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Economic Development Authority Minutes <br />April 17, 2023 <br />S. Open Forum <br />No one appeared for Open Forum. <br />6.1 170" Street Land Sale <br />This item was removed from the agenda. <br />7.1 Tax Abatement Request — Harvest Reaper/Beaudry Oil <br />Mr. O'Neil presented the staff report. <br />Page 2 <br />Mikaela Huot, Baker Tilly, gave a presentation on the tax abatement amounts. <br />President Tveite commented that the Joint Finance Committee was in favor of the project. <br />Moved by Commissioner Grupa and seconded by Commissioner Hartwig to recommend the <br />attached tax abatement application from Beaudry Oil to the City Council for approval. <br />Motion carried 7-0. <br />Commissioner Wagner thanked Ken Beaudry for staying in Elk River and bringing more jobs. <br />7.2 General Updates <br />Mr. O'Neil presented the staff report. <br />The group picture will be deferred to the May meeting. <br />Marcus Theater is closing in April 2023. Mr. O'Neil is attempting to determine if there are issues with the <br />property, location, or other factors. <br />Due to time constraints, President Tveite proposed moving Item 9.1 to the May 15, 2023, EDA meeting. <br />9.1 Park Land <br />This item was moved to May 15, 2023, EDA meeting. <br />10. Motion to Adjourn <br />Moved by Commissioner Wagner and seconded by Commissioner Beyer to adjourn the meeting of <br />the Economic Development Authority. <br />Motion carried 7-0. <br />The meeting was adjourned at 5:55 p.m; <br />NATUREI <br />