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Economic Development Authority Minutes Page 3 <br /> August 20,2018 <br /> 1111interest so he would abstain <br /> Commissioner Ovall stated he may have a conflict of to est <br /> from the vote. <br /> Moved by Commissioner Olsen and seconded by Commissioner Wagner to <br /> adopt Resolution 18-03 approving loan agreement and related documents <br /> (Alan Arnold Corporation/Ralphie's Minnoco Energy Project). <br /> Motion carried 4-0. <br /> 6.6 Director's Report <br /> Ms. Othoudt presented the staff report. <br /> 7. Other Business <br /> There was no other business. <br /> 8. Adjournment <br /> There being no further business,President Tveite adjourned the meeting of the Elk <br /> River Economic Development Authority at 5:59 p.m. <br /> Dan Tveite,EDA President <br /> / <br /> Tina Allard,City Clerk <br /> • <br /> irrwEREI if <br /> NATURE <br />