Minutes

of the

Regular Meeting Of

DETROIT LAKES DEVELOPMENT AUTHORITY

Tuesday, November 21st 2006

4:30 PM

Conference Room

 City Administration Building

MEMBERS PRESENT:     Jim Anderson, Tom Klyve, Tim Olson, Dixie Johnson, Mark                                         Hagen, Matt Brenk

MEMBERS ABSENT:      Greg Hildenbrand

OTHERS PRESENT:       Larry Remmen, Community Development Director, Nancy Wichmann, Pippi Mayfield

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, November 21, 2006. All members of the Authority have been duly notified of the meeting and the business to be transacted.

II.     MINUTES:

        Upon review of the minutes dated November 7, 2006, a motion was made by          Commissioner Tom Klyve, seconded by Commissioner Tim Olson and carried without a dissenting vote to approve the minutes of the regular meeting dated November 7, 2006.

IV.    OLD BUSINESS:

A.      Discuss Tax Increment Financing Policy

        The Authority discussed the current guidelines set for tax increment financing, and the importance of flexibility in policies set for tax increment lending.  The City Council has set a 10% limit for tax increment financing on miscellaneous projects on an annual basis.  At a later date, an additional 2% limit was established for residential development. 

        It was agreed that Larry Remmen will draft up additional items for consideration to the existing policies.  This will be discussed at the next meeting. 

V.      NEW BUSINESS:

A.      Discuss Closing On Lot 4, Block 1 With Curt Briggs & Signing Of A   Development Agreement

        Larry Remmen reported that the Development Authority has a signed purchase         agreement with Curt Briggs for Lot 4, Block 1, Detroit Lakes North Industrial Park, with a previous closing date the end of October.  Briggs has raised issues with the   size of building, time frame allowed causing a delay in closing.  Briggs is hesitant in signing a development agreement and feels everything is covered in the signed purchase agreement. 

        It was unanimously agreed that Larry Remmen send Curt Briggs a letter with a final closing date and require the signing of a Development Agreement at that time. 

B.      Update On Lucky Dog

          For information only, Larry Remmen reported that Linda Livingston Wiedewitsch is         operating Lucky Dog Kennel and Training LLC out of a rented facility on 8^th Street.          Wiedewitsch would like to construct a new facility on her lot recently purchased in the North Industrial Park.  The $730,000 project does not quality for JOBZ incentives or tax increment financing.  Tax abatement and a low interest IRP loan will fit this project.  The abatement portion will involve participation from the County.  The Development Authority will formally address this request at it’s December meeting or at a later date. 

C.      Other

VI.    ADJOURNMENT

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

                                                                Signed                                                                                                              

Larry Remmen                                                                                                    

Community Development Director