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Economic Development Authority Minutes Page 2 <br />October 16, 2017 <br />----------------------------- <br />6.1 Beautification Award <br /> Ms. Eddy presented the staff report. <br />Moved by Commissioner Blesener and seconded by Commissioner Olsen to <br />recognize Landmark Hotel and Extended Stay with an award for making <br />substantial improvements to the exterior of the building. Motion carried 6-0. <br />Chair Tveite highlighted LandmarkÔs improvements. <br />Moved by Commissioner Wagner and seconded by Commissioner Westgaard <br />to recognize Atlas Staffing Agency with an award for consistently maintaining <br />their properties in an attractive and well-kept manner. Motion carried 6-0. <br />Chair Tviete discussed how Atlas has beautified their property. <br />Chiar Tveite handed out the awards and congratulated both recipients. <br />Ms. Eddy called out the Beautification Committee and thanked them for their work. <br />6.2 Directors Report <br />Ms. Othoudt presented the staff report. She noted the Mayor would like to recognize <br />Elk River Meats at the next meeting because they were featured on WCCO for <br />having the best meat sticks in Minnesota. <br /> <br />7.1 BR&E Visits <br /> <br />Ms. Othoudt encouraged the commissioners to attend the Die Concepts business <br />visit on Friday. <br /> <br /> ---------------------------- <br /> <br />The Commission recessed at 5:42 p.m. in order to go into worksession and <br />reconvened at 5:45 p.m. <br /> <br />8.1 Draft Tax Increment Financing Policy <br /> <br /> Ms. Othoudt presented the staff report and reviewed the draft policy. <br /> <br />The following modifications were recommended for the policy: <br />Add language that the tax increment finance policy will be consistent with <br />other plans. <br />Change 20% to 10 % to be consistent with all other policies. <br /> <br /> <br />