Minutes

of the

Regular Meeting Of

DETROIT LAKES DEVELOPMENT AUTHORITY

Tuesday, January 10, 2006

 4:30 PM

Conference Room

 City Administration Building

MEMBERS PRESENT:     Dixie Johnson, Matt Brenk, Jim Anderson, Mark Hagen,    

                                Greg Hildenbrand

MEMBERS ABSENT:      Tim Olson, Tom Klyve

OTHERS PRESENT:       Larry Remmen, Nancy Wichmann, Richard Grabow, James                                          Hannon, Patrick Petermann and Steve Lund   

I.       Call To Order:

          Chairman Dixie Johnson called the meeting of the Detroit Lakes Development Authority to order at 4:30 PM in the Council Chambers of the City Administration Building, 1025 Roosevelt Avenue on Tuesday, January 10th, 2006. All members   of the Authority having been duly notified of the meeting and the business to be transacted.

II.     Minutes:

        A motion was made by Commissioner Jim Anderson, seconded by Commissioner Matt Brenk and carried unanimously to approve the minutes of the regular meeting held December 13^th, 2005 as presented.

III.    Financials:

A.      None

IV.    Old Business:

A.      Consideration to the request of Washington Square Mall relative to life insurance proceeds

          At the previous meeting, the Authority discussed the request received from Wint Johnson, Washington Square Limited Partnership, with reference to the terms of the DLDA loan that required life insurance purchased by Johnson and the deceased Ron Ohe.  Wint Johnson is requesting a waiver of the DLDA’s interest in   the payment of proceeds of the policy to be directed toward the partnership responsibility of Ron Ohe’s estate.  Larry Remmen contacted City Attorney, Bill        Briggs to review the matter.  Briggs stated that the DLDA has the ability to grant proceeds if they would like to.  The remaining balance on the loan is $63,758.  A motion was made by Commissioner Matt Brenk, seconded by Commissioner Greg Hildenbrand and carried unanimously to require payment of the life insurance proceeds to pay off the current loan.

B.      Other

V.      New Business

A.      Consideration to the loan request of Freedom Tool and Die

          This item was withdrawn from the agenda.

B.      Student Housing Data Report

        Larry Remmen circulated the Housing Data Report prepared by a student intern.  It was agreed to allow the Directors time to review the report and discuss the report under old business at the next meeting.  Director Matt Brenk suggested that the report could be beneficial to the City Council and should be brought up at the Strategic Long Range Planning Session scheduled for March.

C.      Public Utilities Loan Fund Report (Information Only)

        The Directors reviewed the Public Utilities Loan Fund Report

D.      Consideration to the request of the Boys and Girls Club

        Steve Lund Treasurer of the Boys and Girls Club of Detroit Lakes, Inc., requested financial assistance from the DL DA in the form of a grant or a loan to assist them in creating revenue for the club through a proposed Thrift Store  Project.  The target date for the opening of the thrift store project is March 1, 2006.  They are   soliciting donations and funding to develop this project.  There will be some job creation along with employment opportunities involving the Boys and Girls Club’s older youth.  They are requesting assistance in the form of a grant or loan.  After discussion, the DLDA unanimously agreed that the Authority was very much in favor and support of the project, however it did not fit the criteria or mission of the DLDA.

E.      Review of Annual Report

        The Directors reviewed the 2005 annual report

F.      Other

          In 1999 the DLDA and Becker County purchased the Ray J. Anderson property, near the North Industrial Park for future development.  The Authority’s portion paid was $100,000, and Becker County provided a payment of $50,000, for a possible site for the County jail facility.  The Authority was given power to control the property and type of development.  The County’s jail was not located at the site.  The Directors discussed the possible buy out the County’s portion for future economic development purposes.  No action was taken at this time.

A.      VI.    Adjournment

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

                                                                Signed                                                                                                                              

                                                                Larry Remmen                                                                                                     Community Development Director