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Economic Development Authority Minutes Page 5 <br />July 16, 2018 <br />----------------------------- <br />President Tveite suggested changing the goal to on wetlands to “continue to fund <br />the wetland bank”. <br /> <br />Commissioner Ovall asked if one project could wipe out the entire wetland bank <br />amount and what is an appropriate reserve for a city of our size. <br /> <br />Ms. Othoudt responded that one project had the potential to deplete the entire fund. <br />She asked the EDA how they wished to incorporate the gravel mine into goals and <br />objectives. <br /> <br />President Tveite suggested developing a strategy on what is going to happen and <br />what the EDA would like to see happen. <br /> <br />Commissioner Westgaard agreed that the committee needed to know the plan before <br />marketing it. It would be helpful to establish a vision and strategic plan for the gravel <br />mine which also included the Corridors of Commerce. <br /> <br />Commissioner Ovall asked where Energy City fits into the EDA. <br /> <br />Ms. Othoudt responded that the Energy City branding is most often used for the <br />Environmental department but the EDA also uses it. <br /> <br />Ms. Eddy added that Energy City has cross department goals. <br /> <br />Commissioner Ovall asked if we are using Energy City in our marketing should we <br />be fighting to preserve that. <br /> <br />Ms. Eddy felt Energy City marketing should be more of a city council goal than a <br />goal of the EDA. <br /> <br />4. Adjournment <br /> <br />There being no further business, President Tveite adjourned the meeting of the Elk <br />River Economic Development Authority at 5:38 p.m. <br /> <br />Minutes prepared by Katie Porath <br /> <br /> <br /> <br /> <br />Dan Tveite, EDA President <br /> <br /> <br /> <br /> <br />Tina Allard, City Clerk <br /> <br /> <br />