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Request for Action <br /> <br /> <br />To Item Number <br />Economic Development Authority 7.2 <br />Agenda Section Meeting Date Prepared by <br />General Business January 22, 2019 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Designation of Committee Assignments Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />1. Approve, by motion, the continuation of the members of the Joint Finance Committee. <br />2. Approve, by motion, the continuation of the members of the Beautification Committee. <br />3. Consider and new committees and committee assignments for commissioners. <br /> <br />Background/Discussion <br />EDA Bylaws suggest they consider appointments to all existing committees as necessary. The <br />appointment and/or removal of committee members are at the discretion of the EDA. <br /> <br />In addition, it is suggested the Authority consider the creation of any new committees during their annual <br />meeting, assign the appropriate number of commissioners and determine the assignments for any new <br />committees. <br /> <br />Currently, the EDA hosts two special committees, the Joint Finance Committee and the City <br />Beautification Committee. The Joint Finance Committee provides the EDA with a technical and <br />politically neutral analysis of applications including microloan, tax abatement, and tax increment financing <br />applications. They meet on the last Tuesday of the month. Other committees identified in the Bylaws <br />include Marketing, Prospecting, and Research and Development are not established subcommittees. <br /> <br />The Finance Committee consists of nine (9) members: two (2) EDA members and at large members <br />representing various constituencies, including banking, real estate, law, and the general community. <br />Current members are: <br />EDA: Dan Tveite <br />EDA: Bryan Provo <br />HRA: Michelle Eder <br />HRA: Larry Toth <br />Banking: Nate Ovall <br />Banking: Chad Vitzthum <br />Banking: Nate Ovall <br />Legal: Rhonda J. Magnussen <br />Real Estate: Ryan Hardin <br />At Large: Jim Gromberg <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />