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Commissioner Motin noted that the remediation might be our responsibility, as a previous <br /> owner of the parcel. <br /> President Tveite questioned whether a limit should be placed on the mitigation costs. <br /> Commissioner Motin questioned the timeline to mitigate the issue. Barnhart stated he hopes <br /> to be able to provide this information in September or October. <br /> Motion by Commissioner Dwyer and seconded by Commissioner Provo to approve <br /> Resolution 14-04, accepting the donation of Lots 1 and 2, Block 1, Fox Haven <br /> Commercial. Motion carried 5-0 <br /> Motion by Commissioner Motin and seconded by Commissioner Dwyer to amend <br /> the budget, moving$83,000 from the fund reserves to finance the acquisition of Lots <br /> 1 and 2, Block 1, Fox Haven Commercial. Motion carried 5-0. <br /> 4. Adjournment <br /> There being no further business, Chair Tveite adjourned the meeting of the Elk River <br /> Economic Development Authority at 5:45 p.m. <br /> Minutes prepared by Jeremy Barnhart. <br /> Dan Tveite, EDA President <br /> Tina Allard, City Clerk <br />