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City of <br /> Elk <br /> River Meeting of the Elk River Joint Finance Committee <br /> Held at Elk River City Hall <br /> Tuesday,June 25, 2019 <br /> Members Present: Larry Toth,Ryan Hardin, Chad Vitzthum,Michelle Eder and Nate Ovall <br /> Members Absent: Jim Gromberg,Rhonda Magnussen, and Dan Tveite <br /> Staff Present: Amanda Othoudt, Economic Development and Colleen Eddy, Economic <br /> Development Specialist <br /> Others Present: None <br /> I. 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 7:35 a.m. t <br /> 2. Consider Agenda <br /> Motion by Eder and seconded by Vitzthum to approve the June 25, 2019,Joint <br /> Finance Committee agenda. <br /> Motion carried 5-0. <br /> 3. Consent Agenda ` <br /> i <br /> Motion by Vitzthum and seconded by Eder to approve the June 25,2019 Joint <br /> Finance Committee consent agenda: <br /> 3.1. July 31,2018 Joint Finance Committee meeting minutes <br /> 3.2. Revolving Loan Fund Balance report <br /> Motion carried 5-0. <br /> 4.1 Microloan Essentials Discussion <br /> Ms. Othoudt presented the staff report. Members discussed the credit memo and <br /> corresponding forms. Member Ovall made a recommendation for Ms. Othoudt to <br /> refine the forms to meet the EDA's needs. The committee will review the forms at a <br /> future meeting. <br /> . _ - - a- <br />