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<br />CONTINUED MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY. DECEMBER 12. 1988 <br /> <br />. <br /> <br />Members Present: Commissioners <br />and Dobe1 <br /> <br />Gunkel. <br /> <br />Holmgren. <br /> <br />Schuld t. <br /> <br />Tra11e. <br /> <br />Members Absent: <br /> <br />None <br /> <br />Staff Present: <br /> <br />Pat K1aers. City Administrator; Dick Fursman. Economic <br />Development Coordinator; Peter Beck. City Attorney; Mike <br />Mulrooney. Economic Development Consultant <br /> <br />Also Present: <br /> <br />Jeff Schoenbauer of Brauer and Associates <br /> <br />1. Pursuant to due call and notice thereof. the meeting of the Economic <br />Development Authority was called to order at 7:00 p.m. Commissioner <br />Gunkel stated that this meeting was a continued meeting from the 12/5/88 <br />Economic Development Authority meeting. <br /> <br />2. Consider 12/12/88 EDA Agenda <br /> <br />Items 4.1 Hardware store site improvements using TIF and 4.2 - Future <br />riverwa1k options were added to the agenda. <br /> <br />COMMISSIONER TRALLE MOVED TO APPROVE <br />COMMISSIONER HOLMGREN SECONDED THE MOTION. <br /> <br />. 3. Consider 12/5/88 EDA Minutes <br /> <br />Commissioner Holmgren stated that the word "the" in the first paragraph of <br />item #4 should be deleted. <br /> <br />THE EDA AGENDA AS AMENDED. <br />THE MOTION CARRIED 5-0. <br /> <br />COMMISSIONER DOBEt MOVED TO APPROVE THE 12/5/88 EDA MINUTES AS AMENDED. <br />COMMISSIONER TRALLE SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />4. Consideration of Boardwalk Proposal <br /> <br />Mr. Jeff Schoenbauer of Brauer and Associates presented the courtyard and <br />riverwa1k master plan proposal with minor changes from the plan presented <br />at the 12/5/88 EDA Meeting. Mr. Schoenbauer distributed a cost estimate <br />for the riverwa1k and reviewed the cost estimate. Mr. Schoenbauer also <br />made available 10 large copies of the master plan. Mayor Gunkel expressed <br />her thanks to Mr. Schoenbauer for his work stating it was a job well done. <br />Mr. Schoenbauer expressed his appreciation for getting the project and <br />having a chance to work with the City. <br /> <br />COMMISSIONER DOBEL MOVED TO ACCEPT THE RIVERWALK PROJECT MASTER PLAN AS <br />PRESENTED BY BRAUER AND ASSOCIATES LTD. COMMISSIONER HOLMGREN SECONDED <br />THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />4.1.Hardware Store Site Improvements Using Tax Increment Financing <br /> <br />. <br /> <br />COMMISSIONER DOBEL MOVED TO RECONSIDER THE HARDWARE SITE IMPROVEMENTS. <br />COMMISSIONER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />Dick Fursman. Economic Development Coordinator. explained that the City is <br />looking at the hardware store site with the overall understanding that the <br />