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Economic Development Authority Minutes Page 3 <br /> August 16,2021 <br /> ----------------------------- <br /> There was discussion about policy for the current fund balance and balancing the use <br /> of some of those funds to achieve the EDA's goals and objectives. <br /> Chair Tviete noted the authority will be significantly below budget in 2021 due to <br /> staffing and the pandemic and questioned use of those funds. <br /> Commissioner Westgaard questioned if there were enough funds in the budget for <br /> communicating to the business community for the 169 Refine project. <br /> Mr. Portner stated there will be more impacts in 2023 for 1 Redefine. <br /> Commissioner Beyer noted much of the project is controlled and their <br /> responsibility. <br /> Commissioner Wagner stated she shared some ideas with r. Portner and felt there <br /> should be some funds for this project but noted a plan isn't established yet to be able <br /> to determine a budget. She stated there should be a coalition of businesses and <br /> partners involved. She asked Sherburne County to participate but they didn't have <br /> the interest. <br /> Mr. Portner stated the authori co,Id amend ter through the fund balance <br /> versus adding to the levy. <br /> Consensus of the commission the proposed budget is acceptable. <br /> 3. Adjournmen <br /> r"% <br /> There being no further business, President Tveite adjourned the meeting of the Elk <br /> River Economic Development Authority at 5:09 p.m. <br /> Dan Tv DA Preside <br /> Tina Allard, City Clerk <br /> UREJ <br />