Economic Development Authority Meeting Minutes for June 07, 2006

Mountain Iron Economic Development Authority

June 7, 2006

President Tony Zupancich called the Economic Development Authority meeting to order at 5:30 p.m. with the following members present: Allen Nelson, Andrea Wilson, Barb Fivecoate, Bob Voss and Mary Jacobsen. Also present was Executive Director, Craig J. Wainio.

Gary Cerkvenik gave an updated on potential development projects.

The proposed L & M Fleet expansion was discussed. L & M is asking the city for help, by means of tax abatement in the amount of $340,000 for site preparation. 

A motion was made by Barb Fivecoate and supported by Mary Jacobsen that the authority recommends to the City Council that abatement be proposed only on the expansion portion of the L & M project. Motion carried

Craig Wainio informed the authority on the P and H Minepro project. P and H has decided that the proposed site would require too much site work and is looking at other possible locations. Craig Wainio showed P and H another possible site west of the GE building and railroad tracks. If P and H is interested in this site, US Steel will be contacted about obtaining the land. 

Tony Zupancich asked Craig to obtain cost figures for leveling the 60 acre site west of the Park Ridge Development. 

A motion was made by Allen Nelson and supported by Barb Fivecoate to approve the minutes of the May 10th meeting. Motion carried.

A motion was made by Allen Nelson and supported by Mary Jacobsen to approve the bills as presented. Motion carried unanimously by roll call vote.

A motion was made by Allen Nelson and supported by Andrea Wilson to adjourn the meeting. Motion carried. 

President, Tony Zupancich, adjourned the meeting at 5:59 p.m.