amanda Othoudt, Economic Development Specialist Colleen Eddy, and City Clerk Tina Allard I. Call Meeting to Order Pursuant to due call and notice thereof,the meeting of the Elk River Economic Development Authority was called to order at 5:00 p.m. by President Tveite. 2. Consider 06/19/2017 Agenda Moved by Commissioner Wagner and seconded by Commissioner Blesener to approve the June 19,2017, EDA agenda. Motion carried 6-0. 3.1 TIF Policy Discussion Ms. Othoudt presented the staff report. She stated the purpose of this work session is to identify the development goals the Authority considers priority. Commissioner Provo arrived. The Commission discussed the following: • An applicant should be able to review the policy and application and have a reasonable expectation of whether their project would be approved. • Better consistency and clarity in verbiage throughout the policy and application. Example: public purpose language in the two documents. • Whether criteria should be ranked in order of importance of the Authority's goals or whether it should matter as long as they are meeting specified criteria in policy. • What would be the process in selecting the strongest candidates if there were multiple applicants? • Evaluate fee structure and consider an initial or preliminary review process and fee so applicant can quickly understand how their project ranks. • ■ The review process and if/where the finance committee, EDA, and Council should be in the approval process.