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Elk <br />River <br />Members Present: <br />Members Absent: <br />Staff Present: <br />Others Present: <br />Meeting of the Elk River EDA Finance Committee <br />Held at the Elk River City Hall <br />Tuesday, July 25, 2017 <br />Larry Toth, Ryan Hardin, Dan Tveite, Jim Gromberg, Bryan Provo, Chad <br />Vitzthum, Nate Ovall, and Michelle Eder <br />None <br />Amanda Othoudt, Economic Development Director and Colleen Eddy, <br />Economic Development Specialist <br />Rhonda Magnussen (7:47 am) <br />Call Meeting to Order <br />Pursuant to due call and notice thereof, the meeting of the Elk River Finance Committee <br />was called to order at 7:32 a.m. <br />2. Consider Agenda <br />Motion by Ovall and seconded by Gromberg to approve the agenda. Motion carried <br />8-0. <br />3.0 Consent Agenda <br />Motion by Toth and seconded by Gromberg to approve the consent agenda. Motion <br />carried 8-0. <br />4.1 Application for Committee — Rhonda J. Magnussen <br />Ms. Othoudt presented the staff report and reviewed Rhonda's application. She also <br />introduced Michelle Eder to the group as the newly appointed HRA representative. The <br />group discussed Rhonda's application. <br />Motion by Thoth and seconded by Gromberg to approve Rhonda J. Magnussen's <br />appointment to the Joint Finance Committee. Motion carried 8-0. <br />5.1 Announcements <br />5.1 Ethanol Technology Verbal Update <br />Ms. Othoudt gave a verbal overview of this case. Currently there is talk of facilitating a <br />mediation with both parties. Ms. Othoudt is working with our legal representative at <br />Campbell Knutson and will keep the group updated and any future activities. Mr. Provo <br />asked how much the city has spent on collecting on this debt. Ms. Othoudt stated that the <br />city has spent around $8,000 so far. Mr. Hardin asked if the outstanding funds could be <br />assessed to the company's taxes. Ms. Othoudt stated that that was not an option in this case. <br />