Laserfiche WebLink
Economic Development Authority Minutes Page 4 <br />May 12, 2003 <br />----------------------------------------------------------- <br />2. INTEREST RATE OF 7.75% BE CONTINUED AND EDA STAFF <br />TO CONSIDER AN INCREASE ADJUSTMENT TO THE <br />MONTHLY REPAYMENT SCHEDULE. <br />COMMISSIONER TVEITE SECONDED THE MOTION. THE MOTION <br />CARRIED 7-0. <br />8. Other Business <br />President Gongoll congratulated die Bread of Life Bookstore fox receiving the Retail <br />Business of the Year award by the Chamber of Commerce. <br />Ms. Mehelich noted that Heidi Hall recently completed the National Development <br />Council training and certification for Economic Development Finance Professional. <br />The certification included training and tests on business credit analysis, real estate <br />finance, and deal structuring. The EDA members congratulated Ms. Hall on hex <br />achievement. <br />9. Adjournment <br />There being no other business, PRESIDENT GONGOLL ADJOURNED THE <br />MEETING. <br />The meethig of the Elk River Economic Development Authority adjourned at 6:12 <br />p.m. <br />e~~-.-.sl'~e.r Q ~~P <br />Sandia Peine <br />City Clerk <br />