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ITEM # 5.1. <br /> • <br /> City of <br /> Elk <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: January 12, 2004 <br /> SUBJECT: Annual Meeting Issues <br /> The following annual business issues should be considered by the EDA: <br /> a. Election of Officers—The City Council has reappointed EDA Commissioner <br /> Pat Dwyer for an additional 6-year term. The EDA bylaws indicate the <br /> following offices are to be filled through the election process at the annual <br /> • meeting of the Authority. The 2003 officers were as follows: <br /> • President—Jeff Gongoll <br /> • Vice President—Pat Dwyer <br /> • Treasurer—Larry Koenig <br /> • Secretary—Dan Tviete <br /> • Assistant Treasurer—Louise Kuester <br /> b. Appoint Executive Director—The appointment of an executive director is <br /> required at the annual meeting of the Authority. Staff recommends that the <br /> EDA designate the Director of Economic Development, Catherine <br /> Mehelich, as the executive director of the EDA. <br /> c. Designate Official Newspaper—The EDA's current official newspaper is the Elk <br /> River Star News. Staff recommends the EDA's designation of the Elk River <br /> Star News as the official EDA newspaper for 2004. <br /> d. Designate Official Depositories—In the past the EDA has designated depositories <br /> similar to those designated by the City Council. For 2004, the EDA is asked <br /> to designate the following banks and institutions as depositories for its funds: <br /> • First National Bank of Elk River <br /> • 4M Fund <br /> • Wells Fargo Bank <br /> • • The Bank of Elk River <br /> • USBank <br />