EDSR MEMORANDUM 01-09-1995 - Laserfiche WebLink

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• city of Elk River. For 1995, the city of Elk River will designate the following banks/institutions as depositories for its funds: The Bank of Elk River First National Bank of Elk River Metropolitan Federal Bank (Elk River) Norwest Bank First Banks Marquette Bank Following past practice, it is in order to designate the above- referenced banks/institutions as depositories for EDA funds in 1995. e) Consider Committee Appointments/Assignments The EDA currently has three committees; a) Finance,b) Marketing, and c) Research and Development. Membership on the respective committees can be found on a separate attachment in the agenda packet. Past practice has been to reappoint the same persons to these committees - assuming that the members desire to remain and serve in an as-needed basis. The Finance • Committee is active throughout the year in its review of micro loan requests, the R&D Committee was reactivated and two of its members serve on the Business Park Task Force; the Marketing Committee has been helpful in its critique of marketing brochures, etc. f) Bylaws/Enabling Resolution The annual meeting also provides an opportunity to review the EDA's Bylaws and Enabling Resolution for suggested changes, if any. However, subject to proper notice, amendments to the Bylaws may be made during the year as well. The Enabling Resolution may be modified throughout the year, too. 7. Addendum to Tescom TIFAEreement At the December, 1994, EDA meeting, Commissioners authorized the preparation of an addendum to the Contract for Private Agreement by and between the EDA and Tescom Corporation. This Agreement will enable the EDA to convey Lot 1, Block 2, Elk River Industrial Park 2nd Addition to Tescom Corporation by Quit Claim Deed. Further, the addendum helps tie this conveyance to the Contract for Private Development as well as TIF Plan No. 9. In essence, the terms and •