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ITEM # 6. <br /> • <br /> City of <br /> Elk -�-� <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Heidi Steinmetz, Assistant Director of Economic Development <br /> DATE: August 9, 2004 <br /> SUBJECT: Consider Finance Committee Appointment <br /> Attachment <br /> • E-mail note from First National Bank of Elk River President,Dave Rymanowski <br /> Issue <br /> Dave Rymanowski,President of First National Bank of Elk River has expressed interest in <br /> • becoming a member of the EDA Finance Committee. Mr. Rymanowski will be in <br /> attendance at the EDA meeting to answer any questions the EDA might have. <br /> Background <br /> The Finance Committee is composed of EDA members,business professionals, and area <br /> bankers. One representative from each area bank,if interested,is represented on the <br /> Finance Committee. Due to Committee member Tom McNair's change of employment <br /> from First National Bank to The Bank of Elk River,there are now two representatives from <br /> The Bank of Elk River serving on the Finance Committee,Mr. McNair and Jim Simpson. <br /> Therefore, Mr. Simpson has offered to resign from the Committee after serving on the <br /> Committee since its inception in 1986. Staff would like to thank Mr. Simpson for his <br /> eighteen years of service to the Finance Committee! Mr. Simpson will remain a member of <br /> the Marketing Committee. <br /> Recommendation <br /> Staff recommends that the EDA consider the appointment of Dave Rymanowski to the <br /> EDA Finance Committee. <br /> 410 <br />