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<br />. <br /> <br />. <br /> <br />. <br /> <br />Economic Development Authority Minutes <br />July 23, 1990 <br /> <br />Page 2 <br /> <br />5. Marketin~ Update <br /> <br />The Executive Director informed the EDA that the main advertising <br />campaign will be with the Minnesota Real Estate Journal and that six <br />future publications in the journal will have the Elk River ad <br />displayed. He indicated that the cost of the six ads would be <br />approximately $3,000. <br /> <br />Mr. Klaers requested permission from the EDA to put the City's ad in <br />the Parade of Homes magazine for the Fall Parade of Homes in Elk <br />River. He indicated that the cost would be $1,000. <br /> <br />It was the consensus of the EDA to proceed with these two programs of <br />the advertising campaign. <br /> <br />6. Other Business <br /> <br />The Executive Director reviewed with the EDA agenda items for the <br />August 13, 1990, EDA meeting. He also informed the EDA that a <br />financial committee meeting will be called prior to August 6, 1990. <br /> <br />Mike Mulrooney informed the EDA that he is in the process of collecting <br />information and putting together a balance sheet on the revolving loan <br />fund. He indicated that this would be presented at the August 13, <br />meeting. <br /> <br />7. <br /> <br />Executive Director Update <br /> <br />No business was presented. <br /> <br />8. Adjournment <br /> <br />There being no further business, COMMISSIONER DOBEL MOVED TO ADJOURN <br />THE MEETING. COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION <br />CARRIED 6-0. <br /> <br />The meeting of the Elk River Economic Development Authority adjourned at <br />7:00 p.m. <br /> <br />Respectfully submitted, <br /> <br />~.~~~ <br /> <br />Sandy Thackeray <br />City Clerk <br />