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<br />MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br />HELD AT THE ELK RIVER CITY HALL <br />MONDAY, NOVEMBER 13, 1995 <br /> <br />Members Present: <br /> <br />President GongolL Commissioners, Dwyer, Duitsman, Holmgren <br />(6:07), Farber and Bender <br /> <br />Members Absent: <br /> <br />Commissioner Scheel <br /> <br />Staff Present: <br /> <br />Bill Rubin, Executive Director; Michelle Dwyer, Recording Secretary <br /> <br />1 . Call Meetina To Order <br /> <br />Pursuant to due call and notice thereof. the meeting of the Elk River Economic <br />Development Authority was called to order at 6:03 p.m. by President Gongoll. <br /> <br />2. Consider Aoenda <br /> <br />COMMISSIONER DUITSMAN MOVED TO APPROVE THE AGENDA AS FOLLOWS: <br /> <br />9. CONSIDER A LOAN REQUEST FROM INTERNET FIVE, INC. -- DELETED <br />10. CONSIDER A CONTRACT FOR PRIVATE DEVELOPMENT BY AND BETWEEN THE <br />ELK RIVER eDA AND NEOS, INC. (TAX INCREMENT FINANCING DISTRICT NO. <br />12) -- DELETED <br />12.1 REQUEST A SPECIAL EDA MEETING MONDAY, NOVEMBER 20, 1995 <br /> <br />COMMISSIONER DWYER SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />3. Consider Minutes <br /> <br />COMMISSIONER FARBER MOVED TO APPROVE THE CONSENT AGENDA AS <br />FOLLOWS: <br /> <br />4.0 OCTOBER 9, 1995 MINUTES -- APPROVED <br />7.0 EDA CHECK REGISTER -- APPROVED <br /> <br />COMMISSIONER BENDER SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> <br />4. Open Mike <br /> <br />No one appeared for this item. <br /> <br />6. Consider November EDA Financial Statement <br /> <br />Assistant City Administrator, Lori Johnson submitted the statement of financial <br />activity for the period ending October 31. 1995. As of this date, the EDA had a <br />cash balance of $69,335.00. As of October 31. 1995 the micro-loan fund had a <br />cash balance of $131.491.00 and the block grant micro loan fund had a cash <br />balance of $48.455.00. <br />