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Economic Development Authority Minutes Page 3 <br />August 21, 2017 <br />----------------------------- <br /> <br />Moved by Commissioner Wagner and seconded by Commissioner Olsen to <br />adopt resolution 17-06 establishing the 2018 referendum tax levy as approved <br />by voters for a recreational facility to be leased to the YMCA. Motion carried <br />6-0. <br /> <br />6.4 Budget Amendment for Jobs Incentive Loan Program <br /> <br /> Ms. Othoudt presented the staff report. <br /> <br />Moved by Commissioner Provo and seconded by Commissioner Olsen to <br />approve the transfer of $66,000 to the Jobs Incentive Microloan Fund from <br />EDA reserves. Motion carried 6-0. <br /> <br />6.5 Modification to EDA Business Microloan Policy <br /> <br /> Ms. Othoudt presented the staff report. <br /> <br />Moved by Commissioner Blesener and seconded by Commissioner Olsen to <br />approve a modification to the EDA Business Microloan Policy as outlined. <br />Motion carried 6-0. <br /> <br />6.6 Director’s Report <br /> <br /> Ms. Othoudt presented her staff report. <br /> <br />7.1 Nominations for Beautification Committee <br /> <br /> Ms. Othoudt urged businesses to submit nominations for Beautification Awards. <br /> <br />Commissioner Ovall stated he appreciates the Beautification Committee’s <br />engagement. <br /> <br />8. Adjournment <br /> <br />There being no further business, President Tveite adjourned the meeting of the Elk <br />River Economic Development Authority at 6:18 p.m. <br /> <br />Minutes prepared by Jessica Miller. <br /> <br /> <br /> <br />Dan Tveite, EDA President <br /> <br /> <br /> <br /> <br />Tina Allard, City Clerk