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Economic Development Authority Minutes Page 2 <br />December 19, 2016 <br />----------------------------- <br /> There were no public hearing items scheduled for this agenda. <br /> <br />6.1 Industrial Incentive Microloan Application for Heritage Millwork, Inc. <br /> <br /> Ms. Othoudt presented the staff report. <br />Chair Tveite discussed the finance committeeÔs review of the app <br /> <br />Commissioner Wagner stated she hopes to see Heritage move their <br />River in the future. <br /> <br />Moved by Commissioner Provo and seconded by Commissioner Olsen to approve <br />a $100,000 Industrial Microloan to Heritage Millwork, Inc. and authorize the <br />President and Executive Director to execute the loan agreement and any loan <br />documents to which the EDA is a party on. Motion carried 7-0. <br /> <br />6.2 City Beautification Subcommittee <br /> <br /> Ms. Othoudt presented the staff report. <br /> <br />Moved by Commissioner Westgaard and seconded by Commissioner Wag <br />create an EDA City Beautification Subcommittee as outlined in the staff report. <br />Motion carried 7-0. <br /> <br />Moved by Commissioner Westgaard and seconded by Commissioner Burandt to <br />amend the EDA bylaws. Motion carried 7-0. <br />6.3 DirectorÔs Report <br /> <br /> Ms. Othoudt presented the staff report. <br /> <br />Chair Tveite congratulated Ms. Othoudt on her Economic Developme <br />Profession Certification. <br /> <br />7. Announcements <br /> <br />Chair Tveite noted this meeting is CommissionerÔs Burandt last a <br />for her contributions. <br /> <br />Commissioners thanked Burandt for her service on the EDA. <br /> <br />--------------- <br /> <br />Commissioner Provo stated he was asked to remove himself from th <br />discussion, at the recommendation of the city EDA attorney due to a conflict of interest <br />regarding Spectrum School. He expressed concerns with the property value of his <br />business decreasing so he consulted with his own attorney who to <br /> <br /> <br />