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Economic Development Authority Minutes Page 6 <br /> May 18,2020 <br /> ----------------------------- <br /> is expected to complete their work. He stated staff needs to know the specific issues <br /> raised by survey participants to be able to resolve the issues. He reaffirmed the <br /> Authority would review and approve the policies. <br /> Commissioner Blesener can clarify that the survey participants have relationships <br /> with banks numerous times for financial assistance and questioned how the <br /> application process for a bank loan compares to a city loan,which offers much <br /> smaller loan amounts. <br /> Chair Tviete noted the Authority's allotted meeting time is ut and these items <br /> would be discussed at a future meeting. <br /> 4. Adjournment <br /> There being no further business, President Tveite adjourned eeting of the Elk <br /> River Economic Development Authority at 5:35 p.m. <br /> Minutes prepared by City Clerk Tina Allard <br /> Dan Tveite,EDA President <br /> Tina Allard, City Clerk'* <br /> UREJ <br />