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<br />Meeting of the Elk River Joint Finance Committee <br />Held at Elk River City Hall <br />Tuesday, June 25, 2019 <br /> <br /> <br />Members Present: Larry Toth, Ryan Hardin, Chad Vitzthum, Michelle Eder and Nate Ovall <br /> <br />Members Absent: Jim Gromberg, Rhonda Magnussen, and Dan Tveite <br /> <br />Staff Present: Amanda Othoudt, Economic Development and Colleen Eddy, Economic <br />Development Specialist <br /> <br />Others Present: None <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 7:35 a.m. <br /> <br />2. Consider Agenda <br /> <br />Motion by Eder and seconded by Vitzthum to approve the June 25, 2019, Joint <br />Finance Committee agenda. <br /> <br />Motion carried 5-0. <br /> <br />3. Consent Agenda <br /> <br />Motion by Vitzthum and seconded by Eder to approve the June 25, 2019 Joint <br />Finance Committee consent agenda: <br /> 3.1. July 31, 2018 Joint Finance Committee meeting minutes <br /> 3.2. Revolving Loan Fund Balance report <br /> <br />Motion carried 5-0. <br /> <br />4.1 Microloan Essentials Discussion <br /> <br />Ms. Othoudt presented the staff report. Members discussed the credit memo and <br />corresponding forms. Member Ovall made a recommendation for Ms. Othoudt to <br />refine the forms to meet the EDA’s needs. The committee will review the forms at a <br />future meeting. <br /> <br /> <br /> <br /> <br />