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Commissioner Motin noted that the remediation might be our responsibility, as a previous <br />owner of the parcel. 0 <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 21 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 All ard, City Clerk <br />• <br />