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MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY (EDA) <br /> HELD AT THE ELK RIVER CITY HALL <br /> 4111 MONDAY, AUGUST 22, 1988 <br /> Members Present: Estelle Gunkel, Harold Dobel, Jim Tralle, Gene Schuldt, <br /> and Roger Holmgren <br /> Members Absent: None <br /> Also Present: Pat Klaers, City Administrator; Lori Johnson, Finance <br /> Director; Dick Fursman, Economic Development <br /> Coordinator; Mike Mulrooney, Economic Development <br /> Consultant; Dave Sellergren, City and EDA Attorney <br /> 1. Pursuant to due call and notice thereof, the meeting of the Economic <br /> Development Authority was called to order by President Gunkel at 8:07 p.m. <br /> 2. Consider EDA Agenda <br /> Item 7.1 — Economic Development Consultant retainer fee was added to the <br /> agenda. <br /> HAROLD DOBEL MOVED TO APPROVE THE EDA AGENDA AS AMENDED. COUNCILMEMBER <br /> HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> • 3. Review and Adopt EDA Bylaws <br /> The revised bylaws of the EDA were presented to the EDA for their review. <br /> President Gunkel discussed the fact that certain elements were missing <br /> from the bylaws. These elements of the bylaws pertained to the Minnesota <br /> State Statutes. She indicated it would be helpful to have them included, <br /> or on hand, so as to have the information accessible when necessary. <br /> EDA Attorney, Dave Sellergren, indicated an option, other than looking <br /> up the State Statute, would be to include the Statutes with the bylaws in <br /> book form. These changes were recorded by the Economic Development <br /> Coordinator for accurate revision of the bylaws. <br /> The EDA discussed the revised bylaws at this time and several changes <br /> were made by the EDA. <br /> ROGER HOLMGREN MOVED TO ADOPT THE EDA BYLAWS AS AMENDED. JIM TRALLE <br /> SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> ROGER HOLMGREN MOVED TO DIRECT THE CITY ATTORNEY TO PREPARE <br /> le ; PRESIDENT AND TREASURER TO SIGN CHECKS • ` ,y •; a a <br /> THE EDA. HAROLD DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br /> N)ee -e1\ <br /> EADI <br /> 4. Consideration of the 1989 EDA Budget <br /> ROGER HOLMGREN MOVED TO APPROVE THE BANK OF ELK RIVER AS A DEPOSITARY FOR <br /> 1 THE EDA. GENE SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 5-0. <br />