11-13-1995 EDA MIN - Laserfiche WebLink

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Economic Development Authority l\leeting November 13. 1995 Page 3 The EDA considered a similar resolution in 1993 to support the Coon Rapids Development Corporation (CRDC) and its desire to expand its service territory. Since that time CRDC has changed its name to Central Minnesota Development Company (CMDC) and has expanded its board of directors. At its fall planning workshop, CMDC resolved to explore a service territory expansion beyond Anoka County. Although Elk River and Sherburne County is currently serviced by a statewide CDC, Bill Rubin suggested that a locally- oriented CDC could better serve the needs of cities, EDA's, lenders, and small businesses in Sherburne County. As a result he supports CMDC's territory expansion into Sherburne, Chisago, and Isanti Counties. Commissioner Dwyer also stated his support for CMDC's expansion into Elk River and Sherburn County. COMMISSIONER DWYER MOVED TO ADOPT EDA RESOLUTION 95-5, A RESOLUTION REQUESTING THAT CENTRAL MINNESOTA DEVELOPMENT COMPANY EXTEND ITS SERVICE TERRITORY TO INCLUDE THE CORPORATE LIMITS OF ELK RIVER, MINNESOTA. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 6-0. 12. Other Business 12.1 Request for Special EDA Meetinq Monday, November 20,1995 COMMISSIONER HOLMGREN MOVED TO CALL A SPECIAL MEETING OF THE ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY FOR MONDAY, NOVEMBER 20, 1995 AT 5:45 P.M. TO CONSIDER A LOAN REQUEST FROM INTERNET FIVE, INC.. COMMISSIONER DUITSMAN SECONDED THE MOTION. THE MOTION CARRIED 6-0. 13. Adiournment There being no further business, COMMISSIONER HOLMGREN MOVED TO ADJOURN THE MEETING. COMMISSIONER FARBER SECONDED THE MOTION. THE MOTION CARRIED 6-0. The meeting of the Elk River Economic Development Authority was adjourned at 6:37 p.m.. Respectfully submitted, ),0 thLUt, J)u~ Michelle Dwyer Recording Secretary