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Economic Development Authority Minutes Page 2 <br />February 17, 2015 <br />6.1 Sportech: DEED job Creation Fund Application <br />Mr. Barnhart presented the staff report. <br />Moved by Commissioner Dwyer and seconded by Commissioner Olsen to <br />adopt resolution 15 -2 of the Economic Development Authority of the City of <br />Elk River Supporting the Job Creation Fund Application in Connection with <br />Envision Company, dba Sportech. Motion carried 7 -0. <br />6.2 Microloan for Distinctive Iron <br />Mr. Barnhart presented the staff report. <br />The commission let the applicant know how excited they were to have their business <br />locating to Elk River. <br />Moved by Commissioner Wagner and seconded by Commissioner Olsen to <br />adopt resolution 15 -3 of the Economic Development Authority, County of <br />Sherburne, Sate of Minnesota, Approving Loan Agreement and Related <br />Documents (Distinctive Iron Project). Motion carried 7 -0. <br />6.3 Marketing Update <br />Ms. Eddy provided an updated of economic development marketing activities as <br />outlined in the staff report. <br />7. Announcements <br />There were no announcements. <br />8. Adjournment <br />There being no further business, Chair Tveite adjourned the meeting of the Elk <br />River Economic Development Authority at 6:5 p.m. <br />a2 - - -7v-- <br />Dan Tveite, EDA President <br />Tina Allard, City Clerk <br />PIV FBI I it <br />NQ.TVR� <br />