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Economic Development Authority Minutes <br />January 12, 2004 <br />Page 2 <br />MOVED BY COMMISSIONER DWYER AND SECONDED BY <br />COMMISSIONER MOTIN TO ELECT THE FOLLOWING OFFICERS FOR <br />2004: <br />• PRESIDENT -JEFF GONGOLL <br />• VICE PRESIDENT - PAT DWYER <br />• TREASURER -LARRY KOENIG <br />• SECRETARY -DAN TVEITE <br />• ASSISTANT TREASURER - LOUISE KUESTER <br />MOTION CARRIED 7-0. <br />Commissioner Klinzing thanked President Gongoll for all he has done for economic <br />development in the City. Commissioner Dwyer thanked the Mayor and <br />Councilmembers for reappointing him for another term on the EDA. <br />5.2. Appoint Executive Director <br />MOVED BY COMMISSIONER MOTIN AND SECONDED BY <br />COMMISSIONER TVEITE TO APPOINT CATHERINE MEHELICH AS THE <br />EXECUTIVE DIRECTOR OF THE EDA. MOTION CARRIED 7-0. <br />5.3. Designate Official Newsp~er <br />MOVED BY COMMISSIONER DWYER AND SECONDED BY <br />COMMISSIONER KOENIG TO DESIGNATE THE ELK RIVER STAR NEWS <br />AS THE OFFICIAL NEWSPAPER FOR THE EDA FOR 2004. MOTION <br />CARRIED 7-0. <br />5.4. Designate Official Depositories <br />Vice President Dwyer disclosed that he is an officer, director, and minority owner of <br />the Bank of Elk River. Commissioner Tveite disclosed that he is an officer of Wells <br />Fargo. <br />MOVED BY COMMISSIONER KOENIG AND SECONDED BY <br />COMMISSIONER KLINZING TO DESIGNATE THE FOLLOWING BANKS <br />AND INSTITUTIONS AS DEPOSITORIES FOR EDA FUNDS FOR THE <br />YEAR 2004: <br />• FIRST NATIONAL BANK OF ELK RIVER <br />• 4M FUND <br />• WELLS FARGO BANK <br />• THE BANK OF ELK RIVER <br />• US BANK <br />MOTION CARRIED 7-0. <br />