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Economic Development Authority Minutes Page 2 <br />October 17, 2022 <br />----------------------------- <br />6. Public Hearings <br /> <br /> There were no public hearing items. <br /> <br />7.1 Presentation – Placer.ai <br /> <br />Mr. O’Neil and Mr. Mollan presented the staff report. <br /> <br />Commissioner Christianson asked how the city can use Placer.ai proactively for <br />economic development, wondering if the city uses this information to ask companies <br />to locate in Elk River. <br /> <br />Commissioner Wagner added that the EDA could give directions to staff based on <br />the information staff compiles. <br /> <br />Mr. O’Neill stated the intent was to take the data and use it to reach EDA goals. <br /> <br />Commissioner Westgaard appreciated that the software can give validation to a <br />hypothesis. <br /> <br />Commissioner Blesener added that it was also useful to see information from <br />neighboring communities. <br /> <br />7.2 Assignment and Assumption Agreement – Orluck Industries <br /> <br />Mr. O’Neil presented the staff report. <br /> <br />Moved by Commissioner Hartwig and seconded by Commissioner Westgaard <br />to approve Resolution 22-04 authorizing the EDA to consent to an assignment <br />and assumption agreement between Orluck Industries and Twin City Metal <br />Works (TCMW) regarding the EDA’s loan to Orluck. <br /> <br />Motion carried 7-0. <br /> <br />7.3 General Updates <br /> <br />Mr. O’Neil presented the staff report. <br /> <br />The Beautification Committee will be presenting an award at their November <br />meeting selected from three applications. <br /> <br />The Joint Finance Committee and Beautification Committee are looking for new <br />members. <br /> <br />October is Manufacturing Month and an ad indicating such will appear in the Star <br />News. Staff is planning to attend the Central Minnesota Manufacturing Association <br />tour. <br /> <br />