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Request for Action <br /> <br /> <br />To Item Number <br />Economic Development Authority 7.4 <br />Agenda Section Meeting Date Prepared by <br />General Business September 16, 2019 Amanda Othoudt, ED Director <br />Item Description Reviewed by <br />Joint Finance Committee Member Appointment Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Appoint, by motion, a Commissioner of the EDA to the Joint Finance Committee. <br /> <br />Background/Discussion <br />The Joint Finance Committee provides the EDA with a technical and politically neutral analysis of <br />applications including microloan, tax abatement, and tax increment financing applications. They meet on <br />the last Tuesday of the month. <br /> <br />The Finance Committee consists of nine (9) members: two (2) EDA members and at-large members <br />representing various constituencies, including banking, real estate, law, and the general community. <br />Current members are: <br /> <br />EDA: Dan Tveite <br />EDA: Open <br />HRA: Michelle Eder <br />HRA: Larry Toth <br />Banking: Nate Ovall <br />Banking: Chad Vitzthum <br />Banking: Nate Ovall <br />Legal: Rhonda J. Magnussen <br />Real Estate: Ryan Hardin <br />At Large: Jim Gromberg <br /> <br />The Bylaws indicate that all members of the advisory committees will be appointed by the respective <br />authorities. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Bylaws <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br />