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Meeting of the Elk River Joint Finance Committee <br />Held at Elk River City Hall <br /> Held Via Zoom Meeting <br />Monday, June 15, 2020 <br /> <br /> <br />Members Present: Dan Tveite, Ryan Hardin, Nate Ovall, Rhonda Magnussen, Chad Vitzthum, <br />and Michelle Eder <br /> <br />Members Absent: Larry Toth <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 by Dan Tveite at 7:34 a.m. <br /> <br />2. Consider Agenda <br /> <br />Motion by Eder and seconded by Blesener to approve the June 15, 2020, Joint <br />Finance Committee agenda. <br /> <br />Motion carried 6-0. <br /> <br />3. Consent Agenda <br /> <br />Motion by Blesener and seconded by Eder to approve the May 26, 2020 Joint Finance <br />Committee meeting minutes with the following change: <br /> Charlie Blesener attended the May 26, 2020 meeting. <br /> Motion carried 6-0. <br /> <br />4.1 COVID-19 Small Business Emergency Microloan Applications <br /> <br />Ms. Othoudt presented the staff report and explained the application and microloan criteria. <br />Ms. Othoudt stated she received 12 inquiries, 7 applications (2 applicants did not qualify per <br />Executive Orders 20-04 and 20-08) and four submitted complete applications. <br /> <br />The commission discussed the following four applications: <br />1.Pyramid Fitness Group, LLC dba Anytime Fitness <br />a.Requested $20,000 Microloan and $5,000 Property Tax Relief <br />