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Economic Development Authority Minutes Page 5 <br /> October 20,2014 <br /> Moved by Commissioner Wilson and seconded by Commissioner <br /> Westgaard to Approve Authorization of Signing the Microloan <br /> Subordination Agreements between the City of Elk River Economic <br /> Development Authority and Preferred Powder Coating. <br /> Motion carriedApproved 6-0. <br /> 7.1 Sweet P's Update <br /> Mr. Barnhart stated Sweet P's owed one final outstanding payment of$1400 which <br /> has been due since April 2014. He asked the EDA if staff should continue to try and <br /> recover this outstanding payment. <br /> Commissioner Dwyer stated because it's consider taxpayer money and staff should <br /> do whatever they can to try and recover the final payment. <br /> It was the consensus of the EDA to have the Finance Committee to determine a <br /> plan to recover the final payment. <br /> 8. Adjournment <br /> There being no further business, Chair Tveite adjourned the meeting of the Elk <br /> River Economic Development Authority at 6:14 p.m. <br /> Minutes prepared by Jennifer Johnson <br /> Dan Tveite, EDA President <br /> Tina Allard, City Clerk <br /> rVowEREI Ar <br /> NATURE <br />