Minutes

of the

Regular Meeting of the

Detroit Lakes Development Authority

Tuesday,  August 5, 2008

4:30 PM

City Administration Building

Conference Room

MEMBERS PRESENT:               Jim Anderson, Matt Brenk, Greg Hildenbrand, Mark  Hagen

MEMBERS ABSENT:                 Dennis Winskowski, Mary Beth Gilsdorf, Tom Klyve,

OTHERS PRESENT:                    Robert Louiseau, Larry Remmen, Nancy Wichmann, Jake Judd, Pippi Mayfield, Bruce Imholte

  I.           CALL TO ORDER:

                Chairman Jim Anderson,  called the meeting of the Detroit Lakes Development Authority to order at 4:30 PM in the Conference Room of the City Administration Building, 1025 Roosevelt Avenue on

                Tuesday, August 5, 2008.  All members of the   Authority have been duly notified of the meeting and the business to be transacted. 

 II.           MINUTES:

                A motion was made by Commissioner Mark Hagen seconded by Commissioner Greg Hildenbrand and carried unanimously to approve the minutes of the regular meetings held July 1, 2008 and the special

                meeting held July 18^th, 2008.                

III.          FINANCIALS:

                A motion was made by Commissioner Matt Brenk, seconded by Commissioner  Mark Hagen, and carried unanimously to approve the financial report and payment of claims for the period ending

               June 30, 2008 as presented.

 IV.         OLD BUSINESS:

A.           Larry Remmen reported that the Tourism Bureau is proceeding with the filming of the “The Official Best Of Minnesota” .  The Authority will pay one third of the cost, which is $1,300.

 V.          NEW BUSINESS:

A.           Review letter from David Stone relative to the Conference Center Study

                The Authority reviewed the letter/e-mail received from David Stone, ERA which addressed the lack of specifics  the Authority would like to have received in the Conference Center Study.  David Stone

                referenced in his correspondence “While providing all of the detailed information the Authority is requesting is not in our agreed-upon scope of work , just as importantly, I don’t believe it would add value

                to the information already presented within the report, nor is it practical.    The Authority discussed that RDG subcontracted the Conference Center Study to ERA and it was agreed that a conference call

               will be placed to ERA while Marty Shukert, Cory Scott of RDG and members of the Authority are present to clear up this discrepancy.

B.           The DLDA will meet with RDG on Thursday, August 14, at 7:300 AM for a Steering Committee Meeting on the Business Corridor Study         

C.           Consideration to a subordination agreement for the Evans RedevelopmentGrant Deferred Loan

                Larry Remmen reported he received a request from Debbie Torgerson, Becker County Title Services, requesting the Authority enter into a Subordination Agreement with Wells Fargo Bank for the Steve

                Evans Redevelopment Grant  Deferred Loan.  Bob Louiseau and Larry Remmen recommended to wait on signing the Subordination Agreement after discussions have taken place with Steve Evans regarding

                a strip of land.

                A motion was made by Commissioner Matt Brenk, seconded by Commissioner Greg Hildenbrand and carried to approve the signing of the Subordination  Agreement between the Development Authority and

                Wells Fargo Bank, subject  to the discussion with Steve Evans on vacant strip of land. 

VI.          Adjournment

                There being no further business to bring before the Board, the meeting was adjourned.                                                       

                                                                                                Signed                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

                                                                                                Larry Remmen, Community Development Director