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Economic Development Authority Mmutes April 12, 2010 Page 3 noted that the Committee wants the event to be uniquely different from the event held in previous years. Mr. Boyle asked if the EDA would consider donating the $6,000 included in their budget that had been donated to the Chamber of Commerce in the past for fireworks. He indicated that the committee will conduct fundraising but this moneywould give the campaign a head star. Commssioner Zeraas questioned who is managing the donations received. Mr. Bo}ale indicated that the Amencan Legion has agreed to be the committee's fiscal manager handling all funds for this event. President Touchette questioned the benefit of this event for businesses. He expressed concern over this event not stimulating economic development. Mr. Boyle explained this is a community event that will celebrate Elk River. Steve Rohlf, Committee member, indicated this is funding the EDA has in its budget. He explained the benefit to the businesses is a sense of community creating a better place to live and a better place to do business. He stated that the benefit the EDA saw in the Chamber event is still present. Commissioner Klinzing thanked the committee for putting an event together and carrying on the tradition of fireworks on the Fourth of July. She indicated the event will benefit businesses. Commissioner Dwyer commented that the EDA has provided funding for the Foutth of July fireworks for as long as he has been on the EDA. Ms. Mehelich noted that state starute allows the EDA to provide funding for community events. MOVED BY COMMISSIONER ZERWAS AND SECONDED BY COMMISSIONER KLINZING TO APPROVE $6,000 FUNDING FROM THE ECONOMIC DEVELOPMENT AUTHORITY BUDGET TO THE AMERICAN LEGION SERVING AS THE FISCAL MANAGER FOR THE ELK RIVER INDEPENDENCE DAY 2010 COMMITTEE FOR FIREWORKS. MOTION CARRIED 7-0. 10. Other Business Ms. Mehelich distributed and reviewed an Executive Director's Report. 11. Ad ournment There being no other business, President Dwyer adjourned the meeting of the Elk River Economic Development Authority at 6:13 p.m Minutes prepared byJessica Miller.