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} <br /> Item 3.1 <br /> Oty cri - <br /> Elk • ' Meeting of the Elk River <br /> River Economic Development Authority <br /> Held at the Elk River City Hall <br /> Monday, October 17, 2016 <br /> Members Present: President Tveite, Commissioners Burandt,Ovall,Westgaard, Olsen, <br /> and Wagner <br /> Members Absent: Commissioner Provo <br /> Staff Present: Economic Development Director Amanda Othoudt and Recording <br /> Secretary Jennifer Johnson <br /> I. Call Meeting to Order <br /> Pursuant to due call and notice thereof, the meeting of the Elk River Economic <br /> Development Authority was called to order at 5:30 p.m. by President Tveite. <br /> 2. Consider 1 0/17/2016 Agenda <br /> Ms. Othoudt handed out a staff report and requested President Tveite add the item <br /> to the consent agenda as item 3.5 Indy Lube,Inc., Satisfaction Agreement. <br /> Moved by Commissioner Westgaard and seconded by Commissioner Olsen to <br /> approve the October 17, 2016, agenda,with the addition of item 3.5 as outlined <br /> above. <br /> Motion carried 6-0. <br /> 3. Consider Consent Agenda <br /> Commissioner Ovall requested a change to the September 19,2016,EDA minutes to <br /> item 6.1 Updated Tax Abatement Policy and Application. He requested clarification <br /> to the sentence"She stated staff is looking at reviewing microloans, tax abatements, <br /> and tax increment in-house" and suggested the following, "She stated staff is looking <br /> at continuing to use Springsted for tax abatements and tax increment finances,but to <br /> internally review microloans." <br /> Moved by Commissioner Wagner and seconded by Commissioner Westgaard <br /> to approve the following consent agenda: <br /> 3.1 September 19, 2016, EDA Minutes,with the change to the minutes as <br /> noted above. <br /> 3.2 Check register as outlined in the staff report. <br /> 3.3 Balance sheet as outlined in the staff report. <br /> 3.4 Revenue expenditures as outlined in the staff report. <br />