Minutes

Of The

Regular Meeting Of

DETROIT LAKES DEVELOPMENT AUTHORITY

Tuesday, April 11, 2006

4:30 PM

Conference Room

City Administration Building

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

MEMBERS ABSENT:          Tim Olson and Jim Anderson

OTHERS PRESENT:           Larry Remmen, Community Development Director, Richard Grabow, Jim                                                        Hannon,  Bob and Casey Bristlin

  I.        CALL TO ORDER:

            Treasurer Mark Hagen 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, April 11th, 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 March 28, 2006.

III.        FINANCIALS

A.        A motion was made by Commissioner Dixie Johnson seconded by Commissioner Greg   Hildenbrand and carried unanimously to approve the financial report and payment of claims    for the period  ending February 2006.

 IV.      OLD BUSINESS

            There was no old business

  V.      NEW BUSINESS

A.        Consideration to the sale of Lot 10, Block 1, Detroit Lakes North Industrial Park

            Larry Remmen reported that he had received an offer from Curt Briggs in the amount of   $29,000. for Lot 10, Block 1, DL North Industrial Park.  Briggs would not be going through a    realtor for  the purchase, therefore offered a reduced price.  At the previous DLDA meeting, the  Authority had denied Bob Bristlin a 60 day option to purchase Lot 10, Block 1 for $100.    Larry   Remmen reported when notifying Bob Bristlin of the denial, Bristlin offered to purchase the lot for $30,000.  Bristlin plans to put up a building to relocate his business and has been in  contact with a business from St. Cloud  expressing interest in wanting to locate in the Detroit   Lakes North Industrial Park, with a possibility of sharing this building with Bristlin.  Mark Hagen   noted that Curt Briggs requested an October closing date.

            A motion was made by Commissioner Matt Brenk, seconded by Commissioner Dixie Johnson      and carried unanimously to accept Bob Bristlin’s offer of $30,000 for Lot 10, Block 1, Detroit      Lakes North Industrial Park.  Commissioner Matt Brenk amended his motion, seconded by   Commissioner Dixie Johnson and motion carried  to amend the motion to include the   stipulation that a building must be constructed on the property within one year.

            Larry Remmen will prepare the closing documents necessary for the purchase.

Development Authority

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04-11-06

C.        Other

            Larry Remmen reported that the DLDA had an annual review of their IRP loans by the USDA.  All of the Authority’s IRP Loans have been paid in full.  In order to utilize more IRP funds,  suggestions such as advertise that there is money available and providing lower interest rates   with longer terms on loans were made to increase the use IRP funding.  The USDA feels   strongly that something needs to be done to increase use of the IRP funds. The Board would   like to do some local ads, send letters to the local banks and will consider longer term loans at        6%.

            Larry Remmen reported that he had been in contact with the Ed Schultz Show to discuss    relocating to Detroit Lakes to air their broadcast from Detroit Lakes.  A meeting with ACS, Jack    Chivers, MMCDC and Becker County EDA has been scheduled to discuss this venture.   

VI.       Adjournment

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

                                                                                                Signed

                                                                                                Larry Remmen

                                                                                                Community Development Director

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