10-30-2009 EDAMEDA Board of Directors
Minutes of Special Meeting
12 PM, Friday, October 30th, 2009
Members present in bold.
Members
Tim Ulrich Diane Gordon Steve Jansick Marc Vaillancourt
Chad Czmowski Jim Haugen Mike McGraw
Staff
Miles Seppelt, EDA Director
Ryan Miller, EDA Assistant
Jeremy Carter, Finance Director
Call to Order
Mr. Ulrich called the meeting to order at 12:01 PM.
Approve Agenda
No action.
III. Hackbarth Land Purchase
The Hackbarth's have indicated a willingness sell the remaining 5.65 acres of their property.
The Board discussed the situation; key points included:
• The need for the property for the Energy Park project (for a storm water outlet)
• Costs for an alternative solution would be in the range of $46,000 to $66,000
• The EDA can utilize funds from the pending land sale to Warrior Mfg.
• Ultimately the property will be resold and the investment recovered.
M /S /P: McGraw, Czmowski to authorize up to $30,000 per acre for the purchase of the
remaining Hackbarth Property, contingent upon being granted an immediate construction
easement for the Energy Park project and contingent upon City Council approval. Passed
unanimously.
IV. Other Business
A. Director's Update
NuCrane Manufacturing
➢ EDA staff has discussed the JOBZ situation with both Tom Daggett &
Sherie Landrud. A new JOBZ agreement should be in place within a
couple of days.
➢ The city's MIF application for $500,000 on behalf of NuCrane should be
decided by DEED within a few days.
➢ Staff is currently putting together a loan application to the Mid - Minnesota
Development Commission on behalf of the NuCrane project.
■ SONOCO
➢ Staff has received an inquiry about finding 10,000 — 15,000 square feet
of manufacturing space for SONOCO. Plans would be to lease space
initially and potentially do a building project next year.
■ Cenex Site Redevelopment
➢ Topsoil is being placed on the Cenex site but wet weather is slowing
down the process.
B. EDA Board Vacancies
Staff reported that letters of resignation have been received from both Marc Vaillancourt
and Diane Gordon. Marc has taken a new position in St. Cloud and Diane may shortly be
relocating to Colorado.
The process to fill vacancies is to publically advertise, after which the EDA Board will
make recommendations to the Mayor for official action. The City Council confirms
appointments.
M /S /P: Jansick, McGraw to accept the resignations of Marc Vaillancourt and Diane
Gordon from the EDA Board of Directors. Passed unanimously.
V. Adjourn
With no further business to attend to, the meeting was adjourned at 12:34 PM.
Respectfully Submitted,
Miles R. Seppelt
EDA Director