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• RESOLUTION 12-06 A RESOLUTION OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY RECOGNIZING CONTRIBUTIONS OF JERRY GUMPHREY SERVING ON THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, On January 5, 2005, the Elk River City Council appointed Jerry Gumphrey to serve on the Elk River Economic Development Authority where Mr. Gumphrey served through January 2,2007, and was reappointed on January 3, 2011;and WHEREAS, During his tenure on the EDA,Mr. Gumphrey supported the EDA's Business Incubator Program which resulted in the establishment of Cymbet, a clean technology company who manufacturers eco-friendly batteries and employs 28 people; and WHEREAS, Mr. Gumphrey actively supported development of the Northstar Business Park which brought in three new businesses and allowed for the expansion of one existing Elk River business; and WHEREAS, His work resulted in the creation of over 527 jobs through the use of financial incentives like tax abatement financing to attract and support seven businesses within the community;and • WHEREAS, He was a stron g supporter of the Microloan Program,which provided$390,000 Pp � �wc p in funding to assist seven local businesses;and WHEREAS, In 2011, the EDA partnered with Elk River Energy City to utilize Energy City as an economic development tool through various marketing mediums and created the Energy Efficiency Improvement Microloan Program to encourage reinvestment through energy efficient rehabilitation;and WHEREAS, On September 12, 2011, the EDA approved the implementation of the Elk River Brand Plan, and on April 23, 2012, the EDA appointed Mr. Gumphrey to the Brand Champions Team;and WHEREAS, On November 7, 2011, Mr. Gumphrey was appointed to the Downtown Redevelopment Task Force to facilitate the Mississippi Connections Redevelopment plan approved by the City Council on December 3, 2012; and WHEREAS, On January 12, 2012, the EDA authorized funding to assist with the improvement costs associated with Nature's Edge Business Center industrial park, and WHEREAS Jerry Gumphrey's commitment, background and service has contributed to • create a strong and sustainable organization working to benefit the City of Elk River.