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Motion by Toth and seconded by Hardin to approve up to 12 year property tax <br /> abatement for SBH Properties, LLC. Motion carried 5-0. <br /> 4.3 EDA Microloan Policy Review <br /> Moved to next meeting. ,. <br /> 5.1 Announcements <br /> 5.1 Ethanol Technology Verbal Update <br /> Ms. Othoudt stated that Judge Sheridan has been assigned to the case. <br /> 5.2 Resignation letter from Paul Motin <br /> Ms. Othoudt reported that Paul Motin has moved out of the Elk River area which leaves an <br /> open seat on the EDA Finance Committee. There is an active search to replace the legal <br /> representation to the board. <br /> 6. Adjournment <br /> • <br /> There being no further business Chair Tveite moved to adjourn the meeting at 8:50 a.m. <br /> Minutes prepared by Colleen Eddy. <br /> T. : Allart, City Clerk <br /> 1111, •a Othoudt, Economic Development Director <br />