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cky rid' <br /> Meeting of the Elk River EDA Finance Committee <br /> luver <br /> Held at the Elk River City Hall <br /> Tuesday,June 28, 2016 <br /> Members Present: Nate Ovall, Dan Tveite,Jennifer Wagner, Paul Motin, Larry Toth, Ryan <br /> Hardin and Chad Vitzhum <br /> Members Absent: None <br /> Staff Present: Amanda Othoudt,Economic Development Director and Colleen Eddy, <br /> Economic Development Specialist <br /> 1. Call Meeting to Order <br /> Pursuant to due call and notice thereof, the meeting of the Elk River Finance Committee <br /> was called to order at 7:34 a.m. <br /> 2. Consider Agenda <br /> Motion by Motin and seconded by Wagner to approve the revised agenda. Motion <br /> carried 4-0. <br /> 3.0 Consent Agenda <br /> Motion by Motin and seconded by Wagner to approve the Consent Agenda including <br /> the June 28, 2016 meeting minutes. Motion carried 4-0. <br /> Members Toth, Ovall, and Vitzhum arrived at 7:38 a.m. <br /> 4.1 EDA Financial Policy Review <br /> Ms. Othoudt presented the staff report and highlighted some of the revisions that were <br /> made to the Tax Increment Financing (TIF) Policy and Application. Commissioners had <br /> various revisions and discussed the importance of keeping the verbiage consistent in all the <br /> policies. At the next meeting the commission will review the Tax Abatement policy. <br /> 5.0 Announcements <br /> None <br /> 6. Adjournment <br /> Chair Tveite departed the meeting at 8:15 a.m. <br /> There being no further business,motion by Motin and seconded by Wagner to adjourn the <br /> meeting at 8:38 a.m. <br /> Minutes prepared by Colleen Eddy. <br />