02/21/01 - Laserfiche WebLink

Home

EDA BUSINESS Case #1: Consider Contract Addendum for Redevelopment Study The EDA had indicated interest in seeing recommendation of a frontage road system in two other major areas in the redevelopment study of Highway #10. The areas are between Sunfish Lake Boulevard and Anoka City limits and Ramsey Boulevard to the west. Staff received an amendment to the contract with Hoisington Koegler Group, Inc. to evaluate frontage road and redevelopment concepts for these two areas for a fee not to exceed $5,000. The fees would be paid from the EDA fund. Member Blaha inquired what the amount was in the EDA fund. Mr. Norman will provide the EDA budget at the next meeting. Motion by Chairperson Wagner, seconded by Member Riley, to direct Hoisington Koegler to complete the Highway #10 study with frontage road and redevelopment concepts from Sunfish Lake Boulevard to the City of Anoka border and west of Ramsey Boulevard. Motion carried. Voting Yes: Chairperson Wagner, Members Riley, Anderson, Blaha, LeToumeau and Zimmerman. Voting No: None. Absent: Member Scheiber. Case #2: Revolving Loan Fund Guidelines EDA members reviewed and discussed the Revolving Loan Fund Guideline document prepared and presented by Economic Development Consultant Michael Mulrooney. The following changes were made to the document: · Section VI, A. Remove retail businesses. · Section VII, D, 1 Add livable wage and change $5,000 to $25,000. · Section VII, O, 3 Replace fins with final. · Section VIII, F, 3 Replace table with postpone. · Throughout the whole document replace Board with EDA and Community Development Department with Finance Department. Motion by Member Riley, seconded by Member LeToumeau to adopt the Revolving Loan Fund Guideline with corrections. Motion carried. Voting Yes: Chairperson Wagner, Members Riley, LeToumeau, Anderson, Blaha and Zimmerman. Voting No: None. Absent: Member Scheiber. Economic Development Authority/February 21, 2001 Page 2 of 3