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Economic Development Authority Minutes Page 5 <br />August 17, 2020 <br />----------------------------- <br /> <br />Ms. Othoudt stated she is not asking for more funding to be released but questioning <br />the business eligibility list. <br /> <br />President Tviete noted there is approximately $102,000 remaining in the loan fund <br />with three months into the program. He stated he would be open to getting some <br />recommendations on program expansion for businesses but limit it to the $200,000 <br />already allocated unless CARE funding becomes available. <br /> <br />Commission consensus directed staff to come forward with a recommendation of <br />eligible uses. <br /> <br />8. Adjournment <br /> <br />There being no further business, President Tveite adjourned the meeting of the Elk <br />River Economic Development Authority at 6:32 p.m. <br /> <br /> <br /> <br /> <br />Dan Tveite, EDA President <br /> <br /> <br /> <br /> <br />Tina Allard, City Clerk <br /> <br />