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Economic Development Authority Minutes <br />December 21, 2020 <br />No one appeared for Open Forum. <br />6. Public Hearings <br />There were no public hearing items. <br />7.1 Morrell Companies Microloan Extension <br />Ms. Eddy presented the staff report. <br />Mikaela Huot, director at Bakertilly, provided an overview of the loan. <br />Page 2 <br />Moved by Commissioner Blesener and seconded by Commissioner <br />Christianson to adopt resolution 20-13 approving the amendment of loan <br />terms for Scott Morrell, LLC. and authorization to execute the amended loan <br />documents. Motion carried 6-0. <br />7.2 COVID-19 Small Business Emergency Microloan Program <br />Ms. Eddy presented the staff report. <br />Moved by Commissioner Wagner and seconded by Commissioner <br />Christianson to adopt resolution 20-14 approving the conversion of the <br />COVID-19 Small Business Emergency Microloan Program from a payable <br />loan to a forgivable loan. Motion carried 6-0. <br />President Tveite indicated one of the applicants benefiting from this is Anytime <br />Fitness in Elk River. He disclosed he owns an Anytime Fitness in Princeton but has <br />no affiliation with the Elk River location. <br />7.3 Together Elk River Campaign Update <br />Ms. Eddy provided an update on the Together Elk River campaign. <br />The EDA viewed the holiday message from the local businesses. President Tveite <br />thanked Commissioner Wagner for her work on the Together Elk River program on <br />behalf of the EDA and Council. He stated he believes it is a tremendous program <br />and has been well received by the community. <br />7.4 Strategic Plan Discussion <br />Ms. Eddy presented the staff report. <br />Tom Leighton, Project Manager at Stantec, provided an overview of the current <br />Strategic Plan. <br />P I! E I E I 11 <br />NATUR <br />