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Economic Development Authority Minutes Page 3 <br />May 16, 2022 <br />7.4 EDA Incentive Programs and Fees <br />Mr. O'Neil presented the staff report. <br />Moved by Commissioner Wagner and seconded by Commissioner Hartwig to <br />approve a modification to the application fees for EDA loan programs in the <br />amount of $500. <br />Motion carried 6-0. <br />7.5 General Updates <br />Mr. O'Neil presented the staff report. <br />The commission recessed at 6:00 p.m. and reconvened in worksession at 6:02 p.m. <br />8.1 Existing Microloan Requests: Orluck Industries <br />Mr. O'Neil presented the staff report. He discussed the loan and the possibility in <br />the future to assign it to another company. <br />9. Adjournment <br />There being no further business, President Tveite adjourned the meeting of the Elk <br />River Economic Development Authority at 6:12 p.m. <br />Dan Tveite, EDA resident <br />Tina Allard, City Clerk <br />P0VtRk1 8Y <br />NATURE <br />