Laserfiche WebLink
City of <br /> Elk Meeting of the Elk River EDA Finance Committee <br /> River _ Held at the Elk River City Hall <br /> Tuesday,January 31, 2017 <br /> Members Present: Larry Toth,Ryan Hardin,Dan Tveite,Jim Gromberg, Bryan Provo, Chad <br /> Vitzthum,Nate Ovall <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 7:35 a.m. <br /> 2. Consider Agenda <br /> Motion by Gromberg and seconded by Vitzthum to approve the agenda. Motion <br /> carried 7-0. <br /> 3.0 Consent Agenda <br /> Motion by Toth and seconded by Hardin to approve the consent agenda. Motion <br /> carried 7-0. <br /> 4.1 EDA Microloan Policy Review <br /> Ms. Othoudt presented the staff report. Member's discussed various items such as the <br /> environmental concerns, defined the expectations,reviewed the ineligible activities; call of <br /> the loan if applicant does not meet the defined requirements, and to keep the verbiage <br /> consistent with the other microloan policies. Next meeting members will review all policies. <br /> 5.1 Announcements <br /> 5.1 Ethanol Technology Verbal Update <br /> Ms. Othoudt stated that there has been progress made on the case. The judge assigned to the <br /> case has reviewed Ethanol Technologies tax debts to the federal and state departments <br /> which might prevent the city from getting paid. Ms. Othoudt is working with the judge to <br /> get more information. The case continues. <br /> 6. Adjournment <br /> There being no further business Chair Tveite moved to adjourn the meeting at 8:37 a.m. <br />