Laserfiche WebLink
Economic Development Authority Minutes Page 2 <br /> April 21,2014 <br /> There was discussion regarding the interest for this project. • <br /> Mr. Beeman stated interest has been discontinued. He stated it may not be reinstated <br /> due to the administrative costs and paperwork involved. The intent is to zero out the <br /> account as per DEED's request. <br /> Commissioner Provo stated the following speaking from his own experience: <br /> • first quarter revenues for this type of industry has been soft <br /> • Orluck Industries has great respect in their field <br /> • military work has been down <br /> He stated Orluck is a great business to keep in Elk River and the city should try to <br /> support them the best they can, but he also understands the need to support other <br /> businesses. <br /> Moved by Commissioner Provo and seconded by Commissioner Westgaard to <br /> approve a Forgivable Loan extension for Orluck Industries in the amount of <br /> $200,000 and to recommend approval of the City Council. Motion carried 6-0. <br /> 6.2 FAST Study Implementation <br /> Mr. Barnhart presented the staff report. • <br /> 7.1 Economic Development/Housing Intern <br /> Mr. Beeman introduced new employee Colleen Eddy. He also announced staff is <br /> advertising for a new intern who will work 32-40 hours a week and the hours will be <br /> split 60/40 with the Housing and Redevelopment Authority. <br /> 8. Adjournment <br /> There being no further business, Chair Tveite adjourned the meeting of the <br /> Economic Development Authority at 5:40 p.m. <br /> Dan Tveite,EDA P ent <br /> Tina Allard,City Clerk <br /> 111111 <br /> POWERED B1 <br /> NATURE <br />