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Economic Development Authority Minutes Page 3 <br /> August 21,2017 <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 /> 6.4 Budget Amendment for Jobs Incentive Loan Program <br /> Ms. Othoudt presented the staff report. <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 /> 6.5 Modification to EDA Business Microloan Policy <br /> Ms. Othoudt presented the staff report. <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 /> 6.6 Director's Report <br /> Ms. Othoudt presented her staff report. <br /> 7.1 Nominations for Beautification Committee <br /> Ms. Othoudt urged businesses to submit nominations for Beautification Awards. <br /> Commissioner Ovall stated he appreciates the Beautification Committee's <br /> engagement. <br /> 8. Adjournment <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 /> Minutes prepared by Jessica Miller. <br /> ".1.2": .,,_(:)----- N-."—_,.c) <br /> Dan Tveite, EDA President <br /> ----"--"*?? ' <br /> Tina Allard, City Clerk <br /> 1 'IIEIII 1 T NATURE <br /> T <br />