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MEETING OF THE ELK RIVER <br />ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, FEBRUARY 1 I, 2008 <br />Members Present: President Gongoll, Commissioners Dwyer, Klinzing, Motin, Tveite, and <br />Zerwas <br />Members Absent: Commissioner Farber <br />Staff Present: Director of Economic Development Catherine Mehelich, City <br />Administrator Lori Johnson, Public Works Director Terry Maurer, Finance <br />Director Tim Simon, Planning Manager Jeremy Barnhart, and Recording <br />Secretary Jessica Miller <br />1. Call Meeting To Order <br />Pursuant to due call and notice thereof, the meeting of the Economic Development <br />Authority was called to order at 5:30 p.m. by President Gongoll. <br />2. Consider A eg nda <br />,MOVED BY COMMISSIONER KLINZING AND SECONDED BY <br />COMMISSIONER TVEITE TO APPROVE THE FEBRUARY 11, 2008, EDA <br />AGENDA. MOTION CARRIED 6-0. <br />Consider Consent Agenda <br />MOVED BY COMMISSIONER MOTIN AND SECONDED BY <br />COMMISSIONER DWYER TO APPROVE THE CONSENT AGENDA AS <br />FOLLOWS: <br />3.1. JANUARY 14, 2008 REGULAR MEETING MINUTES <br />3.2. JANUARY 22, 2008 SPECIAL MEETING MINUTES <br />3.3. CHECK REGISTERS <br />3.4. BALANCE SPIEET <br />3.5. REVENUE/EXPENDITURE REPORT <br />3.6. PAY ESTIMATES (YMCA) <br />MOTION CARRIED 6-0. <br />4. Open Mike <br />No one was present for open mike. <br />5. Consider Tax Abatement for E&O Tool and Plastics Inc Expansion <br />Director of Economic Development Catherine Mehelich stated that staff has been working <br />with E & O Tool over the last year to identify a site and financing assistance to retain the <br />company's expansion in Elk River. Ms. Mehelich stated that the company would like to <br />construct a 55,000 square foot light industrial facility on 7.31 acres of the easterly portion of <br />