HomeMy WebLinkAbout08.03.89 EDC Minutes MINUTES
ECONOMIC DEVELOPMENT COMMISSION
REGULAR
AUGUST 3, 1989
1. The meeting was called to order at 7:00 P.M. by Chairperson Riste.
Members Present: Riste, Sprute, Meyer. Member Mayer arrived at 7:30 P.M.
Members Absent: Ruberto.
Also Present: Director Henricks.
2. MOTION by Sprute, second by Meyer to approve the minutes of July 12, 1989
meeting. APIF, MOTION CARRIED.
3. The minutes of the July 18, 1989 meeting were tabled.
4. The Commission reviewed the Industrial Park project. The Director and HRA
Attorney have been working on possible option agreements for purchase of Mr. Murphy's
property located east of Duo Plastics on Highway 50. The Director is exploring
various avenues for funding the needed improvements in the industrial park.
5. The next item of discussion was Farmington Green. Mr. VanSickle is in the
process of marketing the building. He has entered into an agreement with
Coldwell Banking to assist in the marketing of the project.
6. EMC Development and the HRA are presently in the negotiation process on the
developer's agreement for the Senior Housing Project. The CMC properties soil
boring samples are complete, and the analysis is due in the near future. When
the surveyors complete their work, the HRA will move to purchase the CMC property.
7. The Commission reviewed the Exchange Bank Building proposal. The City has
been awarded the CDBG for the acquisition/engineering study/administrative costs
for this project. The Director will be contacting Mr. James Rietz for permission
to enter the building for structural engineering studies and an appraisal.
8. The Duo Plastics project will be completed when the IDR Bonds are sold at the
end of August.
9. The EDC reviewed the composite of the Director's evaluation which was tabulated
by Larry Thompson, the City Administrator. The Board reviewed the strengths and
weaknesses of the Director indicating that he performs well in all the areas
necessary to achieve the EDC goals. MOTION by Meyer, second by Mayer to accept the
composite report dated July 17, 1989 for the Directors evaluation. APIF, MOTION
CARRIED.
10. Commissioner Sprute requested that the EDC review the salary level of the
Director, pointing out the present salary level was set at a lower level when
the new Director was selected. This was to be reviewed after a performance level
had been established by the new Director. Discussion followed. MOTION by Sprute,
second by Mayer to increase the Director's salary by 7% ($30,500) retroactive to
August 1, 1989. APIF, MOTION CARRIED.
11. MOTION by Mayer, second by Sprute to approve the EDC bills. APIF, MOTION CARRIED.
12. MOTION by Mayer, second by Meyer to approve the Director attending the
Star City conference on September 27th and 28th. APIF, MOTION CARRIED.
13. MOTION by Mayer, second by Sprute to approve the minutes of the July 18,
1989 meeting. APIF, MOTION CARRIED.
14. Members Mayer and Sprute briefly discussed the salmon proposal with the EDC
members. Their opinion was that this project would be risky for the HRA to under-
take. There was no guarantee after investing $175,000 for research that the
project would be located in Farmington, therefore, it was not an advisable investment.
15. The Board directed the Director to have the EDC's PERA contributions from
February to the present date placed in the Director's IRA account with the lst
National Bank of Farmington.
16. MOTION by Sprute, second by Meyer to adjourn the meeting at 9: 10 P.M. APIF,
MOTION CARRIED.
Respectfully submitted,
� ,
Gerald A. Henricks
EDC Director Approved