Minutes - Economic Development Authority - 09/08/2003

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Motion by Member Kiefer to approve a $200,078 maximum levy with $63,583.02 designated for the Alloy Recov~ery project and up to $75,000 for the 167th Node project, with balance identified at the next EDA ~eeting. Friendly amend ~ment by Member Gromberg to approve the full levy with EDA authority to fix the budget. He3noted the EDA did not want to back itself into a corner with a motion that designated certaih amounts. Motion seconded by Member Steffen. Motion carried. ': Voting Yes: Members Gromberg, Kiefer, Steffen, and Kurak. Voting No: Chairperson Ril~. Absent: Member Strommen. Abstain: Member LeTourneau due to conflict of interest. Case #3: S~ff Update The following it ~erns were reviewed with the EDA: Business Apprec'.mtion Day: Economic Development/TIF Specialist Sullivan noted the Business Appreciation Da~ event had been "blessed" with good weather. He added it had been a group effort to put this~ function together and without Associate Planner Wald's guidance the event would not have ~one as smoothly. He indicated thanks to all who assisted and participated to make the event a success. Member Kiefer thanked Mr. Sullivan, Ms. Wald and others involved on behalf of the EDA. Community Development Block Grant (Chies/Morrell): Mr. Sullivan noted the City had purchased and cl&sed on the Morrell Trucking Property and had a signed purchase agreement with Lorraine Chies, with a closing at the end of the month. He indicated many hours of staff time were put int~6 the negotiations and it had led to a mutually acceptable purchase agreement. He explained the CDBG Grant stated the lots needed to be cleared one year from purchase and the City looked fc~i'ward to finding new businesses to help in the redevelopment effort in TIF No. 2. Precise Metalcrafii: Mr. Sullivan noted the City had closed on the land and expected the project to break ground sbmetime in late September or early October. He added a 12,500 square-foot manufacturing fae41ity would be completed by December 31, 2003. He gave a warm welcome to DeWayne Muschik from the City of Ramsey. Cabinetry Concepts: Mr. Sullivan noted a cabinet shop out of Andover had submitted a site plan and lool~ed to build a 12,000 square-foot cabinet shop in Ramsey. He indicated staff was negotiating details~of a development agreement with the owner. He added the business would be located on Lot 3, ~lock 1, Sunfish Lake Business Park 2nd Addition. He stated the Planning Commission had ~viewed the site plan on September 4, 2003, and it should be ready for final approval by Coundil on September 23, 2003. ~, Economic Development Authority / September 8, 2003 Page 9 of 11