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E ofIf <br /> Meeting of the Elk River EDA Finance Committee <br /> tkiver Held at the Elk River City Hall <br /> Tuesday, March 28, 2017 <br /> Members Present: Larry Toth,Ryan Hardin,Dan Tveite,Jim Gromberg,Bryan Provo, Chad <br /> Vitzthum, and Nate Ovall <br /> Members Absent: None <br /> Staff Present: Amanda Othoudt,Economic Development Director and Colleen Eddy, <br /> Economic Development Specialist <br /> Others present: Mikaela Huot, Springsted;Jenny Bolton,Kennedy and Graven;Pat Briggs, <br /> Applicant;Dave Selbitschka <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 7:32 a.m. <br /> 2. Consider Agenda <br /> Motion by Toth and seconded by Gromberg to approve the agenda. Motion carried <br /> 7-0. <br /> 3.0 Consent Agenda <br /> Motion by Gromberg and seconded by Toth to approve the consent agenda. Motion <br /> carried 7-0. <br /> 4.1 Jackson Hill Residential Suites Housing TIF Application <br /> Ms. Othoudt presented the staff report. Ms. Huot reviewed the But for Analysis prepared by <br /> Springsted. Members discussed the application, asked for clarification the school and county <br /> financial rates, and establishing TIF districts. <br /> Motion by Gromberg and seconded by Ovall to have the EDA table the Housing TIF <br /> application discussion to the May 30 meeting. Further discussion was had about <br /> revising the TIF application. Motion carried 7-0. <br /> Dan Tveite and Bryan Provo departed the meeting at 8:50 a.m. <br /> 4.2 EDA Microloan Policy Final Draft Review <br /> Ms. Othoudt presented the staff report and discussed the revisions that were made to the <br /> Microloan Policy,Jobs Incentive Microloan Policy and the Tax Abatement Policy. <br /> Jim Gromberg departed the meeting at 9:10 a.m. <br />