Laserfiche WebLink
Meeting of the Elk River <br />Economic Development Authority <br />Held at the Elk River City Hall <br />Tuesday, January 17, 2017 <br />Item 3.1 <br />Members Present: President Tveite, Commissioners Burandt, Ovall, Westgaard, Provo, <br />Olsen, and Wagner <br />Members Absent: None <br />Staff Present: Economic Development Director Amanda Othoudt, Economic <br />Development Specialist Colleen Eddy, and Executive <br />Secretary /Deputy City Clerk Jessica Miller <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 5:33 p.m. by President Tveite. <br />2. Consider 01 / 17/2017 Agenda <br />Moved by Commissioner Wagner and seconded by Commissioner Westgaard <br />to approve the January 17, 2017 agenda. Motion carried 7 -0. <br />3. Consider Consent Agenda <br />President Tveite indicated for the record he is an officer of Wells Fargo. <br />Commissioner Ovall indicated he is an officer of The Bank of Elk River. <br />Moved by Commissioner Westgaard and seconded by Commissioner Olsen to <br />approve the following consent agenda: <br />3.1 December 19, 2016, EDA Minutes. <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/ expenditure report as outlined in the staff report. <br />3.5 Designate the Star News as the official newspaper for 2017 and the <br />West Sherburne Tribune and Sherburne Citizen - Tribune as alternate <br />newspapers. <br />3.6 Designate the following banks and institutions as official depositories <br />for 2017: <br />• First National Bank of Elk River <br />• 4M Fund <br />• Wells Fargo Bank <br />• The Bank of Elk River <br />• US Bank <br />• TCF Bank <br />