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Economic Development Authority Minutes <br />November 13, 2007 Page 3 <br />8. ~I Tiszn Callinv Cloeed Exes~r' C n in Ctrono Confer n R m to Cnnc~dr <br />Purrhac.. (1FF . t . u,.,.i n____ _. . ~ ,- _ _- - - - <br />MOVED BY COMMISSIONER TVEITE AND SECONDED BY <br />COMMISSIONER FARBER CALLING CLOSED EXECUTIVE SESSION IN <br />ORONO CONFERENCE ROOM TO CONSIDER A PURCHASE OFFER FOR <br />REAL PROPERTY IDENTIFIED AS LOT 1, BLOCK 1 MULVANEY POINT IN <br />ELK RIVER PER MN STATUTE ]3D.03, SUBD, 3(C). MOTION CARRIED 7-0. <br />9 Executive S ccinn <br />The regular meeting was recessed at 5:45 p.m. in order to hold the executive session. The <br />regular meeting reconvened at 6:26 p.m. <br />10. Executive Session Summarc <br />President Gongoll stated that the purpose of the executive session was to review an appraisal <br />and consider a purchase offer for real property identiFed as Lot i, Block 1 Mulvaney Point <br />in Elk Rivet Mr. Gongoll stated a motion was approved 4-3 to proceed with consideration <br />of the bid process for this property based upon further evaluation of the bid information. <br />11. Adjournment <br />There being no other business, President Gongoll adjourned the meeting of the Elk River <br />Economic Development Authority adjourned at 6:28 p.m. <br />Minutes prepared by Jessica Miller. <br />~~ <br />Tina A1lazd <br />City Clerk <br />