05-10-1993 EDA MIN - Laserfiche WebLink

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. . . MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY HELD AT THE ELK RIVER CITY HALL CONFERENCE ROOM A MONDAY, MAY 10, 1993 Members Present: President Gongoll, commissioners Dwyer, Duitsman, Dietz, Scheel, Holmgren and Farber 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 meeting of the Elk River Economic Development Authority was called to order at 7:30 p.m. by President Gongoll. 2. Consider 5/10/93 EDA Agenda COMMISSIONER DUITSMAN MOVED TO APPROVE THE 5/10/93 EDA AGENDA. COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 6-0. 3. Consider 4/12/93 and 4/26/93 EDA Minutes AND 4/26/93 EDA MOTION CARRIED COMMISSIONER DWYER MOVED TO APPROVE THE 4/12/93 MINUTES. COMMISSIONER FARBER SECONDED THE MOTION. THE 6-0. 4. Open Mike No one appeared for this item. 5. Financial Update Bill Rubin informed the EDA that the Revolving Loan Fund had a cash balance of $201,997.65 as of April 30, 1993, excluding interest. Councilmember Holmgren arrived at this time (7:33 p.m.). 6. EDA Main Street site Chris and Linda Bulow, representing the Bruce Company, provided the EDA Commissioners with an update on the progress of the EDA Main Street site. Mr. Bulow presented the Council with a rendering of the front and rear elevations of the proposed site. Mr. Bulow's proposal revealed a five level building which included condos on the first two levels, retail on the Main Street level, condos on the fourth level, and underground parking on the bottom level. Commissioner Holmgren indicated his concerns regarding access to the garages as the present access is privately owned. He further indicated his concern regarding