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Economic Development Authority Minutes Page 2 <br />March 20, 2017 <br />----------------------------- <br />4. Open Forum <br /> No one appeared for Open Forum. <br />5. Public Hearings <br /> There were no public hearing items scheduled for this agenda. <br />6.1 Marketing Report <br />Ms. Eddy presented the staff report. <br />6.2 Directors Report <br />Ms. Othoudt presented the staff report. <br />6.3 Subordination of Security Interest Request for Patriot Converting <br />Ms. Othoudt presented the staff report. <br />Moved by Commissioner Blesener and seconded by Commissioner <br />Westgaard to approve Resolution 17-02 approving subordination of security <br />interest for Patriot Converting, Inc., as outlined in the staff report. <br />Motion carried 7-0. <br />7.1 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 5:51 p.m. <br />Minutes prepared by Jennifer Johnson. <br />Dan Tveite, EDA President <br />Tina Allard, City Clerk <br /> <br />