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<br />Meeting of the Elk River Joint Finance Committee <br />Held at Elk River City Hall <br />Tuesday, July 31, 2018 <br /> <br /> <br />Members Present: Larry Toth, Ryan Hardin, Jim Gromberg, Bryan Provo, Rhonda Magnussen, <br />Michelle Eder and Nate Ovall (7:45 a.m.) <br /> <br />Members Absent: Chad Vitzthum and Dan Tveite <br /> <br />Staff Present: Amanda Othoudt, Economic Development and Colleen Eddy, Economic <br />Development Specialist <br /> <br />Others Present: Brian Brehmer, Ralphie’s Minnoco. <br /> <br /> <br />1. Call Meeting to Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Elk River Joint Finance <br />Committee was called to order at 7:40 a.m. <br /> <br />2. Consider Agenda <br /> <br />Motion by Toth and seconded by Eder to approve the July 31, 2018, Joint Finance <br />Committee agenda. <br /> <br />Motion carried 6-0. <br /> <br />3. Consent Agenda <br /> <br />Motion by Hardin and seconded by Magnussen to approve the July 31, 2018 Joint <br />Finance Committee consent agenda: <br /> 3.1. June 26, 2018 Joint Finance Committee meeting minutes <br /> 3.2. Revolving Loan Fund Balance report. <br /> <br />Motion carried 6-0. <br /> <br />4.1 Energy Efficiency Microloan Application for Ralphie’s Minnoco <br /> <br />Ms. Othoudt presented the staff report. Members discussed various aspects of the <br />application. Member Ovall abstained in the discussion and the vote as Brian Brehmer is a <br />customer of the Bank of Elk River. <br /> <br />Motion by Provo and seconded by Magnussen to recommend approval of the Energy <br />Efficiency Microloan Application for Ralphie’s Minnoco, as outlined in the staff <br />report. <br />