Laserfiche WebLink
iver Meeting of the Elk River Joint Finance Committee <br />Held at Elk River City Hall <br />Tuesday, January 30, 3018 <br />Members Present: Larry Toth, Ryan Hardin, Dan Tveite, Jim Gromberg, Bryan Provo, Chad <br />Vitzthum, Nate Ovall, Rhonda Magnussen, and Michelle Eder <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 Inc.; Pat Briggs, Applicant <br />Call Meeting to Order <br />Pursuant to due call and notice thereof, the meeting of the Elk River Joint Finance <br />Committee was called to order at 7:32 a.m. <br />2. Consider Agenda <br />Motion by Gromberg and seconded by Hardin to approve the January 30, 2018, Joint <br />Finance Committee agenda. <br />Motion carried 9-0. <br />3. Consent Agenda <br />Motion by Eder and seconded by Toth to approve the January 30, 2018, Joint Finance <br />Committee consent agenda: <br />3.1. July 25, 2017, Joint Finance Committee meeting minutes. <br />3.2. Revolving Loan Fund Balance report. <br />Motion carried 9-0. <br />4.1 Tax Increment Financing Applications — Jackson Hills Residential Suites and <br />The Elk River Lodge Suites, LLC <br />Ms. Othoudt presented the staff report. Mikaela Huot from Springsted presented the But <br />For analysis. Members discussed various aspects of the application. <br />Motion by Provo and seconded by Magnussen to recommend approval of <br />establishing Tax Increment Financing District 25 as outlined in the staff report. <br />