IDC Minutes 07-16-1986
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MINUTES
MONTICELLO INDUSTRIAL DEVELOPMENT
Wednesday, July 16, 198
Comfort Inn (Tree
COMMITTEE LUNCHEON
- 12:00 Noon
ouse Lounge)
MEETING
Members Present: Chairperson on Hoglund, Don Smith, Shelly
Johnson, Har ey Kendall, Bud Schrupp, Joel
Winkelman, Bruce Gagne1ius, and Ollie
Koropchak.
Members Absent: Arve Grimsmo, Dale Lungwitz, Jay Morrell,
John Bondhus, and Tom Eidem.
Guests: Tim Fitzgerald of IX and Ben Smith, HRA member.
1. Call to Order.
Chairperson Ron Hoglund c 11ed the lCD meeting to order
at 12:25PM.
2. A prova1 of the June 19, 986 IDC Minutes.
Bud Schrupp motioned to a prove the June 19th IDC
minutes, seconded by Harv y Kendall, and carried
unanimously.
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3. Guest S eaker: Tim Fitz ra1d, Vice President of 0 er-
ations, IXI Laboratories, Inc.
Mr. Fitzgerald spoke of II's history, noting the company's
400 growth increase in 19 3-84. Companies with fast growths
in short periods of time eneral1y do not surive long
range plans. IXI started out in the personal (home computer
software) who's market p1 nged in 1984, now turning to
the Fortune 2000 companie , their market target is inform-
ation distribution. IXI mp10yed over 100 people at
Monticello 20 months ago nd now maintain 12 employees.
Finding it unfeasible to mp10y 12 people in a 50,000
square foot structure, th y plan to utilize and/or
retrain the remaining emp oyees for employment at the
Hopkins office which will increase the company's
communication. IXI has a 35,000 square foot facility
in Hopkins, employing abo t 80 people. Plans are to
sell the Monticello facil"ty or rent out the entire
facility. Listing price as not been determined, however,
Mr. Fitzgerald indicated pproximate1y one and a quarter
million dollars were invested in the Monticello facility.
Consolidated plans are estimated to be completed by
October 1st of this year.
4. Reports.
Accepted as written.
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5.
Other Business.
Brief inquiries were made
brochure, expansion of th
apartment units in Montie
pation in the airport joi
of the progress of the IDC
Golf Coarse, number of
110, and Becker's partici-
t powers agreement.
6. Adjournment.
It was a consensus of the committee to adjourn. Meeting
adjourned.
..JL;\N'\
Olive M. Koropchak
Executive Secretary
Monticello Industrial
j
ent Committee
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