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<br />. <br /> <br />. <br /> <br />. <br /> <br />Economic Development Authority Minutes <br />November 13, 2000 <br /> <br />Page 3 <br /> <br />COMMISSIONER KLINZING MOVED TO SUBORDINATE THE CURRENT SECOND REAL <br />ESTATE MORTGAGE TO THE NEW MORTGAGE ISSUED TO THE CARLSONS FROM THE <br />BANK OF ELK RIVER TO ALLOW FOR THE COMPANY'S EXPANSION WITH THE <br />CONDITION THAT A GUARANTY FROM SPORTECH, INC. IS EXECUTED. <br />COMMISSIONER GONGOLL SECONDED THE MOTION. THE MOTION CARRIED 7-0. <br /> <br />7. <br /> <br />Strateaic Industrial Marketina Plan - Uodate <br /> <br />Marc Nevinski reviewed the components of the Marketing Plan that staff has <br />been working on during the last month. <br /> <br />Marc reviewed the memo from the city administrator that discussed the city <br />communication and brand plan that staff is currently working on with Duckor and <br />Associates. He noted that this plan also is a part of the overall marketing plan. <br /> <br />8. Other Business <br /> <br />There was no other business. <br /> <br />9. <br /> <br />Adiournment <br /> <br />There being no other business, COMMISSIONER FARBER MOVED TO ADJOURN THE <br />MEETING. COMMISSIONER KOENIG SECONDED THE MOTION. THE MOTION <br />CARRIED 7-0. <br /> <br />The meeting of the Elk River Economic Development Authority adjourned at 6:55 <br />p.m. <br /> <br />f ~../~.. <br />/ } \C <br />\..,\lu/wll[ (L \ LZ_~- <br />S'anara Peine <br />City Clerk <br />