Minutes

Of The

Regular Meeting Of

DETROIT LAKES DEVELOPMENT AUTHORITY

Tuesday, March 14, 2006

4:30 PM

Conference Room

City Administration Building

MEMBERS PRESENT:       Dixie Johnson, Matt Brenk, Mark Hagen, Tom Klyve, Greg Hildenbrand                                                           and Jim Anderson

MEMBERS ABSENT:          Tim Olson

OTHERS PRESENT:           Larry Remmen, Community Development Director

  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, March 14, 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 Tom Klyve seconded by Commissioner Matt Brenk and carried unanimously to approve the minutes of the regular meeting held February 14, 2006.

III.        FINANCIALS

A.        A motion was made by Commissioner Jim Anderson seconded by Commissioner Tom Klyve and carried unanimously to approve the financial report and payment of claims for the period ending December 31, 2005.

 IV.      OLD BUSINESS

            There was no old business

  V.      NEW BUSINESS

A.        Report on Detroit Lakes Loan Fund

            Larry Remmen reported that all of the loans through the Detroit Lakes Loan Fund were paid in full.  There is currently a fund balance of $380,492.

B.        Consideration to quotes to construct Spec Building #3

            Larry Remmen presented the following report on quotes for the Spec Building #3.

            Quotes to construct a 25,000 square foot spec building on Lot 10, Block One were received from four builders.

            Contractor                                                                                          Building Quotes

            AAA Construction                                                                             $738,338.

            R.A. Bristlin & Son                                                                            $505,000.

            Olaf Anderson & Son                                                                        $536,128.

            Bob Bristlin & Son                                                                            $531,370.

Some additional information will be needed in order to compare the quotes.  The additional information needed is listed below:

1.         Is the architectural designs included?

2.         What is the building grade?

3.         Is a retention pond & outlet structure included?

4.         Amount of landscape allowance?

5.`        Spacing of support columns.

6.         Roof system – standing seam or screw down?

            While I am anxious to construct another spec building, I feel that this may not be the right time to undertake such a project for several reasons:

            1)         We have only four lots available for sale in the North Industrial Park and two of them are low and have wetland issues to deal with;

            2)         Potential expansion of an existing company may require one or more of the remaining lots;

            3)         Plans for development of the North Industrial Park First Addition in late 2006 or 2007                                   will require all of our available financial resources;

            The Development Authority discussed the prices and the need to keep their funds available for the Industrial Park expansion.  It was the consensus of the Board not to build a spec building at this time. 

C.        Other

            Larry Remmen stated that it was necessary to have the annual election of officers and he suggested that Matt Brenk and Tim Olson serve as the nominating committee.  Dixie Johnson announced that she would like to step down as the Chair of the Authority.

VI.       Adjournment

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

                                                                                                Signed

                                                                                                Larry Remmen

                                                                                                Community Development Director

LR:nw