08-23-1993 EDA MIN - Laserfiche WebLink

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. . . SPECIAL MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL MONDAY, AUGUST 23, 1993 Members Present: President Gongoll, Commissioners Dwyer, Scheel, Duitsman, Dietz (6:51 p.m.), Holmgren (6:52 p.m.), and Farber (6:56 p.m. ) Members Absent: None Staff Present: Bill Rubin, Economic Development Coordinator; Pat Klaers, Executive Director; Sandra Thackeray, City Clerk 1. Call Meeting To Order Pursuant to due call and notice thereof, the Economic Development Authority was called President Gongoll. special meeting of the to order at 6:50 p.m. by 2. Consider 8/23/93 EDA Agenda Bill Rubin added Item 3.1., "MHFA First Time Homebuyers Program"; 3.1.a., "Authorize Deposit Fee"; and 3.1.b, "Authorize $200 Processing Fee". It was the consensus of the EDA to approve the agenda as "amended. 3. Consider a Recommendation to the City Council Regarding a Proposal to an Industrial Prospect Bill Rubin indicated that on August 10, representatives of the City of Elk River made a presentation to an industrial company who is considering relocating in Elk River. The presentation included an incentive package encouraging the Company to move to Elk River. Bill Rubin stated that although the presentation was well received, the company requested a more definitive estimate of the Elk River incentive package. He stated that the industrial company feels that a20 acre parcel adjacent to the fairgrounds is most suitable to their needs, however, specific information such as land costs, utility costs, etc., regarding the property was not available at the time of the presentation. The company needs this information in order to move forward with its recommendation to its Board of Directors. Bill Rubin suggested that a proposal be sent to the company outlining the eligible items and costs involved and suggested that the EDA review these items and forward a recommendation to the City Council. Should the Council affirm the proposal, Mayor Duitsman would be authorized to sign a letter which outlines the Elk River offer. Commissioner Dwyer indicated the presentation felt the level of comfort of the industrial the fact that the City did not have a tangible went well, however, he prospect was lower due to site to offer.